Is Your City Safe From The Tech Bust?

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A decade ago, the path to a successful future seemed sure. Secure a foothold in the emerging information economy, and your city or region was destined to boom.

That belief, as it turned out, was misguided.

In the decade between 1997 and 2007, the information sector–which includes jobs in fields from media, publishing and broadcasting to computer programming, data processing, telecommunications and Internet publishing–has barely created a single new net job, while some 16,000,000 were created in other fields.

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The Luxury City vs. the Middle Class

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The American

The sustainable city of the future will rest on the revival of traditional institutions that have faded in many of today’s cities.

Ellen Moncure and Joe Wong first met in school and then fell in love while living in the same dorm at the College of William and Mary. After graduation, they got married and, in 1999, moved to Washington, D.C., where they worked amid a large community of single and childless people.

Like many in their late 20s, the couple began to seek something other than exciting careers and late-night outings with friends. “D.C. was terrific,” Moncure recalled over lunch near her office in lower Manhattan. “It was an extension of college. But after a while, you want to get to a different ‘place.’” Read more