The Avenue
The Big Infrastructure Question Posed by Sandy
In light of this week’s storm, one big question post-Sandy is what could have been done to prevent the devastating damage to the city of New York, its infrastructure, and its economy? Monday morning quarterbacking, for sure, but it’s the question on everyone’s mind now. And for obvious reasons, that’s tough to answer. After all, what is the proper way to prepare for a once-in-a-century event? (Whether 100-year storms now happen every year is another, but related, discussion.) READ MORE >>
Promoting Infrastructure Investment through Private Activity Bonds
The federal government contributed about 25 percent of total public spending on transportation and water infrastructure over the past decade. READ MORE >>
The Catchiest Transit Safety PSA Ever
After Justin Bieber’s calumny against Tacoma this week, the Puget Sound could use some props. READ MORE >>
The Wrong Way to Look at Helping the Poor
In a New York Times op-ed today, Gary MacDougal tackles a pressing and complicated question: What is the most effective way to fight poverty in America? With 15 percent of the population--and one in five children--living below the federal poverty line, this is exactly the conversation we need to have as a country. READ MORE >>
Top Research Institutions and Long-Run Regional Prosperity
In 1906, James McKeen Cattell of Columbia University assembled a list of the 1000 most eminent American scientists of his day and published an analysis of their geographic distribution in the journal Science, including the 40 cities with at least five top scientists. Those cities correspond to 30 metropolitan areas today. Those metropolitan areas were home to 26 percent of 1900 U.S. population but 78 percent of the nation’s top scientists. Today, these metropolitan areas account for 24 percent of the U.S. population and 42 percent of U.S. patents. READ MORE >>
U.S. Poverty Continues its Post-Recession Grip
Yesterday, the Census Bureau released the latest round of Income, Poverty, and Health Insurance Coverage data, giving us a look at 2011. The mixed picture that emerged in yesterday’s release reveals the effects of an economic recovery that has remained sluggish and weak since its official start in June 2009. READ MORE >>
Banking on the States for Clean Energy Innovation
with Ken Berlin* With Washington mired in unproductive argument this fall, it’s a great time to look elsewhere in America for smart, constructive problem-solving. Specifically, it’s a great time--in the realm of energy policy--to look at what’s going on in U.S. states, many of which have been at the forefront of implementing innovative clean energy solutions. READ MORE >>
The 2012 Long Game for the U.S. Economy is Competitiveness
Tonight, President Obama will accept the Democratic Party nomination with a speech in which he will lay out the case for a second term. The context, of course, is the volatility of the past four years in the U.S. economy and the entire global economy, marked by deep recession and weak recoveries in the developed economies and cooling growth in emerging markets. READ MORE >>
Minding the Metro Education Gap
For the first time since World War II, there are fewer jobs three years after the end of a recession than before it began. Our new Brookings report suggests that most of this flat recovery can be attributed to severe losses in housing wealth and jobs in industries such as manufacturing and construction. Yet education--especially the balance between the demand and supply of educated workers--is the most important factor explaining long-run unemployment in metropolitan and national labor markets. READ MORE >>
My colleague Jonathan Rothwell already reviewed economist Enrico Moretti’s wonderful book, “The New Geography of Jobs,” but I wanted to jump in to highlight one particularly important point among the many Moretti makes. READ MORE >>