Think Locally, Act Globally
May 26, 2010
Did anyone notice that NEC director Larry Summers quietly exploded old-fashioned urban policy last week? He didn’t mean to. In a speech at the Brookings-White House Council on Automotive Communities summit on May 18, Summers set out to talk about the economy, and how to stimulate manufacturing in general and auto manufacturing in particular. He identified four policy areas that are particularly important: the availability of credit; exports; innovation and R&D; and human capital. More credit, more exports, more innovation, and more educated workers could, in conjunction with huge and su
Toward an Accurate Portrayal of American Poverty
May 14, 2010
There’s been a lot of talk lately on the ins and outs of a new supplemental poverty measure being developed by the U.S. Census Bureau. As named, this new measure will not replace the official measure, but will supplement it by offering more information on people’s economic wellbeing. Nancy Folbre’s recent Economix post gives a good round up of why this new measure matters, but here’s the upshot.
College Education: Metros’ Anti-Recession Vaccine?
December 30, 2009
Are regional college education rates a stay against metro unemployment in bad times?
Recovery? Depends Where You Look…
December 15, 2009
The latest edition of MetroMonitor--our ground-up view of the recession and recovery--is out today, looking at economic indicators through the third quarter of 2009. The bottom line: It’s still a big country. Some places had largely recovered by September, while others still hadn’t bottomed out yet. Check out the report for all the details, but here are a few amuse- bouches to whet your appetite: The manufacturing belt surges… but it may be temporary.
CDBG: New Tricks for an Old Dog?
November 24, 2009
Last week at a forum on local government’s fiscal straits, Mayor Elaine Walker of Bowling Green, KY, supplied her top desired federal recession response: “For us,” she said, “the biggest thing is… the Community Development Block Grant….In Bowling Green, we use it for everything.” Said Walker: CDBG could be a critical anti-recession measure because it allows local governments “not to balance [their] budgets but to… get money into the local economy.” CDBG—a flexible program that provides communities with resources to address development needs particularly in urban or struggling locales--hasn’t
Local Government Finances: The Next Casualty?
November 18, 2009
State government budget problems have been a well-publicized element of the nation’s ongoing economic crisis. Less remarked upon has been a lower-profile meltdown: the nation’s soon-to-be ugly local government fiscal mess. And now it’s time to tune in. How do things look? The short answer is: brutal!
November 13, 2006
Last fall, Arnold Schwarzenegger couldn't escape the huge crowds of union members and Democrats who protested his ballot initiatives that proposed reshaping the state's education, budget, and political systems. Protesters surrounded hotels where he spoke,gathered outside TV studios and restaurants where he appeared, and even confronted him in hallways and kitchens. The angry hordes reflected a statewide rejection of the once-popular governor--more than 55 percent of Californians disapproved of his job performance, and Democratic challengers led in early polls on the 2006 governor's race.
October 10, 2005
FOR GOV OR MONEY The new New Deal proposed by Niall Ferguson and Laurence J. Kotlikoff contains “something old, something new, something borrowed, and something blue” (“The New New Deal,” August 15). In borrowing from the national sales tax idea, it will run smack into the objections that the plan has always faced: fairness, transition costs, and economic dislocation. One major objection to a sales tax is that it hammers the elderly. Those who have earned and paid taxes throughout their lives will suddenly find their life savings taxed again at even higher rates upon consumption.