Blogs

A New Word in Development

In the old days a "blurb" was a positive promotional recommendation statement on a book jacket. I have done a few myself. Now we are informed by the developer of Civita, an urban infill project in San Diego, that "blurb" really means a cross between suburban and urban.

Are they going to put a picture of it on a book jacket?  read more »

Honolulu Rail Costs Balloon, Ridership Projections Called High

Hawaii Governor Linda Lingle has released an independent analysis of the proposed Honolulu rail program to the public and to elected officials. The report was commissioned by the state Department of Transportation.  read more »

Home Sweet McMansion

Is the new American house, with three-car garages and laundry chutes like Olympic ski runs, an improvement over the old ones that were limited to a cozy dining room, a den, and a kitchen that held a small round table on which was kept a toaster?

The size of the American house tracks the evolution of the budget deficit and national debt. Think of McMansions as you would the Federal Reserve Bank—an imposing edifice with the contents of the garage pledged to Household Finance, if not the Chinese.

Many neighborhoods have become the United States of Gatsby.  read more »

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Beyond Grassroots and Into Congress: California High-Speed Rail

While most of the substantial opposition to high-speed rail in California previously came from local government leaders and citizens, primarily in the Bay Area, Congressmen are now taking the issue to the entire country for debate. House Representative Jerry Lewis, R-Redlands, introduced H.R.  read more »

Rasputin's Tunnel?

First, New Jersey Governor Chris Christie cancelled the proposed intercity and suburban rail tunnel between New Jersey and Manhattan because of the financial obligations its out-of-control costs could impose on the state's taxpayers. Then he delayed the final decision, under pressure from Secretary of Transportation Ray LaHood and other supporters of the tunnel.  read more »

Australian Local Governments Stop Forced Amalgamation

Local government consolidations are often proposed by a wide range of interests, often out of the belief that they will produce more efficient (less costly) governments. Much of the academic literature supports this view. However, the evidence indicates that material savings routinely fail to occur from such amalgamations. The claimed $300 million annual savings in Toronto's megacity quickly became higher costs and a larger bureaucracy.  read more »

The Myth of the Sustainable Public Budget

Nobel Laureate economist Paul Krugman caused a stir on ABC's This Week, expressing the following view to Christina Amanpour on the recommendations by the leadership of the US Debt Reduction Commission:  read more »

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Miami Condo Price Implosion Continues

The National Association of Realtors has just published its quarterly median house prices and the trend continues downward in Miami. At the end of the third quarter, the median condominium price had dropped to $82,900 in Miami, about the same as the list price for a BMW-7 sedan. This places condominium prices at 77 percent below the 2007 second quarter median of $367,000.  read more »

HSR Just Doesn't Fit

According to many economists, including the well-respected Robert J. Samuelson, the federal government's effort to fund high-speed rail lines is like trying to fit a round peg into a square hole. If one really breaks down the numbers, the Obama administration's goals of reducing green house gas emissions, traffic congestion, and oil consumption with these rail lines are idealistic to say the least, and this idealism may cost states more than their budgets can handle right now.  read more »

Governor Christie Cancels Under-Construction Tunnel in Unprecedented Move

New Jersey governor Chris Christie reaffirmed his decision to cancel the "access to the regional core" tunnel across the Hudson River from New Jersey to New York. Christie had suspended his previous decision pending discussion of alternatives with the US Department of Transportation.  read more »