Economics

With our natural resources, our productive capacity, and the genius of our people for mass production we will...outstrip the Axis powers in munitions of war.
Franklin Roosevelt, Message to Congress, Jun 10, 1941  read more »

Mutual of Omaha is building a new headquarters in downtown Omaha, which at first appears to be a revival of downtown fortunes. But the company has 4,000 employees in the Omaha area, and the new headquarters will have room for no more than 2,500 of them, as the rest are expected to work from home on any given day.  read more »

No state advertises its egalitarian bona fides more than California. Governor Gavin Newsom brags that his state is “the envy of the world,” a place that is “not going to abandon our poor people.” In his inauguration speech, he claimed that “unlike the Washington plutocracy, California isn’t satisfied serving a powerful few on one side of the velvet rope. The California Dream is for all.”  read more »

As I prepared to teach my module on work this year, I realised that Studs Terkel’s book Working celebrates its fiftieth anniversary in 2022. It’s a book that both reflects and helps to explain working-class life.  read more »

Russia’s invasion of the Ukraine will be remembered as one of the great crimes of the 21st century. The ensuing humanitarian crisis has already caused more than two million refugees to flee their homeland.  read more »

“Canada will always be there to defend the right to peaceful protest” – Justin Trudeau, in a reference to protests in India…

Asked why he supported some protests, but was determined to crush the trucker convoy, Justin Trudeau answered without hesitation  read more »

This is a disease one should not underestimate, but let’s assume that the worst of the Covid-19 pandemic is past us, at least for now. The disease’s impact on economy, our way of life, the state of democracy and the world will resonate for years to come  read more »

Over a hundred years ago, Max Weber observed that countries in northern Europe tended to have a higher standard of living and generally more well-functioning societies than countries in other parts of Europe. He believed that the reason for the formers’ success lay in their Protestant work ethic.  read more »

The number of people working in downtown Portland dropped from more than 103,000 in mid-2019 to 13,000 in mid-2020, according to a State of the Economy report recently published by the Portland Business Alliance. The report doesn’t actually show numbers, but the chart below, which I took from the report, can be used to make pretty close estimates.  read more »

If there’s one location advantage for the heartland that’s become clear during the last several years, it’s the edge we enjoy over the coasts in housing affordability.  read more »