Last year (2014), China overtook the United States in gross domestic product adjusted for purchasing power (GDP-PPP, see point 4 for explanation), according to both the International Monetary Fund (IMF) and the World Bank (Note 1). read more »
Newgeography.com - Economic, demographic, and political commentary about places
Becoming America the Not-So-Beautiful
“They don’t know history, but they are making it. But what are they making?”
– Victor Serge, “The Conquered City,” 1932
In contrast to the physical sciences, and even other social sciences, the study of history is, by nature, subjective. There is no real mathematical formula to assess the past. It is more an art, or artifice, than a science. read more »
Low Hanging Fruit
As a San Franciscan I get a lot of raised eyebrows when I mention that I recently bought property in Cincinnati. “Huh?” Then I walk them through it. Here’s the mom and pop business district along Hamilton Avenue in the Northside neighborhood during a recent Summer Streets event. This is a classic 1890’s Norman Rockwell Main Street with a hardware store, a Carnegie library, barbers, cafes, bars, funky little shops, and seriously good architectural bones. read more »
Are-You-Better-Off: An Update
Going into the silly-season of US Presidential campaigning, I want to get a head start on updating the “Are you better off today than you were four years ago?” discussion. In an April 2009 ng article, Rogue Treasury, I compared measures of our economic well-being before and after passage of the Emergency Economic Stabilization Act of 2008. read more »
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Gas Tax Still a Tax
Governor Jerry Brown recently released a plan to find funds to fix California’s roads. Infrastructure funding is one of the essential roles of government, so it’s refreshing to hear that our otherwise dysfunctional state government is taking action on this front. But who will be paying for it? Those who use the roads most, that is, California’s drivers, who disproportionately tend to be members of the middle and working classes. read more »
Wave of Migrants Will Give Europe an Extreme Makeover
The massive, ongoing surge of migrants and refugees into Europe has brought up horrendous scenes of deprivation, along with heartwarming instances of generosity. It has also engendered cruel remembrances of the continent’s darkest hours. But viewed over the long term, this crisis may well be the prelude to changes that could dissipate, and even overturn, some of the world’s most-storied and productive cultures. read more »
Behind the Facade in St. Petersburg
St. Petersburg, Peter the Great’s new European style capital for imperial Russia, is the most visited city for tourists in Russia. It has a ton of great buildings, energetic street life in its smallish central core, and world-renowned cultural institutions like the Hermitage Museum and the Mariinsky Theater. read more »
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Is Owning A Car Too Expensive?
Many analysts—usually planners—have been regularly offering a wealth of exhortations concerning how uneconomical it is to purchase, operate and maintain a private car. Is this a valid assertion of a household economic burden? And what is the likelihood that the advice will ultimately prove useful? read more »
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Peak People in Japan
Japan reached "peak people" in 2011, when its population reached 127.4 million residents. From that point, all trends point to significant population losses. But, there is by no means unanimity on the extent of those population losses. Population projection is anything but an exact science, and Japan provides perhaps the ultimate example.
Dueling National Population Projections read more »
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Neither Olympics Nor NFL Will Rescue Los Angeles
We all tend to have fond memories of our greatest moments, and for Los Angeles, the 1984 Olympics has served as a high point in the city’s ascendency. The fact that those Summer Games were brilliantly run, required relatively little city expenditure and turned a profit confirmed all those things we Angelenos loved about our city – its flexibility and pragmatism and the power of its civic culture. read more »
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