Anyone who’s not concerned about the state of the middle class in SoCal should consider recent public notices on a pending auction of the Plaza Mexico retail center in Lynwood a wake-up call.  read more »

One of the most significant effects of the COVID-19 pandemic has been a large increase in remote work. The ability to work from home has rescued the U.S. and the world from a steeper economic decline. Fortunately, information technology made it possible for a much larger part of the economy to continue working than otherwise would have been possible.  read more »

In 1964, the Japanese National Railways (JNR) was on a roll. The state-owned but largely unsubsidized company had just finished seven years of uninterrupted profits. Moreover, in 1964 it opened the Shinkansen (meaning new main line) between Tokyo and Osaka in time for the Summer Olympics.  read more »

It’s well known by now that trust in American institutions has been in decline. Frankly, that’s in part deserved. It’s objectively the case, for example, that we responded far worse to the coronavirus than many other countries, most notably countries in East Asia.  read more »

If Fisker ends up building electric vehicles with Foxconn Technology Group in Wisconsin, as seems likely, the stunning new development could make a huge winner out of what was an economic-development disaster — and put the state back into the business of making cars for the first time in 13 years.  read more »

When U.S. Secretary of State John Kerry recently urged workers upset by the Biden administration’s decision to scuttle the Keystone XL pipeline to “learn to make solar panels”, he was oblivious to the fact that China and India dominate the solar panel manufacturing market.  read more »

Our national divide is usually cast in terms of ideology, race, climate, and gender. But it might be more accurate to see our national conflict as regional and riven by economic function. The schism is between two ways of making a living, one based in the incorporeal world of media and digital transactions, the other in the tangible world of making, growing, and using real things.  read more »

If housing is a human right, then it should no more be the vehicle for profiteering than other basic utilities of human existence such as the supply of water, education or life-saving medicine. If housing is a human right, then profiteering off housing is not only bad policy, it’s also immoral.

Among numerous groups in California and elsewhere, there is much talk about a “housing crisis.” Yet this talk is misleading, and if self-styled “housing advocates” want to invoke any crisis, they should more properly be discussing an “affordable housing crisis.”  read more »

The Urban Reform Institute and the Frontier Centre for Public Policy are pleased to present the 2021 edition of Demographia International Housing Affordability. This report provides housing affordability ratings, using the median multiple, a measurement of income in relation to housing prices, or 92 major markets (metropolitan areas) in eight nations for the third quarter of 2020.  read more »

Even before 2020, America’s great cities faced a tide that threatened to overwhelm them. In 2020, the tsunami rose sud­denly, inundating the cities in ways that will prove both troubling and trans­formative, but which could mark the return toward a more hu­mane, and sustainable, urbanity. The two shocks—the Covid-19 pandemic in the spring, followed by a summer punctuated by massive social un­rest—have undermined persistent fantasies of an inevitable “back to the city” migration.  read more »