Friday, June 27
Tim Bond of Barclays Capital: "This is the first test for central banks in 30 years and they have fluffed it. They have zero credibility, and the Fed is negative if that's possible. It has lost all credibility."
Posted by Jason R. Carroll at 9:54 AM
Thursday, June 26
Wednesday, June 25
Tuesday, June 24
Friday, June 6
An excellent recent article in the Economist on the transformation of American suburbs. Some excerpts:
In 1960 fewer Americans lived in suburbs than in central cities or the countryside. Ten years later the suburbs had overhauled both; by 2000 they contained more people than the cities and countryside put together.
...the white population of big-city suburbs grew by 7% between 2000 and 2006. In the same period the suburban Asian population grew by 16%, the black population by 24% and the Hispanic population by an astonishing 60%.
As the suburbs become more mixed, some inner-city areas are turning less so. Los Angeles ... and New York ... both added whites and lost blacks between 2000 and 2006.
...the Brookings Institution ... calculates that 45% of the jobs in America's 100 biggest metropolitan areas are found more than ten miles from the downtown core.
The popularity of such confections [outdoor lifestyle retail centers] suggests that Americans want to spend time in places that look like cities but feel like suburbs. They hint at a broader pattern: cities and suburbs are converging.
Since 2001 the number of violent crimes in suburban areas has risen by 10%, according to the FBI. ... it is a poor record compared with America's big cities, which have cut violent crime by 17%.
Posted by Jason R. Carroll at 7:12 AM