Modern urban centers around the world now have neighborhoods that house well over 100,000 people per square mile. The Choa Chu Kang district in Singapore, defined by boulevards lined with 10 to 12 story mid-rise residential buildings, has a population density of over 125,000 per square mile. The entire borough of Manhattan has an average population density of over 70,000 per square...
Now that financial markets around the world are experiencing a long-overdue correction, the best we can hope for is that we hit bottom before a deflationary cascade causes a worldwide depression. Those economists who believe in the long-term debt cycle may claim that this time the end has arrived, and they may be right. COVID-19, oil price...
Californians nix school bonds as Florida’s parental choice program expands. It looks like California’s Prop.13, a $15 billion school construction bond, has been defeated. This is notable because voters had not rejected a bond of this nature since 1994. Additionally, supporters raised $10 million for the campaign, while opponents spent 1/40th of that amount –...
Welcome to the Hotel California, such a lovely place… Plenty of room at the Hotel California, any time of year, you can find it here… – “Hotel California,” by the Eagles, 1977 For decades California’s aristocracy has engaged in unsustainable feasting, as they consume the leviathan carcasses of what were for a time the world’s the...
The preliminary election returns reported on March 4th indicate that California’s voters delivered a stunning rejection of new taxes and borrowing. It’s about time. At the state level, Prop.13 which would have authorized $15 billion in general obligation bonds for schools and colleges, required a simple majority for approval. But as of March 9th the...
The American Conservative recently laid an egg. They published a misanthropic, pessimistically aggressive Malthusian screed, written by James Howard Kunstler. Kunstler’s “Why America’s Urban Dreams Went Wrong” attacks pretty much every urban amenity Americans have built since the invention of the automobile. And his reasoning, all of it, reflects a dismal lack of faith in human...
This is the fifth in a series of missives to the president of the American Federation of Teachers. (The first four can be accessed here.) Hey Randi! Can you believe it! Next Monday will be our tenth anniversary! Yup, a whole decade has passed since Terry Moe, Rod Paige and I devoured you and two...
Anyone unfamiliar with what is really going on in California would have listened to Governor Newsom’s State of the State address on February 12 and gotten the impression that things have never been better. Newsom’s opening set the tone for the rest of his 4,400 word monologue: “By every traditional measure, the state of our state is...
“It’s not enough. We’re still 41st in the nation in per pupil funding. Something needs to change. We need to have an honest conversation about how we fund our schools at a state and local level,” – California Governor Gavin Newsom, State of the State Address, February 12, 2020 It should come as no surprise that Governor...
As the political exhibition season ends, here’s a brief look at where the candidates stand on school choice, and the Green Mountain State’s 150-year-old parental choice program. In 2015, the American Federation of Teachers anointed Hillary Clinton as its 2016 presidential preference, with no input from its rank-and-file. This did not sit well with the...
When Gov. Jerry Brown left office in January 2019, most of the reviews of his second eight-year stint as leader of the nation’s richest, most populous state were effusive. Citing his restoration of fiscal stability after the Capitol chaos seen in the last three years of the Schwarzenegger administration, Brown biographer Narda Zacchino declared he...
The conventional wisdom about Proposition 13 — the only ballot measure before California voters in the March 3 election — is that the $15 billion construction bond benefitting public schools, state universities and community colleges is of relatively little importance to the average voter. While there are concerns that local districts will have to raise...
Public sector unions are by far the most powerful special interest in California. And they are united in their goal to pay themselves as much or more than public agencies can afford, which shields unionized public servants from the worst effects of the laws (which they almost always support) that have made California’s cost-of-living the...
On Feb. 3, state Sen. Scott Wiener, D-San Francisco, introduced a bill that would transfer to California taxpayers responsibility for the state’s largest and most troubled utility, Pacific Gas & Electric. The bill would give a new government agency, the California Consumer Energy and Conservation Financing Authority, the power to buy the assets and pay...
