Economics 101 suggests it’s time for a big migration west from the Rust Belt to the Boom Belt. But economists missed something important about these towns: They have social capital. Trust is what you might call the “magic fairy dust” that helps economies thrive.
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The block grant program and other federal programs that have assisted communities with about $8 billion annually for cleaner water, safer sidewalks, streetlights and sewage treatment are on the chopping block in Washington.
Children who grow up in some places go on to earn much more than they would if they grew up elsewhere.
There’s a clear link between a lack of places to live and the number of people sleeping out of doors at night. And the solution is clear, too: Cities need to double down not just on homeless services, but on building more affordable housing, and quickly.
Not education. Not income. Not even being an expert on racial disparities in health care
The 2017 Opportunity Index, a comprehensive look at the factors that drive opportunity across the United States, reveals how the South is home to some of the most dynamic and fastest -growing areas in the country — but also some of the least hopeful.
Mark Zuckerberg announced that Facebook will drop fees to nonprofit fundraisers, but the company will keep them for individuals trying to raise money on the platform.
Building more housing, more densely, could help address a widespread economic challenge. A fight over one lot in Berkeley, California shows how tough that could be.
A native of Queens, Donald Trump was the son and heir to Fred Trump, a scrappy and ruthless developer of housing for New York’s white working and middle class. An outer-borough nativist and one-time Klan supporter, the senior Trump profited mightily from the federal government’s massive intervention in the real estate industry, which began in the Great Depression. His fortune was premised on strict racial segregation, a process whose legacies still shape the geography of urban and suburban America.
Los Angeles Times, Nov. 27, 2017: Completely unnecessary spat over CFPB leaves consumers out in the cold For his part, Trump tweeted over the weekend that the CFPB “has been a total disaster” that has left financial firms “devastated and unable to properly serve the public.” That, of course, is total nonsense. The CFPB has …
Has Mr Trump kept his promise to revive American manufacturing, mining and the like? A more probable explanation is that he came to office just as America began to run out of willing workers to fill all of its job vacancies. As unemployment has fallen, from over 6% in mid-2014 to 4.1% today, wage growth has gradually picked up.
The CFPB has emerged as that rare beast — a fast-moving agency that actually chalks up wins for average Americans. Industry’s answer has been a multimillion dollar, multi-front battle to discredit and defang the bureau, a war declared even before the enemy officially existed. Attacking the CFPB has become a growth industry in Washington. Hyperbolic, relentless, often scorchingly personal — it’s a campaign that more often than not resembles a street fight. Now the agency is vulnerable and soon to be in the hands of a Trump appointee.
A record number of veterans and service members are buying homes with loans financed by the Department of Veterans Affairs. About 80 percent of VA Loan borrowers do not put down money when buying a house. But less than 1 percent of VA loans were in foreclosure as of June, according to the Mortgage Bankers …
Rates of absolute mobility – the fraction of children who earn more than their parents – have fallen from approximately 90% for children born in 1940 to 50% for children born in the 1980s.