According to a report from Reuters, construction spending fell in American for the second month in a row, following a steep 2% drop in April. April's drop was the largest since January 2011. The US Commerce Department states that May construction spending dropped 0.8%. The drop indicates that...
Cities are mankind’s most enduring and stable mode of social organization, outlasting all empires and nations over which they have presided...it is not population or territorial size that drives world-city status, but economic weight, proximity to zones of growth, political stability, and attractiveness for foreign capital. In other words, connectivity matters more than size. Cities thus deserve more nuanced treatment on our maps than simply as homogeneous black dots. — Quartz
Global strategist Parag Khanna gives his outlook on the economic future of the world's megacities.More on Archinect:Connectivity, not territory: why we need to make a new map for the USHow neoliberalism is changing us (for the worse)These are the most economically distressed cities in the United...
We tend to perceive our identities as stable and largely separate from outside forces. But over decades of research and therapeutic practice, I have become convinced that economic change is having a profound effect not only on our values but also on our personalities. Thirty years of neoliberalism, free-market forces and privatisation have taken their toll, as relentless pressure to achieve has become normative. — Paul Verhaeghe | the Guardian
"If you’re reading this sceptically, I put this simple statement to you: meritocratic neoliberalism favours certain personality traits and penalises others."In this op-ed, Paul Verhaeghe asserts that neoliberalism has weakened social ties and pitted workers against one another in a...
In the old days of policymaking by aphorism—give a man a fish, feed him for a day!—simply handing money to the poor was considered an obviously bad idea. How naïve—you can’t just give people money. They’ll stop trying! They’ll just get drunk! The underlying assumption was that the poor weren’t good at making decisions for themselves: Experts had to make the decisions for them.
As it turns out, that assumption was wrong. — Slate
"[...] GiveDirectly, has decided to try to permanently end extreme poverty across dozens of villages and thousands of people in Kenya by guaranteeing them an ongoing income high enough to meet their basic needs—a universal basic income, or basic income guarantee."[Update: according to...
Ugh, forgot I’m working for a dude.
I wonder if the dude has a family.
Weird how I know all the female architects’ parental statuses but I don’t know the dudes’.
I should stop referring to GREATEST ARCHITECT OF ALL TIME as “dude,” even in my head. Begin referring to him as GOAT. (Greatest Of All Time.)
Why is the subway late? Should I walk? If I walk I’m gonna get sweaty. — CommonEdge
While this fictional young architecture intern may confuse pandas with penumbras, she doesn't seem to have any problems affording her new internship for the "Greatest Architect of All Time."That's not the case for all interns, however. For a look at the economics of...
While cities like Dallas and San Francisco have rebounded strongly since the recession, many other places are still struggling for economic growth and prosperity. As time goes on, we're seeing a divergence between successful parts of the country and the non-successful parts.
More than 50 million Americans live in "distressed" ZIP codes, according to a new report from the Economic Innovation Group, a Washington D.C. think-tank. — Fast.Co Exist
"These areas—largely concentrated in the South, Southwest, and the Rust Belt—are suffering a "recovery gap" driven by low home investment, shuttering businesses, and poor job opportunities."According to the report, economic opportunities are intimately tethered to geography in the United...
People caught running unlicensed apartments through websites will be offered the chance to have 80% of their fine canceled if they allow the city council to use the apartment as social accommodation for three years...When the three years are up the landlord [can] either pay off the fine through his or her own funds and reclaim possession of the apartment or continue offering the property as social accommodation until the council receives the equivalent of full payment of the fine. — Business Insider
More on Archinect:Airbnb now open for business in Cuba, despite anemic internet accessAirbnb rentals cut deep into San Francisco housing stock, report saysMonterey Park City Council adopts tougher penalties for landlords of illegal boarding homesAirbnb celebrates London's Deregulation Act with...
Slapped in the face is exactly how many Venetians are feeling by the tidal wave of new money. And the local tech boom, prompting 'Silicon Beach' references around town, is just one source of it — The Washington Post
More on Archinect:The rise and spectacular fall of Venice Beach's Pacific Ocean ParkAre apps the virtual gateway to physical gentrification?Oren Safdie's play "False Solution" finishes up its 3-week run this weekend in Santa MonicaThose hipster millennials might not be the true gentrifiers of U.S...
After a boom in construction and investment in real estate projects in recent years, work is drying up amid a slowdown in the world’s second largest economy. Property developers are cutting back on new projects, and with construction starts down 16% in the first half this year from a year ago, many firms are cutting salaries or letting staff go. [...]
“We are adjusting to a slower pace of urbanization in China with a recovery of the American and Middle East markets” — blogs.wsj.com
More from the architecture market in China:How the "Chinese Steve Jobs" is trying to build the ideal cityConstruction stalled on 'world's tallest building', so locals made its foundation into a fish farmA landscape architect just joined China's roster of billionairesChinese prefab company builds a...
'When these [2007 Pan Am] venues were built the government told Brazilians that these would be Olympic-ready, and there would be a rather smooth and efficient transition to eventually hosting the Olympics,' explained Rio-based reporter Taylor Barnes...'But, these venues have instead had some pretty checkered after-lives.' — pri.org
Despite a murky past of broken promises in addition to recent water-safety concerns and rampant economic turmoil, Rio de Janeiro Mayor Eduardo Paes claims construction of the venues are on schedule and will be delivered on time for the 2016 Olympics -- which will begin one year from now. Public...
When an NFL team wants to build a new stadium, it often argues that the facility would boost the local economy.
But that is not true, says Roger Noll, a Stanford professor emeritus in economics. [...]
"NFL stadiums do not generate significant local economic growth, and the incremental tax revenue is not sufficient to cover any significant financial contribution by the city," said Noll, a senior fellow at the Stanford Institute for Economic Policy Research. — stanford.edu
Housing advocates have long debated the merits of moving low-income families from high-poverty urban areas to suburbs like Glenview. The move can be challenging for families, who leave behind family and friends and enter a new, affluent world. But the research is increasingly conclusive: Living in a 'good' zip code dramatically improves kids’ chances of going to college, getting a good job, and escaping poverty. — The Atlantic
More on Archinect:Chicago to offer $5-per-year bike shares to low-income residentsNew Urbanism takes over Chicago’s suburbsChicago's iconic Marina City could be headed for landmark statusLocals welcome The 606, a.k.a. Chicago's "High Line", but anxiety for its future remainsSarah Herda...
Recent research by Pew showed that half of the 20- to 34-year-olds polled did not expect to be living in [Philadelphia] in five to 10 years, largely because of concerns about education and career opportunities (the ones that never knock).
I love Philadelphia, it has become my home. But what will happen if the bulk of today’s middle class follows their parents and trickles out to the suburbs? — psmag.com
As money has piled up in recent decades, Chinese are turning to culture and the country is in a museum-building boom. Last year one museum was built every day on average, though the rush has since “slowed” to about one every three days, says Cathy Giangrande, co-author with Miriam Clifford and Antony White of the “Chinese Museums Association Guide,” an updated version of their 2009 book “China: Museums.” — NY Times
You can’t build your way out of congestion. It’s the roads themselves that cause traffic. The concept is called induced demand, which is economist-speak for when increasing the supply of something (like roads) makes people want that thing even more. [...]
What [economists] Turner and Duranton (and many others who’d like to see more rational transportation policy) actually advocate is known as congestion pricing. This means raising the price of driving on a road when demand is high. — wired.com
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