At a time when pundits and political scientists were celebrating the end of history, pointing to an emerging Democratic majority and extolling the virtues of a flat world of globalization, she ominously predicted a coming age of urban crisis, mass amnesia, and populist backlash in her final work, Dark Age Ahead. Eerily prescient as always, rereading the 2005 book today serves as a survivors’ guide to the Age of Trump. — citylab.com
WHAT are the most dysfunctional parts of the global financial system? China’s banking industry, you might say, with its great wall of bad debts and state-sponsored cronyism. Or the euro zone’s taped-together single currency, which stretches across 19 different countries, each with its own debts and frail financial firms. Both are worrying. But if sheer size is your yardstick, nothing beats America’s housing market. — the Economist
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
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
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
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 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
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
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
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
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