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End of the Car as Status Symbol
Young Japanese men and women are ditching the car as a status symbol, sparking concern for car companies. That from this story in the Oregonian (via Planetizen). The same can be said of many young...
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Design and the Crisis
The New York Times notes that the crisis is turning design from decoration and frivolity to function. The pain of layoffs notwithstanding, the design world could stand to come down a notch or two —...
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NPR “All Things Considered” Interview
Tune in to Richard Florida’s interview with Robert Siegel which will air on NPR’s All Things Considered this afternoon, April 7. Up for discussion? The great reset – which Richard discussed in his The...
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Obama on Life after the Great Recession
David Leonhardt interviews President Barack Obama for the New York Times Sunday Magazine on the crisis and what the the financial system, economy, society, and life might look like on the other side....
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Why Class Still Matters
Class is a word that elicits strong, and sometimes strange, reactions from many Americans. Once a powerful construct understanding economies and societies, class has been all but banished from the...
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Toronto Rising
This headline over at Bloomberg today – “Wall Street Cedes to Toronto’s Bay Street” – sure caught my attention. Here’s the gist. Henry Michaels spent 25 years as an investment banker with New...
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Reset Not a Typical Recession
Check out the graph above via Catherine Rampell at The New York Times Economix (blog). It compares job losses in the current downturn to five previous recessions going back to the mid-1970s. The...
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The Homeownership Mirage
Is America’s system of homeownership just a mirage? That’s the question Wall Street Journal economics editor David Wessel asks. The graph below compares the the peak homeownership rate, the current...
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Paperback Edition of the Great Reset Available
A year ago, I published a book that argued that, for all the privations and dislocations of the economic crisis, it also provides us with the opportunity to make fundamental changes in our economy and...
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