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This company is building backyard homes at no cost to Los Angeles homeowners

March 17th, 2020 at 10:45 am » Comments Off

Crews build an ADU in the backyard of the McCauley residence in Gramercy Park. But homeowners have to be willing to rent out the units. Davita and Martin McCauley were starting to think about how, in the years to come, they would care for her mother as she aged . The McCauleys own a classic World […]



Look to cities, not nation-states, to solve our biggest challenges

February 4th, 2020 at 12:17 pm » Comments Off

Los Angeles’ economy is bigger than that of many nation states. This article is part of the World Economic Forum Annual Meeting The world in 2020 is looking more turbulent and uncertain than ever. Powerful economic, demographic and technological forces are rewiring international politics. According to the World Economic Forum’s new Global Risks Report, structural […]



Why Manhattan’s skyscrapers are empty

January 26th, 2020 at 5:10 pm » Comments Off

Approximately half of the luxury-condo units that have come onto the market in the past five years are still unsold. In Manhattan, the homeless shelters are full, and the luxury skyscrapers are vacant. Such is the tale of two cities within America’s largest metro. Even as 80,000 people sleep in New York City’s shelters or […]



The geography of gender: where women work, economies grow

January 5th, 2020 at 11:46 am » Comments Off

Women from a single mothers’ association sweep rice at their processing plant in the town of Bolgatanga, Ghana. Our world is full of brilliant possibilities. But they’re not always open to everyone. The opportunities for women to contribute to the global economy are intrinsically linked to where in the world they are born and reach […]



The coming boom in Millennial wealth

December 31st, 2019 at 12:41 pm » Comments Off

  Historically, much written on Millennials has focused on economic strife and crushing student loan debt. While, as with virtually every other generation in history, many Millennials have struggled financially during their youth, a new report from youth marketing experts YPulse makes four predictions that are suggestive of a significant turnaround being on the horizon. […]



Boomer homes to flood US market, but who will buy them?

December 1st, 2019 at 12:48 pm » Comments Off

Baby Boomer home sales will flood the housing market: Report Baby Boomers’ homes will be sold on a large scale over the next 20 years, but with millennials refraining from home ownership, who will be buying them? The U.S. housing market is on the verge of being inundated with homes for sale on a scale […]



European Millennials are not like their American counterparts

October 5th, 2019 at 12:39 pm » Comments Off

Under-30s in Europe are more disposed than their parents are to view poverty as a result of an individual’s choice. In public perception, age is often related to political views. “Not to be a republican at 20 is proof of want of heart; to be one at 30 is proof of want of head,” the […]



Co-working spaces pose threat to commercial real estate market, Fed official says

September 27th, 2019 at 1:47 am » Comments Off

LaunchBio CEO Joan Siefert Rose leads a tour of life sciences co-working lab, BioLabs NC. The growing popularity of co-working spaces like WeWork could pose a risk to the US economy in the next economic downturn, a Fed official warned on Friday. Boston Federal Reserve Bank President Eric Rosengren, who has publicly dissented with the […]



Australia is on the brink of a housing collapse that resembles 2008

April 14th, 2019 at 2:03 pm » Comments Off

The U.S. has been an “island of stability” as economic woes grow all over the world. Other such islands exist, too. Australia is high on the list. The last Down Under recession was 27—yes, 27—years ago in 1991. No other developed economy can say the same. The long streak has a lot to do with […]



Looking to the future, public sees an America in decline on many fronts

April 1st, 2019 at 11:41 am » Comments Off

Majorities predict a weaker economy, a growing income divide, a degraded environment and a broken political system Public is broadly pessimistic about the future of AmericaWhen Americans peer 30 years into the future, they see a country in decline economically, politically and on the world stage. While a narrow majority of the public (56%) say […]



Study suggests a key assumption of economic theory may be wrong.

March 1st, 2019 at 12:15 pm » Comments Off

The concept of equilibrium, one of the most central ideas in economics and one of the core assumptions in the vast majority of economic models, may have serious problems, concludes a study from the Institute for New Economic Thinking at the Oxford Martin School.



The end of work: The consequences of an economic singularity

February 20th, 2019 at 12:22 pm » Comments Off

Today, we are no longer confined to what nature or natural intelligence must offer. From the steam engine to electricity and digital transformations to artificial intelligence, molecular manufacturing and bioengineering, each new transformative innovation has brought us a new (man-made) way of doing things in ways that nature did not provide for. As new ways […]



Five Scenarios for a techno apocalypse