Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
What frustrates Hanna Newberg about her life right now isn’t just that she’s working as a waitress at a chain restaurant or renting a small apartment in western Massachusetts. The problem, Newberg says, is that she did everything she was told she was supposed to do — went to college, went to graduate school —…
How Much (Or Little) The Middle Class Makes, In 30 U.S. Cities “My family’s household income is $250,000 a year, but I promise you I am middle class.” That’s from a recent article in a college newspaper by a student who grew up in Silicon Valley. And it’s the kind of thing you hear pretty…
An economist with the Rand Corporation argues that Los Angeles’ fast-food ban failed because it merely blocked new construction or expansion of “stand-alone fast-food” restaurants in neighborhoods where that style of restaurant was uncommon to begin with. David McNew/Getty Images hide caption itoggle caption David McNew/Getty Images An economist with the Rand Corporation argues that…
A year and a half ago, Skye van Merkensteijn was shooting hoops with a friend who lives at the Aldyn, a condominium-rental hybrid on Riverside Boulevard with its own indoor basketball court, climbing wall and bowling alley. Thirteen-year-old Skye was impressed — and envious. Well, his worldly pal told him, he just happened to know…
Story highlights David Wheeler: Silicon Valley doesn’t create jobs; it’s wiping out middle-class jobs Young college graduates are struggling with lack of jobs, yet many still idolize Silicon Valley Silicon Valley is tossing millennials aside like yesterday’s laptop. The commonly held belief is that with hard work and a good education, a young person in…
This statistic provides a pretty compelling snapshot of the severity of our income gap: In 2014, Wall Street’s bonus pool was roughly double the combined earnings of all Americans working full-time jobs at minimum wage. That sobering tidbit came from a new Institute for Policy Studies report by Sarah Anderson, who looked at new figures from the…
Late last week, we reported that the average Wall Street bonus totaled nearly $173,000 in 2014. Altogether, New York City’s nearly 170,000 securities industry employees took home $28.5 billion in bonuses, according to the New York Office of the State Comptroller. Shortly after the release, the left-leaning Institute for Policy Studies released a report showing that those…
Continue reading the main story Slide Show close media-action-overlay close image Assembling Micro-apartments CreditChang W. Lee/The New York Times Continue reading the main story Continue reading the main story Enter neighborhood, city, zip or address Select minimum price Min Price100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 500,000 550,000 600,000 650,000 700,000 750,000 800,000 850,000…
No zoning nonsense here FOR a view of Houston’s economy, get in a car. At the intersection of the Loop and Freeway 225, two motorways in the south-east of the city, you drive over a high, tangled overpass. To the east, where the port of Houston sits on Buffalo Bayou, the skyline is an endless…
It’s not only the just-released University of Michigan consumer confidence report and February retail sales on Thursday that surprised economists and investors with another dose of underwhelming news. Overall, U.S. economic data have been falling short of prognosticators’ expectations by the most in six years. The Bloomberg ECO U.S. Surprise Index, which measures whether data beat or miss forecasts, fell…