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The Frontal Cortex : Urban Innovation
Jonah Lehrer discusses Ed Glaeser's recent post in the NYT blog on NYC and why it's "America's most resilient city." Lots of great points, interesting comments thread, too. Closing line by Lehrer nails it.
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Add Sticky NoteThis is why I smirk when I read about cities like Orlando, Florida trying to jump start innovation with a bevy of tax credits for high-tech businesses. These places don't need more tax credits - they need more coffee houses and crowded sidewalks.
- well said! - on 2009-01-01
Beyond the Bailout - New Thinking Required - Creative Class » Blog Archive »
Richard Florida makes the argument that Fordism -- or Fordist thinking -- lies behind some of our economic woes at present, and that we have to get past that paradigm. I left a comment re. this article ( http://www.wsoctv.com/automotive/17945476/detail.html#- ), "Falling Gas Prices Jump-Start GM SUV Sales; Automaker Puts Texas Plant On Overtime Amid Other Closures," published a week ago (11/10/08). The automobile industry shouldn't be bailed out without significant guarantees from the industry that it will embrace environmentally progressive goals.
"Class Politics" Richard Florida, Creative Class Blog
Fascinating (possibly scary?) piece by Florida on how Obama's win could still fan the flames of an ugly backlash from the right that may be more convulsive and destructive than the current economic / financial meltdown. Florida factors in some data around demographic changes due to the creative economy (linked to democratic/ Obama politics), to paint a picture of a potentially very divided country.
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When people like Colin Powell say Mr. Obama is a “transformational figure,” they’re suggesting that an Obama administration can somehow heal the deep divisions within the American electorate and move the country forward, the way Franklin D. Roosevelt did during the Great Depression. And certainly projected Democratic majorities in Congress make that kind of transformation appear plausible.
<!-- end #inTP -->I wish that would happen. But I doubt it will, and the reason is simple: The divisions run too deep. The realignment that propelled and kept FDR in office is not happening today. American politics is distinguished today by shifting electoral coalitions, candidate-centered elections, and what some political scientists call de-alignment. America isn’t just suffering from political polarization, but a burgeoning economic divide and class war.
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Since then, 20 million jobs in the creative sector have been created, and the ranks of what I call the creative class have grown to 40 million - nearly a third of the work force. That group has become powerful in American politics, and it is squarely behind Mr. Obama. New York Times columnist David Brooks recently reported that Republicans have all but lost creative professionals working in law, medicine, and high technology.
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Creative Class » Blog Archive » The Nature of This Crisis Matters - Creative Class
A sobering assessment of current bail-out strategies and why they could well fail, by Martin Kenney.
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when the Treasury/Fed say they will bail out banks, they only mean a few key banks and leave the rest to their own devices (there is evidence for this suspicion as the large regional banks such as Sun Trust and Zion did not participate in the huge rally on Monday). So, which banks will be bailed out? My guess is Goldman Sachs (Paulson and Robert Rubin’s ex-employer), Citi, JPMorgan Chase, Bank of America, and a few others (did Wells Fargo buy Wachovia so that it could enter this charmed circle?). P.S. - We now have confirmation of which firms are being bailed out: JPMorgan, Goldman, Citi, BoA, Wells Fargo, Merrill Lynch, Morgan Stanley, State Street Bank [thank you Barney Frank], Bank of NY Mellon [thank you Hillary and Schumer].
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The forces of globalization are still underway and, as many of have been saying, they are putting downward pressure on incomes in the developed nations, which, of course, are the consumers of the products of the developing nations. A small telltale of this, IBM announced dramatically increased profits on only slightly higher sales. My guess is that these profits were made by substituting low-cost developing world service providers for their high-cost developing nation employees. This dynamic will continue putting pressure on wages in the developed nations and contributing to a deflationary dynamic.
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AURP Releases National Strategy for Building America's Communities of Innovation
AURP (Association of University Research Parks) "offers a series of urgent recommendations for the U.S. Government, so that it can more precisely support American innovation and American innovators with both economic and policy-based changes." (See article for proposal targets.)
Does this apply to university research parks in Canada, too?
Interesting references to the importance of place and the creative class.
See this PDF for "The Power of Place": http://www.aurpcanada.ca/pdf/AURP%20The%20Power%20of%20Place_Final.pdf (via www.aurpcanada.ca)
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From establishing the first research park in
the world, to building world-class research universities and federal
laboratories while pioneering technology transfer and patent reform for
public-private research partnerships, the U.S. has led the world in attracting
research talent, funding scientific advances, and commercializing new
discoveries. -
The United States is losing ground competitively. The ambitious entrepreneurs
and scientists who are willing to invest time and money into an idea are being
lost at a staggering pace to other countries. These foreign governments provide
incentives for this U.S. human capital to uproot and move. These individuals
find that the challenge of surviving in a foreign country is outweighed by the
tremendous economic benefit these foreign communities provide. - 4 more annotations...
"I Purchase, Therefore I Am," by Richard Florida - Creative Class blog
Great entry by Richard Florida, which underscores the connection between suburbanization, reliance on cheap gasoline, consumption, and using housing/ real estate as a "piggy bank" that one could always raid to get money to buy more stuff. See entry, and annotations/ highlights.
I added a comment, in response to an existing comment by Wendy Waters, and then a second one in response to Kwende Kefentse.
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Most experts agree this is the worst financial meltdown since the Great Depression. The stock market is down almost 25 percent so far this year. Housing prices in the United States are off more than 20 per cent since their peak in 2006. Manufacturing output is falling and consumer confidence has slipped.
<!-- /Summary -->Martin Feldstein, former head of the National Bureau of Economic Research, past chairman of the Council of Economic Advisers and a Harvard economics professor - usually a voice of calming reassurance - wrote in The Wall Street Journal: “Sliding into recession, monetary policy already at maximum easing, and fiscal transfers impotent … an unenviable situation, to say the least, for any incoming president.”
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Where did this financial mess come from? And what does it mean?
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Be Nice to the 'Creative Class'! :: Views :: thetyee.ca
Why does one too often get the impression that publications like The Tyee are fighting a rear-guard and even anachronistic battle? That somehow, somewhere different patterns are emerging, which its journalists just don't see, preferring instead the familiar world of what they knew "back in the day"?
Night Life Reprogrammed - NYTimes.com
Everything is more intense in NYC, including the geek or nerd "party" scene (meet ups, tweet ups, "ignite" events, etc.). More people = more capital, in terms of creative energy and innovation. (And perhaps headaches... but that's another story...!)
Of course I'd love to figure out how to sustain a mini-version of this right here (Victoria). Vancouver works very hard at it -- but even in Vancouver (I'm told), it's the same people reappearing at the different events (i.e., nowhere near the critical mass of larger US metros). Part of the problem is enticing people to come out -- it's so easy to stay home, after all...
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IgniteNYC was just one of 12 tech events listed that evening
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Now, young Internet entrepreneurs, some holdouts from the old days and a few members of the city’s creative class (and underclass) are engaged in a new type of party, which mashes together Silicon Alley 1.0’s camaraderie and optimism, meetup.com’s spontaneity and informality, Burning Man’s home-brewed creativity, and a technology conference’s devotion to unveiling ideas.
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