Thursday, November 6, 2008

Morning Articles

Leinberger on Atlanta's devolution and (r)evolution:
The city of Atlanta had been losing population since 1960 in spite of rapid metropolitan growth. That changed in the 1990s and has phenomenally accelerated this decade. The city is now among the top 10 fastest-growing cities in the country.
Quantitative growth vs. Qualitative.
There will be losers. Certain fringe, drivable-only suburbs will find themselves too far out and unaffordable to drive there and back for every trip from the house. The emerging demographic trends show that the vast majority of households created over the next 20 years will be singles and couples. Most of these households will eschew the Ozzie and Harriett houses on the fringe, preferring the many options offered that are walkable or a close transit ride away from home. The end of the “drive until you qualify” housing will mean Atlanta needs a conscious strategy to provide work force and affordable housing.
NYT: David Brooks on the next generation of leaders:

In the next few years, the nation’s wealth will either stagnate or shrink. The fiscal squeeze will grow severe. There will be fiercer struggles over scarce resources, starker divisions along factional lines. The challenge for the next president will be to cushion the pain of the current recession while at the same time trying to build a solid fiscal foundation so the country can thrive at some point in the future.

We’re probably entering a period, in other words, in which smart young liberals meet a stone-cold scarcity that they do not seem to recognize or have a plan for.

In an age of transition, the children are left to grapple with the burdens of their elders.
I have a problem with Baby Boomers projecting their own ideals onto other generations. He's basically calling Millenials ill-prepared spoiled brats. While, yes, that can be said about them in childhood, Millenials are showing quite the propensity for adaptation into more flexible living habits: eschewing the boring suburbia for the energetic city, buying vespas rather than hummers because they are both more fun and affordable, giving up monocultures to live with a roommate out of necessity that may be different from them (a forced acceptance - we're too poor to be intolerant if you will).

This is a generation emerging into adulthood/the workforce buried in student loans and preditory credit lending. We seem to forget that tuition and student loans spiked similarly to the housing bubble but noone seems to pay any mind. Oh well, force the burden on the younger generations and we'll just muddle through it and come out the other side.

Think about how many students we could have sent through college for $750 billion, better preparing the new work force for future green-tech jobs. Or, paying off their (my!) student loans, so the younger generation can actually keep their heads above water, build a future. But, I'm not asking for a bailout.

I'll just go ahead and speak for the generation and say, "we don't need your stinking bailouts," because we are going to reshape the world for the better and it started on Nov. 4th with all those twenty- and thirty-somethings in Obama's war room and out knocking on doors in neighborhoods boomers wouldn't be caught dead.