Category Archives: cities

The Downside of Road Tolling

Peter Swan and Michael Belzer don’t think much of toll-road privatization. If you hike road tolls to maximize profits, they say, then you end up with a large number of trucks taking second-best routes – something which is inefficient, unpleasant, … Continue reading

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Against Traffic Lights

Roundabouts (traffic circles) are great. But traffic can be astonishingly good at navigating busy intersections even in their absence, and even without traffic lights. The point is that the absence of any traffic lights forces drivers to slow down and … Continue reading

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New York’s New Subway Math

The NYT has a good article this morning on the “new subway math” – the way in which anybody refilling their MetroCard is going to have to do some rather recondite calculations in order to ensure they don’t end up … Continue reading

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Why Bloomberg Should Embrace Cap-and-Trade

Michael Bloomberg is not a man to shy away from brainless cliché: "cities are increasingly becoming incubators of change and drivers of innovation," he blathers meaninglessly in the Economist. But at least he’s on the side of the angels when … Continue reading

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How Trading Floor Availability Creates Financial Districts

John Gapper says that "something about financial centres seems to make them split into different districts" – citing West Kowloon in Hong Kong and Canary Wharf in London as financial districts which have sprung up as alternatives to the historic … Continue reading

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Good Ideas on NYC Congestion

Brad Aaron has news of developments with NYC’s congestion pricing plan. If you recall, the mayor put forward a proposal which now needs to be ratified by a whole bunch of constituencies, including the city and state legislatures. But before … Continue reading

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The USA’s Ridiculous Border Controls

In order to keep New York attractive as an international financial center, it has to be reasonably easy for foreigners to get in and out. Not that the Department of Homeland Security seems to care. Already taking two fingerprints from … Continue reading

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Privatizing the Sidewalk

Matt Cooper says that he is "not a privatize-the-sidewalks kind of guy". Why not? It seems to be working pretty well in New York: A 150-square-foot sidewalk berth anywhere between 96th Street and Canal Street costs $4,749.29 annually, about $31 … Continue reading

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Adventures in Alternative Investments, Medallion Edition

“This is one of the best investments — better than Merrill Lynch, which is going down the drain,” said a driver, Mahmoud Sadakah, 42. “This is a guaranteed investment, because it will never go down.” The market in NYC taxi … Continue reading

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Expensive Cities

Tim Harford addresses the perennial cost-of-living question: how come Moscow always seems to come top? Or, as his reader puts it, Just wanted to ask if there is an economic explanation for the fact that real estate in cities in … Continue reading

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Buffalo: Doomed, or Part of an Economic Powerhouse?

Richard Florida doesn’t explicitly mention Ed Glaeser in his column today in the Toronto Globe & Mail, but it can easily be read as a direct response to Glaeser’s pessimistic view of Buffalo in City Journal. Glaeser says that any … Continue reading

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New York Needs Chinese Business Travelers

Justin Fox knows what needs to be done to keep New York competitive with London as a financial center: The immigration people at Heathrow are polite to non-UK-citizens and usually get them through the line very quickly. I know that … Continue reading

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Municipalities May Suffer Subprime Fallout

Yves Smith of Naked Capitalism submits: Gillian Tett, in “Credit compass fails to work,” in the Financial Times (subscription required), uses the woes suffered by monoline insurers such as MBIA and Ambac to illustrate that in our current credit crunch, … Continue reading

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New York City Gets Federal Congestion Pricing Funds

Great news today: despite the city missing the application deadline, the federal
government has awarded
New York City $354 million
for its congestion pricing plan.
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Overcoming Bias in Crowdsourcing

Aaron Naparstek reports
that "WNYC’s Brian Lehrer wants to know how many
SUV’s there are on your block."
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Congestion Pricing is Important

Yesterday, the New York congestion
pricing deal
was big news.
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New York Congestion Pricing: It’s Alive!

Aaron Naparstek of Streetsblog has details
of the congestion-pricing deal
which was struck in Albany today, and I have
to say it’s a good one.
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New York State’s Mind-Boggling Economic Irrationality

I said
back in 2003 that New York behaves much like a dysfunctional Latin American
nation. Since then, most Latin nations have got their act together, certainly
in terms of fiscal policy. New York, meanwhile, has gotten precisely nowhere.
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Two Views of Congestion Pricing

Does subway congestion make congestion pricing more problematic, or does it, on the other hand, make congestion pricing more necessary?
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Comparing Economies

New Amsterdam (a/k/a New York) is
indeed more similar to Old Amsterdam than it is to Amsterdam,
Missouri
(median household income: $29,821) or Amsterdam,
Ohio
(median household income: $24,583).
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Monday Links Do The Twist

Enough links to keep anybody happy for at least an hour.
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US Population Density Datapoint of the Day

"If every American were given a house on a quarter acre, so that every
family of four had a full acre, that distribution would not use up half the
land in Texas."
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How Car Mileage Demonstrates Problems With a Carbon Tax

Cars now struggle to achieve the mileage of 20 years ago.
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How to Reduce Congestion: Build More Roads?

Building more roads might (or might not) reduce congestion. But mass transit allows much higher population densities, and a city with a high population density will be more vibrant, more economically productive, and more environmentally friendly.
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The Bloomberg-Livingstone love-in

There was quite a love-in this afternoon between "Red" Ken
Livingstone
, one of England’s most popular left-wingers, and billionaire
Mike Bloomberg
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