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Councilor Feeney, invite some firefighters to your forum.
/0 Comments/in Better Government, Blog, News /byThe Globe’s Juxtaposition Desk is really on the ball this morning. Right below an investigative piece on alleged abuses of the firefighters’ pension system, there’s a bit about Councilor Maureen Feeney’s wish for a “New England-style town meeting” in Boston. Great idea. Once the Convention Center is packed with ordinary Bostonians – all, presumably, asking for better services or lower taxes – please get some representative of the firefighters or the city up on the dais. And please, someone wave a Pioneer White Paper on pension abuse and mismanagement at that public servant. Ask if the city can distinguish citizens’ interests from those of its employees. I promise that Research Director Steve Poftak will autograph that White Paper, if not […]
New Business Creation and The Urban Economy
/0 Comments/in Economic Opportunity, News /by Editorial StaffAuthor(s): John H. Friar — Publication date: 2008-02-28 Category: Economic Opportunity Abstract: Policymakers have long grappled with the challenge of revitalizing cities whose economies have declined as manufacturing jobs moved elsewhere. Older industrial cities’ economic woes have compounded other problems, including municipal budget crises, struggling schools, high crime rates, and persistent poverty. [wpdm_package id=79]
The Knock-on Effect of the Subprime Mess
/2 Comments/in Better Government, Blog, Blog: Better Government, Economic Opportunity /byI attended the Finance Advisory Board meeting last week and one of the new appointees to the Board, Robert McConnaughey, (who replaced the previous incompetent), raised an interesting and insightful point — how will downgrades to bond insurers impact public sector debt? To unpack his question a bit — much public sector (i.e. municipalities, authorities, states, etc.) debt is enhanced with bond insurance, which provides a higher bond rating and reduces borrowing costs. If these bond insurers themselves get downgraded (largely as a result of exposure to bad subprime debt that they insured), it flows through the market and affects the bonds that they insured. Mr. McConnaughey’s question is already looking even more timely. S&P just downgraded a major bond […]
Stack em high
/0 Comments/in Blog, Economic Opportunity, Housing, Related Education Blogs /by Scott W. Graves and Micaela DawsonWhat level of concentration of poverty is the right amount? Is it right for the state to create destination cities for the poor? As it stands, the state will, whenever possible, place the poor it is “helping” in areas of cities where housing values are extremely low in order to maximize their own ability to give people shelter. Seems to be right from the immediate bean-counting standpoint, but if you think about it, it can create a death spiral for cities, which are already deep in the trough fiscally. Let’s start with the numbers. In Massachusetts, the following Middle Cities have easily met their “state target for affordable housing”: Holyoke – 21% Springfield – 17% Lawrence – 15% Worcester – […]
There are no other issues. This is the issue.
/0 Comments/in Better Government, Blog, News, Related Education Blogs /by Liam DayAt a critical moment in The Verdict perhaps the best Boston movie ever made (considerably better, anyway, than the wildly overrated The Departed), Paul Newman’s character, a Boston defense attorney, is advised by his mentor (played by the incomparable Jack Warden, who, as you movie buffs out there may know, played the grandfather in one of the all time great cheesy movies, Problem Child) that there will be other cases. In response, Newman repeats over and over, more to himself than to Jack Warden, that “There are no other cases. This is the case. There are no other cases. This is the case.” I was reminded of this scene this morning reading Ed Moscovitch’s op-ed in the Boston Herald, Soaring […]