Progressive state and local governments strive to build economies that create jobs, boost incomes, foster educational opportunity and strengthen government’s fiscal base. With continued congressional gridlock, the progressive agenda for these laboratories of democracy is more important than ever. Maryland Governor and former Baltimore Mayor Martin O’Malley discusses how states can secure the middle class and promote new and shared prosperity.
Read MoreAs the impact of recession lingers, low-income and working-class Americans struggle against the economic tide. Wages are declining and employment is stagnant. The 2012 elections only add to the uncertainty. What are the economic prospects for working families in New York and around the country? An insider’s experience of White House strategy and policy debates helps us make sense of the last two years, the coming 12 months, and beyond.
Read MoreLow-wage jobs with few benefits are a fact of life in our intensely competitive economy. But today, millions of Americans in low-wage positions have little financial stability and even less hope of a secure retirement. What does this mean for society, for American politics, for our economic future? Is there any hope for policy solutions that spur collaboration between labor and business, Democrats and Republicans, to create more high-quality jobs and financial security for entire generations?
Read MoreMayors and city governments want to promote economic growth to fill coffers, pay for services and raise incomes. But what about growth that corrects social injustices like persistent inequality, racial and ethnic segregation? Can growth instead be harnessed to support equality, diversity and a higher quality of life for everyone? Harvard Professor Susan Fainstein speaks about her new book, The Just City.
Read MoreThere will be a new governor next year, but is Albany likely to change? New York State’s turbulent politics and bleak fiscal situation have made this year’s budget among the more difficult in recent history. Lieutenant Governor Ravitch attempted to mobilize long-term fiscal accountability, but the Paterson administration chose a different path to attempt fiscal control.
Read MoreTwo years after Lehman Brothers filed for bankruptcy and the US economy slid into its Great Recession, can New York and the nation depend on a stable financial sector and more effective government oversight?
Read MoreAs North American cities cope with the impacts of global warming and the economic crisis, leadership for meaningful long-term change remains elusive. Can government take charge of the climate change response despite intensifying political and economic constraints? Is the desire for profit enough to drive businesses to provide a substantial and concrete response?
Read MoreA new FDIC study finds that seven of every 20 New York households is “underbanked.” In most cases, these are low-income, minority and single-parent households that either have no bank accounts or rely heavily on alternative financial services such as payday lenders and pawn shops. Such families can pay exorbitant fees and interest, are at greater risk of robbery, and often can’t borrow because they have no credit history.
Read MoreAs New York City struggles with the great recession, infrastructure development and renewal promise new jobs and long-term growth. Transportation, energy, high technology and communication infrastructure projects are all planned and funded. How quickly will they provide new jobs? Are they already?
Read MoreThe libertarian model asserts that heavy state intervention in the economy is a threat to human liberty. But the recent history of market-based democracies has shown almost the reverse. The supposedly “small-state” model of the US has instead opened the door to massive inequalities of income, wealth and power.
Read MoreSome critics blame the Community Reinvestment Act for the mortgage meltdown that prompted the current deep recession. Others point to the abuses of subprime lending and Wall Street manipulation. Yet questions about the impact of the economic collapse on African American communities remain unanswered.
Read MoreThe current economic turmoil is taking a tremendous toll. Home foreclosures are common, market-rate condominium sales have stalled, owners of over-leveraged developments are defaulting, and unemployment is rising. This panel, hosted by the Center for New York City Affairs, explores the impact of the economic crisis on New York City housing by considering questions like the following: How are neighborhoods faring in the recession?
Read MoreLike New York, most states face deepening budget gaps and are slashing education and human services. Nationwide, states pour $50 billion a year into incarceration. New York led the way in expanding its prison system more than 25 years ago; should it lead the way in the other direction today? Will the federal government take a new approach to criminal justice in an Obama administration?
Read MoreThe boom is over, and the city’s families and neighborhoods are beginning to feel the consequences. Mayor Bloomberg managed seven years of rapid budget growth but now, as he prepares a run for a third term, the city faces potentially massive shortfalls. How fast and how hard will a sputtering economy and shrinking revenues hit city services?
Read MoreSpace for new development is severely restricted in the New York metro region. While industrial uses of the waterfront continue to decline, there are still port jobs at stake and a thriving import/export industry. How can the city and region plan for the best use of the New York and New Jersey waterfronts, to benefit communities and the wider economy?
Read MoreAcross the U.S., labor and political leaders advocate investment in a green economic recovery to boost employment and address climate change. Last year, Congress passed the Green Jobs Act which, if fully funded, would allocate $125 million to train workers in green trades. The Presidential candidates have sought even greater investments in green infrastructure.
Read MoreForeclosures are rampant in Newark’s working-class neighborhoods as the credit crisis and economic slowdown threaten the city’s commercial recovery. What will it take to stabilize and invigorate a growth economy and new employment opportunities in a city that is New York’s largest urban neighbor?
Read MoreThe city’s economy is slowing and construction costs remain extraordinarily high, but the Bloomberg administration still has its sights set on far-reaching development projects. Will New York be able to maintain its fast pace of residential and commercial renewal? How are neighborhoods responding to zoning changes intended to spur growth?
Read MoreNew York has long depended on subsidy programs to facilitate affordable housing development. But because most such incentives sunset over time, tens of thousands of units have reverted to market rate over the last decade, and 15,000 more may do so in the near future. What strategies and regulatory structures can be put in place to assure affordability not just for the present, but the future as well?
Read MoreOn July 1, 2008, New York City emerged from 30 years of financial oversight by the state with the expiration of key provisions of the 1978 Financial Emergency Act. What does this pivotal event in the city’s fiscal history mean for the future of the nation’s fourth largest governmental budget? What requirements will sunset, and what procedures will remain in place?
Read More