How Not to Save Our Failing Cities

As ever-larger American cities jockey to be the next big municipal bankruptcy, it's tempting for city leaders to look for that "magic bullet" to lift their crumbling burgs back to prosperity.

As ever-larger American cities jockey to be the next big municipal bankruptcy, it's tempting for city leaders to look for that "magic bullet" to lift their crumbling burgs back to prosperity.

As the huge (largest-ever in Brooklyn) and controversial Atlantic Yards development project, adjacent to some of Brooklyn's most bobo-filled enclaves, makes further progress, the level of hysteria rises and rises. The latest story has a group of Park Slope residents freaking out about a new bar opening in their…
Yesterday afternoon, coming back from "lunch" at Shark Bar, I noticed a crowd clustered along Spring Street. A young man, probably in his early to mid-twenties, had apparently been hit by a car. His neck was bent at an odd angle, and someone was in the street with him holding a roll of paper towels, trying to mop up…
We don't know what it says about our job—actually, we know exactly what it says about our job: It blows—that we were excited for jury duty, but there you have it. Three days without work where we could get up at the relatively late hour of eight and sit around reading the newspaper without thinking, "Oh, I have to…
I am an American, New York-born. John Lindsay's name is on my birth certificate (although not as a claim to paternity). I've spent the majority of my life in this area. And like so many of us here in town, I've never been to the top of the Empire State Building, because, you know, it's for tourists. Also, who gives…
At the end of last week the Financial Times ran an amusing "Dear Economist..." column. The premise of the feature is that it's a tongue-in-cheek advice piece from an economic perspective. Anyway, a gentlemen wrote that, as an immigrant in London, he always carries an umbrella with him, though the natives do not. When…