Seizing the opportunity to make needed long-term investments in the face of a weak economy, 12 states and cities are launching innovative projects to preserve more than 70,000 affordable rental homes.
The new projects will assist military families in Maryland, seniors in rural Iowa and Vermont, low-wage workers in Florida and Oregon, and people who have been homeless in Los Angeles. They will promote energy efficiency in Pennsylvania, save distressed buildings in Minnesota, improve management of rental housing in Washington State, and ensure that rental homes are available in gentrifying areas near public transit in Denver.
With the stock of affordable rental housing disappearing at an alarming rate, MacArthur’s $32.5 million investment – $9.5 million in grants and an additional $23 million in low-interest loans – will leverage more than $147 million in other funding. The news was welcomed today by federal, state, and local housing officials across the country.
“These grants have spurred state and local innovation and leadership in the preservation of affordable housing,” said U.S. Department of Housing and Urban Development Secretary, Shaun L. Donovan. “At each grantee site, a representative of HUD has participated in developing the strategies and aligning efforts. It is my goal to make HUD a strong partner at the state and local level. The MacArthur Foundation should be commended for supporting partnerships across the government, private and nonprofit sectors.”
State and local governments in 40 states competed for MacArthur’s support, indicating broad, national interest in preserving affordable rental housing. The Foundation’s funding for these 12 projects is a part of MacArthur’s Window of Opportunity initiative, a $150 million, ten-year effort to preserve affordable rental homes across the nation. By investing in public sector initiatives such as these, the Foundation hopes to help create a wave of policy reform in cities and states that will make it possible to preserve one million homes this decade.
“For many years, the goal of home ownership has been emphasized in the U.S. and as a country we lost sight of the value of rental housing in a balanced national housing policy,” said MacArthur President Jonathan Fanton. “The end of the housing bubble and a wave of foreclosures have underscored the importance of affordable rental housing. We now have an opportunity to reset the policy agenda, restore rental housing to its proper place, and reshape the policy environment so that it both encourages rental housing preservation and makes it easier to do. State and local governments are at the forefront of this effort, showcasing innovation and trying fresh approaches.”
Almost all Americans are renters at some point in their lives. Today, about one in three households – home to more than 75 million people – rent their homes, a number that is rising because of the foreclosure crisis and overall weak market for home sales. Yet, the supply of affordable rental homes is shrinking. Over the last decade, more than one million affordable rental homes were lost due to demolition, conversion to condominiums, expiring government subsidies, and rapidly rising rents. An additional one million homes are expected to be lost in the decade ahead. For every affordable home built each year, two are lost. This means there are not enough affordable homes for millions of Americans all across the nation, not simply in urban areas.
Now, while housing prices decline, acquiring multi-family rental properties is becoming more affordable, enabling cities and states to use scarce dollars more efficiently and effectively. The average cost to preserve a home is half that of building a new one. Preserving affordable housing also provides a stimulus to local economies. For instance, each job supported or created through affordable housing development in Oregon generates another one and one half jobs, on average.
“We’re leveraging our mass transit expansion and ensuring that Denver residents of all income levels have access to affordable housing near these critical transportation corridors,” said Denver Mayor John Hickenlooper. “This creates important economic opportunities for our workforce and further strengthens the character and vitality of Denver’s neighborhoods.”
Examples of the 12 creative state and local projects include:
Denver – The City and County will establish a new loan fund for transit-oriented development that preserves affordable rental housing near existing and planned regional public transit stations. This investment will also help residents access job centers throughout the region. The Denver metropolitan area is undergoing the largest expansion in the nation of its public transit system.
Maryland – Military base closures and the related relocation of 40,000 households will increase pressure on rents in eight counties. The State will ensure that rental housing preservation is a key element of the region’s response to the base closures by identifying preservation opportunities and creating a compact among state and local housing leaders to align efforts.
Oregon & Portland – The City and State are expanding the Oregon Housing Acquisition Fund, a revolving loan fund created to finance the purchase of at-risk properties until permanent financing is available. Over the next five years, federal subsidy contracts will expire on 80 percent of Oregon’s privately-owned rental housing. Nearly one-quarter of these homes are located in Portland, where more than 2,700 families are waiting for rental assistance.
Pennsylvania – In the largest such effort in the nation, Pennsylvania will conduct comprehensive energy audits to determine the most appropriate and cost-effective improvements for increasing energy efficiency in rental homes. Results will help reduce anticipated 40 to 60 percent increases in utility expenses in affordable rental housing for some of Pennsylvania’s neediest families.
The MacArthur Foundation has a long history of commitment to affordable housing. Last year, the Foundation announced a $68 million investment in foreclosure prevention and mitigation in Chicago. The Foundation also supports a $25 million research program on how housing matters to families and communities. More information is available at www.macfound.org/housing.
Thursday, February 26, 2009
iSkoot Brings Real-Time Twitter to Consumer Handsets
iSkoot Kalaida(TM) Platform Helps Mobile Carriers Activate Twitter on Consumer Phones Along With Social Nets, E-Mail, and News
iSkoot, a mobile software pioneer known for groundbreaking mobile Internet calling solutions, today announced it has added support for the popular Twitter community to its innovative Kalaida mobile services platform, which can deliver real-time Internet functionality to almost any handset sold today.
Twitter's rapid updates and "micro-blogging" format have made it one of the world's fastest-growing social networks. By concentrating processing in the network, iSkoot's Kalaida platform lets consumer handsets connect to Twitter and other communications tools the way PCs do: all at once and in real time. A single sign-in activates all services to keep the experience simple while preserving handset resources and battery life.
"The Kalaida platform works with today's devices and networks to make even the simplest handsets smarter," said Mark Jacobstein, CEO of iSkoot. "We designed Kalaida to incorporate new services as quickly audiences engage with them, and we're very pleased to now make mobile access even easier for the millions of people who actively use Twitter worldwide
"Twitter is a dynamic and engaged community that's both online and mobile. We're excited to make it easier for all people to participate in the Twitter conversation wherever they go, no matter what type of phone they have," said iSkoot Senior Director of Product Management John Beckmann. "We've started with something simple, but will be adding new features soon and supporting more handsets, including BlackBerry."
Other services enabled on the Kalaida platform include full-time, real-time connection to social networks, personal e-mail, instant messaging, and leading news, sports, and entertainment feeds. Kalaida delivers a full spectrum of Internet services to a single live screen on the handset, eliminating the need for users to open a browser or application to access one service at a time. All services are delivered over available data connections, without requiring 3G or WiFi for optimal performance.
The iSkoot Kalaida platform currently supports more than 20 handsets from leading manufacturers including LG, Motorola, Nokia, Samsung, and SonyEricsson, with more to be announced this year.
For more information on Kalaida visit www.iskoot.com.
About iSkoot
San Francisco-based iSkoot, with offices in Cambridge and Israel, brings leading Web services like Skype(TM) to mobile handsets around the world.
iSkoot, a mobile software pioneer known for groundbreaking mobile Internet calling solutions, today announced it has added support for the popular Twitter community to its innovative Kalaida mobile services platform, which can deliver real-time Internet functionality to almost any handset sold today.
Twitter's rapid updates and "micro-blogging" format have made it one of the world's fastest-growing social networks. By concentrating processing in the network, iSkoot's Kalaida platform lets consumer handsets connect to Twitter and other communications tools the way PCs do: all at once and in real time. A single sign-in activates all services to keep the experience simple while preserving handset resources and battery life.
"The Kalaida platform works with today's devices and networks to make even the simplest handsets smarter," said Mark Jacobstein, CEO of iSkoot. "We designed Kalaida to incorporate new services as quickly audiences engage with them, and we're very pleased to now make mobile access even easier for the millions of people who actively use Twitter worldwide
"Twitter is a dynamic and engaged community that's both online and mobile. We're excited to make it easier for all people to participate in the Twitter conversation wherever they go, no matter what type of phone they have," said iSkoot Senior Director of Product Management John Beckmann. "We've started with something simple, but will be adding new features soon and supporting more handsets, including BlackBerry."
Other services enabled on the Kalaida platform include full-time, real-time connection to social networks, personal e-mail, instant messaging, and leading news, sports, and entertainment feeds. Kalaida delivers a full spectrum of Internet services to a single live screen on the handset, eliminating the need for users to open a browser or application to access one service at a time. All services are delivered over available data connections, without requiring 3G or WiFi for optimal performance.
The iSkoot Kalaida platform currently supports more than 20 handsets from leading manufacturers including LG, Motorola, Nokia, Samsung, and SonyEricsson, with more to be announced this year.
For more information on Kalaida visit www.iskoot.com.
About iSkoot
San Francisco-based iSkoot, with offices in Cambridge and Israel, brings leading Web services like Skype(TM) to mobile handsets around the world.
Wednesday, February 25, 2009
Orthopaedic Surgeon Shortage Predicted-Due to Soaring Joint Replacement Procedures
Two studies find patient demand will soon surpass the number of orthopaedic surgeons available
In the near future, there may not be enough orthopaedic surgeons to provide joint replacements to all who need them. According to two new studies presented at the 2009 Annual Meeting of the American Academy of Orthopaedic Surgeons (AAOS), the number of patients requiring hip or knee replacement surgery is likely to soon outpace the number of surgeons who can perform the procedure.
According to a study co-authored by Thomas K. Fehring, M.D., if the number of orthopaedic surgeons able to perform total joint replacements continues at its current rate:
In 2016, 46 percent of needed hip replacements and 72 percent of needed knee replacements will not be able to be completed.
“I was somewhat shocked at the shortfall that we predicted,” says Dr. Fehring, an orthopaedic surgeon at OrthoCarolina Hip and Knee Center in Charlotte. “This is life-changing surgery, offering patients the chance to be mobile, and a very high percentage of patients may not be able to receive it.”
Joint replacement, also known as arthroplasty, is considered by many to be one of the most successful medical innovations of the 20th century. Total joint replacement is a surgical procedure in which the patient’s natural joint is replaced with an artificial one.
More than 700,000 primary total hip and knee replacements are performed each year in the United States, and demand for the surgery is expected to double in the next 10 years.
A second study co-authored by Steven M. Kurtz, Ph.D., found that a major reason for the growth in patient demand for joint replacement is the increase in younger patients.
Projections show that by 2011, more than 50 percent of patients requiring hip replacements will be under the age of 65; the knee-replacement patient population will reach that threshold by 2016.
For primary total knee replacement, the fastest growing group of patients is in the 45-54 age category; the number of procedures performed in this age group is projected to grow from 59,077 in 2006 to 994,104 (an increase of 17 times) by 2030.
“Joint replacement is generally thought of as a procedure for older people, over 65,” says Dr. Kurtz, corporate vice president and office director at Exponent, Inc., in Philadelphia. “Our projections show that younger people make up a big piece of the pie, and that is only going to increase if historical trends continue.”
Both researchers believe that the key to stemming this supply-side crisis is for policymakers to reconsider the rates at which total joint replacements are reimbursed. The reimbursement rates have consistently gone down over the years, even as the costs of providing health care have gone up.
However, Dr. Kurtz notes that the possibility of new technologies may offer a glimmer of hope. “It’s hard to predict what changes will come about in the next 20 years,” he says. “Hopefully, we will have some new tools in the future to help address this problem, which could be of epidemic proportions.”
Disclosure: Dr. Fehring and Dr. Kurtz and their co-authors received no compensation for this study.
Friday, February 20, 2009
National Office of Urban Affairs
Buy the book! Buy the book Eighteen Months and Short Stories, Real Life today!
The U.S. Conference of Mayors meeting held this week in Washington D.C. was highlighted by a meeting with the President and Vice President of the United States on Friday, February 20 inside the White House East Room.
President Obama announced that he signed February 19, an executive order establishing the White House Office of Urban Affairs, where former New York City Bronx Borough President Adolfo Carrion will head up the agency. The office was created to, ”provide leadership for and coordinate the development of the policy agenda for urban America across executive departments and agencies;
(b) to coordinate all aspects of urban policy;
(c) to work with executive departments and agencies to ensure that appropriate consideration is given by such departments and agencies to the potential impact of their actions on urban areas;
(d) to work with executive departments and agencies, including the Office of Management and Budget, to ensure that Federal Government dollars targeted to urban areas are effectively spent on the highest-impact programs; and
(e) to engage in outreach and work closely with State and local officials, with nonprofit organizations, and with the private sector, both in seeking input regarding the development of a comprehensive urban policy and in ensuring that the implementation of Federal programs advances the objectives of that policy.”
In short, the office will coordinate all federal urban programs. The President said he is getting letters from constituents across the country about the problems they are facing. He acknowledged that mayors cannot deficit spend and that is why the recovery plan will create 3.5 million jobs and aid state and local governments to stem municipal cutbacks. He reiterated that 18 million will get health insurance and seven million taxpayers will receive financial help to get insurance after job loss.
“What makes this recovery plan so important we are putting America to work in what needs done in critical areas…it lays a new foundation,” the President said.
He said 400,000 people will be put to work across the country in infrastructure improvement based jobs. Infrastructure improvements include roads and highways, bridges, high speed rail, early childhood education, modernization of medical records and laying broadband lines
“We’ve done more in 30 days to advance health care reform than has occurred in a decade,” he said. He also said, what is required in returned is unprecedented accountability and responsibility to the taxpayer.
“They expect to see their money spent in its intended purposes without waste or fraud,” President Obama said.
He said this means he will hold both federal and local municipalities responsible for its use.
“We will use the new tools to watch the taxpayers money with more rigor and transparency than ever. If a federal agency proposes something that will waste money I will put them on notice,” President Obama said.
He said the same goes for local municipalities.
“I will call them out on it.” No compromise or shortcuts, he said.
He said the stimulus plan does not mark the end but the beginning of what he plans to do to attack urban challenges.
The President said he thinks about his start into politics when speaking with mayors--community outreach. He said citizens frequently look to local municipalities in times of financial trouble.
Reporters speaking with the mayors during an impromptu news conference on the white house driveway, after the meeting, asked about this accountability.
The mayors collectively said they welcome having their feet being held to the fire because it is what they have been going through everyday anyway. New Orleans mayor, Ray Nagen, said the money the cities will receive will go through the states to be disbursed. He said it took about three years to get hurricane victim monies. He said the legislature of each state can vote whether to take the money or not.
Questions then centered around making sure that the cities could receive the economic stimulus if the money was voted approved by each state and how they would like to see it spent.
After hearing from Democratic mayors, reporters on hand called to hear from Republican mayors.
A Republican mayor from Minnesota said, “one of the things we are now recognizing are the tools being put on the table to put our people back to work. The reinvestment act makes sure people are back to work and infrastructure is repaired and amenities offered, enriching the lives of each city’s citizens.
Another Republican South Carolina mayor said he was against the stimulus package at first but now that the recovery bill is law, he thinks, “we need to put as much of the money in long term projects as possible.”
It was apparent that the mayors who attended the meeting were on board with the President's plans.
Vice-President Joe Biden reminded all in attendance about the web site that could help shed light on how the recovery money is spent.
“Only after one month, laws have been signed to strengthen the American people. The results are clear and ready for the people to see it involves patient outreach," Vice President Joe Biden said, during an introduction of President Barack Obama.
“There is so much more to do,” he said.
Biden spoke of how for years America’s cities have been neglected and the concerns of its mayors unheard.
“We know how important cities are. Seven out of ten jobs are in (our nation’s) cities.” They haven’t been paid much attention to thus far.
He said the recovery package signed into law will provide “unprecedented investment in American cities."
“We have to make this work for our people,“ Biden said.
He acknowledged that taxpayers are trusting the government to spend the money in a way that it was intended. He said taxpayers can go to Recovery.gov to see how the money is being spent and make their concerns known.
He asked the mayors to highlight projects that need private investment and growth.
“The world is watching to see how well this will work.” Biden said.
###
The U.S. Conference of Mayors meeting held this week in Washington D.C. was highlighted by a meeting with the President and Vice President of the United States on Friday, February 20 inside the White House East Room.
President Obama announced that he signed February 19, an executive order establishing the White House Office of Urban Affairs, where former New York City Bronx Borough President Adolfo Carrion will head up the agency. The office was created to, ”provide leadership for and coordinate the development of the policy agenda for urban America across executive departments and agencies;
(b) to coordinate all aspects of urban policy;
(c) to work with executive departments and agencies to ensure that appropriate consideration is given by such departments and agencies to the potential impact of their actions on urban areas;
(d) to work with executive departments and agencies, including the Office of Management and Budget, to ensure that Federal Government dollars targeted to urban areas are effectively spent on the highest-impact programs; and
(e) to engage in outreach and work closely with State and local officials, with nonprofit organizations, and with the private sector, both in seeking input regarding the development of a comprehensive urban policy and in ensuring that the implementation of Federal programs advances the objectives of that policy.”
In short, the office will coordinate all federal urban programs. The President said he is getting letters from constituents across the country about the problems they are facing. He acknowledged that mayors cannot deficit spend and that is why the recovery plan will create 3.5 million jobs and aid state and local governments to stem municipal cutbacks. He reiterated that 18 million will get health insurance and seven million taxpayers will receive financial help to get insurance after job loss.
“What makes this recovery plan so important we are putting America to work in what needs done in critical areas…it lays a new foundation,” the President said.
He said 400,000 people will be put to work across the country in infrastructure improvement based jobs. Infrastructure improvements include roads and highways, bridges, high speed rail, early childhood education, modernization of medical records and laying broadband lines
“We’ve done more in 30 days to advance health care reform than has occurred in a decade,” he said. He also said, what is required in returned is unprecedented accountability and responsibility to the taxpayer.
“They expect to see their money spent in its intended purposes without waste or fraud,” President Obama said.
He said this means he will hold both federal and local municipalities responsible for its use.
“We will use the new tools to watch the taxpayers money with more rigor and transparency than ever. If a federal agency proposes something that will waste money I will put them on notice,” President Obama said.
He said the same goes for local municipalities.
“I will call them out on it.” No compromise or shortcuts, he said.
He said the stimulus plan does not mark the end but the beginning of what he plans to do to attack urban challenges.
The President said he thinks about his start into politics when speaking with mayors--community outreach. He said citizens frequently look to local municipalities in times of financial trouble.
Reporters speaking with the mayors during an impromptu news conference on the white house driveway, after the meeting, asked about this accountability.
The mayors collectively said they welcome having their feet being held to the fire because it is what they have been going through everyday anyway. New Orleans mayor, Ray Nagen, said the money the cities will receive will go through the states to be disbursed. He said it took about three years to get hurricane victim monies. He said the legislature of each state can vote whether to take the money or not.
Questions then centered around making sure that the cities could receive the economic stimulus if the money was voted approved by each state and how they would like to see it spent.
After hearing from Democratic mayors, reporters on hand called to hear from Republican mayors.
A Republican mayor from Minnesota said, “one of the things we are now recognizing are the tools being put on the table to put our people back to work. The reinvestment act makes sure people are back to work and infrastructure is repaired and amenities offered, enriching the lives of each city’s citizens.
Another Republican South Carolina mayor said he was against the stimulus package at first but now that the recovery bill is law, he thinks, “we need to put as much of the money in long term projects as possible.”
It was apparent that the mayors who attended the meeting were on board with the President's plans.
Vice-President Joe Biden reminded all in attendance about the web site that could help shed light on how the recovery money is spent.
“Only after one month, laws have been signed to strengthen the American people. The results are clear and ready for the people to see it involves patient outreach," Vice President Joe Biden said, during an introduction of President Barack Obama.
“There is so much more to do,” he said.
Biden spoke of how for years America’s cities have been neglected and the concerns of its mayors unheard.
“We know how important cities are. Seven out of ten jobs are in (our nation’s) cities.” They haven’t been paid much attention to thus far.
He said the recovery package signed into law will provide “unprecedented investment in American cities."
“We have to make this work for our people,“ Biden said.
He acknowledged that taxpayers are trusting the government to spend the money in a way that it was intended. He said taxpayers can go to Recovery.gov to see how the money is being spent and make their concerns known.
He asked the mayors to highlight projects that need private investment and growth.
“The world is watching to see how well this will work.” Biden said.
###
Tuesday, February 17, 2009
Media Seen as the Primary Cause of the Depth and Length of the Global Recession, According to New Research From Frost & Sullivan
Companies Must Ignore Fear, Make Smart Moves to Emerge Stronger
In a recent survey conducted by Frost & Sullivan, the Growth Partnership Company, 91% of CEOs blame the breadth and depth of the current economic situation on the media.
"The media's manipulation of statistics, negativity, exaggeration, and doomsday forecasts have driven fear and panic among consumers and businesses alike," says David Frigstad, Chairman of Frost & Sullivan.
Economic statistics are often twisted and exaggerated. The fear of total economic collapse is perpetuated in the media to grab attention and sell more copies or attract more viewers or listeners. Because of this, consumers and business have frozen spending, canceled projects, sold investments, and laid off workers. This has caused a downward spiral in demand and pricing that has now caused about 20 trillion dollars of damage globally.
"As the media continues to perpetuate fear, uncertainty and doubt, there is a growing chance that it will result in a self-fulfilling prophecy," adds Frost & Sullivan Economist Sandeep Maheshwari.
What clearly started out with financial mismanagement and fraud on Wall Street has now escalated into a major global recession exacerbated by the media. According to Frost & Sullivan's research, CEOs cite how the media has continued to drive fear through efforts to gain more readers, viewers, and listeners. The ironic turn is that the media is also being victimized by the current recession, with declining audiences and falling ad revenues.
In the responses portion of the study, CEOs made several interesting comments:
-- "Several newspapers have compared the overall job losses to the Great Depression without taking into account the huge increase in U.S. population since that time. These comparisons only generate more fear and are counter-productive."
-- "Economists miss every turn in the economy. Why do we rely on their forecasts today when they are so unreliable? They move like a herd of antelope -- their current forecasts all fit nicely into a pack."
-- "I recently read a headline that said Microsoft will lay off 5,000 workers. At the end of the piece it mentioned it would be over a three year period. Compared to the overall size of Microsoft, this is not newsworthy."
We are now at a turning point. An unprecedented global stimulus plan and guaranteed programs are now in place. More than 8 trillion dollars globally is being pumped into the economy, along with trillions of dollars in guarantees. Retail sales, housing prices, existing home sales, and used car sales are all showing signs of strength. Interest rates are at historical lows and mortgage relief is in sight.
"All of these trends could signal the turning point if we change our outlook. The media, economists, politicians, bankers, and business executives could collectively turn the economy around by working simultaneously to restore confidence back into the system -- in turn, calming the public. It's time for us to give up on the doom and gloom," concludes Frigstad.
In a recent survey conducted by Frost & Sullivan, the Growth Partnership Company, 91% of CEOs blame the breadth and depth of the current economic situation on the media.
"The media's manipulation of statistics, negativity, exaggeration, and doomsday forecasts have driven fear and panic among consumers and businesses alike," says David Frigstad, Chairman of Frost & Sullivan.
Economic statistics are often twisted and exaggerated. The fear of total economic collapse is perpetuated in the media to grab attention and sell more copies or attract more viewers or listeners. Because of this, consumers and business have frozen spending, canceled projects, sold investments, and laid off workers. This has caused a downward spiral in demand and pricing that has now caused about 20 trillion dollars of damage globally.
"As the media continues to perpetuate fear, uncertainty and doubt, there is a growing chance that it will result in a self-fulfilling prophecy," adds Frost & Sullivan Economist Sandeep Maheshwari.
What clearly started out with financial mismanagement and fraud on Wall Street has now escalated into a major global recession exacerbated by the media. According to Frost & Sullivan's research, CEOs cite how the media has continued to drive fear through efforts to gain more readers, viewers, and listeners. The ironic turn is that the media is also being victimized by the current recession, with declining audiences and falling ad revenues.
In the responses portion of the study, CEOs made several interesting comments:
-- "Several newspapers have compared the overall job losses to the Great Depression without taking into account the huge increase in U.S. population since that time. These comparisons only generate more fear and are counter-productive."
-- "Economists miss every turn in the economy. Why do we rely on their forecasts today when they are so unreliable? They move like a herd of antelope -- their current forecasts all fit nicely into a pack."
-- "I recently read a headline that said Microsoft will lay off 5,000 workers. At the end of the piece it mentioned it would be over a three year period. Compared to the overall size of Microsoft, this is not newsworthy."
We are now at a turning point. An unprecedented global stimulus plan and guaranteed programs are now in place. More than 8 trillion dollars globally is being pumped into the economy, along with trillions of dollars in guarantees. Retail sales, housing prices, existing home sales, and used car sales are all showing signs of strength. Interest rates are at historical lows and mortgage relief is in sight.
"All of these trends could signal the turning point if we change our outlook. The media, economists, politicians, bankers, and business executives could collectively turn the economy around by working simultaneously to restore confidence back into the system -- in turn, calming the public. It's time for us to give up on the doom and gloom," concludes Frigstad.
America's Emptiest Cities
Vacancy rates in these spots spell lots of empty neighborhoods.
Call it a modern-day tale of two cities.
For decades, Las Vegas, ripe with new construction and economic development, burgeoned into a shimmering urban carnival. Detroit, once the fulcrum of American industry, sagged and rusted under its own weight.
Call it a modern-day tale of two cities.
For decades, Las Vegas, ripe with new construction and economic development, burgeoned into a shimmering urban carnival. Detroit, once the fulcrum of American industry, sagged and rusted under its own weight.
Monday, February 16, 2009
Subscribe to:
Posts (Atom)
Posts
