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August 5, 2023
Rent Control ‘Shabbifying’ NY’s Housing As Owners Feel the Squeeze
Perhaps cowed by tenant protests, the Rent Guidelines Board has backed off rent increases of as much as 16% (for two-year leases) for the city’s 900,000-plus rent-regulated apartments. That property owners should be limited to modest hikes (2.5% for one-year leases), even as their costs of fuel, taxes and repairs go up, ignores the fact that inflation…
August 4, 2023
The Racial Wealth Gap: Myths and Realities
The racial wealth gap has become a central component of claims of systemic racism and one of the core justifications for reparations. The main focus has been on housing market dynamics. Supreme Court Justice Jackson made reference to the racial bias of 1940s federal housing policies in her dissent on the college affirmative action case….
August 3, 2023
Philanthropists Discover the Value of “Sunsetting”
This year, the William E. Simon Foundation is closing its doors, or “sunsetting,” in the parlance of modern philanthropy. Since it was founded in 1967 by former Treasury Secretary William E. Simon and his wife Carol, the foundation has given away almost $300 million to the causes that mattered to them—faith, family and education. It…
August 3, 2023
Fight Crime, and Poverty, with Civil Society
Maryland’s new Democratic governor, Wes Moore, has to play to his party’s increasingly left-wing base, but he also knows that problem No. 1 in much of the state is rising crime. Prince George’s County, in particular, has a much higher crime rate than the national average, and crime has been rising since the COVID lockdowns, which were extraordinarily…
August 2, 2023
The Best Predictor of Happiness in America? Marriage
Americans who are married with children are now leading happier and more prosperous lives, on average, than men and women who are single and childless. Is that statement surprising? In an age that prizes individualism, workism, and a host of other self-centric “isms” above marriage and family, it may well be. But the reality is that nothing currently predicts…
August 1, 2023
Can AI Make People Want to Have Children?
Self-help gurus love to tell people to visualize their goals. Tony Robbins says, “Starting your day without visualizing your goal is like starting your day without breakfast.” In this space, it’s not just about figuring out where you’re going, but actually picturing your future self — how that person will feel, what that person might…
July 30, 2023
26 Miles of Scaffolding Blights NYC’s Public Housing, Some Up for 10 Years
No New York pedestrian would disagree with Eric Adam’s characterization of the city’s ubiquitous sidewalk sheds at stalled construction sites as “ugly little green boxes.” But his targeting of private buildings owners with $10,000 a month fines for scaffolding that stays up for more than 90 days without building repairs proceeding also suggests selective prosecution. …
July 27, 2023
Time to Do Something About the NILFs
The overall employment situation looks great in the United States—so why are so many men not working? The Wall Street Journal reports that work among prime-age Americans—those between 25 and 54 years of age—is at the highest rate in two decades, driven by rising wages and worker shortages. After years of decline in labor force participation, this is certainly welcome…
July 27, 2023
Perspective: Can artificial intelligence teach us to be better workers?
So-called ‘soft skills’ are in short supply in the workforce and society at large. AI could help us get better A few weeks ago, McKinsey & Company published updated estimates on when key anticipated characteristics of artificial intelligence might arrive — including things like creativity, logical reasoning, and social/emotional reasoning, sensing and output. McKinsey’s timeline for increased capacity across a range of such capabilities…
July 26, 2023
How Worker Benefits Turn into Welfare
The disparity between what the federal government collects in taxes and what it spends was never greater than during the pandemic, when annual deficits peaked at $3.1 trillion in 2020. Even today, when the president swears Bidenomics is “working everywhere,” annual deficits exceed $1.5 trillion, and are expected to only grow. One little-noticed driver of record deficits was…