I’ve been hearing a lot of chatter about “the new normal” – the prospect of the current economic malaise resulting in a longer-term pattern of stagnating economic growth. We’ve even thrown the term around a few times here at NLC. But, predictions about slow growth in the coming years are not new. The new piece
Technology allows lots of people to work from home in a snow storm. Colleagues email one another. They catch up on newsletters unread and webinars unviewed. But there is little satisfaction in it. Most bide their time until the office or business reopens. Upon returning, friends and peers reengage with a vengeance. There is invigoration
“Cities to cut….” will be the prevailing storyline in much of the coverage of city fiscal conditions over the next couple of years. But, city leaders still have the job of making decisions that position their cities for prosperity in the future according to 50+ local officials who participated in an NLC seminar in late
Anyone who has seen the movie A League of Their Own, about the first professional women’s baseball league, remembers the famous quote from Tom Hanks’ character, one of the team managers, when confronted with a crying player in the dugout: “You’re crying? There’s no crying in baseball!” The same can be said about city finance.
The U.S. government is moving to cease its deep intervention in the housing markets. The Treasury Department already has stopped buying up mortgage-related securities and the Federal Reserve will taper off its purchases gradually, ending them by March 31. Then in June, the homebuyer tax credit program ends. As with “cash for clunkers,” the federal
Local governments don’t control the interest rates on a 30-year fixed rate mortgage nor the regulations that determine who qualifies for a mortgage loan. However, municipal leaders can impact whether or not their community offers a myriad of housing choices to meet the needs of a diverse mix of individuals and families. Using the power to decide land
We just wanted to give a quick update on the Haiti earthquake. NLC has created a special page at www.nlc.org/haiti with resources and information. NLC has also set up a discussion forum on Facebook (facebook.com/nationalleagueofcities) for cities to share what they have been doing to encourage employees and citizens to assist Haiti at this time.
The “Creative Class” has become a mainstay in the lexicon of city speak. Made famous by Richard Florida, the term refers to individuals whose jobs are inherently creative, like musicians and architects, or where creativity is a major function of the job, like doctors. As Florida defines it, the Creative Class generates wealth and lots
Over 4 million homes were lost to foreclosure in the three years from 2007-2009. Before 2006, the worst record of the decade was just under 500,000 foreclosures in 2002. Assistance has come in many forms: An army of counselors work on loan modifications for homeowners who are “underwater” on their mortgage; HUD launches Making Home
After two-weeks of negotiations and amid rising speculation and anxiety, the COP-15 concluded last week with the Copenhagen Accord, a non-binding treaty to reduce carbon emissions among developed nations while simultaneously providing financial support to developing countries most vulnerable to the devastating impacts of global climate change. Heralded by some, criticized by others, the operative