Brian Fung, The Washington Post Published 6:22 am PDT, Thursday, July 12, 2018 Photo: Bloomberg Photo By David Paul Morris Image 1of/1 CaptionClose Image 1 of 1 Twitter is headquartered in San Francisco. Twitter is headquartered in San Francisco. Photo: Bloomberg Photo By David Paul Morris In America's tech capital, many lack home internet. San Francisco wants to fix it. 1 / 1 Back to Gallery SAN FRANCISCO - Despite being awash in tech start-ups and the latest innovations, San Francisco has a surprising lack of connectivity. As many as 1 in 8 people here - more than 100,000 residents - don't subscribe to home internet, city officials say. To close that digital divide, the local government has come up with an entrepreneurial solution: Build a high-speed network of its own that could compete with the likes of … [Read more...] about In America’s tech capital, many lack home internet. San Francisco wants to fix it.
Economic problem in america
Riding the rising tide of energy prices — and the job growth that goes with it — Texas lands the top spot in CNBC's 2018 America’s Top States for Business rankings. This is familiar territory for the Lone Star State, which becomes the first four-time winner in our annual study, now in its 12th year. But it has been a long time coming. This is the first time since 2012 that Texas has claimed top honors. Not coincidentally, West Texas Intermediate Crude Oil — the state’s most important export — peaked at just over $108 per barrel that year, a figure it has not seen since. But it has risen enough — around 60 percent in the last year, powering through the $70-per-barrel mark in June — to turbocharge the $1.6 trillion Texas economy. “The Texas economy remains in a broad-based expansion,” said Dallas Federal Reserve economists Christopher Slijk and Jason Saving in a recent report. “The state’s energy sector continues to … [Read more...] about Texas Is CNBC’s Top State for Business in America This Year
Quality preschool access is also an important piece of this puzzle, as are community-based after school programs that can help identify at-risk students before they drop out completely. But, again, there will be no end to school segregation if we do not also work on the problem of housing segregation. Residential segregation creates school segregation, by race and class. And such residential segregation is systemic. According to the Brookings Institute: “More than half of black or white residents in 70 of the 100 largest U.S. metro areas would need to move to a different census tract in order to integrate the metro.” Thus, the federal government needs to comprehensively enforce, for essentially the first time, the Fair Housing Act of 1968. The potential for such enforcement was at least maintained by the Supreme Court’s 2015 decision in Texas Department of Housing and Urban Affairs v. The Inclusive Communities Project, which preserved the rights of plaintiffs to … [Read more...] about Segregation is alive and well in America’s so-called land of opportunity — just ask black and Latino children
Economic news in South Jersey has been depressing at best since the national recession that began more than a decade ago.Unemployment and home foreclosure rates have been among the highest in the country.But things are looking up, evidenced by a run of job fairs recently around the region. Filling positions for two planned casinos opening this summer in Atlantic City has attracted a lot of attention. More than 4,800 people lined up in February for Stockton University’s Atlantic City Gateway Career Fair.A little less prominent but also an indication of the region’s apparently reawakening economy was a first-ever job fair put together by the city of Cape May and the Chamber of Commerce of Greater Cape May.Organizers said they hoped for 25 or 30 businesses to participate, but ended up with 42 looking for workers to fill both seasonal and year-round positions.In a tourist economy, it is important the local business community looks for ways to make sure it has the workers needed … [Read more...] about Extra efforts to fill jobs a welcome problem in Cape
THE TICKER President Trump shakes hands with Speaker Paul Ryan (R-Wisc.) after the passage of the tax overhaul in December. (Reuters/Carlos Barria) The Republican tax overhaul is delivering a dose of caffeine to an already wired economy, priming a potentially more dangerous downturn when the stimulus burns off. That’s the conclusion reached by a pair of major reports from independent economists that landed Tuesday as Republicans and Democrats were using Tax Day to argue over the impact of the law. Teams at Morgan Stanley and the International Monetary Fund write that the slashed corporate rate — along with the front-loaded incentives the package offers businesses — will goose economic growth in the immediate term but quickly exhaust itself. And Morgan Stanley sees signs that a reckoning may be coming for stock market investors and the broader economy sooner rather than later. “The ‘feel good’ factor from this policy … [Read more...] about The Finance 202: ‘Happy hour in America.’ Tax cuts could leave economy weaker after short-term boost