Growing Crisis Traps U.S. Have Nots
Posted in Main Blog (All Posts) on January 11th, 2011 5:31 am by HL
Growing Crisis Traps U.S. Have Nots
Ambrose Evans-Pritchard, Telegraph
There is a telling detail in the US retail chain store data for December. Stephen Lewis from Monument Securities points out that luxury outlets saw an 8.1pc rise from a year ago, but discount stores catering to America’s poorer half rose just 1.2pc.Tiffany’s, Nordstrom, and Saks Fifth Avenue are booming. Sales of Cadillac cars have jumped 35pc, while Porsche’s US sales are up 29pc.
20 Yrs of Conservative Success in Cities
Heather Mac Donald, City Journal
Conservative ideas are responsible for the two great urban-policy successes of the last quarter-century: the breathtaking drops in crime and in welfare dependency since the early 1990s. You’d never know it from members of the opinion elite, however, who have rarely recognized these successes, much less their provenance. So let’s recapitulate an epic battle about the foundations of social order, a battle that had not just a clear winner but also a clear loser: the liberal policy prescriptions for cities that many opinion makers and politicians still embrace. New York has…
