Good morning. Monday in Whitewater will be sunny with a high of 84. Sunrise is 6:03 AM and sunset 7:54 PM, for 13h 50m 37s of daytime. The moon is a waxing gibbous with 59.7% of its visible disk illuminated. Whitewater’s Equal Opportunities Commission meets at 5 PM, the Community Development Authority at 5:30 PM,…
Economy
America, CDA, Common Council, Development, Economics, Economy, Free Markets, Local Government, Regulatory Capture, WEDC
Competition: Good for Individuals and Society
by JOHN ADAMS • • Comments
Pres. Biden plans measures to increase market competition. David Leonhardt reports Biden’s New Push (‘The U.S. economy suffers from a lack of competition. President Biden wants to change that’): The U.S. economy has been less dynamic in the 21st century, by many measures, than it was in the late 20th century. Fewer new businesses are starting.…
Business, Economy, Free Markets, Labor, Lobbyists
Businesses, Workers, Goods, and Services
by JOHN ADAMS • • Comments
Over at Dan Shafer’s Recombobulation Area, guest columnist Shawn Phetteplace reminds us that WMC Doesn’t Speak for All Businesses. Phetteplace, the state manager for the Main Street Alliance, writes that When former Gov. Scott Walker declared Wisconsin “Open for Business,” what he meant was it was open for deregulation, tax cuts, and special deals to…
Bad Ideas, CDA, Corporate Welfare, Development, Economics, Economy, Foxconn, Government Spending, Mendacity, Scott Walker, Trump, WEDC
Foxconn: New, More Realistic Deal Means 90% Reduction in Goals
by JOHN ADAMS • • 2 Comments
After years of flamboyant lies about what Foxconn would be able to achieve in Wisconsin, there’s a new deal with that foreign corporation. That new arrangement reflects a reduction of 90% or more in what Wisconsin expects and what the state will offer. Local governments have already wasted millions on absurdly grandiose, false promises Not…
Boosterism, CDA, City, Culture, Economics, Economy, Local Government, Politics, School District, That Which Paved the Way, University
Local Politics Hasn’t Been Merely ‘Local’ for Years
by JOHN ADAMS • • Comments
Over at the Wisconsin Examiner, Henry Redman writes (with concern) that All politics is national (‘Candidates for local office are ignoring community issues, instead highlighting national culture wars’). First, Redman’s case, then a few remarks. Woodman [Kyle Woodman, a Republican running for Eau Claire’s city council] is part of a mostly conservative group of candidates…
CDA, City, Conflicts of Interest, Development, Economy, Free Markets, Law, Laws/Regulations, Local Government, Regulatory Capture
Texas (But Not Only Texas): Regulatory Capture
by JOHN ADAMS • • Comments
Regulatory capture is a simple concept: it applies when regulatory agencies become dominated by the industries or interests they are by law required to regulate. These agencies begin to act to benefit particular incumbent firms or people in the industry they are supposed to be overseeing. The concept is also sometimes called agency capture or…
City, Economy, University, UW System
The Bad Economy Isn’t Causing Good Enrollment Numbers
by JOHN ADAMS • • 5 Comments
Catherine Rampell observes Tough economies usually push people into more education. It’s not happening this time. She writes that Usually, postsecondary enrollment increases during tough economies, as workers seek shelter from the lousy job market and invest in upgrading their skills. This can be a (small) silver lining of downturns: If displaced workers choose wisely…
City, Disinformation, Economy, Employment, Poverty
Unemployment Imagined and Real
by JOHN ADAMS • • Comments
National unemployment figures have been undercounting the true number of those unemployed. Rachel Siegel reports Fed chair: Unemployment rate was closer to 10 percent, not 6.3 percent, in January: Federal Reserve Chair Jerome H. Powell said Wednesday that the unemployment rate in January was “close to 10 percent,” significantly higher than the 6.3 percent rate…
Business, City, Coronavirus, Economy, Free Markets
Buy Local Will Change
by JOHN ADAMS • • Comments
The pandemic has made takeout and delivery more valuable than ever, not only for convenience but also for reduced exposure. In larger cities, some changes to restaurant delivery (among other services) have been building for years, and are likely to be permanent. See Heated patios, QR code menus and pop-ups: Milwaukee restaurants got innovative during…
Business, CDA, Charity, Development, Economics, Economy, Failure, Free Markets, Government Spending, Innovation Center/Tech Park, Poverty, Press Release
Markets and Markets
by JOHN ADAMS • • 4 Comments
One reads that Whitewater now has an option, for most of the city, of grocery delivery from nearby cities. As it is, Whitewater has a Walmart, but no stand-alone, full-service grocery. Private delivery service is a benefit to the community. It’s better to have more grocery options than fewer. These are private enterprises providing private delivery…
America, Economy, Employment, Failure, Trump
Trump’s Employment Failure
by JOHN ADAMS • • Comments
Catherine Rampell writes December’s jobs report confirms Trump is set to be the worst jobs president on record: When the pandemic first hit the United States, we lost 22 million jobs almost immediately. Then after seven months of gains — albeit decelerating ones — the economy tipped back into job losses in December, the Bureau…
City, Culture, Demographics, Economy, Education, Local Government, Politics, School District
Local 2021 Races in the Whitewater Area
by JOHN ADAMS • • Comments
Update: this post about local politics, with an optimistic final sentence, was published before the morning and afternoon events in Washington. It has always been true – and always will be true – that what harms the country harms the city; what stains the nation stains the city. Every moment of opposition to Trump and…
Aside, City, Coronavirus, Culture, Economy
For Whitewater, the Pandemic Reveals What Was Already There
by JOHN ADAMS • • Comments
For Whitewater – and other places – the pandemic hasn’t changed contemporary politics or culture, it has revealed plainly the character of contemporary politics and culture: divided, debilitated. Whitewater’s meaningful changes began years ago, with the Great Recession (2007-2009). For small towns like Whitewater, that recession never ended. It’s as if a man with poor…
City, Coronavirus, Economy
What Changes After the Pandemic?
by JOHN ADAMS • • 1 Comment
Megan McArdle, writing at the Washington Post, speculates about What changes after covid-19? I’m betting on everything. She’s thinking about the other side of the pandemic, when the worst has subsided, and we are no longer here but instead there. Her forecast focuses on technological changes likely in the wake of the COVID-19: But on closer…