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Poverty

Ineffectual, Wasteful Infrastructure Ambitions

Randal O’Toole takes a look at a key part of the incoming administration’s economic policy, and sees the Trouble with Trump’s Infrastructure Ambitions.  There are, simply expressed, four problems: Not all spending of this kind is equally valuable: “Many advocates of infrastructure spending assume that all infrastructure contributes equally to economic vitality, but this is far…

Whitewater’s True and Worthy Success

Post 6 in a weekly series. I posted last week about a State of the Schools presentation, and planned to follow this week with an assessment of that presentation, but there’s a more recent development that should – and so does – take precedence. On February 10th, one of Whitewater’s schools, Washington School, was named a Title…

Theranos as a Cautionary Tale

Theranos is a much-hyped biomedical start-up that’s fallen in valuation and reputation (not always the same thing) following published doubts (e.g., @ Wall Street Journal, Fortune) about its supposedly revolutionary technology. Here’s the meaning of this story for Whitewater: Theranos had the participation (and attention) of some of the most gifted men and women in America,…

Wisconsin on Pace for Most Layoff Notifications Since WEDC Created

WKOW 27: Madison, WI Breaking News, Weather and Sports Now I thought, as it’s what I have heard again, again, and again, that the WEDC was the Laser-Focused Semi-Private Job Creator of Wisconsin™.  How odd, then, to read that since the Wisconsin Economic Development Corporation’s inception, Wisconsin is on pace for more job layoffs than…

Three Motivations for Local Government Intervention (and One That’s Sadly Missing)

In Whitewater, we’ve had any number of local projects, some involving millions, in a town of only thousands.   Broadly, one may assume three motivations for local intervention: (1) genuine if mistaken efforts at community betterment, (2) the vanity or economic interest of parties to a project, or (3) a desire to prevent demographic and…

Poverty in Our Area

Using data from the U.S. Census Bureau’s Small Area Income and Poverty Estimates, for children aged 5 to 17 in families in poverty, rate as a percentage of all children that age: Delavan-Darien Edgerton Elkhorn Area Fort Atkinson Jefferson Milton Whitewater Area 2007 10.98 7.10 11.60 7.01 8.05 5.4 9.89 2008 11.90 8.22 15.28 8.78…

A City’s Most Important Economic Measure

Yesteday, I asked, “What’s Whitewater’s Economy?” If it should be true – and it is – that a genuine economic discussion is more than a budgetary one, then what economic measures should matter most?    There’s no single measurement that explains it all, but what would one say about an economy if one were compelled to pick…

How Selfish Politicians Use the Poor or Children to Protect Wasteful Programs that Have Nothing to Do with the Poor or Children

It’s a cruel game to defend government spending on the well-fed with the lament that spending cuts must be stopped, lest the poor and vulnerable suffer. The poor and vulnerable will not suffer in a society that reduces spending on corporate welfare, sham job-creation programs, so-called business-development grants, and spending on weapons so expensive and…

Whitewater’s Decade of Child Poverty

The only way to make an ill person truly and permanently better is to see her condition for what it is; genuine recovery requires an honest diagnosis. Despite my doubts about their program, I respect Roosevelt’s New Dealers’ for their willingness to call a problem a problem. If they had lived to see contemporary Whitewater,…