Fate of the States The New Geography of American Prosperity
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Description: A bold look at the most important new trend for our economy Wall Street analyst Meredith Whitney became a household name when she predicted the subprime mortgage crisis a year before it fully erupted. Now she shows how we’re moving into a new era in which wealth, power, and opportunity flow away from the coasts toward the interior of the country. The housing boom was initially great for states like California, Nevada, and Florida. But when the boom ended, so did the excess tax revenue sustaining many profligate state and local governments. They’ve been forced to raise taxes and cut essential public servicesespecially education and infrastructure. Extreme cases led to bankruptcy filings in nearly a dozen cities. But meanwhile, in contrast to those doom and gloom headlines, a very different trend was developing in interior states like North Dakota, Indiana, and Texas. They survived the housing crisis relatively unscathed and therefore had the money to retrain workers and offer tax incentives to companies willing to relocate. Coupled with the recent booms in natural gas and oil extraction and the resurgence in manufacturing, these states are poised to become the new powerhouses of the American economy. Whitney explores the long-term consequences of having roughly half the country in a vicious cycle of decline while the other half enjoys a virtuous circle of growth. And she offers practical ideas to help the struggling parts of Americabefore the fate of the states becomes irreversible.
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All the information you need in one place! Each Study Brief is a summary of one specific subject; facts, figures, and explanations to help you learn faster.
List price: $27.95
Copyright year: 2013
Publisher: Penguin Publishing Group
Publication date: 6/4/2013
Size: 6.25" wide x 9.50" long x 1.00" tall
|It Starts at Home|
|States Gone Wild|
|Pensions: The Debt Bomb Nobody's Talking About|
|The Negative Feedback Loop from Hell|
|The New American Poverty|
|New Map of Prosperity|
|David Takes On Goliath: New Political Precedents|
|The Way Forward|