Prosperity

A recent report shows that fast growing cities had lower incomes and bigger income drops during the recession. Mary Newsom digests the report and delves into what it means for cities looking forward.

So says William Fulton, mayor of Ventura and longtime writer on economic development issues. He says that economic growth is a "mysterious process" that can't be won by wooing a big employer to your town.

The Legatum Institute, a London think tank, has published a report ranking countries in terms of prosperity. The U.S. took a big hit for health care.