A host of economic and political forces are leading to growing concern about the bursting of an "historically unprecedented credit bubble" that could lead to a collapse of the U.S. economy.
Present worrisome trends include "a persistent and increasing resort to debt-financed growth and a concomitant, growing imbalance in the trade deficit, leading the U.S. ever further into financial dependency ...leaving it dangerously indebted to rival nations, which could (at least theoretically) pull the plug at any time. This, in turn, is occurring against the backdrop of an increasingly problematic, Vietnam-style quagmire in Iraq, against imperial overstretch, and against a related ongoing crisis in energy prices, itself spurring an ever more frantic competition for energy security, which will surely intensify existing global and regional rivalries."
Thanks to Michael Dudley
FULL STORY: What Could Go Wrong in 2005?
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Chicago’s Ghost Rails
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Amtrak Cutting Jobs, Funding to High-Speed Rail
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Ohio Forces Data Centers to Prepay for Power
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MARTA CEO Steps Down Amid Citizenship Concerns
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Silicon Valley ‘Bike Superhighway’ Awarded $14M State Grant
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Urban Design for Planners 1: Software Tools
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Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
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Mpact (founded as Rail~Volution)
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