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Smart Growth Facts vs. Ideology

Debates over smart growth–sometimes known as new urbanism, compact cities, or sustainable urban planning, but always meaning higher urban densities and a higher share of people in multifamily housing–boil down to factual questions. But smart-growth supporters keep trying to twist the arguments into ideological issues. For example, in response to my Minneapolis Star Tribune article about future housing demand, Thomas Fisher, the dean of the College of Design at the University of Minnesota,...

Public Pension Investments: Risky Chase for High Returns

A recent Pew report shows a systematic shift of public pension plans away from fixed-income investments towards equities and alternative investments in the last 30 years. Using investment data on public pensions from 1952 to 2012, Pew found that public plans “significantly increased their reliance on stocks” during the 1980s and 1990s. The data reveal that fixed-income investments and cash constituted nearly 96 percent of public pension assets in 1952. The proportion decreased to 47 percent by...

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