Predictions that our high-tech age of connectivity and wire-free communications would drain big cities, the world's financial centers remain heavily populated and their economies are thriving.
"In time, the early 21st century may come to be seen as a golden era for a different sort of globalised city-state. Its protagonists are found in London's Mayfair, lower Manhattan and Hong Kong's central business district. Rather than loading ships, they spend their days (and many nights) in front of computer screens, moving zillions of dollars, pounds, euros and yen around the globe at the flick of a key."
"Technology, some predicted, would end this sort of clustering in city centres. Why would financiers want to live and work in pricey, jam-packed urban jungles? Armed with broadband, mobile phones and BlackBerries, they could work from almost anywhere. Yet as this summer's market turmoil showed, a BlackBerry operated from a beach is not always enough. Besides, those urban jungles have their compensations. So rather than dying out, financial centres are proliferating."
FULL STORY: Magnets for money

Americans May Be Stuck — But Why?
Americans are moving a lot less than they once did, and that is a problem. While Yoni Applebaum, in his highly-publicized article Stuck, gets the reasons badly wrong, it's still important to ask: why are we moving so much less than before?

Using Old Oil and Gas Wells for Green Energy Storage
Penn State researchers have found that repurposing abandoned oil and gas wells for geothermal-assisted compressed-air energy storage can boost efficiency, reduce environmental risks, and support clean energy and job transitions.

Placekeeping: Setting a New Precedent for City Planners
How a preservation-based approach to redevelopment and urban design can prevent displacement and honor legacy communities.

San Francisco’s Muni Ridership Grew in 2024
The system saw its highest ridership since before the Covid-19 pandemic, but faces a severe budget shortage in the coming year.

Colorado Lawmakers Move to Protect BRT Funding
In the face of potential federal funding cuts, CDOT leaders reasserted their commitment to planned bus rapid transit projects.

Safe Streets Funding in Jeopardy
The Trump administration is specifically targeting bike infrastructure and other road safety projects in its funding cuts.
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