City Finance

In 2002, the town of Galesburg, a slowly declining Rustbelt city of 33,000 in western Illinois, learned that it would soon lose its largest factory, a Maytag refrigerator plant that had anchored Galesburg's social and economic life for decades. Workers at the plant earned $15.14 an hour, had good insurance, and were assured a solid retirement. In 2004, the plant was relocated to Reynosa, Mexico, where workers sometimes spent 13-hour days assembling refrigerators for $1.10 an hour.

Over the course of a decade spent reporting on the ground in China as a financial journalist, Dinny McMahon gradually came to the conclusion that the widely held belief in China’s inevitable economic ascent is dangerously wrong. Debt, entrenched vested interests, a frenzy of speculation, and an aging population are all pushing China toward an economic reckoning. China’s Great Wall of Debt unravels an incredibly complex and opaque economy, one whose fortunes - for better or worse - will shape the globe like never before.

Which is more important to New York City's economy, the gleaming corporate office--or the grungy rock club that launches the best new bands? If you said "office," think again. In The Warhol Economy, Elizabeth Currid argues that creative industries like fashion, art, and music drive the economy of New York as much as--if not more than--finance, real estate, and law.

In recent years the young, educated, and affluent have surged back into cities, reversing decades of suburban flight and urban decline. And yet all is not well, Richard Florida argues in The New Urban Crisis. Florida demonstrates how the same forces that power the growth of the world's superstar cities also generate their vexing challenges: gentrification, unaffordability, segregation, and inequality.

Detroit, St. Louis, Cincinnati, Cleveland, Pittsburgh, Buffalo, and Baltimore - at one time these were among the 20 most populous and important cities in the US. They helped build our national economy through much of the 20th century but have since struggled due to deindustrialization. As a result of their shared past, this group of former industrial powerhouse cities shares unique structural and cultural traits that make them fertile ground upon which to build a startup-driven resurgence; an outcome that would yield nationwide economic, social, and well-being benefits.

We have released the genie from the bottle: climate change is coming, and there's no stopping it. The question, according to Matthew Kahn, is not how were going to avoid a hotter future but how were going to adapt to it. In Climatopolis, Kahn, one of the worlds foremost experts on the economics of the environment, argues that cities and regions will adapt to rising temperatures over time, slowly transforming our everyday lives.

This shows one of the principles that men and women used to get rich, and how you can use the same principles to attain wealth.

Selling on eBay seems simple enough. You post a few items for sale, wait for the bids to start rolling in, collect the cash, and mail out the items you sold. Rinse and repeat. Sounds easy enough, doesn't it? Unfortunately, things get a bit more complicated when you start eBaying in real life. Writing good listings that make buyers want to pull the trigger on your items isn't easy. Taking good pictures that show your items in the best light can be harder than you think. Pricing your item to sell can seem a bit like rolling the dice....