ton

Strategy did not cost me win - Hamilton

Lewis Hamilton doubts Mercedes could have beaten Ferrari's Sebastian Vettel even if it had matched the German driver's two-stop strategy in Malaysia




ton

Ecclestone keen on all-female world championship

Bernie Ecclestone has suggested the creation of an all-female world championship to run alongside Formula One to encourage more women to enter the sport




ton

Hamilton '99.6%' done on new Mercedes £27m deal

Lewis Hamilton is closing on a new Mercedes deal reportedly worth £27 million a year and he expects it to be closed this week




ton

Vettel secures pole position ahead of Hamilton

Sebastian Vettel took pole position for the United States Grand Prix after edging out Lewis Hamilton for pole position by 0.109s. His title rival Fernando Alonso will start eighth on the grid




ton

Hamilton wins as title battle goes down to Brazil

Lewis Hamilton won an enthralling United States Grand Prix ahead of Sebastian Vettel and Fernando Alonso, meaning the drivers' championship will go down to the final round in Brazil




ton

Hamilton leads tight first practice session at Interlagos

Lewis Hamilton led a closely fought first practice session for the Brazilian Grand Prix, which saw the two McLarens and two Red Bulls covered by less than a tenth of a second




ton

Hamilton tops Friday practice ahead of Vettel

Lewis Hamilton set the pace in second practice after McLaren made a strong start to the Brazilian Grand Prix weekend




ton

Button just edges out Vettel in final practice

Jenson Button just beat Sebastian Vettel to the fastest time of the final practice session at the Brazilian Grand Prix by 0.057s, while Vettel's championship contender Fernando Alonso finished down in eighth




ton

Hamilton leads McLaren front row, Vettel fourth and Alonso seventh

Lewis Hamilton took pole position as part of a McLaren front-row lockout at the Brazilian Grand Prix as championship contenders Sebastian Vettel and Fernando Alonso only managed fourth and eighth respectively




ton

F1 only needs 10 teams - Ecclestone

Bernie Ecclestone believes Formula One would be better off with 10 teams as the grid looks set to be reduced to 11 in 2012




ton

Bid to take over HRT 'too late' for 2013 entry - Ecclestone

A new bid to take over HRT and rebrand it Scorpion Racing is not likely to get the go-ahead to compete in this year's championship, according to Bernie Ecclestone




ton

Why Ethiopia, Egypt, and Sudan should ditch a rushed, Washington-brokered Nile Treaty

The ambitious Grand Ethiopian Renaissance Dam (GERD) has been a point of contention among Ethiopia, Egypt, and Sudan in recent years. The GERD is now 70 percent complete and its reservoir expected to start being filled in the rainy season of 2020. The three countries, however, have not yet reached an agreement on the process…

       




ton

Hamilton beats Red Bulls to fastest times

Lewis Hamilton lead the way in the afternoon practice session at Interlagos




ton

Vettel edges out Button in FP3

Sebastian Vettel set the fastest time of final practice for the Brazilian Grand Prix as the weather stayed dry ahead of qualifying




ton

'I'm so happy you can't believe it' - Hamilton

Lewis Hamilton said he was delighted after qualifying fourth for Sunday's British Grand Prix




ton

Hamilton admits Webber was unbeatable

Lewis Hamilton admitted he had no response to Mark Webber's pace at the British Grand Prix but said McLaren could be very proud of its performance




ton

Button relieved race worked out

Jenson Button said his fourth-place finish was as good as he could have hoped for after a challenging weekend at the British Grand Prix




ton

Barrichello hails 'great effort' from his team at Silverstone

Rubens Barrichello said it was a 'great effort' from his Williams team after the Brazilian claimed his second successive top-five finish




ton

Michael Schumacher bemoans Silverstone result

Michael Schumacher confessed himself unhappy with his British Grand Prix after he finished ninth while team-mate Nico Rosberg drove to the podium




ton

Button considered 2016 Olympics entry

Jenson Button says he considered trying to compete for Great Britain at the 2016 Olympic Games in the triathlon




ton

Button: 'I haven't driven a McLaren like this before'

Jenson Button believes the McLaren MP4-30 has the basis to be the best McLaren he has driven since joining the team in 2010 but admits it will not get close to its full potential at this weekend's Australian Grand Prix




ton

McLaren needs a 'bucket load' of pace - Button

Jenson Button says McLaren needs a "bucket load" of both pace and reliability to get anywhere close to being competitive at the Australian Grand Prix this weekend




ton

Hamilton fast but wild in final practice

Lewis Hamilton led the way in the final practice session ahead of qualifying for the Australian Grand Prix, although the session wasn't without a few wild moments for the reigning world champion




ton

Hamilton takes pole by huge margin

Lewis Hamilton secured pole position in the opening qualifying round of his title defence, dominating the session and setting a time nearly 0.6s faster than his Mercedes team-mate Nico Rosberg




ton

Button: Back of the grid is no surprise for McLaren

Jenson Button says McLaren was braced for a spot on the back of the grid in Australia and does not think the race will be much easier




ton

Hamilton beats Rosberg to dominant Mercedes victory

Lewis Hamilton got his title defence off to a flying start with victory over Mercedes team-mate Nico Rosberg at the season-opening Australian Grand Prix




ton

Button: 11th a good starting point

Jenson Button hailed McLaren's Australian Grand Prix a step in the right direction despite finishing out of the points and two laps down on Mercedes




ton

McLaren-Honda working 'relentlessly' - Button

Jenson Button says McLaren and Honda are working flat-out to develop its package but are still bracing themselves for another difficult weekend in Malaysia




ton

Button: Nothing wrong with McLaren steering

Jenson Button is convinced there is nothing wrong with the McLaren MP4-30, despite team-mate Fernando Alonso's latest suggestion that a steering problem caused him to crash in pre-season testing




ton

Rosberg fastest as Hamilton has engine trouble

Nico Rosberg set the fastest time in the opening practice session at the Malaysian Grand Prix as Mercedes team-mate Lewis Hamilton had his session cut short by an engine problem




ton

Hamilton tops FP2 despite niggling issues

Lewis Hamilton set the fastest time in the second practice session despite car problems limiting his track time over the 90 minutes




ton

McLaren getting more from Honda PU - Button

Jenson Button was in an optimistic mood following Friday practice in Malaysia after seeing McLaren make a step forward from its dismal Australian Grand Prix pace




ton

Hamilton beats Vettel to pole in the wet

Lewis Hamilton just took pole position ahead of Ferrari's Sebastian Vettel by 0.074s at the Malaysian Grand Prix as rain played a factor in a tense qualifying session in Sepang




ton

MP4-30 has more downforce than cars in front - Button

Jenson Button is confident his McLaren-Honda has more downforce than the cars in front of him on the grid in Malaysia and is hoping to exploit it at future races when the Honda power unit is closer to its full potential




ton

Button: We're catching midfield teams

Jenson Button says McLaren should be encouraged by its race pace compared to the midfield despite a double DNF in Malaysia




ton

Clouded thinking in Washington and Beijing on COVID-19 crisis

In 2015, an action movie about a group of elite paratroopers from the People’s Liberation Army, “Wolf Warrior,” dominated box offices across China. In 2020, the nationalistic chest-thumping spirit of that movie is defining Chinese diplomacy, or at least the propaganda surrounding it. This aggressive new style is known as “wolf warrior diplomacy,” and although…

       




ton

20 years after Clinton’s pathbreaking trip to India, Trump contemplates one of his own

President Trump is planning on a trip to India — probably next month, depending on his impeachment trial in the Senate. That will be almost exactly 20 years after President Clinton’s pathbreaking trip to India, Bangladesh, and Pakistan in March 2000. There are some interesting lessons to be learned from looking back. Presidential travel to…

       




ton

Hillary Clinton's advice that every Republican candidate should embrace


Hillary Clinton isn’t often in the business of offering unsolicited advice to her Republican—or even Democratic—rivals in the presidential race. However, in a CNN interview with Alisyn Camerota on January 12, 2015, Hillary Clinton did just that. She did something quite taboo. She talked about the presidential transition.

Her comments did not flow from confidence that she would be elected president—a confidence she may indeed have. Her words came from experience, pragmatism and reality. They were words that did not simply reflect her own approach to a candidacy or a prospective administration. It was advice to everyone running for president about the right thing to do—not for themselves, but for the American public.

Clinton said:

I want to think hard—if I do get the nomination, right then and there—how we organize the White House, how we organize the Cabinet, what’s the legislative agenda. You know, the time between an election and an inauguration is short. You can’t wait. I mean, you can’t take anything for granted; you need to keep working as hard as you possibly can. But I think it’s important to start planning because we know what happens if you get behind in getting your agenda out, in getting your appointments made. You lose time, and you’re not doing the work the American people elected you to do.

Presidential candidates almost never speak of a transition until they are declared the president-elect in the late hours of the Tuesday following the first Monday in November. Candidates fear being accused of taking the election for granted, or “measuring the drapes.” They worry such planning will signal to voters an off-putting overconfidence.

Those fears may be legitimate, but acting on those concerns can be dangerous. If a voter believes a candidate should not prepare for a new administration until they are officially elected, that leaves the president-elect about 11 weeks to ready themselves for the busiest, most complicated, most important job in the world. In those 11 weeks, a president-elect would need to think not just about the 15 Cabinet secretaries who serve as the most visible political appointees in government, but literally hundreds and thousands of other posts. (One dirty little secret is that the President of the United States appoints over 3,000 people to his or her administration.)

Presidents have to think about the structure, order, and sequence of their legislative agenda. They need to communicate their intentions and plans to congressional leadership. They need to think about organizing a White House. The truth is from president to president, the White House looks the same from the outside, but is structured and functions dramatically differently on the inside. Presidents have myriad important decisions to make that will set the tone and agenda for the following four years and will affect every American in some way. Eleven weeks is not enough time. Clinton acknowledges this.

Clinton’s “bold” statement actually reflects a reality in American politics. As soon as an individual accepts his or her party’s presidential nomination, they are entitled to funding, office space, and government email and technology as part of the transition process. The Office of Personnel Management is involved, as is (of late) the Office of Presidential Personnel for the outgoing administration. The presidential transition is an essential part of democracy, policymaking, administration, and the continuity of government. Every four years, the government supports two transitions—one that comes to be and one that closes up shop.

In one way however, Hillary Clinton is entirely wrong. Waiting until you receive the nomination is too late to begin thinking about the transition. As I have written before, every presidential candidate should start thinking about a transition as soon as they announce their candidacy. They don’t need a full Cabinet chosen on Day 1 of the campaign, but they should designate one or two close advisers to organize for the process, begin considering names for posts, think through the types of policies to propose in the first 100 days, and begin what is one of the most complicated managerial tasks in the world.

Hillary Clinton is right “it is important to start planning,” and it’s also never too early to do so. I hope Clinton’s claim that one should start upon securing the nomination is a reflection of that fear of the “drape measuring” accusation. I hope she is planning her transition now. I hope Bernie Sanders and Ted Cruz and Donald Trump and John Kasich and everyone else is planning their transition right now. It’s essential. Clinton knows the challenges of setting up a White House and the complications that early disorganization can cause; she saw that dysfunction first hand in 1993. But most candidates have also worked in or around the White House or have been in politics long enough to know the importance of an effective transition. And candidates who haven’t, like Donald Trump and Carly Fiorina, should be more inclined to set up a transition early, as they have more managerial experience than anyone else in the race.

To this end, I have a modest proposal. It probably won’t happen. It’s likely one that candidates would fear, and it would likely only be effective if everyone is on board. Every current presidential candidate should sign a pledge committing to two things. First, by February 1, 2016, they will designate at least one staffer, adviser or confidante as a transition director.  Second, they will not publicly criticize another candidate—of either party—for having a transition staffer or team in place. Call it a “Transition Truce.” But the reality is that such a pledge—and the actions behind it—are essential for a better functioning, better prepared, more effective administration, no matter who it is who swears the oath exactly one year from today.

Authors

Image Source: © Rick Wilking / Reuters
       




ton

Mr. Modi goes to Washington (again)


Next week, Americans will be looking westward to the Tuesday Democratic primary in California. Meanwhile, in Washington, President Obama and then the U.S. Congress will host someone very familiar with electoral politics: Indian Prime Minister Narendra Modi.

This will be the third Modi-Obama summit since the Indian prime minister took office two years ago. Since their first phone call on May 16, 2014, the two leaders have also met multiple times at regional and global gatherings or on the sidelines of those summits. This frequency has been a departure from the past and has even led some—particularly in the Indian media—to ask: why is Modi visiting the United States again? A simple answer would be “because he was invited,” and there are a few reasons why the White House extended that invitation and why Modi accepted.

At a time when [Obama] is being criticized for not having done enough or for doing the wrong thing on foreign policy, he can point to the U.S.-India relationship as a success.

Achievements logged

For President Obama, there’s the legacy issue. At a time when he is being criticized for not having done enough or for doing the wrong thing on foreign policy, he can point to the U.S.-India relationship as a success, particularly in the context of the rebalance to the Asia-Pacific. U.S. popularity is up in India according to polls and three-quarters of those surveyed in India last year expressed confidence in Obama on world affairs. 

President George W. Bush left office after having signed the historic civil nuclear deal with India. Obama can claim to have put quite a few more runs on the board. At a recent Senate Foreign Relations Committee hearing, Assistant Secretary of State for South and Central Asia Nisha Biswal indeed laid out some key developments in the relationship in the Obama era: 

  • the launch of the annual U.S.-India Strategic Dialogue (now the U.S.-India Strategic and Commercial Dialogue); 
  • the long list of functional and regional issues on which the two countries now have dialogues or working groups; 
  • the signing of the Joint Strategic Vision for the Asia-Pacific and Indian Ocean Regions and the deepening cooperation under that framework; 
  • the increase in trade from $60 billion in 2009 to $107 billion in 2015; 
  • the number of jobs that American exports to India have created in the United States; 
  • the tripling of foreign direct investment from India into the United States; and 
  • U.S. defense sales to India increasing from $300 million less than a decade ago to $14 billion today. 
  • Strengthening friendships

    For Prime Minister Modi and the Indian government, the visit represents another chance to strengthen India’s partnership with a country that Modi has called “a principal partner in the realization of India’s rise as a responsible, influential world power.” The United States is India’s largest trading partner and a crucial source of capital, technology, knowledge, resources, remittances, and military equipment. It can also help ensure multi-polarity in Asia, which is a crucial goal for Indian policymakers. 

    The visit is also an opportunity for Modi to engage with legislators and the American private sector—two key constituencies that can help determine the pace of progress in the relationship. House Speaker Paul Ryan has invited the Indian leaders to address a joint session of the U.S. Congress, and Modi will be the fifth Indian prime minister to do so (India’s first prime minister Jawaharlal Nehru gave back-to-back speeches to the House and Senate separately in 1949). But it’ll likely hold special significance for the prime minister and his supporters, given that from 2005 to 2014, then Gujarat Chief Minister Modi was denied entry into the United States. 

    A busy calendar

    Modi’s has a packed schedule in Washington. On June 6, he’ll visit Arlington National Cemetery, meet with the heads of think tanks, and participate in an event involving the recovery and return of stolen Indian antiquities. On June 7, he’ll meet with President Obama, who will also host a lunch for him, and then Defense Secretary Ashton Carter. That will be followed by meetings with business leaders and an address to the U.S.-India Business Council. Expect to see Modi highlight and defend his government’s two-year record on the economy and make a pitch for U.S. businesses to increase their involvement in India—and particularly some of Modi’s flagship initiatives such as Make in India and Digital India.

    Expect to see Modi highlight and defend his government’s two-year record on the economy and make a pitch for U.S. businesses to increase their involvement in India.

    June 8 will be devoted to Congressional engagement, including the joint address, a lunch hosted by Speaker Ryan, and a reception hosted by the House and Senate Foreign Relations Committees, as well as the India Caucus. Modi will acknowledge the legislature’s role and significance in developing the U.S.-India relationship, and will likely highlight the democratic values the two countries share, as well as how India and Indians have contributed to the United States, global growth, and the international order. Importantly, in an election year, Modi will likely note the bipartisan nature of the relationship—there’s no indication yet that he will or wants to meet any of the presidential candidates on this visit, though the sessions potentially offer opportunities for him to do so. Republican members of Congress will also seek to highlight their role in the development of the partnership. The interactions on Capitol Hill will also be a chance for Modi to address some Congressional concerns—such as human rights, Iran, non-proliferation, the investment climate—and for Modi to call for the two countries to “accommodat[e] each other’s concerns.”

    Do not, however, expect to hear the word “Pakistan”—the Indian government wants to avoid hyphenation and get Americans to think of India beyond India-Pakistan terms. Nor should you expect to hear the word “China,” though there might be subtle attempts to note the contrast with that other Asian giant and make the case for the United States to support the rise of a large Asian democracy that can demonstrate that democracy and development aren’t mutually exclusive.

    Parting glance between Modi and Obama

    And what’s on the agenda for the Modi-Obama meeting? In one sense, the last few years have signaled a regularization of U.S.-India leader-level summits (with bilateral meetings in 2013, 2014, 2015, and 2016). Over the last two years, high-level meetings have been effective as action-forcing events. This time, officials have been managing expectations, broadly describing the visit as “part of consolidating and celebrating the relationship.” So this is a chance to recognize the steps that the other side has taken to increase the run-rate of the relationship—particularly on defense and security fronts—and tie up some loose ends with an eye towards sustaining momentum into the next administration (without necessarily tying its hands). 

    In terms of focus areas, the governments have emphasized (to varying degrees) economic ties, energy and climate change, as well as defense and security cooperation. The Obama administration would like to India ratify the Paris agreement, for instance—unlike in the United States, India doesn’t require legislative approval. Indian officials recognize the importance of this issue to Obama, but are also concerned about U.S. policy continuity given the presumptive Republican nominee’s stand on the issue. Delhi, in turn, is partly using the shared desire for India to meet its clean energy commitments to make the case for an American full-court press to facilitate Indian membership in the Nuclear Suppliers Group (NSG)—similar to the Bush administration’s efforts to help India get an NSG waiver in 2008. The U.S. position has been that India is ready for NSG membership and meets requirements for membership of the Missile Technology Control Regime, and it has supported Indian application and eventual membership of both, as well as two other nonproliferation and export control regimes. Asked if Modi would ask Obama to “go to bat for India” with others on this, the Indian foreign secretary didn’t answer directly but noted: “countries that feel we’re doing the right thing...if they take it upon themselves to…articulate their positions and talk to others, this is what friends do for each other.” Modi himself will visit two other NSG members (Switzerland and Mexico) just before and after the U.S. visit partly to make the case for India’s membership.

    The visit will also be a chance to cement and highlight cooperation in and on the Indo-Asia-Pacific region. In addition, observers will be watching to see whether the two countries will sign the Logistics Exchange Memorandum of Agreement (LEMOA)—the logistics support agreement that the Indian defense minister said in April that Secretary Carter and he had “agreed in principle to conclude”—or whether there’ll be further announcements with regard to the Defense Technology and Trade Initiative. There’ll also be interest in whether the countries get serious talks restarted on a Bilateral Investment Treaty, and whether Westinghouse and the Nuclear Power Corporation of India can finalize an agreement to set up reactors in India. Overall, there is a desire to take the relationship to the “next level” but not necessarily in terms of a big deal; rather there’s a search for ways to deepen, operationalize, and institutionalize cooperation—such as through arrangements to share information in the counterterrorism space—and facilitate interaction between an increasing number of stakeholders.

    While highlighting areas of convergence, both sides will likely also discuss the divergences that remain—perhaps including the east-west divergence related to Pakistan, the north-south divergence related to Russia, the security-economic divergence with more progress in the partnership on the former than the latter, and the potential expectations-reality divergence. And while the direction of the U.S.-India relationship is likely to remain the same in the near future, how the two countries deal with these divergences will determine the trajectory and the pace of the relationship.

    Authors

         
     
     




    ton

    Susan A. Thornton

    Susan A. Thornton is a retired senior U.S. diplomat with almost 30 years of experience with the U.S. State Department in Eurasia and East Asia. She is currently a senior Fellow and research scholar at the Paul Tsai China Center at Yale University Law School; director of the Forum on Asia-Pacific Security at the National…

           




    ton

    21st annual “Wall Street Comes to Washington” roundtable

    In the U.S., health care is big business—accounting for nearly one-fifth of the overall economy. And federal health policies often move financial markets. Understanding emerging health care market trends and their implications can provide critical context for federal policymakers. On Tuesday, November 15, the Leonard D. Schaeffer Initiative for Innovation in Health Policy, a partnership […]

          
     
     




    ton

    Clouded thinking in Washington and Beijing on COVID-19 crisis

    In 2015, an action movie about a group of elite paratroopers from the People’s Liberation Army, “Wolf Warrior,” dominated box offices across China. In 2020, the nationalistic chest-thumping spirit of that movie is defining Chinese diplomacy, or at least the propaganda surrounding it. This aggressive new style is known as “wolf warrior diplomacy,” and although…

           




    ton

    Autonomous Vehicles

    Better public policies can make the road smoother for self-driving vehicles and the society that soon will depend on them. Whether you find the idea of autonomous vehicles to be exciting or frightening, the truth is that they will soon become a significant everyday presence on streets and highways—not just a novel experiment attracting attention…

           




    ton

    Clouded thinking in Washington and Beijing on COVID-19 crisis

    In 2015, an action movie about a group of elite paratroopers from the People’s Liberation Army, “Wolf Warrior,” dominated box offices across China. In 2020, the nationalistic chest-thumping spirit of that movie is defining Chinese diplomacy, or at least the propaganda surrounding it. This aggressive new style is known as “wolf warrior diplomacy,” and although…

           




    ton

    Clinton's campaign finance proposal & the long road to reform


    Hillary Clinton’s release of her campaign finance proposals on Tuesday confirms there will be no significant substantive differences on political reform among the aspirants for the Democratic presidential nomination but a huge gulf between the two parties, whoever the nominees.

    Harvard law professor and activist Larry Lessig announced his candidacy for the Democratic nomination this past weekend based on the single issue of political reform, but his quixotic and gimmicky campaign is akin to carrying coals to Newcastle. His only difference with the other Democratic candidates is his insistence that political reform (primarily on campaign finance) should be of the highest priority and other concerns (immigration, wages, climate change, economic inequality, infrastructure, national security) should play second fiddle. Lessig apparently believes that Republican and independent voters will rally to his call and create a broad base of public support for bipartisan cooperation on changing the rules of the electoral game.

    If only it were that simple. The gaping differences between the parties on campaign reform are both ideological and strategic. Republicans are more philosophically disposed to elevate free speech over political equality. They also realize that as presently constituted, their party is advantaged by fewer or no restrictions on money in politics, lower turnout among minorities and youth, and single-member districts. Democrats instinctively reject the argument that money is speech and are comfortable with using public authority to set and enforce the rules of democracy. But they also know that they would benefit from restrictions on big money in elections, guaranteed voting rights for all citizens, and a more proportional translation of votes into seats.

    The Clinton campaign finance proposals generally follow the thrust of liberal reformers: building a counterforce to big money through multiple matching funds for small donors, increasing transparency by requiring timely disclosure of mega-contributions and transfers that now evade public scrutiny, and overturning Citizens United, which set the stage for a Wild West of outsized contributions and spending. Her support for a constitutional amendment to accomplish the latter is a pipedream and probably wouldn’t work if it were adopted. As she acknowledges, appointing Supreme Court justices to change the current 5-4 majority is the more promising route to the desired change.

    Lessig’s dream notwithstanding, this particular agenda will be achieved only if and when Democrats manage to control both ends of Pennsylvania long enough to put the policies and a sympathetic Supreme Court in place. It’s an important choice for voters to consider in the 2016 elections but by no means the only or most pressing one.

    Authors

    Image Source: © Brian Frank / Reuters
          
     
     




    ton

    Evidence on New York City and Boston exam schools

    New York City is wrestling with what to do with its exam schools. Students at Stuyvesant, Bronx Science, and Brooklyn Tech (the oldest exam schools) perform brilliantly and attend the best colleges. Their students score at the 99th percentile of the state SAT distribution (with Stuyvesant at the 99.9th percentile) and they account for the…

           




    ton

    Metropolitan Lens: Youth employment in the Washington, D.C. region


    In a recent analysis, I highlighted how employment and disconnection among young people vary by age, race, and place. In this podcast, I dig deeper into the data on the Washington, D.C. region. Although the area generally performs well on employment measures, not all young people are faring equally well.

    Listen to the full podcast segment here: 

    Authors

    Image Source: © Keith Bedford / Reuters
          
     
     




    ton

    The Case for Corruption: Why Washington Needs More Honest Graft


    Jonathan Rauch describes the concept of honest graft in Washington politics and policymaking. Politics needs good leaders, but it needs good followers even more, and they don’t come cheap. Loyalty gets you only so far, and ideology is divisive. Political machines need to exist, and they need to work.
          
     
     




    ton

    Walk this Way:The Economic Promise of Walkable Places in Metropolitan Washington, D.C.


    An economic analysis of a sample of neighborhoods in the Washington, D.C. metropolitan area using walkability measures finds that:

    • More walkable places perform better economically. For neighborhoods within metropolitan Washington, as the number of environmental features that facilitate walkability and attract pedestrians increase, so do office, residential, and retail rents, retail revenues, and for-sale residential values.

    • Walkable places benefit from being near other walkable places. On average, walkable neighborhoods in metropolitan Washington that cluster and form walkable districts exhibit higher rents and home values than stand-alone walkable places.

    • Residents of more walkable places have lower transportation costs and higher transit access, but also higher housing costs. Residents of more walkable neighborhoods in metropolitan Washington generally spend around 12 percent of their income on transportation and 30 percent on housing. In comparison, residents of places with fewer environmental features that encourage walkability spend around 15 percent on transportation and 18 percent on housing.

    • Residents of places with poor walkability are generally less affluent and have lower educational attainment than places with good walkability. Places with more walkability features have also become more gentrified over the past decade. However, there is no significant difference in terms of transit access to jobs between poor and good walkable places.

    The findings of this study offer useful insights for a diverse set of interests. Lenders, for example, should find cause to integrate walkability into their underwriting standards. Developers and investors should consider walkability when assessing prospects for the region and acquiring property. Local and regional planning agencies should incorporate assessments of walkability into their strategic economic development plans and eliminate barriers to walkable development. Finally, private foundations and government agencies that provide funding to further sustainability practices should consider walkability (especially as it relates to social equity) when allocating funds and incorporate such measures into their accountability standards.

    The Great Recession highlighted the need to change the prevailing real estate development paradigm, particularly in housing. High-risk financial products and practices, “teaser” underwriting terms, steadily low-interest rates, and speculation in housing were some of the most significant contributors to the housing bubble and burst that catalyzed the recession. But an oversupply of residential housing also fueled the economic crisis.

    However, a closer look at the post-recession housing numbers paints a more nuanced picture. While U.S. home values dropped steadily between 2008 and 2011, distant suburbs experienced the starkest price decreases while more close-in neighborhoods either held steady or in some cases saw price increases. This distinction in housing proximity is particularly important since it appears that the United States may be at the beginning of a structural real estate market shift. Emerging evidence points to a preference for mixed-use, compact, amenity-rich, transit-accessible neighborhoods or walkable places.

    Download » (PDF)

    Downloads

    Authors

    Image Source: Kevin Lamarque / Reuters
          
     
     




    ton

    France’s and Italy’s New ‘Tony Blairs’: Third Way or No Way?


    Thanks in large part to his decision to participate in the war in Iraq, former British Prime Minister Tony Blair is a controversial figure in Europe. Yet, Blair’s legacy as a center-left reformer is alive and well in two of Europe’s ruling center-left forces, France’s Socialist Party (PS) and Italy’s Democratic Party (PD).

    Both Italy’s Prime Minister Matteo Renzi from the PD and French Prime Minister Manuel Valls of the PS bear strong similarities to the former leader of Britain’s “New” Labour Party. As Blair was when he took office, they are young–Valls is 52 and Renzi is just 39; they are centrists; and they have excellent communication skills that allow them to present themselves as harbingers of change.

    Taking a Page Out of Prime Minister Blair’s Book

    Renzi and Valls will have to take three pages out of Blair’s book if they want to replicate his electoral achievements: 

    1. They must wrest control of their parties from the old guard; 
    2. They must take control of the political agenda by giving it a centrist thrust (along the lines of Blair’s ‘Third Way’ between conservatism and social democracy); 
    3. They must take control of the political center, even at the cost of shedding votes on the left.  

    Renzi is far ahead of Valls in all three respects. He has taken over the PD (via an open primary election which he won resoundingly) after a bitter fight against the party’s old guard. Since taking office in early 2014, he has shown a remarkable ability to dictate the terms of the political debate. While he became prime minister via an inner party coup rather than a general election, he sailed triumphantly through his first electoral test: the European Parliament elections of May 2014. The PD won a larger share of the votes than any other Italian party since the 1950s (41 percent), tapping into constituencies such as entrepreneurs and businessmen who all have a long tradition of contempt for the left.

    However, none of Renzi’s achievements rest on firm ground. The main reason is Italy’s appalling financial predicament. The economy has performed abysmally since the 2008 to 2009 recession. Unemployment is over 12 percent, the labor market is overly protective of certain categories and overly unfair to others (particularly the young), the public sector is costly and ineffective and the judicial system byzantine and not entirely reliable. Renzi continues to face harsh criticisms from within his party as his reform agenda flies in the face of traditionally left-leaning constituencies (a few weeks ago the main leftist trade union managed to get about a million people to the streets in protest against a labor market reform bill). Finally, Renzi’s room for maneuver is severely constrained by the tight fiscal rules imposed by the European Union (EU).

    For Valls, the path to leadership is a more complicated matter. This is largely due to France’s constitutional set-up, in which the prime minister runs domestic policies but is second in authority to the president. This involves for Valls a variation from Blair’s three-step process—as prime minister, his most urgent priority is not leading the PS but pushing forward a political agenda capable of winning over the political center. He was appointed to the premiership by the current president, the socialist François Hollande, because his previous stint as a tough-talking interior minister and his profile as a business-friendly politician and skillful local manager made him fairly popular with the public. Hollande’s decision was a desperate attempt to revive his own popularity, which has plummeted to unprecedented lows only half-way into his 5-year term, by imparting a new, essentially more pro-market direction to his presidency. Since he stepped in, Valls has tried to change the political agenda by advocating reduced labor costs and lower taxes on businesses.

    Like Renzi, Valls is confronted with both internal and external challenges. The first is of course that, although in charge of domestic policies, he is still second-in-command to a highly unpopular president. Because he does not control the PS, Valls faces stiffer opposition to his centrist agenda from within the party than does his Italian counterpart. His calls for a ‘common house’ for reform-oriented leftists and rightists have, unsurprisingly, met with acerbic criticism in the PS. France is in a better economic state than Italy and the government machine is as efficient as ever; yet the French have shown an idiosyncratic resistance to reform which Valls might lack the political authority to overcome. And Valls, just like Renzi, must also make decisions that both help France and comply with EU fiscal rules.

    What to Make of Continental Europe’s New Blairs?

    In spite of the huge challenges Renzi faces both at home and in the EU, he seems to be the better positioned. Realistically, the chances that he will successfully revive Italy’s economy are slim. Yet Italians do not dream of an era of prosperity, but one of action. Provided Renzi can show that he has begun to tackle the many roadblocks on the path towards growth, Italians are likely to see him as a safer bet than the opposition, which consists of Silvio Berlusconi’s much weakened center-right party and the comedian-turned-politician Beppe Grillo’s anti-establishment 5 Star Movement.

    Valls has a harder road ahead. His approval ratings now hover at just around 36 percent (though no other center-left French politician fares much better). He certainly has a popularity problem in his own party during the last presidential campaign, he won only 5.5 percent of the votes in a PS primary contest. Yet Valls also stood out as a credible politician and is now in a position to attract more support. He encapsulates the second half of Hollande’s presidential term, which has made a decision to openly target centrist voters. If Valls manages to regain, at least in part, the favor of the public, the PS might in the end see him as a more appealing presidential candidate in 2017 than Hollande, whose credibility is in poor shape.

    Appearing to the public the safer bet is the mark of shrewd politicians. But strong leadership requires one step further. Blair mapped out a course towards prosperity in the much more competitive world of globalization; this, the Iraq war notwithstanding, secured him three electoral victories in a row. For Renzi and Valls, the time to do something alike cannot come soon enough.

    Image Source: © Jacky Naegelen / Reuters