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I have a large, and growing, stack of books sitting beside my bed. It is a symptom of my interest in reading exceeding my actual capacity to read, given all the other things I'm doing. However, summer is a good time to get caught up and over the long weekend I did finish reading, The Global Edge: Miami in the Twenty-First Century. It was great, and so now I can confidently recommend it to all of you.
The most interesting storyline for me was the leading role that "pre-Mariel" Cubans (more on this below) played in transforming Miami from a winter destination to an emerging global city. According to 2015 figures, the City of Miami's population is 70% Hispanic, of which 34% are Cuban. About 70% of the city's population speaks Spanish at home. And only about 11.9% of the population is white (non-Hispanic).
But the bit that really intrigued me was the distinction that Alejandro Portes and Aerial C. Armony make between the "pre-Mariel" Cubans who arrived in the 1960s and 1970s -- many of whom became successful entrepreneurs -- and the "Marielitos" who arrived in the 1980s onward. This latter group has, on average, not seen the same kind of financial successes as its predecessors.
The other thing that I think many of you will appreciate is that the authors recognize that all urban phenomena are inherently spatial. And so almost everything they discuss is described in terms of its physical manifestation within the city. Perhaps the most stark is the region's growing inequality. Wealth along the water; poverty inland.
Here's some more information on the book if you're interested.
Photo by Alejandro Luengo on Unsplash
Bill Gates recently spoke with David Rubenstein at the Economic Club of Washington, D.C. Full video, here.
The bit that got a lot of attention is his admission that Microsoft should have dominated in mobile (in lieu of Android). The core competencies were all there and the company was in investing in mobile at the time.
The technology discussions in general are interesting, but I also really enjoyed hearing about his efforts to address climate change. He spends a good chunk of time talking about that. Strongly recommend. (Related link: Breakthrough Energy.)
On a somewhat unrelated note, this is also the first time I've seen every question and answer neatly transcribed below a video. This makes it very easy to find the parts that may be of interest. All video discussions should have this.
Here is a chart from a recent WSJ article on the topic:
Not surprisingly, this is changing how marketers target households. Affluent, single-person households in urban areas have proven to be a boon to product makers because they tend to spend more per person and they tend to value time > money. Of course, this phenomenon also has implications for those of us who work as city builders.
For more historical household tables from the US Census Bureau, click here.
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