Bypassing the bust: the stability of upstate New York's housing markets during the recession

Over the past decade, the United States has seen real estate activity swing from boom to bust. But upstate New York has been largely insulated from this volatility, with metropolitan areas such as Buffalo, Rochester, and Syracuse even registering home price increases during the recession. An analysis of upstate housing markets over the most recent residential real estate cycle indicates that the region's relatively low incidence of nonprime mortgages and the better-than-average performance of these loans contributed to this stability.Recessions ; Real estate investment ; Subprime mortgage ; Housing - Finance ; Mortgage loans

New measures of economic growth and productivity in upstate New York

Newly available measures of GDP at the metropolitan area level now afford a more comprehensive view of regional economic activity. An analysis of upstate New York's economic performance using these measures points to below-average output growth between 2001 and 2006 along with productivity levels and productivity growth below the U.S. average. The region's performance overall, however, is somewhat better than that of many manufacturing-oriented metro areas in the Great Lakes region.Federal Reserve District, 2nd ; Productivity ; Industrial productivity - Measurement ; Gross domestic product

Noril'sk/Siberian plateau basalts and Bahama hot spot: Impact triggered?

Twenty-eight years after one of us argued that Sudbury was an astrobleme, this interpretation has only recently attained wide acceptance; not so for the view that the Sudbury Cu/Ni sulfide ores are cosmogenic. Other research has provided the triggering of plateau basalts by super-large impacts a modicum of respectability. The recent apparent successful tying in of the K/T extinctions to the Chicxulub astrobleme in the Yucatan encourages the search for an impact event that may have caused the other two major post-Paleozoic extinctions (P/Tr, Tr/J). This gives us heart to offer two further outrageous hypotheses. The cosmogenic concept for the Sudbury ore deposite remains viable because it is giant, nonultramafic, and unique (except for Noril'sk). The Triassic/Jurassic boundary catastrophic extinctions have been attributed to the Manicouagan asteroidal impact, but recent radiometric dating indicates these events are diachronous (Manicouagan astrobleme 212 +/- 2 Ma and Tr/J boundary 200 Ma)

Liberty Street School: Reuse and Rehabilitation Feasibility Report

It is recommended that the iron fire escapes on the east and west elevations be removed because they do not meet current fire codes as a proper means of egress from the building. The metal railings should also be removed and replaced with railings that meet current building code with a proper height

The demand for local services and infrastructure created by an aging population

Upstate New York, with a growing senior population, is seeing an increase in the number of frail and disabled elderly who rely on local services and infrastructure and are concentrated in the inner cities and older suburbs. While local governments and institutions will face greater pressure to provide services and infrastructure to this expanding segment, the challenge may prove especially difficult for many upstate communities, given their environment of slow economic growth and fiscal stress.

A leaner, more skilled U.S. manufacturing workforce

While the U.S. manufacturing sector has contracted sharply since the early 1980s, employment in high-skill manufacturing occupations has risen by an impressive 37 percent. An investigation of the growth in high-skill manufacturing jobs reveals that virtually all of the nation's industries have shared in this trend. Moreover, skill upgrading has occurred in all parts of the country, even those experiencing severe employment losses.Manufacturing industries ; Employment ; Labor market ; Employees, Training of

Disaster and Gender in Southern Illinois

The unique needs of women in the context of disaster have been largely overlooked in disaster management. For this reason, women have been hard-hit by natural disasters in the United States and internationally. However, by learning from the mistakes of the past, the negative effects of disasters on women may be mitigated through disaster management that is sensitive to the different needs and experiences of women and men. Illinois is at risk for a variety of natural disasters including floods, tornadoes, earthquakes, and storms. Some areas of the state, including southern Illinois, are more vulnerable due to social characteristics such as high poverty rates, high rates of single parent households, large elderly populations, and above average rates of domestic violence and sexual assault. Men’s and women’s experiences of these social vulnerabilities within the context of disaster are different. Research on past disasters has documented the ways that gender-based social roles and social gender equality determine how hard and in what ways women are hit by disasters. More often than not women continue to shoulder the bulk of caretaking responsibilities. Further, women have different needs in regard to health, and safety from violence. The negative effects of disaster on women and the communities that they reside within can be reduced by preparedness plans that consider the needs of women. Before a disaster hits an area, local leaders should be aware of towns or counties with high rates of gender-based violence, single parent households, and poverty as those women are especially at risk in a disaster. Leaders should also be aware of areas that have a greater than average population of children, the elderly, or disabled persons. Evacuation plans should be tailored with these characteristics in mind

The predictive abilities of the New York Fed's Empire State Manufacturing Survey

Business surveys often give early signals of the direction and magnitude of economic activity. One release, the relatively new Empire State Manufacturing Survey, is demonstrating an ability to provide information ahead of U.S. production and employment trends. In fact, the predictive power of this survey appears to be at least equal to that of two established manufacturing surveys. This issue is part of the Second District Highlights series.Manufactures - New York (State) ; Economic indicators ; Forecasting

The role of colleges and universities in building local human capital

Colleges and universities can contribute to the economic success of a region by deepening the skills and knowledge—or human capital—of its residents. Producing graduates who join the region’s educated workforce is one way these institutions increase human capital levels. In addition, the knowledge and technologies created through research activities at area universities may not only attract new firms to a region but also help existing businesses expand and innovate. These “spillover effects” can in turn raise the region’s demand for high-skilled workers.Human capital ; Universities and colleges ; Regional economics ; Technology - Economic aspects ; Research