…Looking at real GDP growth over these periods, the 2002–09 era looks very weak, with only 1946–49 having a lower average annual rate of growth (in these years, GDP averaged an annual decline of 2.01 percent). Average annual real GDP growth was 1.72 percent for the 2002–09 period, much lower than the average of 3.97 […]
By COREY WILLIAMS (AP) DETROIT — Doors are expected to shut on more than a quarter of Detroit’s 172 public schools in June as the district fights through steadily declining enrollment and a budget deficit of more than $219 million, an emergency financial manager said Wednesday. Three aging, traditional and underpopulated high schools would be […]
Detroit is a city in terminal decline. When film director Julien Temple arrived in town, he was shocked by what he found – but he also uncovered reasons for hope By Julien Templewww.guardian.co.uk, Wednesday 10 March 2010 20.00 GMT When filmmaker Roger Graef approached me last year to make a film about the rise and […]
Declining finances, rising health care costs threaten a generation Not so long ago, Michael Blattman lived in the upscale Washington, D.C., suburb of Potomac, Md., earning $225,000 a year as senior vice president for a student loan company. As he reached his 50s, it never really occurred to him that his job wouldn’t last forever. […]
Report for the UN into the activities of the world’s 3,000 biggest companies estimates one-third of profits would be lost if firms were forced to pay for use, loss and damage of environment [UPDATE: Fixed broken link to Stern review – thanks to the good folks at LearnStuff.] By Juliette Jowitwww.guardian.co.uk, Thursday 18 February […]
The MBA reports: Mortgage Applications Decrease in Latest MBA Weekly Survey The Market Composite Index, a measure of mortgage loan application volume, decreased 2.1 percent on a seasonally adjusted basis from one week earlier. … The Refinance Index decreased 1.2 percent from the previous week and the seasonally adjusted Purchase Index decreased 4.0 percent from […]
By Phil Sands, Foreign Correspondent psands@thenational.ae Last Updated: February 10. 2010 12:20AM UAE / February 9. 2010 8:20PM GMT DAMASCUS // Free market economic reforms have helped create a “catastrophe” in eastern regions of Syria, greatly exacerbating the effects of a devastating drought, according to leading critics of government policy. Speaking at a weekly meeting […]
Associated Press • February 2, 2010 More Michigan counties are returning stretches of previously paved roads back to gravel to save money. The County Road Association of Michigan said Tuesday that 35 miles were returned to gravel in 2009. Thirty-eight counties have combined to pulverize about 100 miles of pavement and lay down gravel in […]
By Kate CampbellAssistant Editor Issue Date: February 3, 2010 As a panel of leading scientists convened last week to examine information used to restrict water transfers from the Sacramento-San Joaquin Delta on behalf of protected fish, the state’s water supply situation took on new complexities. Water districts and elected officials in the San Joaquin Valley […]
By Michael BoothThe Denver PostPosted: 01/31/2010 01:00:00 AM MSTUpdated: 02/03/2010 04:39:29 PM MST COLORADO SPRINGS — This tax-averse city is about to learn what it looks and feels like when budget cuts slash services most Americans consider part of the urban fabric. More than a third of the streetlights in Colorado Springs will go dark […]
