Heap on the bad news
Oh, why not? On a day when the Dow fell 360 points comes word of a new report by Goldman Sachs economist Jan Hatzius, who believes that California's economy is headed towards recession. Which means the U.S. is headed towards a recession. The state's steadily higher unemployment rate - influenced by all the housing woes - is cited for the dour conclusion. Footnote: L.A. unemployment in September was significantly lower than the statewide figure (5.1 percent vs. 5.6 percent), though that might change with the writers strike.
4:12 PM Wednesday, November 7 2007 • Link
Email or share:
Email or share:
© 2003-2008 • About LA Observed • Contact the editor
| Forget plastics, the real action these days is arranging going-out-of-business sales.
| Louis Verdad was one of L.A.'s hottest designers, but he had little idea of how to run a business.
| Without referencing its recent layoff, the Ventura County Star's editor says the suburban LA paper is now "more streamlined and, in many ways, much more efficient."
| We stripped the Indians of their ponies, and now we're doing it to ourselves.
| When the sun looks like that, there's a big fire somewhere regardless of whether we see or smell smoke.
Lee Abrams, Tribune Company's chief innovation officer, doesn’t seem too impressed with the Los Angeles Times. That’s the feeling I got when he appeared at the Los Angeles Press Club.
Seven or fifteen minutes from now I can definitively say I didn't hear the sound of sirens.
Sponsors
Premium Blogads
Books, Blogs & Events