Wednesday, December 29, 2010
It's the economy, stupid!
Time and again, history has shown the importance of a solid economy.
Unfortunately, we seem to rarely learn from that history.
The ripple effect of a poor economy is pervasive, with unintended consequences that eventually reach everything...
Unfortunately, we seem to rarely learn from that history.
The ripple effect of a poor economy is pervasive, with unintended consequences that eventually reach everything...
Jeff Green and Tim Jones report at Bloomberg.com:
"From Los Angeles to Atlantic City, the New Jersey gambling resort whose credit rating Moody’s Investors Service cut by three levels last month, property owners are demanding lower taxes after real-estate values plunged. The disputes over billions in dollars come as municipalities are already slashing services such as police and fire protection and may depress revenue further as communities try to recover from the longest recession since the 1930s."
