Pasadena Chamber of Commerce

I’d never heard of CEOs for Cities, but they are claiming urban America will lead the recovery. http://www.ceosforcities.org//membership From the web site: CEOs for Cities was founded on the understanding that cross-sector, cross-issue partnerships are critical to the success of cities. We also understand that there are no “best practice” solutions that work for all [...]

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http://www.economy.com/mark-zandi/documents/Economic_Stimulus_House_Plan_012109.pdf Mark Zandi of Moody’s wrote the whitepaper on the American Recovery and Reinvestment Act in January. His conclusions: it will work, but it will take more money and more stimulus to avoid sinking into a full-fledged depression. Interesting reading. The background information makes it clear things are very distressed on all fronts. Paul

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This is interesting, a different take in yesterday’s LA Times from Edward L. Glaeser. Opinion California’s green meanies By putting up barriers to new development in the state, environmentalists push homes to areas that are far less environmentally friendly. By Edward L. Glaeser March 4, 2009 California environmentalists are tireless in their efforts to stop [...]

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As the LA Times reports, everybody suffers: Boom gives way to bust in Ireland’s oversold economy Email Picture Associated Press Plans to build the U2 Tower in Dublin have been shelved as a result of a souring economy in Ireland and internationally. When even U2 sees the plug pulled on a real estate project, you [...]

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The stock market slammed us again yesterday and the world markets are following today. From the LA Times: Shell-shocked investors flee stocks Email Picture Justin Lane / EPA Traders work on the floor of the New York Stock Exchange at the end of the trading day. The Dow falls almost 300 points to close below [...]

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