Recession
TOD Boom Goes Bust in Seattle
A transit-oriented development boom in Southeast Seattle is coming to a halt, as the economic recession sets in.
Last Call for Britain's Pubs?
Between new taxes, a smoking ban and the economic downturn, many towns and cities in the UK may soon lose their local pubs.
One-Fourth of Las Vegas Commercial Real Estate in Trouble
With the gambling industry facing lower demand, commercial real estate is being hit hard in Las Vegas, where nearly $8 billion worth of real estate is in trouble.
Friday Funny: Building the Nation Out of the Crisis
This piece from The Onion presents the incredibly simple solution to the nation's economic troubles: build more houses.
Evolution in Industrial Towns
Amid the recession, industrial towns in the Rust Belt have been forced to evolve as jobs dry up. But this is nothing new for the region, where towns have been re-imagining their economies for decades. NPR reports.
Ports Weather Recession as Investments Pour In
The entire country is in recession, but the nation's ports are experiencing a flood of interest from investors, according to this article from Reason.
New York's 'Slaughtered Neighborhoods'
Likening the impact of the economic crisis to a dirty bomb or a "second 9/11", Tom Engelhardt takes the reader on a tour of what remains of his once-vibrant New York neighborhood.
With Nowhere to Go, Rail Cars Stall and Stay Put
Over a hundred boxcars have sat for about a year in an Indiana hamlet, proving to be the biggest nuisance to those who, live, and play near them. Of no use to railroad companies with nothing to ship, such rail cars now sit idle all over the country.
Beverly Hills, Too, Loses Sales Tax Revenue
Drops in tourism and luxury car sales are among the reasons why the ritziest cities in Southern California are not impervious to the recession.
Census Reveals Recession’s Effect On Migration
The U.S. Census Bureau released its report for the year ending July 1, 2008. It showed that the effect of the recession was to reduce domestic migration from the Northeast and Midwest to the West and Sunbelt. Utah was the fastest growing state.
The Lesser Evil
Due to the collapse of local tax revenues caused by the national economic downturn, many transit systems may face shortages of money over the next year or two. Assuming this is the case, transit providers will have to either raise fares or reduce services by eliminating bus routes or otherwise reducing transit service. It seems to me that raising fares is generally the lesser evil, both from the standpoint of an individual rider and from the standpoint of the transit agency itself.
Climate Protection Jeopardized By Financial Crisis & Recession
The worldwide credit crisis will affect the ability of the developed world to tackle climate change. Businesses in Europe and U.S. are asking for delays in meeting emission reductions mandates notwithstanding the drop in oil prices.
Best Cities To Live in During a Recession
Business Week looks for the most recession-proof cities, using as their main criteria an abundance of jobs in stable industries like government, health care, and education.
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