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Spin Control

Posts tagged: economy

Not a list we aspire to make

Different organizations regularly put out lists of cities that they think are the most livable, most environmental, best for kids or seniors or families.

And then there are the other lists, the mirror images of the ones above.

Daily Beast has a new list of the latter category. Brokest Cities in America.

And no, Spokane isn't on it. In fact there's only one city from Washington or Idaho on it.

So, see. Things could be worse.

State economist: Risk of recession increasing

OLYMPIA — Washington's economic outlook for the current budget cycle has gone from cautiously optimistic to “a sinking feeling of pessimism,” the state's chief economist said Thursday.

“The risk of the economy slipping back into recession has increased significantly,” Arun Raha said in the latest economic and revenue update.

In June, Raha was confident that Washington and the rest of the United States would avoid a “double dip recession” and that growth would continue, although slowly.

Since then, debt problems have spread beyond in Europe, the U.S. government barely avoided a default on U.S. bonds but couldn't escape a downgrading by a major rating agency, and consumer confidence “is in the tank.”

State job growth hasn't been as strong as projected, the single-family housing construction sector remains flat, banks and local governments have been laying off workers and about the only manufacturing sector growing is aerospace.

Oh, and by the way, state revenue collections are down about $9 million below forecast since June.

The next full revenue forecast is due in mid September. A significant drop in projected revenues could lead to a call by some legislators for a special session to make deeper cuts, sooner.
State agencies already were ordered to identify ways they could cut their budget by as much as 10 percent.

Tweeters ask Obama about jobs, taxes, economy

President Barack Obama answered questions about jobs, the economy, taxes, welfare and space programs in the first Twitter Town Hall meeting.

But nothing about marijuana, which was among the most “retweeted” topics before the session started.

The session allowed people around the country to send questions to Obama at the White House with a Twitter moderator. He acknowledged that he underestimated the recession and talked about the debt ceiling talks taking place this week.

For a complete transcript of the 90 minute session, courtesy of the White House Press Office, or to comment, click here to go inside the blog.

Green jobs in the Evergreen state

OLYMPIA – Washington counted twice as many people working in “green” jobs last year as in 2008.

Although changes in the way jobs were counted are responsible for much of that growth, the state still saw an increase in people building wind turbines, constructing new energy-efficient buildings or retrofitting old ones, and manufacturing or shipping the supplies needed cut energy use or clean up ecologic messes.

Gov. Chris Gregoire hailed the new figures as rare economic good news in the midst of the recession.

Fun video: Singing the blues about being in the red

This little ditty about the economy isn’t bad for the first 90 seconds, although it does get a bit repetitive. In the old American Bandstand lingo, I’d give it an 85: some of  the words aren’t much, but it’s got a good beat…

Today’s fun video: Stewart raps CNBC

Jon Stewart on the Daily Show points out a few bad calls by CNBC, after Rick Santelli’s outburst against “loser” homeowners.

And if you want some of the latest videos in the Rush Limbaugh is the head of the GOP saga, go inside the blog.

 

Today’s fun video: If the recession were an Oscar nominee. . .

… which movie would it be?

This video, courtesy of Funny or die, weighs in. (Hint: Not “Slumdog Millionaire.”)

The Uncler w/ Uncle Sam and Alyssa Milano from Alyssa Milano

 

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About this blog

Jim Camden is a veteran political reporter for The Spokesman-Review.


Jonathan Brunt is an enterprise reporter for The Spokesman-Review.


Kip Hill is a general assignments reporter for The Spokesman-Review.

Nick Deshais covers Spokane City Hall for The Spokesman-Review.

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