As the far-reaching economic consequences of the popping of the housing/credit bubble unfold, local governments are feeling the pain. Snohomish County faces a $9 million shortfall for 2009, forcing a hiring freeze. While down in King County, Ron Sims just announced that 255 jobs will be cut. Financially ailing King County will send layoff notices…
Tag: Talton
Local Economy in for a “Long Slog”
Jon Talton wrote a great article for the Times a few days ago that goes deeper than the usual “Boeing! Microsoft! Pink Ponies!” type articles and explores all the ways the Seattle region is exposed to the slowing economy: For local economy, it’ll be a long slog. …the national slowdown is finally hitting the Puget…
Seattle Clearly At Risk in Credit Retraction
Speaking of the economy, here’s a headline I never expected to see in The Seattle Times, let alone above the fold on the front page of the Sunday paper: I guess this is a surprising discovery for some people—something that is considered big news. Here are some choice excerpts from the article: “If things get…