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Current Economic Conditions, February 2009 Federal Reserve Bank of San Francisco 50 pages...
...about cutbacks at factories in some part of the country far from where you live. But, as dry as much of the Federal Reserve Beige Book can be, there's something calming about its comprehensiveness, a sense of solidarity in misery. Oil extraction is poor in Texas, restaurants in San Francisco are doing badly, and the peanut industry - let's not talk about the peanut industry. The Fed predicts things are going to get worse over the next year. Flip through this report, despair, then go watch a Pixar flick...
...offered a five-bedroom home in an Atlanta suburb for a house worth $100,000 more in either the metro Atlanta area, North Florida or Las Vegas. Another listing, by an 84-year-old widow, offered to trade her three-bedroom home in Scottsdale, Ariz., for one in the San Francisco Bay Area, which was closer to her family. A listing on besthouseswap.com advertised a lakefront condo in Branson, Mo., for property "in any other state...
...very, very sorry to say that my business is skyrocketing," the personal-finance guru Suze Orman said one late January afternoon. The Dow was down almost 200 points, and Orman was lounging on the terrace of her San Francisco town house, wearing a leopard-print tunic and cowboy boots. She looked up and popped a grape into her mouth. "This is happening because of the lies and deceit and greed of Wall Street, the mortgage companies, the SEC, the Administration," she said, growing agitated. Her outlook on the economy is practically apocalyptic: Millions more jobs will be lost, the stock...
...There's no shortage of rooms to rent in the Old Town. Budget hotels and hostels are mostly clustered in Getsemani. Midrange and upscale accommodations can be found everywhere, many in El Centro or San Diego; the latter was once a middle-class neighborhood but is now peppered with million-dollar homes like the one 17 of us rented: a 200-year-old, eight-bedroom, blue row house (Casa Santissimo, San Diego), which goes for $2,500 per week...