Roddy on Recession (and did you hear the one about the G-20 coming to town?)
Just too much out there. The huge pension story today is completely subsumed by the G-20 stuff. Even the big reassessment hearing next week could be lost in the shuffle as far as the public is concerned. Both of those things are culminations of some of the biggest news stories impacting the city and county for decades, and how they resolve themselves will have impacts for decades to come. Could spend weeks writing on each of them. You would think there would be whole blogs focused just on the county's assessment mess which could now impact the entire state or the city's pension problems which will soon impact most everything. We'll wait until things blow over a bit. But if you are a real policy wonk, read the pension story and that little line about how the "city has long used calculations that "artificially" allow it to put less into its pension fund than it should."
But for now on the economy, that other minor little story out there. The Columbia Journalism Review is out with an interview with local PG reporter Dennis Roddy on reporting about the recession here. More on nearby recession impacts are all of the potential closings just over the PA/Ohio border that could result from the imminent GM bankruptcy.
And as much as we may be hyperventilating over this; one UN observer has commented that a) This has been a good year for Pittsburgh, but b) it also muses that what comes out of the summit could be remembered in history as the "Pittsburgh Agreement". Can you imagine? We have not been so important in world affairs since we helped create Czechoslovakia.