follow those stories
PG posts a graphic from the Calculated Risk Blog comparing past US recessions to this one. I have not updated it, but if you want to see the Pittsburgh perspective in the same type of graph, it was in this post last year.
Last week I mentioned the problem that snow days meant minimal, or no, Meals on Wheels for many seniors for an extended period last week... I had not thought as much about the corollary impacting many kids who rely on food programs at their schools. See the AP writeup on that.
Trib has a story an the economic cost of the snow storm(s) here. It comes in higher than the number I had here last week but the methodology is much the same. I was figuring a city number, and looks like they were quoting a similar back of the envelope number from Professor Lave for the entire region. The only difference between the two is that I'd quibble with the implicit assumption that the snow day had everything shut down at any point which I don't think is true. But whichever numbers you look at, the 'cost' of being shut down is orders of magnitude higher than the $$ spent on dealing with the snow directly. In fact, if you take Professor Lave's numbers, the cost-benefit analysis would be an even stronger argument for doubling public expenditures for snow removal to minimize disruptions from this type of situation even if it only happened once a year.
PG also looks at the impact of government fragmentation on how we dealt with the snow. Just worth looking again at the graphic I had in the PG last month showing just how fragmented local government is... Talking about it, or seeing a few numbers just does not really show the situation.
PG also has an oped from Elsie Hillman and and David Roderick on their past report looking at the state of city's finances. Over the years it has been a cottage industry to study the city's finances and a slew of past reports I try to keep compiled among the things I have online here fyi.
And the Pittsburgh Parking Chair gets a few more mentions out there including this in the Delware News Journal.
Up in Cleveland a story worth a read: Suburbs losing jobs faster than city of Cleveland, new data show. Is that the situation here?
also from Cleveland and this is funny with a Pittsburgh reference to boot. Read: For good or bad, Cleveland is among the most listed cities: Ted Diadiun
and finally... for now. Inky writes of the dire state of Atlantic City casinos. I'll add this in here since it kind of got lost in the snow-obsession last week. Given that the Rivers Casino had to shut down entirely that Saturday and must have been hit by the bad weather the Friday before that, their revenues that week were nowhere near as bad as I expected. Bad, mind you, but I expected a week worse than G20 for them and they came in a bit higher. Really really bad numbers out at the Meadows casino though. For both I do now believe they must be burning cash pretty quickly at anything near recent revenues.
finally finally. After reading the last line: Ouch.