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Monday, December 22, 2008

New York Times Profiles the Economic Downturn in Columbia


The New York Times has profiled Columbia, South Carolina's worsening economic climate in a story published today titled "Reeling South Carolina City Is a Snapshot of Economic Woe." According to the Times, Moody's Economy.com has determined that "based on a range of indicators, from job growth to change in household worth — this metropolitan area came closer than any other to being a microcosm of the nation over the last decade."

The article, which describes the tightening credit market and rising unemployment, mentions Mayor Bob Cobles' hope to capture some of the $775 billion that the incoming President proposes to spend on infrastructure projects like bridges, roads and classrooms, to put people back to work.

The full article is here.

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