Your Great Escape, on Sightline's Dime
Here’s the deal: From today until October 29, if you sign up for a Sightline Daily email (either Sightline Daily or the Weekly Score), you’ll be entered to win a three-day, two-night getaway for two to Vancouver, BC. We’re calling it the “Escape to Vancouver Sweepstakes.”
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Special Series
Economic Turnaround
In a Series
The Hope in Economic Crisis
On Friday, Paul Krugman summed up the economic news:
As recently as three weeks ago it was still possible to argue that the state of the U.S. economy, while clearly not good, wasn’t disastrous — that the financial system, while under stress, wasn’t in full meltdown and that Wall Street’s troubles weren’t having that much impact on Main Street.
But that was then.
The financial and economic news since the middle of last month has been really, really bad. . . . Indicators of financial stress have soared to the equivalent of a 107-degree fever, and large parts of the financial system have simply shut down.
Over the weekend, things deteriorated further as news spread of plummeting consumer spending, imploding credit markets, and bank collapses in Europe. The worse-case scenario of an economic free fall, like a jet stalling in mid-flight, is starting to seem less farfetched.
With this post, we are launching a Daily Score series to monitor and comment on the economic crisis and its implications for Cascadia’s jobs, businesses, and communities; for our climate; and for our shared natural heritage. Neither I nor anyone else at Sightline has great expertise on financial institutions. Consequently, we will not plumb the depths of the big-money netherworld: hedge funds, derivatives, counterparty risk, and the tangled web of collateral debt swapping. Instead, we want to understand what the crisis and resulting recession mean for Cascadia. More important, we want to explore what we northwesterners ought to do, both as individuals and especially as communities.
