October 2012 – Page 3

Downtown Domicile

By Econ70 | 10/02/2012

Between ‘00 and ‘10, Chicago had the largest numerical increase in its downtown population (defined as areas within two miles of City Hall) at 48,288, NYC was next at 37,422, Philadelphia at 20,769, Salt Lake at 19,712, and DC with 19,502. New Orleans lost the most, 35,000 (Katrina) followed by Baltimore at 10,000. Downtown populations…

Pain in Spain

By Econ70 | 10/01/2012

In an effort to avoid a sovereign bailout and curry favor with the ECB, Spain will cut spending by $51 billion in ’13, almost 3% of GDP! Amazingly, this belt tightening is occurring during a recession! As a result, the contraction will worsen causing Spain to dramatically overshoot its deficit target of 4.5% of GDP…