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Still-sturdy economy gives D.C. a buffer during scandals
Washington Post ^
| October 25, 2011
| Marc Fisher
Posted on 10/26/2011 2:02:28 PM PDT by Poundstone
Earlier this year, the tiny Persian Gulf nation of Qatar was looking for a safe place to park some of its vast oil wealth. Qatars investment arm chose to pump $700 million into the new CityCenterDC, a downtown Washington apartment, office and retail complex that doesnt have a major tenant signed up yet. The District, the Qataris decided, was as low risk an investment as could be found anywhere in the world.
Oil-rich gulf states, German investment partnerships, Canadian pension funds the foreign investors who visit real estate adviser Joel Coren uniformly savor the Districts growing population, increasing affluence and relatively stable jobs picture.
(Excerpt) Read more at washingtonpost.com ...
TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: business; economy; federal; government
It’s tough to get a reservation at many restaurants. I’ve been trying to get into Restaurant Komi for three months now, without success. Gonna keep trying — I heard the food is fantastic.
posted on 10/26/2011 2:03:39 PM PDT
(A recent Federal retiree and proud of it!)
That was the one good thing I could point to after living there for fifteen years - no matter what the state of the national or global economy, if you quit of lost your job, you'd have a new one by the end of the week. If you don't have a job in D.C., either you don't want one, or you ain't trying.
"But know this, that in the last days perilous times will come: for men will be lovers of themselves, lovers of money, boasters, proud, blasphemers, disobedient to parents, unthankful, unholy, unloving, unforgiving, slanderers, without self-control, brutal, despisers of good, traitors, headstrong, haughty, lovers of pleasure rather than lovers of God, having a form of godliness but denying its power. And from such people turn away, for his name is Obama."
posted on 10/26/2011 2:53:20 PM PDT
Interesting. The economy’s booming in a city that produces nothing but grief.
posted on 10/26/2011 3:08:33 PM PDT
(Even the opponents of Socialism are dominated by socialist ideas.)
posted on 10/26/2011 4:28:55 PM PDT
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