Still-sturdy economy gives D.C. a buffer during scandals

Washington Post ^ | October 25, 2011 | Marc Fisher

[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. Qatar’s investment arm chose to pump $700 million into the new CityCenterDC, a downtown Washington apartment, office and retail complex that doesn’t 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 District’s growing population, increasing affluence and relatively stable jobs picture.

[Poundstone]

Interesting article.

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.

[Viking2002]

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."

[BfloGuy]

Interesting. The economy’s booming in a city that produces nothing but grief.

[tomkat]

Still-sturdy economy