Monday, December 6, 2010

Sigh

Downtown developers have complained that COTA passengers waiting for transfers near Broad and High streets, and buses lining the curbs make the area less attractive for retail stores and their customers...

Transit-dependent riders who are going through Downtown, for whatever reason, don’t shop… Large numbers of people waiting for a transfer can be intimidating for someone walking down the sidewalk.

Translation: People who buy things want to be protected from knowing about and interacting with people who are too poor to buy things.

From Sociological Images.

Friday, December 3, 2010

Even Goldman-Sachs

Even Goldman-Sachs will admit that unemployment insurance is good for the economy.

A Labor Department report shows that for every $1 spent on unemployment insurance, $2 are spent in the economy. If you don’t believe the Labor Department, maybe you’ll believe Goldman Sachs analyst Alec Phillips, who estimates that if unemployment benefits are allowed to expire, the American economy would slow by a half a percent.

From Robert Reich