Recession Update: Help May Or May Not Be On The Way
· Promises, promises: What exactly did that Obama transition team member mean when he said that Obama Inc. was pledging “direct support to cities?” And does this mean we can go back to burning money? [Clout]
· Unemployment in Philly now rocking a sturdy 5.9%. But it’s even higher if you can string a paragraph together or know what a Photoshop is. [PBJ]
· It’s looking like Philly’s got our very own Madoff and his name is Joseph Forte. The SEC is suing Forte for “a $50 million Ponzi scheme since at least 1995 that bilked charities and schools.” Classy! It’s not Madoff money, of course, but then again, rent here is a lot cheaper. [Bloomberg]
