More Signs of the Recession

(I took this photo of a billboard off of Cesar Chavez, one of the many "signs" of the recession that I keep coming across in my daily life)

So it seems that the recession is showing its face in our lives in more ways than we might have imagined.  This SF Examiner article features census data that says the recession is leading to delayed marriage, longer commutes, and fewer immigrant laborers...just a few of the many social impacts of the economic downturn.

How are YOU seeing the recession appear in your life in unusual ways?  Can you represent it in a photo? Yes? Great! Email it to us, and we will feature it on this blog.  Just send it to Econ Edge Project, with your permission to publish it.

Featuring Oakland's Street Economy

For the past couple of weeks, Crosscurrents has been rolling out a special six-part series about the roots and solutions to violence in Oakland.  It is called the Oakland Fault Lines Project, and features a diverse array of perspectives from community leaders, drug dealers, activists, and young people, among others.

Today's installment happens to be related to the economic edge.  Reporter Sarah Gonzalez explores how disappearing formal economy jobs are replaced by the hustle of the street economy.  The conditions of this economy are harsh, competitive, and can quickly lead to crime and violence.  But in Oakland, where the unemployment rate is almost 16%, for many it is the best option.  Click here to listen.


(Photo taken by Reporter Sarah Gonzalez at Youth Alive in Oakland)

It's Everywhere

Doesn't it feel like sometimes the ECONOMY and signs of the recession are all around you?

I know that I am just a little more sensitive to it, given my profession, but these days it seems like I'm hearing more stories of muggings and robberies, lay offs, and life changes, and then there are little reminders like this van I photographed above, or billboards that use economic catchphrases to market things like pantyhose.

If you come across a "sign of the recession," whatever that may mean to you, take a picture and send it to us, or give us a call at (415) 264-7106 to tell us about it.  You can also write us a description and send it to news@kalw.org, with "Economic Edge" in the subject line.

"The Great Recession"

It seems that our Labor Day holiday yesterday was a chance for many of us to think of jobs, and how desperately we need some.  The California Budget Project released a new report yesterday that calls our current downturn "The Great Recession," finding that it stands apart from other downturns because of the breadth of its reach, especially when it comes to job loss.

If you look at today's headlines, you'd see that the media is reflecting exactly what the CPB has found.  All the stories are equally interesting, and one could say, equally depressing.  But better share in the despair, than suffer alone, right?  So I've included a list of the local economic stories that caught our eye today, mostly job-related.  Read on, but keep the tissue box handy.

LOCAL ECONOMIC HEADLINES:

1.3 million will lose unemployment benefits by the end of this year

California employment down to 2000 levels

Unemployment department still difficult to reach - Phone number takes an average of 17 tries, and 2/3 of calls are rejected

Budget cuts mean shelters can euthanize animals sooner - "The notion that your beloved pet could escape the yard and be put to death before you even have time to post flyers is a real possibility."

State government workers find themselves going to food banks

SF school volunteers program may be cut - Budget cutbacks for next year may be even harsher than this year

Frugality is the new normal, even after recession ends

Backlash against banks growing as modifications are rejected

Free Friday Fun

Lots of Free Friday Fun ideas for this Labor Day weekend...

SF Sunday Streets are back, this time on the Great Highway.  From 10am to 2pm on Sunday, you can walk, bike, run, and dance along Ocean Beach.  Don't  have a bike? Bay City Bikes offers free bike rentals!

And if you happen to have a Bank of America ATM card, it will grant you FREE access to several local museums this weekend, and every other first weekend of the month until January 2010.  For a list of where you can go, click here.

And in honor of many people's Labor Day Staycations, Yelp! offers these reviews of local hangouts that will at least feel like a getaway:

In need of a rush? Look no further than the Seward Street Slides. Tucked away amongst the hills of Noe Valley, Kirk A gushes, "It's quite possibly the city's best use of concrete in a public area." He warns, "You can get some real speed and airtime on these puppies, so use a bit of caution when you go." Thanks, Dad! For both dog owners and non-dog owners alike, you can't beat an afternoon at Fort Funston. Cyn W explains, "Sure, it's doggy heaven... but it's a heavenly place for humans as well! Be ready for a good climb, as the trails offer gorgeous scenery replete with the Pacific Ocean, Lake Merced, rugged sea cliffs, and cute pups galore." 

Whatever it Takes to Reduce Traffic

I am glad someone (a.k.a. The Reason Foundation) found the money to fund this study, which finds traffic congestion is costing bay area businesses and local governments billions of dolllars in lost productivity and potential economic activity.

The SF Examiner article puts it like this:

If around $29 billion (in 2005 dollars) were spent adding lane capacity in the next 20 years, the resulting drop in traffic congestion could bring Bay Area businesses annual productivity gains of around $10 billion, according to the study. The improvements could also bring local governments an extra $750 million in tax revenue from the increased economic activity. 

For me, some questions still remain: will the Bay Bridge closure during Labor Day weekend, increase or decrease traffic?

Will it cost us, or make us money in the long run?  

...and most importantly, will the mass exodus to Burning Man offset any losses?  

I guess only time will tell...maybe The Reason Foundation can fund a study about that next!