Luckily, none of these communities are in Colorado, but Businessweek ranked these 15 cities as those likely to be hit hardest by our current financial crisis because of their concentration of residents working in the finance, insurance and real estate sectors. Some are obvious like New York City and surounding areas, but others like Sioux Falls, SD or Mountain Brook, AL are not. It points out how the problems of those shaky industries affect so many communities throughout the country.
Moody’s Economy.com projects that New York City and its suburbs will lose 65,000 finance jobs by the middle of 2010. But the turmoil will also be felt in areas that house back office and IT functions for these struggling businesses as well as accountants, lawyers, security, etc.
blog by elephant’s favorite Liz Benson
hot on elephant
Elephant Journal’s Holiday Gift Guide 636 shares A letter to the Anger that refuses to Leave Me. 555 shares Waylon’s favorite Ethical Gifts. 10 shares Join: Elephant’s Winter 2017 Academy. 28 shares Trevor Noah just won my Respect. 2,557 shares Year of the Fire Rooster 2017: What to Expect. 851 shares December Forecast: Letting Go of 2016 & Leaning into 2017 with Love. 6,658 shares These Tweets (and Retweets) actually Happened. 1,384 share How to Say Goodbye to that almost-great Love. 1,561 share For the Women who are Trying to Do & Be Everything to Everyone. 3,182 shares