So says a post published last week on the website, Newgeography.com: “The latest house price data indicates no respite in the continuing price declines, especially where the… Read more “Get ready East Bay homeowners: your home values will continue to fall”
Category: Economy Watch
Paris Hilton’s Economic Stimulus Plan
Okay, I haven’t been posting very happy local economic news over the past few days: Walnut Creek’s budget woes, Elephant Pharm closing, hundreds in the area to… Read more “Paris Hilton’s Economic Stimulus Plan”
Elephant Pharm stores in WC, elsewhere to close; company files Chapter 7
I can’t say I’m surprised. The parking lot at Trader Joe’s on California Boulevard is usually packed, but I doubt that many cars were there because their… Read more “Elephant Pharm stores in WC, elsewhere to close; company files Chapter 7”
At least 1700 face job losses in Suburbia in the next year
Note: I originally had “at least 900 face job losses” in the headline. This “900” number was based on job cuts reported to the state Employment Development… Read more “At least 1700 face job losses in Suburbia in the next year”
$24 glass of wine? No thanks–not while we’re in the midst of GEC and GD2
“Go ahead,” my husband said. “It’s a special occasion.” Yes, it was a special occasion. My dear, sweet husband had taken me out for dinner for my… Read more “$24 glass of wine? No thanks–not while we’re in the midst of GEC and GD2”
Auto sales down in suburbia, dealerships close, cities suffer
The Contra Costa Times’ Elisabeth Nardi has an excellent analysis today of how, in our economic tough times, people aren’t buying as many cars, trucks and SUVs… Read more “Auto sales down in suburbia, dealerships close, cities suffer”
Will your local Starbucks close? Do you still have the money to spare for $3 lattes? Will you miss that afternoon cup of decaf?
A day after Starbucks announced some shocking news—that it would stop continuously brewing decaffeinated coffee after noon to cut waste and costs—the Seattle-based coffee house chain delivered… Read more “Will your local Starbucks close? Do you still have the money to spare for $3 lattes? Will you miss that afternoon cup of decaf?”
Lower, smaller, less parking-intensive new plan for WC’s Neiman Marcus
The owner of Broadway Plaza has submitted a new plan for a scaled-back Neiman Marcus. As reported by the Contra Costa Times, the proposed project will be… Read more “Lower, smaller, less parking-intensive new plan for WC’s Neiman Marcus”
What’s the Real Reason Neiman Marcus is Pulling Out of Walnut Creek?
Last night, the Walnut Creek City Council decided to repeal its September zoning and height changes to allow a 107,000-square-foot Neiman Marcus to go up in Broadway… Read more “What’s the Real Reason Neiman Marcus is Pulling Out of Walnut Creek?”
No, Cost Plus Doesn’t Plan to Shut Down in 2009
In a November 26 post, I mentioned a business report about 10 major retailers that might not make it to 2009 if their sales dropped by double… Read more “No, Cost Plus Doesn’t Plan to Shut Down in 2009”