A correspondent who heard my comments on Cyprus on KUOW’s Weekday program today asks: I am puzzled by some of your comments this morning. As I understand it, when a bank in the U.S. fails, the FDIC moves in and closes it. The accounts are protected by insurance up to [continue reading . . . ]
Aerospace employment in Washington has grown by an average of 520 a month in the 34 months since the cyclical low in late spring 2010 (top chart). Is another bust in the offing? The volcano has begun to rumble. The Seattle Times reported March 22 that Boeing will lay off [continue reading . . . ]
Marple’s Letter, which analyzed the Pacific Northwest economy for generations of business leaders, has succumbed. The final issue was dated March 6. The newsletter’s passing, a few weeks shy of its 64th anniversary, was due to declining circulation. Editor Jim Murez and Publisher Jon Anderson wrote that despite their best [continue reading . . . ]