Wondering what the American Recovery and Reinvestment Act is doing for San Francisco?
This map pinpoints it all -- from multi-million dollar infrastructure projects to $25,000 arts grants.
The stimulus funds are intended to jumpstart the economy, save jobs, prompt spending and create tax cuts for workers.
San Francisco has received nearly half a billion dollars in stimulus funding.
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Earlier this week, we discussed the White House's was claiming the "stimulus saves nine out of every five jobs." Then we noted how the White house was counting stimulus-funded payraises for government workers as jobs saved, because "
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America gave itself over to the dream of transformative change 51 weeks ago, but the moment has passed.
Yet for a claque of die-hard Barack Obama fans, including many in the media, a new America is still just over the horizon.
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Democrats see the job market and have to concede that what they have wrought isn’t good. Unemployment has risen to almost 10 percent despite the stimulus bill enacted last winter and the smaller, bipartisan stimulus of early 2008.
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San Francisco’s job market is weakening, being buoyed by ongoing strength in the tourism industry, according to The City’s monthly economic barometer.
The report, released Thursday by The City’s Office of the Controller, also said the ailing economy has begun to cool off in San Francisco after several years of strong growth.
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Despite predictions of economic collapse due to rising oil prices, while a few companies have folded, many have even thrived in the new economy. According to an Associated Press report, many companies have become leaner and smarter and found ways to pass their increased costs along to consumers. The weak dollar has helped some companies by making their products more attractive on the global market.
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The City’s economy is beginning to show signs of flagging after months of resisting the nation’s general economic slowdown, according to a monthly economic report released Monday.
Unemployment is up, median home-sales prices are down, and even tourism is taking a hit, with hotel occupancy rates lower than last year, according to the report compiled by the San Francisco Controller’s Office.
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URL: http://www.sfexaminer.com/taxonomy/term/142?page=18
