In the March ‘09 issue of Atlantic Monthly, urban theorist Richard Florida has a cover piece titled How the Crash Will Reshape America. It made me wonder what the long-term impact of the economic crash on Northfield will be. The lead-in to Florida’s piece:
The crash of 2008 continues to reverberate loudly nationwide—destroying jobs, bankrupting businesses, and displacing homeowners. But already, it has damaged some places much more severely than others. On the other side of the crisis, America’s economic landscape will look very different than it does today… Which cities and regions can come back strong? And which will never come back at all?
Griff and Ross and I were all out of town this week, and we’ve missed a lot of the happenings. This afternoon I was driving west on 2nd street toward Hwy 3 and spotted a LARGE group of people participating in the Crop Hunger Walk fund-raiser. Since I was driving, I couldn’t get a good shot of the length of the crowd, but people stretched from Division Street across the highway up at least as far as Linden Street.
Any participants care to share their experiences, or tell how much money was raised this year?
Tonight’s New York Times: In Frantic Day, Wall Street Banks Teeter; In one of the most dramatic days in Wall Street history, Merrill Lynch agreed to sell itself to Bank of America for about $50 billion, while Lehman Brothers headed toward bankruptcy.