Well, my far more prescient and wise co-blogger Nancy was responsible for the first two correct predictions, and I can make claim to the third — predicting that Central Falls would be laying off some teachers in the New Year. I’m not sure I should be given any fortune-teller points for this, though. Some things are fairly easy to call.
As for Nancy’s prediction that the Dow would surpass 12,000, that one indeed came true, with a near 500 point cherry on top. But now it looks like now we’re seeing a pullback. Note that Nancy didn’t make any calls on whether the Dow would drop back down below 12,000 after hitting this mark. So, buyer beware as to what comes next after the initial Kmareka predictions. Mayor Taveras in Providence is talking about closing some schools. Wonder if Central Falls will also be thinking in that direction, given that their city is in receivership. I hope all these empty school buildings will be put to good public use, though I doubt there will be a quick turnaround. And if they’re building new schools, they better make sure they aren’t building on former superfund waste dumps. I wonder how the Race to the Top money for charter schools will play into this equation.
My husband alerted me to a fabulous data analysis tool at The New York Times, which lets you view census data in color maps. The one that caught his eye, and then mine, was this one which shows the Change in Median Household income from 2000, which shows that all of Rhode Island has experienced an increase in median household income, with a 3% increase in Providence County, a 1% increase in Kent County, a 2% increase in Washington County, and a 6% increase in Bristol County. That’s right — in one of the worst economic times in our country, we are doing better than much of Massachusetts and Connecticut.
So there you go. And to add to the positive data on Rhode Island, Forbes Magazine reports that Cranston, RI is one of the most stable housing markets in the country. (h/t riclapp.org — had a great Christmas brunch there this morning!) Must be everyone jockeying for position to live near me~!
So breathe a deep sigh of relief this Christmas, Rhode Islanders. We are not on the verge of collapse, and if we could reform our energy policies so that biodiesel and alternative fuels could become our mainstays, we might even survive another few generations. All I can say is it’s more proof that you should ignore the nay-sayers, and never trust anyone who tries to tell you the rich need more tax breaks. Happy Holidays to all!