Obama’s Department of Energy Appointment Represents A Big Shift
The Obama Administration has not even taken up residence at the White House yet, but radical change is in the air. During the Bush Administration we became accustomed to the idea that Big Oil and Gas ran the show. Lobbyists for the Chemical industry were put in charge of environmental protection and the EPA decided […]
DC Job Market Conditions
There has been quite a bit of talk about the national economy, including bailouts and buyouts lately, but not so much talk about the DC job market. Here are a few details on where the DC job market is relative to the national economy.
The US economy has been headed down…
(DJIA)
And the national unemployment rate has […]
Small Business and Startup Owners Take A Hit From Insurers
A few weeks ago I was surprise by a startup in the DC market when they told me that they did not offer health insurance to their employees. In today’s market I find it hard to believe that an employer would be able to attract and hire competitively without it. But lots of startups hire […]
53,000 More Jobs Dissapear
The economic donward spiral continues this morning as Citigroup announces the elimination of 53,000 additional jobs. I wonder if the executive managment took any sort of pay cut in the process. The team over at Goldman Sachs at least gave up their bonuses. So far I’ve hard about lots of layoffs from large corporations, but not […]
DC Begins To Cut Back Too
If you haven’t read Hamil Harris’s aticle in today’s Washington Post then you should. It provides a good write-up of the District’s efforts to cut back on expenditures. Most of our attention has been on how the economic situation has affected the private sector, but we should not forget that government programs from schools to […]
Layoff Roundup
There have been a lot of reports about layoffs in the startup and digital media space, so we’ve rounded up of many of them here. Let us know if you’ve heard of any others. I’ll point out that most of these reports are outside of the DC area, and also point out that I have […]
The Current Market is Opportunity for Some, Trouble for Others
While many area startup companies are watching their budgets, one startup (Lotame) is expanding. They just hired a new COO and opened new offices in Boston and San Francisco. One has to wonder if their expansion is a result of success or their recent $13 million series B. At least one other startup that I […]
Ouch! DC is #41 on 2008 Best Performing Cities List
That is according to the Milken Institute’s data that is based on mixed data that isn’t exactly current. DC’s rank actually dropped from 37 to 41, while Baltimore’s rose from 94 to 87 (2007 -2008). The report groups Bethesda, Frederick and Gaithersburg together and their numbers went from 83 down to 123.
Check […]
Investment Insights from DC Angels & VC’s
Today’s article in the post titled ‘Crisis Mode: Less Ventured, Investors Stick With Start-Ups They Know’ by Kim Hart does a good overall job of capturing sentiment from DC area angel and VC funds. It covers the good and the the bad, but also points to some optimism as well:
“”There’s been a lot of great […]
DC Unemployment Rate
The DC unemployment rate inches up to 7%. We are starting to catch up with California.
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