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Economy


A series of columns on the Washington regional economy is bound to generate a good deal of e-mail reaction, some of which I share with you today.

The request for big ideas brought lengthy, passionate briefs in favor of thorium reactors, nonstop flights to China, buried power lines, privatization of state and county liquor monopolies, agricultural clusters in the exurbs, more knowledgeable bank loan officers, more runways at Dulles, more bike paths and more trams in the inner cities. All worthy ideas, Iam sure, but not exactly the economic turbochargers I was seeking.

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Decades of rapid growth have made Washington real estate some of the most valuable in the country, particularly when it is close to the city center, along major roads and highways or near Metro stops.

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Washington has a lot to be thankful for as we enter the new year.

Since 2007, the regionas economy has grown by about 14A percent at a time when the national economy has expanded by about 3A percent. According to Stephen Fuller, my colleague at George Mason University and the go-to guy for statistics on the regional economy, growth here has exceeded that of every other metropolitan region.

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Stop the pharmacy consolidation train
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Maybe youave noticed that companies that are already at the top of their industries have become rather brazen about trying to increase their profits and share prices by buying up their nearest competitors.

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Monday morning at Fordas Theatre, seven extraordinary people will receive an award from The Washington Post and Harvardas Kennedy School of Government for being one of Americaas top leaders. At a time when inspiring leadership seems to be in such short supply, itas worth celebrating those who are doing it and reflect on the reasons for their success.

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Corey K Katir Brings You News on Economy, Stock Market, Banking, Mortgage, and Finance