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AgdaPkt 2010-02-08
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AgdaPkt 2010-02-08
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Last modified
3/18/2010 2:43:31 PM
Creation date
2/4/2010 1:33:23 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Redevelopment Agency
Date
2/8/2010
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Overview <br />The recession may well be over, but the toll has been horrific <br />? <br />Employment continues to fall and unemployment to grow <br />? <br />The recovery will likely be slow as unemployed workers try to <br />? <br />find jobs and consumers struggle to get their finances in order <br />Major risk to the outlook: <br />? <br />Another wave of less-than-prime adjustable-rate mortgages <br />? <br />will reset between 2010 and 2012 <br />Source: ABAG January 26, 2010 Forecast <br />3 <br />
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