Change Is Hardest in the Middle

It's no surprise that moods are sagging in mid-2009. The capital markets are stalling, the banks are barely lending, the federal government stimulus is not stimulating enough, and job losses are mounting. Incumbent politicians promise that things are getting better, but not in your city, where the powers-that-be are shutting down the zoo and raising public transportation fares, making subway rides so expensive that cars still clog the roads.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.