Learning lessons - States must assert their authority
Yesterday, the Economic and Social Research Institute (ESRI) added to our foreboding by predicting that recession will cloud our horizons until the end of 2009 at least.
The ESRI also predicted that Gross Domestic Product will contract by 1.3% this year and shrink further by 0.7% next year. If that was not enough to make you white-knuckle the worry beads they also predict that unemployment will rise from 6% to 8% next year. That represents one in 12 of our workforce.