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There was a captivating story in the press today that touches on not one, but TWO scenarios that had really bad endings in the sci-fi stories:
Daily archives for November 19th, 2008
It’s just too pitiful…. I can barely stand to look at my 401K statement anymore
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Dow closes below 8,000
Wall Street hit levels not seen since 2003 as the fate of Detroit’s Big Three automakers and the economy disheartened investors.
By SARA LEPRO
The Associated Press
NEW YORK — Wall Street hit levels not seen since 2003, with the Dow Jones industrial average falling below the 8,000 mark, as the fate of Detroit’s Big Three automakers and the economy disheartened investors.
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Two questions readers:
1) What are you doing to console yourself about retirement fund losses (if you are affected)?
2) On another economic note, do you think Washington DC should be helping out the auto-makers?
King County Metro needs to lease more parking downtown; City losing too much money on parking garage
Numerous citizens have emailed us recently about how the increased enforcement at the downtown parking garage has made it extremely difficult to find parking to catch a bus. I promise you the city is working hard with Metro to resolve this.
Unlike many recent park and rides and transit center projects, Metro did not provide any parking when they built the Renton Transit Center. They intended it to be a place to transfer between buses, not a place to catch the bus.
But rider patterns have been different than Metro anticipated, so Metro has been negotiating with Renton to provide parking. Metro has been leasing 100 parking spots in our Renton taxpayer-funded garage at very low rates. They pay us $40,000 annually for this. Lately, the 100 spots have not been sufficient, but Metro has so far not agreed to lease any additional spots.
The garage cost Renton taxpayers 11 million dollars six years ago, and it was put in to make it convenient for shoppers to park downtown; it also costs us $70,000 annually just to maintain it. We give Metro over $20,000,000 (twenty million dollars!) per year to provide bus service to Renton, a staggering amount, so we do not understand why they can not either provide parking the way they do in other communities (they have build their own garages in other cities), or pay a little more than $40,000 to lease an adequate number of spaces from us.
I understand our Mayor will be meeting with folks from Metro on Monday to see if we can reach an understanding of some sort to resolve this.
If this interests you and you want to read more, read some of the emails on this topic by clicking “read more” below.
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