Quote:
Originally Posted by north 42
I can't really see such a small city like St Thomas making that much of a difference in the London area numbers.
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If St. Thomas had an unemployment rate around 30% (which it likely does), then there is no question that it would noticeably skew the numbers upwards. But a good deal of this is also London's mediocrity manifesting itself. I think another problem might be people losing unionized jobs and being unable to find work elsewhere. For example, the Toyota plant in Woodstock is very wary of taking on people who used to work at Ford, CAMI or GM.
Quote:
Originally Posted by K85
"We've been there and we don't want to go back," said Mayor Eddie Francis. "But when our rate was climbing, we made some very strategic decisions.
"We could have buried our heads in the sand and waited it out but instead we decided to reposition this region for future growth by reducing our debt, holding the line on taxes and modernizing our transportation infrastructure to make us more attractive to outside investment."
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Aside from the debt issue (City of London has massive cash reserves and an AAA credit rating, which is better than 'murrica) this sounds exactly like what we need to do. Where's dat perimeter highway?