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There Are Scary Things At The Bottom Of The Pit

by Laural Porter

Posted on February 27, 2009 at 7:18 PM

Updated Wednesday, Nov 4 at 2:44 PM

That's what Michael Powell, owner of Powell's Books said when I asked him how bad the recession is during our taping of this week's "Straight Talk".
Our state economist has said our economy is in the bottom of a pit.
Powell says there are ugly things in there like frogs, locusts, and snakes.

What he means is that his iconic business has lost ten years of growth in just a few months of this unprecedented recession. It's a recession where Oregon unemployment numbers have hit a near record level at 9.9 percent and expected to go higher.

This week on "Straight Talk", Powell ,along with Debbie Kitchin from Interworks, a small business remodeling firm; and John Willis from CH2MHill tell us what innovative things they are doing to weather the recession.
Willis, whose company is an expert on sustainability design, also has ideas for Oregon to capitalize on what makes our state unique.

In addition, you'll hear from Oregon state economist,Tom Potiowsky about how high the unemployment rate might go, and when we might start seeing some improvement.

Plus, what do you think about a sales tax? That's an idea being floated in Salem right now.
We'll tackle that subject,too.

Join us for "Straight Talk" this Saturday, February 28 at 7pm here on Newschannel 8.
Also, leave me your comments after the show.
I'm interested in your thoughts.

Let's keep talking.