I’m writing to correct several errors in an article Cascade Business News published electronically recently.
It is this article with the headline California Economist Negative on
The first error occurs in the first two sentences of the third paragraph: “On the CLU CERF website the forecast stated that recent data shows that
We got the number from Oregon Employment Department’s website. The number is top center of this page: http://www.qualityinfo.org/olmisj/CES?areacode=41010000001&action=rs54&submit=Continu.
and beyond. I just did a Goggle News search and found many articles, including this one by Bloomberg Business Week News http://www.businessweek.com/ap/2012-10-16/report-shows-oregon-losing-jobs-in-september and this one by the Oregonian http://www.oregonlive.com/money/index.ssf/2012/10/oregons_growth_streak_snaps_in_september_economy_cuts_7900_jobs.html.
, italics in original. I was, of course, talking about the DX1 project which is widely reported to be $3 billion. I don’t know where the $10 billion number came from. Perhaps you added the expansion announced Wednesday October 24, days after my piece was written. In any event, here are two articles documenting the $3 billion DX1 facility and the newly announced expansion: http://www.bizjournals.com/sanjose/blog/2012/10/intel-plans-to-double-3b-oregon-rd.html & http://www.oregonlive.com/opinion/index.ssf/2012/10/intels_second_dose_of_expansio.html
The next sentence of your article continues “In actuality Central Oregon’s seasonally adjusted unemployment rates dropped slightly for all three
I spent a fair amount of time trying to understand what you were trying to say here. You may have been referring, obliquely, to our use of non-seasonally-adjusted data for
All data are estimates, and when data are not particularly seasonal, the seasonal adjustment adds volatility and errors. When you look at
“There are other signs that
I guess the point of the italicized sentence is to imply that declining foreclosures are somehow inconsistent with soft markets or still-high delinquencies and foreclosures. There is no inconsistency here.
Then, there is your penultimate paragraph:
“In the meantime, we expect market conditions to improve only slowly in most of
There are a couple of problems here. In the first place, I didn’t write the portion that comes after reverse. That was written by my colleague Dan Hamilton, and it is sourced at the top of the page. There is a larger problem. You are implying some inconsistency. There is no inconsistency.
Here are your two prior paragraphs:
He says
Watkins believes that while Intel and server farm facilities will create some local demand, they will not generate enough local demand to drive
I don’t think the analysis is so nuanced as to be difficult.
Would you please run this letter as a correction, at least as visible as your original piece?