'Miami Beach, the real Silicon Valley'
Brighton Reader, acting as Hub Blog's special economics correspondent in Miami, files his report:
Miami Beach, the real Silicon Valley, my God, I never saw so many fake boobs. ...
The economy there is very bad, much worse than here. The difference between Boston and Miami today is like Paris vs. Warsaw in 1989.
The streets are empty. Presidents Day weekend should be the height of the season, there is a boat show, a wine and food festival started this weekend, but the hotels and restaurants seemed barely alive. At lunch the cafes were half-full. Sunday things were busy along Ocean Drive, but that was the only day that it was even close to like it had been when I was last there, in January 2005. January is not considered as part of the top of the season, but it was much more crowded then than this past week.
The Miami Herald highlighted the closing of a modeling agency. Check out the video, girls in bikinis worried about the economy - how much more tragic can it get on Miami Beach?!