Early Briefing: The 2009 Post 200
It's here! Our annual list of the biggest public and private companies, nonprofits, law and lobby firms, sports teams and universities and other companies with major presences in the Washington area. Read about how we come up with the list.
This year, in the midst of worldwide economic turmoil, we focus on what makes Washington different: the federal government. Between the stimulus and other administration initiatives, companies are looking to get a piece of the billions of dollars that are being spent - or to work for companies that are getting that money.
Tom Heath brings us a Post 200 Value Added in which local executives tell us what they've learned in past downturns and how they're applying it this time. Hear from Pepco's Joseph Rigby, Raymond Roberts of Citizant, Barbara Lang of the D.C. Chamber, Gloria Bohan of Omega World Travel and Bob Torray of Torray Funds.
The Download by Kim Hart talks about government contractors' embrace of the tech industry's latest buzzwords, including cloud computing, open source and virtualization.
Columnist Steve Pearlstein gives us the story of Joe Robert, who made a fortune in real estate but missed this downturn. He's disappointed, but he's got other things to think about, including recent surgeries to get tumors removed from his brain.
I also hope you share your questions and thoughts on my online chat with the Professional Services Council's Stan Soloway at 11 a.m. and check out our interactive graphic.
Freddie Mac yesterday reported that it lost $10 billion in the first three months of the year, as investments in mortgages continued to fall in value at the federally run housing finance giant. The disclosure automatically prompts a $6 billion investment from the Treasury Department to keep the company solvent, bringing Freddie Mac's bailout total to $51 billion in the first nine months of its rescue. McLean-based Freddie Mac characterized the losses as the result of continued declines in the economy, but also said there are some bright signs.
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Posted by: slainte1 | May 13, 2009 11:44 AM
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