I listen to a lot of NPR, it seems like every other story is about the “economic downturn” going on these days. California isn’t in good shape. I’m not holding my breath awaiting my state tax rebate check. But I’ve been told that the Four Corners Region, and Southwest Colorado specifically are weathering the storm much better than the rest of the country.
While reading the Durango Telegraph, the alt-weekly here in Durango yesterday I saw the headline “Colorado foreclosures tumble in ’08” and read about how the percentage of home foreclosures last year were down in the region which is an indicator that the economy isn’t suffering as bad as other parts of the country. You can read the full story here (about halfway down the page).
A few hours later I picked up the Durango Herald, the local daily and saw a very different headline: “Foreclosures in county hit record highs” talking about how home foreclosures last year were at an all time high. Here’s a link to the full story.
Two stories published just a day apart reporting on the same area with very different headlines. The Herald article appears to be talking in absolute numbers while the Telegraph article is talking in percentages. I haven’t figured out if one of the papers is misinterpreting the data or if the Telegraph thinks the glass is half full while the Herald thinks the same glass is half empty.
I wrote a letter to the editors of each paper, hopefully they can clarify things.
Anyone out there have any insight? If so leave a comment.
UPDATE: I heard back from the columnists of each story and it looks like in my confusion between the headlines I wasn’t reading the articles properly. The Telegraph story is talking about the state doing better than the rest of the country while the Herald article is talking about the county setting a record for forclosures. Two different ways to look at the same data.