BusinessWeek.com headline: “While New York Bleeds Washington Thrives”

Look out, New York. Washington is gaining on you. As the nation’s most populous metro area feels Wall Street’s pain, the fourth-largest — Washington — is barely sensing the recession. In fact, Moody’s Economy.com estimates that metro Washington’s economy will actually grow 2.5 percent from mid-2008 through mid-2010. New York’s economy is expected to shrink 4.2 percent.

You don’t say. Full article here.