bay area officially recovered from 2000 dot bomb?

The Economist City briefing for San Francisco reports that residents of San Jose and San Francisco are the richest in America, according to new figures from the US Census Bureau’s Current Population Survey. In a measure of median household incomes in large American cities in 2006, San Jose, the seat of Silicon Valley, topped the list; its 1m residents had a median household income of $74,000. San Franciscan households came second, boasting a median income of $65,000. San Jose's leaders are crowing that this means the city’s economy has recovered from the dotcom collapse of 2000. Some claim further that the numbers show the recovery trickling down to working- and middle-class families.

They also had a fantastic write-up last week about Google, giving it historical context within the rise of the banking industry & privacy concerns over popular comparisons with technology competitors like Microsoft.

(sigh.) i [heart] The Economist.