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Beck Rally in DC

New Orleans One of the little known trivia questions about New Orleans over the last 20 years would be what newspaper in the country developed more Pulitzer Prize winning editorial cartoonists?  The Times-Picayune would be right at the top of that list and Mike Luckovich now laboring for the Atlanta Journal-Constitution is consistently one of [...]

Bring Back 1st Time Tax Credit

New Orleans Shaun Donovan at HUD is clearly having problems getting his arms around the fact that America is not New York, the evidence starting with the horrible failure of the mortgage modification program or rather the lack of a mortgage modification program.  Now throwing more words at the housing crises this weekend in pronouncements [...]

Moving the Money: Kartina Plus Five

Vanessa's picture in the Times Picayune by David Grunfeld

New Orleans    These things all take time.

I finally am bothering friends and family about how to make our fishing camp on the bayou abutting the Big Branch National Wildlife Refuge a mile up from Lake Ponchartrain useable again without rebuilding. A pontoon and pulley operation rather [...]

Soft Case for Home Ownership: Forced Savings/Low Interest Rates

New Orleans        Dueling columns in the Times smashed the drunken or doped spin of the Realtors Association trying to claim that the housing market was “back” and in the “Your Money” section made a soft and shrugging case for home ownership:
“Indeed, many people who are buying at the moment are locking in mortgage rates [...]

Recession Way Not Over: Krugman

New Orleans To be clear Paul Krugman, the Princeton-based, Nobel prize winning, New York Times writing columnist has a dog in this race:  he argued that the stimulus package to pull out of the recession needed to be way bigger from the get-go.  But, looking past the “I told you so,” he is dead on [...]

Depression Level Unemployed for Disabled Workers

New Orleans I was at a lost to figure out what shocked me more, the report that the US Government had never looked at the impact on employment and the disabled, or the stark terror of the depression level unemployment figures:  14.5% for 2009 and already 16.4% by midyear 2010!

The news was, if anything, [...]

Support for Taxing the Rich

New Orleans I won’t say it’s a sea change, but there are starting to be some encouraging signs of change among the elites and critical chattering classes on the issue of more equitable taxation, particularly the need for the rich to pay their fair share.

In a recent issue of the New Yorker, surely a [...]

Homes as Assets and Wealth

New Orleans The New York Times ran the article on the front page announcing that the “era” is over when a family in the United States could reliably expect their personal residences to appreciate and create citizen wealth. Housing Fades as a Means to Build Wealth, Analysts Say was headline on the email version.  This [...]

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