New Orleans In Congressional hearings vetting the President’s nominee, Tom Wheeler, as the new Chair of the Federal Communications Commission (FCC) there seems to be little hope that we will get the progress needed in creating national standards for higher speed internet connections or a reduction of the digital divide. Wheeler was quoted yesterday stating [...]
Congressman Al Green
New Orleans Congressman Al Green from Houston was raised in New Orleans so he generously jumped at the chance to come over to address Local 100 United Labor Unions leaders from Texas, Arkansas, and Louisiana at the closing of our annual leadership conference. In talking about issues for veterans, immigrants, minorities, the [...]
New Orleans A billion here, a billion there, and the next thing you know, you’re talking about real money. This is another line on the headstone of the subprime mortgage industry that was such a key player in the Great Recession. News that investors took another unexpected loss of a billion bucks in these tranches [...]
New Orleans Talking to community activists this week who are among the sparkplugs behind the Richmond Progressive Alliance (RPA) in Richmond, California, one of the hot topics was the investigation by the city of whether or not eminent domain might force refinancing of houses facing foreclosure that are “underwater,” where owners owe more than market [...]
San Francisco The news that I could put in file folder entitled “banking as a criminal enterprise,” just keeps getting bigger. The Justice Department made headlines zinging two big banks, Zions and First Delaware on a settlement for billings for their profit making in facilitating fraud by telemarketers and others. I noticed that part of [...]
New Orleans Looking at the soaring stock market and the touts’ claims of an improving housing market and corporate profitability, I would have hoped that what I call “citizen wealth” or the average family’s overall income security would have also come back strong. So far, not so much.
A big part of the problem [...]