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Moving the Money: Kartina Plus Five

Vanessa's picture in the Times Picayune by David Grunfeld

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 than a bridge, decking with temporary structures or tents or yurts, rather than a house-like thing, and adding ducks to fish as part of the attraction, are finally real discussions and plans.

I finally am starting to clean out the damage in the garage this weekend. Throwing away or salvaging tools that the water seeped in and rusted in the tool cabinet. Putting wrenches and sockets where they belong. Looking at the whole in the overhang floor and getting out the tape
measure to face the problem head on.

I’ve got a lot of feelings about the tons of articles, films, and whatever on the 5th anniversary. I’m mulling. I’m worried. We’ll cover that later.

I looked long and hard at the Times-Picayune’s picture today of Vanessa Gueringer, the
leader of A Community Voice in New Orleans, a pillar in the Lower 9th, and a woman whose
courage, conviction, and true grit have made her a personal hero of mine.

In a meeting in the lower 9 with city officials only a few days ago, Arnie Felkow, one of the city wide elected at large members of the New Orleans City Council, admitted that over the last year he and others on the council had moved recovery money that was earmarked for rebuilding the lower 9 to Algiers of all places, which was basically untouched by Katrina. How could that have been done? Why was it wrapped in silence? How can city officials be offended at the anger and attack of Vanessa, her neighbors and her organization, when they feel, correctly, that they are still being abandoned?

The big things are like the little things. Just like my work in the garage, rebuilding has a lot to do with removing layers of dirt and grime, and putting things back in their right places, throwing some things away and keeping others, whether it be finding justice for murders covered up in the water and chaos or even today keeping eagle eyes on every dollar to make sure it finds its proper path to people, there’s more to do than has been done, and we’ve only just begun.

Five years is forever and just yesterday when thinking of Katrina.

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

Sold HouseNew 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 of about 4.5 percent. A year ago, they might have paid 5.25 percent on a $300,000 loan for a monthly payment of about $1,657. Today, you could lock in a lower monthly payment of around $1,520 on a mortgage that size, or you might not need to borrow that much, given that prices have fallen in many areas.

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Recession Way Not Over: Krugman

Paul KrugmanNew 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 in saying that the Federal Reserve’s Bernacke and Treasury’s Geithner are totally doped and drinking their own Kool-Aid when they pump out the press releases saying essentially that the recession “is over” and “we’re coming out of the recession.”

I have to admit I have a couple of dogs in this race as well, since I’ve argued that the limp wicked, ham-handed, banker-driven no-home-mortgage-modification program was forcing foreclosures, robbing citizen wealth, and deepening the recession in countless communities which had been engines of group in the early 21st century, and that the lack of new jobs and weird claims of jobs saved were political tropes not recession killers.  Krugman is on the same page.  He argues that we need to (1) “revamp” the “deeply unsuccessful attempt to aid troubled homeowners”

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Depression Level Unemployed for Disabled Workers

The unemployedNew 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, even bleaker as reported by the Wall Street Journal.

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