New Orleans It seems clear we are now looking at an implosion on Wall Street and of financial institutions of almost historic proportion. The news all weekend and widely confirmed by headlines across the country recorded the collapse of Lehman Brothers and its eminent liquidation and bankruptcy under Chapter 11, and the bargain basement …
Month: September 2008
Day Late and FEMA Short
New Orleans Predictably now that Gustav is a fading memory for some three weeks old and Ike is now kicking us from the Louisiana coast to the terrible devastation in Galveston with rain and power outages in Houston, FEMA finally calls itself “clarifying” its position on reimbursements and hotels. A piece in the …
Katrina Lesson for Obama
New Orleans As I write Hurricane Ike has plummeted Galveston and Houston. Storm surges of almost 12 feet were reported in Galveston, and some were calling it lucky that the surge was not twice that at the 25 feet that had been predicted. Close to 3 million people in the greater Houston area …