New Orleans The Federal Reserve report on the continued decrease in lending to African-American and Hispanic families is unambiguous. In 2013, 4.8% of total home loans were to African-Americans, 7.3% were to Hispanics. In 2012, the numbers were only marginally better at 5.1% and 7.2% respectively. As recently as 2006, before the real estate meltdown …
Month: September 2014
UAW Continues to Forge Ahead in Chattanooga with Volkswagen
New Orleans The UAW, confounding the old schoolers and the pundits, continues to plow new, but familiar, ground in seeking to bargain a “members’ only” agreement at the Volkswagen Chattanooga plant employing 1500 workers and expanding rapidly. Gary Casteel, the UAW’s Secretary-Treasurer announced that the newly chartered UAW Local 42 at the plant had reached …
The Nicaraguan Canal and Cry of Culture
Managua The proposed “grand canal,” as the project is called in Nicaragua is the 72nd proposal in the last 500 years to build a waterway connecting the Atlantic and Pacific Ocean through Lake Nicaragua, the largest freshwater lake in Central America, and the San Juan River. This time it’s a no-bid 100-year concession signed between …