New Orleans For almost thirty years the old Hotel Employees and Restaurant Employees (HERE), now merged with UNITE, has seen Yale as ground zero for achieving change in America. There is certainly a case given the elites, particularly in politics (the Bush regime!), that muster through there, though it may be more obsessive to …
Category: Ideas and Issues
Ridiculous Defenses for Predatory Loans
New Orleans The problem with purely “academic” arguments is that the academics and their rationalizing and prevaricating “sponsors” forget that there are real people and real policies impacted by their foolishness. Certainly this is the example of an editorial page piece in the Wall Street Journal recently entitled “In Defense of Usury.” Two …
Redlining States
New Orleans Several weeks ago in a meeting in Dallas with EMC, they shared the fact that they were not able to make any new mortgages in states like Ohio and Michigan. Home values were down. Foreclosures were up. Sub-primes were not working, so the door for new business had closed. Later I …