New Orleans A lot of big hooey in the New Orleans and New York papers about the home gutting “scandal” administered by NOAH — New Orleans Affordable Housing — and its director along with their connections to the Mayor, his relatives, and the lining of their own pockets. The essence of the “scandal” in …
Category: Personal Writings
Tesco Backdoors Indian Retail
New Orleans The India FDI Watch Campaign, a project supported by ACORN International, said it all in a recent bulletin when it juxtaposed two articles a year apart. In one case Tesco, the giant UK retailer, scoffed at the Wal-Mart backdoor entry into India as a partner with Bharti, as “illegal.” In the piece …
Building Bad Loans
New Orleans A friend sent me an interesting report done by the Laborers’ International Union called “The Ticking Time Bomb: Adjustable Rate Mortgages and Depreciating Home Values in New Subdivisions.” Our old comrade and colleague, Jordan Ash, seemed to be the principal author of the report, and we were curious how he had been …