Oliver’s Letter to the Mayor

February 5, 2009             London            From the brand new Terminal 5 at Heathrow I can see the snow still on the ground everywhere even on this gray, overcast sky.  Planes just hours before mine were still being cancelled in this city that seems to have about as much experience with a snow storm as my …

Wal-Mart Expanding in Latin America

January 30, 2009                 New Orleans                      Even as we deal with the deepening recession, the huge recovery phenomena of Wal-Mart is hard not to notice.  The stock is up.  Sales are through the roof as hard strapped, working income customers are desperate to stretch their dollars as far as possible.  Store expansion in the US …

Community Reinvestment in Hard Times

Community Reinvestment in Hard Times             New York City             I spent some time with a friend at Citi yesterday.  My first joke to him was, “how did he like working for the government again.”  His jokes were more of the gallows humor variety, mentioning that he would be there to turn off the lights and …