Comments on: Financial Dispatch: Jobs & housing remain in focus

By: Annie Kate

Annie Kate — Thu, 02 Jul 2009 01:26:40 +0000

Jobs are really a source of concern; one feels like there is no end in sight to the joblessness. Once you are out of unemployment and you can't find any type of a job, including flipping Burgers, what do you do?

I'm glad NOLA is growing again but it would have been nice if the NOLA government along with LA state government and perhaps even the federal gov't had met and decided where people could rebuild and where they could not and bought out the areas people couldn't return to.

The marshlands need to build back up in the coastal regions to help brake storm surges and since the Mississippi doesn't cover enough sediment in the water to do this like it used to (dams along Mississippi get the sediment before it can get to NOLA) the scientists say that blowing a levee in Terbonne or Saint Bernard would help make marshland redevelopment possible. You can't do it though if people are living there and if it doesn't happen hurricanes like Katrina will wipe them out again and again. Since this planning didn't happen, residents are going to get flooded again – all it will take is time and the right storm. Its too bad they can't do it right this time to prevent damage from another storm and more deaths.

By: Lisa in CA

Lisa in CA — Wed, 01 Jul 2009 22:00:47 +0000

What did anyone think the credit card companies would do knowing that in just a few months regulations would be put in place. OF COURSE they're going to get as much now as they can. Nice to know those lobbyists are going to be reined in ... maybe ... someday ... in a land far far away.

And those home sales - great, until the next wave of foreclosures for those laid off, still unemployed, loans flip, etc.

By: Chris

Chris — Wed, 01 Jul 2009 21:34:03 +0000

Sure theirs nat as many layoffs right now, summer is the most busy time of year. Wait till the seasonal jobs are lost later this fall, the numbers should be dismal.
With the forclosure moratoriums lifted, please allow 6 full months for eviction and reo listing for "real market" termination. Nevermind the banks mark to ficticous "model". May explain why citi-group is raising rates (read assets) to cover coming losses.
And while were throwing ever devalued money away lets rebuild that place that will be soon wiped out by another hurricane, just because. Maybe we can slip freddy mac a cool 6bil and no-one will notice.

By: Tim Gibson

Tim Gibson — Wed, 01 Jul 2009 21:09:26 +0000

So now it is wait and watch to see if the levies hold with the only way out of town is if the government buys you out because of the toxic sink hole know as the most toxic city in the US.

By: Financial Dispatch: Jobs & housing remain in focus

Financial Dispatch: Jobs & housing remain in focus — Wed, 01 Jul 2009 19:53:43 +0000

[...] News Sources wrote an interesting post today onHere's a quick excerptGas prices decline for 10th straight day Andrew Torgan CNN Financial News Producer Reports out this morning show that the job market is deteriorating at a slower pace, but unemployment is expected to remain high for some time. Payroll-processing firm ADP says private-sector employers cut 473,000 jobs in June, a 2.5% improvement from the revised 485,000 drop in May. That’s more than expected, but the May tally was revised lower. While the economy has shown some signs of stabi [...]