Who does capitalism better? For all appearances, China has emerged unscathed from the global economic crisis, in stark contrast to its biggest debtor, America. China's admirers point to its ability to mobilize state resources, quick decision-making and business-friendly environment as reasons for its economic ascendency.
The Treasury Department is awarding $3.6 billion dollars in New Markets Tax Credits to revitalize low-income and distressed communities. Five Louisiana organizations are among the recipients, and are getting a total of almost $300 million.
New Orleans officials are giving high marks for the city’s performance in this year’s Mardi Gras. Work is already starting on making sure next year’s carnival season goes well, even with a Super Bowl in the middle of the party.
New Orleans officials are trumpeting a new business deal with General Electric as a “game-changer” for the city's economy. It’s seen by some as a pivotal shift away from the traditional tourism economy.
The Magazine Street Retail Relief Festival started in the early days after Katrina as an attempt to jumpstart local business. This festival, the fourth one, is Saturday, November 8, with merchants opening their doors to customers looking for a unique shopping experience.