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Category: Economy

Opinion: The Homeowners Insurance Industry is Broken — It’s Time for Bold Solutions

January 17, 2025

Homeownership, once a cornerstone of the American Dream, is becoming increasingly unattainable and financially unsustainable for many due to a dysfunctional homeowners insurance market. Insurance companies, supposedly designed to provide peace of mind during disaster, have become a symbol of corporate greed and exploitation. They’re shortchanging homeowners through endless denials and lowball settlements while raking […]

Democrats Must Reconnect with the Working Class to Regain Trust and Win Back Support

November 11, 2024

The results of the 2024 presidential election—where Vice President Kamala Harris fell short—reflect a powerful truth that the Democratic Party cannot ignore: It’s the economy, stupid. This phrase, coined by strategist James Carville, has resonated for decades, yet Democrats seem to have lost sight of its significance. In today’s economic climate, where inflation has deeply […]

Jeff Landry’s Sales Tax Plan: A Regressive Tax Burden on Louisiana’s Working Class

November 10, 2024

In recent months, Louisiana Governor Jeff Landry’s proposal to eliminate state income taxes in favor of raising sales taxes has sparked an intense debate about the future of economic equity in the state. The rationale behind the plan is to create a tax-friendly environment for businesses and high-income earners by removing income taxes, with the […]

Proposed Grain Terminal at Alabo Street Wharf Has Residents Reeling

September 27, 2024

Residents and business owners in the Holy Cross and Lower 9th Ward neighborhoods will gather Friday evening September 27 to strategize how to prevent a new grain terminal from taking shape at the old Alabo Street Wharf. They believe the business venture will bring significant environmental consequences from disease-carrying rodents and vermin, safety concerns for […]

Kamala Harris’s Bold Economic Plan Delivers Greater Benefits to the Middle Class Than Trump’s

September 20, 2024

Kamala Harris’s economic plan, focusing on down payment assistance for first-time homebuyers, stands out as one of the most promising initiatives to reduce the wealth gap and empower working- and middle-class Americans. Offering up to $25,000 in direct grants to help individuals and families overcome the barrier of down payment, this policy is designed to […]

REMINDER: Lottery Registration for Louisiana Fortify Homes Program Grants Opens Today Through Friday

September 18, 2024

300 Grants Available to Residents of Louisiana’s Coastal Zone Registration for the next round of Louisiana Fortify Homes Program (LFHP) grants will open at 8 a.m. tomorrow, Wednesday, September 18, and close at 5 p.m. on Friday, September 20. While previous grant rounds operated on a first-come, first-served basis, registration for this and future rounds […]

Hurricanes, Homeowners Insurance, and the Free Market Dilemma: Is It Time for Change?

September 11, 2024

Every few years, New Orleans and the surrounding areas brace for another storm season, knowing all too well the damage that hurricanes can bring. While some residents have grown indifferent, shrugging off concerns with the belief that “we’ve been through this before,” there are a couple of reasons that this year—more than ever—should give everyone […]

The Rise and Decline of America’s Middle Class: A Tale of Policy, Purchasing Power, and Inequality

August 18, 2024

In the decades following World War II, the United States witnessed unprecedented economic growth and prosperity that significantly benefited middle- and working-class Americans. From the late 1940s through the 1970s, the American Dream seemed more attainable than ever. As wages increased, homeownership expanded, and the purchasing power of the average worker was robust. However, this […]

Inspector General Blasts Industrial Development Board (IDB)

August 6, 2024

New Orleans’ Industrial Development Board (IDB) has not been a good steward of the city’s fiscal resources because of its lack of formal and transparent policies and procedures that would have held fund recipients more accountable to the IDB’s stated requirements for PILOT projects, according to a new report by the New Orleans Office of […]

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