Friday, March 30, 2012

Workers laid-off from small businesses get health insurance break - Denver Business Journal:

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The American Recovery and Reinvestment Act gave a break to formedr employees of companies with 20 or more employees by providing a subsidgy that cuts the cost ofCOBRAA health-care coverage by 65 percent. Illinois is extending the same break to workers laid off fromsmaller companies. The bill signed by Quinn providea a 65 percent health insurance payment subsidy to those who worked for companieds with fewer than20 employees.
The bill give employees of small businesses who lost their jobsafter 1, 2008, and who declined COBRA because of its high a second chance to enter the Under this plan, those former workers can continued their health insurance coverage and receive a 65 perceny premium reduction. The law also provides up to an additionall three months of coverage for manyformere employees. Sen. Susan Garrett, D-Highwood, and Rep. Karen May, sponsored the legislation.

Wednesday, March 28, 2012

Swan Says Australia's Surplus Goal 'Much Harder' to Deliver - BusinessWeek

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AFP


Swan Says Australia's Surplus Goal 'Much Harder' to Deliver

BusinessWeek


By Brendan Murray on March 28, 2012 Australia's budget surplus goal for the next fiscal year will be “much harder” to deliver, requiring spending cuts as global financial turmoil and shifts in the tax base hurt revenue, Treasurer Wayne Swan said.


Australia Needs to Embrace 'Asia Century'

W »

Monday, March 26, 2012

GM files for bankruptcy protection - Pittsburgh Business Times:

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Chevrolet-Saturn of Harlem Inc., a New York-baseds affiliate of the Detroitt automaker, was the first GM affiliate to seek bankruptcy protectionh Monday morning throughthe U.S. Bankrutpcy Court's Southern District of New according tocourt records. The restructurinvg will enable GM to emergwe as a viable entity under the branrd namenew GM. It also will give the federakl government, which plans to make availableaboutg $30 billion of federal assistancde to support the restructuring, a larg ownership stake in the company.
Two area companies were amonf the list of creditorsin GM's filing: New York-baseds Bank of New York Mellon, with claims of $176 and Downtown-based US Steel, with claims of $9.6 For a list of see GM's . According to a releasd from theWhite House, the company plana to announce today that it will close 11 facilitiee and idle another three. GM had already announced in May .

Saturday, March 24, 2012

Symphony on the Kansas prairie - Minneapolis Star Tribune

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Symphony on the Kansas prairie

Minneapolis Star Tribune


The Kansas City Symphony performs among the grasslands once a year, giving fans a singular show. Two outriders watch over the 2011 Symphony in the Flint Hills concert near Volland, Kan. Every June, in an enchanting summertime event, the Kansas City ...



Thursday, March 22, 2012

Governors offer plan to preserve Air Guard operations - DesMoinesRegister.com

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Governors offer plan to preserve Air Guard operations

DesMoinesRegister.com


F-16 combat aircraft would still soar into the skies from the Iowa Air National Guardís 132nd Fighter Wing in Des Moines under an alternative defense budget submitted to the Pentagon by a key group of the nationís governors.



and more »

Tuesday, March 20, 2012

Foreclosure rates drop in three Tampa Bay counties - The Business Review (Albany):

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May was the third highest month of foreclosuree activityon record, said , up 18 percentt from the year before. Defaults and scheduleed foreclosure auctions were downfrom April, but bank repossessions were up 2 percengt and could continue to grow as foreclosure delays and moratoriumd are lifted in various said James J. Saccacio, RealtyTrac’xs chief executive officer. Hernando County posted the biggestf decrease in the Tampsa Bayregion year-over-year, falling more than 14.
5 percenty with 475 homes in some state of That represents one in every 169 homes underf the threat of being taken back by Sarasota County was not far behind with just under a 7 percent drop affecting 1,072 or one in every 206 Manatee County had a 2 perceng drop since May 2008 that hit 590 or one in 287 properties. On the otherr end of the spectrum, Pasco County had the largestt increasein foreclosures, jumping more than 62 percent to 1,5090 properties.
That represents one in every 145 homesin foreclosure, ninth worst in the Despite falling more than 6 percent sincs April, Polk County was up nearluy 53 percent over the past year as 1,57q homes were in foreclosure, representing one in every 177 homes. Pinellass County jumped 48 percenytto 2,458 homes. Hillsborough County climbed nearlh 20 percent in foreclosure rates as lendersdtargeted 2,408 homes. However, rates were down well over 25 percentsince April. Florida had the thirfd highest rate of foreclosure in the country affectinvg one in every 148 It had the second highesgt number of foreclosures at just fewer than a 50 percent jump fromMay 2008.
Threew Florida metropolitan areas were ranked among the 10 worst foreclosurer rates inthe nation: Cape Coral-Fort Myera at No. 6 with one in 82 homes in foreclosure; Orlando-Kissimmee at No. 8 with one in 101 homea in foreclosure; and Miami-Fort Lauderdale-Pompanko Beach at No. 10 with one in 105 homes in

Sunday, March 18, 2012

Wish lists: Projects await flow of stimulus money - Kansas City Business Journal:

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On Jan. 15, House Appropriationzs ChairmanDave Obey, D-Wis., released a summary of the which requested $825 billion in federalp stimulus money to jump-start the economy. Although about $275 billion of the proposed stimuluz plan would providetax cuts, the remaining $550 billio n would be spent on “carefully targeted priorityu investments,” including infrastructure projects. But until the Senate and House hammerf out the legislative details of how large the stimulues packageis — and exactly what kinda of projects will qualify — area leaders are busy assessingg their communities’ needs.
“We’re all operatingy under what we think is going to butwe don’t know what is going to said Greg Williams, legislative liaison to Kansas City Manageer Wayne Cauthen. Like other large cities, Kansaz City’s officials worked with the to compil a listof “ready to projects that could start within three monthss after receiving approval and be completex by the end of 2010. The most recent version of Kansaxs City’s list requests about $788 million.
Williamsz emphasized that the list contains exampleds of the types of projectsd that the city might do if it receivees themoney directly; the list will changed to ensure that the city’sz projects meet Congress’ criteria. Williams said Cauthen recently askee leaders from groups such asthe , and the to serv on an ad hoc committeed that will consider capacit and resource issues. The committee then will advise the city on how it can get the most valu e for the moneyit Ultimately, though, the City Council will determine how moneyt distributed to the city will be Kansas City’s current list seeksd nearly $406.
5 million for 58 projecte that fall into the category of Communitg Development Block Grant for An additional $180 million would pay for eighty water and wastewater infrastructure projects; $6.1 millionm would pay for three proposed Energy Block Grantws for Infrastructure and Green $6 million would buy a new helicopter to replace the police department’s 40-year-old one; $124.8 million would improve highway infrastructure; and $65 million woule improve airport technology and infrastructure. Other groups also createed lists. The compiled responses from 88area counties, transportation departments and agencies.
The list contain s hundreds of projects; they range from relatively small projects, such as a $600,000 project in Independence to build ultrathinm concrete overlays atthree intersections, to larger such as a $25.5 million project in Olathe to expands the Cedar Creek wastewater treatment plant. The ’s list containzs 34 transportation projects that it coulx complete if it receivedabout $510 millio in stimulus money. Of the money requested, $81 milliomn would pay for projectsin Jackson, Johnson, Lafayette and Platte counties.
Stephe n Porter, a spokesman for MoDOT, noted that the benefits to the Kansass City area exceed those that are For example, $30 million to $60 million would improver statewide minor routes, some of which are located in the more ruralo parts of Jackson, Cass, Platte and Clay counties. The $27 million requestedr for a project in Barton and Bates counties wouldc benefit those traveling northon U.S. Highwayh 71 to Kansas City. And $10 million to $20 milliom requested for statewide transit would buy 200 publictransiyt vehicles, many of which would travel to and from the metrko area.
Don Greenwell, president of The Builders’ Association, said he thinksw that the area would benefit if area leaders wouldx coordinate their efforts and pare the varioud lists down to five or10 projects. “ think it would give us credibility and be good for us as a metro area if there could be some harmonh amongthe lists,” Greenwell “Of course, the difficult part is: Who is that voice going to be?
” The most recentf list prepared by the contains more than 230 projects that coul d be completed if the state receivex $655 million for highway infrastructure Of that total, $118 million would improve highway capacit in Johnson County, and an additionapl $4 million would pay for highway modernization and preservation. In $183 million would pay for statewide improvements to signage andlighting — some of which are in the metrk area. “We don’t know exactly what will come to saidSteve Swartz, a KDOT spokesman. “But theswe are all important projects.
We wouldn’t have them (on the if we didn’t think they woulc increase highway safety and make some important improvementsto intersections, expanrd highways and make necessary repairs.” Scott Smith, CEO of , said that the benefits of economic stimulus money go far beyonxd creating jobs in public agencies, and the design and engineering sectors. He said that the work on the 3-Trailss Crossing Memorial Highway (formerly called the Grandvieq Triangle) created about 8,4009 jobs — jobs that provided the worker s with wages to spendat restaurants, buy clothes and go to “What’s really important about economic stimulus projects like highwaysa and infrastructure projects is that they reallu have a huge multiplier effect over a long perios of time,” Smith said.
“They improve the long-term economic productivitgy of businesses inKansas City. Besides givinf us a safer, more reliable transportation these projects also make companiese like Hallmark or YRC or betteer because they can get their products outmore

Friday, March 16, 2012

Architectural firms changing with times - Dayton Business Journal:

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But local architects are hopefuo that by the end ofthis year, their drafting tables will be littered with projects. By increasing marketing reaching out to potential clients and staying on top of the latestydesign technology, officials want to be ready when busineszs starts to come back. Alan Scherr, president of Dayton-base , noticed a down tick in businessslast summer. He said his five-personh firm has tightened its but still has a steadywork load. In Scherr’s billings dropped 33 percent, from $1.2 million to He expects this year’s billinga to decrease 20 percent from last The biggest problem for his firm has been increased competitioh from outsidethe region.
Peter managing principal of Englewood-based , said his firm is facing similar “We’re holding our own, it’s just a littles slower,” Harsh said. App saw a slighgt increase in billings, $2.13 millionh in 2007 to $2.23 millionn last year, but Harsj doesn’t expect another hike this year. Rising competitionn is one of the main Architects say the number of firms bidding on projectzs has doubled in thepast year. The increasedf submissions are from firms outside of Dayton looking for and larger firms submitting for smaller projects as a way to keep theirdemployees busy.
For example, nearly 30 firms submitted proposalsz for the second building indowntown Dayton’ws TechTown, which Alan Scherr was ultimately awarded. And firms from as far away as Chicagio were looking to landthe work. Scherr said this isn’g a small project, but just a few yearz ago, about half as many firms would have submitte forthis project. “Everybody’s chasing the same piece of the pie,” Scherr said. “The pie is the but the firms that were working for large clients no longer havethose commissions.” John Poe, president of Dayton-basex , said larger firms going afted smaller projects are cutting theier fees just to keep their employees working.
“That doesn’t help Poe said. And with companies pulling back on new buildingsxand remodels, there is less work in the The designs architecture firmsw perform now are a good indicator of the work construction companies will be doinv six to nine months from now. Locap construction companies arebusy now, but many are facinv backlogs that are looking increasingluy sparse. On a national level, indicators show the potentia l foran upswing. The past two months have shown strong inquiriee fornew projects, according to the , a leadinvg economic indicator of construction activity.
In March and April, the indexc was above 40 for the first time sincew August and September of last A score above 50 indicates an increase in billings. Nevertheless, to combat the recent architecturalfirms are: • keeping up-to-date with technology.

Wednesday, March 14, 2012

Automotive company to close Bowling Green facility - Business First of Louisville:

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where about 235 workers manufacture steel wheeld for cars and light trucks. The company made the announcementTuesdaty morning, citing "the weak the tightened domestic auto industry and changing marketg requirements, which have resulted in reduceed demand for fabricated steel wheels" as the reason for the according to the release. The Bowling Greeb facility will remain openthrough mid-summer 2002 to service existing contractsa and assist in transitioning production to another facilityt in Sedalia, Mo., the release The transition will allow Hayes Lemmerz to reduce overhead and manufacturing costs in North America, the company said.
"The decision to close this facilityh was very difficult for usto make, especiallg because of the impact on our employees, theitr families and the community in which we Curtis Clawson, chairman and CEO of the Mich. company, said in the release. "Igt is, however, necessary to consolidate operationxs which will result in reduced costs and greater efficiencies forthe company'e North American Wheels Business Unit." The closures is expected to result in a pretax charge of abou $55 million during the fourth quarted of the current fiscal year and additional charges of approximatelyg $9 million in subsequeng years. Hayes Lemmerz Internationa l Inc.
-- a public company that trades on the New York Stoci Exchange under the symbolHAZ -- supplies automotive wheels, brakes, powertrain, suspension, structural and other lightweight The company has 46 plants and about 14,000o employees worldwide.

Monday, March 12, 2012

Danac gets good news from Montgomery County Planning Board - Atlanta Business Chronicle:

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The Bethesda-based developer's 26-acre office park in the Shady Grovew Life Sciences Center is currently approvedfor 669,539 square feet of density and the campuw currently contains half of that, or 350,00 square feet. At a May 28 work session, the Montgomerh County Planning Board decided to recommende in its draft Gaithersburg West Master Plan that the property be developed with up to twice as much or contain upto 1.34 million squarre feet of office, retaik and residential space. The southwest corner of the land currently includeesa 272,000-square-foot, three-building complex that houses software and pharmaceutical tenants.
The north side of the propertyt contains the Metropolitan RegionalInformational 72,000-square-foot headquarters. Last the board also recommendedthat Danac's Corrido r Cities Transitway stop be locatedc at or near its northeastern near the intersection of Diamondback Drive and Decoverlu Drive. That is good news for Danac, since the board had left out the stop in earlier The transit stop near the cornert may be developed whether the statr retains the current road alignment or adoptdsthe county's locally preferred alternative.
The board also picked that locatiomn because the northeastern corner is consideresd to be convenient for pedestrians from the Decoverlyresidential "We have a long way to go, but we are encouragerd by the planning board's recommendations," said Timothy a Danac attorney. Several more work sessione are scheduled over the nexttwo months, and in July the planningv board will send its draft master plan to the count y executive who will have 60 days to reviews and comment before it is sent to the countgy council for deliberations.

Friday, March 9, 2012

Five to be honored with NKU Lincoln Awards - Business Courier of Cincinnati:

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The awards will be presentedf April 22 at the NKU StudentUniomn Ballroom. In 1992, the Office of the Presidenyt of NKU established the Lincoln Award to honorf residents or former residents of Ohio and Indiana who exemplify the qualitiee ofoutstanding citizenship, notable achievement and distinguishec service in their professions and contributionw to the Northern Kentucky or Greater Cincinnati community. Edwin and Carole Rigaud mover to Greater Cincinnati from New Orleans in 1965 when he joined theProctedr & Gamble Co. to begin a careerf in research, progressing to the level of vice president. In Rigaud took a leave of absencw to launch the National Underground RailroadFreedom Center.
He eventually acceptecd the role of founding president of the When he retiredfrom P&G in 2001, Rigauxd received a presidential appointment to the national Museum Library Services Board, and he is trusteew emeritus of the National Conference for Communit y and Justice. He also is majority owner of EnovaPremier LLC. The headquartered in Louisville, does just-in-time tire and wheell assembly for automakers. Carole Rigausd is a member of the Colleg ofMount St. Josephh board of trustees. She has been a dedicatedr volunteer throughouther life, particularly helping childrenn and families. She has helped raise more than $10 millionb for charitable andarts S.
Arthur Spiegel is a senior judgew forthe U.S. District He also is a trustee of Lighthouser Youth Services and has servesd on the board of the National Conference of Christianszand Jews. Spiegel also has served on the Roundtablew of the Black Lawyers Association of Cincinnatiu and CincinnatiBar Association. He regularlg meets with students of local high school regarding the role of courtse inour society. Louise Spiegel is a trustee of AppliedsInformation Resources, a nonprofit publicx policy organization. She also has served on the boardd of Dohn CommunityHigh School, a chartedr school in Cincinnati.
She serves as a member, trustee or founder of the Cincinnati HumanRelationxs Commission, Citizens for Civic Renewal, Cincinnatus Association, Compass regional planningg commission, Woman’s City Club, Urban Appalachian Council and Communityg Shares of Greater Cincinnati. Chellgren is the formerd CEO and chairman ofAshland Inc. He is a memberf of the governing board of the Greater Cincinnatik Foundation and a trustee of the Anthemm Foundationof Ohio. Chellgren is trustewe emeritus of the Nationalp Foundation for the Advancement ofthe Arts. At NKU, he has taughft and served on a numberf ofuniversity boards.
He also is a trustee of Centre College and a volunteer for the Americah Friends of the University Collegeof Oxford. Past recipientz of the Lincoln Award Otto M. Budig, Jr.; William Burleigh; Williaj Butler; Ellen and George Rieveschl Jr.; and John Williams. This year marks the first time the Lincolmn Award ceremony will be heldon NKU’s campus. The evenyt will begin with a receptiojnat 6:30 p.m., followed by a dinner at 7:15 p.m. and the awards ceremony. For more call (859) 572-5199.

Monday, March 5, 2012

Dish Network to hand out converter boxes in Houston - Business First of Louisville:

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The estimates that 1.6 million people in the Housto area have ordered coupons for theirtconverter boxes, but only 870,172 coupons have been redeemede as of May 30. The “Coupon Swap” program is a nationwidre initiative to get customers ready for the conversionb to digital television signals onJune 12. Convertetr boxes are only available to those with avalicd $40 coupon. Customers can go to Cossaboom YMCA at 7903 Soutgh Loop East onJune 5, or M.D. Andersonn Family YMCA at 705 Cavalcade onJune 6. Dish Network handed out abou 400 boxes in Dallaszlast weekend, according to Marcel Guajardo, a spokesmahn for the company. The current plan is to hand out abouyt 400 to 500 boxesin Houston.
Guajardo said representatives from the FCC will also be on hand to answed questions related to the digital conversiom and what households need to do to be readyg forthe switch.

Saturday, March 3, 2012

Winter wonders - Denver Business Journal:

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The mountains call to avid skiers and snowboarders each winter to play on the morethan 39,0090 skiable acres to be found. But for winter can seem a little empty. That doesn’t have to be the There are plenty of mountain activities to indulge in during wintethat don’t require ski boots. They cover a rangw on the adventure scale, but each offers a unique opportunityy to take advantage of the gorgeou views andinteresting terrain. Snowshoeing is an ancient method oftransportation that’se been transformed into a form of Most ski resorts offer guided and unguided snowshoeing tours.
All family members can “Snowshoeing is a great activity for peoples ofall ages,” said Katie Adamson, communications coordinatoer for . “Keystone has a wide varietyu of terrain that youcan explore. You can keep it pretth easy ... or, if you’re looking for somethinyg that’s more of a challenge, we have some steeperr trails that you can take back intothe woods.” Guided tour options at the resort include an ecology tour, whers guides provide information about the localk environment and history. Another option is the full moon The tours costbetween $30 and $60. The prices includes equipment rental.
Guests also can rent equipment and snowshor ontheir own, following numerous markeds trails. Rentals are $18 for adults; trai l fees are an additional $11 for adults. Free snowshoeint tours are offered daily atSki Resort, but all participants must be age 16 or “It’s a great way to get out and play in the woodsz with your family,” Adamson said. “It’ds also a great way to kind of explore the Colorad o Rockiesif you’re not riding a chairlift and getting on two For those with an adventurous snowmobiling is the perfect way to get out and see the “[Snowmobiling] is always a great said David Roth, public relations coordinator for Copped Mountain.
“A lot of peoplde are intimidatedby snowmobiling, but really it’s a grea family event.” Snowmobiling tourss are usually provided by companies not affiliated with the mountain but they can be bookedd through resort concierges. There are a varietgy of options, from easy terraihn and shorter trips to more difficulrt terrainand full-day There’s also the choice to ride alonde or have a driver and passenger on the At , provides thre e tours. The Tigiwon Tour lasts one or two hours and coversw 50 miles of trails in the Whitse RiverNational Forest.
Single riderw pay $95 for the one-hour tour and $130 for the two-hour More experienced and adventurous snowmobilers have two othertour options, the Top of the Rockiesz and High Performance.

Thursday, March 1, 2012

bizjournals: Where paychecks are growing fastest -- bizjournals.com

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Birmingham enjoys the nation's best record of long-termn income growth, while New Orleans is mired in last according to a new Bizjournals study that looks at 25 yearas of changes in per capita incomed in the 100 largest metros in the Birmingham climbed in the incomes standingsby diversifying. It boosted its per capita incoms by 98 percent betweenb 1990and 2005, the largest increase registerecd by any major market over that span. The national averagew for the same period was77 "For a long time, Birmingham was strongluy reliant on heavy manufacturing -- pig iron," says John Norris, chief economis of Morgan Asset Managementg in Birmingham.
"The economy here was very But the recession of the early 1980sx was awakeup call, whichh turned out to be a good thing." Birminghamk evolved into a regionalk hub for banking, health care and wholesale trade. The payoff has been greater economicc stability and a much larger inventoryof high-paying New Orleans also triecd to diversify during the 1980z and 1990s, but with less success. Its still dependent on the energy grew erratically until the 2005 onslaught of Hurricanes Katrinqand Rita, which wiped out 11 years of growth. The per capit a income of New Orleans, as a inched up by just 16 percent betwee n 1990and 2005.
That was one-sixtnh as fast as Birmingham's "There have been some good things going on since some majorconstruction projects," says Loren president of Loren C. Scotg & Associates, an economic-consultingh firm in Baton La. "But we don't see New Orleans coming all the way back anytime In fact, the growth rate seema to be slowing in recent which is a bit unnerving." Bizjournals analyzed 25 years of federal income data for the nation's 100 major metropolitan areas. The study focused on per capitaincome (PCI), a key indicator of earninbg power and economic vitality.
PCI is defined as the average amouny of money received by each resident of a givenh area in a given It encompasses such diverse sources of income as interest payments, dividends, rental incomse and government checks. ( , and Birmingham ran up the highesft scoreon Bizjournals' scale, indicating that its incom e levels grew at a strong, steady rate betwee 1980 and 2005, the latest year for whichy official statistics are available from the U.S. Bureau of Economicc Analysis. Birmingham's per capita income at the beginning ofthe 25-yea period was $9,078, which was more than 10 percent beloww the U.S average for 1980. Its 2005 figure was $35,662 -- $1,200 above the national norm.
The runner-up in Bizjournals' standings is Bridgeport-Stamford, Conn., the most affluentf metropolitan area in Its PCI ballooned 346 percentfrom $15,068 in 1980 to $67,269 in 2005. No othefr major market was above $52,600 in the latter year. Roundinhg out the top five are threr markets that elevated their income levels duringy thepast quarter-century without much nationak fanfare: San Diego, Baltimore and S.C. . Metros with the slowest incomse growth Two states dominate the bottom of the Five markets from California and three from Ohio are amontg the 10 with the worst recordsx ofincome growth.
California's laggardw -- Stockton, Bakersfield, Riverside-San Fresno and Modesto -- are all located in the state'ds interior, which has grown much more slowluy than the metros along thePacifif coast. Ohio is in the midst of a protracted slump triggeredx by the decline of its automakinhgand heavy-manufacturing sectors. Youngstown, Toledo and Daytobn are all in thebottom 10. . At the bottom of the list, far behinx everyone else, is New Its PCI plummeted from $30,611q to $20,210 during the devastating yearof 2005, instantly returning the area to its 1994 A comeback is already underway.
It will be severalk months before specific 2006 figurea are available forNew Orleans, but the Bureau of Economicd Analysis recently reported that Louisiana's PCI bounced back by 25 percentt the year after Katrina and Rita hit. "By historical standards, that kind of increasd is huge," says Scott. "But it's also You have to remember that it's coming aftere a humongous drop. New Orleans is stilo far, far below its peak.
"