The Katrina anniversary is all about contrasts. More than one resident has called it a tale of two cities and, as cliched as that phrase may be, it certainly applies here. Unemployment is below the national average, but poverty is twice the national rate.
To really know if we have succeeded, to really know if we have created a New Orleans region better than before, we have to go out ten years. Here we will find the “new normal” that will come to pass after the Katrina money has run dry, and the economy is left to stand on its own.
It's a tall order to transform New Orleans by 2030, but that's the aim of the city's new master plan—five years after Hurricane Katrina hobbled this historic place and the surrounding Gulf coast region.
BP said Thursday that it decided not to bid for a drilling license near Greenland, a move government officials there say may be due to its tarnished safety image after the disastrous blowout of a deepwater well in the Gulf of Mexico.
Nearly five years after Katrina and the devastating failures of the levee system, New Orleans is well on its way to getting the protection system Congress ordered: a ring of 350 miles of linked levees, flood walls, gates and pumps that surrounds the city and should defend it against the kind of flooding that in any given year has a 1 percent chance of occurring.
A bill in California could pass this week banning wasteful single-use plastic bags if state legislators can be convinced that consumers can bring his/her own sack for carting off a loaf of bread.
Federal investigators are hearing testimony from BP executives in a joint probe into the cause of the explosion that led to the massive oil spill in the Gulf of Mexico.
Using infrared and microwave images of the entire planet taken twice a day, Lanworth can distinguish between each type of agricultural commodity—corn, soybeans, wheat and on and on—and discover the total number of acres of each planted overall.
Though BP owns just a fraction of the United States service stations that carry its brand, independent station owners are suffering from public reaction to the oil spill. The NYT reports.
A federal judicial panel has agreed to consolidate the 77 lawsuits over the BP oil spill in New Orleans, despite objections from some of the defendants who wanted the cases heard on more neutral territory.
A Justice Department official says negotiations with BP have been completed to ensure that the oil company follows through on a commitment to establish a $20 billion compensation fund for victims of the Gulf oil spill.
Lexington, Mass. and Colorado Springs, Colo. are taking radically different approaches to budget savings and the one implementing energy conservation is seeing a nice payoff.
See what's happening, who's talking and what will be making headlines on Friday's Squawk on the Street.
Media coverage of the Gulf oil spill’s effect on the gulf has focused on tourist income lost by the waterfront towns with footage of empty beaches, restaurants and T-shirt shops dominates the news. Interviews with devastated business owners are heart-rending. But they always end with references to somehow hanging on until “things get back to normal.”
Unsafe drinking water is the world’s largest cause of disease and death. The United Nations Development Program has stated that every $1 invested in water and sanitation produces $9 in healthcare cost reduction and economic development.
See what's happening, who's talking and what will be making headlines on Thursday's Squawk on the Street.
American taxpayers who spent $50 billion bailing out General Motors may see some returns, if the Obama administration allows it.
BP could decide later Wednesday whether to pump cement into its blown-out Gulf of Mexico oil well from the top and begin plugging the leak for good, a company executive said. 1st paragraph of story should go here
It’s pretty safe to say that BP has been the most-watched company in the world for the last 100+ days since the fire and subsequent oil spill in the Gulf of Mexico began.