Atlanta Journal-Constitution

The home foreclosure crisis slamming into the nation's neighborhoods is having the effect of about "one Hurricane Katrina per month," James K. Galbraith, an economist with the University of Texas at Austin, said Friday at a forum examining the credit crisis.

In the immediate aftermath of Hurricane Katrina in the fall of 2005, nearly 275,000 Gulf Coast residents were forced to move into group shelters, according to the Federal Emergency Management Agency.

Economists who recently completed a study for the… more

The Jack Abramoff scandal has focused badly needed attention on the quid pro quo between politicians and donors -- the granting of legislative favors in return for big donations. But evidence suggests that when it comes to money in politics, Abramoff is a distraction from the real issue: the "pyramid of money."

Party leaders such as House Speaker J. Dennis Hastert (R., Ill.) and Minority Leader Nancy Pelosi (D., Calif.), as well as most incumbents from both parties, don't need… more

Without question, there is a role for the federal government in the rebuilding of lives in the devastated Gulf Coast. That's where the emphasis belongs--on people, not on buildings, or even places.

This notion came to me recently as I was discussing the future of New Orleans with a group of evacuees in Houston. Sherby Guillory, a displaced student at Tulane, had this to say about what he saw as the current emphasis on rebuilding the physical charms of his… more