Category: Urban issues

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Unrequired Reading

Stuff I meant to post about in the past week:

Writing about restaurants in New Orleans (with a go-to mention of Finis Shelnutt):

“When people are still mucking out their houses, chefs are living in FEMA trailers, and others are finding out they are going to get screwed by their insurance company, I don’t want to be the guy who is writing about how the foie gras is not quite up to snuff,” he said.

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Why bashing Wal-Mart is not a good strategy for the Dems:

By restraining inflation, intense competition of the sort that Wal-Mart provides eases pressure on the Federal Reserve to do the job with higher interest rates. Note the paradox: At one level, intense competition destroys jobs, as some companies can’t compete, but the larger effect is to increase total job creation by fostering favorable economic conditions.

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Get your picture taken with Jesus.

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NO,LA: It’s the civil engineering, stupid!

Why didn’t the Corps design a consistent, redundant system? In large part, the reason was foot dragging — or worse — by pols on the state, local, and federal levels. In some cases, political opposition prevented the Corps from seizing land to build sturdier foundations. Plus, Louisiana’s local levee boards were lousy stewards. Levee officials were political animals, not engineering experts, and sometimes proved more interested in running ancillary “economic development” projects than working with the Corps to make sure the levees were up to their task. (It’s not because New Orleans is poor and black: the levees protect New Orleans’s richer, whiter suburbs too.) In addition, the Corps warned that many of New Orleans’s manmade canals, obsolete for years, should be closed or at least gated -— to no avail. Moreover, when the Corps, along with state officials, came to understand that wetlands restoration is a vital part of the flood protection system, not a tree-hugger’s afterthought, Congress balked at spending the required $14 billion over several decades for coastal restoration.

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The Chinese village of Dafen is like the opposite of William Gaddis’ The Recognitions:

In just a few years, Dafen has become the leading production center for cheap oil paintings. An estimated 60 percent of the world’s cheap oil paintings are produced within Dafen’s four square kilometers (1.5 square miles). Last year, the local art factories exported paintings worth €28 million ($36 million). Foreign art dealers travel to the factory in the south of the communist country from as far away as Europe and the United States, ordering copies of famous paintings by the container. [. . .]

Some five million oil paintings are produced in Dafen every year. Between 8,000 and 10,000 painters toil in the workshops. The numbers are estimates: No one knows the exact figure, which increases by about 100 new painters every year. But it’s not just professional copy painters who are drawn to Dafen — graduates of China’s most renowned art academy also come here. They complete only a small number of paintings a month and earn as much as €1,000 ($1,282).

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A guy used the graphics engine of the computer game Half Life to make a video tour of Frank Lloyd Wright’s Fallingwater house.

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Go see Little Miss Sunshine when you get the chance. We caught it yesterday. So did a couple of children sitting in the row behind us. They were less than 10 years old, and I’m sorta wondering if their mom noticed the “R” rating on the movie, or just thought it would be a fun flick about children’s beauty pageants, with that guy from The Daily Show. She may’ve been a little surprised when Alan Arkin was snorting heroin in one of the opening scenes. Anyway, it was a really wonderful flick, with a punchline that almost had us crying with laughter.

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And have a good holiday.

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Housing ka-boom

LONG article about how a popular type of mortgage, the option ARM, does not actually provide money for free, and is about to annihilate a lot of homeowners’ finances:

After prolonging the boom, [option ARM] mortgages could worsen the bust. They also betray such a lack of due diligence on the part of lenders and borrowers that it raises questions of what other problems may be lurking. And most of the pain will be borne by ordinary people, not the lenders, brokers, or financiers who created the problem.

Gordon Burger is among the first wave of option ARM casualties. The 42-year-old police officer from a suburb of Sacramento, Calif., is stuck in a new mortgage that’s making him poorer by the month. Burger, a solid earner with clean credit, has bought and sold several houses in the past. In February he got a flyer from a broker advertising an interest rate of 2.2%. It was an unbeatable opportunity, he thought. If he refinanced the mortgage on his $500,000 home into an option ARM, he could save $14,000 in interest payments over three years. Burger quickly pulled the trigger, switching out of his 5.1% fixed-rate loan. “The payment schedule looked like what we talked about, so I just started signing away,” says Burger. He didn’t read the fine print.

After two months Burger noticed that the minimum payment of $1,697 was actually adding $1,000 to his balance every month. “I’m not making any ground on this house; it’s a loss every month,” he says. He says he was told by his lender, Minneapolis-based Homecoming Financial, a unit of Residential Capital, the nation’s fifth-largest mortgage shop, that he’d have to pay more than $10,000 in prepayment penalties to refinance out of the loan. If he’s unhappy, he should take it up with his broker, the bank said. “They know they’re selling crap, and they’re doing it in a way that’s very deceiving,” he says. “Unfortunately, I got sucked into it.” In a written statement, Residential said it couldn’t comment on Burger’s loan but that “each mortgage is designed to meet the specific financial needs of a consumer.”

This is one of those instances where the financial industry is at fault, but they couldn’t have pulled it off without the help of idiotic consumers. Any transaction I get into worth $500,000 is not going to involve someone who put a flyer in my mailbox.

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C’est Levee, or Once More Unto the Breach

It’s the first anniversary of Hurricane Katrina’s whomping of the Gulf Coast. I’ve been down to New Orleans four times since then. I’ve tried to chronicle a little bit of the reconstruction, or at least my viewpoint on the progress.

My perspective is limited, of course. Amy’s family lives about 25 miles from the city, so the people I see the most down there talk more about the after-effects, not their own property loss. We’ve made trips into the city each visit, but mainly in the central business district and the French Quarter. I haven’t gone through the lower Ninth Ward in any of my visits, but I also don’t visit the South Bronx when I go to New York.

Or does the WTC site serve as a better analogy? Ray Nagin seemed to think so, when he contrasted NOLA’s rebuilding pace with the five-year span since the Twin Towers were knocked down: “You guys in New York can’t get a hole in the ground fixed and it’s five years later. So let’s be fair.”

It was a cheap shot, but Nagin’s a mentally unstable grandstander, so that needs to be factored in.

How does the city get rebuilt? Darned if I know. I wouldn’t exactly trust a “master plan” developed by the crooked politicos of Louisiana in concert with the ass-clowns in Washington, and the Army Corps of Engineers is already covering its ass about the possibility of the current levees being unable to handle another major storm. I’m having enough trouble just trying to settle on a color for my home office, since the official VM wife objects pretty violently to the deep green currently in place.

(Witold Rybczynski in Slate has a neat piece about how a new-urbanist project in Denver provides an example of how to start putting together neighborhoods, but it all presupposes that the neighborhoods aren’t built in a locale that’s existentially flood-prone.)

I’m having trouble coming up with anything to say that I haven’t gotten at already, so why don’t you, my dear readers, tell me what you make of New Orleans? A bunch of you came to visit in March for my wedding, but I want to hear from those of you who haven’t seen it, too. Tell me what you remember of the city, if you’ve been there before, what you thought if you’ve been there post-Katrina, and what you think of the ways and means of rebuilding a city that wasn’t in great shape before it’s cataclysm.

(Update: I know it’s hard to believe, but Ray Nagin has more to say!)

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Bush Saves New Orleans

Last night, we had CMT’s Hee Haw Weekend Marathon on while Amy worked up a dose of Emeril’s spicy tomato glaze. My parents didn’t watch Hee Haw much when I was a kid, although my dad developed an unhealthy attachment to Willie Nelson in the 1980s (unhealthy inasmuch as he really loved that duet with Julio Iglesias). My in-laws asked if I listened to Buck Owens. I told them I never did, but that Amy was pretty broken up when Owens died this year.

I made my first visit to a Wal-Mart yesterday. Where I live (northern NJ) it’s not a huge feat to avoid them; my grocery needs aren’t extensive and the only store I know of nearby is up in Western Samaria (aka Rt. 59 in NY state). Down here, it’s more of a necessity, especially post-Katrina. I took one step inside and Got It: huge, well-lit venue, cleaner than any of the local markets, good selection of food products. And then there’s all the other stuff: a family passed us with a shopping cart filled with food, back-to-school clothing, and a color inkjet printer. Wal-Mart doesn’t carry everything, of course.

In the “efnic food” aisle, we bumped into Amy’s cousin Wade, whom I last saw during his visit to NYC with his wife. He pines to retun to the city.

I always wonder about how different regions see each other. It reminds me of that scene in Annie Hall, when Woody Allen tells Tony Roberts, “Don’t you see? The rest of the country looks upon New York like we’re left-wing, Communist, Jewish, homosexual, pornographers. I think of us that way, sometimes, and I live here!” But Wade really liked visiting, and no one down here’s given me any crap for, um, being who I am. Even if the housepet is a little judgemental.

The news here is focused on yesterday’s six murders — the murder rate is skyrocketing this year — but the top story is that Reggie Bush signed his rookie contract with the Saints. In the Times-Pic, it takes top billling over a misguided idea to build a “Jazz Park” to replicate Chicago’s Millennium Park.

Tonight, we’re staying in New Orleans at the same hotel we stayed in leading up to our wedding. I’m flooded with memories of last March, and so is Amy. We had a little snack (if that’s possible) at Café Du Monde, and reminisced about the end of our wedding evening. I love being in this city, but I have a hard time imagining how it’s going to recover from the disaster last year. I’m glad we did what we could to boost the economy via our friends’ alcohol consumption.

It’s a Sunday afternoon in mid-summer, so it’s kind of dead outside. I was hoping to get some good pictures, but there really isn’t much to see that I haven’t snapped in past trips. We’ll be dining at NOLA tonight, then getting up earlyish to fly home. If I do manage any good pix tonight, you’ll be the first to know.

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Highways, Byways, etc.

On Sunday, George Will offered a tribute to the Interstate Highway System, which celebrates its 50th anniversary this summer:

Eisenhower’s message to Congress advocating the interstate system began, “Our unity as a nation is sustained by free communication of thought and by easy transportation of people and goods.”

No legislator more ardently supported the IHS than the Tennessee Democrat who was chairman of the Senate Public Works subcommittee on roads. His state had benefited handsomely from the greatest federal public works project of the prewar period, the Tennessee Valley Authority, which, by bringing electrification to a large swath of the South, accelerated the closing of the regional development gap that had stubbornly persisted since the Civil War. This senator who did so much to put postwar America on roads suitable to bigger, more powerful cars was Al Gore Sr. His son may consider this marriage of concrete and the internal combustion engine sinful, but Tennessee’s per capita income, which was just 70 percent of the national average in 1956, today is 90 percent.

Meanwhile, a 3-ton slab of concrete fell inside Boston’s Big Dig tunnel, killing a passenger in a car. Evidently, this is not connected to the Big Dig concrete fraud case. But after going $12 billion over budget, you can imagine that corners had to be cut somewhere, right?