Posts Tagged ‘New Orleans’

The Mansion

Thursday, September 18th, 2008

“The Mansion: A Subprime Parable”

Conde Nast Portfolio Magazine (October 2008 issue)

When Michael Lewis and his family move into a house they can’t afford, he gets a taste of the new American nightmare.

via Michael Lewis’ Mansion – Portfolio.com

In Nature's Casino

Sunday, August 26th, 2007

New York Times Magazine (August 26, 2007)

If, after World War II, you had set out to redistribute wealth to maximize the sums that might be lost to nature, you couldn’t have done much better than Americans had done. And virtually no one — not even the weather bookies — fully understood the true odds.

But there was an exception: an American so improbably prepared for the havoc Tropical Depression 12 was about to wreak that he might as well have planned it. His name was John Seo, he was 39 years old and he ran a hedge fund in Westport, Conn., whose chief purpose was to persuade investors to think about catastrophe in the same peculiar way that he did.

via New Orleans – Hurricane Katrina – Housing – Insurance – Natural Disasters and Storms – Real Estate – New York Times

Wading Toward Home

Sunday, October 9th, 2005

New York Times (October 9, 2005)

There’s a fine line between stability and stagnation, and by the time I was born, New Orleans had already crossed it. The difference between growing up in New Orleans, starting in 1960, and growing up most other places in America was how easy it was to believe, in New Orleans, that nothing meaningful occurred outside it. No one of importance ever seemed to move in, just as no one of importance ever moved away. The absence of any sort of movement into or out of the upper and upper-middle classes was obviously bad for business, but it was great for what are now called family values.

via Wading Toward Home – New York Times

Coach Fitz's Management Theory

Sunday, March 28th, 2004

New York Times (March 28, 2004)

A few people, and a few experiences, simply refuse to be trivialized by time. There are teachers with a rare ability to enter a child’s mind; it’s as if their ability to get there at all gives them the right to stay forever. I once had such a teacher. His name was Billy Fitzgerald, but everybody just called him Coach Fitz.

via Coach Fitz’s Management Theory – New York Times