August 31st, 2006|by Michael Ashley Schulman, Perspectives, The Big Picture, Writers|

Last August, Hurricane Katrina struck the Gulf Coast, caused over $100 billion of turmoil, and highlighted the ineptitude of government services to provide effective coordinated relief. This August was much milder; meteorologically and economically. According to the Fed, economic growth has moderated in step with a cooling housing market and lagged increases in commodity prices […]