Friday, October 17, 2008

What Recession?

Posted By on Fri, Oct 17, 2008 at 1:34 PM

click to enlarge kid at parade

Photo by Jonathan Bachman


This is far from the realm of translating Spanish newspapers or filming tricked-out buses ( so let's ignore how it is I came across this, but Business Week released a list of the 21 best cities to live in during a recession. Oh and what have we here? New Orleans squeaked in the top ten at No. 9 right after Baton Rouge. The most interesting part though? Having 24-hour bars apparently isn't the main reason the Big Easy is so high up the list (although I'm sure it helps).


As it turns out, Business Week cites that the "unemployment rate remains low. The city's banks, which did not make a large number of risky loans during the housing boom, are relatively healthy. And firms are investing heavily in construction projects in the city, rebuilding levies and building a new refinery."


The list has a fair share of surprising entries, not the least of which is Durham, N.C. at No. 3. Other unexpected economic stalwarts include Anchorage, Alaska and Lexington-Fayette, Ky.

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