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

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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).

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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."

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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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