That almost-new suit you haven’t worn in a year, the pants you never got hemmed — get rid of them and feel good about it by donating them to Dress for Success during the 10th annual Send One Suit Weekend through Sunday, March 4. Drop off clothing donations at any Dressbarn women’s store (the closest locations are listed below the jump).
The nonprofit Dress for Success focuses on helping disadvantaged women who are trying to gain financial independence. The organization collects and distributes donated professional apparel needed for job interviews and beginning a new job. Items needed include suits, blouses, skirts, pants, shoes and accessories. Dress for Success partners with national retailer Dressbarn for Send One Suit Weekend. Dressbarn's stated goal for 2012 is to collect 60,000 items at its 825 stores, 9,000 more than the 51,000 the public donated during last year's drive.
Gov. Bobby Jindal today announced that General Electric Co.'s financial services arm GE Capital plans to bring an information technology center to New Orleans. At a press conference in the IP Building downtown, Jindal said the company will locate 300 jobs here, each paying between $60,000 and $100,000 per year. By the time the center is fully staffed in 2015, its payroll will total nearly $30 million.
Jindal and Mayor Mitch Landrieu heralded the plan as a major boon to the city and the state, not only because of the new jobs, but because GE in chose the New Orleans over dozens of other locations competing for the tech center (probably in no small part because of the state's very, very generous tech incentives).
"I promised the people of Louisiana that we'd see a new Louisiana," Jindal said. "We are creating a new state ... We're seeing a city rise to a new era."
(Continued after the jump)
Having learned of the giant $26 billion mortgage settlement between the Justice Department and most state attorneys general against Ally/GMAC, Bank of America, Citi, JPMorgan Chase and Wells Fargo this morning, I reached out to Attorney General Buddy Caldwell's office to find out how much we'd be getting and how it will be divided up among eligible current and former state homeowners.
I just received a statement from his communications director Amanda Papillion Larkins. It's very brief and very preliminary, but here it is:
"The proposed agreement provides an estimated $67.6 million in direct relief to Louisiana homeowners and addresses future mortgage loan servicing practices. The Louisiana Attorney General’s Office is reviewing the details of the settlement and will provide more information as it becomes available."
Here's the DoJ-created website about the settlement: www.nationalmortgagesettlement.com
You’ve still got time to make it to a Ujamaa celebration at Christian Unity Baptist Church (1700 Conti St. at N. Claiborne Ave.) tonight from 7 p.m. to 8:30 p.m. The event is free and open to the public.
Ujamaa is the fourth of seven principles of Kwanzaa, and is Swahili for “cooperative economics,” Glynn Johns Reed, publisher of the quarterly Black Pages magazine has undertaken a three-month campaign based on Ujamaa. Her goal is to increase awareness of locally owned African-American businesses and encourage blacks to patronize African-American businesses. The campaign ends Feb. 29, 2012.
The Ujama event tonight includes a panel discussion on cooperative economics with a diverse panel of African-American business owners and pastors. The celebration also includes refreshments, a candle-lighting ceremony, drumming, dancing and more.
The overall economic impact of the BioDistrict in downtown New Orleans will be well over $6 billion in terms of infrastructure investments, new and “saved” jobs, personal earnings and tax collections, according to LSU economist James Richardson, who also is a member of the Louisiana Revenue Estimating Conference.
Richardson’s projections are contained in a report completed last month for BioDistrict New Orleans. The report measures the economic impact of the district’s construction phase, which will be most intense in the first five years but will continue up to 20 years, as well as the impact of ongoing operations once the district’s component institutions are up and running.
Richardson’s study estimates total “investment” during the first five years will be more than $1.6 billion — not including major equipment purchases — with a total of more than $3.3 billion in economic impact during that same period. That $3.3 billion includes more than 7,000 jobs a year (most of them in construction) and more than $1.1 billion in personal earnings. New state and local tax collections will reach $140 million or more during those same five years, he estimates.
Researchers from the University of New Orleans and Loyola University teamed for the Avondale Research Project, tasked with looking at what impacts the closure of the Avondale shipyard would have on the area.
Obviously, the thousands of now-planned (and in-progress) layoffs would devastate the workers there. The project, in its recently released report "Avondale: The Uncertain Future of a Great American Shipyard," says it also would impact the New Orleans area economy and beyond. The report points to laid off workers unable to "make house payments, purchase cars, send children to college or support local businesses," and an uncertain job market for skilled labor would keep many of the thousands of Avondale workers without a comparable job.
Last month, Gov. Bobby Jindal announced the state would kick in $214 million in incentives should the yard remain open, though the yard owner, Huntington Ingalls Industries, still needs a "business partner" for the site.
Also on hand for the opening were state Sen. Karen Carter Peterson, state Rep. Helena Moreno and about two dozen chefs from some of the city’s leading restaurants, several of whom are used in the supermarket’s ad campaigns. Ti Martin of Commander’s Palace spoke, as did chefs Alon Shaya (Domenica) and John Folse (the soon-to-open Restaurant R’evolution). Landrieu praised the chefs on hand for their contributions to the city’s “cultural economy.”
Reflecting the increasingly well-heeled downtown population, the store offers high-end luxury items in addition to the usual canned goods and Louisiana-made products: a stone-fired pizza oven, lobster and live fish tanks, a pho bar, a gelateria, a humidor and an extensive wine section.
More under the jump, including a look at which New Orleans neighborhoods are still "food deserts," and where more supermarkets will be opening in 2012 ...
This has nothing to do with New Orleans ... but I've missed Triumph the Insult Comic Dog and am pleased to see him back on Conan. (This was the same show where O'Brien officiated at the same-sex wedding of one of his staffers, a job that was probably best not left to Triumph.)
A friend in Washington state just received a letter from U.S. Treasury Secretary Timothy Geithner, who apparently uses Lafayette-based Iberia Bank as the repository for U.S. government funds. Who knew Lafayette was such an international banking hub?
The email was delayed eight months for some reason (perhaps because the government uses the "Globomail" domain instead of something.gov?), but the real news is that Timothy is, in his own words, "versatile":
U.S. Department of the Treasury
1500 Pennsylvania Avenue, NW
I am Timothy F. Geithner. The Secretary of the Treasury under the U.S Department of the Treasury. The executive agency responsible for promoting economic prosperity and ensuring the financial security of the United States. However, by virtue of my position as the Secretary of the Treasury, I have irrevocably instructed the Federal Reserve Bank to approve your fund release via issuance of a CERTIFIED CHECK drawn on IBERIA BANK, which is the authourized bank for your fund release.
However, as a former President and Chief Executive Officer of the Federal Reserve Bank of New York, and being a versatile banker of repute with about 25 years experience in the financial sector, I wish to state categorically that a CERTIFIED CHECK of $6,500,000.00 USD drawn on IBERIA BANK will be issued and sent to you via the US Postal Service at no cost to you. Every and all cost associated with the delivery of the CHECK has been pre-paid by the U.S Government. The only cost associated with your fund release is the cost of processing a "Fund Clearance Certificate", which is estimated to the value of $150.00 USD.
More from "Timothy Geithner" under da jump ...
Our lead news story this week is about "Bank Transfer Day" — the consumer movement in which bank customers are urged to close their accounts at megabanks and establish new accounts at community credit unions or small local banks. The impetus was the new "debit card fees," which some banks were about to start charging for customers who like to use their debit cards for purchases. (Read the story here — along with the reasons the banks may not care about losing your puny account, peasant.)
Now several banks are making an about-face, including Regions (which has branches in New Orleans) and SunTrust, which is even going so far as to refund the debit card fees they've been charging customers since June.
Learn more about Bank Transfer Day here — or get a musical lesson in how to move your money from the cheerfully dorky The Disclosures (who have also recorded "98 Problems — But a Bank Ain't One):
Fantastic! In my neighborhood! Yum.
is your penis an "innie"
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