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Nothing new in old New Orleans

After Hurricane Katrina devastated New Orleans and the Gulf Coast in 2005, Congress underwrote $7.9 billion in tax-free bonds that Louisiana could sell in order to rehabilitate the area.
According to a status report, $5.9 billion in bonds have been sold by the state, but only $55 million of that (1 percent) is for projects inside New Orleans (and none in the devastated Lower Ninth Ward).
By contrast, $1.7 billion (about 29 percent) is going to projects that benefit the state’s oil industry.
Now, that
is sure
Artist Noam Braslavsky’s life-size sculpture honoring the ...

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