Twofer Tuesday Business

First up is the RollingStone’s Matt Taibbi take down of the New York Times’ Thomas Friedman, who likely has no clue how the average American citizen lives their daily lives. Friedman, likely the wealthiest journalist in the country, is an unabashed proponent of globalization that sees the world divided into two factions, those that like the trend towards the globalization of the world’s economy and those that don’t.

The problem for Friedman being the entire topic is far more complicated than simply painting the opponents of globalization as election year losers (think Bernie Sanders supporters and soon Trump’s). To understand where I’m going with this you must first read Taibbi’s piece because the price of globalization is inequality (income, political and other) along the decimation of the United States middle class. These built in inequalities drove the Brexit vote and no doubt plays a role in the thinking of both Trump and Sanders supporters, which I’m going to illustrate with a picture a reader sent me a while back:

Reader Submitted Photo of the Royal Dutch Shell Special Projects Office in New Orleans, Louisiana. Desks that were once occupied with college educated engineers have been empty for well over a year
Reader Submitted Photo of the Royal Dutch Shell Special Projects Office in New Orleans, Louisiana. Desks that were once occupied with college educated engineers have been empty for well over a year

Those that follow Slabbed’s twitter timeline have witnessed our coverage of the downsizing of the New Orleans RDS office, which I’m getting from a very well placed source. Shell has not exactly made a secret of what they are doing downsizing its New Orleans office but you can’t view what is happening now through the same lens used to examine previous oil patch bust layoffs. Here is an edited comment from Slabbed’s source on the current happenings in NOLA at RDS: Continue reading “Twofer Tuesday Business”

Fortify Your Castle Part Deux: The Mississippi Windpool finally recognizes the building code.

Three and a half years in the making, policyholders that build in communities with the latest building codes will receive a discount. Homeowners who retrofit their houses will also get a discount. Anita Lee has the story from a bit over a week ago:

Changes coming July 1 to the state wind pool will reward communities that have adopted and are enforcing stronger building codes.

The wind pool will offer discounts to businesses and homeowners with structures built to stronger standards.

Wind pool board member Dave Treutel of Bay St. Louis said the South Mississippi insurer of last resort also will for the first time offer residents alternate-living-arrangements reimbursement when a mandatory evacuation has been declared. In addition, he said, policies will be easier to read.

Residents who live in homes built before stronger standards were adopted can receive discounts on premiums by retrofitting their homes. Those discounts will range from 12 to 30 percent.

“We’re recognizing those, and crediting those who have done well,” Treutel said, “not beating those who haven’t. But in reality, communities that haven’t had strong codes will not do as well.” Continue reading “Fortify Your Castle Part Deux: The Mississippi Windpool finally recognizes the building code.”