Mid City residents living within BioDistrict New Orleans worry that health and science entities might one day encroach on their neighborhoods, while Governor Bobby Jindal's health care cuts jeopardize the outlook for a BioDistrict lynch pin.
The decrease in economic freedom experienced thus far doesn't mean that the U.S. is about to turn into a poor third world country. But it does imply low or stagnant growth that slows our improvement in living standards.
San Bernardino and other counties are drowning in debt from a crisis created when Wall Street's real estate securitization bubble burst. By using eminent domain, they can clean up the destruction of their land title records and 400 years of real property law.
This proposal has invoked the threat of litigation by the American Securitization Forum and a warning by the Securities Industry and Financial Markets Association (SIFMA) that it could result in mortgage lenders boycotting the financing of homes in the county.
The heat wave may have broken, but the news is still hot on the latest scheme to deal with underwater mortgages: getting them from the lenders through eminent domain in order to modify them and keep people in their homes.