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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (37050)	9/13/2005 8:16:39 PM
From: patron_anejo_por_favor	Read Replies (1) of 116555

End game for the credit insurers? Talk about a hand-to-mouth existence! news.yahoo.com In a day of reckoning across battered New Orleans, the owners of a nursing home were charged in the deaths of dozens of patients killed by Hurricane Katrina's floodwaters, the death toll in Louisiana jumped to 423, and the mayor warned that the city is broke, unable to make its next payroll. Mayor C. Ray Nagin said the city was working "feverishly" with banking and federal officials to secure lines of credit through the end of the year. Amid the discouraging news, there were also clear signs of progress on many fronts: The New Orleans airport reopened to commercial flights, the port resumed operations, and the mayor said dry sections of the ravaged city — including the French Quarter and the central business district — could be reopened during the daytime as early as Monday, provided the Environmental Protection Agency finds the air and water are safe.

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