So many Coronavirus economy questions. For now, very few answers. Lots of disappointments. For some, hopefully, a new promising new normal beginning .
Questions such as: Can businesses in this region recover? Are we ready to reopen? Which industries might be the winners? Which could lose?
Michael Hecht, the President of Greater New Orleans Inc seemed optimistic but worried. Hecht has been the face of the region's economic development engine. He moved to the city after Katrina and has been at the center of major developments in the airline, technology, manufacturing, transportation, aerospace, logistics, just to name a few.
New Orleans Mayor LaToya Cantrell is a left-wing Democrat who espouses the progressive platform of her party. Thus, it should surprise no one that today she is visiting a country that is ruled by leaders who espouse a similar ideology. Today’s Democrats are embracing socialism which has many of the same dangerous attributes of communism. As Cantrell and her entourage enjoy their five-day junket to Cuba, they should try to talk to average Cubans about the impact of this dangerous ideology on the island nation. Of course, a real conversation with Cuban citizens is not allowed for any criticism of the regime is punishable with prison time.
It is always difficult for Louisiana to lose a corporate headquarters, but it is even more difficult when it involves a homegrown business. Yesterday, Smoothie King, a company started in Kenner, Louisiana announced the relocation of its corporate headquarters to Irving, Texas, in the Dallas metropolitan area.