small business

US, China stimulus good news for emerging markets: Portfolio manager [Video]
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Small Business Lifestyle

US, China stimulus good news for emerging markets: Portfolio manager [Video]

Derrick Irwin of Allspring Global Investments sees stimulus from the U.S. and China as big factors that can drive growth for emerging economies. He also shares his top picks in the emerging-market space, one of them he describes as a contrarian call.

New Orleans activating more school zone cameras [Video]
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Small Business Lifestyle

New Orleans activating more school zone cameras [Video]

WELCOME BACK. A HEADS UP FOR YOU. THIS BACK TO SCHOOL SEASON, THE CITY OF NEW ORLEANS SAYS RIGHT NOW THERE IS A DELAY IN TURNING SCHOOLS DOWN. CAMERAS BACK ON, WHICH WERE SET TO BE REACTIVATED YESTERDAY. WDSU REPORTER ELIZABETH KUEBEL EXPLAINS WHY AND WHAT IT MEANS FOR DRIVERS WHO NAVIGATE THE CAMERAS EVERY DAY. YOU MIGHT PASS BY SIGNS JUST LIKE THIS ONE. EVERY DAY ON YOUR DRIVE TO WORK, OR TO DROP YOUR KIDS OFF AT SCHOOL. BUT RIGHT NOW, YOU WILL NOT GET A TICKET BECAUSE CAMERAS JUST LIKE THIS ONE ARE NOT TURNED BACK ON YET. SO ITS KIND OF NICE TO HAVE A LITTLE BIT OF A REPRIEVE FROM NOT HAVING TO WORRY ABOUT THAT, OR THINK ABOUT IT OR SEE THE FLASH AND THE IN THE CORNER OF YOUR EYE AND BE LIKE, OH MAN, I JUST GOT A TICKET. SO ITS NICE. MEG TRAVIS, WHOSE HOME IS SANDWICHED BETWEEN A COUPLE OF SCHOOLS ON CANAL STREET, SO SHE IS VERY FAMILIAR WITH THESE SCHOOL ZONE CAMERAS. HAVE YOU EVER GOTTEN A TICKET FROM ONE OF THEM? I HAVE GOTTEN, YES, MANY TICKETS FROM THEM. SHE, OF COURSE, WANTS KIDS TO BE SAFE. BUT IS EMBRACING THE DELAY, WHICH THE CITY SAYS IS HAPPENING AS THEY WORK TO IMPLEMENT A NEW STATE LAW THAT WILL NOW SPLIT UP CAMERA REVENUE BETWEEN SCHOOL ZONES AND THE SEWAGE AND WATER BOARD FOR DRAINAGE. COUNCILMAN JOE GIARRUSSO WANTS TO MAKE SURE THE MONEY IS GOING TO THE PLACES THAT NEED IT, AND IS URGING THE CANTRELL ADMINISTRATION TO RESOLVE THIS MATTER QUICKLY. THE BOTTOM LINE IS PEOPLE DONT LOVE THE CAMERAS. WERE KEENLY AWARE OF THAT. BUT AT THE SAME TIME, THE REASON WHY THE CAMERAS NEVER GOT TURNED OFF IS BECAUSE THEY GENERATE $20 MILLION. THAT IS A LOT OF MONEY. AND IF YOURE GOING TO SAY WERE GOING TO DO THINGS WITH MONEY, USING IT TO SUPPORT KIDS AND INFRASTRUCTURE SEEM LIKE TO THE HIGHEST NEEDS STILL, DRIVERS LIKE MEG SAY THEY ARE ENJOYING THE BREAK AND EVEN IF YOU SEE THIS LIGHT RIGHT HERE, FLASH, THE CITY SAYS THAT YOU WILL NOT BE ISSUED A TICKET RIGHT NOW. REPORTING ON CANAL STREET. IM ELIZABETH KUEBEL WDSU NEWS. ALL RIGHT. GOOD INFORMATION THERE. AND REMEMBER, YOU OF COURSE STILL NEED TO DRIVE CAUTIOUSLY AND SAFELY IN SCHOOL ZONES. JUST SLOW DOWN. THE CITY SAYS THEY WIL

Mobile home community celebrates becoming resident-owned [Video]
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Small Business Funding

Mobile home community celebrates becoming resident-owned [Video]

Residents of Linnhaven Mobile Home Park in Brunswick celebrated officially becoming a resident-owned community on Tuesday.The acquisition of the park was led by the Blueberry Fields Cooperative, a board made up of Linnhaven residents.In a first-of-its-kind acquisition, the group purchased the park directly from the previous owners for $26.3 million.The purchase makes Linnhaven the largest resident-owned mobile home community in the state.The co-op relied on several different lenders to make the acquisition possible.M&T Bank financed us. Genesis Loan Fund financed us, we got a grant from the state, said co-op board member Melissa McCarthy.Leading up to the purchase, some residents were worried that the high price of the acquisition would mean a steep increase in rent prices.However, the co-op says rent for residents is only expected to rise around $100, due in large part to them using a state grant specifically intended for mobile home communities.This is a low-income community,” said board member Celeste Yakawonis. “That was prime on the lenders agenda, that we couldn’t raise the rent a large amount.”Maintaining the standard that we all moved here for is the biggest challenge,” said McCarthy. “But we’re working really hard to make sure that we keep that.”