Public Policy Commons^™

The New New Orleans, Gregory Rusovich

New England Journal of Public Policy

The Business Council of New Orleans and the River Region was formed in 1985 by the iconic chairman and CEO of Freeport McMoRan, Jim Bob Moffett. The core mission of the Business Council during its thirty-four years has been to improve the region’s business climate, enhancing the quality of life for the community, working to effect principled reform, and simply striving to make New Orleans a safer and better place to live, work, and raise a family. It consists of CEOs and owners of primarily the largest businesses and employers in the city and has ranged in total membership from …

Community Demand For Change And Accountability: A History Of Court Watch Nola, New Orleans’ Community Courtwatching Program, Simone Levine

New England Journal of Public Policy

The criminal justice system, like any other system, is run by insiders: prosecutors, judges, deputy sheriffs, police, clerks, private defense, and public defenders. But system outsiders—victims, witnesses, criminal defendants, and the community in general—have the power to demand respect from that same system and to demand that the system work for them. System insiders have no monopoly on the knowledge and the power to shape the criminal justice system.

Katrina And The Philanthropic Landscape In New Orleans, Ludovico Feoli

New England Journal of Public Policy

This article explores the impact of Hurricane Katrina on the philanthropic landscape in New Orleans, drawing on the perspective of participants in the field—staff and board members of community, local, and national foundations and key nonprofits—who were surveyed or interviewed for this purpose. It does not offer a definitive statement about the disaster as it pertains to philanthropy; nor does it consider the crucial leadership role of the many individuals involved in the recovery process, even though that role often intercepted with the philanthropic sector. Instead, it seeks to identify general trends that emerge from a qualitative assessment of the …

Across Racial Lines: Three Accounts Of Transforming Urban Institutions After A Natural Disaster, James Carter, Nolan Rollins, Gregory Rusovich

New England Journal of Public Policy

At 1:30 p.m. on August 29, 2005, Hurricane Katrina grazed the mostly evacuated city of New Orleans, reserving its most devastating force for coastal Mississippi, just to the east. During the next two days, the federal levees protecting the city failed in multiple places. Sixteen hundred people died in the metropolitan area. Residences and businesses in 80 percent of the city went underwater. Public officials warned residents and business owners that they might not be able to return for two to three months. The scope of devastation in certain parts of the city made ever returning questionable for many residents. …

How Data Became Part Of New Orleans’ Dna During The Katrina Recovery, Lamar Gardere, Allison Plyer, Denice Ross

New England Journal of Public Policy

Data intermediaries have a symbiotic relationship with government as the source of most of their information. The open-data movement in government and development of software-as-a-service technologies shaped the data landscape after Katrina. Through relationships and talent transfers with The Data Center, the City of New Orleans went from having its chief technology officer in federal prison and its data systems in shambles to being a nationally recognized leader in open and accountable government. To be effective during disasters, an intermediary should be (1) in place and widely respected before the event, (2) ready to respond immediately after the event and …

The Nutria That Roared: How Building Coalitions Can Empower The Small To Drive Great Change, Michael Hecht

New England Journal of Public Policy

Hurricane Katrina saved the New Orleans economy. To be clear, Hurricane Katrina was not “good”—it was a devastating event, the most destructive storm in American history, costing thousands of lives and billions of dollars in damage. But when the books are written, and the story is told, the conclusion will be inescapable: Hurricane Katrina marked a profoundly positive inflection point in the New Orleans economy.

Preventing Bankruptcy And Transforming City Finances After Hurricane Katrina, Andy Kopplin

New England Journal of Public Policy

In 2010, when the Landrieu administration took office in New Orleans, we inherited a financial situation that the mayor compared to the massive oil spill occurring at that very time in the Gulf, the worst in US history. The city was nearly bankrupt. Much of what we faced was the result of factors—Hurricanes Katrina and Rita, the subsequent failure of the federal levees, the great recession—that were far from the prior administration of Mayor Ray Nagin’s control. Much was the result of a culture of ineffectiveness and inefficiency that predated his administration. But much was the result of gross mismanagement …

Transparency And Efficiency In Government Operations: New Orleans Civil Service Reform, Kevin Wm. Wildes S.J.

New England Journal of Public Policy

It may strike some students of history as ironic, if not contradictory, to talk about civil service reform. The civil service movement was the reform. Some of that skepticism was apparent in the response we received from many city employees when we began exploring the idea of reforming the city’s civil service in post-Katrina New Orleans, and it was understandable. The city employees we talked with expressed fear that we would be returning to the colorful days of Governor Huey Long, when political patronage was based on who you knew and not what you knew. They assumed there were only …

Recreation Reform: Leveling The Playing Field In Post-Katrina New Orleans, Arnie Fielkow, Mithun B. Kamath

New England Journal of Public Policy

Between 2000 and 2005, I was in charge of every aspect of the New Orleans Saints’ non-football operations, from ticket sales to corporate sponsorships to lease negotiations for the Superdome. By spring 2007, though, by some combination of fate, determination, and maybe a little naiveté, I found myself in charge of legislatively repairing the City of New Orleans’ entire system of recreation. I quickly discovered that this was no small task.

Rising From Katrina’S Ashes But Still In Crisis: Public Defense In New Orleans, Derwyn Bunton

New England Journal of Public Policy

New Orleans’ nickname “Big Easy” was based on the “anything goes” perception of the city. Feeding this perception was a sense of lawlessness, that New Orleans was a place where the rules changed depending on who you were and who you knew. So when Hurricane Katrina hit the city in August 2005 and tossed everything around—flooding mansions and missions, damaging the Superdome and supermarkets—the storm challenged old perceptions and presented unique challenges. Katrina made at least one thing clear: New Orleans could no longer wait for change, pretend nothing happened, or look back. The city’s survival depended on its ability …

Editorial, Teresa R. Behrens

The Foundation Review

No abstract provided.

Impacting Agriculture And Natural Resource Policy: County Commissioners’ Decision-Making Behaviors And Communication Preferences, Kati Lawson, Kevin Kent, Shelli Rampold, Ricky W. Telg, Ashley Mcleod-Morin

Journal of Applied Communications

Elected officials at the local, state, and national levels play key roles in shaping the agriculture and natural resources (ANR) sectors through the development and implementation of ANR policies and regulations. As such, it has become necessary for members of the ANR community to understand the policy formation process and how to communicate effectively with elected officials about ANR policies and issues. However, little research has been conducted at the local level to examine how local elected officials (LEOs) interact with information specific to ANR policies to make decisions. This study was designed to assess the communication and information-seeking preferences …

Access To Autism Spectrum Disorder Services For Rural Appalachian Citizens, Angela Scarpa, Laura S. Jensen, Denis Gracanin, Sharon L. Ramey, Angela V. Dahiya, L. Maria Ingram, Jordan Albright, Alyssa J. Gatto, Jen P. Scott, Lisa Ruble

Journal of Appalachian Health

Background: Low-resource rural communities face significant challenges regarding availability and adequacy of evidence-based services.

Purposes: With respect to accessing evidence-based services for Autism Spectrum Disorder (ASD), this brief report summarizes needs of rural citizens in the South-Central Appalachian region, an area notable for persistent health disparities.

Methods: A mixed-methods approach was used to collect quantitative and qualitative data during focus groups with 33 service providers and 15 caregivers of children with ASD in rural southwest Virginia.

Results: Results supported the barriers of availability and affordability of ASD services in this region, especially relating to the need for more ASD-trained providers, …

Lessons Learned: Edwin (Ted) Truman, Yasemin Sim Esmen

Journal of Financial Crises

Insights on fighting financial crises from Ted Truman, an expert in responding to the international dimensions of financial crises. Topics include the initial US response to the Global Financial Crisis of 2008-2009 and the utiltiy of issuing Special Drawing Rights (SDR).

Lessons Learned: Ray Dalio, Andrew Metrick, Rosalind Z. Wiggins, Kaleb B. Nygaard

Journal of Financial Crises

Insights from a discussion with Ray Dalio, Founder, Chairman, and Co-Chief Investment Officer of Bridgewater Associates, one of the largest hedge funds in the world. Topics range from monetary policy to communications strategy when responding to a financial crisis.

Basel Iii G: Shadow Banking And Project Finance, Christian M. Mcnamara, Andrew Metrick

Journal of Financial Crises

The Net Stable Funding Ratio (NSFR), a liquidity standard introduced by Basel III, seeks to promote a better match between the liquidity of a bank’s assets and the manner in which the bank funds those assets. The NSFR requires banks to maintain a minimum amount of funding deemed “stable” by the Basel framework based on the liquidity of the banks’ assets and activities over a one-year timeframe. One of the areas seen as most affected by this development may be bank participation in project finance for infrastructure development. Since the global demand for infrastructure development remains robust, the shadow banking …

Basel Iii F: Callable Commercial Paper, Christian M. Mcnamara, Rosalind Bennett, Andrew Metrick

Journal of Financial Crises

One of the Basel Committee on Banking Supervision’s responses to the global financial crisis of 2007-09 was to introduce the Liquidity Coverage Ratio (LCR), a short-term measure that evaluates whether a bank has enough liquidity to meet expected cash outflows during a 30-day stress scenario. One area in which this incentive has already resulted in changed practices is in the market for commercial paper. Banks often provide backup liquidity facilities to the issuers of commercial paper that the issuers can draw upon to repay a maturing issue of commercial paper if they are unable to sell a new issue to …

Basel Iii E: Synthetic Financing By Prime Brokers, Christian M. Mcnamara, Andrew Metrick

Journal of Financial Crises

Hedge funds rely on “prime brokerage” units within banks to provide leverage. With the enhanced capital requirements and new liquidity standards introduced by Basel III driving up the cost to banks of engaging in such financing, prime brokers have begun to offer an alternative means of providing hedge fund clients with leveraged exposure to securities. Known as synthetic financing, this alternative requires the prime broker to enter into derivatives contracts with the clients. Under the Basel III framework, the ability of banks to hedge and net such derivative positions results in capital and liquidity costs for synthetic financing that are …

Basel Iii D: Swiss Finish To Basel Iii, Christian M. Mcnamara, Natalia Tente, Andrew Metrick

Journal of Financial Crises

After the Basel Committee on Banking Supervision (BCBS) introduced the Basel III framework in 2010, individual countries confronted the question of how best to implement the framework given their unique circumstances. Switzerland, with a banking industry that is both heavily concentrated and very large relative to the size of its overall economy, faced a special challenge. It ultimately adopted what is sometimes referred to as the “Swiss Finish” to Basel III—enhanced requirements applicable to Switzerland’s “too-big-to-fail” banks Credit Suisse and UBS that go beyond the base requirements established by the BCBS. Yet the prominent role played by relatively new contingent …

Basel Iii B: Basel Iii Overview, Christian M. Mcnamara, Michael Wedow, Andrew Metrick

Journal of Financial Crises

In the wake of the financial crisis of 2007-09, the Basel Committee on Banking Supervision (BCBS) faced the critical task of diagnosing what went wrong and then updating regulatory standards aimed at preventing it from occurring again. In seeking to strengthen the microprudential regulation associated with the earlier Basel Accords while also adding a macroprudential overlay, Basel III consists of proposals in three main areas intended to address 1) capital reform, 2) liquidity standards, and 3) systemic risk and interconnectedness. This case considers the causes of the 2007-09 financial crisis and what they suggest about weaknesses in the Basel regime …

Basel Iii A: Regulatory History, Christian M. Mcnamara, Thomas Piontek, Andrew Metrick

Journal of Financial Crises

From the earliest efforts to mandate the amount of capital banks must maintain, regulators have grappled with how best to accomplish this task. Until the 1980s, regulation had been based largely on discretion and judgment. In the wake of two bank failures, the central bank governors of the G10 countries established the Basel Committee on Banking Supervision (BCBS) and in 1988, the BCBS introduced a capital measurement system, Basel I. The system represented a triumph of the fixed numerical approach, however, critics worried that it was too blunt an instrument. In 1999, the BCBS issued Basel II, a proposal to …

Jpmorgan Chase London Whale Z: Background & Overview, Arwin G. Zeissler, Rosalind Bennett, Andrew Metrick

Journal of Financial Crises

In December 2011, the Chief Executive Officer and Chief Financial Officer of JPMorgan Chase (JPM) instructed the bank’s Chief Investment Office to reduce the size of its Synthetic Credit Portfolio (SCP) during 2012, so that JPM could decrease its Risk-Weighted Assets as the bank prepared to adopt the impending Basel III bank capital regulations. However, the SCP traders were also told to minimize the trading costs incurred to reduce Risk-Weighted Assets, while still maintaining the opportunity to profit from unexpected corporate bankruptcies. In an attempt to balance these competing objectives, head SCP derivatives trader Bruno Iksil suggested in January 2012 …

Incorporating Macroprudential Financial Regulation Into Monetary Policy, Aaron Klein

Journal of Financial Crises

This paper proposes two insights into financial regulation and monetary policy. The first enhances understanding the relationship between them, building on the automobile metaphor that describes monetary policy: when to accelerate or brake for curves miles ahead. Enhancing the metaphor, financial markets are the transmission. In a financial crisis, markets cease to function, equivalent to a transmission shifting into neutral. This explains both monetary policy’s diminished effectiveness in stimulating the economy and why the financial crisis shock to real economic output greatly exceeded central bank forecasts.

The second insight is that both excess leverage and fundamental mispricing of asset values …

La Administración Pública Desde La Perspectiva De La Prevención De Atrocidades En Las Respuestas A La Covid-19: Aprovechar La Pandemia Para Lograr Mayor Equidad Social, Nadia Rubaii, Kerry E. Whigham, Susan Appe

Gobernar: The Journal of Latin American Public Policy and Governance

The pandemic is already forcing many individuals, businesses, and governments to rethink much of what they do and how they do it. As such, it presents an opportunity for public administrators to reimagine the criteria they use when designing and implementing programs and policies, and to more actively engage in prevention of identity-based violence. In this contribution, we suggest a new analytical lens to guide public administrators’ decision making, one informed by the theory and practice of mass atrocity prevention. This perspective recognizes that the decisions and actions of public administrators in response to the pandemic will influence whether individual …

Battle Of The Sexes: A History Of Social Change And A Solution For Maintaining A Child’S Best Interest In Light Of The #Metoo Movement, Jackie Calvert

Indiana Journal of Law and Social Equality

No abstract provided.

The Political Preference Of Arkansas Farmers And Ranchers, Rachel J. Barry, Donna L. Graham

Discovery, The Student Journal of Dale Bumpers College of Agricultural, Food and Life Sciences

Access to information is critical to improving production efficiency, but little is known about how farmers are informed on the policy or issues influencing programs related to farming. This research sought to determine the sources of communication used by farmers and ranchers to form opinions about agricultural policy and candidates, identify the issues important in voting, and their level of participation in the political process. Face-to-face interaction was the preferred form of communication in farm organization meetings, with friends, or farm agencies. Magazines were the preferred source of print communication, and university/extension websites were preferred for internet sources. Broadcast media …

The Racist Impact Of Redistributive Public Policies: Handout Versus Hand-Up, Mittie Davis Jones

Cultural Encounters, Conflicts, and Resolutions

Federal government policies, while benefitting some urban areas, have historically been detrimental to African-American people. Years of welfare and housing policies have placed central city residents, especially African-Americans, at a disadvantage which they have not overcome. Policies that once denied benefits to Black people, such as public welfare and federally-insured mortgages, morphed into stigmatized policies which, when available to Blacks, became obstacles to their advancement. These same policies enabled the majority White population to do what they were initially designed to do – provide a toehold during a period of temporary economic decline after which personal advancement was possible.

The …

Panel Discussion: The Right To Education: With Liberty, Justice, And Education For All?

Northwestern Journal of Law & Social Policy

No abstract provided.

The Comedy Of Maine’S Commons: Private Ownership As Economic Development, Michael Cianchette

Maine Policy Review

In Maine, we have managed to avoid the tragedy of the commons in several arenas. One way we have supplanted tragedy with comedy is through supporting and respecting private ownership of property. Some of this support is by necessity, as areas that might be publicly owned in other states—such as our expansive forests—are predominately privately owned in Maine. Other times, it is through a recognition that the private sector supports responsible public investment and is willing to financially support it through increased tax revenue. As Maine prepares for its next 200 years, policymakers should take heed of these examples. Government …

Structural Inequalities In The Opportunity Maine Tax Credit, Daniel S. Soucier

Maine Policy Review

Daniel Soucier discusses the structural inequalities in the Maine Opportunity Tax Credit.