Paul O’Neill, the late former U.S. Treasury secretary and CEO of the industrial corporation Alcoa, once marched into Vice President Dick Cheney’s office to warn him about increased spending that could lead to a possible debt crisis.
On Google maps, the Northeast side of Eastern Ave looks like an urban oasis. In the foreground…
Typically, during an economic downturn, households see their financial fortunes fall. Incomes are lost, debt service payments are missed, and assets are repossessed. The global financial crisis of 2008 was particularly debilitating, with unemployment rising to ten…