Rolling along: Ever since food trucks started appearing along roadsides in New Orleans after Hurricane Katrina, vendors have been struggling with city codes and ordinances that they say unnecessarily hamper their operations. Now, as The Times-Picayune reports, they’re taking their case to the public with the “Let The Food Trucks Roll! A Food Truck Rally & Symposium,” slated from 6 p.m. to 9 p.m. today at the Ashé Cultural Arts Center. The New Orleans Food Truck Coalition aims to roll back a city law that limits trucks to sitting in one spot for no more than 45 minutes, and wants to end the ban on food trucks in the Central Business District, among other things. Read the full story here.
Peeling into it: When Apple reports on its second quarter financial results later today, analysts are expecting net income of $9.8 billion. But whatever figure Apple reports won’t reflect its true profit, because the company hides much of its profit with an unusual tax maneuver: building up an overlooked asset in the form of billions of dollars, tucked away for tax bills it may never pay. Tax experts say the company could easily eliminate these phantom tax obligations. That would boost Apple’s profits for the past three years by as much $10.5 billion, according to calculations by The Associated Press, which has the full story here.
Laying down the law: Attorney General Eric Holder will announce a sweeping federal consent decree today to reform New Orleans’s long-troubled police department. A person with direct knowledge of the plan tells The Times-Picayune that the reforms that Holder will announce are expected to be some of the broadest and strictest ever imposed on a police department, and will be overseen by a federal judge. The department has been plagued by decades of corruption and mismanagement. Check out the full story here.
