The future of New Orleans

The Wall Street Journal has an article on whether New Orleans will make a full comeback:

According to Census Bureau estimates, New Orleans's population declined by 4%, or 21,000, between 2000 and 2004, to 462,000. Among the cities with the largest populations in the nation, the only one with a larger decline during that stretch was Detroit. Some 24% of New Orleans families lived below the poverty line, according to the Census Bureau, compared to 9% nationally.