UL Lafayette finance professor Linus Wilson was recently enlisted by The New York Times to analyze financial data related to U.S. banks’ payback of loans to the federal government through the Troubled Assets Relief Program, the $700 billion bailout of a teetering American financial system last fall by the Treasury Department. By the Times’ estimation, Uncle Sam and U.S. taxpayers have realized a roughly $4 billion profit on the repayment of TARP loans by troubled banks.
There will soon be a whole lot of shakin’ going on at Benny’s Sportshack Supplement Depot, a new concept by Opelousas native Benny Nele. Located at 2002 Johnston St., the supplement shop, smoothie bar and café, featuring hot off the press paninis and wraps, plans to open in late May.
Philip deMahy Sr., a once respected New Iberia ad exec, was sentenced May 2 to spend the next two years (he faced up to 100 years) in a state penitentiary after state and federal investigators found dozens of images depicting children engaged in lewd sexual acts on his personal computer.