Wednesday September 21, 2011
|Dr. Loren Scott|
Dwight Andrus Insurance and MidSouth Bank return as presenting sponsors
Although residential home starts in Lafayette Parish are down year-to-date when compared to 2010, sales tax collections are up by almost 11 percent and local real estate analysts see some hopeful signs in sales of existing homes in 2011, especially in recent months. The price of oil is up but rig counts and permits were down through the most recent reporting cycle. Natural gas prices are low and likely to stay that way because of over-supply, but that bodes well for the case being made for the commodity as a relatively clean bridge fuel to the future. Against a continuing backdrop of troubling national economic news and some confusing signs here at home, Acadiana’s economy remains stable, but what of the year ahead?
As business decision-makers enter that all-important fourth quarter planning cycle, ABiz magazine presents the 2011 Entrée to Business Luncheon with Dr. Loren Scott to help put these competing trends in perspective. Widely considered to be the top resource in the state on economic matters, Scott built his career at LSU, where he is now professor emeritus of economics. Known for interpreting complex data into useful, accessible numbers, he is co-developer of the Louisiana econometric model, a model used for providing annual forecasts of the Louisiana economy. Each year in early October, he publishes the much-anticipated Louisiana Economic Outlook, and he says energy remains the driver in Acadiana. “The big question for the Lafayette MSA: How fast will the Gulf of Mexico recover? Will the log jam of permits finally be opened over the next two years? Will the continued development of the Haynesville Shale and the development of the new Tuscaloosa Marine Shale pump up the region’s service industries to the exploration companies?” he asks. “The new 150-person Halliburton facility is a very hopeful positive sign.”
Presented exclusively in Acadiana at the annual ABiz Entrée to Business Luncheon, Scott’s LEO model analysis and projections provide local business leaders with valuable information as they adopt budgets and strategies for the upcoming year. The luncheon is sponsored by MidSouth Bank and Dwight Andrus Insurance, with support from the Acadiana Economic Development Council, and is slated for Friday, Oct. 7, at noon at the Cajundome Convention Center. Each luncheon attendee will receive a CD of Scott’s full LEO report as well as his Acadiana-specific PowerPoint presentation, produced by Vidox Motion Imagery.
The Lafayette superintendent insists the budget is illegal and vows to fight on.
"I am not a scientist," Senate Republican Leader Mitch McConnell has said numerous times, a response that other members of his party have parroted.
The look of leather
1,595 rigs were exploring for oil and 332 for gas. A year ago there were 1,738 active rigs.
Republicans are running strong races against endangered Democratic incumbents in states such as North Carolina, Colorado, Arkansas, Louisiana and Alaska. Republicans are also looking to replace retiring Democrats in Iowa and West Virginia with a GOP lawmaker.
Historic three bedroom in Crowley or contemporary town house in Lafayette
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Saints safety Kenny Vaccaro says he "can't wait" to play against Green Bay quarterback Aaron Rodgers.
The heat keeps rising for Iberia Parish Sheriff Louis Ackal as a new slate of corruption allegations surfaced this week.
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At the horn the officiating crew trotted to the tunnel and left security personnel to clean up after them.
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Four bedroom Acadian or three bedroom traditional
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Even if Jimmy Graham's production dips while the star tight end recovers from a shoulder injury, it looks like Drew Brees won't have much trouble finding other targets.
A former campaign manager for Senate candidate Rob Maness is striking at the Republican contender's tea party support, saying Maness only sought to appeal to conservative organizations because he needed money for his campaign.
Ninety-two percent of public school teachers were rated either effective or highly effective in a report the state issued marking the second year of a new statewide evaluation process.
School board members Mark Babineaux, Hunter Beasley and Tehmi Chassion can vote to fire Cooper — because we all know that’s exactly what they’ll do.
District 2 school board candidate Simon Mahan is hoping to unseat first-term incumbent and former Carencro Mayor Tommy Angelle in the Nov. 4 election.
District Attorney Mike Harson is showing his desperation by falsely attributing quotes to his opponent and blocking journalists from his social media.
Three bedroom Acadian or a two bedroom town home