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 Parish School Board's mishandling of its insurance selection process over the last two years has caught the attention of the FBI.
Kids under 18 will have to pursue skin cancer the old-fashioned way.
The illustrious Ragin' Cajun alumni will receive the university's prestigious SPARK Award as part of the 10-day arts celebration.
Acadiana's nightlife guide.
Lafayette Parish School Board member Kermit Bouillion says he will defend his District 5 seat in the upcoming election.
The Louisiana chapter of Americans for Prosperity sent the pledge request to all 144 lawmakers in February.
The 5-foot-10, 203-pound former second-round pick has gone to three Pro Bowls in his five seasons.
The state argues that if they identify how they're getting the drugs, they could have trouble buying more because companies don't want to be known as helping in an execution.
The enrollment period ends this month.
Newsy tidbits for the fam
Irish style is smiling
Here's your daily look at late-breaking national and international news, upcoming events and the stories that will be talked about Wednesday, March 12, 2014:
Abshire has rejoined the Lafayette Bar Association, where she previously served as marketing coordinator under longtime Executive Director Susan Holliday
Home-grown Baton Rouge market/deli heads to Lafayette.
Deadline for submitting noms for annual competition is March 15
Whitney Bank officials have confirmed that the downtown branch will cease to exist when it relocates its regional headquarters to River Ranch at the end of May.
So far the Democratic agenda includes proposals to expand Medicaid; increase the minimum wage; offer equal pay to women; heighten regulations on predatory lending practices, like payday loans; and add more transparency in the governor’s office.
Hot-button education issues ranging from Common Core to charter schools have some lawmakers pushing to scrap the appointing process and go back to electing the state's super.
Downtown Lafayette restaurant launches new concept near Le Triomphe
Police say the handcuffed man fatally shot himself in the back, but his family isn't buying the story.
Yeah, it's smoked venison sausage stuffed in a suckling pig stuffed in a lamb and roasted over an open fire.
Acadiana's nightlife guide.
Gov. Bobby Jindal offered a budget proposal that suggests new education and health care spending, pay raises for state workers and an incentive fund to encourage colleges to enhance their science, engineering and technology training.
Reamco founders Brent Milam and Ashley Lane now shareholders in acquiring company and part of its management team.
Low heels, high style
The board hopes to recover all fees paid, plus one-half, along with what could amount to hundreds of thousands in additional penalties.
Oh, the irony... or something like that.
Acadiana's nightlife guide.
Hopefully he’ll be better prepared today than he was in that Feb. 20 deposition.
They came by the hundreds, arriving from all regions of the state to gather on the steps of our Capitol in protest of the Legislature’s long tradition of giving industry the go-ahead to abuse our air, our water and our coastline, all in the name of good economics.