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.
New menu items ready for the Lenten season
The Cane Fire Film Series screens “MaidenTrip” on Monday, March 10, at the AcA.
Acadiana's nightlife guide.
The vibe of the tribe done modern
The Louisiana Workforce Commission said Friday that initial claims rose to 2,125 from the previous week's total of 1,964. There were 2,887 initial claims during the comparable week in 2013.
The Board of Elementary and Secondary Education has stalled action on a $3.5 billion annual school funding formula due to state lawmakers by March 15.
The New Orleans Saints have yet to make it official as of this writing, but popular wide receiver Lance Moore has reportedly been cut by the team to free up salary-cap space on the roster.
While two medical marijuana bills are slated for the upcoming legislative session, what some Louisianans might not know is that the plant was approved for therapeutic use by state lawmakers in 1991.
The agenda is shaping up to be lighter than in previous years. But Jindal is term-limited, with fewer than two years remaining in office, and he saw his last big initiative — a proposed rewrite of Louisiana tax law — collapse without getting a vote in 2013.
Sharper has been held without bail because of an arrest warrant issued by Louisiana authorities accusing him and another man of raping two women.
Here's your daily look at late-breaking national and international news, upcoming events and the stories that will be talked about Friday, March 07, 2014:
Two Lafayette men have been revealed by police as the infamous duo behind a caper that shook our fair city to its core.
She’s the daughter of the legendary Johnny Cash, but she’s been a gifted artist in her own right for three decades, and she’s coming to Lafayette.
The Lafayette Parish School Board has received a second letter of demand related to last year’s insurance debacle, this time from Key Benefit Administrators claiming it’s owed $93,000 from the school system.
Acadiana's nightlife guide.
The Louisiana coastline is vanishing faster than mappers can keep track.
A bill that would have overridden local ordinances prohibiting public and private employers from discriminating against lesbian, gay and transgender people has been pulled within less than a week of being filed.
The panel that selects nominees for a controversial New Orleans area flood control board — a board that is suing more than 90 oil, gas and pipeline companies — is set to discuss legislation affecting its independence.
State prison officials cannot keep secret the seller and manufacturer of the two drugs purchased for executions at the Louisiana State Penitentiary, a federal judge ruled Wednesday.
State lawmakers will not appeal a judge's ruling that it was improper to use $3.7 million from a probation and parole officers' retirement fund to balance the state's operating budget.
Prepare yourselves for sun
Acadiana's nightlife guide.
Conservatives have been losing their minds over this satirical bit on the Colbert Report.
Due to the chaos of Mardi Gras and the weather, the entry deadline for this year's INDesign Awards has been extended by one week.
The Lafayette Parish School Board leaves a lot to be desired, but is scrapping the election process in favor of an appointed board the answer?
Queen Evangline and King Gabriel ruled Tuesday night
The House approved legislation Tuesday night to roll back a recently enacted overhaul of the federal flood insurance program, after homeowners in flood-prone areas complained about sharp premium increases.
IND Style does Gabriel
Newsy bits for the fam
The NFL has formally designated New Orleans' Jimmy Graham as a tight end for the purposes of his franchise tag value, which is now set at $7.05 million next season unless Graham and the Saints subsequently agree on a long-term deal.