A business uses funds voluntarily invested and offers goods and/or services that the public can choose to buy or refuse to buy. No business can force anyone to unwillingly invest in that business. No business can force anyone to unwillingly assume the risks of that business. No business can force anyone to unwillingly buy goods or services. No business can force anyone to bail it out if it loses money.
A civil government can't lose money because a civil government always has the taxpayers to bail it out. For this reason a civil government will take risks with the taxpayers' money that a business would never take with its own, or with its stockholders' money.
The city-parish wants to take a risk that Cox and BellSouth are unwilling to take because the city-parish has the taxpayers to bail them out, and Cox and BellSouth don't.
The thing that the city-parish president said that bothered me the most is (in reference to the plan for the city-owned utility to spend in excess of $100 million to run fiber optics to every address in the city): "I can't imagine how anybody that truly understands this could be against it." He doesn't understand why any taxpayer would be opposed to being forced to take on this risk, or why anyone other than Cox or BellSouth would be opposed to the city-parish, with its power of coercive force, entering into competition against entities with no such power.
I find it very difficult to believe that the city-parish president was ever in private business for himself. I find it very difficult to believe that he was ever anything but a politician.
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.
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.
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.
Conservatives have been losing their minds over this satirical bit on the Colbert Report.
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?
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.
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.
A federal appeals panel ruled Monday that businesses don't have to prove that they were directly harmed by BP's 2010 Gulf Of Mexico oil spill to collect settlement payments.
The Louisiana Department of Transportation and Development has closed Interstate 10 from I-49 in Lafayette to Seigen Lane in Baton Rouge.
Jim Bernhard, who engineered the sale of The Shaw Group for $3 billion, recently has told several people involved in Democratic politics that he intends to run for governor in 2015.
A New Orleans levee board wants to hold the oil and gas industry accountable for decades of damage to our state’s coastline, but the Legislature may be poised to put the kibosh on the suit.
New standards curb elective induction
CVS stops tobacco sales
If an Acadia Parish fiddler misses a note while swatting a fly, will a St. Martinville accordionist learn “Ma ‘Tite Fille”?
(It's good, it's bad and it's just crazy)
Can state lawmakers find the nerve — and the votes — to neuter payday lenders?
A calm demeanor has served Gerald Boudreaux well — in his career, passion for sports and in life. And it could be just what his district needs in the state Senate.
Acadiana Catholics* react to Francis
The circumstances surrounding the Jan. 26 fire of the 18,000-square-foot home on Verot School Road seemed strange, but what's even more bizarre is the back-story behind owner Ralph Wadleigh.
Choice cuts from Acadiana's news media for Friday, Feb. 28, 2014: