The potential economic impact of losses to the commercial and recreational seafood industries in Louisiana by Hurricane Katrina could reach up to $1.6 billion over the next 12 months, according to a preliminary draft report by the state Department of Wildlife and Fisheries. While officials still need to conduct comprehensive assessments on the water and from the air, experts are already concerned that some commercial anglers will exit the trade as cheaper imports flood the market. "The industry is not going to exist for some period of time," says John Roussel, assistant secretary of the department.
Roughly 33 percent of all wholesale and retail seafood dealers reside in the impacted region, as do 63 percent of the state's charter boats. Rex H. Caffey, director of the Center for Natural Resource Economics and Policy at Louisiana State University, considers the preliminary impact released by the state to be "extremely conservative," especially since his office estimated commercial dockside prices to be about $1 billion earlier this year. Louisiana produces more seafood than any other state in the lower 48. "I never conceived losing this much of the market at one time," Caffey says.
David Lavergne, a fisheries economist with the state, says all the natural resources devastated by Hurricane Katrina are renewable, although no one knows when they may return. The preliminary study puts the potential loss at the docks, which is the first point of sale for fishermen, at $12 million for crab, $44 million for oysters, $11 million for saltwater fish and $81 million for shrimp. None of the figures, however, include losses from damaged boats, shut processing plants and damage to other equipment. Consumers may feel a temporary pinch from high prices, officials say, but that is unlikely to last as cheaper imports offer an alternative. ' Jeremy Alford
MURPHY OIL'S NEW LAFAYETTE HOME
Murphy Oil Corp. has leased space in Saloom Office Park on Asma Boulevard to put its New Orleans-based employees back to work, says Kevin Fitzgerald, a spokesman for the oil and gas exploration and production company.
Before Hurricane Katrina, Murphy employed about 300 people out of its downtown New Orleans office, including support personnel for E&P, refinery operations and downstream retail. In all, El Dorado, Ark.-based Murphy has about 6,000 employees.
Fitzgerald says the company has not yet decided how many New Orleans employees will work in Lafayette and whether the stay here will be permanent ' a move that would buck a longstanding trend of oil companies moving out of Lafayette. "All of those kinds of decisions haven't been made," he says. "We've got to get a bit of normalcy back to our lives."
The company's refinery in Meraux, where oil spilled into floodwaters after the hurricane, is still down. The hurricane also damaged some of Murphy's offshore facilities and hampered communication. ' Leslie Turk
Parents and teachers who support the Common Core education standards sued Gov. Bobby Jindal Tuesday over his actions against the multi-state standards, accusing him of illegally meddling in education policy.
An arrest was announced this morning in connection with last week’s bomb scare at UL Lafayette.
Attorneys, judges and others interviewed by LaPolitics expect 15 to 20 district judge races this year.
"I feel like I'm under siege," an attorney said recently over drinks at Galatoire's Bistro in Baton Rouge. "We all do. Every time I turn around somebody wants a check. District attorney races. The judges. They're killing us."
As a requirement for running for Congress in the 6th District, former Gov. Edwin Edwards has filed his financial disclosure statement with the U.S. House showing his income in 2013 totaling $242,787.
Unlike those swindled by Bernie Madoff, the victims of Texas businessman Robert Allen Stanford’s Ponzi scheme won’t be getting any relief from the Securities Investor Protection Corp.’s emergency fund after a recent appellate court ruling.
Tuesday's Blogs from the Bog!
Prince George turns 1 today; crash victims' bodies headed home; homeless attacked in New Mexico and more national and international news for Tuesday, July 22, 2014.
The legal challenge is part of a continuing struggle over Common Core, which has become controversial since the Board of Elementary and Secondary Education adopted the standards in 2010.
The lone Democrat to announce he's running for governor, state Rep. John Bel Edwards, criticized Republican Gov. Bobby Jindal's budgeting tactics as "running the state like a big Ponzi scheme."
State police have arrested a 42-year-old Kaplan man in the July 7 hit and run fatality crash that killed a bicyclist on Louisiana Highway 92 near Milton.
Republican U.S. Rep. Bill Cassidy has picked up support for his U.S. Senate campaign from a former GOP competitor.
Lisa Hargis Smith lived a mysterious life as seen with her death earlier this month and its impact on the community of those who knew her, whether as a star student in Lafayette High’s class of ‘69, or later as a woman struggling with homelessness and mental illness.
Attorney Valerie Gotch Garrett will announce on Tuesday that she plans to run for the Division E seat of the 15th Judicial District Court.
Back in 2012, three Baton Rouge attorneys came to the aid of several disgruntled police officers with a high-profile lawsuit against the Lafayette Police chief and a number of higher-ups in city-parish government, but in a federal courtroom Thursday, their claims of conspiracy coupled with a lack of evidence backfired and the case was dismissed.
Gov. Bobby Jindal's administration intends to rework how it pays the private managed care networks that provide health services to two-thirds of Louisiana's Medicaid patients.
Gov. Bobby Jindal's administration is raising health insurance rates and cutting benefits for state employees and retirees, to keep their insurance program solvent.
Local, state and federal law enforcement officials spent much of Thursday reviewing their reaction to this week’s bomb threat, which led to the closure and evacuation of UL Lafayette and Girard Park, and a massive search Wednesday for two alleged explosive devices.
"We're not in a better place from the policy perspective than we were two weeks ago," says Education Superintendent John White, commenting on Thursday's face-to-face meeting with Gov. Bobby Jindal to discuss their dispute over Common Core.
Gov. Bobby Jindal appears to remain unmoved by offers of a compromise on procuring testing materials tied to the Common Core based on a terse statement his office released following a meeting Thursday with Superintendent John White.
Wednesday's Senate vote on contraception legislation is the latest example of Democrats' win-by-losing strategy, which forces Republicans to vote on sensitive matters that might rile women this fall.
A benefit will be held tonight at Romacelli Bistro in Youngsville to raise money for the family of fallen cyclist Lon Lomas.
After weeks of public disagreement, Gov. Bobby Jindal and Education Superintendent John White are sitting down to talk about standardized testing for the upcoming school year.
Two members of the Lafayette Parish law enforcement community who also serve on the Lafayette Parish Communications District will not be allowed to apply for the paid position of director of the agency.
After determining that the two reported bomb-like devices at Girard Park and UL Lafayette this morning were non-explosive, authorities have lifted the barricades, and an investigation into who was responsible is now under way.