Hoping to take the wind out of Councilman William Theriot’s sails ahead of Tuesday’s council meeting, officials from Lafayette Utilities System argued Thursday that the long-term financial viability of the city-owned utility’s LUS Fiber business is on the horizon. LUS Director Terry Huval, along with Lorrie Toups, chief financial officer for Lafayette Consolidated Government, and CPA Burton Kolder discussed the fiber-to-the-home/business venture’s sustainability during a presentation at City Hall — five days before Tuesday’s City-Parish Council meeting, during which Theriot will give his own presentation on the financial health of LUS Fiber and, we expect, make the case for LCG discontinuing its financial support of the initiative.
LUS officials have been on a public-relations sally for the last week, making the case that despite the spin-off’s financial losses since it was launched in 2009, those losses were anticipated and built into LUS Fiber’s business plan and the business is on track to break even and begin turning a profit by 2015. A briefing on May 21 before the council revealed that LUS Fiber closed out 2011 with a $29 million deficit, a figure The Daily Advertiser parsed into an alarming headline the next day: “Audit: LUS Fiber lost $45,000 a day.” But in a more measured article in The Advocate, Kolder put LUS Fiber’s losses into context: “Normally, most start-up businesses lose money the first three to five years,” he told The Advocate. “... It would be expected.”
The briefing last week, as expected, reignited Theriot’s ideological opposition to LUS Fiber — and that’s what this really is: an ideological argument about a publicly owned utility competing with private enterprise, with Theriot carrying the water for the big, private telecom operators in Lafayette who have opposed LUS every step of the way.
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OCT 30 If you're a Louisiana native of (ahem) a certain age, you might have fond (or fuzzy, as the case may be) memories of a Zebra concert and singing "Who's Behind the Door" until your ears rang. This post on NOLA Defender profiles the leader of that band, Randy Jackson.
OCT 30 The National Journal offers this analysis of Bobby Jindal's willingness to stump in any Senate campaign that's not in Louisiana. Why is that? The Journal asks some GOPers and finds that the answer is one we already know: he's so unpopular here, because he's been so busy running for President, that his support might be "toxic."
OCT 30 If you're not obsessed with the Texas governor's race - what's wrong with you? Here's another installment, from our own IND contributor Lamar White Jr., who explains why Wendy's "infamous" wheelchair ad was a shock to the national media - but not to anyone familiar with Greg Abbott's record.
OCT 30 Blogger Tom Aswell is still all over the OGB mess - and all by himself, apparently. In this post, he's revealing orders from the Jindal administration to destroy records from the state employee health insurance plan. Those orders (he's heard) have angered the Secretary of State and caused an administration lawyer to quit her job. Wow!
OCT 30 Blogger Crazy Crawfish is taking aim at state Superintendent John White again, this time for comments White made recently, claiming that there is no real opposition to Common Core in Louisiana. Crawfish is documenting proof to the contrary here, and lays down the gauntlet to "mainstream news media." (Don't hold your breath on that one, buddy.)
OCT 30 Gambit covers Advocate publisher John Georges' recent visit to Loyola in this post. Georges touches on how things are going in this new gig, what he thinks about the Pic's decision to move printing to Alabama, and how he feels about his political campaigns.
OCT 30 A NOLA lady has alleged she was drugged and raped at a Bywater club that had a clothing-optional policy until recently, and she's now become the victim of a smear campaign, columnist Jarvis DeBerry writes in this post. She chose to reveal her story and her name, and she's being punished for that now, he says.
OCT 30 BESE member Lottie Beebe pens this letter to the editor of the Advocate about the state Department of Education. The DOE isn't exempt from the state public records law, and because of recent lawsuits she tried to require regular reports about how many requests had been made to the department and how many remained unanswered. She wasn't successful.
OCT 29 Manny Schewitz blogs on Forward Progressives about recent Facebook posts from David Vitter, including one that purports to take you to a petition to stop Ebola (say what?) but actually signs you up for his newsletter or campaign email list or some such nonsense. Dave must think we're dummies, Manny says -- and Dave's probably right.
OCT 29 Usually, the copy on Red Shtick is satire. But in this post "from the publisher," we get a pretty astute political analysis of Edwin Edwards' charisma and old-school populist swagger. Edwards isn't concealing billionaire backers, or trying to make his opponent out to be "Satan," the post says. He's just running. Huh; imagine that.
OCT 29 Salon's Elias Isquith writes this fairly hilarious commentary on a National Review post about Bobby Jindal's attempts to "beef up" in preparation for a presidential run. But it's not just funny; Isquith seems to have Bobby's number, commenting on how the Gov "and his team are hopelessly ensconced in the Tea Party bubble."
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