Wednesday, June 22, 2011
Written by The Independent Staff
We’ll never know just how critical a role he played, but U.S. Sen. David Vitter certainly sufficiently pressured the SEC to make a determination on whether victims of Allen Stanford’s alleged Ponzi scheme are entitled to insurance coverage. The long-awaited recommendation came after a two-year battle that started with a Securities Investor Protection Corp. opinion that Stanford victims were not eligible to file claims. It also came a day after Vitter put a hold on two SEC member nominations. In its decision, the SEC said people who bought so-called CDs through the Stanford Group Co., Stanford’s U.S. brokerage arm, are entitled to the insurance; the SIPC says it’s studying the decision. Those who lost money can only recover up to $500,000 of their investment (unrecoverable is the interest most paid taxes on for years), which won’t make all local investors whole, but it’s a start to rebuilding their financial futures. Though its recommendation is a major victory for Stanford victims, the SEC’s Stanford problems are far from over, as local investors have sued the regulatory agency, alleging negligence and misconduct.
When Louisiana Family Forum backs a bill, be afraid — be very afraid. Joining a long list of bait-and-switch legislation, led by the granddaddy of them all — the Louisiana Science Education Act — is House Bill 580 by West Monroe Republican and avowed proponent of “academic freedom” for creationists Frank Hoffman. HB 580 neuters the state Board of Elementary & Secondary Education in its oversight role for vetting textbooks in public-school science classes, giving over authority for such purchases to local school boards and, consequently, opening the door for pseudo-scientific claptrap like Intelligent Design filtering into the curriculum. The Louisiana Coalition for Science and other groups have come out strongly against the bill, which sailed through the House with all of Lafayette Parish’s reps voting in favor. As The Ind headed to press Monday the bill was scheduled to be heard by the full Senate. By this reading it has likely passed and is headed to Gov. Bobby Jindal, who has a biology degree yet, as we unfortunately know, holds his political base in higher esteem than he does the basics of mainstream science.
Maybe the best argument for evolution and its quirks is U.S. Rep. Michelle Bachmann, who believes Intelligent Design — that’s creationism in a lab coat, kids — should be taught alongside evolution because, well, just because and Obama’s bad, America first, bomb Iran, hotdogs and apple pie. Bachman made an off-hand reference to Nobel laureates having doubts about evolution in 2006, a claim challenged by recent Louisiana high school graduate Zack Kopplin, leader of the doomed charge to repeal the LSEA in the legislative session and a top-notch student who, not coincidentally, will attend college outside Louisiana this fall. More than 40 Nobel laureates — all of them in the sciences — signed on to Kopplin’s mission to repeal the LSEA. The outspoken Tea Party fave was in New Orleans last week for the 2011 Republican Leadership Conference, and Gambit Editor Kevin Allman asked Bachman to enumerate her Nobel ringers on the anti-evolution side. Bachmann cited “reasonable doubt” in the evolution debate before rolling into a rambling answer involving “government bureaucracy,” states’ rights and block grants. What she didn’t do was answer Allman’s question.
We can safely assume incumbent Chief K.P. Gibson isn’t too worried about this challenger.
Nationally, Republicans must gain six seats to win Senate control. The most competitive races, many in states where Obama lost in 2012, remain too close to call.
The Baton Rouge Republican has repeatedly battled a perception within his own party that he perhaps wasn't the best choice to carry the GOP banner.
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Four bedroom Acadian or three bedroom traditional
Prestigious honor annually recognizes a single attorney for excellence in public interest/pro bono work.
Acadiana's nightlife guide.
"I have never seen anyone who worked harder for our people than Sen. Mary Landrieu, so I would like to share a synopsis of a few of the many things she has done to help Louisiana."
Even if Jimmy Graham's production dips while the star tight end recovers from a shoulder injury, it looks like Drew Brees won't have much trouble finding other targets.
A former campaign manager for Senate candidate Rob Maness is striking at the Republican contender's tea party support, saying Maness only sought to appeal to conservative organizations because he needed money for his campaign.
Ninety-two percent of public school teachers were rated either effective or highly effective in a report the state issued marking the second year of a new statewide evaluation process.
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School board members Mark Babineaux, Hunter Beasley and Tehmi Chassion can vote to fire Cooper — because we all know that’s exactly what they’ll do.
District 2 school board candidate Simon Mahan is hoping to unseat first-term incumbent and former Carencro Mayor Tommy Angelle in the Nov. 4 election.
District Attorney Mike Harson is showing his desperation by falsely attributing quotes to his opponent and blocking journalists from his social media.
Three bedroom Acadian or a two bedroom town home
Ready to geaux in purple and gold
The governor is traveling the country laying the groundwork for a possible 2016 presidential campaign, but his approval ratings at home hover well below 50 percent.
State District Judge Bob Downing extended the order and delayed a planned Wednesday hearing about a permanent injunction while negotiations continue between Attorney General Buddy Caldwell and the waste disposal site operator.
New Louisiana higher education commissioner Joseph Rallo will be paid more than his predecessor.
The recently established Downtown Lafayette Restaurant & Bar Association will host a special viewing of the upcoming New Orleans Saints taking on the Carolina Panthers in the open air of Parc Sans Souci on Thursday, Oct. 30.
Belief in a national outbreak of the Ebola zombie virus is becoming more of a threat every day, and The Hayride — Louisiana’s one true bastion for unrelentingly conservative political commentaries — thought it wise to share a certain special someone's “important message” with readers Tuesday on what to do when, not if, it comes.
Acadiana's nightlife guide.
Elijah McGuire and Alonzo Harris each had four rushing touchdowns, and Louisiana-Lafayette rolled to 419 yards on the ground in a 55-40 victory over Arkansas State on Tuesday night.
Bill and Hillary Clinton are the validators-in-chief for Democrats struggling through a bleak campaign season in states where President Barack Obama is deeply unpopular.
JPMorgan Chase is giving $1 million to Louisiana's community and technical colleges, to help with workforce training efforts to match students to available jobs.
President Barack Obama is turning to black radio listeners to plead for midterm votes, a targeted approach to drum up Democratic support at a time when many candidates don't want him around in person.
Law firm unveils newly renovated 200-year-old building.
UL grad named web developer at BBR Creative