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.
Louisiana Gov. Bobby Jindal is joining South Carolina Gov. Nikki Haley on her campaign bus tour.
A New Iberia man has been sentenced to life in prison for killing a 4-year-old girl and scalding her 3-year-old brother.
A district judge decided Wednesday against sanctioning attorney/school board candidate Dawn Morris for her behind-the-scenes role in a lawsuit against Mark Cockerham.
Secretary of State Tom Schedler says Gov. Bobby Jindal's administration may have improperly destroyed records in the state employee health insurance program, in the middle of a heavily-criticized rewrite of benefit plans.
San Fran wins the World Series; Sistine Chapel improvements; Kurds moving toward Syria and more national and international news for Thursday, October 30, 2014.
Thursday's Blogs from the Bog!
Paper cites the former ADA's "experience as a prosecutor, his demonstrated integrity, and his ideas for reshaping the [DA's] office" in urging voters to support Keith Stutes Nov. 4.
Louisiana officials have sent a letter to the American Society of Tropical Medicine and Hygiene un-inviting members of the group who have recently been to ebola-affected West African countries from attending the group’s annual conference in New Orleans next week.
Drew Brees and the New Orleans Saints have to find a way to win on the road if they plan to take over first place in the NFC South.
"It is obvious that Louisiana economic performance has not outperformed the South or the United States as a whole and, in fact, has substantially underperformed..."
A state district judge said he will rule Friday on a preliminary injunction to keep some charter schools from receiving $60 million through Louisiana's public school financing formula.
Saints fans were to gather, make merry, eat/drink compliments of a new Downtown group and watch the Saints beat Carolina and claim 1st place in the NFC South. But...
Three bedroom traditional or four bedroom traditional in Lafayette
Our fav dress for all seasons
Acadiana's nightlife guide.
New Orleans Saints running back Mark Ingram doesn't see his dramatic spike in production as any sort of validation.
U.S. Sen. Mary Landrieu is facing off one last time with her two main Republican challengers before next week's election.
Shoppers familiar with Louisiana-based Rouses Market might be surprised when they walk into the new third location set to open at the Corner of Johnston Street and Duhon Road south the Acadiana Mall on Wednesday.
Noted architect and co-founder/principal of Architects Southwest receives highest honor given to former student.
Know an innovator, job creator and visionary with a penchant for hard work? We want to know that person.
He’s pulling for Knezek and Hidalgo on his end of the parish but issued endorsements in three other districts as well.
Actually he’s not, but in this age of say anything, which the Harson campaign has perfected, we thought, ‘What the hell?’
Easy on shape, big on style
Four bedroom Lafayette home or a four bedroom Scott home
"This week, the Advertiser Editorial Board announced endorsements of Lafayette Parish School Board candidates. While I respect the newspapers’ right to make these endorsements, I do not agree with them."
In the vein of her literary hero Ernest Gaines, San Francisco Bay Area writer Natalie Baszile transforms a crop that’s mundane to some into a lush, beautiful thing and creates a world within her characters where relatives arrive in steady waves “like a river’s rising tide” and the soil is “dark and rich as ground French roast.”
If you care about the wellbeing of Louisiana’s college students, vote against Amendments 1 and 2.
Acadiana's nightlife guide.
Off a narrow gravel road running between a handful of mostly abandoned lots near a Mississippi River levee, down past sprawling oak trees and thick weeds, a lectern framed by banana trees has been set up in front of three short rows of folding chairs.