As Dr. Loren Scott prepares to present his annual Louisiana Economic
Outlook at the sixth annual Entrée to Business Luncheon in Lafayette,
he is keenly aware that one of Acadiana’s key industries is at a
tipping point. “Seldom has the Lafayette economy hung by a string like
the one it faces over the next two years,” says the professor emeritus
of economics at LSU. “President Obama has proposed $33 billion in new
taxes on the extraction industry. Just proposing the tax has caused a
significant drop in the rig count and created job losses in Lafayette
despite high oil prices. Will this legislation ultimately pass? That’s
the ‘string’ that will determine Lafayette’s future over 2010-11.”
Scott’s fall forecast always draws a packed house. Tickets are now on sale for the event, slated for Tuesday, Oct. 13, at The Cajundome Convention Center at 11:30 a.m.
MidSouth Bank and Dwight Andrus Insurance join forces once again as presenting co-sponsors for the luncheon, which is a sell-out each year. Attendees are encouraged to buy their tickets early.Individual tickets are $45. Reserved tables of eight are $395. Each attendee will receive a CD with Scott’s complete LEO report along with his PowerPoint presentation specific to Acadiana statistics, made possible in part by Vidox Productions. Additional information, including a ticket order form, is available online at www.acadianabusiness.com; click on the INDevents button. For information or to order by phone, contact Kathy Lowry at 337-769-8620.
US cities bidding on Olympics; Guard prevents more Ferguson riots; storm threatens travel and more national and international news for Wednesday, November 26, 2014.
Wednesday's Blogs from the Bog!
The U.S. rep billed LSU for work allegedly performed on the same days Congress voted on major legislation and held important committee hearings on energy and the ACA.
“I am only getting a little nervous about two projects — the proposed Sasol GTL facility [not the new ethylene plant] and the proposed G2X facility — both in Lake Charles. They need a hefty difference between oil and natural gas prices to make sense.”
Abysmally low participation by the public has prompted the council to scuttle the 2014 survey with plans to simplify it and try again next year.
The village now says the ordinance will likely be overturned and authorities will more vigorously enforce existing leash laws.
Lower oil prices also might slow the growth of oil production in parts of the U.S., Canada and elsewhere because it will no longer be so profitable.
Bill Cassidy cast an early ballot Tuesday, seeking to draw renewed attention to a race that has fallen off newspaper front pages and away from people's minds as they plan holiday meals and shopping schedules.
A Lafayette woman faces up to 20 years in prison for running up more than $1 million in unauthorized charges to her company credit card.
Signs that our state’s banking industry is undergoing a downsizing in 2014 were further confirmed today with the FDIC’s latest figures showing a third straight quarter in which Louisiana lost more banks and earned less money.
Acadiana's nightlife guide.
State police say a 47-year-old Lafayette man, who collected more than $83,000 in disability benefits, is accused of operating two businesses out of his home at a time when he claimed he had no income.
Battered all night by Baltimore's relentless pass rush, Drew Brees could feel his protection collapsing and Terrell Suggs getting ahold of him as he urgently unloaded a pass to the right flat toward tight end Jimmy Graham.
After a convincing defeat at the polls on Nov. 4, Earl “Nickey” Picard has decided to let bygones be bygones with his former right-hand man Brian Pope, announcing his support for his former employee’s runoff bid to become Lafayette’s next city marshal.
Saturday the athletic department did everything possible to ensure the 2014 Ragin’ Cajun seniors remembered fondly their last home game. Rain and lightning never arrived but turbulence did in the form of the Appalachian State Mountaineers.
Even stranger than the Republican Party’s decision to hold a “unity rally” earlier this month for Congressman Bill Cassidy in a Baton Rouge bar, Huey’s Bar, was the fact that the establishment was named after Louisiana’s most famous Democrat.
Bar Code is not a gay bar.
After failing to pass a medical marijuana bill last year, state Sen. Fred Mills, R-Parks, is telling supporters he will return in 2015 with legislation that focuses on different applications like oils and pills.
Voters, obviously, are not yet tuned into the 2015 ballot, despite the intriguing races it will host.
Acadiana's nightlife guide.
Saints Street cottage or River Ranch condo
By now, the story of how longtime LSU coach Dale Brown discovered Shaquille O'Neal has been told many times: Brown happened upon a massive 13-year-old at an army base in Germany, stayed in touch with him and eventually became like a second father.
Fate simply wasn't ready to give the New Orleans Saints a break from longtime nemesis Steve Smith.
Facing opposition from a powerful industry, the governor and many in the Legislature, a New Orleans-area flood board's lawsuit against dozens of oil, gas and pipeline companies seemed doomed early on.
"I want to take an opportunity to thank the people of Lafayette for allowing me to serve you for the last three years as your school superintendent."
After Thanksgiving, the small town of Moreauville plans to confiscate and kill all rottweilers and pitbulls, including a service dog.
Lafayette Police have had a busy day.
Gov. Bobby Jindal's administration will use $130 million in patchwork financing from a tax amnesty program, insurance settlement, uninsured motorist penalties and other excess funds to close most of the state's midyear budget deficit.
Democratic U.S. Sen. Mary Landrieu said she disagrees with President Barack Obama's actions on immigration, hoping the latest controversy doesn't worsen her campaign difficulties.