Not the kind of news you would want to hear or read about as Mothers Day nears.
But, here goes.
Yesterday, less than 24 hours after Moody’s downgraded its credit rating, panicked investors withdrew their backing of $114.5 million in bonds for Louisiana State University. It is hard to blame them: Louisiana is currently grappling with a $1.6 billion budget shortfall, the result of years of fiscal mismanagement and astonishing negligence, and thus far, Gov. Bobby Jindal and the stubbornly pliant Republican super-majority in the legislature continue to be in complete denial. The state’s flagship university is imminently imperiled. Its newly-minted president, F. King Alexander, is, prudently, preparing to file for academic exigency, the equivalent of bankruptcy, in order to insulate the damage as much as possible.
You have to love Rolfe McCollister, Jr. The man has done the following:
Today, Lafayette General Health (“LGH”) and Ochsner Health System (“Ochsner”) celebrated the formation of a long-term, strategic partnership focused on increasing local access to care, improving quality and reducing the cost of healthcare for patients across southwest Louisiana. Together, as part of the Ochsner Health Network, the two organizations will build upon their unique strengths and effectively collaborate as partners to improve the health of the Louisiana communities they both serve today and to meet the needs of new communities across the state.
If you think somehow the keystone cops are calling the shots with some investors of LSU bonds, you just might be correct.
Despite Louisiana Governor Bobby Jindal’s statements to the national media that life in Louisiana due to his stewardship has never been better, it’s far from.
Rep. Walter “Walt” J. Leger III of New Orleans, who represents District 91 in the state legislature and serves as speaker pro tempore in the Louisiana House of Representatives, has publicly expressed the dismay many in our state feel regarding proposed discrimination legislation. Today Rep. Leger released the following statement in response to Gov. Bobby Jindal’s vocal support for such a bill:
by Jim Brown
Louisiana Governor Bobby Jindal is mad. Really mad! He’s had his fill of all these hyphenated-Americans ballyhooing and expressing pride in their ethnic heritage. Jindal joined a group of 18 presidential wannabes in New Hampshire over the weekend trying to impress Republican diehards. And he didn’t hold back on his distain for those who treasure their heritage.
Even as the announcement serves as a scare tactic, the possibility that the Louisiana State University System and perhaps others higher education systems or institutions in the state could declare partial or entire financial exigency could pave the way to helpful changes – or simply make the problem worse.
On twitter today, the Louisiana gubernatorial election meet the US presidential election.
PAR, the Public Affairs Research Council of Louisiana, a government watchdog organizarantion, has issued a policy paper criticizing the Jindal for its lack of transparency in public records and has urged that the next governor of Louisiana assert policies and practices for greater transparency.