As part of Louisiana Governor Bobby Jindal's plan to sell certain Louisiana assets, Commissioner of Administration, Paul Rainwater testified before a Louisiana Senate committee today.
The past few decades have not been kind to Louisiana. While our Southern neighbors have prospered, Louisiana has lost population and industry. While major automobile plants have been built in Mississippi and Alabama, Louisiana has been largely overlooked. The only business announcements have been negative ones as major facilities like Michoud in New Orleans East and Avondale Shipyard in Jefferson Parish prepare to close.
With his football future up in the air, Purdue's Drew Brees lived in a maddening limbo from New Year's to the NFL Draft, working out for NFL teams, watching his stock rising and falling, never knowing which NFL jersey he'd wear.
Brees was washing dishes in his kitchen, trying to distract himself from the torture of waiting for the phone call from an NFL team. The phone rang twice before Brittany, Brees' girlfriend then and wife now, snatched it off the living room floor and shouted, "Drew, the phone's ringing!" On the television screen voices informed viewers that that the San Diego Chargers were next on the draft clock, with the first pick of the second round, the 32nd selection over-all.
As the NFL tries to figure out exactly what happens now after Monday's legal setback, the league is telling its coaches not to go back to business as usual.
A league source tells PFT's Mike Florio that teams are telling coaches not to talk to its players while the NFL is in labor purgatory. That means if players are able to get to team facilities on Monday, like Steelers safety Ryan Clark of LSU and New Orleans and as some players plan to do, the coaches will have to avoid them.
Too often I hear the story of a Louisiana artist that has moved to Nashville to make the big time. And, in many cases, it works. Why shouldn't it, we have, arguably, the best and most musical talent anywhere.
Chris Paul was brilliant as he produced a triple-double that helped the Hornets upset the Lakers 93-88 on Sunday night in Game 4 of the Western Conference first-round playoff series.
The news media released some troubling headlines on the state of the American economy. “Standard & Poor has downgraded its outlook for the United State/s credit rating from “Stable” to “Negative” increasing the likelihood that the rating could be cut within two years.” They took this position because: “…what we consider to be very large budget deficits and rising government indebtedness and the path to addressing these are not clear to us.” That means the American AAA rating on long term bonds would be reduced because America is not a good credit risk.
Now let me try to understand. Bankers, investment brokers and insurance magnets, whose greed and fraud reached into every household in America, don’t even get as much as a slap on the wrist. But home run champ Barry Bonds will go to jail as the scapegoat for major League Baseball, which choose to turn a blind eye to how much drugs had infected the sport. In walks the federal government who took on the role of the omnipotent umpire When all is said and done, all parties to this pathetic case are real losers including the prosecutors.
With the general session of the Louisiana Legislature only hours away, Louisiana Speaker Jim Tucker will be facing his last term as a member of the House of Representatives. He is term limited.
Yet, there is no time for goodbyes. The agenda is full since Louisiana is facing one of the heaviest obligations in its modern history. The state budget is 1.6 billion dollars out of balance based upon revenue projections.