More than $16 million in loans given to private businesses from the city’s largest economic development loan fund is missing, according to internal city documents. A summary of the city’s Urban Development Action Grant program shows that only $2.35 million out of $26 million from one particular round of loans has been repaid. Another $7.3 [...]
After meeting with BP Chairman Carl-Henric Svanberg on June 16, President Obama said he was “absolutely confident BP will be able to meet its obligation to the Gulf Coast and to the American people. BP is a strong and viable company and it is in all of our interests that it remain so.” The stock [...]
Tuesday update: Political unrest in Honduras, the swine flu epidemic in Mexico and resulting travel advisories took a toll on the demand for flights out of New Orleans, said Michelle Wilcut, spokeswoman for Louis Armstrong New Orleans International Airport. The now-canceled direct AeroMexico flights, which had a final destination to San Pedro Sula, Honduras, also [...]
Though President Obama’s highly anticipated oil-gusher speech was widely panned, he made an important commitment to restoring Louisiana’s coastal wetlands. If kept, this expensive, long-term promise – made before a national prime-time audience – might be the most significant commitment a president ever made to the Pelican state. Here’s the relevant excerpt from Obama’s Oval [...]
Weeks ago, Gov. Bobby Jindal joined Sen. David Vitter’s call for the government to treat the response to the Gulf Coast oil gusher as it would a war. Here’s a representative quote: “[W]e need the federal government and BP to intensify their efforts and treat this oil spill like a war. We need to be [...]
Let’s see how various fringe candidates in Louisiana are intending to ride the Tea Party wave to electoral success. 1. Remember David Duke? Well, he’s planning a comeback, and he thinks it might be a promising time to begin a 2012 Presidential run. In preparation, he recently posted a video “Message to the Tea Party” [...]
We scan The Times-Picayune’s legal ads so you don’t have to. Here’s a look at some selected items from the past week. Library needs makeover – Louisiana’s Office of Facility Planning and Control is taking bids for the Phase I – 4th Floor completion of the Earl K. Long Library at University of New Orleans. [...]
Legislative watchdog C.B Forgotston expects Gov. Bobby Jindal to veto a bill that repeals the fee increase on driver’s licenses, which the Jindal administration ordered earlier this year. Forgotston correctly asserts that this fee is tantamount to a tax, and he urges everyone to support the repeal and oppose a veto. As a stalwart opponent [...]
U.S. Rep. Joe Barton’s fellow Republicans quickly forced him to apologize for his “shakedown” remark and to retract his apology to BP. A little more about Barton, a Texan, from the NY Daily News: Rep. Joe Barton, a Republican who once angered ailing 9/11 responders by comparing them to the cartoon character Wimpy, called Tony [...]
The May 1980 issue of Popular Mechanics discusses what at that time was the world’s worst oil spill – the Ixtoc I blowout, which gushed an estimated 140 million gallons into the Gulf of Mexico for 10 months. Towards the end of the article we learn that “Ixtoc”, is the Mayan term for “blowout,” or [...]