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NOAA chart reveals extent of coastal loss; Gov. Jindal intends to take dedicated funds

Jindal is planning to sweep money sitting in dozens of dedicated funds into the state’s general operating budget. The money typically comes from fines or licensing fees, such as when someone applies for a concealed gun permit. Jindal has decided to tap about $102 million in those funds to avoid cutting the budget again this year.

The recently unveiled Brown-Vitter bill goes beyond the goal of making the system safer. Make no mistake in its intentions: the bill seeks to break up the largest banks, removing their value from the U.S. and global economies, permanently. In the midst of the implementation of the largest financial regulatory overhaul in a generation, this proposal is a distraction for policymakers and regulators alike. Before examining the substance of the bill, the fact is it’s unlikely to gain traction in Congress because it is not bipartisan. It’s fringe-partisan. Frankly, most members of Congress aren’t ready for the extreme results of this type of proposal. 

In a bipartisan effort, Louisiana lawmakers say they’re pressuring FEMA to reexamine reforms to the National Flood Insurance Program that could significantly raise rates for many coastal residents. Republican Reps. Steve Scalise and Bill Cassidy and Democratic Rep. Cedric Richman have written letters to FEMA asking them to delay implementation of the reforms and to consider the effects steep cost increases could have on coastal residents.

Neither Shell nor the federal government announced the results, but a Shell contractor successfully deployed Shell’s Arctic oil-spill containment system in Samish Bay in March. Crews from Superior Energy Services of Houston slowly lowered a 20-foot dome over the side of Shell’s Arctic Challenger barge and down into the 150-foot-deep water. They anchored the dome and used it to suck up sea water at a rate of about 2,000 gallons a minute. The dome system is supposed to do the same to oil and gas gushing from the bottom of the Arctic Ocean if a blown-out well cannot be capped.

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About Mark Moseley

Mark Moseley blogs at Your Right Hand Thief. Until mid 2014, Mark Moseley was The Lens' opinion writer, engagement specialist and coordinator for the Charter Schools Reporting Corps. After Katrina and the Federal Flood he helped create the Rising Tide conference, which grew into an annual social media event dedicated to the future of New Orleans.