This week, the Fed dropped interest rates by a quarter point and indicated that there may be two more rate cuts by the end of the year. So what does that mean for consumers like you and me? Rajesh Narayanan (rah-JESH na-RYE-an), a professor of finance at LSU, says if you’re hoping that the rate cut will mean a lower rate on your mortgage, think again.
Homes and businesses located in unincorporated areas of Jefferson Parish are receiving a 35-percent discount on their flood insurance premiums when their policies renew after October 1st. Maggie Talley, Jefferson Parish’s director of floodplain management and hazard mitigation, says thousands of policyholders are receiving this big discount because FEMA has recognized the parish’s flood mitigation efforts.
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Parish officials say the bigger discount will save residents over 12-million dollars a year.
Lieutenant Governor Billy Nungesser is in Canada trying to drum up travel back to Louisiana, but he’s finding it difficult. Jeff Palermo has the story.
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The Trump administration is allocating more than 400-million dollars in additional federal funding to Historically Black Colleges and Universities. Grambling University President Dr. Martin Lemelle says that’s over and above the funding the schools received in the previous fiscal year, and part of that money would go towards the Title Three program.