A special session called by the governor to redraw a Congressional map with two Black-majority districts gets underway today. A federal judge has given the Legislature a June 20th deadline to approve a new map, but a hearing will be held tomorrow to hear arguments from House Speaker Clay Schexnayder and Senate President Page Cortez who want the deadline extended. Covington Republican Representative Mark Wright says it’s likely you won’t see much done today.
Cut 13 (07) “…those maps.”
New Orleans Democrat Mandie Landry says because the matter is being bounced around in the courts, there’s a chance the legislature will pass a ‘just in case map.’
Cut 14 (09) “…majority-minority districts in it.”
Both chambers are scheduled to convene today at noon.
Louisianans with much of their retirement and wealth invested in stocks are growing worried about the emerging bear market. The Dow Jones and the S&P500 have both dropped around 20 percent overall, triggered by fears a recession is looming. Financial investments advisor Matt Kennedy says do not panic, but be ready to ride out some rough fiscal times…:
Cut 10 (07) “…level out some.”
Kennedy says it’s not unusual in bear markets for investors to move money from stocks to bonds, but Kennedy says that may not be your best move at this time.
State Police announce they’ve arrested two people involved in a deputy-involved shooting in Terrebonne Parish on June 3rd. Trooper Ross Brennan says 18-year-old Joshua Babin was shot by a deputy after he pointed a gun at an officer. Brennan says Babin was booked after he was released from the hospital and they also arrested 21-year-old Chad Boudreaux because he purchased the gun that Babin used to point at deputies…
cut 5 (08) “….process”