Homes and businesses located in unincorporated areas of Jefferson Parish will get a raise from their current 25 percent to a 35-percent discount on their flood insurance premiums when their policies renew after October 1st. Director of floodplain management and hazard mitigation Maggie Talley, says it’s because the parish has made upgrades in drainage, improved the pumping systems and adopted stronger building codes.
The Fed cut interest rates by a quarter point and indicated that there may be two more rate cuts by the end of the year. LSU professor of finance, Rajesh Narayanan (rah-JESH na-RYE-an) says they issued the cut in response to weakness in the job market. But he says can be a tough balancing act – while unemployment is up, it becomes a different situation if inflation also rises.
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.
Cut 10 (15) “…and graduate students.”
Funds are being redirected from other grants, mostly the government’s Hispanic-Serving Institution program, which offers grants to colleges and universities where at least a quarter of undergraduates are Hispanic.
Last year an estimated 185-thousand Canadian visitors to Louisiana spent nearly 194-million dollars but Lieutenant Governor Billy Nungesser who is in Canada promoting to Louisiana says visits are down because President Trump’s talk of making the neighbors to the north the 51st state has rubbed Canadians the wrong way.