With the stroke of a pen, Louisiana makes a move to remain competitive in the world of major college athletics. David Grubb has the story…
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As Wall Street finds itself slipping into a bear market, Louisiana investors are warned not to make panicky decisions. Kevin Gallagher has more…:
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A special session to redraw a Congressional map with two Black-majority districts to meet the June 20th deadline convenes today. Brooke Thorington has more.
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A deputy-involved shooting of an 18-year-old in Houma on June 3rd results in the arrest of two males. Trooper Ross Brennan says the Terrebonne Parish Sheriff’s Office received a call of suspected drug activity at a residence and when deputies arrived Joshua Babin pointed his weapon at them, failed to obey commands, and was subsequently shot.
Brennan says 21-year-old Chad Boudreaux has also been arrested because he purchased the firearm that Babin pointed at deputies.
Babin has been charged with aggravated assault with a firearm and Brennan says Boudreaux also faces charges for his role in the incident.
Cut 6 (09) “…correction center.”
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The governor has signed SB 250 into law. Authored by Marrero Senator Patrick Connick, the legislation overhauls the state’s name, image, and likeness guidelines by allowing colleges and universities, affiliates, and boosters to compensate athletes directly. Connick says the changes were necessary for Louisiana to keep up in the world of big-time collegiate athletics.
Cut 7 (07) “…around the nation.”
The new law loosens restrictions as to who can help facilitate deals for student-athletes, correcting some of the mistakes Connick said the legislature made when it created its initial NIL law. States got little guidance from the N-C-A-A in what would and would not be allowed. A year later, with more info at hand, it was time for tweaking.
Connick says he believes the legislature will continue to revisit and revamp the state’s NIL guidelines, depending on what happens around the country, though ultimately he thinks this issue is one that has to be settled on a national level.
Cut 9 (10) “…everybody must follow.”
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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 is with Presley Wealth Management in Baton Rouge. He says he understands the investor fear, especially when looking at your investment statements. However he says try to be calm and patient…:
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 this time…:
Cut 12 (12) “…find alternative investments.”
Kennedy says if you are within five years of retiring, you must be more careful with investments; looking at reduced risk of loss of principal. He says this bear market will probably not last more than a couple months.
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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.
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.”
A federal appeals court will hear arguments on July 8th on whether the map approved by lawmakers in February is legal. Wright says he would rather wait on a ruling from the 5th circuit court of appeals before they redraw a map…
So far two maps have been filed by Democratic lawmakers to be considered for the special session. Landry says Democrats produced several maps in the original redistricting session that contained two majority Black districts out of the six Congressional districts.
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Both chambers are scheduled to convene today at noon.
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It was a busy day on Airline Drive as the Saints opened Mini-camp in Metairie. Head coach Dennis Allen says everyone, healthy or not, was in attendance and ready to work.
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Running back Alvin Kamara was on the field Monday. Though the two-time All-Pro has the cloud of a potential suspension over his head after an altercation at the Pro Bowl in February, Allen says he’s locked into the task at hand.
Leading the Saints on the field and in the locker room is Jameis Winston, now in year three with New Orleans. Allen says the growth in Winston is noticeable.