FEMA expects to lose more than a million flood insurance policyholders due to an increase in cost. U.S. Senator Bill Cassidy says lawmakers are hoping to address the issue…:

CUT 02(28)      “…Thorington.”

Lafayette Mayor President Josh Guillory has asked the state attorney general to issue an opinion on whether or not he can continue working while he is in rehab for alcohol addiction and PTSD. Guillory is a military veteran and has seen action. Members of the Lafayette council are looking at appointing an interim mayor. Guillory wants to keep working.

The U.S. has now seen two consecutive quarters of decline in the Gross Domestic Product (GDP), which is the frequent definition of what makes an economic recession. U.L. Lafayette economics professor Gary Wagner says the true definition is more complicated than that, but…:

CUT 06  (11)        “…in a recession right now.”

Wagner says it’s been 70 years since there were two straight quarters of GDP shrinkage that did NOT create a recession.

…and now a look at today’s markets…