4:30 LRN Newscast July 28

The U.S. has now seen two consecutive quarters of decline in the Gross Domestic Product, which is the frequent definition of what makes an economic recession. U.L. Lafayette economics professor Gary Wagner says he think we are already in one. Wagner says it’s been 70 years since there were two straight quarters of GDP shrinkage that did NOT create a recession. He says the only positive indicators are the still healthy labor and jobs pictures, which he says are distorted by the pandemic…:

CUT 08(10)      “…the economy is doing.”

He says if unemployment statistics included those who lost work during the pandemic…drew all their benefits since and have quit looking for work, they’d be considerably higher.

A jury in Shreveport returns a guilty verdict for 36-year-old Jeremy Walker for child rape. Walker abused two young children over a period of several years. He’ll return to court in early August for a mandatory sentencing to life in prison without parole.

 

Popular Louisiana rap artist JayDaYoungan was shot and killed Wednesday, while sitting on a porch with relatives in Bogalusa. The 24-year-old rapper’s real name is Javorius Scott. Bogalusa Police have made one arrest and say more suspects will be in custody soon.

A new political party known as the Forward Party emerges in the U.S. But will they be able to compete with the left or the right? Brooke Thorington has more…:

CUT 02(32)      “…Thorington.”