Uncertainty Permeates Hearing on Gulf Oil and Gas Leases

Environmental impact statement set to delay all auctions until 2012 NEW ORLEANS, La. – The Interior Department’s “public scoping” meeting, on the environmental impact of oil and gas leases, provided little hope for potential lessees. Tuesday’s opportunity for public submissions also failed to attract a crowd – approximately twenty individuals attended – but those that…

Medicaid Expenses Drain State Coffers

Mercatus study identifies expansion of eligibility By Phillip Suderman The most contested and popular issues during this year’s election races focused on government spending and debt. And, although many newly elected members of Congress will soon arrive in Washington to work on the national fiscal picture, the finances they leave behind in their various states…

Constitutionality of $200 Billion “Backroom Tobacco Deal” Challenged

Two Louisianians bring lawsuit to Supreme Court against government-tobacco cartel NEW ORLEANS, La. – The Competitive Enterprise Institute has filed a new challenge with the U.S. Supreme Court against the $200 billion deal between major tobacco companies and 46 state attorneys general of 1998. CEI’s petition for two Louisianians and one Virginian, filed last week,…

New Approach to Education Spending Makes Inroads

Student-based budgeting could incentivize Louisiana schools to make better use of their dollars BATON ROUGE, La. – On Wednesday, Louisiana’s Board of Elementary and Secondary Education examined the prospect of assigning tax dollars to schools on an openly defined, per-student basis. Advocates of “student-based budgeting” assert the opportunity for “more transparent, competitive, and outcome-based school…

Social Security Shortfall Arrives

2010 brings earlier than expected cash flow deficit Veronique de Rugy, a senior research fellow with the Mercatus Center at George Mason University, released an update on the fiscal status of Social Security last week. Her finding suggests the costs of the United States’ more than $200 trillion federal debt, accounting for unfunded liabilities such…

Investors Flock to New Orleans for “World’s Greatest Investment Event”

Financial and political analysts highlight growing national debt and instability of dollar NEW ORLEANS, La. — From Wednesday through Saturday, 700 investment enthusiasts and 300 speakers and exhibitors attended the 36th New Orleans Investment Conference. The Hilton Riverside event included a wide range of wealth management and natural resource prospecting firms – fitting with its…