WSJ: Louisiana Rebound Gives Way to Dark Prospects

From the Wall Street Journal Online, June 23, 2010:
Economists and real estate brokers here say it is too early to gauge the long-term damage, but the early signs are worrisome. Leaking oil already has sapped tourism and fishing, and uncertainty lingers as the federal government appeals a court ruling blocking its six-month ban on deepwater oil drilling, which could cost more high-paying jobs.
"Things were really rocking" in Louisiana, said Peter Ricchiuti, a professor of finance at Tulane University and former assistant state treasurer. Insurance proceeds, federal disaster relief and growing employment in oil and gas helped the state "coast through the national recession," he said. Louisiana's jobless rate in May was 6.9%, well below the national average of 9.7%.
In the wake of the spill, Mr. Ricchiuti said, "it just kind of seems like Katrina again," only this time in slow motion.
To read the entire article, visit wsj.com:
http://online.wsj.com/article/SB10001424052748704638504575318831869940678.html
Interested in advancing your education and/or career? Learn more about Freeman’s wide range of graduate and undergraduate programs. Find the right program for you.
Recommended Reading
- Pierre Conner: The Future of Energy Is Now
- Finance Curriculum vs. Accounting Curriculum: How Are They Different?
- Business Analytics vs. Finance: Which Master’s Degree Is Right for You?
- Alum leverages MFIN degree to launch investment banking career
- Peter Ricchiuti: The Art of Making Things Make Sense
- What Can You Do With a Business Analytics Degree?
- Meet the MBA Class of ’26: Jake Kuebel
- Meet the MBA Class of ’26: Austin Smith
Other Related Articles
- Scientific Inquirer: Why Searching for Truth Online Might Be Making Us More Biased
- WVUE Fox 8: How the Middle East conflict is affecting oil prices
- WDSU: Gas prices face uncertainty after US strikes on Iran
- Freeman announces new administrative appointments
- Research Notes: Amanda Heitz
- Payments Dive: GENIUS Act is just the beginning
- Tulane study finds smaller companies get kinder online reviews - and empathy is the reason why
- Four honored with Freeman research awards