economy

Super Bowl XLVIIgenerated a major boost for Baton Rouge tourism. That’s according to Smith Travel Research, which tracks hotel occupancy nationwide, and capital city tourism officials are pleased with the numbers.

Despite uncertainty surrounding federal farm legislation, agricultural economists are optimistic about the market outlook for rice and soybeans with higher prices and more varieties expected.

The American Press reports that was the message given to more than 50 Southwest Louisiana rice and soybean growers attending an agriculture forum last week in Welsh, La.

First-time claims for unemployment insurance in Louisiana for the week ending Dec. 29 fell from the previous week's total, mainly because the Christmas holidays cut a day from the work week.

The state labor department figures released Friday show the initial claims decreased to 2,505 from the previous week's total of 3,495.

The four-week moving average, which is a less volatile measure of claims, fell to 3,262 from the previous week's total of 3,648.

Listen to live special coverage from 2:00 p.m. to 3:00 p.m. of talks between President Obama and congressional leaders regarding impending automatic spending cuts and tax increases.

With much of the nation focusing on Black Friday shopping at big box stores, one Louisiana lawmaker is suggesting another option.

Episode 128: Friend or Foe?

Nov 7, 2012

Why do businesses selling the same thing crowd around each other rather than strike out on their own?

To answer that question, Adam Davidson and Chana Joffe-Walt walk through some New York City neighborhoods – the diamond district, the plant district, the chess district — where store after store sells the exact same thing.

On the day after voters returned President Obama to the White House and kept Democrats in control of the Senate and Republicans in control of the House:

"Investors pulled back sharply ... [amid] rising worries about the upcoming fiscal fight in Congress," The Wall Street Journal writes.

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with a dive on Wall Street. Just this minute, the Dow Jones Industrial Average is down about 317 points. It's considered the worst drop of the year, so far. We're a little bit before noon in New York City. What's going on? We're going to try to find out. We're joined now by DavidWessel, economics editor of The Wall Street Journal. And David, as best you can determine, what's driving the drop?

For months, Americans have been watching the presidential political drama play out nightly on the news. Now, with President Obama's victory, that story is ending.

But for the economy, an action thriller is just beginning.

Congress has just weeks to jump to the rescue of an economy moving closer and closer to the so-called fiscal cliff. That phrase refers to a $600 billion cluster of automatic spending cuts and tax hikes — all coming together at year's end.

Chris Genteel, Google's head of diversity markets, and other people from the Internet giant will join bankers, investors and federal officials at the Southeast Louisiana Small Business Conference this Thursday at the UNO Lindy Boggs International Conference Center.

Other speakers include Pellsom Lau, regional manager for the Small Business Administration's office of international trade, and Paul Satenstein, chief financial officer of The Online Incentives Exchange. Satenstein will talk about Louisiana's online exchange for state tax credits.

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