In economic news:

Bloomberg Markets covered the oil industry downturn in Louisiana and its effect on unemployment, government, and the state economy at large. The report highlights masses of “dead iron” at the Port of Iberia as an example of the consequences of the crude price downturn that has brought the state to its knees. Experts have urged local government and employers now, as in the past, to diversify their businesses and Louisiana’s economy overall in order to avoid similar busts in the future.

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