In local business news:

According to a report in The Advertiser, although oil prices per barrel have plunged in recent months, Louisiana is better prepared to handle the downturn today than  in the 1980s. Former LSU economist Loren Scott told the paper that during a five-year stretch in that decade, “Lafayette lost right at 20 percent of their jobs; Houma, 24, percent. It was a bloodbath.” Analysts have observed that the market will likely turn, just not anytime soon.

Read the full feature from The Advertiser here.

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