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Meet Your Neighbor: Money Monday

Meet Your Neighbor Acadiana

by: Tracy Wirtz

Posted: Mar 29, 2021 / 12:27 PM CDT / Updated: Mar 29, 2021 / 12:27 PM CDT

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US puts 8,500 troops on heightened alert

by The Associated Press via Nexstar Media Wire / Jan 24, 2022

BRUSSELS (AP) — The Pentagon said Monday that Defense Secretary Lloyd Austin has put up to 8,500 troops on heightened alert, so they will be prepared to deploy if needed to reassure NATO allies in the face of ongoing Russian aggression on the border of Ukraine.

Pentagon press secretary John Kirby said no final decisions have been made on deployments. He said the order is about ensuring that the U.S. is ready to respond if NATO decides to deploy its response force.

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WATCH: Gov. Edwards’ budget proposal includes pay raises for teachers, major infrastructure projects

by Trinity Velazquez, Allison Bruhl / Jan 24, 2022

BATON ROUGE, La. (BRPROUD) - Gov. John Bel Edwards introduced his budget proposal on Monday afternoon. The proposal highlighted investments in education at every level, $1.1 billion for critical infrastructure, replenishing unemployment insurance trust fund, and using one-time money for one-time expenses.

“After inheriting the largest budget deficit in Louisiana history, my administration worked with the legislature to stabilize Louisiana’s revenues and grow our economy. In previous budget years, we’ve worked to make small, incremental investments in critical priorities. Today, I’m announcing our most significant new investments yet – focusing on education at all levels, including at least a $1500 pay raise for teachers, funded with recurring state general fund,” Edwards said. “This budget proposal also includes significant new investments in infrastructure, using non-recurring revenue from surplus, excess, and American Rescue Plan dollars.”

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Dow tumbles 1,000 points as 2022 selloff continues

by The Associated Press via Nexstar Media Wire / Jan 24, 2022

NEW YORK (AP) — The Dow Jones Industrial Average dropped more than 1,000 points Monday as financial markets buckled in anticipation of inflation-fighting measures from the Federal Reserve and fretted over the possibility of conflict between Russia and Ukraine.

Stocks extended their three-week decline on Wall Street and put the benchmark S&P 500 on track to a so-called correction — a drop of 10% or more from its most recent high. The price of oil and bitcoin fell, and so did the yield on 10-year Treasury notes, a sign of investor concern about the economy.

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