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Jim Bradshaw

Trouble on the road to anywhere

Back in the days when there were no NFL games to keep us glued to the screen of our choice, we regularly piled into my Dad’s old Pontiac on a pleasant Sunday afternoon to take a ride in the country. That seemed to be a popular pastime even before there were Pontiacs to pile into, but also a bit more perilous.
At least that proved to be the case for a Lake Charles newspaper writer who on a Sunday morning in 1894 decided that “instead of attending church in the usual orthodox way” to “start out for a day’s drive with Mr. Mathews, the popular agent of the Singer Sewing Machine Co.”
The salesman needed to check on some machines he’d left on trial and put out some more. He’d discovered that Sunday was the best day to catch country people at home.
Leaving town at about 8 o’clock in the morning, with “ten cents worth of cakes to stay their hunger,” they proceeded to Bagdad, a ferry crossing on the Calcasieu River, where they “stopped to get a drink (water) and have a chat with some gentlemen that were sitting in front of a store.”
From Bagdad they crossed to Westlake, then a new town still called West Lake Charles, where their attention was “attracted by the flourishing look of that place and the numerous homes in progress.” Although it was a Sunday “a general bustle pervaded the business atmosphere.”
“The citizens look forward to the early settlement of [the town], and expect in the near future to rival the sister town across the lake,” the reporter said, even though the sister town had a good head start. “The view of Lake Charles,” he recorded, “with its long line of house tops, trees and mills is very pretty from this side.”
The Singer salesman did his business in Westlake and then they continued on across Schute’s prairie, which I think was to the west of the town (since they would have had to recross the river to go east).
And then the travelers did the thing that gets so many Sunday drivers in trouble. They “undertook to take a short cut through the woods.”
It was a bad idea. “To our dismay,” according to the story, “we found the road had played out, gone we knew not where, and left us at a dead halt in the midst of a thicket.”
Nonetheless, the salesman and the reporter “determined to go ahead at all hazards, and we did go (one in front picking the way),” until, “caught fast in the hub,” they were brought again to a stop.
At first, they didn’t realize how stuck they were and tried to move on, breaking the singletree (the bar between the horse and wagon that spreads the load and makes it easier to pull), bringing on “visions of a supperless night.”
Luckily, they were able to get the wagon fixed and, turning around, found their way back to the road that had disappeared. There they gave thanks for getting back on track, but they weren’t sure exactly where they were.
They came to a house, stopped to ask directions, and “after hallooing until we were hoarse” finally roused an old man who came out to see who was making all that racket.
“On being asked the way to a certain house, which was only two miles distant, he informed us that we were on the right road and that it was at least ten miles.”
The man would have none of it when they questioned the distance. He “blandly informed us that we were on the right road, and that it would take us anywhere we wanted to go.”
They thanked him, took their best guess, and drove on.
“With the exception of breaking down once more, we arrived home safely,” the report concluded, “not doubting in the least that a judgment had come upon us” for taking a ride to sell sewing machines instead of going to church.
You can contact Jim Bradshaw at jimbradshaw4321@gmail.com or P.O. Box 1121, Washington LA 70589.

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Bryan Golden

How Do You Start Your Day?

How you start your day sets the pattern for how you’ll feel and what you will accomplish during the day. Your morning routine has a big impact on whether you have a good day, or a bad one. The tone for your entire day is set by your first couple of hours.
You’ve already experienced this phenomenon. How does you day go when you are late for work due to circumstances beyond your control? Perhaps you encountered much heavier than normal traffic, or the train or bus you were on broke down. When your day starts off wrong everything that follows seems tainted.
Some people seem to be immune to negativity. These individuals can fall into a mud hole and climb out unsoiled. Then there are those individuals who attract mud wherever they go. Everything they touch dissolves into disarray.
The difference between the two groups of people is attitude. The first group starts their day as one of opportunity, whereas the second group looks at each day as problematic. A shift in mindset is all that’s required to move from the second group into the first.
Your expectations determine the direction of your daily path. When you expect your day to be stress and problem filled that’s the direction it will go. On the other hand, when you look forward to the upcoming day with optimism and joy your results will be more desirable.
Starting your day full of fear takes you down a negative path. Fear clouds your thinking, impairs your judgement, and feeds procrastination. Fear is displaced with positive action. Instead of being afraid of what might happen, determine what steps you can take to bring you your desired results.
Start your day by acting the way you want it to go. Have confidence, determination, and a positive attitude. Your actions influence your emotions. So, smile to feel happy rather than waiting to feel happy before you smile.
Exercise your mind and body. Your mind, like your muscles, requires regular use to stay in shape. Solving problems is a great mental workout. The more problems you solve, the better you become. Start your day by formulating solutions for any problems you may be facing.
Your body requires movement to stay in healthy shape. Starting your day with just 15 minutes of exercise also boosts your mindset. Effective exercise can be as simple as a brisk walk. Regular, consistent exercise provides numerous life-long benefits.
Start your day with an open mind. Be open to new strategies, solutions, and approaches. Be ready and willing to change, adapt, and improvise as needed. Look to others who have successfully followed a similar path for inspiration.
Start your day with a can do, will do spirit. Set your mind to accomplish whatever is needed. Drive, discipline, and determination propel you forward. If one approach doesn’t bring you desired results, alter your strategy. Never, ever, give up.
You attract what you think about. Start each day focusing your thoughts on what you want, not what you don’t want. Put everything into positive terms. Look to where you want to go, rather than what you want to avoid.
Start each day being proactive. Have a determination to do whatever it takes to move closer to your goals. Don’t wait for things to happen, make them happen. You are in charge. If you are not happy with your current direction, change course.
Start each day on the right foot with a positive attitude, outlook, and determination. You have the power to shape each day into what you want it to be. Unexpected challenges and surprises will occur. It’s the way you start your day which makes the difference.

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Clarence Fusilier

Clarence Fusilier seeks re-election as Alderman in Erath

Hi, my name is Clarence Fusilier and I am running for Alderman for the town on Erath.
When I ran for Alderman in 2021. my plan was simple, offer myself to the public and be a voice for the people in Erath.
It's been an honor and privilege serving as you Alderman for the City of Erath. I absolutely love this city and everything it stands for. It is my love for the city that drives me to serve my community.
I am a member of Our Lady of Lourdes Roman Catholic Church of Erath. I am also a Knights of Columbus council 3872 4th degree member, a parish Pastoral Council member, and a member of the Festivals des Familles d'Erath.
I am on the Housing Authority board for the town of Erath as well.
Please re-elect me, Clarence Fusilier as Alderman Town of Erath on November 8, 2022.

Paid for
by Clarence Fusilier

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The Chitimacha Louisiana Open has provided more than $5 million to local charities.

Chitimacha Louisiana Open Dropped from PGA Tour's Korn Ferry Tour

LAFAYETTE – Acadiana’s premier professional sports franchise is no longer a PGA Tour-sanctioned event.
After 31 years of bringing world-class professional golf to the Acadiana area, the PGA Tour informed the Chitimacha Louisiana Open presented by MISTRAS last week that the tournament would not be a part of the Korn Ferry Tour’s 2023 and future schedules.
“We’re devastated,” said Louisiana Open executive director Danny Jones. “We have been partners with the PGA Tour for 31 years and have raised over $5 million for local charities and youth groups, so while we’re saddened by the news, we’re extremely proud of everything we’ve accomplished over the last three decades.”
The Chitimacha Louisiana Open has been part of the PGA Tour’s developmental and “proving-ground” tour since 1992 under several different Tour monikers – the Ben Hogan, Nike, Buy.com, Nationwide, Web.com and the current Korn Ferry Tour. Only four events on the Tour have been around longer than the local event including events in Knoxville, Boise and Springfield, Mo., from the inaugural Tour season in 1990 and the Wichita event in 1991.
The Chitimacha Tribe of Louisiana has been the lead sponsor since the Open’s second year as part of a national tour in 1993.
“We’ve been blessed to have incredible sponsors since 1992,” Jones said. “The Chitimacha Tribe has been with us through strong years and lean years. They may not be the biggest sponsor, but they’re one of the most loyal sponsors across the entire PGA Tour. We would not have lasted 31 years without them.”
Jones said changes in the financial structure of professional golf brought about the decision. The Korn Ferry Tour will continue with a maximum 26-event schedule, with three new events replacing tournaments dropped from the 2022 schedule – along with the Louisiana Open, the Lake Charles Championship and the Live and Work in Maine Open in Falmouth, Maine. Jones said the Louisiana Open budget was about $500,000 short of where the PGA Tour wants its Korn Ferry Tour events.
“The long and short of it, the Korn Ferry Tour has outgrown the Lafayette and Acadiana market,” he said. “We exhausted every option to keep the event here locally, but unfortunately, this decision was made by the PGA Tour for what they feel is best for the future of their tour. While it’s a business decision and one that hurts, we understand it.
“The business of professional golf has changed more in the last six months than it did in the previous 10 years combined. If we’d never had a tour event and the PGA Tour were evaluating markets now, we wouldn’t be anywhere on their radar. We’ve been the little engine that could for a long time.”
The Louisiana Open existed for years as a regional event before becoming a part of the Ben Hogan Tour in 1992, a year in which the total purse was $125,000. Last March’s winner, Carl Yuan, pocketed $135,000 out of a total $750,000 purse, and it had already been announced that the 2023 event and beyond would be contested for a tournament-record $1 million purse.
Jones said that the biggest impact of the cancellation will be on the many local and regional charities that have been beneficiaries of the $5 million-plus raised by the non-profit Open organization.
“The Tour understands the impact of our 31-year history and how important our mission is to give back,” he said. “In staying true to our mission statement -- that we are first and foremost a vehicle for local and regional charities to raise fund -- we hope to continue to partner with the Tour in some capacity and continue to make a difference in our community.”
To that effect, Jones said the Louisiana Open organization would remain in place going forward, with new events and new fund-raising efforts with the goal to continue helping raise charitable dollars.
“To all our sponsors, volunteers and charities, this isn’t the end of the Chitimacha Louisiana Open,” he said. “We appreciate all their time and efforts that have been given since 1992, and ask them to be patient while we navigate our near future and figure out what that future looks like. When we know what that is, we hope they’re with us.
“I’m proud of what we’ve done for 31 years and the impact we’ve made. We’ve been through a lot of adversity with the downturn in oil, hurricanes and a pandemic, but we live in a special place and this doesn’t change that.”

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Frank Wynerth Summers II

January 9, 1943 ~ September 11, 2022

ABBEVILLE — A Mass of Christian Burial will be held at 12:30 PM on Saturday, September 17, 2022 at St. Mary Magdalen Catholic Church honoring the life of Frank Wynerth Summers II, 79, passed away on the morning of September 11, in the company of his family, after a long struggle with complications of pulmonary fibrosis. God blessed him with a beautiful end to an extraordinary life. He will be laid to rest at St. Mary Magdalen Cemetery with Father Michael Richard officiating.   Pallbearers will be Soren Spiehler; Michael, Anthony, Dominic, and Thomas VanVickle; and Eli and James Hindelang. Honorary pallbearers are Marcelo Davis, Judge Edwards, Ralph Martin, Andy Ringle, Raul Soto, Rene Maagad, and the men of Family Missions Company.
Frank was born in Abbeville, and deeply loved his hometown. The oldest child of Frank and Beverly Summers, he was a proud older brother to Preston, Susan, Jim, Will, and Missie. His father served as Chief Justice of the Louisiana Supreme Court. Beverly, his mother, fostered in him a remarkably kind and caring spirit. From his youth, Frank developed an enduring love of nature — fishing, hunting, and exploring the woods with his brothers. He enjoyed working on his family’s property at Forked Island and Big Woods, south of Abbeville.
Before entering law school at Tulane, he married his sweetheart, Genie Gremillion, and together they built a life of love and adventure. After the birth of their son, Frank “Beau” Summers III, they lived in London and Manhattan, as Frank’s pursuit of truth and justice led him to advanced degrees in law, a Master of Laws degree at King’s College and ABD Doctorate at Columbia University School of Law. 
He became assistant District Attorney in Vermilion Parish. He and Genie’s professional lives flourished, even as their marriage struggled. Amid that difficulty, a profound encounter with Jesus’ love and mercy changed everything. Frank found the truth he always sought.
Giving their lives completely to Jesus saved Genie and Frank’s marriage. Soon after their encounter with Christ, he and Genie took God at His word, sold everything, and with their 10-year-old son, set out to follow Jesus’ command to “Go into the whole world and proclaim the Good News to all creation.”
 “We serve a real God who does real things for real people in the real world,” Frank enthusiastically told anyone who listened. Their exceptional life is beautifully documented in Genie’s two books Go, You are Sent! and Our Family’s Book of Acts. Some highlights include preaching the Gospel and serving the poor in Tonga, American Samoa, Mexico, Colombia, Australia, New Zealand, the Philippines, and Micronesia. While home in Abbeville, they fellowshipped with Open Door Community and worked with the Christian Service Center. In their years of mission, Frank and Genie saw the blind healed, the lame walk, food multiplied, and countless other miracles of healing and provision. Frank preached the Gospel with parrhesia; he loved and served the poor with cheerful generosity. Communities the Summers helped to found around the world have grown to include hundreds of families, and chapels they helped to build still house thousands of worshippers. Most of the people who love Frank and were deeply loved by him will be unable to attend his funeral because they are the poorest of the poor in far distant lands. Frank’s humble yes and tireless service to the Gospel bore fruit, they love Jesus and know that He loves them.
Twenty-five years ago, Frank and Genie heard God call them to make available to others the glorious adventure they lived. Believing that foreign missionary activity is the greatest and holiest duty of the Church, they founded Family Missions Company. Dedicated to making disciples, preaching the Gospel, and serving the poor around the world by training, sending, and supporting Catholic singles and families to reach the ends of the earth, Family Missions Company has become the largest Catholic Lay Foreign Mission organization in the United States. Today, over 200 missionaries serve in the US and in 10 countries around the world. Countless people are walking with Jesus, countless poor are loved and served, because Frank Summers gave his life to the Lord.
During their decades of service in foreign missions, Frank and Genie had six more children — Sarah, Susanna, Mary, Simon-Peter, Joseph, and John Paul. Every day, Frank picked up his guitar and Bible to praise God with his family. He loved to laugh with his kids; he took them bird watching, hunting, and fishing; brought them to distant villages to share Jesus, carrying them on his shoulders before they could walk; and protected them from venomous snakes (by picking the snakes up by the tail and smacking their heads against trees). He enjoyed teaching them math, encouraged them in all their endeavors, and loved each of them individually and unconditionally. 
While he and Genie were changing the world together, he relished holding hands, praying, and dancing to Ray Charles with her; and until the very end, lit up when he talked about his sweetheart. He gave his whole life to Jesus, and always put his family first.
Our family would like to thank everyone for the abundant support of the community in Acadiana, and around the world. Frank was treasured by so many who poured out their love to us in his final days.
Frank is survived by his wife of 59 years, Genie Summers; their seven children Frank Summers III (fiancée, Clara Duhon), Sarah Granger (Kevin), Susanna VanVickle (Michael), Mary Hindelang (Chris), Simon-Peter Summers, Joseph Summers (Brooke), and John Paul Summers (Jill); as well as his 27 grandchildren, Alyse, Anika, Soren, Isaac, Isabel, Jonah, Esmé, Michael, Anthony, Dominic, Thomas, Marisa, Eli, James, Cecilia, Naomi, Josie, Anthony, Benjamin, Samuel, Asher, Philip, Levi, Elliott, Oliver, Sophie, and Hazel; and his siblings Preston Summers, Susan Summers, Clay James Summers, and Missie Smith.
Frank is preceded in death by his parents, Frank and Beverly Summers, and his brother, Will.
A gathering of friends and family will be held on Friday, September 16, 2022 from 4:00 PM until 9:00 PM at Vincent Funeral Home - Abbeville. A rosary will be prayed by Family Missions Company Missionaries at 6:30 PM on Friday, followed by a celebration of praise. Visitation will continue on Saturday, September 17, 2022, from 9:00 AM until 12:15 PM when the procession will depart for the church.  
In lieu of flowers, donations can be made in Memoriam to Family Missions Company (www.familymissionscompany.com/frank-summers).
Condolences may be sent to the family at www.vincentfuneralhome.net.
All funeral arrangements are being conducted by Vincent Funeral Home of Abbeville, (337) 893-4661.

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A whooping crane cares for its chick, hatched during the 2022 nesting season in Louisiana.

Louisiana's Whooping Crane population adds record eight wild hatched chicks during 2022 nesting season

The 2022 breeding season was a big success for Louisiana’s experimental whooping crane project as eight wild hatched chicks have fledged and been added to the Louisiana population. The eight chicks are the most in a single breeding season since the project was initiated by the Louisiana Department of Wildlife and Fisheries (LDWF) in 2011.
A total of 15 whooping crane chicks hatched this year with eight surviving to fledge. It brings the Louisiana population to 76, 16 of which were wild hatched in the state. The first wild hatched Louisiana chick came in April of 2016, the first to hatch in the state in more than 75 years.
Louisiana’s whooping crane reintroduction project began in 2011 when 10 juvenile whooping cranes from the Patuxent Wildlife Research Center were released at the White Lake Wetlands Conservation Area in Vermilion Parish to initiate the non-migratory flock. This marked a significant conservation milestone with the first wild whooping cranes in Louisiana since 1950. Support of partners, including Chevron, the U.S. Fish and Wildlife Service, Audubon Nature Institute, Coypu Foundation, Entergy, Cameron LNG, SLEMCO, International Crane Foundation and the Louisiana Wildlife and Fisheries Foundation, have allowed LDWF to expand its effort in Louisiana.
“Eight chicks is the most we’ve ever had and it’s also the most that have ever fledged in a single year from any of the reintroduction projects nationwide,’’ said LDWF Biologist Sara Zimorski, who oversees the whooping crane project. “We can’t point out exactly why this was our best year. It could be partly the age and experience of the birds. We certainly have birds that have gained experience hatching and raising chicks over the previous few years, but we did also have some new pairs who were successful for the first time this year.”
Zimorski said dry conditions during the breeding season, which runs from February until June, may have also been a determining factor.
“I don’t think we’ve had a nesting season during a drought like we had this year,’’ Zimorski said. “Intuitively it doesn’t seem like that would be good, but according to some colleagues from the U.S. Fish and Wildlife Service, other species of water birds often have really good breeding success in drought years that follow wet years, which we definitely had last year. It’ll be interesting to see how the weather patterns correlate with breeding success going forward.’’
Whooping cranes are slow to mature and only lay one to two eggs during a nesting attempt, typically raising only a single chick even if both eggs hatch. So reproduction can be a slow process. The cranes normally don’t reach sexual maturity until they are 3-5 years old and the captive reared cranes, when introduced into Louisiana, have been less than 1 year-old. Louisiana cranes have had some success at young ages with several of this year’s successful parents being 5 years old. Additionally this year, for the second year in a row, and for the third time since chicks first hatched in 2016, a pair was successful in fledging twins.
Anyone encountering a whooping crane is advised to observe the bird from a distance and to report the sighting to LDWF at: https://www.wlf.louisiana.gov/page/report-a-whooping-crane-sighting-or-v... . Whooping cranes are large-bodied, white birds with a red head and black facial markings. Birds measure a height of five feet and have a wingspan of seven to eight feet that makes them very distinctive. In flight, whooping cranes display black wing tips and a fully extended neck, and legs, which extend well beyond the tail.
For more information on the whooping crane project, go to https://www.wlf.louisiana.gov/subhome/whooping-crane and https://www.facebook.com/lawhoopingcranes/. To see how you can support the project, go to https://www.wlf.louisiana.gov/page/support-whooping-crane-conservation or http://www.lawff.org/.

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New LHSAA playoff format affects Patriots the most

North Vermilion could play Abbeville in football playoffs and Barbe in baseball playoffs

The North Vermilion Patriots football team, a Class 4A football team, could play Abbeville, Erath or Kaplan in this year’s football playoffs. Also, if the North Vermilion Patriots want to win another baseball state title, the odds are they are going to have to beat Barbe, the two-time defending Class 5A state champs, in the finals.
Confused?
Please don’t feel bad because most of the coaches in Vermilion Parish were confused Friday afternoon when the LHSAA released its new playoff format for select/non-select schools.
The LHSAA is now calling it Select and Non-Select Division Playoffs. Gone are the Class 1A, 2A, 3A, 4A and 5A playoffs.
In non-select (non-private schools), there are four divisions. There are 28 non-select teams in each division and 24 in each select division.
The larger schools are in Division I and the schools get smaller in each division
Abbeville, Kaplan and Erath will play in Division II in every sport.
VC will play in Division IV select in every sport.
Gueydan is in Division IV non-select in every sport.
The team that is affected by the new playoff system are the North Vermilion Patriots.
In football, North Vermilion, with an enrollment of just over 840 students, will play in Division II only but Division I in the rest of the sports.
The Patriots will be one of the largest schools in Division II for football and one of the smallest in Division I.
The Patriots and around five other Class 4A schools are placed into Division II with Class 3A schools. So, there is a chance the Patriots could play Erath or Abbeville in the football playoffs.
But that will not be the case in other sports.
When the playoffs begin, all NV teams, except for football, will be playing teams such as Barbe, New Iberia, Neville, Parkway, West Monroe, Ruston and Westgate.
North Vermilion head coach baseball coach Jeremy Trahan learned of the new playoff system Friday afternoon. What it meant for the NV baseball team is that they are no longer the top dog in Class 4A.
There is a good chance they will have to beat baseball powerhouse Barbe in the Division I playoffs this year to win a third baseball state title.
Barbe has won the Class 5A state title at least 10 times since 1998. In addition, they have won back-to-back state titles in 2020 and 2021.
“We did not expect this would transpire,” said Trahan Friday at the North Vermilion football game. “We had no clue we would be joining 5A. I thought we would be in non-select 4A.”
Trahan’s reaction to the news?
“It is a surprise. We have an enrollment of 840. Most of those 5A schools have an enrollment of 2,000-plus. That is not my ideal situation what we want to be in. But it is what it is. We will do what we have to do.”
In boys and girls basketball, 32 non-select schools will qualify for the postseason, while on the select side, 28 teams will participate.

Softball and baseball differ slightly from basketball, with non-select schools competing for 32 playoff spots while select schools battle for 24 playoff positions.

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Abbeville Chief of Police Mike Hardy speaks to members of the Rotary Club on Wednesday.

Chief of Police Mike Hardy

Mike Hardy is not a college football coach.
However, like a college football coach, Hardy has spent a good bit of time on the recruiting trail.
Since his return as Abbeville Chief of Police on July 1, Hardy has actively sought to bring new people into the department. That included a stop by the Rotary Club of Abbeville’s weekly meeting last Wednesday.
“This is happening right now,” Hardy said, “I am actively recruiting, everywhere I go. If I speak at a meeting, I’m going to ask if you know anyone between the ages of 18 and 78.
“We’re promoting Abbeville Police everywhere we go.”
Hardy took over a department that, like many in other municipalities, had a shortage of officers. Again, like a football coach, Hardy crafted a plan to best utilize the talent he had available.
“We were short when I took over,” Hardy said, “mostly with patrol officers. I took everybody, lieutenants, sergeants, everybody who has been to the academy, and put them on a (patrol) shift. They are still on that shift.”
That allowed Hardy to increase the size of the shifts.
“When I took over we had two and three-man shifts,” Hardy explained. “Now, we have five-man shifts, each with a supervisor.”
Hardy said that increased presence has led to some positive results.
“We don’t have gunshots every night of the week anymore,” Hardy said. “We don’t have shootings weekly. We have had one homicide since I have been in office. We’ve already made an arrest. It’s not a good thing, but the proper work was done.”
A positive presence is something Hardy, who previously served as Abbeville chief from 1990 to 2002, wants from his officers.
“I want the officers to ride in the neighborhoods with their windows down,” Hardy said, “where people can see them. I encourage our officers to stop and visit with people. You want them to build trust.”
While Hardy is looking to add manpower to the department, he would love to add “man’s best friend.” He said at the top of his “wish list” is a K-9 officer.
“I’m a big believer in K-9 units,” Hardy said. “I say a K-9 unit can do the work of four men. A well-trained dog can search a building in the 10th of the time and provides great security.”
Those units do come at a price.
“I have a quote from a K-9 trainer,” Hardy said. “Two K-9 units, trained, all you have to do is provide the officer...$21,000. When I first started in ‘90, that cost was $6,000.”
One thing that hasn’t changed is how the department works cold cases. That is by gathering information. Hardy said there are open homicide cases where every bit of new information helps.
“We are working them and getting information,” Hardy said. “We do have people who stop in and give more information. I have stacks of papers on my desk.
“It helps a lot.”
Everywhere Hardy goes, he’s looking for help for the department.
“Recruiting is tough,” Hardy said. “The Abbeville Police Department is looking for officers.
“I’m looking to hire anyone who is willing to better their community and serve their community.”

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Steve Gardes

Attorney General Landry throws seismic punch at ESG insanity

Woke asset managers like BlackRock and Vanguard have been forcing publicly held companies like Chevron and Exxon to embrace insane ESG (environmental, social and governance investment policies) that are harmful to investors—policies that Warren Buffett has called “asinine”, and corporate Boards were rendered helpless—that is until Louisiana Attorney General Jeff Landry issued a stern warning to his state pension board that ESG investing is likely a violation of their Fiduciary Duties. Furthermore, his Louisiana Opinion has seismic implications to all of Wall Street as it suggests that state pension-fund board members, public pension plan trustees, investment staff and registered investment advisors may be personally liable if they continue allocating funds to ESG.
Mr. Landry’s opinion was tailored to Louisiana law, but as was disclosed in an WSJ article “ESG Can’t Square With Fiduciary Duty”, by Professor Jed Rubenfeld and former U.S. AG William P. Barr, he invoked principles that are part of the common and statutory laws of most states—like the Uniform Prudent Investor Act which states that “no form of so-called ‘social investing’ is consistent with the duty of loyalty if the investment activity entails sacrificing the interest of trust beneficiaries—in favor of the interests of others pursuing the particular social cause.”
Perhaps the biggest bombshell in Mr. Landry’s Opinion was his allegation that BlackRock had undisclosed conflicts of interest when they promoted ESG criteria against U.S. companies but not Chinese companies—citing in particular BlackRock’s 2021 use of proxy voting rights as Exxon’s second-largest shareholder to force Exxon to cut production by dropping oil fields that were “poised to be acquired by Petro-China”, and that BlackRock is “one of Petro-China’s largest investors.” Mr. Rubenfeld/Barr confirmed this huge conflict of interest as BlackRock owned approximately 7.5% of Petro-China. Has China bought off everybody?
Exxon is not alone in this ESG attack; also consider the plight of Chevron’s Board which was forced to consider reducing “Scope 3 emissions”, which is defined by the EPA as “emissions that are the result of activities from assets not owned or controlled by the organization, but that the organization indirectly impacts in its value chain.” Although the Board opposed the proposal, “the resolution earned majority shareholder support, including from its three largest shareholders at the time, Vanguard, State Street and BlackRock—and would have required Chevron to account for whether its employees drive hybrids or Humvees to work, etc.”. Although the Chevron Board stood its ground on Scope 3, it later announced a new $10 billion in spending on low-carbon projects and said that it “supports the Paris Agreement and a carbon tax.”
Yes, this is truly “Orwellian”!!! What ever happened to the fiduciary obligation of evaluating all projects on financially measurable return on investment? Perhaps Jeff Landry’s “warning” will bring back a sense of sanity and fiduciary responsibility to Wall Street.

Steve Gardes is a Certified Public Accountant (CPA) and Certified Valuation Analyst (CVA) with over 40 years of public accounting experience.

Europe’s long winter is almost here

As global oil prices somewhat ease as Europe’s economy overheats into recession , falling prices will eventually bring along another unfortunate aspect of the business cycle: the impact on labor markets. Inflation and unemployment are said to have an inverse relationship. When prices are generally rising, unemployment is usually falling, and when they start to fall, as in deflation, unemployment usually rises, the worst example being the 1930s and the Great Depression.
Right on schedule, the U.S. unemployment rate ticked up 0.2 percent to 3.7 percent in August, according to the Bureau of Labor Statistics , as oil eased off of more than $120 a barrel in March down to about $87 now. OPEC+ is scaling back production in preparation for lower demand that usually occurs in recessions. That is yet another recession signal.
The question of course, and seems impossible to predict, is just how bad the current recession will be. In Europe, unemployment is still generally dropping from its Covid highs. For example, in Italy, unemployment peaked in the third quarter of 2020 at 11.1 percent. Now, it’s down to 7.9 percent . As far as the business cycle goes, this indicates Europe is just hitting peak employment, even as financial news outlets are reporting recession amid Gross Domestic Product stagnation .
That means the misery to labor markets remains ahead of the world, mostly, likely dragging into 2023 and beyond before eventually, a bottom will be felt in the recession.
As for the whys of the recession in Europe, look no further than the natural gas crunch that has led to skyrocketing electricity and home heating prices. When the wider war in Ukraine began in February, Title Transfer Facility (TTF) in the Netherlands were already up to $25.72 per 1,000 cubic feet . Now, it’s up to $83.62, according to the U.S. Energy Information Administration (EIA) .
Even in the U.S., which has abundant natural gas supplies, Henry Hub natural gas prices rose from $4.40 in February to more than $8 today, almost doubling.
It all hurts so much more because the push for this century has been to move away from coal electricity production and onto natural gas as a less-carbon intensive alternative. In 2007 , coal-generated electricity made up 49 percent of the total U.S. grid, while natural gas was just 21 percent, according to the Energy Information Administration. In 2021 , natural gas now makes up 38.3 percent of the grid, and coal is down to 21 percent.
In fact, the U.S. is not producing a single kilowatt hour (kWh) more than it was 15 years ago despite rising demand and the U.S. population growing by 30 million to more than 331 million from 2007 to 2021. Instead, overall electricity generation in the U.S. has dropped from 4.005 trillion kWh in 2007 to 3.96 trillion kWh in 2021.
In Europe, the situation is far more dire. In 2020, the European Union imported 9.1 trillion cubic feet of natural gas , according to Eurostat . And about 41 percent Europe’s imports come from Russia , or about 3.73 trillion cubic feet a year, 24 percent from Norway at 2.2 trillion cubic feet and 11 percent from Algeria at 1 trillion.
The Nord Stream 2 was built from 2018 and finished construction in Sept. 2021 at a cost of $11 billion, and would have doubled the old pipeline’s distribution of 1.9 trillion cubic feet a year to 3.9 trillion cubic feet a year. Instead, because of the war, Russia has ended output through Nord Stream 1 and Nord Stream 2 has been cancelled. Before the war, Germany purchased about 55 percent of its natural gas from Russia .
Now, winter in Europe is rapidly approaching when homes particularly in northern Europe will need gas the most to keep their homes warm and one hopes the weather itself will be a mercifully temperate. As recession looms, the only thing overheating right now are prices. Unemployment will surely follow. Stay tuned.

Robert Romano is the Vice President of Public Policy at Americans for Limited Government Foundation.

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