Tuesday Wrap Up...
Hopefully Something Will Come of This…
An article in today’s Dem-Gaz front page (link) points out that the FTC will investigate potential price gouging of gasoline prices in the aftermath of Hurricane Katrina under a bill signed by President Bush last week.
Our own Senator Mark Pryor called for the study and attached it to a $58 billion appropriations bill for the Commerce, Justice and State Departments for the current fiscal year.
“I have a suspicion there is market manipulation going on within the oil industry” Pryor said on Monday as quoted in the article. The bill provides up to $1 million to study the possible price gouging on both the wholesale and retail markets.
I find it to be one heck of a coincidence that there was no price gouging according to the oil companies but yet they reported profits in the BILLIONS for the third quarter up several hundred percent over the same quarter last year.
I’m going to be very interested to see what happens with this and how the oil companies can defend themselves if they are found to have gauged prices…
So Long Lowell Ruffcorn
Longtime Arkansas broadcaster Lowell Ruffcorn passed away on Monday November 21st according to Pat Lynch’s blog today (link). While I never had the privilege of meeting Mr. Ruffcorn in person, I do remember hearing him on my grandparent’s radio in the mornings. Early mornings with my grandparents at their kitchen table are some my fondest memories right next to my Dad taking flying in a single engine Cessna when I was that age as well.
Ok….What is his REAL motiviation?
An article in the Arkansas Section of today’s Dem-Gaz (link) reports on a lawsuit files by former state representative Mike Wilson. His lawsuit contends that the legislature cannot direct money to local projects because it violates Amendment 14 of the state constitution.
In the lawsuit, he challenges funds that were appropriated from the state’s General Improvement Fund to 11 projects/entities. On September 20th, Pulaski County Circuit Judge Willard Proctor issued a restraining order preventing the state from distributing those funds.
Some of the projects/entities included: the City of Bigelow, the Jacksonville Museum of Military History, the Jacksonville Boys and Girls Club, the Cleburne County Library and the city of Jacksonville. I notice that several of the other entities listed have to with the city of Jacksonville or North Pulaski county.
I would like to know what his real motivation is for this lawsuit? In the article, he claims that Jacksonville has prided itself in funding its own improvements over the years and accepting state monies would “taint” the projects….
