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20 cash-starved public colleges drafting bankruptcy plans thanks to Bobby Jindal’s budget

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Louisiana State University (LSU) said this week that it had been forced to start planning for bankruptcy in response to Gov. Bobby Jindal’s (R) budget. And it’s just one of as many as 20 campuses that were starting the process.

LSU President and Chancellor F. King Alexander told The Times-Picayune that his administration had begun the process of declaring financial exigency — which is essentially an academic bankruptcy — after the state Legislature and Jindal’s administration had failed to close a budget gap.

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“We don’t say that to scare people,” Alexander explained. “Basically, it is how we are going to survive.”

According to the paper, Moody’s Investors Service has already downgraded the university’s credit outlook, meaning that it would have to pay more to borrow money. It was also expected to make it more difficult to recruit staff.

“You’ll never get any more faculty,” Alexander pointed out.

Because Jindal’s budget included $372 million in funding from tax credit rollbacks that the Legislature was never expected to pass — and other sources that were considered shaky at best — the The Times-Picayune reported that overall state funding at LSU would drop from $3,500 per undergraduate student to $660 per undergraduate student.

Higher education officials said that 16 to 20 campuses were considering coordinating the filing of their financial exigency plans.

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Fox News’ Geraldo Rivera attacks former White House press secretary on Twitter as ‘old douche’

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In a bizarre moment, Sunday evening politics turned into a war of wards in President Donald Trump's Twitter comments.

Fox News commentator Geraldo Rivera responded to former press secretary Joe Lockhart, who had replied to one of the tweets Trump retweeted from Rivera.

"Gloom settling on Democrats as they realize they’ve taken their best kill shot & missed. Dems in despair. Republicans United. @realDonaldTrump survives & #Impeachment all over but the shouting," said Rivera, hopefully not literally saying that Democrats wanted to shoot or kill the president.

Lockhart responded to the comment by mocking the Fox News host, saying that he was only making the comment to help get his contract renewed.

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‘Now we see why’ Trump blocked Bolton from testifying — and Republicans are barring witnesses: Adam Schiff

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House Intelligence Committee Chairman Adam Schiff (D-CA) is one of the handful of members of Congress who have served as managers for President Donald Trump's impeachment trial. He has not only navigated the past week of the trial, but he conducted the first major hearing.

After the New York Times revealed key facts from former national security adviser John Bolton's upcoming book, Schiff said that it was clear the information Bolton has is why Trump blocked him from testifying.

“I think you have to for the sake of the office,” Trump told Fox News’s Laura Ingraham when she asked if he would block Bolton.

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John Bolton went to Bill Barr with concerns about Giuliani’s ‘shadow foreign policy’ in Ukraine: report

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Attorney General Bill Barr was cited recently by Rudy Giuliani's associate Lev Parnas as being part of the "team" of people workign to create a conspiracy to help get President Donald Trump reelected.

“Attorney General Barr was basically on the team,” said Parnas in an interview with MSNBC's Rachel Maddow. “Mr. Barr had to know about everything.”

Parnas' lawyer, Joseph Bondy, has demanded that Barr recuse himself from overseeing the Parnas trial and investigation.

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