Legislation: The Louisiana House Judiciary Committee unanimously approved a bill Thursday that would prevent a parish from stopping businesses from selling alcohol, Louisiana Illuminator reports. That law would be in effect until one year past the point of the end of the COVID-19 public emergency. This bill comes as many Louisianans grow frustrated by the state’s restrictions on bars and restaurants over the past several months. Multiple bar owners have sued the governor over these restrictions. Read the full story.
Better than expected: Retail sales rose strongly in September, the fifth consecutive month of growth, as Americans spent more on clothing, cars and sporting goods. The U.S. Commerce Department said this morning that retail sales jumped 1.9% last month. That’s much better than the 0.8% rise economists expected. And it’s up from an increase of 0.6% in August. Read the full report.
Slipping: U.S. industrial production fell 0.6% in September, the weakest showing since spring and a sign that the economy’s recovery from the pandemic recession may be faltering just as confirmed viral infections are resurging in much of the country. The Federal Reserve reported this morning that industrial production suffered its first decline since a 12.7% drop in April during the spring lockdowns of businesses that paralyzed the economy. The key category that reflects manufacturing output fell 0.3%. At the same time, mining output, which includes oil and gas exploration, fell 5.6%. Production at utilities rose 1.7%. Read the full story.