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With all Louisiana's wealth in natural resources and industry, WHY DOES IT STAY SO POOR?
What Louisiana's Board of Commerce and Industry did to the poorest place in the country.
Louisiana’s abundant natural resources represent enormous wealth, yet the state consistently ranks at or near the bottom nationally for many quality-of-life indicators. Like other states, Louisiana grants tax exemptions to businesses it wants to attract, but some are questioning whether its unusually high rate of corporate subsidy is really paying off. Economics correspondent Paul Solman reports.
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