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Stock impact report

With Border Patrol expected in New Orleans, a mayor-elect tugs at levers in her reach to ‘protect people' [CNN]

ACCOR SA SPNS/ADR (ACCYY) 
Company Research Source: CNN
New Orleans — “My favorite patron saint is St. Jude,” Helena Moreno explains. “I don't know what that says about me.” More than 40 days before she is due to take her oath, Moreno faces a double-barrel of city crises that indeed may seem impossible. The first is crushing and categorically local: a projected $222 million city budget deficit left by a term-limited mayor largely absent from public view since she pleaded not guilty this summer to federal conspiracy and fraud charges. The other is unfolding on a far bigger stage: the expected arrival of a key Border Patrol official and some 250 of his agents as part of a coast-to-coast enforcement campaign that has terrified immigrant communities and spurred grassroots resistance in Democratic-led cities from Los Angeles to Charlotte , North Carolina. Until January 12, Moreno's official power to tackle either problem goes only as far as her at-large seat on the City Council. But she already has begun tugging at the somewhat-risky Show less Read more
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