Home » 2011 » May » 05

Daily Archives: May 5, 2011

Credit union regulators weigh next step for failed Valued Members

By Ted Carter National Credit Union Administration regulators who took over troubled Valued Members Federal Credit Union’s Jackson, Canton and Lena locations Wednesday say they hope the $9 million institution can be returned to the control of its members. The alternative is to arrange a transfer of the assets of the 2,030-member credit union to another credit union willing to ...

Read More »

House passes bill to force offshore drilling lease sales

GULF OF MEXICO — The Republican-controlled House has passed the first of three bills aimed at making it easier for oil companies to drill offshore. The House passed the first measure 266-149 today. It would force the government to conduct three lease sales in the Gulf of Mexico and one off the Atlantic Coast within a year, or by June ...

Read More »

MDA unveils new Mississippi Freedom Trail

JACKSON — The Mississippi Development Authority’s Tourism Division has announced the creation of the Mississippi Freedom Trail, a major cultural initiative designed to commemorate the state’s Civil Rights heritage. The trail will offer a virtual tour of the state and those sites that played a pivotal role in the Civil Rights Movement. Gov. Haley Barbour said. “The trail will complement ...

Read More »

Harlow's closure leaving Greenville with no open casinos

GREENVILLE — Harlow’s Casino Resort & Hotel in Greenville will temporarily close to the public effective Friday at 10 p.m. due to concerns over rising water levels and flooding along the Mississippi River, according to the casino’s owner, Churchill Downs Inc. The Board of Mississippi Levee Commissioners has declared a state of emergency due to expected flooding along the Mississippi ...

Read More »

Farm Credit Bank reports increased earnings

AUSTIN, Texas — Farm Credit Bank of Texas (FCBT), a wholesale funding bank, reported an increase in earnings for the first quarter of 2011. Net income for the quarter ended March 31, 2011, was $41.8 million, an increase of $6.6 million over the same period of 2010. The 18.7 percent increase was due largely to a $10.3-million increase in net ...

Read More »

Water association reports pressure loss, possible contamination

CALHOUN COUNTY — The Mt. Comfort Water Association-Banner water system in Calhoun County has notified the Mississippi State Department of Health of water pressure loss, a line break and the potential of contamination due to backwater flow in the areas of Northwest Calhoun County and a small area in extreme southwest Lafayette County. Approximately 600 homes and businesses will be ...

Read More »

Valued Members FCU goes into conservatorship

JACKSON — National Credit Union Administration regulators who took over troubled Valued Members Federal Credit Union’s Jackson, Canton and Lena locations yesterday say they hope the $9-million institution can be returned to the control of its members. The alternative is to arrange a transfer of the assets of the 2,030-member credit union to another credit union willing to take on responsibilities ...

Read More »

MDEQ: Businesses need to prepare for flood

ACROSS MISSISSIPPI — As a result of flooding forecasts and rising water levels for the Mississippi River, the Mississippi Department of Environmental Quality (MDEQ) is advising Mississippians to think about possible environmental issues that can result if flooding reaches their homes, farms and businesses. “The release of oil, gasoline, or chemicals into floodwaters can be a safety hazard, and we ...

Read More »

State's high school drop-out rate on the rise

JACKSON — State Superintendent of Education Dr. Tom Burnham announced that Mississippi’s dropout rate for the class of 2010 is 17 percent. The previous year’s dropout rate was 16.8 percent. The graduation rate changed slightly with the current rate at 71.4 percent, compared to last year’s graduation rate of 71.6 percent. The completion rate for the class of 2010 is ...

Read More »

Casinos, roads closing due to flooding river

GREENVILLE and NATCHEZ — Tropicana Entertainment Inc. is temporarily closing its Lighthouse Point and Jubilee Casinos, both in Greenville, due to the rising water levels of the Mississippi River. The Lighthouse Point Casino will close today at midnight and the Jubilee Casino will close tomorrow at midnight. The re-opening date of the casinos will be determined at a future time ...

Read More »