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Daily Archives: August 5, 2011

FAA money restored but Jackson-Evers projects may be in jeopardy

Late Friday afternoon action by the U.S. Senate and President Obama got the Federal Aviation Administration back in business but the big dollars lost in airline fees could hurt long-range projects planned by Jackson-Evers International Airport and other airports throughout Mississippi. At Jackson-Evers 10 FAA workers will return to work Monday after a two-week furlough caused by the refusal of ...

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Miss. school choice

Mississippi public school students are beginning their 2011-2012 academic years, and some parents are unhappy with their children’s schools and wishing they had another place to go. Cynthia Jackson, the mother of a rising fifth-grader in the Canton School District, wishes she could afford to live within the Madison County School District, where the schools are better. “I have to ...

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Looming defense cuts bring return of familiar anxieties

Last Tuesday’s deal to slash defense spending by hundreds of billions as part of the deal to raise the nation’s debt ceiling set off the kind of anxiousness not felt in Columbus since the Base Realignment & Closure commission shut down a half-dozen years ago. Suddenly, the Golden Triangle’s continued economic resurgence is not as sure a thing as it ...

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State regulating bank subsidiaries until ordered to stop, says top bank supervisor

Mississippi’s Department of Banking has returned to licensing wholly owned subsidiaries of federally chartered banks and thrifts and enforcing their compliance with state financial consumer protection laws. Banking Commissioner John Allison cites the Dodd-Frank Wall Street Reform and Consumer Protection Act as authority for restoration of enforcement powers the state ceded to the Office of the Comptroller of the Currency ...

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Bank reform sets stage for state, federal regulator spat

With the volumes of rule making required to fully implement the Dodd-Frank Wall Street Reform, observers widely viewed the measure as a regulatory turf war waiting to happen. The waiting is over. The historic reform law, which went into effect July 21, will be the subject of many more months of rule making by federal regulators. But already under challenge ...

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Update: Stocks waver as optimism about job report fades

UPDATE ….. Stocks are moving between small gains and losses Friday, giving up an early rally after the government reported that hiring picked up in July. European leaders are calling emergency meetings and seeking to reassure markets that a large nation such as Italy or Spain won’t become the latest country in the region to need a financial backstop. A ...

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