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Daily Archives: January 5, 2012

MEC hosts 'A Capital Day' for business community

Speakers address energy, education and health JACKSON – Members of the business community gathered at the Marriott hotel in Jackson today to hear Gov.-elect Phil Bryant’s agenda for economic development and the details of Blueprint Mississippi, a report on improving the state’s economic health that is sponsored by the Mississippi Economic Council (MEC) and other groups. Bryant assured the crowd ...

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Foreclosures down in Jackson for October, up statewide

Foreclosure rates in Jackson decreased in October from the same period last year, according to new data from CoreLogic. Statewide, however, foreclosures rates rose from 2.38 percent in October 2010 to 2.57 percent in October last year,California real estate research firm CoreLogic reported. CoreLogic said the rate of Jackson area foreclosures among outstanding mortgage loans was 2.29 percent for the ...

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Most loan categories show drop in tardiness

Consumer delinquencies fell in seven of 11 loan categories in the third quarter of 2011, with two categories – bank cards and home equity lines of credit – holding virtually steady, the American Bankers Association reports. The composite ratio, which tracks delinquencies in eight closed-end installment loan categories, fell 29 basis points to 2.59 percent of all accounts in the ...

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Deadline nearing for SBA disaster recovery loans

ACROSS MISSISSIPPI — The U.S. Small Business Administration reminds private non-profit organizations (PNPs) in Mississippi that Jan. 30 is the deadline to submit Economic Injury Disaster Loan applications. The loans are available from the SBA because of the severe storms, tornadoes, high winds and flooding that occurred on April 15–28, 2011. Eligible non-critical PNPs located in Alcorn, Attala, Chickasaw, Choctaw, ...

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Insurers will pay $32B for weather-related losses in 2011

ACROSS MISSISSIPPI — Insurance companies will pay more than $32 billion in claims to help people rebuild homes and businesses damaged or destroyed by natural disasters in 2011, a record year for federal disaster declarations, according to the Insurance Information Institute (I.I.I.). “Catastrophes striking the United States in the first nine months of 2011 caused $32.6 billion in direct insured ...

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Womack to step down as MEMA director

PEARL — Mike Womack says he will not continue to serve as director of the Mississippi Emergency Management Agency during the Phil Bryant administration. Bryant, a Republican, will be sworn in as governor at noon Tuesday. Womack says Bryant asked him to stay on, but Womack told him the next MEMA director should be prepared to stay four or even ...

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Smith named president of Daniel Coker Horton & Bell

JACKSON — Roy A. Smith Jr. has been named president of the law firm Daniel Coker Horton & Bell, P.A.  Smith has been practicing law with the firm since his graduation from University of Mississippi School of Law in 1982. He has served the firm in a variety of leadership positions over the past decade. Smith practices primarily in the ...

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USM College of Business keeps dual accreditation

HATTIESBURG — The University of Southern Mississippi’s College of Business has maintained its status as a dually accredited business and accounting school as determined by the board of directors of AACSB – The Association to Advance Collegiate Schools of Business. According to the university, Southern Miss is one of only 643 AACSB-accredited schools in the world and 475 in the ...

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Is Barksdale's lack of economic development a concern?

There were many names in the rumor mill as possible candidates for the next executive director of the Mississippi Development Authority. Jim Barksdale was not one of them. However, Gov.-elect Phil Bryant yesterday announced Barksdale as his choice as interim MDA director. Barksdale would succeed Leland Speed, who has also been serving in an interim basis at MDA. Like Speed, ...

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BP oil spill payments resume after judge rules

MISSISSIPPI GULF COAST — Payments to those damaged by BP’s massive oil spill in the Gulf of Mexico resumed yesterday, a day after administrators of the $20 billion fund stopped the flow of money, saying they were unclear on how to assess a 6 percent fee for lawyers handling claims. Yesterday, U.S. District Judge Carl Barbier said payments made after ...

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