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Daily Archives: January 30, 2012

Jackson sees dip in foreclosures, tardy mortgage payments

Foreclosure rates and mortgage delinquencies in Jackson have decreased for the month of November over the same period last year, newly released data from real estate research firm CoreLogic shows. CoreLogic reported the rate of Jackson area foreclosures among outstanding mortgage loans was 2.37 percent for November, compared to November of 2010 when the rate was 2.53 percent. On a ...

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Shipbuilders could see impact from Defense Department cuts

PASCAGOULA — The Department of Defense’s proposed cost-cutting measures could have major implications for shipbuilding in South Mississippi. As a result of the cuts, some new vessels could be shelved, scrapped or delayed over the next decade. A few broad details covered in the first five years of a 10-year cost reduction plan were released Thursday, but more information is ...

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Schools spend $14M less on textbooks than in 2008

ACROSS MISSISSIPPI — School districts across Mississippi spent $14 million less on textbooks last year than they did three years ago. The Clarion-Ledger reports the state Department of Education spent $22 million on textbooks last year. That’s a decrease from the 2008-09 school year, when the reported textbook expenses total was $36 million. While amounts spent and any increase or ...

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Report: Small businesses account for nearly half of state's jobs

ACROSS MISSISSIPPI — The Office of Advocacy has released the annual Small Business Profiles for the States and Territories. This is the 16th year Advocacy has published a state-by-state profile of American small business for all 50 states, the District of Columbia, and U.S. territories. The Mississippi profile uses the most recent data available to provide details about the state’s ...

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Storm heavily damages historic structure; future uncertain

CORINTH — Part of a historic Corinth building that preservationists have been working to save was badly damaged by a storm. Much of the old Corinth Machinery building collapsed early Saturday after a storm moved through Corinth. New fencing was put up to keep people from getting too close to a building. Co-owner Terry Albright said it appears that a ...

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Delta airport receives bids from two more airlines

GREENVILLE — Two more airlines have filed bids with the U.S. Department of Transportation to provide service the Greenville Mid-Delta Airport. The Delta Democrat Times reports the bids came from Ft. Lauderdale, Fla.-based Sun Air and Dallas-based Blue Sky Airlines. The companies are hoping to get a federal subsidy to provide air service through the USDOT’s Essential Air Service program. ...

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"The Help" Wins Big at SAG

“The Help,” a Mississippi-made film about race and relationships in 1960’s Jackson, has done it again. The movie, based on the novel by Jackson native Kathryn Stockett, won the coveted Best Ensemble Cast award at last night’s 18th annual Screen Actor’s Guild Awards show in Los Angeles. Viola Davis and Octavia Spencer who played African-American maids Aibileen and Minnie won ...

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Email shows BP officials saw oil spill as potential disaster

GULF OF MEXICO — On the day the Deepwater Horizon sank, BP officials warned in an internal memo that if the well was not protected by the blow-out preventer at the drill site, crude oil could burst into the Gulf of Mexico at a rate of 3.4 million gallons a day, an amount a million gallons higher than what the ...

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Wind Pool board heads overseas for low reinsurance rates

MISSISSIPPI GULF COAST — Members of Mississippi’s wind pool board are in London this week to seek low reinsurance rates — a key factor in the cost of policyholders’ premiums. The Mississippi Press reports that the board left Saturday and are expected to return Friday. The Mississippi Windstorm Underwriting Association is the insurer of last resort for coastal property owners ...

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Legislators seem unconcerned about growing tort reform cases

JACKSON — As the number of tort reform cases before the Mississippi Supreme Court keeps growing, state lawmakers don’t seem quite as concerned about the court’s rulings as are Mississippi’s legal and corporate communities. The deadline to file bills for consideration in the Legislature’s 2012 session is Feb. 20. That’s plenty of time to get tort laws thrown into a ...

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