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Monthly Archives: July 2013

With gambling revenues falling, Tunica looks for an ace in the hole

The people of Tunica County have toiled through the worst of economic times, and basked in the bright lights of success. But their King Midas, better known as the gaming industry, is losing its touch. Recently released numbers for the first half of this year support the trend that Mississippi is on pace for one of its lowest gaming revenue ...

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Banks say credit unions have unfair advantage

ACROSS MISSISSIPPI — For decades, not-for-profit credit unions have enjoyed tax-exempt status as they emerged as legitimate contenders to banks, gaining new customers, especially as the recession caused many banks to tighten their lending policies. The banking industry says credit unions now enjoy an unfair competitive advantage as they broaden their services while not being taxed or held to the ...

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Vicksburg casino hotel sold to Gulf Coast developer

VICKSBURG, Mississippi — The former Grand Station Hotel, closed since gambling ceased at Vicksburg’s waterfront when a casino left 16 months ago, has been sold to a Gulf Coast developer. Vicksburg Hotel LLC, a Biloxi-based entity led by businessman Charles Lambert, purchased the 117-room hotel this month from Great Southern Investment Group Inc., according to land transaction records. The Vicksburg ...

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Developer may be set to turn old Bay St. Louis school into new hotel

BAY ST. LOUIS, Mississippi — New Orleans developer Jim MacPhaille says it’s too early to say what the vintage Second Street Elementary School will become when he takes ownership in early August. Based on conversations with neighbors and city officials, he guesses the property likely will be turned into a hotel. With offices and shops. And maybe a fine dining ...

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Green paint found on Smithsonian statue, organ at National Cathedral

According to The Washington Post, green paint was found Monday defacing a statue outside the Smithsonian Castle on the National Mall and poured atop an organ in a chapel at the Washington National Cathedral, just three days after the Lincoln Memorial was vandalized in a similar manner. D.C. police have now joined the U.S. Park Police in the investigation, but ...

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Chuck Reece named chairman of MHA Board of Governors

Chuck A. Reece, President of Rush Foundation Hospital and Executive Vice President and Chief Operating Officer of Rush Health Systems, was recently elected Chairman of the 2013-2014 Mississippi Hospital Association (MHA) Board of Governors during MHA’s 82nd Annual Leadership Conference. Mr. Reece has held numerous administrative positions within Rush Health Systems since 1972. He is a graduate of Mississippi State ...

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Mississippi Polymer Institute helps NASA measure effectiveness of engine cleaning solutions

HATTIESBURG, Mississippi — Last year the Mississippi Polymer Institute partnered with NASA to develop a new tool for evaluating cleaning solutions/solvents that are more environmentally friendly than the ones currently used on NASA’s rocket engine parts. After countless hours of design and evaluation, MPI provided NASA with the prescribed model. Steven Whitacre, MPI’s technical specialist, was responsible for designing an ...

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CARTER: In-depth news package on mortgages in Mississippi

Click below to read through a series of stories by MBJ staff writer Ted Carter on mortgages in Mississippi. You can find out more in the July 26 issue of the Mississippi Business Journal >>Bursting balloons: New mortgage rules may deflate non-traditional lending >>Balloon mortgages will live on in rural Mississippi counties >>Meeting qualified loan rules may open banks to ...

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(BUSINESS VIDEO) Bastian Schaefer: A 3D-printed jumbo jet?

In this Ted Talk, Designer Bastian Schaefer shows off a speculative design for the future of jet planes, with a skeleton inspired by strong, flexible, natural forms and by the needs of the world’s, ahem, growing population. Imagine an airplane that’s full of light and space — and built up from generative parts in a 3D printer. Bastian Schaefer and ...

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Madison County health care zone update

CANTON, Mississippi — In 2012, the Mississippi Governor’s office released a strategic plan titled Blueprint Mississippi Health Care: An Economic Driver. This is a state sponsored strategic plan to “expand the economic asset of healthcare” within the state. In order to effectively implement Blueprint Mississippi legislation was needed. The Mississippi Health Care Industry Zone Act was signed into law by ...

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