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Author Archives: Nancy Anderson

The Fed doing its job way it was meant to be

Hgh treason? Them’s fighting words! I must come to the defense of the Fed. The Federal Reserve was created in 1913 in response to the booms and busts in our economy. Booms were great, but the busts were causing too much pain. We were looking for a way to smooth out our business cycle, and this was the mechanism employed. ...

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Will technology kill the classroom experience?

Education is a business. And this business gets more competitive each year. Public colleges in the State of Mississippi are governed by boards. Each institution is limited to a certain geographical section of the state. The idea was to provide educational services to citizens in a particular locale. While private colleges don’t operate under these constraints, their very size limits ...

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It’s beginning to feel a lot like Wisconsin

I’ve never been to Wisconsin, but I’m imagining what it will be like when Wisconsin comes to Mississippi. Gov. Barbour has appointed a commission to “examine” the state retirement system, affectionately known as PERS. PERS is a defined benefit plan, aka pension plan. Its benefits are based on longevity, age at retirement, and salary. The State of Mississippi takes money ...

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Where are job creators we keep hearing about?

The moon is made of green cheese. The moon is made of green cheese. The moon is made of green cheese. I’m testing a theory that saying something enough times makes it so. It seems to be the way marketing (and politics) works. I’m so tired of hearing about “job creators.” Supposedly, these are the rich people who have the ...

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Don’t like the results? Declare a do-over

A couple weeks ago, I spent a day cemetery hunting in South Mississippi with my dad. With the help of long lost relatives, we found The Granny Bounds Cemetery in the Desoto National Forest. There we found new markers for members of our family tree. It was stunning to see a marker for Running Deer, wife of Joseph Anderson and ...

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Political ads — gotta hate ‘em, right?

Election years are great for the ad business. Politicians spend huge sums on ad creation and placement. It’s a boon for local media outlets. But I hate it! Just seeing the mismatched, crooked collection of political signs on every corner makes me cringe. I can’t enjoy a quiet evening watching television without listening to some candidate declaring devotion to family, ...

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No data to back up story’s statement

W. Edwards Deming said, “God can have opinions; everyone else should bring data.” I opened my MBJ Bulletin e-mail last week and read the column from Amy McCullough entitled “Why Businesses Are Not Expanding.” The second sentence states unequivocally, “Regulatory uncertainty is the reason many businesses are afraid to expand.” Really? Then I search the article for the irrefutable evidence. ...

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The two Mississippis and our economy

It doesn’t matter what the economic reports are. If you can’t pay your bills, the recession is not over. Mississippi’s economy is one of haves and have nots. With one in four of our labor force working for a government entity and a large dependence on the service sector, we find ourselves with a higher unemployment rate than the national ...

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It’s all about small business in Mississippi

More than half of all Mississippi businesses employ four workers or less. Now, that’s what I call small business! While we tend to focus on large corporations and large numbers of jobs, it’s the small businesses who contribute to our economy in meaningful ways. The Rust Belt has been known for its dependence on large manufacturing plants or large corporate ...

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Economy worries keeping you awake?

What keeps you up at night? For many of us, sleepless nights are the result of financial worries. A new Gallup poll asked Americans to rate those financial woes. At the bottom of the list is the worry about paying our credit card bill. Since 2008 many have cut down and cut up credit cards, reigning in those balances. In ...

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