Archive for the ‘BANKING & FINANCE – Market Sector’ Category

LOUANN LOFTON: A funny, fictional look at the Great Recession

by Published: January 22,2015

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The Financial Lives of the Poets is the first work of fiction I’ve read that’s focused on the time period leading up to and during the 2008/2009 financial crisis. The book was written and published quickly, coming out in 2009, as the economy was continuing its downward spiral. Typically, you’d think that literature reacting to […] [...]

Treasurer Fitch reports State credit on ‘positive trend’

by Published: January 22,2015

Tags: Business, credit, Lynn Fitch, Mississippi, NEWS

A State of Mississippi bond issue set to close in mid February will raise the state’s bond debt to $4.17 billion, Treasurer Lynn Fitch told legislators last week. Mississippi ended 2014 with bond debt of $3.9 billion. Fitch said the State’s credit is on a “positive trend” she attributed to “disciplined spending on the part […] [...]

Fitch awards solid AA to IHL borrowing

by Published: January 22,2015

Tags: Business, education, Fitch Rating Service, IHL, Mississippi, NEWS

The candidate selected to replace the departing Hank Bounds as Mississippi’s commissioner of higher education will inherit a sound and stable borrower profile for the State Institutions of Higher Learning. In a Jan. 13 ratings report, Fitch Ratings Service maintained the AA rating on a new issuance of revenue bonds the IHL expects to sell […] [...]

Senate transportation chair seeks emergency money for roads, bridges

by Published: January 22,2015

Tags: Business, Mississippi, NEWS, transportation

In a move he acknowledges is a long-shot, the chairman of the Senate Highways and Transportation Committee is asking legislators to approve $300 million for timely repairs on state highways and bridges and an additional $100 million for locally maintained roads and bridges. Sen. Willie Simmons, a Cleveland Democrat, wants the money to be part […] [...]

Race to the pump: Feds appear ready to beat state on new gas taxes

The chairman of the Senate Transportation Committee says it seems Congress is about to pre-empt Mississippi’s  opportunity to take advantage of plummeting gasoline prices by enacting new motor fuels taxes. While Mississippi legislators wait for a late 2015 completion of a private-sector study on state transportation infrastructure needs and how to pay for them, Congress […] [...]

HOLDING IT ALL TOGETHER — Keeping companies’ banks united provides advantages for large and small

Put simply, bank holding companies own one or more banks, but don’t engage in banking themselves. And although BHCs involve legal complexities and regulatory considerations, BHCs are favored by many banks because they provide more flexibility in raising capital and more liquidity for shareholders. BHCs are favored by both large and small banks. “It is […] [...]

After dodging December tornadoes, banks step up to provide assistance

In the aftermath of the recent tornadoes that tore through Marion and Jones counties in central Mississippi, local banks stood strong, offering advice, volunteering and donating money to aid in their community’s recovery. The tornado took a path that seemed to track the seven offices of Citizens Bank of Columbia, CEO Lee Fedric said. There […] [...]

IKE TROTTER: lt’s time to get a handle on your budget

by Published: January 20,2015

Tags: banking, Business, finance, Greenville, Ike Trotter, Mississippi, NEWS

Do you often wonder about where your money goes each month? Does it seem like you’re never able to get ahead? If so, you may want to establish a budget to help you keep track of how you spend your money and help you reach your financial goals. Here’s a few first of the year […] [...]

Miss. attorney general asks court to dismiss Google’s suit

JACKSON — Mississippi’s attorney general says a suit against him by Google should be dismissed. In court papers filed Jan. 12, Democrat Jim Hood argues the Internet search giant’s assertion that it is protected by federal law fails to invalidate state laws under which he’s investigating, and that Google has jumped the gun because Hood […] [...]

Miss. economy growing, but slower than region and nation

by Published: January 15,2015

Tags: Business, Darrin Webb, economy, Mississippi, NEWS

JACKSON — An expert says Mississippi’s economy is growing but still lags behind regional and national recovery from the Great Recession. State economist Darrin Webb told legislators Thursday that there are reasons for optimism. He says plummeting gasoline prices are especially helpful to consumers in low-income states like Mississippi. Webb says the number of unemployment […] [...]

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