Posts Tagged ‘MBJ FEATURE’

Safety, security: USM center expanding its reach internationally

Most of the training emergency responders undergo isn’t all that heavy on how to handle a crisis at a large sporting venue. The National Center for Spectator Sports, Safety and Security (NCS4) has been filling that gap since 2006, and it’s about to go international. “We did some research a couple years back and found […] [...]

Go safe or take the risks

by Ted Carter Published: March 13,2011

Tags: Joshua D. Rauh, MBJ FEATURE, Pat Robertson, Robert Novy-Marx

Ask a room full of economists and financial planners to create a model for funding a defined public pension plan. The lines likely will divide this way: Pension commitments are too sacrosanct to be risked on a stock market roller coaster. Shelter the money in very low-risk instruments. Look at the equities market over the […] [...]

Bank tries to prove Valley committed fraud

The long-awaited trial of the Evans brothers began last week in U.S. Bankruptcy Court for the Southern District of Mississippi and was still continuing at press time. Judge Neil Olack will rule in the non-jury trial. Heritage Bank and the Bank of Forest are suing Mississippi Valley Title Insurance Company (MVT) on contractual claims and […] [...]

Natchez casino project hits another snag

by Clay Chandler Published: March 6,2011

Tags: Bob Pollard, Dan Dillard, Kevin Preston, MBJ FEATURE, Premier Gaming Group

In Feb. 2008, developers of a Natchez casino on that city’s famed Roth Hill appeared before the Mississippi Gaming Commission and got site approval for the project. Natchez aldermen don’t believe enough has happened since then, so in their Feb. 22 meeting, they voted 5-1 to notify Premier Gaming Group, a Kentucky-based company spearheading the […] [...]

State: Moody’s calculations wrong

by Ted Carter Published: March 6,2011

Tags: MBJ FEATURE, Moody’s, Tate Reeves, The Fitch rating agency

Managers of Mississippi’s defined public employee pension plan say Moody’s made too broad a calculation in setting the plan’s unfunded liabilities and are want the ratings agency to refigure the assets-to-obligations ratio. Moody’s, which includes pension obligations in its overall rating of a state’s credit worthiness, awarded Mississippi an “Aa” rating last October with an […] [...]

Bond ratings could take hit

by Ted Carter Published: March 6,2011

Tags: Haley Barbour, MBJ FEATURE, Pat Robertson, Standard & Poor’s, Tate Reeves

Mississippi often ends up high on the list of states with pension fund obligations out of balance with the money coming in to meet the obligations. Is the state’s latest delay in funding an increased share about to accelerate an imbalance that hovers in the $10-billion range? Not according to Pat Robertson, director of the […] [...]

Increased office vacancies fail to dim outlook for rebound

by Ted Carter Published: February 27,2011

Tags: John Barton, John Michael Holtmann, MBJ FEATURE

Metro Jackson’s office market enters 2011 with more empty space than filled, though the regional director of a firm that surveys the local market quarterly says tenant expansions are now more likely than contractions. “We think the contractions have stopped,” said John Barton, senior vice president and senior asset manager for Parkway Properties, a national […] [...]

Survey finds decline in home prices in Jackson, rest of state

by Ted Carter Published: February 13,2011

Tags: CoreLogic HPI, Mark Fleming, MBJ FEATURE

Metro Jackson housing prices declined more steeply in December than in November, reports CoreLogic HPI, a Santa Ana, Calif.-based research and analytics firm. Statewide, single-family home prices fell in December 3.36 percent compared to the same month in 2009, the researchers reported. Jackson, home prices, including distressed sales, declined by 2.98 percent in December compared […] [...]

Digital records bill perseveres

by Clay Chandler Published: February 13,2011

Tags: Delbert Hosemann, Joey Fillingane, MBJ FEATURE, Uniform Real Property Electronic Recording Act

Electronically accessible government records have spread slowly across Mississippi, as only a handful of counties that could afford to do so have implemented the systems necessary to provide them. One of the parts of Secretary of State Delbert Hosemann’s business reform legislative package would set guidelines for storing those electronic documents, and at the same […] [...]

On the rebound?

by Clay Chandler Published: February 13,2011

Tags: Ben Galjour, Jack Reed, Janice Coleman, MBJ FEATURE, Tupelo Furniture Market

It’s that time of year again: the Tupelo Furniture Market is set to kick off its four-day event on Thursday, and vendors are optimistic that sales will be better this year with the recession’s slow-down. With an average attendance of 30,000, twice a year the Market almost doubles the population of Tupelo, considered the upholstery […] [...]

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