Archive | February, 2011

State tops U.S. in mortgage payments late by 30 days in 4Q

February 17, 2011

0 Comments

By Ted Carter Mississippi led the nation in mortgage payments overdue by 30 days in the fourth quarter and its 90-day delinquent rate began to resume a previous rise, the Mortgage Bankers Association said in a press conference Thursday morning. The state’s overall rate of 13.30 percent was among the nation’s highest, while the 5.93 […]

Continue reading...

Is Barbour jockeying for campaign funding from energy sector?

February 17, 2011

1 Comment

By Amy McCullough Will Barbour use the energy sector to finance his presidential campaign? Sounds like the Associated Press thinks so: Mississippi governor to talk with coal operators MS State Wire Published:Feb. 17, 2011 FRANKFORT, Ky. (AP) – Potential Republican presidential candidate Haley Barbour is expected to speak with Kentucky coal operators on Thursday. The […]

Continue reading...

Fed greenlights Cadence acquisition; March 1 closing set

February 15, 2011

0 Comments

By Ted Carter Having gained Federal Reserve approval Tuesday, Starkville-based Cadence Financial Corp. says it expects its acquisition by Community Bancorp LLC to be completed by March 1. The Fed approval marked the last regulatory hurdle for the takeover of Cadence, said John Boydston, director of marketing. “This completes all of the regulatory requirements for […]

Continue reading...

What is a diploma worth?

February 15, 2011

0 Comments

By Wally Northway A lawsuit brought by students of a proprietary college here in the Magnolia State should be a warning to Mississippians about the potential ramifications of budget cuts at our public universities. Last week, a group of 14 former nursing students at for-profit Virginia College sued claiming that they only found out after […]

Continue reading...

Judge: Kemper appeal decision in 2 weeks

February 14, 2011

1 Comment

By Amy McCullough GULFPORT – While lawyers prepared for the hearing upstairs, more than 20 Gulf Coast residents rallied in the lobby of the Harrison County Chancery Court on Feb. 14, as Mississippi Sierra Club director Louie Miller explained a lawsuit with a pair of flip flops. Miller held up a pair of the popular […]

Continue reading...

WSJ: Learn from Khosla-backed energy startups that tanked

February 11, 2011

3 Comments

By Amy McCullough See related story “Good Idea or Not?” and blog post “Haley Barbour and Khosla Ventures.“ A Wall Street Journal Feb. 10 “Review & Outlook” column (“The Range Fuels Fiasco“) details failed energy startups backed by Vinod Khosla of Khosla Ventures. Khosla Ventures, along with other investors, is backing three green energy startups […]

Continue reading...

Senate OKs changes to Jackson special option sales tax legislation

February 11, 2011

0 Comments

By Ted Carter Jackson Mayor Harvey Johnson overcame a key challenge Thursday in his quest to overhaul the city’s antiquated water and sewer system.The city’s sole legislative priority for the year – a bill amendment that would enable the city to bond major water and sewer upgrades through 2023 – received Senate approval by a […]

Continue reading...

Survey finds further decline in home prices statewide

February 9, 2011

0 Comments

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

Continue reading...

Brown’s ouster: Politics as usual (unfortunately)

February 9, 2011

0 Comments

By Wally Northway It’s déjà vu all over again. And it’s not good déjà vu, either. The recent unceremonious ouster of Mississippi Department of Transportation executive director Butch Brown by the Mississippi Transportation Commission seems to have finally ended the long-running blood feud between Brown and Central District Transportation Commissioner Dick Hall, though the hatred […]

Continue reading...

Residents invited to help update multi-year transportation plan

February 8, 2011

1 Comment

Residents and organizations that want to help shape Central Mississippi transportation priorities will get an opportunity to present their suggestions at a series of transportation summits this month sponsored by the Metropolitan Planning Organization. The summits are part of a 5-year update of a plan designed as blueprint for the region’s transportation priorities through 2035, […]

Continue reading...