Archive | June, 2012

CARTER: Romney may have generational edge in repelling space invaders

June 29, 2012

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       Americans give President Obama only so-so marks on his handling of the economy. But nearly two out of three say he’s the leader they want calling the shots once an armada of flying saucers comes over the horizon, National Geographic’s “Aliens Among Us” poll found. The magazine surveyed a random nationwide sample […]

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State foreclosure inventory inches up as much of nation declines

June 29, 2012

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Mississippi ended May with a 0.03 percent increase in home foreclosure inventory compared to the same period a year ago, California real estate research and inform CoreLogic reports. Mississippi’s increase comes as foreclosure inventories in most states are showing declining percentages, CoreLogic said. Mississippi’s residential foreclosure inventory represented 2.7 percent of all homes on the […]

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True South Classic firms up field for July 16-22 tourney

June 29, 2012

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  With less than three weeks until tee off, Mississippi’s only PGA TOUR event, True South Classic, has set its initial player commitment list for the July 16-22 tournament at Madison’s Annandale Golf Club. Former TOUR winners Stuart Appleby, Jason Bohn, D.A. Points and Rocco Mediate are already committed to play for the $3 million […]

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Despite ‘Citizens United’, politics remains hazardous for corporations

June 29, 2012

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The controversial Citizens United decision ostensibly unleashed American corporations to spend more freely on political advocacy. But despite the green light, many of the most powerful consumer brands in America are under pressure to get out of politics. And due to the added scrutiny, some have heeded the call. In the 2010 decision in Citizens […]

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Roberts rules: Affordable Care Act’s taxing nature poorly hidden

June 28, 2012

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Pepper Crutcher, a labor and employment law attorney in Balch & Bingham’s Jackson office, finished reading Chief Justice John G. Roberts’ opinion on the Affordable Care Act by mid-morning Thursday. One clear conclusion, according to Crutcher, is that Roberts knows a tax when he sees one. Call Obamacare’s health-care mandate whatever you like, the monetary […]

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BancorpSouth’s insurance subsidiary to acquire Alabama’s Securance

June 25, 2012

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BancorpSouth is banking on the insurance side of its financial services business to further fatten up non-interest  revenues. To that end, Tupelo-based BancorpSouth subsidiary BancorpSouth Insurance Services has signed a definitive agreement to acquire The Securance Group, an independent property and casualty and life and health insurance agency headquartered in Brewton, Ala. Neither price nor […]

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Meridian building $8.2M police station under lease-purchase plan

June 25, 2012

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Jackson’s Watkins Development has reached a deal with the City of Meridian to transform a vacated Cowboy Maloney store into an $8.2 million police station. The City is to put $2.1 million into the project and rent the building from Watkins for 20 years at an annual cost of $305,000, adjustable for inflation every five […]

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Gulf shrimp landings are up, but prices down

June 25, 2012

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BILOXI — The shrimp are slightly bigger, but prices are down, making this year’s season-opening in Biloxi comparable to last year’s start. As in previous years, Gulf shrimpers are seeing prices forced downward by competition from imported shrimp that sells for less. All the while, they are hit with higher operating cots, especially for diesel […]

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Senate passes farm bill with $23 billion in cuts; House action next

June 21, 2012

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WASHINGTON (AP) — The Senate on Thursday completed a five-year, half-trillion-dollar farm bill that cuts farm subsidies and land conservation spending by about $2 billion a year but largely protects sugar growers and some 46 million food stamp beneficiaries. The 64-35 vote for passage defied political odds. Many inside and outside of Congress had predicted […]

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Home builder confidence highest since 2007, survey finds

June 21, 2012

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Builder confidence in the market for newly built, single-family homes is at its highest level since the housing market collapse, the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) shows. The survey released Tuesday by the home builders and national banking giant measures “sentiment” and reports that the confidence level nudged up one […]

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