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LAW ELEVATED — Opportunity Funds — The new tax bill’s incentive to spur investments into certain community development projects

The 2017 Tax Cuts and Jobs Act, enacted Dec. 22, 2017 (the “Act”), offers new tax incentives aimed at benefiting low-income communities (“LICs”) (as defined under the new markets tax credit (“NMTC”) regulations) through the creation of Qualified Opportunity Zones (“Opportunity Zones”).  Congress believes the Opportunity Zone legislation will encourage investments that will be used to start businesses, develop abandoned ...

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JOE BABB: Political ramifications of tax reform still unknown

President Reagan signed the Tax Reform Act of 1986 on Oct. 22 of that year. The bill, which enjoyed wide bipartisan support, became law 323 days after its initial introduction in the House. The Tax Cuts and Jobs Act of 2017, the largest tax code overhaul since 1986, was signed just 42 days after it was introduced and did not ...

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Analysis: Plan tries to slow brain drain from Mississippi

Mississippi has a bright-lights-big-city problem, with a significant numbers of college graduates earning their degrees in this mostly rural state and then departing for bigger paychecks and expanded cultural opportunities in Atlanta, Dallas, Nashville and beyond. Not everybody packs the car and heads out once they have a diploma in hand. But brain drain is common enough that some policymakers ...

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BILL CRAWFORD — Trumponomics may push national debt interest costs higher than Social Security and Medicare

Basic math and what the Wall Street Journal calls “Trumponomics” are headed for a brutal collision.   Here’s why.   The national debt is $20.6 trillion and rising. With rates low, annual debt interest costs averaged about $250 billion from 2011 through 2016. As the economy improved, interest rates slowly ticked up. But, now they are expected to surge as ...

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JACK WEATHERLY: ‘The Post’ is a retelling of history to shape the present

What’s the “back story” on the recent release of “The Post,” what amounts to a prequel of “All the President’s Men”? Good question. A newsroom has always been a stage that lends itself to dramatization. “The President’s Men,” released in 1976, is still a terrific movie, with Robert Redford and Dustin Hoffman playing Woodward and Bernstein in their landmark Watergate ...

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TODD SMITH — Winter Olympics brands pay top dollar for sponsorships

The 2018 Winter Olympics aren’t just a showcase for the world’s top athletes. Some of the world’s largest brands paid millions to promote its products on a global stage in Pyeongchang, South Korea. The International Olympic Committee has top-level sponsorship deals in place with 13 corporations. Each “Worldwide Olympic Partner” pays roughly $100 million per four-year Olympic cycle, according to ...

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PHIL HARDWICK: Flags — what do they mean?

With the Winter Olympics in full swing most of us are seeing a lot a flags. Some are really beautiful, and some are really ugly. So what makes a great flag? The answer to that question can be found in a great little booklet compiled by Ted Kaye and published by the North American Vexillological Association (NAVA). Here are the ...

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OP-ED: Huntington Ingalls Industries’ ethics philosophy: Always do the right thing

By Mike Petters At Huntington Ingalls Industries, our ethics philosophy is simple: Always do the right thing. Even when no one is looking. Especially when no one is looking. At HII, every decision we make—no matter how small—is guided by our Code of Ethics and Business Conduct and by our Company Values: Integrity, Safety, Honesty, Engagement, Responsibility and Performance. These ...

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TODD SMITH: Alexa, you are a Super Bowl winner!

Alexa may have lost her voice, but she found gold in the Super Bowl ad game. Amazon’s “Alexa Loses Her Voice” spot was named most entertaining and best overall among marketing pros surveyed by Morning Consult for Ad Age’s first Super Bowl ranking — measuring not just entertainment value but brand effectiveness. The Amazon ad also topped USA TODAY’S annual ...

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Analysis: Senators argue over state tax diversion to cities

Democratic Sen. Hob Bryan of Amory is generally regarded as one of the smartest people in the Mississippi Capitol, even by those who oppose him ideologically and those who roll their eyes at his occasional finger-pointing, vein-popping rants about public policy. The 65-year-old attorney earned his law degree at the University of Virginia. He has served in the state Senate since January ...

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