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MBJ FEATURE

BILL CRAWFORD: A Peek behind Legislative leaders’ spending rhetoric

Lt. Gov. Tate Reeves and House Speaker Philip Gunn are touting their great success this year in holding down the cost of government.    “We Republicans have campaigned for many, many years that we are for living within our means, we are for controlling spending, we are for reducing the size of government,” Gunn told reporters according to the Associated ...

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UPDATE: Appeal coming after ruling in favor of Costco plan

  By JACK WEATHERLY Madison County Circuit Court Judge John Emfinger ruled Friday that developers could move forward with plans to build a Costco Wholesale store on the Highland Colony Parkway – a plan hotly contested by homeowners. On Monday, Sheldon Alston, attorney for the nine plaintiffs, said the ruling will be appealed to the state Supreme Court.  Emfinger held a ...

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Camp Shelby at 100 still packs a wallop for defense and the economy

By BECKY GILLETTE Each year more than twice the number of members of the military train at Camp Shelby than there are residents of Hattiesburg, population 47,566. About 125,000 people train annually there, with about 60 percent coming from the National Guard, and the remainder from the active military services including the Army, Navy, Marines and Coast Guard. That pumps ...

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Spreading fake news can result in fraud charges, SEC says

By BECKY GILLETTE On April 10 the Securities Exchange Commission  issued warnings for investors to be aware of fake news designed to drive up a company’s stock price. “When you read an article on an investment research website, be aware that the article may not be objective and independent,” the SEC said in an alert to investors. “For example, the ...

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State bankers say Trump effect is positive

By CALLIE DANIELS BRYANT Some Mississippi bankers are confident the Trump administration will have a much-needed impact on public banks.  Several have already witnessed a rise in stocks since election day. “The effect (of the new presidential administration) has been extremely positive,” said Hoppy Cole, president and CEO of The First, a national banking association. “We are a publicly-traded company, ...

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Oxford-based company starts graphene association

By JACK WEATHERLY Graphene is the strongest and thinnest material in the world, and an Oxford-based company, New Media Lab LLC, aims to promote its commercial applications by forming the National Graphene Association (NGA). Graphene will eventually find its way into almost every field and will affect many facets of human life, including energy storage, electronics, smart textiles, sensors, medical ...

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TODD SMITH — Tesla stock races past GM, Ford as most valuable

Tesla Inc. – the sleek, high-end electric carp company – has surpassed General Motors Co. to become America’s most valuable car brand, eclipsing a company whose well being was once viewed as interdependent with the nation’s. A week after topping Ford Motor Co., Tesla climbed 3.3 percent last week, lifting its market capitalization to $50.9 billion. Tesla ended last Monday ...

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Jason Bailey named MBJ’s Under 40 Person of the Year

Jason Bailey, owner  and CEO of Summit Management Services, was named Mississippi’s Under 40 Person of the Year for 2017 Thursday by the Mississippi Business Journal at an event at the Old Capitol Inn in Downtown Jackson. Bailey has been owner and CEO of Summit Mangement Services, a property management service in Oxford, since 2009. He is responsible for day-to-day ...

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Regions plans $23 million Hattiesburg facility, 90 more jobs

By JACK WEATHERLY Regions Bank announced Monday that it will build a 75,000-square-foot operations center in Hattiesburg at a cost of $23 million and add 90 jobs. The facility will accommodate employees now working in three locations in downtown Hattiesburg, the bank said in a news release. Birmingham-based Regions Financial Corp. is by far the largest bank operating in Mississippi, ...

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BILL CRAWFORD — Public contract reforms unsung but epic

As the dismal saga of bribery and extortion swirling around former Commissioner Chris Epps and Mississippi Department of Corrections contracts continues to make headlines, epic reforms to the public contracting process slipped through the Legislature with scant media attention.    Longtime champion of contract reform Representative Jerry Turner passed legislation that completely revamps the public contract review board and tightens ...

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