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MBJ FEATURE

DAVID DALLAS: Apple Core, Baltimore

Protesters chant in front of police Monday, May 4, 2015, in Baltimore. Lt. Col. Melvin Russell said police pursued a man who was spotted on surveillance cameras and appeared to be armed with a handgun. Police said the man was taken into custody after a brief chase, during which a gunshot was heard. (Amy Davis/The Baltimore Sun via AP)

Baltimore has always been a favorite city of mine. When I was working and living in D.C., Baltimore was always a nice getaway. I spent some great summer weekends at old Memorial Stadium before it closed and Camden Yards right when it opened. I hung out in great little neighborhoods and wonderful, tiny, family-run restaurants. I had friends who were ...

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BILL CRAWFORD: McCullough will have hands full at MDA

Glenn McCullough / Photo by Thomas Wells from DJOURNAL.COM

Eminently qualified to head up the Mississippi Development Authority (MDA), Glenn McCullough won’t have a cakewalk.   Gov. Phil Bryant announced McCullough’s appointment last Thursday, saying, “He can build a consensus and get things done. We have great momentum in Mississippi, and Glenn will take that success to the next level.”   First, though, McCullough must grapple with budget and ...

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Regions must pay $7.5 million in fines over illegal overdraft fees

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By TED CARTER  The U.S. Consumer Financial Protection Bureau has hit Regions Bank, tops in market share among Mississippi banks, with a $7.5 million fine for “illegal actions” on over-draft fees. The CFPB has already forced the Alabama-based multi-state bank to refund customers $49 million in wrongfully collected overdraft charges. The enforcement action announced this week charges the $122-billion Regions ...

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Mississippian Glenn McCullough Jr. gets nod as new MDA chief

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By TED CARTER An executive search that never left Mississippi has led to the appointment of Glenn L. McCullough Jr., former mayor of Tupelo and chairman of the Tennessee Valley Authority board, as executive director of the Mississippi Development Authority. Speaking to luncheon guests at the Mississippi Economic Council’s annual meeting, Gov. Phil Bryant said he kept the search within ...

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Distressed mortgage borrowers get 6 extra months under new HUD rules

Stack Of Cash

By TED CARTER Homeowners who have fallen significantly behind on their mortgages are getting six additional months to stave off foreclosure, thanks to a new mandate from the U.S. Department of Housing and Urban Development. HUD, in rule changes announced last Friday, is requiring servicers of Federal Housing Administration-backed loans to delay foreclosure for a full year and to evaluate ...

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Sometimes it’s better to receive — U.S. gaining more China jobs than it’s losing

Manufacturing

By TED CARTER The newest assessment of the movement of jobs and investment back to the United States from oversees shows 2014 continued to tilt the jobs competition in the U.S.’s favor. But the United States is still three million to four million jobs short of regaining the number lost since the emergence of Asia, China in particular, as industrial giants. ...

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Bids on reworking Interstate 55 stretch are rejected

By JACK WEATHERLY The Mississippi Department of Transportation has rejected all design-build proposals submitted for the Interstate 55 project that is from the I- 20 interchange and Byram. “After reviewing bids received April 17, it was determined the lowest bid had several major errors and could not be awarded,” MDOT Executive Director Melinda McGrath said Friday in a news release. ...

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MARK BLACKWELL — Retirement planning: It isn’t just financial

Quality of life in retirement is about more than how much money you have saved or how much income you generate.  Those are certainly important factors, but AgeLab, a research program within Massachusetts Institute of Technology to study ageing, has identified additional risks that can also diminish the quality of life for the elderly.  AgeLab asserts that these risks must ...

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COMMERCIAL FINANCE 701: Permanent loans & other oxymora

  A n oxymoron – a clever figure of speech that seemingly contradicts itself – can be pretty amusing.  Jumbo shrimp.  Postal Service. Justice Ginsburg.  Devout atheist.  Unbiased opinion. One of our favorite finance-related oxymora is PERMANENT LOANS.  Our partner Roger Williams leads an active practice group specializing in permanent loans for multifamily properties.  But don’t be duped.  Permanent loans ...

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PHIL HARDWICK’S THE ALIBI, a serial novel: Chapter 1: The Break-in

» Jack Boulder, Mississippi’s premier private investigator, seeks to recover the special Brett Favre MVP exhibit that has been stolen from the Mississippi Sports Hall of Fame & Museum.   By PHIL HARDWICK   Chapter 1: The Break-in Early Saturday Morning, February 28, 2015 The Mississippi Sports Hall of Fame and Museum Jackson, Mississippi At precisely 4:04 A.M. the burglar ...

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