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MBJ FEATURE

Cal-Maine records $26.1 million loss for quarter after settlement

By JACK WEATHERLY Cal-Maine Foods suffered a net loss of $26.1 million, or 54 cents per share, for the second fiscal quarter of 2018 in which the Jackson-based egg producer recorded a $52.8 million after-tax antitrust settlement. The settlement stems from a Sept. 25, 2008 consolidated suit case filed in the U.S. District Court for the Eastern District of Pennsylvania. Excluding ...

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BILL CRAWFORD — Local government at risk from online sales, store closings

Stagnant tax policies and anti-tax fervor coupled with the Legislature’s inattention to changing business patterns will play havoc with local government financing over the coming years.    Here’s the backdrop.   Municipal finances depend heavily on sales taxes that the state collects and shares with communities where the sales occur. Growing online sales by Amazon, Wal-Mart, and other major retailers ...

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When lawyers stumble … help comes from a source that won’t judge

By NASH NUNNERY Forget stereotypes – being a lawyer isn’t quite as glamorous as Hollywood portrays it to be. Television legal drama ‘Suits’ or 1990s hit series ‘LA Law’ might make for must-see Netflix viewing but the practice of law can be demanding and exceedingly stressful. Work days stretch into work nights. Demand to meet the firm’s billable hours quota ...

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Mississippi less taxing for retirees

By BECKY GILLETTE Mississippi has been named the No. 4 most-friendly tax state for retirees by Kiplinger’s Personal Finance in the recently released 2017 Retire Tax Map which looks at the most and least tax-friendly states for retirees across all 50 states. Sandra Block, senior editor, Kiplinger’s Personal Finance, said one reason Mississippi scores so high for being tax friendly ...

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TODD SMITH — Google’s top searches of 2017 included Matt Lauer, Hurricane Irma, Tom Petty, Las Vegas shooting

In 2017, you wanted to know more about one of the most powerful storms on record, the devastating Hurricane Irma. But you were also curious about Cardi B. and Unicorn Frappuccinos. Google’s annual list of the most popular searches is here, offering a peek into what people are really thinking about. Like 2017 itself, this year’s top searches skew a ...

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BILL CRAWFORD – New Year Economy Pivotal for Republican Leaders

The New Year promises to be a pivotal year for Republican leaders in Mississippi. With “job creation” tax cuts in place at both the state and federal levels, voters will be looking for Mississippi’s moribund economy to take off  But, that’s not what Mississippi’s state economist Dr. Darrin Webb forecasts. “Mississippi’s growth will not catch the national growth” in the ...

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Chawla family: construction to resume on Cleveland hotel

By JACK WEATHERLY Chawla Hotels has answered reports that its most ambitious hotel project in the Delta has been stalled for months with reassurances that the $21 million project in Cleveland is still on go. Since the Delta-based hotel operation signed a deal with the Trump hotel organization in June on the Cleveland hotel – originally called the Lyric and now ...

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Fuse.Cloud’s Gary Watts named MBJ’s 2017 Business Person of the Year

By JACK WEATHERLY Twenty years ago, Jackson was one of the world’s telecommunications centers. WorldCom had spun its magic and bedazzled Wall Street. How could a company in a Southern city not known for cutting-edge technology do that? The eventual and ultimate answer was – it cheated. Mississippi folk hero Bernie Ebbers wound up in prison, perhaps for the rest of ...

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BILL CRAWFORD — The real stuff of Christmas

Christmas morning for the kids is such a happy time as they exclaim over all kinds of stuff under ornamented trees or poking out of stuffed stockings.   The Christmas season is a miraculous time for retailers. More and more businesses are saved by shoppers buying Christmas stuff every year.    Of course, the real miracle of Christmas is not ...

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Film industry takes a hit after incentive scrapped

By JACK WEATHERLY Don’t go by the Mississippi Film Studios to catch a glimpse of movie star. The 43,000-square-foot purpose-built facility in Canton, which dates to the 1996 movie “A Time to Kill,” based on the John Grisham novel, will become a “bath balm” factory. Rick Moore, who bought the facility three years ago, shut down operations Sept. 1, he ...

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