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MBJ FEATURE

John Allison: A 40-year banking legacy

With combat in Vietnam behind him, John Allison came home to Mississippi in search of a new challenge. He found it at the state Department of Banking and Consumer Finance – industry expansions, contractions, booms and busts and everything in between. Allison retires Friday and takes with him an institutional memory that accounts for the 40 of the banking department’s ...

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PSC may curb private jet costs

The Mississippi Public Service Commission is considering amending a rule that would prohibit utilities from being allowed to charge customers for private jet expenses that are above costs of “coach” travel. Commissioner Brandon Presley made a motion to open a docket to amend the rule in July after Mississippi Power Company asked the Commission’s permission to charge customers for $900,000 ...

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Post-flood levee repair, and its funding, is getting lots of attention

Another phase of the recovery from the historic spring flood has started – the race to repair and rebuild the levee system that was strained by the high water, and the political process to pay for it. Relentless spring rainfall in the Lower Mississippi Valley combined with annual snow melt in the upper Midwest filled the Mississippi River with more ...

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Speed not conceding in fight against eminent domain

Things haven’t been going Leland Speed’s way in his court challenges to a proposed amendment to the state constitution that would curb Mississippi’s power to take private property for large economic development projects But don’t look for Speed, a real estate executive and interim Mississippi Development Authority chief, to walk away from the fight. “I’m inclined to go forward,” said ...

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Parkway’s Mississippi magic kingdom in flux

Parkway Properties’ headquarters will remain in Jackson at least for now, and a new Orlando, Fla.-based CEO will take the company’s reins Jan. 1. About 100 days after its combination with Eola Capital LLC, Parkway Properties Inc. announced CEO Steve Rogers’ retirement and succession by Eola chairman and Parkway board chairman Jim Heistand, who will remain in Orlando. >>> SEE ...

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Public land in Delta impacted by river flood

Every year, hunters flock to the Delta to take advantage of some of the best public hunting land in the state offered by the Mississippi Department of Wildlife, Fisheries & Parks’ wildlife management areas (WMAs) and the U.S. Fish & Wildlife Service’s Theodore Roosevelt National Wildlife Refuge Complex. This year, however, hunters are wondering if they should find somewhere else ...

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State law, FEMA rules diverge on flood mitigation ordinance

An opinion issued last month by Attorney General Jim Hood reveals a discrepancy between state law and regulations set by the Federal Emergency Management Agency regarding the application of the Flood Mitigation Ordinance that is a big part of the National Flood Insurance Program. Hood’s opinion, issued Aug. 17, says there is a provision in Mississippi law that allows for ...

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‘He will be missed’

Award-winning newspaper writer and editor. Entrepreneur. Aide to leaders in the public sector. Community activist. James L. “Buddy” Bynum was all of these things. A former editor and co-owner of the Mississippi Business Journal, Bynum died of pancreatic cancer Sept. 3 at his home in Ridgeland. He was 59. “Buddy was a serious, capable journalist who never lost sight of ...

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Study: Mississippi spends $154 million per year on teen pregnancy

Mississippi’s teen pregnancies cost taxpayers more than $154 million annually, a new study says, the greatest losses occurring due to lost tax revenues, incarceration and foster care. The state has the highest rate of teen pregnancies nationwide, and reducing that percentage is now the top priority of the Women’s Fund of Mississippi, the group that released the study conducted by ...

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