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MBJ FEATURE

Let the (political) games begin

State lawmakers face stiff challenge in hammering out state budget agreement There will be an 800-pound gorilla lingering in the Capitol when lawmakers convene this week to start the 2010 legislative session, and it will be made of money. The state will have roughly $4.48 billion to dole out to state agencies and departments in fiscal year 2011, whose spending ...

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Farmers' hopes dim

House doesn’t act on disaster relief bill While lawmakers in both houses of Congress managed to hammer out healthcare reform legislation before the Christmas break, some “ailing” Mississippians — the agriculture community — were left wondering if any help was coming their way. Certainly, the current prognosis is bleak. The U.S. House of Representatives left Washington without passing disaster assistance ...

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United Healthcare set to take over CHIP

Approximately 67,000 Mississippi children currently are enrolled in the program The state’s youth healthcare program will have a new insurance provider beginning at midnight on Jan. 1, 2010. Approximately 67,000 Mississippi children currently enrolled in the Children’s Health Insurance Program (CHIP) administered by the state division of Medicaid will transfer to coverage provided by UnitedHealthcare of Mississippi. Blue Cross Blue ...

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Many are sold on need to convert to Roth IRA

  To convert or not to convert – that is the question many investors are asking themselves as 2010 approaches. Beginning Jan. 1, traditional IRA owners will have the opportunity to convert their investment into a Roth IRA, a form of IRA in which the contributions are not dedicated for income tax purposes, but the withdrawals are tax-free. Unless Congress ...

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Create jobs through energy savings

Twenty-five companies from across the state have been awarded federal funding totaling more than $5 million for energy-efficiency projects, all in the name of job creation and retention. It may sound strange, but the premise behind the program is turn off a light, save a job. Earlier this month, the Mississippi Development Authority (MDA) announced the round-one awardees under the ...

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National gas forecast is flat

Mississippi Power Company provides internal forecasts to PSC, but out of public view After an attempt to keep updated natural gas price forecasts out of the upcoming Public Service Commission hearings regarding the proposed Kemper County plant, Mississippi Power Company has filed the data confidentially with the Commission. MPC has said high and volatile natural gas prices make the economic ...

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New plant would more than double Miss. Power’s assets

Mississippi Power Company’s Kemper County lignite coal plant is the largest proposed addition to any electric utility rate base in state history. Financing it would require customers to pre-pay some of the company’s costs through Construction Work in Progress (CWIP) in rate base, which would be a first for Mississippi. The proposed plant would more than double Mississippi Power Company’s ...

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Toyota says no; history says yes

  On Dec. 3, the Japanese newspaper the Nikkei reported that Toyota had made the decision to begin equipping its plant in Blue Springs with the hopes of it starting operation in the spring of 2011. The plant, the newspaper said, would initially produce 100,000 Corolla cars annually, and would eventually make the Prius hybrid. It was the news folks ...

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CottonMill project hits another snag (Update)

Mississippi State officials will not comment on $176-million deal moving forward   The 107-year-old E.E. Cooley Building right across from the campus of Mississippi State University started out as a cotton mill and currently houses MSU’s physical plant. There are bigger plans for the building, but they will move forward without one of the developers of the CottonMill Marketplace, a ...

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Confuse & Conquer

Evans brothers commercial real estate parceling dazed lenders Since two Jackson metro area brothers were sued by a Madison title insurance company for allegedly perpetrating commercial real estate and title insurance fraud, parties have worked to unravel the alleged scheme and speculated on the way the alleged fraud occurred. Mississippi Valley Title Insurance Company (MVT) filed its first lawsuit against ...

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