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Banking & Finance

CMI shows continued weakness

COLUMBIA, Md. — After six months of solid gains, the Credit Managers’ Index (CMI) showed slower progress and registered declines in key indicators. There was still some positive movement in the Index as a whole, but there are obvious weaknesses showing up in terms of credit availability, credit applications and sales. The CMI showed a dramatic decline from the levels ...

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BP discovery in Gulf may be one of largest in U.S.

NEW YORK — Nearly seven miles below the Gulf of Mexico, oil company BP has tapped into a vast pool of crude after digging the deepest oil well in the world. The Tiber Prospect is expected to rank among the largest petroleum discoveries in the United States, potentially producing half as much crude in a day as Alaska’s famous North ...

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SBA launches new training course

WASHINGTON — The U.S. Small Business Administration (SBA) has launched a new online training course to help strengthen access to contracting opportunities for small businesses, including those owned by women, minorities, disadvantaged individuals and veterans. The training course, “Recovery Act Opportunities: How to Win Federal Contracts,” is part of a federal government-wide initiative announced last month by President Obama and ...

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Bankruptcy judge to decide tax dispute

BATESVILLE – A federal bankruptcy judge will decide whether the city of Batesville and Panola County can collect property taxes from the bankrupt Tri-Lakes Medical Center. U.S. Bankruptcy Judge David W. Houston III wrapped up a hearing this past week. Houston told attorneys for both sides that he will rule in the case in about a month. The city and ...

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What healthcare entities need to know about HIPAA

On Feb. 17, 2009, the American Recovery and Reinvestment Act of 2009 (“ARRA”) was signed into law, greatly expanding the existing federal regulations on health information technology.  Title XIII of the ARRA includes the Health Information Technology for Economic and Clinical Health Act, also known as the HITECH Act.  The HITECH Act increases the enforcement of penalties for violations of ...

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Block Grant funds will provide assortment of projects

Good things are set to happen all over the state with additional Community Development Block Grant (CDBG) funds received through the federal Recovery Act. The state’s funds of $8,071,701 are being administered through the Mississippi Development Authority’s Community Services Division. Division director Steve Hardin stresses that Mississippi’s plan for spending these CDBG funds has been submitted to the U.S. Department ...

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Mississippi poised to receive more than $2 billion

As a result of President Barack Obama’s American Recovery and Reinvestment Act pouring an unprecedented $787 billion into the United States economy, an estimated $2.8 billion of those stimulus funds is projected for the State of Mississippi for a variety of needs, including healthcare, transportation and public education. Several areas in the state expected to receive money include: n $484.1 ...

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Recovery act gives SBA tools to boost small business

The Obama Administration and SBA are determined to employ the American Recovery and Reinvestment Act (Recovery Act) in an effort to make a big dent in the small business credit crunch and jump-starting job creation, re-starting lending and promoting investment in small businesses.  The impact from some of these programs is already being realized.  The Recovery Act provides SBA $375 ...

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Focus on projects that can be classified as ‘shovel-ready’

The current level of interest in federal grants is unprecedented. With the nationwide recovery program promising to distribute billions in every sector of the economy from healthcare, to education, energy, infrastructure and beyond, the possibilities are many, and the competition is steep.  The first key toward successful funding under the American Recovery and Reinvestment Act (ARRA) is to focus on ...

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Schools have rare opportunity for investment

According to the most recent data from the National Assessment for Educational Progress, or NAEP, Mississippi’s students lagged sorely behind the national averages. Furthermore, Mississippi is repeatedly criticized for having lower statewide expectations compared to national standards. As an example, while Mississippi’s fourth-grade reading scores in 2007 indicated that 90 percent of students were performing at grade level, NAEP results ...

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