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Economy

Cuba opportunities, pitfalls dominate MDA trade summit

By JACK WEATHERLY The Republic of Cuba was depicted as a land of opportunity for Mississippi businesses, though with a heightened sense of risk. About 150 people attended the “Doing Business in Cuba Summit” on Thursday at the South Warehouse in Jackson. Speakers at the Mississippi Development Authority event told of a country struggling to emerge from more than a half-century ...

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Study finds state’s revenue growth slowing

By BOBBY HARRISON Despite the fact that Gov. Phil Bryant and legislators have been struggling with declining tax revenue and budget cuts, Mississippi is one of 29 states where collections, when adjusted for inflation, have rebounded to new peaks since what is known as the Great Recession of 2008-09. A report by the Pew Charitable Trust, released earlier this month, ...

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Piccadillys in Jackson undergoing $1M upgrade

By JACK WEATHERLY  Piccadilly Cafeterias has gone through some hard times, and now as a more streamlined chain, it is re-invigorating its operations. It is investing $1 million in its two Jackson stores, for example, primarily the flagship property in Lefleur’s Gallery on the Interstate 55 North Frontage Road, along with the one in the Robinson Road Shopping Center in ...

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Auctioneer, oil field service firm watch price of crude

By JACK WEATHERLY In the past two years, coinciding with the downturn in oil and natural gas exploration in the country, equipment sales have grown to 15 to 20 percent of Jeff Martin Auctions’ business. Owner Jeff Martin declined to reveal the revenues for his operation in Brooklyn, Miss., near Hattiesburg, but said it has become the largest such auction ...

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Mississippi economic growth continues, but slower

By JACK WEATHERLY Mississippi is on track to have its second consecutive year of growth in its gross domestic product, though the outlook has cooled in the first half of 2016. Two straight years of growth would be the first since 2008, when the national recession started, according to a report from the Mississippi Institutions of Higher Learning’s University Research ...

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TODD SMITH: Newspaper ads triple campaign success

Forget their differing opinions on marriage, home ownership, and politics – the most telling differences between younger and older generations is how they prefer to get their news. A new Pew Research Center’s survey on modern news consumption trends, conducted in partnership with the Knight Foundation, shows that, when it comes to news consumption, the old and young look very ...

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BILL CRAWFORD: 2016 puts Reeves’ fiscal credibility at risk

Lieutenant Gov. Tate Reeves has put his fiscal credibility on the line.    The former investment banker told voters in 2011 he was “a true, proven fiscal conservative with a record of executive leadership who will take the difficult stance necessary to ensure our state makes the right financial decisions.”    Reeves appeared to make the right financial decisions during his ...

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Taking the longer view on Brexit impact on Mississippi

By JACK WEATHERLY The United Kingdom’s decision to leave the European Union shook up world stock markets and sent the British pound plummeting. But the longer view seems to be the relevant thing to do with regard to Mississippi. The UK is one of Mississippi’s import partners, though not one of the biggest, ranking 17th in 2015 in terms of value ...

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Oxford readies effort to replace departing Caterpillar

By JACK WEATHERLY Oxford already has its net out to snag a tenant when Caterpillar Inc. flies away. “Project Butterfly,” a play on the departing manufacturer’s name, is what the Oxford-Lafayette County Economic Development Foundation, calls its effort. “It’s a mission to (fill) the Caterpillar facility as rapidly as possible,” Jon Maynard, president and chief executive of the foundation, said in ...

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HU MEENA — The Three Rs + C: Teaching computer code and critical thinking skills essential in 21st century

What was the last Wikipedia rabbit trail you traveled down? For me, I found myself reading about Johannes Gutenberg. You know, the 14th century German printing press guy. Gutenberg arguably created the most important invention of the second millennium. With the printing press, Gutenberg played a key role in the dawn of the Renaissance, the Reformation, the Age of Enlightenment, ...

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