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BILL CRAWFORD — Usury proscriptions forgotten in Mississippi

Living in a very Christian state, most Mississippians should remember the biblical proscriptions on usury.   Here’s one: “Thou hast taken usury and increase, and thou hast greedily gained of thy neighbors by extortion, and has forgotten me, saith the Lord God.” (Ezekiel 22:12)   Many Mississippi leaders have forgotten.   Once Mississippi’s maximum annual finance charge was 8%. Anything ...

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BILL CRAWFORD — PERS sees taxpayers as their evergreen money tree

The PERS Board of Trustees seemed happy after hearing from their actuary. The funded ratio for PERS increased and investment returns were up.   So, are things turning up for PERS?   Only if you don’t mind your pocketbook getting raided.   Here’s the story. As the actuary report highlighted, PERS’ funded ratio moved from 61.1% to 61.8% (the minimum ...

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Higher tax withholdings point to more jobs filled; Mississippi sectors index shows gains

By TED CARTER The value of an index tracking Mississippi’s key business sectors rose a full 1 percent in August, maintaining an upward trend that began five months ago, state economists said in the October “Mississippi Business Report.” The growth in value tracked in the Mississippi Lead Index, or MLI, occurred in all sectors other than manufacturing, said Corey Miller, ...

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Shares plunge after Cal-Maine fails to meet expectations

By JACK WEATHERLY Cal-Maine Foods Inc. reported on Monday that its net income for the fiscal first quarter was $12.4 million, or 26 per share, compared with a loss of $16 million, or 33 cents per share, a year earlier. Net sales for the quarter that ended on Sept. 1 was $340.6 million, 29.6 percent increase ove $262.8 million. Despite ...

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Bomgar to make acquisition

MBJ staff Bomgar, a global leader in privileged access management solutions, has signed a definitive agreement to acquire BeyondTrust, a global leader in privilege-centric security, from an affiliate of Veritas Capital. The combined company, which will be called BeyondTrust, brings together innovators with a shared mission of helping customers defend themselves from cyber-attacks while increasing productivity. Bomgar was founded by ...

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Convenience stores expect boost from Mississippi lottery

By TED CARTER Mississippi’s convenience store operators have heard the cautions that some of the money customers previously spent on dish soap, soda and bread will be diverted to lottery tickets. But the prospect of making a nickel or more on each one-dollar ticket has the retailers saying, “Bring it on.” Philip Chamblee, head of the Mississippi Petroleum Marketers and ...

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Analysis: Mississippi in line for savings account boost

JEFF AMY Mississippi may be making its first big deposit into its savings account in several years, but state government is still lacks enough savings to ride out a substantial downtown in revenues. The Department of Finance and Administration is still in the process of closing the books on the year ended June 30, but spokesman Chuck McIntosh said the ...

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Credit rater takes brighter view of Mississippi finances

One of the nation’s three main credit rating agencies is feeling a little more confident about Mississippi’s financial picture. Standard & Poor’s Financial Services on Friday removed its negative outlook on Mississippi’s debt, instead raising the outlook to stable. Mississippi remains rated AA by Standard & Poor’s. Credit ratings can influence how much the state has to pay in interest ...

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New law lets Mississippi invest in bonds issued by Israel

A new Mississippi law will allow the state treasury to invest up to $20 million in bonds issued by Israel. Republican Gov. Phil Bryant, who has traveled to Israel several times, signed Senate Bill 2051 Tuesday. The law takes effect July 1. It will authorize Mississippi to use excess general funds to invest in Israeli bonds. Investments must be made in U.S. ...

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