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BILL CRAWFORD: Republicans struggle to find smart way to budget

Starving the beast” is a popular conservative approach to governance. “If they (legislators) don’t have the money, they can’t spend it,” one Republican operative explained, strongly endorsing this approach.    True enough, but as another longtime Mississippi leader told me, “‘Starve the beast’ is not a smart way to govern, in fact, it isn’t governing at all.”   Also true. ...

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State’s raids on rainy-day fund raise red flag, Moody’s warns

State Treasurer Fitch calls report to investors ‘a shot across the bow’ for legislative leaders    By TED CARTER Gov. Phil Bryant’s three draws from Mississippi’s reserve fund have left the fund at its lowest level in 13 years and led Moody’s Investor Services to warn investors the state’s fiscal position is weakening. Moody’s July 11 report characterized the drawdowns ...

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Dow Jones industrial average closes at a record high

The stock market reached another milestone Tuesday as the Dow Jones industrial average closed at a record high. A day earlier, the broader Standard & Poor’s 500, a widely used benchmark for index funds, also reached a record-high close. Both indexes beat peaks set in May 2015. The Dow, which is made up of just 30 stocks, is an older ...

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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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US stocks near highest in a year on strong June jobs report

Stocks are rising Friday afternoon following a U.S. jobs report that was much stronger than expected. That was a relief for the market after a weak report for May made some investors worry the U.S. economy is slowing down. Stocks are on track for their highest finish in almost a year. KEEPING SCORE: The Dow Jones industrial average surged 249 ...

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Global stocks rise as central banks counter UK turmoil

Global stocks mostly rose Friday as authorities stepped in to ease the uncertainty surrounding the British vote to leave the European Union. Investors flocked to equities in the face of narrowing choices for investments amid low or negative interest rates on many bonds. KEEPING SCORE: Britain’s FTSE 100 was up 0.5 percent at 6,537 and Germany’s DAX added 0.3 percent ...

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LAW ELEVATED — Getting your company in shape for sale

How does a business owner prepare his or her company for sale? What steps in preparing for a sale are most important? When should preparations for sale begin? Is it worth the cost? These questions often vex business owners as they first consider a potential sale. While there is no one-size-fits-all approach, there are basic precepts to consider before beginning ...

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Stocks, pound fall again due to UK vote uncertainty

U.S. stocks indexes headed toward a sharply lower close in late-afternoon trading Monday, reflecting ongoing investor jitters over the fallout of Britain’s vote to leave the European Union. European stock markets extended their losses from Friday. The British pound, which last week plunged to its lowest level since 1985, continued to fall as traders expected the British economy would take ...

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Markets reel as world absorbs shock of UK vote for Brexit

» The Dow Jones industrial average dropped 611 points, or 3.4 percent, its biggest fall since August Britain has jumped. Now it is wildly searching for the parachute. The U.K.’s unprecedented decision to leave the European Union sent shockwaves through the country and around the world Friday, rocking financial markets, toppling Prime Minister David Cameron and even threatening the ties ...

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