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Posts Tagged ‘Bill Luckett’

Netflix is taking the bull by the horns while newspapers wait for their base readers to die

September 20th, 2011 Comments off

In a recent blog post, I found it interesting what one media observer related about the newspaper industry in a comparison with Netflix …

Unfortunately for newspapers and other publishers with legacy businesses, they have to make the transition somehow, and the glacial pace that most of the industry has taken — which amounts to waiting for existing print subscribers to die of natural causes and thereby solve the problem — isn’t really cutting it. They can change quickly and risk the kind of customer uproar that Netflix is experiencing, or they can move slowly and be disrupted. At least Netflix is trying to disrupt itself instead of waiting for someone else to do it.

You can read the entire blog post here.

Where will our rank be after the next four years?

September 15th, 2011 1 comment

Bob Barker

Taking a page from the “Price is Right” game show, maybe the Oct. 14 gubernatorial debate at The Mississippi College School of Law should be named “The Rank is Right.”
When gubernatorial candidates Republican Lt. Gov. Phil Bryant and Hattiesburg Democratic Mayor Johnny DuPree square off in Jackson, the scheduled 90-minute, made-for-TV event could be boiled down to three questions.
>> Mississippi is currently ranked 50th in the country in healthcare. Where will it be after your four years (then eight years) in office?
>> Mississippi is currently ranked 50th in the country in education. Where will it be after your four years (then eight years) in office?
>> Mississippi is currently ranked 50th in the country in per capita personal income. Where will it be after your four years (then eight years) in office?
No double talk. No long-winded, heart-tugging stories about children or old people or family values or Tea Party economics.
We just want short answers.
Responses should be no more than two numbers.
When asked the question, we will be looking for a response like, “42” or “35” or “27”.
It will be easy to keep score at a debate like this. Plus, after four years, there will be no doubt whether Candidate A or Candidate B has been successful during his time in office.
Maybe Bob Barker or Drew Carey could moderate.

Contact Mississippi Business Journal editor Ross Reily at ross.reily@msbusiness.com or (601) 364-1018

Barbour’s horse needs a trip to vet before he bets our money

September 2nd, 2011 Comments off

From the MBJ staff

Solar energy may be the wave of the future, but Mississippi should be careful where it comes to being an investor in new companies promising the moon — er, sun.
Evergreen Solar in Massachusetts went bankrupt last month, leaving that state hanging after an investment of more than $40 million of taxpayer dollars in the business.
Then, last week, solar panel maker Solyndra’s bankruptcy left stakeholders and industry observers wondering what the firm’s dramatic collapse will mean for the solar industry. At the same time Solyndra was announcing its bankruptcy, Gov. Haley Barbour was announcing his proposed deal to invest $75 million to bring Calisolar, of Sunnyvale, Calif., to Columbus. He said the company will create 951 direct full-time jobs with an average annual salary of $45,000 plus benefits. Calisolar’s Columbus facility will produce solar silicon.
Stion, which will make make thin-film solar panels in Hattiesburg, was awarded a $75-million loan from the Mississippi Legislature and plans a Sept. 16 ribbon cutting. The company says it feels comfortable in the marketplace with its thin-film technology.
By all accounts Solyndra was doing well, building a 1-million-square-foot factory and employing 1,100 workers to make its cylindrical CIGs solar panels.
But, while the company that “had been hailed as a poster child for the cleantech economy” fell apart, “its failure doesn’t spell the end for a robust solar market,” say investors and solar officials.
However, the company’s failure should make Mississippi officials much more leery about the millions of dollars they have doled out trying to bring jobs to a crippled Mississippi economy.
Mississippi has also awarded a large loan — $50 million — to solar company Twin Creeks, which will manufacture crystalline silicon solar panels in Senatobia. If Calisolar’s $75-million loan is approved, Mississippi’s total solar investment will come to $175 million.
You could say Barbour and other industry recruiters for Mississippi are damned if they do and damned if they don’t. Yet, there are still many serious questions that must be answered as we loan piles of money into alternative energy startups.
Alain Harrus, a venture capitalist with Crosslink Capital, which is invested in another government-backed solar company, Abound Solar, told the San Francisco Business Times that Solyndra was a well-run company, whose demise was inevitable.
“They executed as well as one can be expected to on this type of scale,” he said. “The technology — it’s a success. Commercially, they got caught in a down-slope on the pricing. At the end of the day you can’t ship things if it costs more to ship than what you can get money for.”
The fact that Solyndra did nearly everything correctly and still went bankrupt should be terrifying for Mississippians.
Investment in solar power shouldn’t stop, but we have to be very careful to make sure the money of all Mississippians is spent well and that government can see the forest for the trees.
The real question is, what is the forced liquidation value of these companies? Mississippians have a right to know. If these companies fail and a fire sale occurs, how could taxpayers recover compared to what they put in? If the numbers are close to the loans amounts, these might not be bad deals. If not, then we could be in serious trouble.

DuPree will be no pushover against Bryant in governor’s race

August 22nd, 2011 Comments off

The first time I ever met Johnny DuPree, he had been holding court in my office for about 30 minutes before I ever walked in the door.

Hattiesburg Mayor Johnny DuPree

One of our reporters was using my office for the interview, and when I walked in, I was in a hurry but didn’t want to be rude. I mean he was running for governor. I thought I would listen a couple of minutes, and then slip out the door with my briefcase.

Forty-five minutes later, I was having a philisophical conversation with the Hattiesburg mayor about education in Mississippi.

I was totally entralled. On education, at least, I wasn’t sure if all of his ideas would work, but I knew he would make a decision, if he were governor, and stick by it.

It was that day, I knew he would give Clarksdale atorney Bill Luckett a run for his money for the Democratic nomination for governor.

Hell, he might even win, I thought.

Well, last night, DupRee smoked Luckett in the Democratic runoff, becoming the first black candidate to win major-party nod for the state’s top job.

DuPree, 57, advances to the Nov. 8 general election to face Republican Lt. Gov. Phil Bryant, 56, of Brandon. Bryant already has spent $3.1 million on his campaign — more than twice as much as DuPree and Luckett, combined.

For months, Bryant has been all but given the throne to the kingdom, the heir apparent to Gov. Haley Barbour.

Bryant, may win — may win. But, it won’t be because DuPree isn’t a worthy opponent.

Don’t sit back and assume he won’t be there when the confetti cannon goes, because DuPree has come to play and he didn’t leave his ball at home.

Phil Bryant does it again

August 3rd, 2011 Comments off

In a video interview with the Mississippi Business Journal, Lt. Gov. Phil Bryant, whom we endorsed for governor, said he would like to see a new nuclear power plant at the Grand Gulf site in Mississippi.
Really?
Well, I would love to see a NASCAR track built in Mississippi, but I don’t have a plan in place to make that happen, and even if I did, it would take 20 or 30 years to get it done.
Oh, that was Phil that said he wanted a NASCAR track in Mississippi but offered no specifics on how to get it done?
Sorry.
Hey, I’ve got a great idea.
Since Monsanto is all about changing the natural order of seeds to make money, maybe the world’s largest loan shark would manipulate a seed so that it only produces money. Then, Mississippi could just grow money and not worry about anything else.
Oh yeah, Monsanto already did that.
It’s called the corn plant.

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New TV ad for Bill Luckett is a good one

July 19th, 2011 Comments off

If you like good, positive political advertising, check out the latest ad from Bill Luckett. … Good job.

When all is said and done, ‘Snarky’ Planet Money got it right

July 14th, 2011 Comments off

Adam Davidson, an NPR reporter on “Planet Money,” has received a pile of criticism for his look into the economic development industry, in which he finally concluded, “They are not creating jobs. They are just moving jobs around.”
From there, everyone became defensive and lost perspective as the story received a rebuttal by International Economic Development Council president Jeffrey A. Finkle and pointed criticism by NPR.
“This American Life” senior producer Julie Snyder and Davidson attended a meeting of the International Economic Developers Council in San Diego and came away saying, “Now we have this race to bottom: Who can cut back government services the most? Who can eliminate the most regulation?”
In his rebuttal, Finkle said, “I feel even more hurt by the piece as I rolled out the red carpet for you guys. It is as if I held a dinner party, invited you as guests, told everyone how important you were and then had you insult all of my guests.”
Ira Glass, the show’s host and one of its editors, lamented that the tone in the report had gotten out of hand and “that the tone was a bit snarky.”
But was the report accurate?
It is not the job of a reporter to make people feel warm and fuzzy; it is to report accurately with insight and perspective.
In this case, Davidson and Snyder lost their audience with a “snarky” tone, but when you dig beneath the surface, they had a point.
It did a great job discussing the “numbers” gaming aspects, short-term focus, and special interests of economic development organizations.
One urban planner commented that over years in the business, she is “frankly weary of boosterism.”
Many ED organizations out there are doing a fine job and in some forms in a tough economy, but the planner pointed out the she has experienced, “first hand the spin and lack of substance to many of the claims made in the field. I have been astonished at reports to the community claiming this or that ‘win.’ ”
My thought is there was a point made in the story, even if it was lost in the hurt feelings of those involved.
But the overwhelming point, which no one rebutted, was the conclusion of the report where Davidson noted, “education is the key and we are cutting off our legs by de-funding it from K to college.”
Sound like any place you know?

Contact Mississippi Business Journal editor Ross Reily at ross.reily@msbusiness.com or (601) 364-1018

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Homebuilders endorse Reeves for Lt. Governor

July 13th, 2011 1 comment

The Home Builders Association of Jackson has endorsed Tate Reeves’ candidacy for Lt. Governor. In an e-mail statement, President Wade Quin is credited with noting Reeve’s “experience as a conservative money manager” and his success “in protecting taxpayers as Mississippi’s State Treasurer.”

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Dupree charges, takes lead in MBJ Poll

July 13th, 2011 1 comment

You can decide whether it has anything to do with Congressman Bennie Thompson giving his endorsement yesterday, but Hatiesburg mayor Johnny Dupree has charged ahead of Clarksdale businessman Bill Luckett in the Mississippi Business Journal poll, which asks “Who will be the Democratic nominee for governor?” … Click here to see the results

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Luckett leads MBJ reader poll

July 12th, 2011 Comments off

Despite Johnny Dupree receiving an endorsement today from Congressman Bennie Thompson, Clarksdale businessman Bill Luckett leads a MBJ reader poll asking who will be the Democratic nominee for governor. Click here to see the results and vote.

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