Bankers should be prepared to raise more capital reserve money without looking for it in the places they are used to finding it. And in a first for the U.S. banking sector, bankers should prepare to pay interest on the “demand deposit” accounts held by businesses. Those are among the challenges the Dodd-Frank Wall Street [...] [...]
If proposed legislation being considered by Congress becomes law, the dream of home ownership will be a dream deferred for some and one increasingly illusive for others. Prospective homebuyers, lenders, Realtors and home builders are battling butterflies in their stomachs the size of 777 aircrafts over the proposed rules for “Qualified Residential Mortgages,” which would [...] [...]
by MBJ Staff Published: June 26,2011
Tags: agriculture, automobile industry, banking and finance, cap, casinos, Congress, construction, courts, disaster recovery, economic development, economy, education, employment, energy, environment, federal government, Gov. Haley Barbour, higher education, jobs, Lady Gaga, limit jury awards, manufacturing, oil and gas, oil spill, real estate, recession, state government, Tea Party, tort reform, transportation
Mississippi’s Supreme Court has been asked to decide whether it’s constitutional to limit how much a jury can award to an injured plaintiff in a lawsuit. How the court decides could have a huge impact on both economic development and medical services. Before Mississippi enacted two series of tort reforms less than a decade ago, [...] [...]
TUNICA — The Federal Aviation Administration (FAA) has approved a $1.01-million grant to support the construction of a new terminal building at the Tunica Municipal Airport. The FAA grant is for Phase 1B of construction for the new terminal building, which is designed to support scheduled passenger service, as well as existing charter service and [...] [...]
by MBJ Staff Published: June 5,2011
Tags: agriculture, automobile industry, banking and finance, Blueprint Mississippi Road Show, casinos, Congress, courts, disaster, disaster recovery, economic development, economy, education, employment, energy, environment, federal agency, federal government, Gov. Haley Barbour, healthcare, higher education, hospitality, investing, jobs, Lady Gaga, manufacturing, mergers and acquisitions, Mississippi Business Journal, Mississippi Economic Council, municipal government, offshore drilling, oil and gas, oil spill, publicly traded company, real estate, recession, retail, severe weather, state agency, state government, Tea Party, tourism, transportation, travel, unemployment, utilities, Weather
Nearly eight out of 10 Mississippi business leaders (79 percent) believe our state can experience the same type of economic success as other high-growth Southern states. That is according to a report on the results gathered during in the Mississippi Economic Council’s Blueprint Mississippi Road Show. More than 2,000 took part in the electronic voting [...] [...]
ACROSS MISSISSIPPI — Mississippi neither loses or gains a congressional seat based on the newly released U.S. Census figures. The state’s population only increased by 122,639 over the last decade. The U.S. Census Bureau released figures from the 2010 count on Tuesday. Some states, including Texas, Georgia and South Carolina has population growth that resulted [...] [...]
WASHINGTON — The U.S. Senate has approved the confirmation of Carlton Reeves of Jackson to be a U.S. District Court Judge for the Southern District of Mississippi. The Reeves nomination was approved by on a voice vote yesterday afternoon. Se. Thad Cochran (R-Miss.) and Sen. Roger Wicker (R-Miss.) supported Reeves’ nomination, introducing him to the [...] [...]
WASHINGTON — Rep. Steven Palazzo (R-Miss.) has been appointed to serve on three U.S. House committees when he takes office in January. Palazzo is a state House member who defeated longtime U.S. Rep. Gene Taylor, a Democrat, in November’s election. He says in a news release he will be a member of the Armed Services, [...] [...]
WASHINGTON — The Supreme Court has rejected an appeal that calls for greatly increasing the House of Representatives to reduce discrepancies in the population of congressional districts from one state to another. The justices yesterday ordered a lower federal court to dismiss a lawsuit from Mississippi. The suit said House districts vary widely in population, [...] [...]
Cleveland native Bill LaForge, a past national president of the Federal Bar Association, has issued a statement on the topic of earmarks that has become a national issue and rallying cry in the recent national elections. LaForge calls the efforts to eliminate earmarks as “shortsighted”, giving all of the budgeting power to the executive branch. [...] [...]
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