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Tag Archives: economics

BILL CRAWFORD: State leaders face hard choices for 2015

Happy New Year America!  With economic growth at 5%, gasoline prices below $2 a gallon, and unemployment below 6%, all is great.   Not so fast, as Lee Corso likes to say. Despite some football successes, everything is not great for Mississippi. Let’s get Corso’s pencil out and figure some numbers.   In Mississippi, year-over-year jobs were down 13,600 or ...

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Pearl ordering rental properties to retrofit with sprinklers, build storm shelters

Owners of Pearl’s multi-family rental complexes and mobile home parks have joined to fight a city mandate requiring rental property owners to install interior sprinklers in each rental unit and build storm shelters to accommodate each resident. Representatives of the owners say they face millions of dollars in retrofitting costs and displacement of tenants to meet the sprinkler mandate. Equally ...

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Hay to be in short supply due to weather, insect predation

ACROSS MISSISSIPPI — High demand for hay last winter, a wet spring and heavy insect pressure have all challenged the state’s pastureland, which means hay may be scarce this winter. Rocky Lemus, forage specialist with the Mississippi State University Extension Service, said these factors pushed the state’s hay inventories 20 percent lower than the three-year average. “The state had about ...

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Cochran runs ads against 'powerful interests'

WASHINGTON — Sen. Thad Cochran is running ads against “powerful interests” that are funneling millions of dollars to his challenger in the Republican primary. Two of those outside groups, meanwhile, are airing their own ads criticizing the six-term Mississippian. Cochran’s television ad released Monday says his GOP rival, Chris McDaniel, wouldn’t do anything to help Mississippi voters. The ad says ...

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MSU's ag economics department turns 100

STARKVILLE — A leading environmental economist will be the featured speaker Feb. 13 as Mississippi State University commemorates the centennial birthday of the agricultural economics department. University alumnus Richard T. Carson, now an economics professor at the University of California, San Diego, will speak at 2 p.m. in McCool Hall’s Taylor Auditorium. The event is free and open to all. ...

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Marianne Hill retires after tracking state economy for two decades

The logic of purposely dumping American grown wheat into the Gulf of Mexico while large parts of the world’s population starved didn’t compute for high school math whiz Marianne Hill. Her teacher’s short-form answer – the wheat dumping protected farmers in the Third World countries whose people were starving – equally befuddled Hill, who decided then to put her knack ...

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Joey Hudnall elected Mississippi Main Street Board President

JACKSON, Mississippi —  Joey Hudnall of Jackson-based Neel-Schaffer, Inc., was elected the 2013-2014 President of the Mississippi Main Street Association (MMSA) Board of Directors. He has served as Treasurer and Vice President on the executive committee since joining the board in 2011. The MMSA board is made up of a statewide group of business, government and community leaders. Barry Plunkett, ...

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State's tax collections come in under expectations

ACROSS MISSISSIPPI —  Mississippi tax collections were $46 million, or 8.2 percent, below the estimate for the month of April. Kathy Waterbury, a spokeswoman for the state Department of Revenue, said the majority of drop may be due to timing of receipts and processing. “We won’t know for certain until all of the income tax mail is opened and processed, ...

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Robinson receives promotion

Lee Robinson, lead economist of the Vicksburg District, was recently selected as the new lead economist for the Mississippi Valley Division. Robinson will be the lead for all economists throughout the six district offices in the Mississippi Valley Division. The Mississippi Valley Division is located in Vicksburg and oversees six district offices located in St. Paul, Minn.; Rock Island, Ill.; ...

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Economic study touts virtues of offshoring

Here’s a little something that might not go down easy for workers in Mississippi and elsewhere in the United States: Offshoring of jobs and the influx of immigrant labor into the country do not — on the whole — damage the U.S. labor force, says a new paper from the London School of Economics Center for Economic Performance. In fact, ...

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