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Tag Archives: economy

9 years after recession began, Mississippi economy still stalled

Call them the unrecovered — a handful of states where job markets, nine years later, are still struggling back to where they were before the recession. That’s true in Mississippi, where job numbers and the overall size of the economy remain below 2008 levels. Unlike states that have long since sprinted ahead, Mississippi is struggling with slow economic growth and ...

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Gov. Bryant flips on trade pact since 2015

By JACK WEATHERLY Gov. Phil Bryant said in a December 2015 interview that he supported the United States joining the Trans-Pacific Partnership. “I hope it’s approved, and I hope that we’re a strong part of it,” Bryant told the Mississippi Business Journal. Yet Bryant, a staunch supporter of Donald J. Trump, who has since been elected president and “vetoed” America’s ...

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Official: Amazon to start charging tax on Mississippi sales

Mississippi’s chief tax collector has announced that internet retailing titan Amazon will collect Mississippi’s 7 percent sales tax beginning Feb. 1. “I appreciate Amazon for voluntarily stepping forward to collect the Mississippi sales tax,” Revenue Commissioner Herb Frierson said Tuesday in a statement. “I hope that other e-retailers will follow the lead of Amazon.” Those other sellers may not have ...

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World Bank forecasting brighter prospects for 2017

The World Bank is forecasting the global economy will accelerate slightly in 2017 after turning in the worst performance last year since the 2008 financial crisis. The 189-nation lending agency said Tuesday that the global growth should expand at a 2.7 percent annual rate this year. That is down from the bank’s June forecast for 2.8 percent growth this year, ...

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Dow hits another record as bank stocks continue to climb

U.S. stocks are rising Monday morning, led by gains in bank stocks, sending the Dow Jones industrial average to another record high. Other major indexes are also up but still below their own all-time highs. European stocks were mostly higher, but Italy’s market fell after Italian voters rejected constitutional changes, dealing a major setback to Premier Matteo Renzi. KEEPING SCORE: ...

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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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Deceptive phishing schemes target consumers

As criminals find new ways to commit identity theft and fraud, Attorney General Jim Hood today urged Mississippi consumers to use caution when receiving an email or text message that initially looks likes legitimate correspondence from a bank or business. The reminder comes at the same time some consumers were targets of an email purported to be from a Memphis-based ...

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Jackson confirms budget deficit, cuts ahead

The mayor of Jackson has suggested that the city needs to make cuts, as it has exhausted its fund balance and dipped into emergency reserves. The Clarion-Ledger reports that during a Thursday budget meeting Mayor Tony Yarber proposed cutting Summer Youth Employment Program, funding provided to outside agencies, non-essential purchase or travel requests and non-emergency overtime not previously approved. Yarber ...

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Mississippi continues ‘sluggish’ growth, economist says

JACKSON — The state economist says Mississippi continues to have “sluggish” growth that trails the Southeast and the nation as a whole. Darrin Webb tells lawmakers Wednesday that he expects data will show Mississippi’s economy grew about 1 percent in 2015, following two years of contraction. That compares to 2.4 percent growth last year for the nation — the same ...

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State’s economic growth to show 1 percent rise for 2015

By TED CARTER Not far removed from negative growth in 2013 and zero growth in 2014, Mississippi’s economy grew by an estimated 1 percent in 2015, economists with the Mississippi Research Center report. Even that slight amount of growth surprised state economists who looked at third quarter growth and projected a rise of only a half percentage point, according to the ...

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