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Tag Archives: MBJ FEATURE

RETIREMENT VERDICT — Study panel says report is prescription for sustaining state public workers’ retirement

The strategy is to structure benefits consistent with a  policy that encourages workers to stay on the job until age 62 “All the cards are on the table face up.” So went the pronouncement of Gov. Haley Barbour last week in detailing a 40-page report that calls for saving over $100 million annually in taxpayer contributions to the Public Employees ...

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THE BUSINESS OF FEAR

Vicksburg’s Washington Street retailers confront threats real and imagined Last week on Vicksburg’s Washington Street retail corridor, two different kinds of fears were taking hold. One sprung from lost business due to tourist fears about the coming Mississippi River flood, which is expected to be the worst since 1927. The other dealt with a more tangible threat – the River ...

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Cash is newest historic preservation incentive

Mississippi legislators say legislation passed this session will put more money into historic preservation and at the same time save the state money. The new law returns $250,000 to developers for every $1 million invested in a qualified historic preservation project. The measure caps allocations at $60 million, though legislators involved in formulating the bill do not expect the outlays ...

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No longer languishing?

Jackson’s Old Capitol Green District seems to make it to the starting line only to stall there. A recession that won’t go away as well as the massive scope and costs have created doubts the district will be transformed into a $1.1-billion mix-use community anytime soon. But a key executive of Full Spectrum of New York’s development team insists financing ...

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PGA’s Resort Classic returns to Fallen Oak

Unique funding model with four casinos makes PGA Champions Tour event possible Casinos on the Mississippi Gulf Coast usually are not much into collaboration with each other. The Mississippi Gulf Resort Classic is a noted exception. This week will mark the second consecutive year that four competing casino resorts — the Beau Rivage, IP Biloxi, Hard Rock Biloxi and the ...

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Something real, or is it a bubble?

Higher crop prices and steady increases in land rents and values have Mississippi farm owners believing their fortunes have turned. But recollections of the cropland boom and bust of the 1980s keep their enthusiasm in check. For one Washington County farmer who works several thousand acres, the new prosperity is a mere offset to the bad years. “The farmer needs ...

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Betting the farm

While the escalation in farmland values in the Midwest has gained national attention, Mississippi agricultural land has had a less-noticed run-up of its own. From 2009 through 2010, Mississippi’s cropland rose 5 percent in value, keeping pace with Missouri and Kansas and outpacing Illinois (3.2 percent) and Iowa (1.2 percent), the U.S. Department of Agriculture reported. Mississippi per-acre prices still ...

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Foreclosure settlement could aid underwater Mississippians

A proposed $20-billion settlement to an investigation of fraudulent mortgage foreclosure practices across the nation could help underwater borrowers in Mississippi hang on to their homes through write downs on principal balances. But the wider price could involve a block to the state bringing further legal action on related foreclosure wrongdoings. Mississippi Attorney General Jim Hood has been part of ...

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Retailer sees cap delay as another bailout of banks

As Indianola convenience store chain owner Walton Gresham sees it, the debate over whether to limit swipe-card fees comes down to whether Congress wants to provide an economic stimulus to businesses like his or give more charity to the banks that issue the cards. Last Wednesday, he had a name for the bill a bi-partisan group of U.S. senators introduced ...

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Agent issues

A bill that seeks to curtail the activities of rogue athlete agents and expand Secretary of State Delbert Hosemann’s power to investigate them is headed to conference committee. House Bill 1190 was one piece of Hosemann’s business reform legislative package. At the center of the disagreement between the House and Senate is each chamber’s definition of an agent and the ...

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