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Tag Archives: money

Auditor demands more than $200,000 from chancery clerk

Mississippi’s state auditor is demanding that a southwest Mississippi official repay more than $200,000 to county government. State Auditor Shad White on Thursday released a report saying Lincoln County Chancery Clerk Tillmon Bishop needs to repay the money, The Daily Leader of Brookhaven reported. Auditors contend Bishop improperly paid eight employees with $163,000 in county money instead of fees collected ...

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BILL CRAWFORD: Monopolistic practices push drug prices higher

“The high cost of prescriptions are leading many people to ration medicine or skip it altogether,” reads a story in the Clarion-Ledger. An earlier story told about an 87-year-old WWII veteran with Type 2 diabetes. His glucose test strips suddenly jumped up from $25 to $90 a box. “That’s too high,” he said. “And I don’t understand how they can ...

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BILL CRAWFORD — Usury proscriptions forgotten in Mississippi

Living in a very Christian state, most Mississippians should remember the biblical proscriptions on usury.   Here’s one: “Thou hast taken usury and increase, and thou hast greedily gained of thy neighbors by extortion, and has forgotten me, saith the Lord God.” (Ezekiel 22:12)   Many Mississippi leaders have forgotten.   Once Mississippi’s maximum annual finance charge was 8%. Anything ...

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BILL CRAWFORD — PERS sees taxpayers as their evergreen money tree

The PERS Board of Trustees seemed happy after hearing from their actuary. The funded ratio for PERS increased and investment returns were up.   So, are things turning up for PERS?   Only if you don’t mind your pocketbook getting raided.   Here’s the story. As the actuary report highlighted, PERS’ funded ratio moved from 61.1% to 61.8% (the minimum ...

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Higher tax withholdings point to more jobs filled; Mississippi sectors index shows gains

By TED CARTER The value of an index tracking Mississippi’s key business sectors rose a full 1 percent in August, maintaining an upward trend that began five months ago, state economists said in the October “Mississippi Business Report.” The growth in value tracked in the Mississippi Lead Index, or MLI, occurred in all sectors other than manufacturing, said Corey Miller, ...

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Shares plunge after Cal-Maine fails to meet expectations

By JACK WEATHERLY Cal-Maine Foods Inc. reported on Monday that its net income for the fiscal first quarter was $12.4 million, or 26 per share, compared with a loss of $16 million, or 33 cents per share, a year earlier. Net sales for the quarter that ended on Sept. 1 was $340.6 million, 29.6 percent increase ove $262.8 million. Despite ...

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Analysis: Mississippi in line for savings account boost

JEFF AMY Mississippi may be making its first big deposit into its savings account in several years, but state government is still lacks enough savings to ride out a substantial downtown in revenues. The Department of Finance and Administration is still in the process of closing the books on the year ended June 30, but spokesman Chuck McIntosh said the ...

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Mississippi city wrestles with budget problems

A Mississippi city is wrestling with budget problems after an audit showed a $14 million shortfall. WLOX-TV reported that Pascagoula Mayor Dane Maxwell said he’s working with the governor, the lieutenant governor and the state auditor on how to deal with the money problems following the release of a forensic audit. Maxwell says the focus is on making sure that city ...

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MATTHEW McLAUGHLIN — Show me the money

Having served as lead, co-, or local counsel on greater than $10 billion in debt and equity financings, I have experienced transactions that have closed relatively smoothly and I have also seen transactions fall apart at the closing table. Regardless of whether your company is raising debt or equity, there are some common themes and best practices that business owners ...

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