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Tag Archives: money

Stocks rally after Fed allays stimulus fears

NEW YORK — Stocks broke through record highs in early trading Thursday after Federal Reserve Chairman Ben Bernanke said the central bank is in no hurry to stop supporting the economy. Bernanke said the U.S. economy still needed help because unemployment remains high and inflation is below the Fed’s target. The Fed is currently buying $85 billion a month in bonds ...

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TROTTER: Big spenders vs. big savers

You stand at your window and look across the street. Nice house, you think. Nice landscaping. Nice sports car. Nice driveway. New bikes for the kids. Wow, if only you had that kind of money . . . . On the other hand, the plain home down the street with the older model sedan parked out front pales in comparison. ...

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New mayor: City 'is in serious trouble'

ITTA BENA, Miss. (AP) — Thelma Collins becomes mayor of the town of Itta Bena on July 1. Along with the job, she inherits a $500,000 debt. “The city of Itta Bena is in serious trouble,” Collins told the Greenwood Commonwealth. If the issues are not resolved, she said, “all of us will be shut down.” The town’s biggest debt ...

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Audit finds circuit clerk owes more money

VICKSBURG — An unfinished 2012 audit of Warren County says Circuit Clerk Shelly Ashley-Palmertree owes the county more than previously thought and supervisors will ask for payback this week. The Vicksburg Post reports the five-member board will meet in special session to demand the clerk repay fees beyond the state-set cap for fee-based public officials. “We’re just following through on our ...

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TROTTER: Spenders and savers are linked by asset conservation

For this article, we will discuss those areas of estate and financial planning for the age group I will refer as “age 50 and older.” Obviously, we’re dealing with a wide age span for people in this group that pairs those of the World War II generation along with the Baby Boomer generation that followed behind. And, it is an ...

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Board approves new funding scheme for state universities

AROUND MISSISSIPPI — Mississippi University for Women, the University of Mississippi and Alcorn State University will get financial boosts under a new formula to distribute state money among Mississippi’s eight public universities. The College Board approved the formula yesterday without amendments, although some members had objected in a recent committee meeting to funding levels for nonresident students. Higher Education Commissioner ...

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Former bank CEO pleads guilty to fraud, money laundering

BUDE — A former bank executive has pleaded guilty to bank fraud and money laundering. U.S. Attorney Gregory K. Davis and FBI Special Agent in Charge Daniel McMullen said Larry Barnette Hill, 58, of Meadville, entered the plea in federal court in Jackson. Hill served as CEO of People’s Bank of the South in Bude. Prosecutors say from 2004 through ...

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Committee raises spending ceiling on state budget

JACKSON — Mississippi lawmakers are giving themselves a bit more wiggle room in writing a budget for the coming year. The Joint Legislative Budget Committee met yesterday and voted to add $97 million to the estimate of how much money the state can spend during fiscal 2014, which starts July 1. The estimate is now slightly over $5.5 billion. A ...

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Ex-school, city employee gets prison time for embezzlement

MEADVILLE — A 52-year-old Roxie woman has been sentenced to three years in prison for embezzling money while she was employed by the Franklin County School District and the Town of Roxie. The Natchez Democrat reports Circuit Court Judge Forrest “Al” Johnson sentenced Ramona Mullins to serve nine years, with six years suspended, followed by three years of post-release supervision ...

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Mayor's civil trial continued, but judge urging settlement

SOUTHAVEN — Mayor Greg Davis’ civil trial in Jackson has been continued until May, but there are discussions that the judge in the case has urged both sides to settle the matter before then. At the end of yesterday’s hearing, The Commercial Appeal reports a Hinds County chancellor called attorneys for both sides into his chambers for a closed-door meeting. ...

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