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Tag Archives: money

Stocks drop on expectations of less central bank stimulus

World stocks mostly fell Monday as a broad rise in government bond yields suggested investors are expecting less central bank stimulus and higher interest rates than before. KEEPING SCORE: France’s CAC 40 slipped 0.2 percent to 4,460 and Germany’s DAX was down 0.3 percent to 10,545. Britain’s FTSE 100 fell 0.6 percent to 6,970. U.S. shares were set to drift ...

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Partisan divide shapes Mississippi budget discussions

Mississippi lawmakers are on separate tracks as they discuss state taxes and spending, with divisions defined largely by political party. During different meetings Wednesday at the Capitol, a group consisting mostly of Republicans looked for ways to trim the budget, while Democrats heard from a researcher who recommended Medicaid expansion and more education spending to close the gap between rich ...

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Treasurer running unclaimed property booth at state fair

Mississippi State Fair checklist: Ride the Ferris wheel, eat some greasy food, check for free money. State Treasurer Lynn Fitch says her office will operate a booth at the fair so people can see if they have unclaimed money or property that’s being held by the state. The fair runs Wednesday through Oct. 16 on the State Fairgrounds in Jackson. ...

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Audit: Take back $3.4M in FEMA money from Mississippi school

Auditors say the Federal Emergency Management Agency should take back nearly all of $3.5 million in grants approved for a church-run school in coastal Mississippi after Hurricane Katrina, though a school official says it actually received $2.8 million. FEMA lacked adequate policies to prevent an “unaccredited and unlicensed non-public school” from getting federal money, the Department of Homeland Security inspector ...

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Who funds campaigns? Mississippi eases into searchable info

Mississippi is becoming the last state to allow electronic filing of campaign finance reports, a step toward easier public access to information about who is spending money to influence elections. The National Institute on Money in State Politics says all other states already had either mandatory or voluntary electronic filing of finance reports. Mississippi Secretary of State Delbert Hosemann launched ...

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Study finds state’s revenue growth slowing

By BOBBY HARRISON Despite the fact that Gov. Phil Bryant and legislators have been struggling with declining tax revenue and budget cuts, Mississippi is one of 29 states where collections, when adjusted for inflation, have rebounded to new peaks since what is known as the Great Recession of 2008-09. A report by the Pew Charitable Trust, released earlier this month, ...

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Global stocks rally ahead of Fed and Bank of Japan meetings

Global stock markets started the new trading week strongly Monday as investors appeared to put last week’s jitters behind them as they awaited the outcome of the latest policy meetings of the U.S. Federal Reserve and Bank of Japan later this week. KEEPING SCORE: In Europe, Britain’s FTSE 100 index of leading British shares was up 1.5 percent at 6,807 ...

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US, European shares slide, led by plunge in Deutsche Bank

U.S. and European stocks were moderately lower in early trading Friday after Deutsche Bank said it wouldn’t settle with the Department of Justice over its role in the 2008 financial crisis. KEEPING SCORE: The Dow Jones industrial average lost 83 points, or 0.5 percent, to 18,129 as of 10:10 a.m. Eastern. The Standard & Poor’s 500 index lost 10 points, ...

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Stocks tumble as weaker forecast sends oil prices lower

U.S. stocks are skidding Tuesday after the International Energy Agency said it expects slower growth in demand for oil this year. That’s pushing the price of oil down and sending energy companies lower. Banks and phone companies are also falling. KEEPING SCORE: The Dow Jones industrial average gave up 243 points, or 1.3 percent, to 18,149 as of noon Eastern ...

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BILL CRAWFORD: Are big money tax policies best for Mississippi?

As tax collections continue to falter, threatening more mid-year budget cuts, our legislative leaders scurry to shore up the brilliance of their tax cut agenda.    They brought in an “outside expert” to say they’re on the right track.    Nicole Kaeding, an economist with the Tax Foundation, told them that adding more consumption taxes and reducing corporate taxes is ...

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