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Tag Archives: NEWS

With S&P suit settled, Mississippi set to take on Moody’s over flawed investment ratings

By TED CARTER A recent big-dollar settlement with Standard & Poor’s over misleading ratings put on sub-prime mortgage-backed securities before the 2008 financial collapse has cleared the way for Mississippi and Connecticut to resume a similar case against Moody’s Ratings Service. The two states put their action against Moody’s on hold during settlement negotiations with S&P that resulted in a Feb. ...

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(WITH VIDEO) ALAN TURNER: Madison County Business League & Foundation honors Rita Martinson

Over 350 business leaders, lawmakers, and officials attended the annual “League and Legislature” luncheon on February 27 at Jackson’s Old Capitol Inn. A key focus of the meeting was to honor Madison County State Representative Rita Martinson, who is retiring after serving for 24 years in the state House.  She was praised at the Madison County Business League & Foundation ...

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MDOT commissioner: National group gets it ‘backwards’ on state’s spending on bridge upkeep

By TED CARTER A national coalition of state-based consumer advocacy groups says a look at where Mississippi put its federal highway dollars from 2009 to 2011 showed it overwhelming prioritized building highways over taking care of existing roads and bridges. The report from Smart Growth America tagged Mississippi as the state least likely to do road and bridge upkeep with Federal ...

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COMMERCIAL FINANCE 701: Title certificates, reports, commitments & policies: The difference may be your job!

EDITOR’S NOTE: Commercial Finance 701 is a continuing series on commercial loans written exclusively for the Mississippi Business Journal.  This series is geared to lenders, developers, investors and transactional attorneys. A distinguished Mississippi attorney once observed, “Words mean so much more when you know what they mean.”  In some cases, words just don’t mean what we think — like decimate, factoid, ...

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Haley Barbour: Kemper plant will rival Grand Gulf’s performance

By JACK WEATHERLY  Former Gov. Haley Barbour predicts that Mississippi Power Co.’s Kemper County coal-powered plant will in the long run rival the performance of Entergy’s Grand Gulf nuclear plant in Port Gibson. “Grand Gulf took more than twice as long to build and cost more than twice as much [as originally planned].  And after it went online it initially caused ...

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Proposed ammo ban empties shelves

JACKSON — When word began to spread about a proposed ban on a popular type of ammunition, the market responded faster than a speeding bullet. “I think it was gone the day people heard about it,” Tim Sternberg of Dad’s Super Pawn in Gulfport said. The buying spree resulted from a proposal by the Bureau of Alcohol, Tobacco and Firearms ...

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Hattiesburg wastewater treatment system could cost $152M

HATTIESBURG — The city of Hattiesburg could be looking at about $152.5 million over the next three years or so for a fully-mechanical wastewater treatment system that would continue to discharge into the Leaf River. In a presentation Tuesday night to the Hattiesburg City Council and Mayor Johnny DuPree, The Hattiesburg American reports Neel-Schaffer engineer Nathan Husman offered four fully-mechanical ...

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Status of some bills in the Mississippi Legislature

JACKSON — Tuesday marked a big deadline during the three-month session of the Mississippi Legislature. It was the final day for House and Senate committees to act on general bills that had already been passed by the other chamber. Bills that survived the deadline will go to the full House or Senate for more debate. Here’s a look at the ...

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BILL CRAWFORD: Gunn steals tax cut spotlight

For the past several years Gov. Phil Bryant has pushed hard for the Legislature to adopt a rational budget process called “performance-based budgeting.”   No doubt this rational approach to budgeting – budgeting includes both revenues and expenses – led the Governor to put forward his reasonable request for a tax cut. He proposed an overall budget that left room ...

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DAVID DALLAS: Tax slasher productions comes to Mississippi

The Mississippi Film Office is a buzz about a new series of slasher films shooting at our state Capitol featuring Gov. Phil Bryant as Freddy Krueger, Speaker of the House Philip Gunn as Ghostface, and Lt. Gov. Reeves as the GingerDead Man. No worries, there will be no blood. This Tax Slasher production is brought to you by those jockeying ...

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