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Tag Archives: recession

Read the October 10th issue of the MBJ online

In this week’s MBJ, Amy McCullough examines the explosion of solar companies in Mississippi and whether the companies can keep up with the technology. Only time will tell how Twin Creeks and Stion hold up as Mississippians have bet nearly $400 million on green energy companies Also in this week’s paper: >> ‘YES ON 26’ CREATES UNCERTAINTY FOR STATE BUSINESSES: ...

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MBJ Editorial: Legislature sets flame to money with handout to zoo

Mississippi will be throwing good money after bad when it chucks $1.3 million at the Jackson Zoo. The state Bond Commission last week unanimously approved the sale of $354 million in tax-exempt bonds for which the Museum of Mississippi History and the Mississippi Civil Rights Museum will get $40 million together in bond funding. However, other projects benefiting from state ...

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Expert: Economic growth to be 'incredibly slow'

ACROSS MISSISSIPPI — Mississippi will have anemic economic growth this year and next, an expert told lawmakers yesterday. State economist Darrin Webb said economic conditions in the state and nation have deteriorated the past six months. The earthquake in Japan and an increase in oil prices during the spring sparked the uncertainty, and that was made worse by congressional squabbling ...

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Report: State's casinos recovering from recession

ACROSS MISSISSIPPI — Recovery from the recession began at the Mississippi Gulf Coast casinos in the spring of 2010 and likely will continue over several years, according to the newly-released State of the State annual report on Mississippi casinos. Presented by the Mississippi Casino Operators Association and compiled by economist Scott King, the report shows casino revenue fell by $500 ...

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MBJ Editorial: Bryant the man to build bridges, hoist state from depths

This publication has been more than critical of Lt. Gov. Phil Bryant in many areas, particularly during his run for governor, for which he will go head-to-head with Dave Dennis, Hudson Holliday and Ron Williams on Aug. 2 in the Republican primary. Insiders admit to us that he has deserved much of the criticism. His guffaws are numerous, but when ...

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The two Mississippis and our economy

It doesn’t matter what the economic reports are. If you can’t pay your bills, the recession is not over. Mississippi’s economy is one of haves and have nots. With one in four of our labor force working for a government entity and a large dependence on the service sector, we find ourselves with a higher unemployment rate than the national ...

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MBJ Editorial: Lifting the cap would be a bad economic move for state

Mississippi’s Supreme Court has been asked to decide whether it’s constitutional to limit how much a jury can award to an injured plaintiff in a lawsuit. How the court decides could have a huge impact on both economic development and medical services. Before Mississippi enacted two series of tort reforms less than a decade ago, this state had acquired an ...

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MBJ Editorial: Education remains atop state’s business wish list

Nearly eight out of 10 Mississippi business leaders (79 percent) believe our state can experience the same type of economic success as other high-growth Southern states. That is according to a report on the results gathered during in the Mississippi Economic Council’s Blueprint Mississippi Road Show. More than 2,000 took part in the electronic voting process, and an additional 1,000 ...

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