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Author Archives: Ted Carter

Oxford’s Tannehill: We’re going to enforce restrictions we have adopted and passed

Reeves’s order for minimum safeguards failed to note localities can set tougher standards     By TED CARTER Mayors and other local officials around Mississippi are cleaning up on aisle 7 after mishandled communications from new governor Tate Reeves’ last week left them a mess of confusion about covid-19 restrictions. As the reality of the pandemic and its economic consequences ...

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Mississippi’s home sales aided by shrinking inventory amid COVID-19 crisis

Many buyers eager to get deals done, brokers say   By TED CARTER Home sale closings conducted in parking lots, virtual showings and carefully staged open houses have helped the state’s home sales stay steady in the early days of the coronavirus, say Realtors in north, central and south Mississippi. The residential sector went into the new year as a ...

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State economist sees recession here and elsewhere as COVID-19 fight continues

Analysis of pandemic flu scenario puts Mississippi economic loss at $4.9 billion   By TED CARTER Other than saying a national recession is a certainty as the coronavirus shutdown grows, Mississippi’s state economist Darrin Webb is not publicly projecting where the state’s economy will drop to in the days ahead. For now, Webb’s forecast is for the nationwide recession to ...

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Morning Joe host rips Reeves over refusal to close beaches

Mississippi’s new governor, Tate Reeves, got introduced to the nation Monday morning. But not in a way he is likely to appreciate. “This guy is unbelievable!” said Joe Scarborough, a former Republican congressman from Florida and host of MSNBC’s “Morning Joe” show, condemning Reeves for his refusal to close Mississippi’s gulf beaches amid deadly coronavirus spreading across the country. Reeves’ ...

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Innovate Mississippi looks to expand regional alliances

» New year will bring creation of new seed fund for Innovate Mississippi By TED CARTER If the “Next Big Thing” is out there, it’s unlikely to be overlooked in a Mississippi that spent the last decade building ways to get good ideas to market. Mississippi enterprises focused on commercializing knowledge and innovation are venturing into a new decade with ...

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Suburban office space absorption headed for positive range; industrial in expansion mode

By TED CARTER Tenants of metro Jackson’s suburban office market are expected to begin filling up space at a pace that exceeds new vacancies, an outcome the market failed to achieve two of the past three years. Credit a 10-year slowdown in new office construction for increased prospects that net absorption will move into a positive range and stay there ...

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Metro retail real estate on a roll, survey finds

New construction accompanied by 2nd and 3rd chances for older properties   By TED CARTER Metro Jackson’s retail development market is in a recovery year created by vacant space filling up and lease rates staying in place. So concludes a close look at the metro retail market by Integra Realty Resources Inc. and detailed in its annual “Viewpoint” report for ...

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Medical ‘pot’ advocacy groups cite big upsides in Mississippi plan

By TED CARTER The wide-open nature of Medical Marijuana Campaign 2020’s model for a Mississippi medical marijuana sector gets a wrap-around hug from cannabis advocacy organizations and business groups. “We like so far what we see out of Mississippi,” said Erik Altieri, executive director of the National Organization for the Reform of Marijuana Laws, or NORML. That affection comes from ...

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Medical cannabis could be opportunity for bankers – but a risky one

By TED CARTER Mississippi bankers can gain rewards in a medical marijuana market but risk a possible shift in U.S. Treasury Department policy that could harm their institutions. Any jeopardy posed by the 1970 Controlled Substance Act aside, the chief executive of leading U.S. legal cannabis payments provider CanPay expects at least one or more Mississippi community banks or credit ...

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Golding Barge Line upping its Vicksburg stakes by $20M

» New boats, barges and hires coming to family-owned company By TED CARTER Sustained growth in moving both raw crude oil and refined petroleum along America’s inland waterways has led Vicksburg’s Golding Barge Line to invest $20 million in new boats, barges and vessel hands. The investment is expected to gain Golding Barge Line 25 workers. Some will work from ...

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