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Author Archives: Ted Carter

Trust says historic restorations bringing sustained economic dividends

By TED CARTER Three years ago, a John C. Stennis Institute of Government study concluded historic preservation in Mississippi does more than save old buildings. Saving the state’s past, the Mississippi State University-based institute said, carries the time-honored American virtue of making money. Specifically, each dollar of tax credits the state issues puts $2.45 into the pockets of workers and ...

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Where are the millennials of insurance? Ole Miss teams with industry executives to replenish ranks as boomers retire

By TED CARTER The prospect of calamities has kept insurance executives from sleeping easy since way back in the 1300s when enterprising Genoans began insuring ships and cargo. Nowadays, insurance execs are trying to head off a modern-day calamity of not having new blood to carry the industry forward as baby boomers retire from the field in droves. Their efforts ...

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A new product and new day for Tunica gaming

Sports betting gives Delta casinos an opportunity to regain lost business By Ted Carter Tunica County casino executive R. Scott Barber’s long wait for the light to change is almost over. Legalized sports betting is about to materialize in Mississippi and with it prospects for a change of fortune for the Delta’s gaming sector. Barber, Caesars Entertainment regional vice president, ...

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Sports betting to be exclusive domain of casinos

By TED CARTER Whatever shape Mississippi’s sport betting takes in its expected fall arrival, it’s a lock that enhancing the state’s visitor numbers and hospitality spending will be a main goal. This goal puts Mississippi officials in harmony with a gaming sector eager for their casinos to become sports betting destinations. And as a major plus for the industry, anyone ...

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PONZI POINTS: Notable from the charging document

Allegations from the criminal information filing against Arthur Lamar Adams: » Adams ran the Ponzi scheme from early 2011 through April of this year, prosecutors say. » Adams kept the scheme going by paying earlier investors with money collected from new investors, prosecutors say. “Adams lulled and persuaded investors to maintain their investments and to invest additional funds by timely paying ...

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UPDATED — U.S. Attorney charges Jackson man in $100 million Ponzi scheme

By TED CARTER In a plea federal prosecutors indicated would later be changed to an admission of guilt, a 58-year-old Jackson man pleaded not guilty Tuesday afternoon in what could be Mississippi’s largest Ponzi scheme ever. The U.S. Attorneys office in Jackson alleges Arthur Lamar Adams used fraudulently deeded timberland to bilk well over $100 million from hundreds of investors ...

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As 2017 winds down, Mississippi economic growth looks to be less than 1 percent

By TED CARTER The indicators state economists use to assess the health of Mississippi’s economy showed the same lethargy in August as they did at the start of the year. “August represented another example of the relative sluggishness that has characterized the Mississippi economy in 2017,” said the October edition of Mississippi’s Business prepared by the University Research Center of ...

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Lumumba undaunted on Jackson convention hotel after latest deal unravels

JRA dropped developer EDT after it insisted on $60 million public contribution By TED CARTER New Mayor Chokwe Antar Lumumba is not ready to call it quits on a convention center hotel after the demise of the Jackson Redevelopment Authority’s two-year effort to complete a deal for one. A Sept. 27 Redevelopment Authority decision to drop Washington, D.C.-based Engineering Design Technologies ...

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