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Author Archives: Ted Carter

After dropping Jackson, Southwest adds service to Memphis, Pensacola and Richmond

Southwest Airlines is leaving Jackson but still giving Mississippians flight options by adding service to Memphis. However, in adding Southwest flights to Memphis the airline is eliminating AirTran service from Memphis to Atlanta. Southwest won’t be an option for getting to Atlanta, either, because its Memphis flights will not include Atlanta. Southwest acquired AirTran a couple of years ago and is just ...

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Bi-partisan criminal justice panel urges refocusing of sentencing, parole policies

In a report issued Tuesday, the Mississippi Criminal Justice Task Force concluded Mississippi’s criminal justice and corrections systems are at a critical crossroads. The Task Force concluded that the route the state has taken up to now leads to more than a quarter of a billion dollars in additional spending over the next 10 years; a second route that would ...

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Commercial/multifamily mortgage debt posts largest increase since '08

Commercial/multifamily mortgage debt outstanding grew to its highest level in five years in the third quarter, increasing by $25.2 billion as all four major investor groups increased their holdings, a new report from the Mortgage Bankers Association (MBA) says. That is a 1 percent increase over the second quarter of 2013. Total commercial/multifamily debt outstanding stood at $2.47 trillion in ...

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Bauer rankings reflect strong Q3 showing for Mississippi banks

A total of 45 Mississippi banks and saving and loans garnered five-star ratings from Bauer Financial Services in the third quarter. Of Mississippi’s largest banks, the $20 billion Hancock Bank of Gulfport was the only one to receive five stars, though Jackson’s Trustmark and Tupelo’s Renasant performed well enough to gain four stars each. BancorpSouth, the state’s second largest bank ...

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Grab the mouth soap: Mississippians among most prone to profanity

When it comes to potty mouth talk, Mississippians are in the same category as sailors. At least that’s the view of Washington State’s Marchex Institute, a collection of data scientists and senior analysts who deliver customized reports and insights for clients of the “call marketplace” and “call analytics” sectors. In other words, they tell those annoying telemarketing callers what to ...

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Industrial Timber expansion will add 80 jobs in Shannon, Ripley

JACKSON, Mississippi — Industrial Timber, manufacturer of wood furniture frames, expects to add 80 jobs with expansions in Mississippi operations at plants in Lee County’s Shannon and Tippah County’s Ripley. The expansions represent a $1.5 million corporate investment, the company says. The 14-year-old Industrial Timber is adding a new manufacturing line at both facilities to meet the needs of Jackson ...

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Distress sales continue to drag down Mississippi’s average home sale price

JACKSON, Mississippi — Mississippi’s October home prices climbed only 1.9 percent over October 2012. But once distressed sales are removed from the calculation, the state’s average home price climbs by 6 percent over the previous October, says CoreLogic, A California-based residential property information, analytics and services provider. CoreLogic’s statewide totals that include short-sales and foreclosure sales are slightly more favorable ...

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