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Author Archives: Ted Carter

Nation’s shopping centers see net operating income gains

  Shopping centers around the country saw an up-tick in revenue in the second quarter but not enough to offset higher expenses, the National Council of Real Estate Investment Fiduciaries (NCREIF) and the International Council of Shopping Centers (ICSC) says in reporting on a new survey. The survey of investment managers for approximately 1,000 shopping-center properties found that operating income ...

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Hattiesburg’s Cynergy aims to help Army guard cut cell phone bill

The Mississippi Army National Guard has hired Hattiesburg’s Cynergy Services to be its eyes and ears in an often-confusing mobile phone marketplace from which the Guard buys services for 1,000-plus cell phones. Success will be measured in how much whittling the telecommunications expense management firm can do on the Guard’s monthly bill without sacrificing service quality. It’s a six-month trial ...

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Ex-Greenville Schools chief faces 25 years in lockup after kickback plea

Ex-Greenville Schools chief faces 25 years in lockup after kickback plea   Former Greenville Public Schools superintendent Dr. Harvey Andre Franklin, 56, faces 25 years in federal prison after pleading guilty Friday to receiving kickbacks from the award of a federally funded reading instruction contract. Franklin pleaded before U.S. District Judge Sharion Aycock, in Aberdeen, Mississippi to three counts of ...

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Fannie, Freddie chief’s rejection of mortgage reductions has bankers smiling

  Fannie Mae and Freddie Mac won’t be taking part in the Obama administration’s home mortgage principal reduction program. That’s bad news for underwater homeowners but cause for rounds of high-fives among executives in the nation’s financial sector. The setback for homeowners came Tuesday when Federal Housing Finance Agency Acting Director Ed DeMarco bowed to pressure from Wall Street and ...

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Ag chief wants multi-million dollar upgrades for fairgrounds

The aging Mississippi Coliseum and neighboring Trade Mart would undergo upgrades of around $30 million under a plan initiated by newly elected Agriculture Commissioner Cindy Hyde-Smith. Without some significant work, each of the venues could see a falloff in usage, leading to a loss of revenue that helps support other facilities within the Mississippi Fairgrounds, Hyde-Smith said. The agriculture commissioner ...

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Old Armory on Fairgrounds to get roof as it awaits restoration

With its roof long gone and its walls wavering, the old Hinds County National Guard Armory has become an eyesore and a safety hazard on the Mississippi State Fairgrounds. Some day it may get a multi-million-dollar restoration, but for now the Mississippi Fair Commission wants to stabilize the historic landmark and slow a steady deterioration that began with the Easter ...

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Economist: Medicaid expansion must be examined

An analysis state economist Bob Neal says is the most important he has ever undertaken will help state leaders decide whether to accept billions in federal funding to cover a quarter-million or more Mississippians who lack health insurance. Though Neal views his analysis as critical to the decision before policy makers, it is uncertain how much consideration his economic conclusions ...

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ABA chief says Weill ‘misguided’ in wanting big banks broken up

Who would have expected this reaction? The head of the American Bankers Association is disappointed and dismayed by the about-face Citigroup chairman emeritus Sandy Weill has done on breaking up the nation’s big banks. Push the pause button on such thinking, Frank Keating, ABA president & CEO, urges. Weill, often described as godfather to the too-big-to-fail movement, announced on CNBC ...

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