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Author Archives: Wally Northway

Low tech is still good tech…

I would, somewhat vainly perhaps, consider myself a social media savant. I was blogging on Xanga when WordPress was still in beta testing. I was on Facebook before it was cool. Way before. Twitter has finally grown on me and I’m up to about 200 Tweets since last fall. Skype has been a great way to keep up via video ...

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Lawmakers vote to change state budget process

JACKSON — The Mississippi House voted yesterday to change the state budget process in a way some members call unfair and others call accountable. The change is part of a resolution that would set the joint operating rules of the House and Senate for the four-year term that started last month. It says any lawmaker who wants to add money ...

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ABA: Obama bank tax will sacrifice $600 billion in loans

The American Bankers Association reacted harshly Monday to President Obama’s proposal to levy a 10-year tax on the banking industry that would raise $61 billion to help U.S. homeowners refinance. Obama had previously proposed a “financial crisis responsibility fee” on financial firms with assets exceeding $50 billion. That idea has been changed into a proposal to tax banks to help ...

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UPDATE: DEAL IS DONE … Foreclosure settlement said gaining key state support

WASHINGTON — U.S. states have reached a $25 billion deal with the nation’s biggest mortgage lenders over foreclosure abuses that occurred after the housing bubble burst. Federal and state officials announced the deal Thursday. It is the biggest settlement involving a single industry since a 1998 multistate tobacco deal. Under the agreement, five major banks — Bank of America, JPMorgan ...

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"The Help" Wins Big at SAG

“The Help,” a Mississippi-made film about race and relationships in 1960’s Jackson, has done it again. The movie, based on the novel by Jackson native Kathryn Stockett, won the coveted Best Ensemble Cast award at last night’s 18th annual Screen Actor’s Guild Awards show in Los Angeles. Viola Davis and Octavia Spencer who played African-American maids Aibileen and Minnie won ...

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CNBC: KiOR 'bleeding cash'

Update: Today (Jan. 27) KiOR announced that it has closed a $75 million four-year term loan with a lender group comprised of an affiliate of Vinod Khosla and two Canadian corporations owned by certain pension fund clients of Alberta Investment Management Corporation (AIMCo). KiOR is listed along with Achillion Pharmaceuticals, Sears Holdings and Rite Aid as companies that “are expected ...

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Smith named president of Daniel Coker

Roy A. Smith Jr. still remembers vividly when he first walked into the law firm of Daniel Coker Horton & Bell, P.A. as a prospective new-hire in 1982. He was fresh out of law school, where he served as student body president. With that on his résumé, it should come as little surprise that other firms were interested in his ...

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Luckett, Freeman reach crossroads, decide to sell Clarksdale’s Madidi

Lawyer Bill Luckett and actor Morgan Freeman have decided to end their 10-year run as owners of Clarksdale’s Madidi Restaurant, a fine dining establishment that joined with Luckett and Freeman’s Ground Zero Blues Club to help make the Delta town a destination for visitors seeking a taste of Mississippi’s blues heritage. Other commitments have been piling up on the partners ...

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Study recommends changes to university employees' retirement system

JACKSON — A study of a special retirement savings plan for Mississippi public university employees recommends changing how the state’s contribution levels are set. The Optional Retirement Plan covers more than 4,000 employees. Professors, administrators, coaches, researchers, medical residents and others may join plan, instead of the traditional state pension system. The optional plan is meant to provide retirement savings ...

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