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MBJ FEATURE

Jackson will soon know fate

Officials: Requirement for sales tax oversight panel will doom voter approval to rebuild infrastructure Jackson’s single biggest hope for paying for a desperately needed water and sewer system overhaul  rests with a special option sales tax that would require 60 percent voter approval. That’s not going to happen as long as the legislation authorizing the vote specifies that an oversight ...

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Sir, is that cow under warranty?

Mississippi’s cattle industry recently received some good news from Washington about a proposed program that would help protect them from catastrophic losses due to disease. But the state’s cattle industry continues to face issues that no single program can address — even with improved market prices, many livestock producers are still operating in the red. Earlier this month, Sen. Thad ...

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Academic watchers of hedge funds not ready to take on disciple role

Niche hedge fund traders like Woodridge Capital represent a new kind of risk taker that runs right up on the light after it has turned yellow. They win or lose by knowing whether to hit the brakes or throttle forward. So says Fan Chen, a University of Mississippi associate professor of finance who specializes in researching the trading of mutual ...

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GreenTech answers some questions, raises others

This much is certain: By the end of 2011’s third quarter, two years after the company announced its plans to build hybrid vehicles in Tunica, GreenTech Automotive could start operations. Here’s what is unsettled: What the company will be building and where it will be built. Last May, GTA announced it was buying Hong Kong-based EuAuto, an international award-winning firm ...

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Anheuser-Busch: No stance on beer legislation

The two bills that would raise Mississippi’s cap on alcohol content in beer have received a glowing endorsement from one of the state’s Miller-Coors distributors, and a shrug of indifference from Anheuser-Busch. Frank Drennan, president of Jackson-based Miller-Coors distributor Capital City Beverages, said his company strongly supports the legislation that would raise the cap on alcohol percentage in beer made ...

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UM Professor: May 6 ‘flash crash’ resembles a shorting scheme

Sell off widely blamed on automated trading but has suspicious elements, Ole Miss researcher says That May 6 nightmare on Wall Street that saw stock prices plummet in a sell-off frenzy is often recalled as the day the machines took over and drained the market of $800 billion in value in a 30-minute span. But the machines had some help from the ...

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To the cleaners

JACKSON — The Kemper County clean coal plant decision has passed, but Mississippi Power Company (MPC) and the state Public Service Commission are still debating coal vs. natural gas. At a hearing last week MPC made its case that the Commission needs to act fast in giving the company permission to charge customers $312 million for environmental improvements to the ...

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Bill seeks to add clarity to existing Trade Secrets Act

As part of his business reform legislation bundle, Secretary of State Delbert Hosemann is proposing some additional language to the Uniform Trade Secrets Act in the hopes of expanding protections for businesses in the event they find themselves in litigation in which some or all of their trade secrets are publicly exposed. “We have been very specific (under current law) ...

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Good idea or not?

See related Feb. 4 Business Blog post, ‘Haley Barbour and Khosla Ventures’ and Feb. 11 post, ‘WSJ: Learned from Khosla-backed energy startups that tanked.’ State leaders agree that affordable and reliable energy is essential for Mississippi’s future economic growth. Gov. Haley Barbour has said his energy policy is “more of it” and has aggressively promoted hefty incentive packages to a ...

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A public railroad?

When Utah-based V&S Railway purchased the railroad that runs from Brookhaven to Natchez in the summer of 2009, the sale was contingent upon V&S keeping the line open for two years. That window closes in June, and officials in Adams, Franklin and Lincoln counties are making plans to keep the line open should V&S decide to abandon it. Senate Bill ...

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