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MBJ FEATURE

Cicada ‘invasion’ poses threat to trees across the state

Residents in Northeast Mississippi this spring are looking at some sleepless nights, and anyone with young hardwood trees on their property are almost certainly going to toss and turn. Entomologists are reporting the emergence of a brood of periodical cicadas. Unlike the more-familiar annual cicadas, periodical cicadas emerge every 13 years by the countless thousands, their buzzing calls filling the ...

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East Mississippi rail link gets a funding start

Study and design work on a rail link from Waynesboro to Lucedale is $100,000 closer to happening thanks to a $50,000 grant from the U.S. Commerce Department’s Economic Development Administration. The grant is contingent upon the Rail Authority of East Mississippi providing matching funds in the form of cash and/or in-kind contributions. The Waynesboro-to-Lucedale rail link would complete East Mississippi’s ...

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Investigating a crisis

For those who last year watched the 11-hour televised Senate hearings of Goldman Sachs, many will remember an exchange between Sen. Carl Levin (D-Mich.), chair of the Senate’s Permanent Subcommittee on Investigations (PSI), and Goldman Sachs CFO David Viniar. Grilled by Levin concerning internal documents that showed the investment banker knew its activities were fraudulent, Viniar responded that it was ...

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For students, SEP competition means getting down to serious business

Regional qualifying has been completed for next month’s Statewide Business Plan Competition in Hattiesburg organized by the Southern Entrepreneurship Program, an arm of the University of Southern Mississippi’s Center for Economic and Entrepreneurship Education. Thirty juniors and seniors from 17 high schools across Mississippi will gather May 9 at USM’s Trent Lott National Center to present their plans for achieving ...

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Singing River Health Systems plans to request bond money for EMR system

Singing River Health Systems in Pascagoula has plans to ask Jackson County to float a $37.5-million bond issue, mostly to pay for the purchase and implementation of electronic medical records (EMRs) and diagnostic cross-reference systems. It could be the start of a trend for county-owned hospitals across the State of Mississippi. A combination of money available through the American Recovery ...

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Trustmark sees acquisition of Heritage as key to filling in Highway 16 gaps

With capital accumulating, Trustmark National Bank has been hunting for acquisitions to expand its footprint, but the regional bank didn’t go far from its Jackson headquarters for the prey it bagged April 15. At 6 p.m. that day, regulators shut down Carthage-based Heritage Banking Group’s nine locations and turned them over to Trustmark, a publicly held regional bank with operations ...

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“We’re really, really close”

The $70-million CottonMill Marketplace mixed-use development in Starkville is as close to happening as it ever has been, according to one of the developers. “We’re finishing up the last few details of financing,” Mark Nicholas, of Ridgeland-based Nicholas Properties, said last week. “We continue to work toward finishing that up, and we believe we’re really, really close.” Nicholas didn’t have ...

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FIGHT GOES ON

Federal regulators have reached an initial settlement with the nation’s largest banks, but the deal will not stop a 50-state coalition of attorneys general from pursuing answers and possible penalties relating to a wave of flawed foreclosures that swept the country last fall, says Iowa Attorney General Tom Miller, leader of the AGs coalition. The settlement does not impose financial ...

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Bogus busting boost

Years ago when Jay Moon served as deputy director of the Mississippi Development Authority, he often accompanied Mississippi manufacturers on trade missions to foreign countries. These goods-makers would drop in on establishments there to check on how their products were being handled and marketed. Many times manufacturers were shocked at what they found. “Manufacturer would often see their products in ...

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