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MBJ FEATURE

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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Advance Mississippi hosts energy panel for legislators

JACKSON — Advance Mississippi hosted its 2011 Energy Update panel for legislators at the Jackson Marriott hotel last week. >> Dr. Sumesh Arora, director of strategic biomass solutions at the Mississippi Technology Alliance, said national media is recognizing Mississippi as a leader in green energy. Approximately 100 renewable energy and energy-efficiency projects that represent a $2-billion investment in the state ...

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Hunting for the new MDOT leader

The Mississippi Transportation Commission is in a state of flux, and the uncertainties are clouding just when a new executive director of the Mississippi Department of Transportation will be selected and confirmed. Earlier this month, Larry “Butch” Brown announced that he was retiring as executive director of MDOT citing his continuing battle with prostate cancer. His retirement becomes effective at ...

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Labeling chicken

A new regulation from the U.S. Department of Agriculture requiring nutrition labels on raw, single-ingredient poultry products has the poultry industry in Mississippi somewhat mystified — and very concerned. Effective Jan. 1, 2012, the USDA will require certain poultry products to provide nutrition information on the package or available at the point-of-purchase. The rule is targeting non-consumer-ready poultry cuts, which ...

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Chamber’s new leader wants more proof on arena’s viability

Former chair Jonathan Lee had urged supporters to ignore the nay-sayers As Jackson Chamber of Commerce chair, Jonathan Lee urged supporters of an $80-million-plus downtown arena to “ignore those who say it can’t be done.” Lee called a Jackson arena an exercise in “expanding our realm of possibilities” and said no better bet could be made than one that Jackson ...

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