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MBJ FEATURE

Natchez escapes

Of the four major Mississippi River markets in the state, the City of Natchez has easily fared the best during the historic river flood. Other than the closure of the Isle of Capri Casino, all businesses – even the ones located on the banks of the river in the historic Under-the-Hill section – are not only unaffected by the floodwaters ...

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A river of concerns

It is an ironic twist — officials in Vicksburg have been waging a campaign to offset media reports of the historic 2011 flood of the Mississippi River that they feel painted an unclear picture of the situation and scared off visitors as the crest approached. Now, they are concerned that with the passing of the crest at the Hill City ...

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Choose your Mississippi jobs forecast – strong and weak growth are options

SANDESTIN, Fla. — Expect Mississippi to show healthy job growth through 2016, IHS Global Insight says in a report cited by an FDIC economic researcher and presented at the Mississippi Bankers Association convention. Gary Beasley, regional manager of the FDIC’s Division of Insurance & Research, said the forecast by the global information company put Mississippi in the second-highest job growth ...

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‘Help’ has $15-million impact on state

In the same way the best-selling Mississippi author Kathryn Stockett persevered through 60 rejections before getting her book “The Help” published, a band of folks responsible for bringing the movie of “The Help” to Mississippi wouldn’t take no for an answer. The DreamWorks Studios film, which had a $27-million budget and starred break-out actress Emma Stone, wrapped in Greenwood in ...

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Rolling the dice

Secoy puts money on 30-day window for government flood insurance policy ROLLING FORK — Clark Secoy’s family has owned the City Package Store on Delta Street in Rolling Fork since the 1960s. On May 20, the store got its first flood insurance policy. Secoy also bought flood coverage for his home, but not for the 4 Pillars Inn bed and ...

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MORE THAN KATRINA

Two professors released May 12 a preliminary report that begins to try to gauge the economic impact of the Mississippi River flood. The report by Dr. Michael Hicks, director of Ball State University’s Center for Business and Economic Research, and Dr. Mark Burton, director of transportation economics at the University of Tennessee’s Center for Transportation Research, estimates the total financial ...

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Pressure intensifies banker conflict

Examiners are frustrated by second-guessing from their supervisors and no longer see the upside in granting the benefit of the doubt, said David Kemp, president of Bankers Management. SANDESTIN, Fla. – Expect that harder edge you’ve noticed in your banking examiner to harden even further over the next two to three years. That’s the dose of reality Atlanta banking consultant ...

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MBA convention an annual showcase for vendors

SANDESTIN, Fla. — The opportunity to make personal pitches to key decision-makers in Mississippi’s banking sector drew nearly 50 exhibitors to the trade show portion of the Mississippi Bankers Convention at the Sandestin Resort on Florida’s west coast last week. The booths that lined the conference center of the Grand Sandestin hotel reflected the desire of banks to achieve technological ...

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Extension, reform on the agenda for NFIP

Mississippi Insurance Commissioner Mike Chaney will join insurance commissioners from across the U.S. in the next couple of weeks to lobby for the extension of the National Flood Insurance Program. And if Chaney has his way, there will also be lots of talk about reforming the program, which is set to expire Sept. 30. More than anything, Chaney said, the ...

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Glass of Port, please

Port boss: Not likely diverted traffic would head to Gulfport One of the State Port of Gulfport’s nearest competitors is under the threat of flooding from the Mississippi River. But unless projections by the Army Corps of Engineers and the U.S. Coast Guard change, the Port of New Orleans will be able to handle its normal deep-water traffic, keeping Mississippi’s ...

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