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MBJ FEATURE

Latham brings ‘5 Guys’ franchise to state

Ridgeland the first of 12-15 locations around the state For more than three decades, Bill Latham’s reputation as a restaurateur has been unparalleled in the metropolitan Jackson.  Upscale and urbane establishments, past and present, such as Char, Amerigo, Scrooge’s and the Sundancer restaurants were brought from concept to profitability by Latham, along with partner Al Roberts. Now, you can add ...

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Hosemann: Stanford Denial is weak

At last week’s hearing, both officials and victims who testified repeatedly implored the state to fight for Securities Investor Protection Corporation (SIPC) funds for victims in the worst circumstances. SIPC, created by Congress in 1970, guarantees up to $500,000 per investor in case of an SIPC member firm’s failure. Investors are angry that victims of the recent Bernard Maddoff ponzi ...

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They thought they were protected

Victims of Stanford Financial scheme still trying to find ways to collect money they lost Both officials and victims of the Stanford Financial scheme who testified at a hearing at the State Capitol last week focused on the failures of two federal financial regulatory agencies and begged for state assistance in the retrieval of funds for destitute Americans. The Securities ...

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Unemployment drops a full point

Mississippi is now below the national average of 9.6 percent ACROSS MISSISSIPPI — The state unemployment rate dropped a point to 9.5 percent in August as compared to July’s 10.5 percent, but the drop isn’t likely signaling a trend. Of Mississippians unemployed in July, 16,600 gained jobs in August, putting the state’s jobless rate below the national average of 9.6 ...

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Regions Bank has long had a downtown presence

Deposit Guaranty Bank was the brainchild of 14 prominent Jackson businessmen who in 1925 decided to break into the city’s traditionally tight banking community. In 1929, Mississippi’s second-largest bank moved into a new home on Capital Street, and the Deposit Guaranty Bank building became a Jackson landmark. By the start of World War II, DGB and its familiar “Grow with ...

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After latest exodus, what’s next?

Downtown Jackson leaders believe things have never been better for business district On the surface, it would appear that downtown Jackson is booming. There’s the opening of the Jackson Convention Complex and on-going restoration of the King Edward Hotel, both considered anchors of the city’s resurgence after years of playing second-fiddle to the mega-growth occurring in Madison and Rankin counties. ...

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State revenues are down 10 percent in September

State Economist Dr. Phil Pepper told the Joint Legislative Budget Committee a week ago that the long-term revenue outlook for the state was not very good. Well, the short-term forecast looks positively dreadful. September tax collection numbers surfaced last week, and they weren’t pretty. Overall, the state brought in $404.9 million last month, 10 percent under revenue estimates officials made ...

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Community Bancshares takes federal funds

Other small Mississippi banks choose again not to take part in TARP Washington is considering another round of bailouts for banks that were too small or risky for the first disbursement of Troubled Asset Relief Program (TARP) funds in fall 2008. But “bailout” might not be the right word, since some banks receiving these funds are in good financial standing. ...

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MDA has good track record with tourism

Swoope: We must look at what debt we can issue versus what we can get in return The Mississippi Development Authority (MDA) has a pretty good track record recently of nurturing the state’s tourism industry. The MDA supported bond bills the Legislature passed to get the B.B. King Museum and Delta Interpretative Center open. The museum opened about a year ...

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