Home » NEWS » Govt/Politics (page 228)

Govt/Politics

According to union lawyer, Public Employment Retirement System chief, options are limited

The head of the Public Employees Retirement System of Mississippi says the $20.7-billion retirement trust fund is constitutionally protected but she doubts the benefits of retirees and public sector workers enrolled in the plan have the same protections. “However, this could be debated,” said Pat Robertson, PERS executive director. She cited a 1986 amendment to the Mississippi Constitution in noting ...

Read More »

Stop-and-go funding makes planning tough for Mississippi airport chiefs

The refusal of Congress to go beyond short-hop funding for the Federal Aviation Administration has made uncertainty just another work challenge that the heads of Mississippi’s two major commercial airports must overcome. As one funding lapse ends another one appears on the horizon for Dirk Vanderleest at Jackson-Evers International Airport and Bruce Frallic at Gulfport-Biloxi International Airport. The Aug. 8 ...

Read More »

FAA money restored but Jackson-Evers projects may be in jeopardy

Late Friday afternoon action by the U.S. Senate and President Obama got the Federal Aviation Administration back in business but the big dollars lost in airline fees could hurt long-range projects planned by Jackson-Evers International Airport and other airports throughout Mississippi. At Jackson-Evers 10 FAA workers will return to work Monday after a two-week furlough caused by the refusal of ...

Read More »

Looming defense cuts bring return of familiar anxieties

Last Tuesday’s deal to slash defense spending by hundreds of billions as part of the deal to raise the nation’s debt ceiling set off the kind of anxiousness not felt in Columbus since the Base Realignment & Closure commission shut down a half-dozen years ago. Suddenly, the Golden Triangle’s continued economic resurgence is not as sure a thing as it ...

Read More »

State regulating bank subsidiaries until ordered to stop, says top bank supervisor

Mississippi’s Department of Banking has returned to licensing wholly owned subsidiaries of federally chartered banks and thrifts and enforcing their compliance with state financial consumer protection laws. Banking Commissioner John Allison cites the Dodd-Frank Wall Street Reform and Consumer Protection Act as authority for restoration of enforcement powers the state ceded to the Office of the Comptroller of the Currency ...

Read More »

Bank reform sets stage for state, federal regulator spat

With the volumes of rule making required to fully implement the Dodd-Frank Wall Street Reform, observers widely viewed the measure as a regulatory turf war waiting to happen. The waiting is over. The historic reform law, which went into effect July 21, will be the subject of many more months of rule making by federal regulators. But already under challenge ...

Read More »

Pew poll: Americans want banks to give more details on checking accounts

Republicans in Congress may want the Consumer Financial Protection Bureau to die in its infancy, but most Americans are looking forward to the work the bureau will do in bringing more transparency to bank checking account transactions, a new poll has found. Americans with checking accounts believe banks must do a better job of disclosing terms, conditions and fees associated ...

Read More »

Jackson councilman pushes insurance requirement for convenience stores that sell alcoholic beverages

The liability insurance Jackson City Councilman Kenneth Stokes wants to require of convenience stores in the city that sell alcoholic beverages may make the premises safer from mishaps such as slip-and-falls. But don’t look for it to lessen the likelihood of violent incidents – or to even cover customers injured by violence, insurance professionals say. Ward 3’s Stokes has proposed ...

Read More »