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BILL CRAWFORD — Republicans let Trump spend more than Obama

In December 1985 President Ronald Reagan signed the Gramm-Ruddman Act mandating a balanced federal budget by fiscal year 1991. “The American people expect their elected officials to take action now to reduce the size of government and to set upon a reasonable and equitable course to eliminate federal budget deficits,” the conservative, Republican president said. It took until 2001 and ...

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SAM TAYLOR — When will we celebrate V-C Day?

May 8, 2020 marked the 75th anniversary of the end of the Second World War in Europe, commonly referred to as V-E Day.  The war would not officially end for another three months when Japan surrendered on August 15th, 1945, now known as V-J Day.  It was the largest, deadliest, and most destructive war in history, lasting six years, involving ...

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Cash, long a refuge in uncertain times, now under suspicion

In troubled times, people have been known to hoard currency at home — a financial security blanket against deep uncertainty. But in this crisis, things are different. This time cash itself, passed from hand to hand across neighborhoods, cities and societies just like the coronavirus, is a source of suspicion rather than reassurance. No longer a thing to be shoved ...

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Business owners turn to financial advisors to stay afloat

By LISA MONTI In a matter of weeks, businesses from Main Street to shopping malls were facing major disruption as the coronavirus pandemic began unfolding. Owners responded by cutting back operations, closing or adapting to new ways of operating, mainly online, to try to manage. Now, financial help is available in the form of loans, and some business owners are ...

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Financial planners trying to calm clients fears

By LYNN LOFTON As the volatile financial and medical environment have the country in their grip, financial advisers across the state are doing their best to calm clients. All say it’s a tough time and advice is based on clients’ specific situations. Matt Ballew of Ballew Wealth Management began his company in 1979 and says the corona virus has put ...

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State’s income tax deadline pushed to July 15

The Mississippi Department of Revenue announced today that Mississippi has extended the date due for filing income tax returns and making first quarter and second quarter estimated payments to July 15. This comes after consultation with Gov. Tate Reeves, Lt. Gov. Delbert Hoseman and the Speaker of the House of Representatives. This extension applies to individual income tax returns, corporate ...

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Swift, deep declines ahead for Mississippi economy but rebound seen for 2021

SPRING OUTLOOK IS FOR 30.4% DROP IN STATE GDP THIS QUARTER By TED CARTER The spring 2020 outlook for Mississippi’s economy is for a dire near-term future as the coronavirus pandemic continues its ghastly spread. By the time Mississippi rings in the New Year, around 73,000 of its residents will have lost jobs, for a 6.3 percent increase in overall ...

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Study: Mississippians receiving largest stimulus checks

Home value data collector Ownerly in a study found that Mississippians are receiving, on average, the largest stimulus checks in the country. The company’s Stimulus Check Impact Index used US Census data to show that Mississippi families will be receiving the largest stimulus checks in the country worth on average $2,659 per family, which is 40% higher than families in ...

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Small business lending program goes to 1.66 million

The Paycheck Protection Program’s $349 billion was snapped up in less than two weeks, with more than 1.66 million loans. Implemented on April 3, the PPP was part of the $2.1 trillion CARES Act which sought to add a financial stimulus to taxpayers and small businesses alike. But the plan was not without controversy as some large companies received PPP ...

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PHIL HARDWICK — Mortgage process illustrates solving pandemic economy not simple

It will be a sad and desperate time in a few months when millions of laid-off homeowners receive foreclosure notices. Add to that, the thousands of renters and commercial leaseholders who will face eviction. Is this a problem that can be solved now? And who will solve it? One idea is to simply call a timeout. Consider how a timeout ...

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