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Mississippi moves tax filing deadline to May 15

While taxpayers have gotten an extension until July 15 to file their federal taxes, they’ll only get a one-month reprieve from Mississippi. The Mississippi Department of Revenue said it was “aware of the new pressures on the business community and state governments” due to the COVID-19 pandemic. “We are committed to doing what we can to help provide relief and ...

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99-cent gasoline foreseen as a definite possibility

By JACK WEATHERLY Ninety-nine cents for a gallon of gasoline? When was that? Back in the ’60s? How about later this year?  “I don’t think I’ve ever seen such a collapse in prices, even including the Great Recession. What we’re witnessing is easily going to go down as the great collapse in oil demand,” said Patrick DeHaan, head petroleum analyst ...

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State economist sees recession here and elsewhere as COVID-19 fight continues

Analysis of pandemic flu scenario puts Mississippi economic loss at $4.9 billion   By TED CARTER Other than saying a national recession is a certainty as the coronavirus shutdown grows, Mississippi’s state economist Darrin Webb is not publicly projecting where the state’s economy will drop to in the days ahead. For now, Webb’s forecast is for the nationwide recession to ...

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Making sense of Wall Street — UM chair of economics explains stock market situation

Jon Moen, professor and chair of the Department of Economics at the University of Mississippi, is parsing some of the financial terms zinging around the news amid the COVID-19 pandemic and offering insights into the state of Wall Street during an unprecedented plummet – one he does not believe is comparable to the Great Recession in 2008. Moen earned his doctorate from ...

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Brunini named VP at Ross and Yerger

Tony Brunini was recently named a Vice President at Ross & Yerger. In addition to a VP, Brunini is also a Shareholder and a Producer for the Property Management Division. Brunini has his Masters of Business Administration from Millsaps College and Bachelor of Arts degree from The University of Mississippi. Brunini has three children, Brockman, Elliott and Adeline and he ...

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Ross and Yerger promotes Haralson

Jacob Haralson was recently named a Vice President at Ross & Yerger. In addition to a VP, Haralson is also a Shareholder and a Producer for the Oil & Gas Services Division. Haralson has his Masters of Business Administration and a Bachelor of Business Administration degree from The University of Mississippi. He and his wife Anna reside in Jackson with ...

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Weeks named VP at Ross and Yerger

Holley Weeks was recently named a Vice President at Ross & Yerger. In addition to a VP, Weeks is also the Risk Management Analyst in the commercial lines division. Weeks is a graduate of Mississippi State University with a Bachelors of Business Administration in International Business and a BBA in Economics and a BA in French. She also has her ...

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Stock trading is halted again as S&P 500 index drops 7%

Stock trading has been halted for the fourth time this month Wednesday as S&P 500 drops 7%. Trading will resume in 15 minutes. The automatic circuit-breaker was triggered around 1 p.m. Eastern time as President Donald Trump and other officials were updating reporters on measures to combat the coronavirus. Markets have been highly volatile in recent weeks as the outbreak ...

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BILL CRAWFORD — Mississippi ignores conservative way to tax

As you lurch over another crevice in your favorite rural highway, here are some facts you can use to dull your senses. That apparently works for our state leaders. Mississippi has the third lowest gas tax rate among the 50 states. The lowest is Alaska at 14.4 cents per gallon. Second is Missouri at 17.4 cents. Then comes Mississippi at ...

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BILL CRAWFORD — Despite cash infusion PERS’ ship keeps sinking

Here we go again at PERS, the state employee retirement system. Despite last year’s promise to legislators that a boost in employer contributions would right the ship, the ship sank again in FY 2019. The latest Actuarial Valuation Report (delayed until after the election) showed PERS’ unfunded pension liability jumped up $1 billion, from $16.9 billion to $18 billion. The ...

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