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Has investor panic reached its peak?

Last year proved to be one of the most volatile in U.S. stock market history. Investors watched as the value of their investments and retirement plans went up and down with astonishing speed. While all Americans have always felt the pinch when the stock market takes a nosedive, the average American’s exposure to the stock market widened in 1980 with ...

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‘Tobacco tax’ still has folks smokin’ hot

Gov. Haley Barbour’s State of the State speech last week brought no major surprises for what was in it, but one minor one for what was not. Barbour, as expected, warned lawmakers that this session would be full of tough budget decisions and that no state agency would be exempt from cuts. An issue that has been at or near ...

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Booth traffic thrives for vendors at EXPO

There was a lot of trickery going on Thursday morning on the activity aisle of the Mississippi Business and Technology Expo. Magician Robert Day had drawn a crowd of almost 20 people at his booth and was dazzling them with card tricks and sleight of hand that left eyes wide and jaws dropped. “Ooooohhhh, man,” said one man after Day ...

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Garner named MBJ’s newest Business Woman of the Year

The Mississippi Business Journal had been conducting the 50 Leading Business Women program for several years when a staff member had an epiphany. If the 50 Leading Business Women were the best in the state, then choosing one as the best of the best would make her Business Woman of the Year. With that, a new awards program was born ...

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Economy, rough weather create 'perfect storm'

The year 2008 was a stormy one – literally and figuratively. The economic recession and a string of weather-related disasters impacting practically the whole state combined to create the “perfect storm.” Janita Stewart, district director, U.S. Small Business Administration, Mississippi District, said, “As is the case throughout most of the country, SBA lending in Mississippi is challenged due to the ...

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American television is going digital on Feb. 17. Or is it?

American television is going digital on Feb. 17. Or is it? In 2005, Congress mandated that broadcasters switch from analog to digital broadcasts. In addition to being more efficient, digital frees up valuable chunks of wireless spectrum. The newly available room on the airwaves can be used for commercial wireless services as well as for emergency-response networks. For those households ...

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State’s sales tax revenues plummeted in December

The national economy has been nose-diving the past year, with the effects manifesting themselves in Mississippi in the form of lost jobs and declining revenue. But the drop in tax collections for December was the most telling sign yet that Mississippi could have a financially troubled 2009.Revenue for December came in 9 percent, or approximately $32 million, short of estimates. ...

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Budget, tobacco tax likely to be biggest sticking points starting the session for … 2009

The 2009 legislative session gets underway Jan. 6, and the prevailing theme is likely to be the state’s budget – specifically, making ends meet when money is tight. If a handful of pre-session hearings are any indication, funding the state’s $90-million obligation will take center stage once serious budget crafting begins. Like last year, two proposals – one that would ...

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