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Tag Archives: recession

MBJ Editorial: Education remains atop state’s business wish list

Nearly eight out of 10 Mississippi business leaders (79 percent) believe our state can experience the same type of economic success as other high-growth Southern states. That is according to a report on the results gathered during in the Mississippi Economic Council’s Blueprint Mississippi Road Show. More than 2,000 took part in the electronic voting process, and an additional 1,000 ...

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Report: Mississippi's foreclosures fall — slightly

ACROSS MISSISSIPPI — The number of Mississippi homeowners facing foreclosure has taken a slight dip. Irvine, Calif.-based RealtyTrac, which tracks foreclosures nationwide, said that in April, foreclosure-related actions were taken against 361 properties in Mississippi. Those actions ranged from an initial notice of default to outright repossession by a lender. Last month, 149 properties were scheduled for a foreclosure sale. ...

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PCA: Construction recession could last another 18 months

SKOKIE, Ill. — While the economic recession is over and economic growth is strengthening, the construction recession may not run its course for another 18 months, hindering an improvement in cement consumption for the next two years, according to the most recent economic forecast from the Portland Cement Association (PCA). In 2011, PCA anticipates marginal growth with a 2 percent ...

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Barbour, lawmakers still at odds over state budget

JACKSON — The Governor’s Office met again yesterday with key budget writers as state leaders continued trying to reach an agreement on a spending plan for next fiscal year and resolve the budget issues that are about to put this year’s session into overtime. House Education Committee chairman Cecil Brown, D-Jackson, who’s also a chief budget architect, said the Democrat-led ...

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Lawmakers want Barbour to divulge stimulus spending

JACKSON — Several lawmakers say it’s been difficult to get information from Republican Gov. Haley Barbour on how he’s spending nearly $50 million in federal stimulus money he’s allowed to use at his own discretion. Barbour’s office didn’t release details about this year’s allocation of his discretionary fund to The Associated Press until AP filed a request through Mississippi public ...

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IHL: Unemployment slowing economic recovery

JACKSON — The Jan. 2011 issue of the “Mississippi Economic Review and Outlook,” published by the Center for Policy Research and Planning of the Institutions of Higher Learning (IHL), is now available online at www.mississippi.edu/URC. This issue presents the state economic forecast for 2011 to 2015, and includes detailed employment forecasts by sector. Regional, national and international developments impacting the ...

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IHL: Slow job growth forecast for Miss.

Mississippi’s recovery from the recession will be slow with overall employment not reaching the state’s record – set in 2000 – until 2015, according to an economic forecast. A study by the state Institutions of Higher Learning predicts an average annual employment growth rate of 1.5 percent annually from 2011 through 2015, only slightly below the national forecast of 1.7 ...

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Buffett: In his view, recession continues

OMAHA, Neb. — Billionaire Warren Buffett says the economy remains in a recession, by his definition, because most people and businesses still aren’t doing as well as they were before the financial crisis. Buffett talked about the economy and his Berkshire Hathaway Inc. businesses in an interview that aired yesterday on CNBC. Buffett’s assessment of the economy contradicts the view ...

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