Business

Nominations for the 4th Annual Mississippi Top 50 Awards Now Open | Mississippi Politics and News – Politics Article

Mississippi is graced with tremendous talent in government, the political sphere, business, media and culture. The Mississippi Top 50 Awards were created to recognize those that help move the conversation in Mississippi forward, either by virtue of their position or their talents. Those honored are judged to be the most influential leaders in the state at this time. It is a bipartisan group that comes from the ranks of local, state and federal elected and appointed officials; political leaders; government…

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Mississippi Coast doctor on hand as President Trump signs orders aimed at lowering drug prices | Mississippi Politics and News – Politics Article

Last Friday, President Donald Trump signed four executive orders aimed at lowering prescription drug prices. Per a White House release, the President signed four sweeping executive orders which together will significantly lower the cost of prescription drugs while increasing access to life-saving medications such as insulin: The first order directs federally qualified health centers to pass along massive discounts on insulin and epinephrine from drug companies to low-income Americans. The second order will allow the safe, legal importation of prescription drugs from…

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Families, state to benefit from Mississippi Center for Medically Fragile Children | Mississippi Politics and News – Politics Article

The Mississippi Center for Medically Fragile Children, the first-of-its-kind in the state, is set to begin construction in 2021, as announced in December 2019. The medical status of its patients will vary. Some children who will live at this center have been injured in accidents. Others have congenital or genetic conditions, and still others may be dependent on ventilators or feeding tubes to survive, with many often relying on wheelchairs for mobility. What all of these cases have in common…

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On Reviving New York City – Politics Article

We now know a lot more about how to treat COVID-19. And the range of what’s available to treat this disease is, thankfully, improving. Operating our economy in slow motion until a vaccine is found, developed, and made easily available would, I suspect (and it’s not much of a guess) lead to disaster.  As I noted in a post on Friday: [I]f we are to avoid an economic catastrophe, some way has to be found of ‘living with’ this pandemic…

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Mississippi Banks Ask Consumers to Deposit, Use Spare Change Due to Coin Shortage | Mississippi Politics and News – Politics Article

Time to empty out the piggy banks to help small businesses. Mississippi banks are asking consumers to deposit their spare change at their local bank or coin-cashing machines as the pandemic-related shutdowns has created a coin shortage. When COVID-19 restrictions went into place, establishments like retail shops, school cafeterias, and laundromats—the typical places where coin enters society—closed, it significantly slowed the normal rate of coin circulation. Consumers then migrated to shopping online or, if in person, using debit and credit…

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Coronavirus & Economy: Recovery Falters Under New Uncertainty – Politics Article

Traders work on the first day of in person trading at the New York Stock Exchange in New York, May 26, 2020. (Brendan McDermid/Reuters) An article in Bloomberg has a round-up of generally depressing economic indicators here, and its authors note that: An unprecedented increase in new Covid-19 cases is slowing the pace of the U.S. economy’s recovery from the pandemic. Bloomberg Economics created a weekly dashboard of high-frequency, alternative and market-based data to track the economy’s plunge into recession…

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USDA Accepting Applications for Mississippi Hemp Production Licenses | Mississippi Politics and News – Politics Article

The Mississippi Hemp Cultivation Act (Senate Bill 2725) was signed into law on June 29, 2020. This act legalized the cultivation of hemp under a state plan to be created and implemented by the Commissioner of Agriculture and Commerce. Although the act allowed for a state hemp cultivation program, the necessary funding to implement the state program was not appropriated by the Mississippi Legislature. “I appreciate the Mississippi Legislature providing farmers with access to a new agricultural commodity.  However, the…

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MS Dept. of Revenue issues Temporary Suspension of ABC alcohol orders | Mississippi Politics and News – Politics Article

The Mississippi ABC has experienced unprecedented growth in its liquor orders over the last four months, the Mississippi Department of Revenues said Friday in a release. “We are experiencing a 29% increase in case sales. We have shipped over 1,330,000 cases of wine and spirits in the last 4 months. This has resulted in orders taking an average of one week for delivery. We currently have approximately 100,000 cases in our system waiting to be delivered,” the release stated. In…

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Four ways Lib Dem MPs stood up for those with no income – Politics Article

MPs’ inboxes at the moment are flooded with the millions of people who are getting no support at all during the Coronavirus pandemic. Imagine what that must feel like? It’s people like self-employed hairdressers, physiotherapists, cleaners, decorators, people who own self-catering holiday homes who have been left with nothing. Often their income from self employment was not that high anyway so they don’t have any sort of cushion. After almost 4 months of this, many are at breaking point. Liberal…

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ESG and Share-Price Performance | National Review – Politics Article

Notepad kept on table in empty conference room (Getty Images) I haven’t read the underlying paper (so all necessary caveats apply) from 2019, but, if this INFORMS report of its contents is accurate, it is of interest both as a reminder of the importance of investor perception in shaping a company’s market price (something that is both obvious and yet something that some “fundamental” investors can overlook), and for the awkward questions that it implicitly asks about “socially responsible” (to…

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KIEFER: Pandemic brings rural broadband opportunity, but we are squandering it | Mississippi Politics and News – Politics Article

Thousands of families in Mississippi cannot receive a cellphone call in their homes because of weak signals — a problem that the Department of Education plan to buy them a wireless hotspot that depends on the cellphone network will not cure. Thousands more depend on AT&T’s abandoned copper wires in the ground for decaying and failing 4 Mbps DSL service. The balance of unserved and underserved rural Mississippians depend on expensive satellite connections with capped data and throttled speeds that…

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Macy’s announces it will lay off 3,900 ‘corporate and management jobs’ – Politics Article

Macy’s flagship store in New York City, 2020. On Thursday, retail giant Macy’s announced new “restructuring” plans to “address sales impact from the COVID-19 pandemic.” According to Macy’s, the company—like most retail businesses—is facing steep declines in profits as a result of the current public health and economic crises. To that end, Macy’s says it will be eliminating about 3,900 “corporate and management” jobs, while the rest of the already-furloughed workforce plan on returning to work by July 5. Macy’s says it…

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Mayor Michael Bloomberg Says Only Minorities Commit Crimes – Politics Article

For a man who was the Mayor of one of the most diverse cities in the world, the question of crime should not be a racial issue. But not to Mayor Michael Bloomberg. To him, crimes only happen in the black and brown communities and only minorities commit crimes. Speaking to a mostly white audience in 2015, Bloomberg said police throughout the U.S. should focus on minority communities “because that’s where all the crime is.” Bloomberg who was speaking to…

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WATSON: How Mississippians can help get our businesses back on track | Mississippi Politics and News – Politics Article

COVID-19 has undermined the wellbeing of Mississippi far beyond the scope of public health. Businesses are closing, and, more often than not, their owners and workers can do little to nothing to stem the change in economic tides. The temporary shutdown did more than send workers home for a few months; it has paved the way for a historic economic shift. The threat of the virus and social distancing efforts are propelling our online infrastructure more rapidly than for which…

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