Kemper rate increases even felt on the soccer pitch

By   /  August 18, 2014  /  Budget and Spending, Economy, Energy and Environment, Local Government, Mississippi, State Politics, Technology, Uncategorized  /  No Comments

STILL UNDER CONSTRUCTION: The Kemper Project, a first-of-its-kind power plant that converts pulverized coal dust into natural gas-like syngas to fuel power-generating turbines, has ballooned from an original cost of $2.4 billion to nearly $5 billion. The plant is scheduled to open in the fourth quarter of this year, according to the Southern Company. PHOTO BY: THE SOUTHERN COMPANY

The battle over Mississippi Power’s Kemper Project $5.53 billion first of its kind “clean coal” power plant has been waged in the hearing room at the Public Service Commission and in the Mississippi Supreme Court.

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Mississippi taxpayers could be on the hook for $69 million loan to KiOR

By   /  August 13, 2014  /  Economy, Energy and Environment, Government Regulation, Mississippi, News, Politics, State House, State Lobbying, State Politics, State Senate, venture capital, Wasteful spending  /  No Comments

IDLE: The Kior plant in Columbus, Mississippi is designed to turn wood chips into gasoline. The state loaned the company $75 million with a no-interest loan to build the Columbus facility and a larger plant in Natchez in 2010.

Biofuel manufacturer KiOR’s financial struggles might leave Mississippi holding the title to another failed green energy project.

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Minnesota cafe shows customers the cost of minimum wage hike, Internet gets mad

By   /  August 13, 2014  /  Business, Economy, Issues, Minnesota, National, News, State Government  /  No Comments

MID-DAY AT THE OASIS: The Oasis Cafe is about as nondescript as any other small diner in middle America - you'd drive right past it if you weren't looking for it.  But it's been at the latest epicenter in the national political fight over the minimum wage.

The higher minimum wage means higher costs for many businesses in Minnesota, hitting small restaurants and other mom and pop shops particularly hard. Many likely will increase their prices a few cents to cover those costs. Some may lay off staff or avoid hiring new workers. In either case, there are consequences of a higher minimum wage, but they remain unseen.

At the Oasis Café, owner Craig Beemer decided to make the costs visible — right at the bottom of each customer’s check.

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Mississippi may eliminate corporate franchise tax

By   /  August 12, 2014  /  Economy, Legislature, Mississippi, News, State Elections, State House, State Politics, State Senate, Taxes  /  No Comments

WELCOME, WHERE'S YOUR MONEY: Thoroughfares, including Interstate 20, i-59 and I-10 in Mississippi could have toll booths if a White House transportation bill passes, opening the way for tolls on America's interstates.

If Mississippi Lt. Gov. Tate Reeves has his way, one of the state’s most onerous taxes may be on the chopping block.

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Navy shipbuilding crisis has far-reaching consequences

By   /  August 7, 2014  /  Budget and Spending, Business, Economy, Military, Mississippi, News  /  No Comments

PHOTO BY: U.S. Navy

The U.S. Navy’s shipbuilding crisis is demonstrating far-reaching effects on the nation’s economy and foreign policy goals.

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Mississippi seems to have a misspending problem, audit shows

By   /  August 5, 2014  /  Abuse of power, Economy, Government Waste, Local Government, Mississippi, Misuse of funds, Multi fraud, News, Politics  /  No Comments

PHOTO ILLUSTRATION BY: Steve Wilson

By Steve Wilson | Mississippi Watchdog
The annual exceptions report released by the Mississippi Office of the State Auditor is a rogues’ gallery of public servants caught with their hands in the cookie jar.
The report details all of the misappropriated or misspent public funds (plus criminal charges) for the fiscal year that ended on June 30 and what [...]

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