Biz+Tech

JUST IN: House Passes Bailout Plan 263-171; Stocks Rally, Then Fall

See: JFP Business Blog

The U.S. House of Representatives today passed the Senate's bailout plan on the second try. Mississippi congressmen voted the same as they did Mondaywith the three Democrats opposing the bailout and the lone Republican, Rep. Chip Pickering, voting for it. Roll call vote here.

More Bad Economic NewsHuge Job Losses in September

The New York Times is reporting:

Dow Down 350, Unemployment Highest Since Sept ‘01

Stocks were down again on Thursday despite news that the Senate had passed a $700 billion Wall Street bailout package amid reports that credit was tight, and today's unemployment report indicated a continued slow-down in the economy. The Dow lost nearly 350 points, closing further down than it had after its precipitous drop on Monday. While it appeared that Congress might act on the bailout bill before the week ends, other economic news kept stocks from rebounding:

Senate Passes Bailout Plan 74-25; Wicker and Cochran Oppose

In start contrast to the House of Representatives Monday, a bipartisan majority of senators voted for a bailout plan tonight. Mississippi Sens. Thad Cochran and Roger Wicker were among the small number of senators who voted against the plan.Read more.

Max Contemporary Furnishings

While the retail landscape is changing all over the metro, the real renaissance has been happening in Fondren for years. There couldn't be a more apt benchmark to measure its success than Max Contemporary Furnishings in the Fondren Corner building.

[Jones] Time to Think, and Hire, Local

Calls coming last week from Oxford, my hometown, suggested that the mood of local residents was shifting toward disgruntlement as they waited to hear if John McCain would show up for the presidential debate.

Daily Journal: ‘Childers, Musgrove, Davis Talk About Crisis'

Patsy Brumfield of the Daily Journal talks to several of the state's congressionals and candidates for Congress about the financial crisis. (Interestingly, the paper's headline leaves out the name of senatorial candidate Erik Fleming of Jackson, who is also quoted in the piece. OK, we will refrain from pointing out that they left out the black candidate because we're sure it was on oversight.) Anyway:

Coca-Cola Providing Recycling at State Fair

[Verbatim] JACKSON, Oct. 1, 2008- Jackson Coca-Cola Bottling Company, in partnership with the Mississippi State Fair Commission, Hinds Community College and the Hinds County Sheriff's Office, announced today plans to make recycling an option for visitors at this year's Mississippi State Fair. Jackson Coca-Cola Bottling Company employees will place 20 recycling bins, shaped like Coca-Cola bottles, on the state fairground's Midway near concession stands during the State Fair, October 1-12, 2008.

Crye-Leike Realtors Achieves 100% in United Way Campaign

[Verbatim] RIDGELAND, MS., – Crye-Leike, Realtors congratulates it's sales associates and employees in Ridgeland Mississippi for their support of the 2008 United Way Campaign. Under the leadership of Broker Associate Shari Lackey-Culver, the sales team achieved 100% participation. "I want to thank my fellow associates for their support and for realizing that we really can make a difference in the lives of those less fortunate," said Shari. "While we always hope to raise more money than we did the year before, it's equally important to have everyone participate and together we can have a profound impact on the lives of our neighbors.

Alltell Arena Update Thursday and on WLEZ Wednesday

[Verbatim from Ben Allen of Downtown Jackson Partners] ARENA MEETING UPDATE

If you are receiving this email, you are one of 70 people confirmed for our Arena Meeting and Luncheon, Thursday October 2nd, at theTelCom Center. The time for lunch has been changed to 11:30 until 12:20. Representatives from the Governor's Office, the Senate, the House, the Council, the Board of Supervisors, MDA, JRA, the Mayor, Chamber, JCVB, DFA, UMMC, JSU, the City, Clarion Ledger, JFP, JPD, JPS, HCEDD, WAPT, CCCC, Arts Council, Mississippi Mainstreet, Mississippi Business Journal, Jackson Progressives and a host of citizens are pre-registered. The program will begin at 12:30 sharp. If you know of others who wish to come to the meeting at 12:30, please ask them to e-mail me at [e-mail missing]. Seating is limited. *The 11:30 until 12:20 "Deli Sandwich Buffet Luncheon" is filled.

Barr Praises House for Rejecting Wall Street Bailout

[Verbatim] Atlanta, GA – "Few people thought it could be done, but members of Congress listened to the people rather than the establishment to vote down the proposed $700 billion bailout of Wall Street," notes Bob Barr, the Libertarian Party presidential nominee. "Their courageous action gives us a chance to start over. Our starting point should not be a government bailout. It should be a market work-out," says Barr. "The bailout package was flawed from front to back, starting with its price tag," Barr explains, noting that a Treasury Department spokesman admitted to Forbes.com that the data was 'not based on any particular data point.'

297,000-square-foot Distribution Facility Available in Baldwyn, Miss.

* 202,320 square feet -Distribution/Manufacturing

A 297,000-square-foot Distribution / Warehouse / Manufacturing facility is available 20 miles from new Toyota plant in Blue Springs, Miss.:

Working Women Demand Family and Economic Policy Focus

[Verbatim] As Governor Palin and Senator Biden prepare for the V.P. debate, much attention will be paid to the role of women voters and how they may decide the outcome of the elections. In the meantime, a growing working women's movement is advocating for policies that value families at work, such as paid sick days, equal pay and the flexibility to take time off to care for a sick child or attend a parent-teacher conference. Polling shows Americans, particularly women, support these issues. While many are asking how Sarah Palin manages work and family responsibilities, advocates argue the real issue is making it possible for all workers to meet their family responsibilities without risking their jobs or their paychecks.

SEIU: Stand Up for Main Street

[verbatim] WASHINGTON, DC – With Congress continuing to debate a bailout of Wall Street banks, Senators will hear from voters this week calling for action on the economic priorities of Main Street. The two million-member SEIU (Service Employees International Union) announced today it will make 150,000 calls this week to Senators running for reelection, criticizing them for failing to take action on a broader stimulus package to ease the economic pain of working families.

Ellington