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12/13 Dow Recovers Nearly Five Percent

Thursday trading saw the Dow careen back up at the close, presumably on bargain hunting and the sense that a Dow of 8,000 (which it reached briefly) is a floor for this bear market. The real story, however, was intraday trading...there were 911 points between the Dow's low and high. It closed up 552 points, it's third greatest point gain in history.

Markets Tumble Another 5 Percent

Fed Chairman Ben Bernanke signaled an interest rate cut and acknowledged long-term challenges to the state of the economy, but it couldn't keep the Dow from losing another 5 percent, the NASDAQ nearly 6 percent and many bank stocks from taking a huge hit. The markets have experienced their worst five-day point drop ever, with the Dow losing nearly 12 percent of its value.

State's First Legal Distillery Opens

Beginning Wednesday, May 19, Mississippi liquor stores will offer a truly local spirit. Cathead Vodka, the first legally distilled spirit in the state, goes on sale this week, after a nearly three-year development process. The corn-based alcohol is a joint venture of Jackson native Austin Evans and Georgia transplant Richard Patrick.

10/16 And, Dow Back Up Again…But Recession Fears Still Loom

The Dow was down as much as 360 points today in intra-day trading but ended up 400 points or nearly 4.7 percent. Some of the rally seemed to be a result of oil prices that have dropped to almost half of their record high earlier in the year; those numbers withdrew some short-term inflationary fears and helped send airline stocks up.

11/6 Markets Down Two Days Running

After losing over 500 points yesterday in the wake of the American presidential election win by Senator Barack Obama, the Dow is down another 440 points in mid-day trading. CNN Money says the sell-off is accelerating on concerns that falling oil prices and problems in the U.S. auto industry will be harbingers for a longer recession.

Peaches Restaurant

Peaches Restaurant has been a soul-food Mecca on Farish Street since Wilora "Peaches" Ephram first opened the doors in 1961. Her son, Roderick Ephram, is proud of the rich history and symbolism his mother's restaurant has in the city of Jackson.

More Bad Economic News—Huge Job Losses in September

The New York Times is reporting:

Big 3 Bailout Still Contentious

The proposed Congressional bailout of Detroit's Big 3 Automakers is proving to be fraught with landmines of opposing opinion. In today's New York Times, Republican Sen. Mitch McConnell says that the proposed bailout is "deeply flawed":

Stocks Rally After New Treasury Pick Announced

Good news on Wall Street for a change, per Bloomberg:

Coast Ink Embroidery and Screen Print

Where some people see obstacles, Keith Richardson sees opportunities. Originally from Moss Point, Richardson, 28, opened Coast Ink Embroidery and Screen Print with four childhood friends in 2005, after graduating from college the year before.

Entergy Caught with Hand in Louisiana Cookie Jar

[Verbatim, December 23, 2008] Jackson, MS--Attorney General Jim Hood announced today that the Louisiana Public Service Commission (LPSC) has found an Entergy affiliate guilty of the same illegal conduct that is included in his lawsuit recently filed against Entergy Mississippi, Inc.(EMI), Entergy Services, Inc.(ESI), Entergy Power, Inc. (EPI) and Entergy Corporation (Entergy). By order dated December 4, 2008, the LPSC found that Entergy Louisiana, L.L.C. (ELL), an affiliate of the parent company, Entergy Corporation (Entergy), improperly recovered, through its fuel adjustment clause (FAC) non-fuel costs which are prohibited by law, specifically these costs included non-fuel operation and maintenance expenses and "hypothetical SO2 allowance costs" paid to its affiliates. These "hypothetical SO2 allowance costs" were disallowed from present-January 2002.

Hope Community Credit Union Merges with American Savings

[verbatim release] JACKSON, Miss., Jan. 6 /PRNewswire/ -- Hope Community Credit Union (HOPE) and American Savings Credit Union (ASCU) announced today that the two organizations are joining in a merger transaction. The merger became effective January 1.

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.

Olde Tyme Commissary

Tucked away in Highland Village's myriad shops is Olde Tyme Commissary, a fixture there since 1972. The store features children's toys and costumes, fine-tailored baby clothes, and educational toys and games, but shoppers can find its true character in the shop's hand-painted items and in its owner, Sandra Weber.

Don't Be Evil

There was a time when Google represented that feeling you got watching Jonny Lee Miller and Angelina Jolie do battle with The Man in "Hackers" or Ryan Phillippe go toe-to-toe with Tim Robbins' corporate tech mogul in "Antitrust."

Jackson Area Businesses Open, Close and Give Awards

BRAVO! Restaurant in Jackson is asking its patrons for stories of the people who changed their lives. The upscale Italian restaurant is giving away $600 in gift cards for the best story of a life-changing person posted on its Facebook page. The contest is a creative way of launching the restaurant's presence on the social-networking Web site, BRAVO! co-owner Jeff Good told the Jackson Free Press.

Indeck Magnolia BioFuel Center Breaks Ground

Indeck Energy Services, Inc. of Buffalo Grove, Ill., and Homan Industries of Fulton, Miss., ("The Partners"), invite you to attend the ground breaking ceremony for Indeck Magnolia BioFuel Center wood pellet production plant on Thursday, November 20, 2008 at 12:00 p.m., 1610 North Clark Avenue, Magnolia, MS, 39652.

Business Owners of Both Parties Supporting Obama

USA Today is reporting the surprising trend of Republican business owners supporting Barack Obama for president, ending with this quote from one: ""I would rather pay a little higher tax on a higher profit than a lower tax rate on lower profits." Here's some more:

Pearl River Resort Cuts 570 Jobs

The Pearl River Resort in Philadelphia is laying off 570 non-Tribal employees and closing the Golden Moon Casino on weekdays. The Neshoba Democrat reports that the Golden Moon has been a financial strain on the resort, which is managed by the Mississippi Band of Choctaw Indians, since it opened in 2002. The economic recession hitting the state and the entire country has not helped, either.

Apple Posts Strong Quarter; Yahoo! Cuts Jobs

The NASDAQ eagerly awaited reports from two stalwart tech stocks after the bell rang today. Apple offered up one of its best quarters in its history, but with unsteady guidance for fiscal Q1 2009. (Apple's first fiscal quarter of each year corresponds with the holiday quarter, calendar Q4 2008.) Apple posted revenue of $7.9 billion and a profit of $1.14 billion, compared to $6.22 billion and net quarterly profit of $904 million in the year ago quarter.