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10/21 Markets ‘Sell' on Recession Fears

The DOW stayed above 9000 today, but still dove over 230 points, down 2.5 percent, with the market focused on some tough earnings reports from banks and financials. Deep into earnings season, fears have turned to recession, even as credit markets appear to be loosening somewhat.

Bloomberg: Bush Backing Down on Spending Rest of Bailout

Boomberg News is reporting that a beleaguered President Bush is backing down on spending the rest of the bailout package. The Bush administration is under fire for spending half of the bailout in ways that were not intended by Congress. Bloomberg:

Half-Million Jobs Cut in November

The Washington Post is reporting job losses of 533,000 in November, affecting construction, computer makers, auto dealers, clothing stores, banks and insurance companies. Here's a snippet from the story:

Healthy Body Health Food Center

Bessie Washington's painful joints, fatigue and migraines sent her on a search for herbal remedies. What she discovered worked so well for her that she and her husband, John, opened Healthy Body Health Food Center, Sept. 29, 2006, with the motto, "Helping you to a healthy body, nutritionally."

Jaro, Staxx Featured in Clarion-Ledger

Cheers to Jaro and Staxx for all the hard work they do for Jackson. We're very proud.

Today, The Clarion-Ledger featured JFP photographer Jaro Vacek and John "Staxx" Tierre in a story about Staxx's company Blockwear distributing in the Czech Republic with Jaro's help. We consider Staxx a member of the family, too, having featuring his clothes several times in JFP shoots. And, last October, Charlie Braxton wrote in the JFP about Staxx, and other local hip-hop designers who are distributing nationally and internationally last October. We also featured Staff as a young businessman to watch in April.

Americans, Wall Street Shrug Off Mad Cow

Reuters reports:: Investor concerns that consumers would shun beef after last month's discovery of the first U.S. case of mad cow disease appear to have evaporated as shares of steakhouses and hamburger chains have snapped back to their previous levels.In the days following the Dec. 23 announcement, restaurant stocks fell hard on fears that meat from a cow with the deadly brain-wasting disease, formally known as bovine spongiform encephalopathy, had entered the food chain. Humans can contract a form of the disease known as variant Creutzfeldt-Jakob Disease by eating infected beef."

The iPad v. Laptop Debate

A hard-drive crash that forced me to reinstall the operating system on my 4-year-old MacBook interrupted work on this week's column.

Shop Local: Liz Henry, Fondren Traders

We just heard about two great retail sales—one at Liz Henry and another at Fondren Traders, both in Fondren. Both are discounting their very stuff up to 40 percent to make room for fall merchandise. Head on over there and tell 'em the JFP sent you.

Hacking Education

Let's take a little diversion from talking about hardware, software and tech companies this week. All the recent discussion about charter schools and virtual charter schools got me thinking about the role technology does and should play in education of our children.

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:

11/26 Dow Continues Up Going into Holiday

The Dow has been up for four straight days, apparently responding to action taken by the Barack Obama transition team as it names its cabinet and bevy of advisors, along with hints that a solution for ailing automakers may be in the works.

11/10 Dow Dips Under 8,900

While the dip wasn't as dramatic as in weeks past, the Dow did fall less than a point today lead by U.S. automotive stocks that are taking a hit as they seek a government handout from the government. GM is warning that it's running low on operating capital, while Ford's stock is trading at $1.93, down 4.5 percent.

Handy Hardware Coming to Mississippi

[verbatim from the Governor's office]

Jackson, Mississippi - Governor Haley Barbour announced today that Handy Hardware, a member-owned hardware buying group, will open a distribution center in Meridian. The company plans to employ more than 150 people.

Don't Let Holiday Deals Become Holiday Debt

The Consumer Credit Counseling Service of Jackson cautions consumers to avoid impulse purchases this holiday season. [Verbatim from press release.]

Campbell's Bakery

Sedrick and Malinda Lilley, owners of Campbell's Bakery, have always wanted to be the owners of a business. In November 2008, this became a reality when they re-opened Campbell's Bakery.

Your Springtime Backup Assessment

Did you know that every hard disk made has a specification called "mean time between failures" or MTBF? ("Mean," if you remember back to grade school, is the same as "average.") In other words, all hard drives fail eventually; it's just a matter of time.

Joyflow Yoga

Debi Lewis has been at her new Joyflow Yoga location since 2009, but has been teaching and developing her style of yoga for 18 years. She connected earlier health problems to posture, and constant shoulder tension from her job as a seamstress. A friend suggested she try yoga, and her life changed.

1.6 Million Women Sue Wal-Mart for Discrimination

The NY Times reports: "A federal judge ruled yesterday that a lawsuit that accuses Wal-Mart Stores Inc. of discriminating against women can proceed as a class action covering about 1.6 million current and former employees, making it by far the largest workplace-bias lawsuit in United States history. The lawsuit, brought in 2001 by six women, accuses Wal-Mart of systematically paying women less than men and offering women fewer opportunities for promotion. The lawsuit stated that while 65 percent of Wal-Mart's hourly employees are women, only 33 percent of Wal-Mart's managers are.

Detroit and Buggy Whips

Back in the days when personal computers, internet use and e-mail was in the process of becoming ubiquitous—not so very long ago—I heard a lot of talk about buggy-whips. In the business I was in at the time, graphic design and typesetting, we had a somewhat haughty opinion about all this new-fangled technology, allowing the untrained and untalented to produce amazingly ungainly advertising and marketing materials.

Dreamz Jxn

Located on the corner of Gallatin and West Capitol streets, Dreamz Jxn is a three-story club and entertainment complex in downtown Jackson with 25 plasma TV screens, VIP rooms, three bars and three dance floors.