Troubled Asset Relief Program or TARP received $475 billion of the $700 billion initially authorized by Congress because of the the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). Latest daily TARP update from the US Department of Treasury showed that of the $456.56 billion obligated, Treasury had already received a total cash back of $414.27 billions or about 91%(as of May 10, 2013).
May 13, 2013 / read more...
Another Bummer Summer: Teen Unemployment Still at 24.1 Percent Going Into Summer 2013: "The Employment Policies Institute (EPI) released a new analysis highlighting the nation's staggeringly high 24.1 percent teen unemployment rate. Teen unemployment has exceeded 20 percent for over four and a half years - a fact that calls into question the wisdom of passing additional minimum wage increases that would price more teens out of the entry-level experience they need."
May 9, 2013 / read more...
Agriculture remains a prime economic engine in Mississippi, representing approximately 24% of the state's revenue (or over $7 billion) and providing approximately 29% of its jobs. Although agriculture is risky, subject to weather events and pest infestations, it remains the most necessary of vocations: of the 7 billion people in the world today, approximately a billion are malnourished. read more...
We were privileged to participate in this roundtable discussion and hope that you will benefit from the summary printed in this publication.
Beth Howell Hansen
Chief Executive Officer
Mississippi Association of REALTORS
As usual, this is an outstanding edition of "Economy Watch." Keep up the good work. This is a valuable publication for the business, government, and non-profit sectors
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