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What can’t go on forever won’t
By KELLEY WILLIAMS
Thu,05/16/19-10:52AM , 2,111 Reads
This version of Stein’s Law could be about lots of long running Ponzi schemes. Mississippi’s under-funded Public Employee Retirement Fund, for example, where employee contributions and investment returns don’t and won’t cover payments to retirees.
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Rivers flow to the sea
By KELLEY WILLIAMS
Thu,03/07/19-1:57PM , 3,339 Reads
Gravity is a fundamental law of nature. It makes rivers flow to the sea. If the natural flow is blocked, there are consequences. The U.S. Army Corps of Engineers blocked about 40 percent of the Mississippi River’s peak flow to the Gulf at Morgan City in 1964. The delayed consequences today are unnatural floods on the Lower Mississippi.
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When politicians direct capital
By KELLEY WILLIAMS
Wed,02/20/19-2:34PM , 1,749 Reads
Bad things often happen when politicians direct capital. A recent lead editorial in The Wall Street Journal provided some examples. One was some of the highest electric rates in the country. That sounds like Mississippi Power’s monopoly service area in southeast Mississippi. But the WSJ editorial was about California’s PG&E utility.
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Déjà vu all over again
By KELLEY WILLIAMS
Thu,01/31/19-3:50PM , 2,456 Reads
On January 15, 2016, the Mississippi River at Vicksburg reached 50 feet — seven feet above flood stage. It was the highest January crest since 1879 when Congress put the Mississippi River Commission (MRC) and the U.S. Army Corps of Engineers (Corps) in charge of flood control. A freak January flood.
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