Jackson Free Press

The Mississippi Board of Trustees of State Institutions of Higher Learning released the following verbatim:

More than 95 percent of jobs created during the recovery have gone to workers with at least some college education, while those with a high school diploma or less are being left behind, according to America’s Divided Recovery: College Haves and Have-Nots, a recent report from Georgetown University’s Center on Education and the Workforce.

Understanding the crucial link between higher education and economic development, the Mississippi Board of Trustees of State Institutions of Higher Learning and the Mississippi Development Authority have worked together for decades to leverage higher education assets to attract business and industry to Mississippi. The two entities formalized this partnership through a Memorandum of Understanding signed by Glenn McCullough Jr., Executive Director of the Mississippi Development Authority, Dr. Douglas W. Rouse, President of the Board of Trustees of State Institutions of Higher Learning and Dr. Glenn Boyce, Commissioner of Higher Education, at a Board of Trustees meeting held today in Jackson.

In collaboration with Mississippi’s eight public universities, the Board of Trustees and MDA will showcase Mississippi to companies that will create jobs and invest capital.

“Mississippi's public universities are a strategic advantage in community and economic development so MDA is pleased to formally recognize our partnership with the Institutions of Higher Learning to provide new career opportunities for Mississippians,” said MDA Executive Director Glenn McCullough, Jr. "Working together, MDA and the IHL will aggressively leverage the assets we share to accelerate economic opportunity for Mississippians throughout the state.”

As outlined in the MOU, the expected outcomes include: Increased pipeline of companies to consider Mississippi for expansion and growth Increased number of corporate contacts and project leads for MDA Increased opportunities for corporate entities and Mississippi’s public universities to support one another Defined and mapped catalog of the respective economic development strengths of Mississippi’s public universities Increased business growth across the state Stabilization and growth of jobs in defined sectors

“Working together, our university system and the state’s economic development engine can build on our collective strengths for the benefit of the state,” said Dr. Glenn Boyce, Commissioner of Higher Education. “This Memorandum of Understanding better defines our roles and efforts, enabling the partnership to become a force multiplier for the state’s economy.”

Some of the planned efforts include shared marketing messages, joint outreach to strategic clients and business leaders and identifying and supporting shared legislative priorities. Each organization will designate a representative to serve as a point of contact and liaison for the effort who will support the goals of the MOU.

In addition to the MOU signing, another initiative was announced at the ceremony. This initiative is an online tool designed to help recent and soon-to-be graduates find jobs in the state, www.msgradjobs.com. Set to complete the pilot phase and begin statewide implementation soon, the site allows students to receive email alerts when jobs in their desired career tracks become available. The online tool was conceived by Mark Henry, …

College football players only have a few chances left to impress NFL scouts before the NFL Combine or Pro Days at college campuses around the nation. Two of those opportunities take place this week with two all-star games.

Jackson State defensive end and linebacker Javancy Jones will try to grab the spotlight this week in the 92nd annual East-West Shrine Game. He ended up being a late addition to the roster after he got word late last week that he was headed to Tampa, Fla., for the game.

Jones and the other players will get coaching from top NFL assistants whose teams didn’t reach the playoffs. This serves two purposes: to give assistants the chance to develop into head coaches and to give the players a chance to learn from top NFL coaches.

During his time at Jackson State, the Macon, Miss., native became one of the greatest Tigers in the long and proud history of the program. He also dealt his mother being sick and played for three different head coaches.

In his final season, Jones racked up 82 tackles, 19.5 tackles for a loss, four sacks, two forced fumbles and one pass break up. Those numbers could have been better, but Jones missed most of the Grambling State game and next game against Arkansas-Pine Bluff due to a knee injury.

After the season ended, the JSU great was named All-SWAC at defensive end and linebacker. He was a finalist for the second year in a row for the Conerly Award and won the popular vote over the eventual winner, Evan Ingram (2,862 votes), as Jones earned more than 3,000 votes.

He earned SWAC Freshman of the Year honors in 2013 and was named All-SWAC three years while at JSU, with the exception of the 2014 season. He was named Preseason All-SWAC in his final three years with the Tigers.

In his illustrious career at JSU, the star defensive player was named to seven All-American teams: STATS, BOXTOROW and the American Football Coaches Association.

An impressive showing this week at the East-West game could help Jones end up with an invite to the NFL Combine, which is from Feb. 28 to March 6. Even if he doesn’t end up at the combine, scouts could flock to his Pro Day before the draft.

This week could help Jones end up getting drafted or at least become an undrafted free agent. The former Tiger’s draft stock could skyrocket with a great week at practice and in the game.

Jones isn’t the only player from a Mississippi university looking to improve his draft stock. Joining Jones at the East-West game is Mississippi State linebacker Richie Brown, University of Mississippi wide receiver Quincy Adeboyejo and cornerback Tony Bridges, and University of Southern Mississippi quarterback Nick Mullens and offensive center Cameron Tom.

The other All-Star Game is the NFLPA …

The Mississippi Attorney General's Office released this statement:

AG HOOD SECURES $26 MILLION FOR MISSISSIPPI IN SETTLEMENT WITH MOODY’S Rating service to pay nearly $864 million to states, federal government over claims of deceptive conduct

JACKSON— Attorney General Jim Hood announced today that Moody’s will pay Mississippi more than $26 million to settle allegations that the credit rating agency engaged in deceptive conduct during the height of the financial crisis.

Moody’s Corporation, Moody’s Investors Service, Inc., and Moody’s Analytics, Inc. agreed to pay a total of $863,791,823 to 21 states, the District of Columbia and the federal government to resolve claims that Moody’s misrepresented its independence and objectivity when rating structured finance securities. Attorney General Hood’s lawsuit alleged that Moody’s ratings of structured finance securities were tainted by the company’s drive to win business and its concerns for market share. Structured finance securities, particularly those comprised of sub-prime mortgages, were at the center of the financial crisis.

In addition to the monetary settlement, Moody’s has agreed to take specific compliance measures intended to prevent the same problems from ever reoccurring.

Attorney General Hood and Connecticut Attorney General George Jepsen led the investigation in conjunction with the U.S. Department of Justice. The two AGs also led the multistate litigation against Standard & Poor’s, which culminated in a $1.375 billion settlement for 20 states and the federal government in 2015. Standard & Poor’s is a competitor of Moody’s. Mississippi received $33 million in the settlement with S&P.

“Moody’s reckless conduct went unchecked for years, feeding a subprime mortgage bubble,” Attorney General Hood said. “While Moody’s profited handsomely, the economy crumbled as people lost their homes. Pension funds, retirement funds, and other investment vehicles in Mississippi and across the country lost billions of dollars as the value of securities with inflated ratings plummeted. This settlement is another important step toward holding accountable those responsible for our mortgage crisis.”

The settlement is the successful culmination of five years of hard-fought litigation for Mississippi, Attorney General Hood said. In 2011, the Attorney General sued both Moody’s and Standard & Poor’s for violations of the Mississippi Consumer Protection Act. The lawsuit alleged that the companies misrepresented their independence and objectivity when rating structured finance securities, including residential mortgage-backed securities (RMBS) and collateralized debt obligations (CDOs), which derive their value from the monthly payments consumers make on their mortgages.

Mississippi’s lawsuit alleged that Moody’s assigned inflated credit ratings to toxic assets packaged and sold by the Wall Street investment banks in an effort to curry favor, continue and grow business with these banks. This alleged misconduct mainly occurred between 2004 and 2007, though it began as early as 2001.

Moody’s represented to consumers that its Aaa rating, its highest rating, carried a lower level of risk than other ratings. The Attorney General alleged that Moody’s manipulated its process so that, in reality, the Aaa rating represented a greater risk than Moody’s disclosed to investors. The lawsuit asserts that Moody’s gave in to pressure from big banks, …