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Mississippi investors could see restitution in $106 million Vanguard settlement
SUMMARY: Mississippi residents may receive compensation from a $106 million settlement with Vanguard, following a lawsuit accusing the company of not disclosing tax implications of retirement fund profits. Over 40 states were involved in the case. The investigation, led by Mississippi Secretary of State Michael Watson and the SEC, revealed Vanguard’s decision to lower investment minimums, causing many investors to redeem shares and triggering capital gains taxes. Vanguard failed to notify investors of these taxes. The SEC will compensate affected investors through its Fair Fund program, though the amount and timing of payouts are still to be determined.
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Qualifying period closes with a dozen Democrats challenging Jackson Mayor Chokwe Antar Lumumba
SUMMARY: Jackson Mayor Chokwe Antar Lumumba has officially submitted paperwork for reelection, aiming for a third term despite a federal indictment. He faced criticism for late submission due to “busy working” and updating financial reports, which had not been filed since July 2021. Lumumba is accused of accepting $50,000 in bribes related to a hotel project and could face 75 years in prison if convicted. The Democratic primary has attracted a diverse field of candidates, including state Sen. John Horhn and former Hinds County Supervisor David Archie. There are no Republican candidates, and municipal primaries will occur on April 1.
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SUMMARY: The NBA All-Stars have been selected and will be drafted into teams by analysts Shaquille O’Neal, Charles Barkley, and Kenny Smith on Feb. 6 for the All-Star games on Feb. 16 in San Francisco. The 24 players, including stars like LeBron James, Giannis Antetokounmpo, and Stephen Curry, will compete in a fast-paced tournament where games are played to 40 points. NBA Commissioner Adam Silver aims for a more competitive event, following the previous year’s high scoring. Coaching staff from the top teams will lead the squads, with a prize pool of $1.8 million for the players.
The post How the All-Star Game works: A breakdown of the NBA’s new format appeared first on www.supertalk.fm
SUMMARY: The Mississippi House of Representatives unanimously approved House Bill 1063, the “Mississippi State Employees Paid Paternal Leave Act,” to support state employees with newborns or newly adopted children. The bill provides paid parental leave for employees with at least one year of service, allowing primary caregivers eight weeks of fully paid leave and secondary caregivers two weeks. Leave must be taken within 12 weeks of the child’s arrival and can only be used once a year. While public schools are not required to offer paid leave, the bill permits them to adopt similar policies. The bill now moves to the Senate for consideration.
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