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That's The Randle Report for May 18, 2012
That's a wrap on The Randle Report for today. Feel free to use the sort buttons above or the search window to find your favorite stories from today, last week, last month or in the last year. If you are looking for more information on economic development in the South, click on the headline above to read Southern Business & Development magazine. If you want to keep up with the South's growing automotive industry, go to www.SouthernAutoCorridor.com.
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Jimmy Buffett touts Mississippi Gulf Coast jobs created


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World’s first semisubmersible drill rig getting back to work in Texas
After being out of commission for 14 years, the world’s first self-propelled semisubmersible drilling rig is looking to get back into the offshore business. The Ocean Prospector, which was built by ODECO in 1971, is undergoing preparations to get back into the offshore market for the first time since being brought to Galveston in 1998 for maintenance and inspection by Diamond Offshore. Pasadena-based Plant Recovery Company, an asset recovery company, purchased the vessel in 2011, and the company had planned to tow the semisubmersible and then destroy it. Houston Chronicle
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New York Post columnist gets heat for calling Greensboro 'derelict'
Some readers weren't exactly pleased with New York Post columnist Andrea Peyser's description of Greensboro in a column published Thursday about the John Edwards trial. "Yesterday, testimony in Edwards’ federal trial, which has nauseated and captivated this derelict Southern town of Greensboro for weeks, sputtered to an unsatisfying end," she wrote. Come again? Greensboro News & Record
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Austin’s jobless rate drops to 5.5 percent, new data shows
Led by a rebound in the construction industry, Austin continued its steady job growth in April, helping the metro area’s unemployment rate drop to 5.5 percent, its lowest level in more than three years, according to the Texas Workforce Commission’s monthly report released today. The Austin area added 6,300 jobs overall in April for a 2.4 percent annual growth rate, according to the Workforce Commission. The area’s unemployment rate was 5.5 percent, compared with 6 percent in March. The last time the Austin area’s unemployment rate was at 5.5 percent or lower was December 2008, according to Workforce Commission data. Austin American-Statesman
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Gov. Bill Haslam Signs Legislation to Expand Tennessee Fasttrack Program
NASHVILLE – Tennessee Gov. Bill Haslam today announced he has signed legislation to expand the state’s FastTrack program to specifically support economic development in rural communities and for exceptional projects. The governor proposed the legislation, HB 2344/SB 2206, in January to create the FastTrack Economic Development Fund, an expansion of the Department of Economic and Community Development’s (ECD) current infrastructure and job training program. The legislation resulted from a 12-month review of ECD’s incentive programs with input from companies, site selection consultants and economic development stakeholders. Tennessee Department of Economic & Community Development
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Houston's jobless rate drop to 6.5 percent; Construction jobs surge
A surge of 5,200 new local construction jobs -which represents nearly one-third of all the new jobs created last month - boosted the Houston economy in April, the Texas Workforce Commission reported Friday. The Houston area added a total of 15,900 jobs last month. It was a big turnaround for the construction industry, which had been cutting jobs nearly each month since August. In February, construction companies added 2,900 jobs only to lose those and many hundreds more the following month. One local economist was puzzled by the unusually large increase, especially since the bulk of the gains came from specialty trade contractors. Houston Chronicle
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2 new programs target Austin's new, future music industry leaders
The Austin Music Foundation has rolled out two new programs designed to cultivate the industry's next generation of leaders. For the next three years, Leadership Music Austin and the Austin Music Entrepreneur Accelerator Program will each receive $15,000 annually in city funds. Established a decade ago, the foundation organizes workshops, boot camps and mixers for Central Texans who work in the music industry. It runs on a mix of funds from the city, business sponsors and fundraisers. Austin American-Statesman
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Louisiana leads the way on charter schools: Mary Landrieu
If you were a student attending a public school in New Orleans before Hurricanes Katrina and Rita, chances were very high that your school was failing you. A year before the hurricanes and the great flood that followed, 62 percent of public schools were considered failing, and Orleans Parish was the lowest performing school district in the state. Times-Picayune
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Figures show W.Va. coal jobs up under Obama
CHARLESTON, W.Va. -- As West Virginia political leaders prepare for another round of attacks on the Obama administration's coal policies, state data show the number of mining jobs is at its highest level in nearly 20 years. Figures from multiple government agencies reflect the job increases between 2009 and last year, offering a starkly different picture than is frequently portrayed by industry officials and coalfield political leaders. "Any way you look at it, coal mining employment is at a two-decade high," said researcher Ted Boettner, who recently analyzed the figures for a blog published by his group, the West Virginia Center for Budget and Policy. Charleston Gazette
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Features & Opinion

 
OPINION
By Dennis Cuneo
 

Much has been written about the need to expand and diversify our energy base. With the recent spike in gasoline prices and the Iranian threat to disrupt global oil supplies, some are calling for the equivalent of a Manhattan Project to develop alternative energy sources. Others say that renewables are still too expensive and that we shouldn’t encourage them at the expense of fossil fuels. The highly publicized failure of Solyndra has called into question whether the federal government should continue the U.S. Department of Energy loan program, initiated under the Bush Administration, to provide funding for alternative energy projects. Supporters of the program say that without government funding, we risk ceding leadership of the alternative energy market to China.

 

 

 FEATURE  
By Glenn McCullough, Jr.
 
On February 9 the U.S. Nuclear Regulatory Commission did something it has not done in 34 years: approve a license (two in fact) to build two advanced nuclear reactors. For a consortium of utilities constructing two advanced nuclear reactors at Plant Vogtle on the Georgia-South Carolina border, this means major strides generating 2,200 megawatts of new electricity, enough for approximately one million homes and businesses.
 
 
FEATURE  
By Dan Juneau
 
National, state, and local business groups from around the country opposed the Patient Protection and Affordable Care Act (aka “ObamaCare”) when it was being debated in Congress last year.
Many trade association representatives (including this writer) went to Washington to express business community concerns about the legislation and to request votes against it. History records that the legislation (all 2700 pages of nearly incomprehensible jargon) was finally enacted on party line votes in both chambers and signed into law by President Obama.
 
 
by Mike Randle
 
The headline above is of a great song from the '70s. It was by The Outlaws and was recorded in 1975 (go straight to You Tube to listen to it and bring the entire staff into your C-suite and rock on). I was a student but more like the starting shortstop for the University of Tampa Spartans baseball team in 1975.
 


 

 


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