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WHOA: Did UAB researchers just cure diabetes?
BIRMINGHAM, Ala. — The University of Alabama at Birmingham is set to begin a groundbreaking clinical trial of the drug Verapamil that medical researchers at the school proved can reverse the effects of diabetes in mice. The study, which will be run by UAB’s Comprehensive Diabetic Clinic, will test to see if the drug can have the same effect on humans. The study aims to examine 52 volunteers between the ages of 19 and 45 years old and within three months of a Type 1 diabetes diagnosis. UAB says the study should be completed within two and a half years. YellowhammerNews.com
Submitted 8 hours ago

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Where American Factories’ Gears Are Stuck
U.S. factories have seen better days. Slow global growth and a strong dollar are weighing on manufacturers’ international ambitions. But a solid U.S. job market and still-low interest rates are supporting factories focused on domestic customers. That divide, as the Journal reported Monday, is showing up throughout recent manufacturing reports. Some recent evidence: The Wall Street Journal
Submitted 8 hours ago

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TVA: Watts Bar reactor achieves sustained nuclear fission
SPRING CITY, Tenn. (AP) - The Tennessee Valley Authority says its Watts Bar Unit 2 has achieved its first sustained nuclear fission reaction and is operating in a stable condition at low power levels. TVA says the reaction was achieved at 2:16 a.m. Monday. TVA says the unit is expected eventually to provide a sustained 1,150 megawatts of electricity. Together with Unit 1, the plant is projected to supply power to some 1.3 million homes in TVA's service area. Knoxville News Sentinel
Submitted 8 hours ago

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Massive facility proposed near Louisville International Airport
A 1 million-square-foot industrial facility has been proposed on 80 acres along Minors Lane near the Louisville International Airport. The building would be at the Renaissance South Business Park, on property where another major deal fell through last year. The site is owned by the Louisville Renaissance Zone Corp., the organization that manages the finances and operations of Renaissance South Business Park. Business First
Submitted 9 hours ago

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Atlanta wins bid to host Super Bowl LIII in February 2019
As expected, Atlanta has won its bid to host to host Super Bowl LIII in February 2019 in the new Mercedes-Benz Stadium. Atlanta beat Tampa, Fla., and Miami for the right to host Super Bowl LIII. Miami will host the Super Bowl in 2020. It will be the third Super Bowl held in Atlanta and the first since Super Bowl XXXIV in 2000. Atlanta Business Chronicle was first to report Atlanta would likely win its bid. Atlanta Business Chronicle
Submitted 9 hours ago

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Missile Production Consolidated At Lockheed Martin's Arkansas Plant
Lockheed Martin will be moving the production of two of its missile systems back to East Camden, Ark., according to the Northwest Arkansas Democrat Gazette. The High Mobility Artillery Rocket System launcher had been built at the East Camden plant until 2013, when production of the rocket launchers for the U.S. military was stopped after 480 units were produced. The Tactical Missile System (TACMS) was previously built at a plant in El Paso, which stopped production in 2014 after 20 years working on the system. The change is part of an effort by Lockheed Martin to consolidate all of the Precision Fires missile and rocket production in Camden. Manufacturing.net
Submitted 10 hours ago

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Most American households doing better financially
WASHINGTON (AP) — Most American households say their finances have strengthened slightly, but nearly half report that they would struggle to meet $400 in expenses from an unexpected emergency, according to the Federal Reserve’s annual survey on economic well-being. Seattle Times
Submitted 10 hours ago

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Here’s one really obvious way to boost the US economy
If you’re confused about why American economic growth has been so disappointing, consider this: US government investment in capital, research and development, and education and training is at its lowest point in 45 years. In 2014, federal investment turned negative for the first time since 2001, meaning that government capital is depreciating or becoming obsolete faster than it is being replaced. Qz.com
Submitted 10 hours ago

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The Hourly Wage Needed to Rent a 2-Bedroom Apartment Is Rising
In 2015, the demand for rental apartments reached its highest level ever since the 1960s. The pinched access to mortgage credit after the Great Recession is one reason why. Another is that many Americans—especially the poor and people of color—haven’t felt the effects of the economic recovery, and may not be able to rustle up the funds for a down payment. A third reason is that Millennials, now the largest generation ever since the baby boomers, are especially loath to buy homes. The supply of rentals, especially at the lower end of the market, has been no match for the skyrocketing demand. Citylab.com
Submitted 10 hours ago

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Boeing gains edge over Airbus with deal to sell 100 planes to Vietnam It’s the largest single commercial airplane purchase in Vietnam's aviation history
Boeing has won the largest single commercial airplane purchase in Vietnam’s aviation history with an $11.3 billion order from Vietjet for 100 passenger jets. The deal was signed during President Barack Obama’s visit to the country this week, where he lifted the decades-long arms embargo and encouraged strengthening economic ties with the United States’ former enemy. Modbee.com
Submitted 10 hours ago

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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Urban areas have all kinds of assets that are easy to spot. They have the population, so the labor shed is not usually an issue. Urban areas are also connected by better roads, rail and air service and many have river and deep water ports. Usually Internet access and other forms of communication are more efficient in urban areas. And you have a larger array of quality of life options to choose from, such as the cultural assets found in metropolitan areas.
 

 Randle Report - Business News in the South

 FEATURE  
By Mike Randle
The belief that "80 percent of all new jobs come from existing business and industry" is an out-of-date, old-fashioned fabrication. I have no idea how it started, where it started, or who said it first, but there are professionals in economic development as well as leaders of government in the South who actually believe that each year, 80 percent (why 80 percent I don't know, either) of all new jobs are created by existing business and industry. I hear it all the time and I just roll my eyes. There is nothing static in economic development but this: 100 percent of all lost jobs come from existing business and industry. That, and of course 100 percent of the time site consultants never pay for a meal.
 

 Business News in the South - Randle Report

FEATURE     
According to Chinese theory, yin is a passive, negative force and yang is an active, positive force. Chinese philosophers believe that the opposing forces aren't really contradictory. Instead, they are interconnected and complimentary, interacting to create a balance in one's life. 
 
 Nashville Mayour Karl Dean
The Annie E. Casey Foundation's KIDS COUNT report was released in the summer quarter. I try to read it every time it comes out since I find it to be the best indicator of child poverty, a statistic everyone involved in economic development needs to be aware of. The Annie E. Casey Foundation is a charity that supports disadvantaged children. 
 


 

 

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