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American drivers brace for busiest 4th of July on the roads in nearly a decade.
WEST PALM BEACH, Fla. - Whether it's south to north, or north to south, all roads lead to Florida for a holiday weekend of fun. Be warned however - the roads are much busier than usual. Wptv.com
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A good ol’ American whiskey for the Fourth of July
Searching for the perfectly patriotic spirit to enjoy on the Fourth of July? Sure, you can take your pick of any number of bourbons (we’re partial to Booker’s) or ryes. But you can’t get much more American than a whiskey that’s dubbed “American whiskey.” But what does that moniker mean? Marketwatch.com
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US Adds a Dozen Oil Rigs, Reversing 6 Months of Declines
In the period ended July 2, the number of rigs drilling for oil in the United States totaled 640, compared with 628 in the prior week and 1,562 a year ago. Including 222 other rigs mostly drilling for natural gas, there are a total of 862 working rigs in the country, up three from a week ago and down 1,012 year over year. The increase in the number of oil rigs is the first since the beginning of 2015. The data come from the latest Baker Hughes Inc. (NYSE: BHI) North American Rotary Rig Count. 247wallst.com
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5 Florida Metro Areas Top Cash Home Sales in May
In May of 2015, all-cash sales comprised 24.6% of all single family and condo sales, down from 28.5% in April and 30.4% in May 2014. The May 2015 total is the lowest since November 2009. The share of all-cash sales as a percentage of all sales is near its long-run average of 24.8% since January 2000 and sharply lower than its peak of 42.2% of all sales in February 2011. 247wallst.com
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How America's Workforce Has Changed Since 1977
As long as you don’t look too far into it, Thursday’s June jobs report looks like good news: The economy added 223,000 jobs, close to expectations, and the unemployment rate fell again, to 5.3 percent. So far, so good—still a slower recovery than anyone might like, but a recovery nonetheless. Yahoo.com
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BP’s Spill Deal Is ‘Catalyst’ for Acquirers as Uncertainty Ends
BP Plc’s $18.7 billion U.S. legal settlement is being cheered by investors and analysts as it ends five years of financial uncertainty. It also makes the British oil producer a more attractive takeover target. Potential buyers, held back by unquantifiable liabilities related to the company’s 2010 Gulf of Mexico spill, may find a slimmed-down BP more appealing and digestible. Bloomberg
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Tennessee Officials to Begin Lifting Evacuation After CSX Train Derailment
MARYVILLE, Tenn. — Preparations began Friday to allow thousands of eastern Tennessee residents to return to their homes after a CSX train car carrying hazardous material derailed and caught fire. NBC News
Submitted yesterday

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Houston should compete harder for manufacturing
If you want to see the future of American manufacturing, take a drive up to Cypress Creek on U.S. 290 and look for the concrete walls rising out of the mud. While other companies are offshoring engineering services to India and product assembly to Mexico, Japanese industrial giant Daikin is building a $417 million facility on a 497-acre campus in northwest Harris County, where its Goodman Manufacturing subsidiary will design and build heating and air-conditioning units for North America. Houston Chronicle
Submitted yesterday

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What's the deal with US manufacturing?
Even though the United States economy has been in something of a renaissance for the past few years, people are still somewhat reeling from the Great Recession seven years ago. And while the unemployment rate is expected to fall to 5 percent by the end of 2015, according to The Associated Press, there are certain sectors that continue to layoff hard-working Americans and fail to meet certain revenue checkpoints. Strategicsourceor.com
Submitted yesterday

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John Stancavage: Clean Cities advocates for more alternative fuels infrastructure
In parts of California, front-row parking slots with free chargers reward electric-vehicle owners. Meanwhile, in Mountlake Terrace, Washington, every new home comes outfitted with a “roughed in” electric line for vehicles. And in Dallas, permitting specifications for compressed natural gas allow it to be offered at convenience stores like any other fuel. Tulsa World
Submitted yesterday

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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 Stacy Randle
Demographer Wendell Cox recently analyzed the largest gains in holders of bachelor's and post-graduate degrees between 2007 and 2012 in the 51 metro regions in the U.S. of 1 million residents or more. The results were published in Forbes magazine and the South dominated the ranking.
 

 Business News in the South - Randle Report

FEATURE     
After I finished the cover story for this issue, I read an interesting article by economist Paul Krugman, the op-ed columnist for the New York Times, titled, "Partying like it’s 1995." Generally I side with Krugman, even though I am a journalist, not an economist. Occasionally, though, I read some of his stuff and ask myself, "What planet did Krugman come from?" Like when he predicted a shift of automotive assembly to Canada after Toyota announced a new plant in Woodstock, Ontario in 2005 because of "free healthcare," among other benefits. That Toyota deal was the last major automotive assembly plant announced in Canada and I predict it will be the very last one for the Canadians.
 
 Nashville Mayour Karl Dean
If you have ever seen one of my presentations, then you know about the word "reshoring" and how that phenomenon has lifted the spirits of even the most skeptical Southerners regarding the future of the region's economy. After all, in the last four decades, manufacturing has suffered a bloodletting never before seen in U.S. history. The biggest factor behind the slow and long meltdown that began in the 1990s was the herd mentality to offshore manufacturing capacity to cheaper locales, primarily by U.S.-owned companies.
 


 

 

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