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The U.S. Collects Less In Taxes Than All But Two Industrialized Countries
President Obama and Senate Democrats have presented deficit reduction plans that would rely on both spending cuts and increased tax revenues, but Republicans continue to insist that the U.S. has only a “spending problem” and that deficit reduction does not require new revenues. Think Progress
Submitted 3 years 25 days ago

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Obama budget plan would cut deficits – but enough?
A preliminary sketch of President Obama’s new budget proposal has emerged, and the president is proposing some deficit-reducing entitlement reforms and tax hikes, but not enough to bring the national debt sharply downward. Christian Science Monitor
Submitted 3 years 25 days ago

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There's No Sign Of Economic Recovery In America's 'Soup Lines'
For those getting increasingly optimistic about the U.S. economic recovery, here's a pretty depressing chart from James Bianco (via The Gartman Letter). This chart shows that number of people dependent on food stamps has surged. The average monthly benefit amount has also increased. Bianco writes that the U.S. has become a country of "takers" and "expecters" instead of being a nation of "doers". Business Insider
Submitted 3 years 25 days ago

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Arkansas Unemployment Drug Testing Bill Passes State Senate
LITTLE ROCK, Ark. -- The Republican-led Arkansas state Senate approved a measure on Monday that would require random drug testing of Arkansas residents who receive state unemployment benefits - a plan that the state's Democratic governor said could violate federal law. Reuters via Huffington Post
Submitted 3 years 25 days ago

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Tennessee health care spending isn’t as high as you think
The Wall Street Journal has compiled an interactive story taking a state-by-state look at per capita health care spending, and the results may surprise you. Memphis Business Journal
Submitted 3 years 25 days ago

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Mutant Crabs Devastating Chesapeake Bay Oysters (VIDEO)


Slate
Submitted 3 years 25 days ago

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N.C.'s largest doctors' group to McCrory: We're not supporting your Medicaid reform plan
Reaction to Gov. McCrory’s proposal to reform Medicaid poured out quickly Wednesday afternoon, and not all of it was supportive. Triangle Business Journal
Submitted 3 years 25 days ago

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New gun control strategy: Tax 'em
State and local officials are pushing a new way to expand gun control: taxes. Gun owners in and around Chicago last week started paying a new $25 tax on every firearm they purchase. In California, a statehouse panel on April 15 will hear testimony on a nickel-per-bullet tax measure, and in New Jersey, lawmakers want to slap an additional 5 percent sales tax on guns and ammo. Politico
Submitted 3 years 25 days ago

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CHARTS: Where Did the Money Donated to Columbine, Aurora, and Virginia Tech Mass-Shooting Victims Go?
Connecticut officials announced a couple weeks ago that they are asking the 69 charities publicly identified as raising money for victims of the Sandy Hook Elementary School shooting in Newtown to explain how the money is being spent. The news arrived after dozens of families affected by other mass tragedies, like Columbine and Virginia Tech, urged the Sandy Hook charities to give the money directly to victims, arguing that in the past, money hasn't been distributed effectively. Families are also petitioning the White House to establish a national fund so in the future, 100 percent of the money raised in the aftermath of mass shootings goes directly to victims. The local foundation in charge of most of the Sandy Hook donations (around $11 million) is still meeting with families and members of the community, and hasn't yet distributed any of the money. Mother Jones
Submitted 3 years 25 days ago

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McLaughlin Body Company establishing new facility in Anderson County
McLaughlin Body Company, a manufacturer of operator protection systems, will locate a new manufacturing facility in Anderson County. The $22 million investment is expected to generate 250 new jobs over the next five years. SC Commerce
Submitted 3 years 25 days ago

 

 

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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