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In Washington, Mixed Messages Over Tighter Rules for Wall St.
Conflicting signs are emerging in Washington over whether JPMorgan Chase’s surprise trading loss will spur tighter regulation on Wall Street. One of the banking industry’s main regulators appeared to indicate that it would oppose new efforts to rein in risky Wall Street activities, while other regulators emphasized caution. Still, a Congressional committee announced plans on Monday to hold a hearing on the financial regulatory overhaul that will look at the JPMorgan loss. New York Times
Submitted 1 years 339 days ago

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Why Obama Must Hold Wall Street Accountable
Late last week, I heard the news about JP Morgan’s staggering $2 billion in losses on the same day I read Matt Taibbi’s Rolling Stone article about the death of financial reform and Nick Confessore’s New York Times Magazine piece about President Obama’s fundraising on Wall Street. After reading these two articles in conjunction with the JP Morgan news, I could only come to one conclusion: it’s impossible to “reform” Wall Street if the president is dependent on the financial sector to bankroll his re-election campaign. The banks can be Obama’s friend or his enemy, but right now they can’t be both. The Nation
Submitted 1 years 339 days ago

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Too Big to Jail: How Wall Street Took Over Washington
THIS STORY IS NOT ABOUT THE origins of 2008's financial meltdown. You've probably read more than enough of those already. To make a long story short, it was a perfect storm. Reckless lending enabled a historic housing bubble; an overseas savings glut and an unprecedented Fed policy of easy money enabled skyrocketing debt; excessive leverage made the global banking system so fragile that it couldn't withstand a tremor, let alone the Big One; the financial system squirreled away trainloads of risk via byzantine credit derivatives and other devices; and banks grew so towering and so interconnected that they became too big to be allowed to fail. With all that in place, it took only a small nudge to bring the entire house of cards crashing to the ground. Mother Jones
Submitted 1 years 339 days ago

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Greenville-Spartanburg International launches first phase of $102M Terminal Improvement Plan
Greenville-Spartanburg International Airport announced Monday it has officially launched phase one of its $102 million Terminal Improvement Program. The program, which will be carried out in four phases over the next four years, seeks to modernized GSP’s main terminal and enhance passenger flow to make Upstate air travel more attractive, convenient and efficient. GoUpstate.com
Submitted 1 years 339 days ago

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Smithsonian Channel begins aerial shoot of W.Va.
CHARLESTON, W.Va. -- Using a state-of-the-art high-definition camera mounted to the nose of a helicopter, the Smithsonian Channel will begin filming sites of scenic, historic and cultural significance across West Virginia starting on Wednesday, as part of the cable network's "Aerial America" series. Charleston Gazette
Submitted 1 years 339 days ago

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Tiger Woods coming to Greenbrier Classic
CHARLESTON, W.Va. -- Tiger Woods will play in this year's Greenbrier Classic, resort owner Jim Justice confirmed Monday. Charleston Gazette
Submitted 1 years 339 days ago

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Fly Fishing's Best Coming to WV
Fly fishermen in West Virginia are well versed in the waters of the North Fork of the South Branch. However, this weekend, noted anglers from around the country will converge on tiny Cabins, WV to test their skills against the waterway and one another. WVMetroNews.com
Submitted 1 years 339 days ago

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Feds give Louisiana another $10.1 million to turn around worst performing schools
The U.S. Department of Education is plunking down another $10.1 million to help the state of Louisiana turn around its worst performing schools. It's part of the federal government's School Improvement Grant program, aimed at a major overhaul of campuses whose academic performance places them in the bottom 5 percent of schools in any given state. The Times-Picayune
Submitted 1 years 339 days ago

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Push for Louisiana college fee increase likely dead for this legislative session
BATON ROUGE — A bid by Louisiana higher education leaders to boost charges on college students has stalled in the face of resistance from state representatives who question if students and families could afford the fee increase. Shreveport Times
Submitted 1 years 339 days ago

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Savannah-based Gulfstream's Flynn: Aviation business coming back strong
The return of the U.S. market to business aviation is one of several indications that 2012 will be a strong year for Gulfstream Aerospace, company president Larry Flynn said Sunday at the European Business Aviation Convention and Exhibition in Geneva. Savannah Morning News
Submitted 1 years 339 days ago

 

 

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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Reshoring manufacturing capacity from primarily Asia to the South and Mexico is now a common thing to do and it's all about money. When China joined the World Trade Organization in 2001, the average manufacturing wage in China's Pearl River Delta (PRD) was about 58 cents an hour.

 Randle Report - Business News in the South

 FEATURE  
By Dr. Glen Fenter
Desperation sometimes masks itself in acceptance. Such was the case for Takelia Carter of Marion, Ark. For Carter, the mother of six school-age children in a low paying job, desperation was normative existence. This was her life in Crittenden County, Ark., deep in the Delta where unfortunately one in four families lives well below the poverty level.
 

 Business News in the South - Randle Report

FEATURE     
By Mike Randle
There are numerous factors driving the new industrial revolution in the South. And it is a revolution, as this manufacturing surge that began in 2007 continues to break records year after year in the total number of large, capital intensive projects. One factor, of course, is that reshoring of facilities back to the U.S. continues to grow each year.
 
 Nashville Mayour Karl Dean

We try to change up the categories in our annual Ten Top 10s section, but we always include the "Ten People Who Made a Difference" category. This year though, we are honoring 12 and you will learn why by reading about this group of folks who have made a difference in the South. Here is our annual list that includes executives, economic developers and politicians who have made a difference in the South's economy.


 


 

 

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