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117,000 Americans Get Jobless and Disability Benefits
Roughly 117,000 Americans double-dipped by cashing unemployment and Social Security disability checks during the height of the jobs crisis, costing taxpayers a combined $856 million in fiscal 2010 according to a government watchdog agency. The additional strain on the system will make the SSDI trust fund insolvent in four short years. With most eyes fixed on the election battle between President Obama and Republican Mitt Romney, it was easy to miss the alarming report by the Government Accountability Office that was initially released this summer. The Fiscal Times
Submitted 2 years 136 days ago

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My onshore obsession with 'Made in the USA'


Submitted 2 years 136 days ago

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Most metros have fewer jobs than 5 years ago
Four-fifths of the nation's major metropolitan areas have not yet climbed back to their pre-recession employment levels. A total of 102 markets have populations of more than 500,000. Eighty-one of those metros contain fewer private-sector jobs now than they did five years ago, while the other 21 have managed to surpass their 2007 figures. (The recession officially began in December 2007.) Business First
Submitted 2 years 136 days ago

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Heading South, but Stopping Short of Florida
SCOTT WOODCOCK knew he wanted to move someplace warmer when he retired from his job as an Amtrak engineer based in Philadelphia. He thought he had a good plan: each year in the five remaining before his retirement, he and his wife, Cinde, would drive down Interstate 95, stopping at one place or another, until they made it to Florida, where his parents had retired. “I figured we would end up in Florida, but in any case, we would have vacations down the coast,” Mr. Woodcock said. In the summer of 2007, they decided to visit a friend for some golf in North Myrtle Beach, S.C. “And we just loved it. We never made it any further. The New York Times
Submitted 2 years 136 days ago

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In race for Central Florida growth, Orlando will pass Tampa Bay
Won't be too long before Tampa Bay's longtime little brother, Orlando, becomes the bigger sibling of the Central Florida economy. Long-term economic forecasts say the "gross metro product" — a metropolitan region's GNP — of Orlando should catch and surpass that of Tampa Bay in about 16 years or about 2029. What is Orlando doing that Tampa Bay is not? Both regions want to grow and upgrade their economies. What will push Orlando ahead of Tampa Bay? Location, location, location. Tampa Bay Tribune
Submitted 2 years 136 days ago

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Korean journalists are Vogtle's newest international visitors
Journalists from Korean newspapers and television stations toured Plant Vogtle on Tuesday to learn more about nuclear construction in the U.S. “Korea is planning to increase the rate of equipment for nuclear power plants from the current 25 percent to 59 percent by 2030,” the group said, in a joint statement. “For such purposes, Korea also plans to finalize the selection of the sites for the new nuclear power plants in late December.” Augusta Chronicle
Submitted 2 years 136 days ago

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Corn Dawgs maze dedicated to retiring Brave
WALTON COUNTY, GA — This year baseball will be in the corn. Corn Dawgs, a local provider of fall entertainment, decided to celebrate the career of Atlanta Braves third baseman Chipper Jones, designing its corn maze in the shape of the ballplayer’s face, last name and jersey number. Lamar Duren, operator of events for Corn Dawgs, was excited when the decision was made from the panel of employees that his favorite baseball team would be on display. “My wife and I are big Atlanta fans. My wife actually mentioned the idea of using the Braves this year in our theme,” he said. “What would be better than paying tribute to Chipper Jones?” The Walton Tribune
Submitted 2 years 136 days ago

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BP spill settlement inadequate, Louisiana and Mississippi say
BP Plc’s proposed $7.8 billion settlement of claims relating to the 2010 Gulf of Mexico oil spill is inadequate for victims in Louisiana and Mississippi, the states’ attorneys general say. The Houston Chronicle reports that the states are challenging particular parts of the deal, but they aren’t asking that U.S. District Judge Carl Barbier to throw out the settlement. The states are not party to the settlement. In a court filing, Louisiana Attorney General Buddy Caldwell claimed there is insufficient evidence to measure economic and environmental damage, the Chronicle reports. Houston Business Journal
Submitted 2 years 136 days ago

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Hug the President. Get boycotted.
You knew this was coming. Scott Van Duzer, the Florida pizza parlor owner and profilic blood donater who hugged and lifted President Barack Obama, now says his pizza shop is getting boycotted by Republicans. Van Duzer, a registered Republican who voted for Obama in 2008, got some homepage play across the country for his reaction to the president, who made an unscheduled visit Sunday to Big Apple Pizza and Pasta in Fort Pierce. The president said he stopped by because of Van Duzer's commitment to donating blood and raising awareness of blood shortages. Charlotte Observer
Submitted 2 years 136 days ago

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Put a stop to planned nuclear plant
Maybe Jeff Lyash is playing out his bad poker hand and bluffing. Maybe the Duke Energy executive told the Florida Public Service Commission this week that Duke definitely will build the Levy County nuclear plant just to keep the utility's options open and the con on consumers going. Or maybe Lyash has too much of himself invested in the project he promoted as Progress Energy's chief executive before the utilities merged. But this is a high-stakes game that should not be played with ratepayers' money, and the PSC or the governor or somebody should put a stop to it. Tampa Bay Times
Submitted 2 years 136 days ago

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Just look around at what's happening in the aerospace industry in the American South. Aerospace is really making a move to become one of the region's top two industry sectors. It’s not there yet, but if large project counts are any indication, aerospace may soon challenge the petrochemicals sector as the second largest industry in the region. Never before has the aerospace industry been so important to the South's economy. Oh, what's the No. 1 industry sector in the South? Automotive is, of course. That industry hasn't been challenged much for 25 years in this region, or since we’ve been counting.

 

 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     
This is our annual "Made in the South" issue and it's timely because there is a new player in the South's manufacturing universe. For almost two decades, economic developers and politicos in the South and the U.S. have been chasing Chinese projects with little or nothing to show. Want proof we've been chasing ghosts in China for years? Okay, go ahead and name a Chinese brand that's made in the South? Tick. . .tick. . .tick. Give up?
 
 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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