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Report: SC needs about $30B for transportation
COLUMBIA, S.C. — If South Carolina doesn't raise nearly $30 billion in new revenue during the next 20 years to pay for highway repairs, replacement of bridges and mass transit, then the state's Transportation Department will be left to manage the decline of the system, the man in charge of that mission says. That assessment from Transportation Secretary Robert St. Onge is part of a report by an infrastructure task force that studied the issues for a year. The State
Submitted 2 years 267 days ago

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Montgomery Area Chamber of Commerce celebrates local job creation and expansions
MONTGOMERY, Alabama -- Montgomery city and county officials; and representatives from the Montgomery Area Chamber of Commerce; business leaders and members of the media; joined each other on the 3rd annual “Success Starts Here” bus tour yesterday, to thank area businesses that, according to the Chamber, added 745 jobs and made $35.9 Million in capital investments in the region during 2012. al.com
Submitted 2 years 267 days ago

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Top 10 quotes of 2012: '47 percent,' 'Binders of women,' 'Oppan Gangnam style'
Former Republican presidential candidate Mitt Romney's comments about 47 percent of the population dependent on the government and "binders full of women" topped this year's best quotes, according to a Yale University librarian. al.com
Submitted 2 years 267 days ago

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Possibility of Mississippi lottery worries Arkansas lottery officials
LITTLE ROCK — Arkansas lottery officials are keeping a nervous eye on Mississippi as that state’s legislators prepare to consider creating a state lottery. Officials say they don’t want to lose the revenue the lottery now receives from Mississippi residents who cross the state line to play Arkansas’ lottery, especially at a time when lottery revenues are already in decline. ARkansas News Bureau
Submitted 2 years 267 days ago

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Austin pushes past Oklahoma City to lead monthly economic rankings
Austin has grabbed first place in this month's On Numbers Economic Index, supplanting Oklahoma City, which was No. 1 the previous four months and now is No. 2. Austin Business Journal
Submitted 2 years 267 days ago

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Booming Kentucky Bourbon Building an Even Brighter Future
It’s an exciting time for Kentucky bourbon makers. The commonwealth’s signature spirit is at new heights of popularity. Sales are up across the board, premium brands are flying off the shelf, and the industry is in its largest expansion phase since Prohibition ended. More than $225 million in capital projects have been announced or completed in the past year. Lane Report
Submitted 2 years 267 days ago

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NC at the bottom in state funding for smoking prevention, report says
North Carolina is tied for last in the nation in state funding for programs to prevent young people from smoking and to help smokers kick the habit, The Business Journal of the Triad reports, citing a study by a coalition of public-health groups. Charlotte Business Journal
Submitted 2 years 267 days ago

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In Case You Haven't Realized, Goldman Sachs Is Predicting A Major Economic Turn To Happen In 2013
Goldman Sachs continues to dribble out its 2013 forecasts and top trades. And as the firm peels back more and more, it's clear that the forecast is for major change to the economy. This can be seen across multiple calls, from multiple analysts. Business Insider
Submitted 2 years 267 days ago

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Ga. congressman donating airline miles to troops
AUGUSTA, Ga. — Members of Congress rack up lots of frequent flyer miles traveling between their home states and Washington. One lawmaker from Georgia is donating his miles to sick and wounded members of the military. Atlanta Journal Constitution
Submitted 2 years 267 days ago

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Why a Democratic Tea Party Is the Best Hope for Fixing Corrupt Government
At a talk at UCLA last month, I said that America's growing anti-corruption movement needs to think big, not puny. That we need a fundamental change in the way America funds its campaigns, and that it will take a cross-partisan grassroots movement of outsiders to get the insiders in D.C. to embrace that change. The Atlantic
Submitted 2 years 267 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     
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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