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Kaboom! See implosion of Ben Milam Hotel - slideshow
The Ben Milam Hotel in downtown Houston was reduced to a pile of rubble Dec. 9 to make way for an apartment complex. The demolition of the 86-year-old hotel was handled by Houston-based D.H. Griffin of Texas Inc. at 12:30 p.m. The city of Houston granted the demolition permit in November. Houston Business Journal
Submitted 2 years 268 days ago

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Texas tax group: NY Times' incentive article misleading
The Texas Taxpayers and Research Association has released a statement saying it doesn't agree with The New York Times' contention that Texas gives out $19 billion annually in economic incentives — more than any other state. Austin Business Journal
Submitted 2 years 268 days ago

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Texas wind energy industry weighs future without tax credits
Executives in the wind energy industry are anticipating the day when they no longer will receive the federal tax credit that has helped make Texas a leader in wind power. Dallas Business Journal
Submitted 2 years 268 days ago

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SC Advocacy groups to start pressuring Haley to accept expansion of Medicaid rolls
COLUMBIA, SC — Health care advocates at events in Columbia on Tuesday will begin putting public pressure on state legislators to buck Gov. Nikki Haley and accept the Medicaid expansion under the Affordable Care Act. The advocacy groups will stage a news conference at 10 a.m. the State House, a coalition-building and training meeting from noon-3 p.m. at the Clarion Hotel Downtown and a public forum at 6 p.m. at the USC School of Law. Robert Greenwald, director of the Harvard Center for Health Law and Policy Innovation, will be the featured speaker at the training session. The State
Submitted 2 years 268 days ago

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Fed Is Likely to Sustain Its Stimulus Program
WASHINGTON — The Federal Reserve is widely expected to announce on Wednesday that it will continue buying Treasury securities to stimulate growth in the new year. New York Times
Submitted 2 years 268 days ago

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New industrial center planned in eastern Ga., 2,600 new jobs
RICHMOND HILL, Ga. — Officials in Bryan County are celebrating an industrial development slated to bring nearly 2,600 new jobs to the area in eastern Georgia. Atlanta Journal Constitution
Submitted 2 years 268 days ago

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Hostess: Money for pensions used for company operations
Irving-based Hostess Brands Inc. used wages that should have gone to fund employee pensions for its own operations as it continued to flounder deeper into bankruptcy. Dallas Business Journal
Submitted 2 years 268 days ago

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Poll: South Carolinians blame state in hacking Winthrop survey finds overwhelming belief that state did too little
When it comes to the massive data breach at the state Department of Revenue, a lot of South Carolinians have heard about it and don’t think enough was done to stop it, according to a recent survey. Three of every four South Carolinians surveyed said the state government did not have adequate protection when hackers stole financial data belonging to 6.4 million taxpayers, children and businesses, according to exclusive Winthrop University poll questions. Charlotte Observer
Submitted 2 years 268 days ago

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Cheapest way to ship your package? Here's how to save.
Santa and his reindeer have fierce competitors in FedEx, UPS, and the US Postal Service. The three shipping providers expect to deliver more than 1 billion packages this holiday season and need only one night to deliver a gift by the next morning. Christian Science Monitor
Submitted 2 years 268 days ago

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Record 89 million Americans not in the job market; even more unemployed or not looking
A record 89.2 million Americans are not in the labor force or job market, according to November employment data released by the federal government. Atlanta Journal Constitution
Submitted 2 years 268 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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