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Guardrail Maker Trinity Industries Liable for Fraud in Texas
Trinity Industries, the highway guardrail maker accused of selling systems that can malfunction during crashes and slice through cars, was found by a jury on Monday to have defrauded the federal government. New York Times
Submitted yesterday

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Despite Their Carbon Rebellion, States Prepare for the Worst
Outcries against federal overreach and job-killing regulation. Lawsuits aimed at preventing a bold domestic initiative from ever taking shape. Bills in legislatures asserting state supremacy over federal law. Refusal by some to participate altogether. It sounds like the campaign against the Affordable Care Act. But it’s a different Obama policy -- the one demanding substantial nationwide reductions in the level of carbon dioxide (CO2) emissions -- that has elicited this reaction. In June, the Environmental Protection Agency (EPA) announced new rules mandating that CO2 levels fall below 2005 amounts by the year 2030. This would force states into major regulatory overhauls, spur large-scale shifts toward cleaner natural gas and potentially lead to the outright closure of some coal plants. The result in some states could be a significant economic disruption. Governing.com
Submitted yesterday

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Kentucky bourbon makes its mark on state's economy
LOUISVILLE, Ky. (AP) — A new study shows Kentucky's bourbon industry is making a bigger splash in the state's economy, nearly doubling its workforce in two years and leading a $3 billion distilling sector primed for another round of expansion. The report released Tuesday was done by the University of Louisville's Urban Studies Institute. The findings show the number of licensed distilling companies have tripled in the past two years from 10 to 31. That's the most distilleries in Kentucky since Prohibition ended. The bourbon sector's workforce now tops 15,400, up from 8,690 workers two years ago, the report said. wtvq.com
Submitted yesterday

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Ky. lawsuit against OxyContin maker could deal huge blow
PIKEVILLE, KY — No one rises as Circuit Judge Steven Combs enters his courtroom. Combs wears a white shirt and yellow tie, no robe. Lawyers approach the bench as their cases are called, shake the judge's hand and exchange small talk before getting to business. Today's docket includes a woman convicted of public intoxication, an accused trafficker of painkillers, and a procedural matter involving Purdue Pharma, a multibillion-dollar pharmaceutical company based in Stamford, Conn., that's effectively accused of laying waste to this Appalachian coal town. Kentucky.com
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Can Kentucky join the P3 club?
Mounting state and local infrastructure needs in Kentucky, as in most states, exceed public resources and revenues to pay for them – by a lot. Thus, members of the construction contracting community and others such as the Kentucky Chamber of Commerce advocate for a state public-private partnership law they believe will have multifaceted benefits: Lane Report
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Louisiana utility company to be bought for $3.4 billion
Investors led by Australia’s Macquarie Group Ltd. agreed to buy Louisiana utility Cleco Corp. for $3.4 billion in cash, attracted by the steady, long-term returns of regulated power assets. Fuel Fix
Submitted yesterday

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Dallas-based Kimberly-Clark To Cut Up To 1,300 Jobs
Kimberly-Clark plans to eliminate up to 1,300 jobs as part of restructuring efforts aimed at reducing costs and making its business more efficient. The consumer products company has 58,000 workers worldwide, according to its website. Manufacturing.net
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How the Energy Revolution is Supporting Texas-Sized Economic Growth
America is in the midst of an energy boom. We all know this. We also know the positive impact it has had on our nation’s balance sheet. The U.S. is now set to surpass Russia and Saudi Arabia in crude production, and it has already passed the former as the world’s largest producer of natural gas. But what often slips under the radar is how energy is also fueling population growth in communities west of the Mississippi River – particularly those in Texas – where nearby production is a daily occurrence. Fuel Fix
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The Manufacturing Renaissance Is Not as Awesome as We Thought
If there’s one story that’s been beaten to death by the media in search of feel-good news from what’s been a pretty tepid economic recovery, it’s that of the supposed manufacturing renaissance in the U.S. Both Time and the Atlantic have promoted its success with recent cover stories. I’m guilty, too. It’s not that American manufacturing isn’t doing well. Companies are moving operations back to the U.S. The South is becoming one of the cheapest places to build things in the world. Factories are humming along at their fastest pace in years. Since the spring of 2010, the U.S. has added 600,000 new manufacturing jobs. That’s great and all, until you consider the 1.9 million manufacturing jobs lost during the recession. Here’s what total manufacturing employment looks like since 1990: Businessweek.com
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Onshore rigs could flee La. as oil prices go down
Falling oil prices could speed the departure of onshore drilling rigs from the state, particularly in the still-developing Tuscaloosa Marine Shale, which underlies parts of southeast Louisiana. But experts say it will take a longer downturn to slow deepwater activity in the Gulf of Mexico, where the rig count is expected to jump 50 percent by 2016. “Basically, lower prices will hurt all plays, but the Tuscaloosa Marine Shale, being so expensive, will be impacted the most,” said Kirk Barrell, chief executive officer of Amelia Resources LLC and author of the Tuscaloosa Trend blog. “It’s unfortunate timing because we continue to see excellent results.” The Advocate
Submitted 2 days ago

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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

The America South is home to almost as many residents as the Northeast and the Midwest combined, but even that statistical record is about to be broken. According to a new Census Bureau study that came out in April, 51 percent of the nation's population jump occurred in the South from 2010 to 2013.
 

 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

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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