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A Coal Worker's Life—With a Lot Less Coal
King Coal Highway is the portion of U.S. Route 52 that gets drivers from Williamson to Bluefield, West Virginia. It's also a reminder of a mining industry that has supported the state's middle class for generations—an era of prosperity that is quickly winding down. Citylab.com
Submitted 2 days ago

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Family Dollar preps for vote on $8.5B Dollar Tree merger
Family Dollar Stores Inc. (NYSE: FDO) has set Oct. 30 as its record date to determine which shareholders are entitled to vote on its proposed $8.5 billion merger with Dollar Tree Inc. (NASDAQ:DLTR). Triangle Business Journal
Submitted 2 days ago

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Nearly $2B in commercial loans in South Florida maturing soon, Trepp finds
Dozens of commercial property owners in South Florida need to get on the phone with their bankers as $1.99 billion in securitized loans are coming due soon, according to Trepp LLC. South Florida Business Journal
Submitted 2 days ago

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Pipeline Spills ‘Significant’ Amount Of Oil Into Louisiana Bayou
Pipeline workers discovered a 4,000-barrel crude oil spill in Louisiana last week, and say that mopping up the spill will likely keep cleanup crews and regulatory agencies in the sparsely-populated area for months. The oil spilled into Tete Bayou, and though it’s been contained enough to prevent it from entering Caddo Lake, which is a source of drinking water, the spill has killed 84 animals — mostly fish and reptiles — as of Sunday morning. Though no evacuations were ordered, strong fumes from the oil spill caused three families who lived nearby to voluntarily leave. Sunoco Logistics, which owns the pipeline, is paying for the families’ living expenses while they’re away from their homes. Think Progress
Submitted 2 days ago

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How Cheap Oil Could Become a Real Problem for Airlines
Oil futures have been on a torrid plunge in recent weeks, touching lows below $80 per barrel. Great news for airlines, right? Maybe not. For roughly the past 35 years, inexpensive jet fuel has routinely served as a siren call to airline executives. Cheap fuel spurs more flights and wild grabs for whatever business looks attainable in the travel market. Marginal routes become profitable with lower fuel prices, which, in turn, bolsters the argument that new flights can boost revenues with little cost. Cheap fuel also lets an airline experiment more radically with flight schedules in the bid to swipe market share from rivals. Businessweek.com
Submitted 2 days ago

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Cities Are Clearly The Place To Be After The Great Recession
The fallout from the Great Recession continues to reset America’s economic geography. Larger, denser metros have performed considerably better, according to a recent analysis that charts metro employment growth since the economic crash. The study, by Josh Lehner of the Oregon Office of Economic Analysis, used county-level jobs data to compare employment growth in large metros (with over one million people), medium-sized metros (with populations of 250,000 to 1 million), small metros (those with less than 250,000 people), and non-metro areas from 2007 through 2013. Citylab.com
Submitted 2 days ago

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There's A Big Stimulus Coming Together For America's Homebuyers
The big dive in the 10-year Treasury bond yield last week pushed the 30-year mortgage rate below 4.00% for the first time since May 28, 2013. That drop could revive mortgage refinancing activity, providing another windfall for consumers. In addition, housing starts, which have stalled around 1.0 million units for the past year, might move higher. yardeni.com
Submitted 2 days ago

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Cleco to Be Bought by Infrastructure Investor Group for $3.4 Billion
Cleco Corp. agreed to be acquired by a group of infrastructure investors for about $3.4 billion. The Louisiana-based power company’s shares rose 9.4% to $52.83 in recent trading. Wall Street Journal
Submitted 2 days ago

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$11 Billion Later, High-Speed Rail Is Inching Along
WASHINGTON — High-speed rail was supposed to be President Obama’s signature transportation project, but despite the administration spending nearly $11 billion since 2009 to develop faster passenger trains, the projects have gone mostly nowhere and the United States still lags far behind Europe and China. New York Times
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American Horror Story: Why U.S. Broadband Is Sooo Sloooow
By global standards, U.S. broadband speeds are slow—and getting slower. In Akamai's worldwide ranking of Internet speeds, the U.S. recently dropped from 12th place to 14th, lapped by Denmark, Norway ... and Romania. True, in absolute terms, U.S. speeds are still edging upward. In the second quarter, for instance, average broadband speeds in this country rose to 11.4 megabits per second (Mbps), up from 10.5 Mbps in the previous quarter. That's the good news. Bad news is, the rest of the world is getting even faster Readwrite.com
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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