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Forget about the market for a second, and remember the US economy is kicking butt
The stock market has been on a wild ride the past few days, but if you look beyond that, the US economy is doing just fine. There are numerous explanations for the sell-off in the markets, but none of them are because of the American economy. Business Insider
Submitted 4 days ago

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Stocks surge in final hour; Dow up more than 500
The U.S. stock-market rally picked up steam an hour before the market close, with the main indexes on track to record their biggest gains of the year. It was unclear what was causing wild intraday swings in the indexes. Earlier gains were attributed to fresh stimulus measures from China’s central bank. Marketwatch
Submitted 4 days ago

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The positive side of the recent dive in oil, gas prices
Until a few years ago, the prevailing wisdom saw America’s manufacturing sector in secular decline, unable to compete with lower-cost production in Mexico and China. Between 2000 and 2010 the number of manufacturing jobs in the U.S. dropped by a third, a decline of more than 5.8 million. Star-Telegram
Submitted 4 days ago

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Wind Energy Is Having a Railroad Moment
One of the raps on big renewable energy projects, such as solar plants and wind farms, is that they rely on federal subsidies and tax credits to get off the ground. That’s obvious. Here’s something less obvious: Taxpayers may have subsidized the boom in emissions-free energy, but that’s triggered a whole lot of unsubsidized private investment in turn. Someone has to pay to build the infrastructure that conveys the power from the empty places where it’s produced to the populated places where it’s consumed. Slate
Submitted 4 days ago

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Economic activity increased in Texas and 42 other states in July, says Philadelphia Fed
Economic activity increased in Texas and 42 other states in July — the highest reading since February, according to data released today by the Federal Reserve Bank of Philadelphia. Activity decreased in four states and was about the same in three states. The Philadelphia Fed’s “Coincident Index” for the United States rose 0.2 percent in June. Dallas Morning News
Submitted 4 days ago

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The cheapest oil ever still won't slow down the clean energy revolution
The clean energy revolution is facing an old enemy again. President Obama is in the midst of a week of climate change-focused appearances, starting at a clean energy summit in Las Vegas Monday night and culminating in the first-ever visit to the U.S. Arctic in Alaska beginning August 31. The White House says clean energy is on the march, from rapidly expanding distributed solar installations to wind turbines that have been sprouting up like summer corn among the fields of Iowa and Nebraska. "Today, America is number one in wind power, generating three times as much wind energy as we did in 2008," Obama said at the National Clean Energy Summit on Monday. Mashable.com
Submitted 5 days ago

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As natural gas replaces coal, U.S. utilities invest big in the future
Southern Company isn’t alone in spending billions to position itself for the natural gas future. One of the largest companies that owns utilities in the U.S., Southern Company, announced a big deal this week that highlights just how aggressively power firms are looking to boost their natural gas power resources at the expense of the declining coal industry. Fortune
Submitted 5 days ago

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Strip-Mining Coal in the Heart of Texas
Texas is undeniably a principal in the oil and gas industry. The Lone Star State is also surging ahead in green electricity, boasting one-fifth of the ~68 GW of wind power currently installed in the United States. But, perhaps less known is that Texas: Scientific American
Submitted 5 days ago

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Privately-Owned Space Stations Are Just Over the Horizon
​Private spaceflight, space tourism, private asteroid mining. All of these are in the works, or here already. But Alex MacDonald, program executive for NASA's Emerging Space Office​, wants a new first for private space exploration: privately-owned space stations. In a talk at the Space Frontier Foundation's NewSpace 2015​ conference, MacDonald says the idea is only 10 years away. All that's in the way are bureaucratic hurdles. Popular Mechanics
Submitted 5 days ago

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San Antonio businesses getting stronger role in crafting training programs
Local officials are creating a group that will give business leaders a stronger role in crafting local education and training programs — part of an effort to fight the “skill gap” that limits hiring in some industries. The group, called the “San Antonio — Talent for Economic Competitiveness” initiative, or SA-TEC, will be led by Alamo Colleges, the San Antonio Chamber of Commerce and a board of directors packed with local executives, including ones from H-E-B, Holt Cat, Boeing San Antonio, Toyota Motor Manufacturing Texas Inc. and JPMorgan Chase Bank. San Antonio Express News
Submitted 5 days ago

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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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