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One Of The Greatest Environmental Disasters In U.S. History Is Going Largely Unnoticed
In just 80 years, some 2,000 square miles of its coastal landscape have turned to open water, wiping places off maps, bringing the Gulf of Mexico to the back door of New Orleans and posing a lethal threat to an energy and shipping corridor vital to the nation’s economy. ProPublica.org
Submitted 4 days ago

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A Tanker Off The Coast Of Texas Has Disappeared
A tanker near Texas loaded with $100 million of disputed Iraqi Kurdish crude has disappeared from satellite tracking, the latest development in a high stakes game of cat-and-mouse between Baghdad and the Kurds. The AIS ship tracking system used by the U.S. Coast Guard and Reuters on Thursday showed no known position for the United Kalavrvta, which was carrying 1 million barrels of crude and 95 percent full when it went dark. Huffington Post
Submitted 4 days ago

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Nashville economy welcomes impact of foreign students
Vanderbilt employee Laxminag Mamillapalli has skills that make him a hot commodity in Nashville’s business world. A 2014 graduate of Vanderbilt’s Owen Graduate School of Management, he has a background in engineering and experience consulting with global firm KPMG — plus he has an MBA. Now, he works in data analytics with an emphasis on health care, building algorithms to determine evidence-based best practices for hospitals and health systems. He is just the type of problem-solver local health care companies need to hire. The Tennessean
Submitted 4 days ago

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Tesla Gigafactory price tag may be too high for California
Budget watchdogs are urging five states, including California, to not give away the store to lure the new Tesla gigafactory. The budget experts have written a joint open letter to the five states recommending they not offer too much in tax breaks or economic incentives to snag the large battery production facility, according to a story in the Contra Costa Times. "This process is so crazy. Tesla is in the driver's seat on this and five governors are falling over themselves," Chris Hoene, executive director of the California Budget Project, told the Times. "The gigafactory is a big fish to land, but it's a pretty high price to pay." Dallas Business Journal
Submitted 5 days ago

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Jim Beam is inviting the world's Jim Beams to a party
Jim Beams of the world, unite. Jim Beam Bourbon is inviting anyone named Jim Beam for a birthday party at its Clermont, Ky., distillery next month. "If your name is Jim Beam, then you better get down here," Fred Noe, master distiller, said in a news release. Noe is the great grandson of Jim Beam. "We want to meet you, and we want to treat you to a special day in honor of a special man." The party starts at 11 a.m. on Thursday, Sept. 18, at Jim Beam American Stillhouse, 526 Happy Hollow Road in Clermont. It coincides with the Kentucky Bourbon Festival in Bardstown that week. The Jim Beams will get a VIP distillery tour, a private barbecue lunch and will be invited to help unveil a life-size bronze statue of Jim Beam. Beam was born in Bardstown in 1864. He was a fourth-generation family distiller, according to the release, and he established Jim Beam Bourbon as a national brand after prohibition. Business First
Submitted 5 days ago

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Foreclosures down overall but 1 in 10 homeowners in Florida is late on mortgage payments
Foreclosure starts increased nationwide for the third consecutive month but are down 20 percent from last year, according to Black Knight Financial Services’ “First Look” at mortgage data for July, released today. It's not all good news, though: Florida did not fare very well compared with other areas across the country, however, topping Black Knight’s list of top five states for foreclosures and delinquencies, with just over 10 percent of active home loans in the state behind in their payments by at least 30 days or more. Nationally, foreclosures are still down almost 20 percent year-over-year and are at the lowest rate nationally since 2008, Black Knight reported. Jacksonville Business Journal
Submitted 5 days ago

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Texas Medical Center to open 'country's largest' life-sciences accelerator
The Texas Medical Center is expected to open a large-scale business accelerator to focus on the life sciences industry. Dr. Robert Robbins, president and CEO of the Texas Medical Center, said the accelerator could be open as early as this fall. The accelerator will be housed at the old Nabisco factory on Almeda Road and Holcombe Boulevard. “We are going to open in October the country’s largest life-science incubator accelerator for taking startup companies and helping shepherd them through,” Robbins said, speaking to members of the Hotel Lodging Association of Greater Houston at an Aug. 21 luncheon. Houston Business Journal
Submitted 5 days ago

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Sony Music Nashville leaving Music Row for new Gulch office building
Sony Music Nashville is moving its headquarters off of famed Music Row in favor of a new office building under construction in the Gulch. Developer John Eakin confirmed the move to me on Wednesday, solidifying a noteworthy change-of-address that had been expected ever since earlier this summer, when Sony began final talks to sell its headquarters at 1400 18th Ave. S. Sony becomes just the latest music business to depart Music Row, heightening an identity crisis confronting the 60-year-old stretch of recording studios and dozens of independent music-related businesses. The evolution is happening as country music's audience is bigger than ever, while the industry continues to search for ways to make money as digital disrupts their standard business model. Nashville Business Journal
Submitted 5 days ago

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Oklahoma's Mississipian Lime feels the rattle of earthquakes daily
Oklahoma has been rocked by more than 100 earthquakes that registered at or above 2.5 on the Richter scale in August, according to the U.S. Geological Survey. That includes a 4.2 magnitude quake on Aug. 19 centered in Guthrie north of Oklahoma City. The quake occurred at 7:41 a.m. during one of the local morning broadcasts. To see video of the quake happening live on air, click here. The news comes as Texas oil and gas regulators draft new rules to crack down on injection wells that are found to be causing earthquakes. For Texas, it’s a reaction to the flurry of earthquakes that rocked the communities northwest of Fort Worth from November to January. The area is in the heart of the Barnett Shale fracking activity. Dallas Business Journal
Submitted 5 days ago

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U.S. shale keeping global oil prices in check despite Middle East turmoil
Worldwide oil prices have been relatively stable in the face of turmoil and disruptions in major oil producing countries, a fact the Energy Information Administration attributes to growth in U.S. shale oil production. For the past 13 months, Brent crude prices, the benchmark for international oil, has stayed between $107 and $112 a barrel, a difference of $5. Compare 2012 when oil prices fluctuated as much as $125 a barrel in March to as low as $95 in June. Oil prices always have reacted, sometimes over-reacted, to world events but the latest EIA report says this stability is a relatively new phenomenon. Dallas Business Journal
Submitted 5 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     
By Mike Randle
There are numerous factors driving the new industrial revolution in the South. And it is a revolution, as this manufacturing surge that began in 2007 continues to break records year after year in the total number of large, capital intensive projects. One factor, of course, is that reshoring of facilities back to the U.S. continues to grow each year.
 
 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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