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The human cost of Texas’ refusal to expand Medicaid
LAREDO, Texas — In mid-May, 20-year-old Anissa Rangel’s gums began to bleed. At first she assumed it was related to her gingivitis, but one morning, she woke up in the bedroom that she shares with three siblings and saw her gray nightshirt stained dark red across the shoulder. A month passed before she told her mother that something was wrong. By then, another symptom was visible: purple bruises on her arms and legs. It had happened to her twice before, once as an infant and again in eighth grade. “The first time we brought her in [to the hospital], they called the police on us,” recalls her father, Jose Rangel, a disabled truck driver with gout and a heart condition. It was only later that the doctors diagnosed her with idiopathic thrombocytopenic purpura, a platelet deficiency that causes fatigue, bleeding and speckly bruises called petechiae. Aljazeera.com
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Dallas Fed officials question whether the U.S. economy is growing too fast with full employment and price stability near
Two officials of the Federal Reserve Bank of Dallas question whether the U.S. economy is growing too fast as the nation nears full employment and price stability. “There are good reasons to believe that we’ll achieve our full-employment and price-stability objectives fairly soon — perhaps as early as next year,” thanks in part to the Federal Reserve’s highly accommodative monetary policy, Fisher and Koenig wrote in the Dallas Fed’s Economic Letter released today. “That prospect gives increased urgency to the question: When should we start removing monetary policy accommodation?” Fisher and Koenig noted that Federal Reserve policymakers successfully “tapped the brakes” in the middle of three of the nation’s longest economic expansions — in the 1960s, 1980s and 1990s — slowing the unemployment rate’s decline. Dallas Morning News
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Unprecedented industrial investments seen in Lake Charles, La., region
Louisiana, and particularly the Lake Charles metropolitan statistical area, is experiencing an unprecedented amount of investment on industrial expansion projects, a former Louisiana State University economics professor said at a presentation Wednesday. Loren Scott discussed his report outlining Louisiana’s economy for 2014-2015 to a crowd of local business officials at the Southwest Louisiana Entrepreneurial and Economic Development Center. He said the state has $103 billion in industrial announcements — with $79.1 billion concentrated in the Lake Charles MSA and $22.3 billion in the Baton Rouge and New Orleans areas. “I’ve been watching this state for 40 years,” he said. “There’s never been anything like this happen before in our state.” American Press
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S.C. Gov. Nikki Haley's focus on jobs helped her weather problems
COLUMBIA, S.C. — Nikki Haley, who became South Carolina's first female governor in 2011, is widely favored to win re-election after sidestepping several first-term blunders and focusing on job gains that have burnished her image nationally as a Republican star. Polls suggest the 42-year-old daughter of Indian immigrants will capture a second term, four years after voters also chose her to become the state's first minority governor. A convincing victory in November is likely needed to help boost any political aspirations she has beyond the governor's office. Already she has become a familiar figure on the national stage, speaking at the 2012 Republican National Convention and campaigning for others including past GOP presidential nominee Mitt Romney. She's also has a 2012 memoir and book tour behind her. The State
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Aerospace-related plant to create 400 jobs in S.C.
A manufacturer of large titanium and super alloy forgings for the aerospace and power generation markets will open a plant in Dillon County, creating more than 400 new jobs over the next five years. The new factory for Wyman-Gordon, a subsidiary of Fortune 500 company Precision Castparts Corp., will house multiple, post-forging operations, ranging from heat treating to machining, delivering a more streamlined process to improve customer service. Company officials said they chose the Caldwell Drive site for the new 60-acre plant near the juncture of Interstate 95 and S.C. Highway 34, just outside Dillon, because of its proximity to Wyman-Gordon's customer base and South Carolina's growing aerospace industry. "We were attracted to the overall business environment in South Carolina," Greg Paolini, vice president and general manager at Wyman-Gordon, said in a statement. "Our new facility will be located in the center of a rapidly growing aerospace sector with easy access to highways, ports, and, most importantly, many of our customers." Post and Courier
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Businesses crossing border between N.C. mountains, Upstate S.C.
ASHEVILLE – Separated by 60 miles of highway and a state line, Asheville and Greenville still share much in common — a broadcast television market, resurrected downtowns, growing economies. But only a handful of Asheville businesses have gone down the mountain to break into the larger Upstate South Carolina market, something business leaders are working to change. The Asheville Area Chamber of Commerce hopes to change that and will start by arranging the first joint meeting between the chamber boards of Asheville, Greenville, Greer and Spartanburg, Asheville Chamber President Kit Cramer said. The communities have common ground to boost a regional economy not confined by state borders, she said. “Geography is on our side, and Interstate 26 is the spine that runs through the Upstate and right through Western North Carolina,” Kramer said. Greenville News
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Deal, Carter spar over jobs in Georgia's governor race
Republican Gov. Nathan Deal defended his economic record on statewide television Sunday night during an hourlong debate with Democratic challenger Jason Carter. Carter, a state senator from Decatur, honed in on the last two months of unemployment figures in arguing that Georgia is not recovering quickly enough from the Great Recession. Peach State unemployment stood at 7.9 percent last month, a bit less than the 8.1 percent jobless rate Georgia posted in August – the nation's highest – but still well above the national average. Atlanta Business Chronicle
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Lighting company to expand, create 700 jobs in DeKalb, Rockdale Co., Ga.
DECATUR, Ga. — The expansion of a Georgia-based lighting company is expected to create 700 jobs in DeKalb and Rockdale counties. Gov. Nathan Deal said in a statement Monday that Acuity Brands is investing $16 million into a new engineering and technology center and upgrades to its existing facilities. Deal says the company is expected to create the new jobs within the next five years. Officials say the company is planning to expand its site in Decatur and upgrade its complex in Conyers. The company is planning to retrofit an existing 167,000 square-foot building and use it as a new engineering and technology center. AJC.com
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Samuel, Son & Co., Limited Plans $32.6 Million Manufacturing Center In Columbia, Tennessee
Metal processor and distributor, Samuel, Son & Co., Limited will locate its new 105,000 square foot, $32.6 million, manufacturing center in NorthPointe Industrial Park in Columbia, Tennessee. The firm plans to create 42 new jobs in Maury County. Area Development
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State Jobless Rates Indicate Less Slack
The unemployment rate fell in 31 states in September, rose in eight and was unchanged in 11 and the District of Columbia, the Labor Department reported Tuesday. Nonfarm payroll employment rose in 39 states and the District of Columbia, fell in 10 states and was unchanged in South Dakota. Us News & World Report
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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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