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Nick Saban never even considered Texas
Nick Saban is staying in Tuscaloosa. On Friday night, the Alabama football coach signed a long-term agreement to remain with the Crimson Tide. The deal will bring his salary to more than $7 million annually. sporting news.com
Submitted 1 years 262 days ago

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Texas president says he doesn't know Nick Saban, never spoke with him about coaching Longhorns
TUSCALOOSA, Alabama — The rumors were flying, but Texas president Bill Powers said they were all bunk. Speaking at a news conference in Austin after Mack Brown officially announced his resignation, Powers was asked about any contact with Alabama coach Nick Saban. AL.com
Submitted 1 years 262 days ago

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Bentley takes tougher tone on AL Medicaid expansion under Obamacare
Gov. Robert Bentley has expressed opposition to Medicaid expansion for more than a year, but in recent weeks, his tone has grown notably harder. Montgomery Advertiser
Submitted 1 years 262 days ago

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Birmingham's buy-local "awakening" part of a bigger economic engine and downtown rebirth
You can buy handmade scarves and jewelry and get your fill of original photography and vintage clothing, but this weekend's Holiday Craft Bazaar is about a lot more than just stocking stuffers. That's the message spread by REV Birmingham and the Forest Park South Avondale Merchant Association as the 8th annual bazaar--expected to be the most successful in the event's history-- brings 30 local craftsmen and positive economic impact to the neighborhoods. AL.com
Submitted 1 years 262 days ago

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AT&T City Center puts 12 stories, 252,000 square feet on Birmingham's office market
BIRMINGHAM, Alabama – Twelve of the 30 floors in the AT&T City Center office tower in downtown Birmingham have been put on the market for lease. AL.com
Submitted 1 years 262 days ago

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St. Tammany to make economic development announcement Monday
St. Tammany Parish government will hold a news conference Monday morning to announce "an economic development first" for the parish. The announcement will involve parish government, CLECO Power, Greater New Orleans Inc., and others, according to a news release from Parish President Pat Brister's office. Times-Picayune
Submitted 1 years 262 days ago

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Markets to Fed: It's game time, baby!
As the stock market heads into the final stretch of what has been a very strong 2013, all eyes will be laser-focused on the Federal Reserve this week. The central bank wraps up a two-day policy meeting Wednesday and investors want to know whether it will finally announce that its ready to pull back on, or taper, the massive bond buying program that has helped fuel this year's mega-rally on Wall Street. CNN
Submitted 1 years 262 days ago

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US STOCKS-Futures point to higher open, all eyes on Fed
U.S. stock index futures pointed to a higher open on Monday, as large deals boosted optimism after a steep decline last week, though investors remained heavily focused on an upcoming Federal Reserve policy meeting. Reuters
Submitted 1 years 262 days ago

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Citrus farmers set for a big year selling Louisiana oranges, satsumas, Meyer lemons and more
The recent chilly weather has delighted Louisiana's citrus farmers, sweetening their oranges, satsumas, Meyer lemons and other fruit and bringing out good color. Times-Picayune
Submitted 1 years 262 days ago

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Celebrity chef Emeril Lagasse targeted by BP in fight over oil spill payments
Celebrity chef Emeril Lagasse isn't feeling the love from oil giant BP this week. In a full-page ad in the New York Times on Thursday, BP took aim at Lagasse's restaurants in the oil company's ongoing public campaign to force businesses seeking oil spill settlement money prove their losses were caused by the Deepwater Horizon disaster in 2010. Times-Picayune
Submitted 1 years 262 days ago

 

 

 

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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