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The Best and Worst Governors on Growth
Federal lawmakers have created an economic mess with their chronic overspending and inability to deliver stable, pro-growth tax policies. Perhaps the elections will break the Washington gridlock and knock loose some solutions. Until then, state capitols are the only place where there is real fiscal progress. Two governors—Scott Walker of Wisconsin and Chris Christie of New Jersey—have gained national attention for their changes to government pension and union rules. But other state leaders are making breakthroughs on taxes, and they are the focus of Cato's new "Fiscal Policy Report Card on America's Governors." The Wall Street Journal
Submitted 1 years 285 days ago

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Nashville Medical Mart plans canceled by developer
A Texas-based development company is canceling plans to convert the existing Nashville Convention Center into a new medical mart, The Tennessean has learned“We will soon announce the formal suspension of the Nashville Medical Trade Center project,” Bill Winsor, CEO of the Dallas Market Center, wrote in an email to Nashville supporters Thursday. “The city’s need to have a guaranteed timeline of reuse for the space is understandable, but not something that we could commit to with only 400,000 square feet of our pre- leasing goal achieved,” he continued. “ For us to securitize this project we needed 600,000 square feet preleased.” The Tennessean
Submitted 1 years 285 days ago

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Could 'Friday night lights' go dark in Texas? .


Submitted 1 years 285 days ago

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Texas sales tax revenue up 11.5 percent for September
Texas saw its sales tax collections rise in September, with revenue of $1.96 billion, an increase of 11.5 percent over the same month last year, the state comptroller’s office said Wednesday. It was the 30th consecutive month in which sales tax revenue has increased, the comptroller’s office said. Sales tax is an important source of revenue for the state, paying for a number of services, from schools to prisons. “Continued strength in the manufacturing and oil and natural gas sectors led to the sales tax revenue increase,” Texas Comptroller Susan Combs said in a news release. “Collections were also boosted by improvement in consumer spending at restaurants and retail stores. State sales tax revenue has now increased for 30 straight months.” Austin American-Statesman
Submitted 1 years 285 days ago

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Texas report highlights water benefits of coal-to-gas switching
Aside from emitting less carbon dioxide (CO2), switching much of the Texas power generation portfolio from coal-to-natural gas could also conserve a lot of water. That’s the crux of a newly-released report from researchers at the University of Texas at Austin. “Replacing Texas’ coal-fired power plants with natural gas combined cycle plants (NGCCs) would reduce annual freshwater consumption in the state by an estimated 53 billion gallons per year, or 60% of Texas coal power’s water footprint, largely due to the higher efficiency of NGCCs,” according to the report. That’s enough water conserved to supply a million people, assuming 140 gallons of daily consumption per person, according to the report. Energybiz.com
Submitted 1 years 285 days ago

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New jobless claims plummet, now below long-term average
According to the Labor Department, initial jobless claims fell to 339,000 last week, a decline of 30,000 from the previous week. That’s notable for several reasons. First, it’s the lowest weekly total since February 2008. It’s also a 16.3 percent decrease in initial jobless claims from the same week a year ago, and perhaps most importantly, it is lower than the long-term average of 363,460 jobless claims filed per week. Atlanta Journal-Constitution
Submitted 1 years 285 days ago

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Hiring, job openings inch up in South
The employment picture improved in the South during August, but only slightly, according to new data from the Bureau of Labor Statistics. The 16-state region, which includes Georgia, had 1.41 million job openings at the end of August. That was an increase of about 10,000 – less than 1 percent – from the previous month. It was also up 24 percent from a year ago. Hiring was up about 2.8 percent between July and August. It was also up 6.4 percent from a year ago. Atlanta Business Chronicle
Submitted 1 years 285 days ago

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POLITICO Playback


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Post Office to add new global 'Forever' stamps along with price increase
The cost of sending a letter in the United States will go up by a penny next year, the cash-strapped U.S. Postal Service said on Thursday. "Forever" stamps will cost 46 cents starting Jan. 27, the agency said. Consumers can use those stamps to mail one-ounce letters anywhere in the country. As the name implies, they are always valid, even after stamp prices rise. The Postal Service will also offer a new, global Forever stamp starting next year, which customers can use to send letters anywhere in the world for a set price of $1.10. Reuters
Submitted 1 years 286 days ago

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Just what is malarkey, anyway? Well, it's just malarkey
This post turned out to be a lot less satisfying than I hoped it would be. Ladies and gentlemen, it's nothing but a bunch of malarkey. Literally. My interest in "malarkey" was piqued last night by Vice President Joe Biden, who makes frequent use of "malarkey," a word that may not have any meaningful or interesting origin. Biden has made use of that word before the debate Thursday night, certainly. In this video from 2009, Biden uses "hokum" (a word with an interesting origin) and "malarkey" interchangeably while explaining that there are no "death panels" in Obamacare: al.com
Submitted 1 years 286 days ago

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

In growth, companies find themselves in the dilemma of identifying capital to increase capacity and managing opportunity cost where capital may be deferred. This dilemma is amplified as capacity constraints drive a company to complete the site selection process for an expanding or new facility. 
 

 Randle Report - Business News in the South

 FEATURE  
By Dr. Glen Fenter
Desperation sometimes masks itself in acceptance. Such was the case for Takelia Carter of Marion, Ark. For Carter, the mother of six school-age children in a low paying job, desperation was normative existence. This was her life in Crittenden County, Ark., deep in the Delta where unfortunately one in four families lives well below the poverty level.
 

 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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