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Pandemic of pension woes is plaguing the nation
Detroit, you're not alone. Across the nation, cities and states are watching Detroit's largest-ever municipal bankruptcy filing with fear. Years of underfunded retirement promises to public sector workers, which helped lay Detroit low, could plunge them into a similar financial hole. CNBC
Submitted 1 years 274 days ago

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Green billionaire goes big in Va. gov race
Tom Steyer, the environmentalist billionaire who has mounted a national campaign opposing the Keystone XL pipeline, has directed his political operation to spend heavily in the Virginia governor’s race in support of Democrat Terry McAuliffe, POLITICO has learned. Steyer, a California-based financier, instructed advisers on Friday to launch television ads starting this week. The paid-media blitz from his group, NextGen Climate Action, will be the opening salvo in what’s expected to be a much larger effort aimed at mobilizing and turning out climate-oriented voters in a key off-year gubernatorial race. Politico
Submitted 1 years 274 days ago

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Duke Kills Florida Nuclear Project, Keeps Customers' Money
The decision by Duke Energy (DUK) to scuttle a proposed nuclear reactor project in central Florida leaves utility customers in the state with a tab of more than $1 billion—most of it already paid to Duke—for unbuilt plants that may never produce a single kilowatt of energy. That’s proved a powerful irritant for customers in the Sunshine State, where air conditioning is a necessity for much of the year. Businessweek
Submitted 1 years 274 days ago

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Florida Will Hold Hearings On ‘Stand Your Ground’ This Fall
Will Weatherford, the Republican speaker of Florida’s House of Representatives, revealed on Friday that the state’s legislature will hold hearings on its infamous “Stand Your Ground” laws sometime this fall. While the announcement came buried in one sentence of a defensive opinion piece published this past Thursday in the Tampa Tribune, Reuters nonetheless characterized it as “the biggest concession yet by the state’s Republican leaders to protesters’ demands for a top-to-bottom review of the law.” Think Progress
Submitted 1 years 274 days ago

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Governor to launch new purge of Florida voter rolls
TALLAHASSEE -- Gov. Rick Scott will soon launch a new hunt for noncitizens on Florida’s voter roll, a move that’s sure to provoke new cries of a voter “purge” as Scott ramps up his own re-election effort. Similar searches a year ago were rife with errors, found few ineligible voters and led to lawsuits by advocacy groups that said it disproportionately targeted Hispanics, Haitians and other minority groups. Those searches were handled clumsily and angered county election supervisors, who lost confidence in the state’s list of names. Miami Herald
Submitted 1 years 274 days ago

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Future of nuclear power in Florida cools off
The future of the nuclear energy industry in Florida appears to be dimming. Duke Energy Corp. on Thursday announced it had indefinitely postponed plans to build two new reactors in sparsely populated Levy County on the Gulf Coast, citing federal licensing delays and economic concerns. Miami Herald
Submitted 1 years 274 days ago

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New major industrial buildings to be Pasco's first since recession hit
LUTZ, Fla. - In February, auto magnate Larry Morgan told a ballroom full of movers and shakers he was going to bring a lot of jobs to Pasco County. Now he is ready to make good on that promise. Last week, Morgan learned he would get a permit from the Army Corps of Engineers clearing the way for a $15 million expansion at his Compark 75 industrial park. Tampa Tribune
Submitted 1 years 274 days ago

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Motorola's New Smartphone: Made in the U.S.A., but Not for Much Pay
Today, Google-owned Motorola is officially announcing the new Moto X, an Android-powered device that, as its ads remind us, will be the first smartphone actually manufactured in the United States. Motorola is teaming with Flextronics to assemble the handsets at a former Nokia factory in Fort Worth, Texas, which will eventually employ somewhere around 2,000 workers. The Atlantic
Submitted 1 years 274 days ago

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The Making of Allen West Inc.
The car bearing Allen West to the Capitol pulls over so the former House member can show identification to a security guard. The officer recognizes him instantly and pushes West's ID away. Then he reaches into the passenger-side window and pulls the Army veteran in for a bro-hug. "We gotta get you back here," the officer says. "Oh, I'll be back," West replies, flashing his slightly gap-toothed smile. "Tell the fellas." The truth is, Allen West never really left. National Journal
Submitted 1 years 274 days ago

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What Would Happen if Voting Were Easier?
If they really wanted you to vote, they would make it easy. The people in politics and government encourage voting the same way other institutions encourage dieting, fitness and saving for retirement. Texas Tribune
Submitted 1 years 274 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 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     
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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