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Dollar General raises Family Dollar bid to $9.1B
GOODLETTSVILLE, Tenn. -- Dollar General upped its bid for the rival Family Dollar chain and addressed an earlier roadblock, saying that it will more than double the number of stores it would shed to ease the antitrust concerns of its takeover target. The newest bid is worth $9.1 billion, or $80 per share, up from $78.50 per share in the previous offer. Miami Herald
Submitted 1 years 246 days ago

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90-room boutique hotel planned for downtown Chattanooga
A five-story, 90-room upscale boutique hotel is planned for downtown Chattanooga near the Walnut Street Bridge, and the proposal is drawing more support than a similar project two years ago. Chattanooga Times Free-Press
Submitted 1 years 246 days ago

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The Memphis Airport Is on a Mission to Become Its Own City
Quick: Name the busiest airport in America. It's not LAX, and it's not O'Hare; it's not Atlanta Hartsfield-Jackson or Miami International, the jumping-off point to Latin America. It's not any of the airports in metropolitan New York. No, it's Memphis International. Memphis is the busiest airport in the United States in terms of cargo traffic, and the second-busiest cargo airport in the world, bested only by Hong Kong. Citylab.com
Submitted 1 years 246 days ago

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When Labor Day Meant Something
Labor Day online specials at Walmart this year “celebrate hard work with big savings.” For brick-and-mortar shoppers near my home in Chicago, several Walmart stores are open all 24 hours of Labor Day. Remember, this is a company so famously anti-union that it shut down a Canadian store rather than countenance the union its workers had just voted in. The fact that Walmart “celebrates” Labor Day should draw laughter, derision, or at least a few eye-rolls. The Atlantic
Submitted 1 years 246 days ago

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'Revving' economy calls for higher wages, Obama says on Labor Day
MILWAUKEE (AP) -- President Barack Obama renewed his push for Congress to raise the minimum wage Monday in a buoyant accounting of the economy's "revving" performance, delivered on behalf of Democrats opening their fall campaigns for the midterm congressional elections. AL.com
Submitted 1 years 246 days ago

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NASA Is Making a Traffic Control System for Drones
NASA is not down with drones flying around town all willy-nilly and potentially electrocuting North West. The space agency is developing an air traffic control network near Moffett Field, California for unmanned aircrafts at 400 to 500 feet meant to put regulations in place. gizmodo.com
Submitted 1 years 246 days ago

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NASA explains why you won't get a drone delivery anytime soon
Delivery drones are great at exactly one job right now: generating buzz. However, NASA has told the New York Times that actual widget-shipping drones from Amazon or Google are still far in the future. And the space agency should know: it has taken on the task of developing an "air traffic control" (ATC) system for drones flying below 400 feet. Such a system would be run by computers without human aid, and take into account weather, air traffic, geographic obstacles and other factors. The space agency is quite familiar with existing air traffic issues, as it has been advising the FAA on the NextGen system for "real" planes. Armed with that know-how, it sees a number of problems for UAV couriers. engadget.com
Submitted 1 years 246 days ago

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Countdown to NASA's choice to fly crew to space station
CAPE CANAVERAL, Fla. — Companies involved in the next space race await the highly anticipated NASA announcement — expected any day — that will reveal who has won a high-stakes competition to fly astronauts to the International Space Station by 2017. USA Today
Submitted 1 years 246 days ago

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NASA is building the largest rocket of all time for a 2018 launch
NASA has worked on some inspiring interplanetary projects in the last few years, but few have been as ambitious as the simply-named Space Launch System, a new rocket that will be the largest ever built at 384 feet tall, surpassing even the mighty Saturn V (363 feet), the rocket that took humanity to the moon. It will also be more powerful, with 20 percent more thrust using liquid hydrogen and oxygen as fuel. Last week, NASA announced that the Space Launch System, SLS for short, is on track to perform its first unmanned test launch in 2018. The larger goal is to carry humans into orbit around an asteroid, and then to Mars by the 2030s. After that, NASA says the rocket could be used to reach Saturn and Jupiter. Theverge.com
Submitted 1 years 246 days ago

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Georgia Power preps for more nuclear projects
Georgia Power is inching closer to doubling down on what few utilities in the nation are willing to bet on: building more nuclear reactors. Atlanta Journal Constitution
Submitted 1 years 246 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     
According to Chinese theory, yin is a passive, negative force and yang is an active, positive force. Chinese philosophers believe that the opposing forces aren't really contradictory. Instead, they are interconnected and complimentary, interacting to create a balance in one's life. 
 
 Nashville Mayour Karl Dean
The Annie E. Casey Foundation's KIDS COUNT report was released in the summer quarter. I try to read it every time it comes out since I find it to be the best indicator of child poverty, a statistic everyone involved in economic development needs to be aware of. The Annie E. Casey Foundation is a charity that supports disadvantaged children. 
 


 

 

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