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Fort Worth-built F-35: Too big to fail?
At EGLIN AIR FORCE BASE, Fla. — With an ear-ringing roar, the matte-gray fighter jet streaked down Runway 12 and sliced into a cloudless afternoon sky over the Florida Panhandle. To those watching on the ground, the sleek, bat-winged fuselage soon shrank into a speck, and then nothing at all, as Marine Capt. Brendan Walsh arced northward in America’s newest warplane, the F-35 Lightning II. The F-35 has features that make pilots drool. It is shaped to avoid detection by enemy radar. It can accelerate to supersonic speeds. One model can take off and land vertically. Onboard electronic sensors and computers provide a 360-degree view of the battlefield on flat-panel screens, allowing pilots to quickly identify targets and threats. But its greatest strength has nothing to do with those attributes. The Defense Department and Lockheed Martin, the giant contractor hired to design and build the plane, also known as the Joint Strike Fighter, have constructed what amounts to a budgetary force field around the nearly $400 billion program. The Washington Post
Submitted 1 years 287 days ago

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The States Leading the U.S. Manufacturing Resurgence
Manufacturing is the backbone of America. It’s in our blood. Americans know how to build — it’s how we forged a nation, won two world wars, put men on the moon, and shaped the “new economy.” American workers are among the most productive in the world. With new advances in technology, lean manufacturing techniques, and best practices, American manufacturing is becoming cost-competitive with offshore locations, resulting in more companies bringing their operations back to the United States (or near-shoring to Mexico). Area Development
Submitted 1 years 287 days ago

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NYC mayor: Mississippi 'anti-Bloomberg' bill ridiculous
NEW YORK — New York City Mayor Michael Bloomberg is chiding the Mississippi Legislature for passing a bill pre-empting local food restrictions. If the Mississippi bill becomes law, cities and counties won't be allowed to enact rules limiting such things as the size of soft drinks, the salt content in food or the shortening used in cookies. Mississippi lawmakers are calling it the anti-Bloomberg bill. Bloomberg's attempt to limit the portion sizes of sugary drinks was struck down by a New York judge this week. Bloomberg said on his WOR Radio show Friday that Mississippi has the highest obesity rate in the nation. He said life expectancy is low there compared to the Northeast. He called the anti-Bloomberg bill "ridiculous." Clarion-Ledger
Submitted 1 years 287 days ago

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Miss. governor: No local bans on XL food portions
JACKSON — In the most obese state in the nation, Mississippi Gov. Phil Bryant says he'll sign a new law to prevent cities or counties from banning extra-large soft drinks or requiring restaurants to list calorie counts on menus. Some lawmakers call Senate Bill 2687 the "anti-Bloomberg" bill as a jab at New York Mayor Michael Bloomberg, who tried to limit super-size sodas. Bryant, a Republican, says he opposes local restrictions because he sees them as "nanny state" interference into private business practices. Health advocates urged Bryant to veto the bill, but he says it's up to consumers, not government, to make healthful food choices. Bloomberg said Friday on WOR radio in New York that the Mississippi bill is "ridiculous" and life expectancy in the Southern state is shorter because of obesity. Northeast Mississippi Daily Journal
Submitted 1 years 287 days ago

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New Orleans region needs to solidify business victories for long term, GNO Inc. leader says
The past year was full of accolades for New Orleans, from national publications and research groups, on the city's business climate, economy, strength as a tourism draw and performance as host of Super Bowl 2013. "Both our reality and our perception are changing," said Michael Hecht, president of the Greater New Orleans Inc. economic development group, giving his annual overview Thursday of the region's progress. He ticked through the plaudits and some notable victories, such as the decision by Smoothie King to base itself in Metairie instead of Dallas and expand its operation, plans for an large Mosaic Company ammonia plant in St. James Parish, expansion plans for the Nalco polymer production facility in St. John the Baptist Parish, creation of a plastics shipping terminal along the Industrial Canal in New Orleans by Transportation Consultants, Inc., the announcement Tuesday that Lockheed Martin will build massive natural gas tanks at the Michoud Assembly Facility and the announcement about a year ago that General Electric would put a technology office in the city. Times-Picayune
Submitted 1 years 287 days ago

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Eagle Ford Shale Boom Fuels ‘Madhouse’ in South Texas Counties
For the last 30 years, the quiet, dusty crossroads of Texas Routes 119 and 72 in Yorktown mostly consisted of a Dairy Queen on one corner, a gas station across the street and some traffic, usually heading somewhere else. Ranchers joked that it was possible to make a small fortune in raising cattle on the mesquite and cactus range -- if you started with a very large fortune. Population in rural, south Texas grew slowly or not at all during the 2000s as suburbs boomed around Houston, Dallas and Austin. The shale boom has changed all that here and throughout an oil-rich swath of counties extending to the Canadian border. Figures released yesterday by the U.S. Census Bureau show counties in south and west Texas are now among the fastest- growing places in the U.S. as oilfield workers rush to the Eagle Ford Shale. The underground formation holds an estimated 3 billion barrels of oil and 150 trillion cubic feet of natural gas reserves. “It’s a madhouse,” J.E. Wolf III, a Yorktown real estate broker, said in a telephone interview. “I’ve been selling real estate here for 43 years, and I’ve never seen it like this.” Bloomberg
Submitted 1 years 287 days ago

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Osceola County, Fla., leads all U.S. counties in foreclosure activity
Florida had the nation's highest rate of foreclosure activity for a sixth straight month in February, with Osceola leading all U.S. counties in foreclosure-related legal filings, according to a report released today by RealtyTrac Inc. The four-county Orlando metropolitan area ranked second out of all U.S. metro areas in February, edging up from third place in January. The metro area reported 4,144 foreclosure-related legal filings last month, up 7 percent from January and 32 percent from a year earlier. Orlando Sentinel
Submitted 1 years 287 days ago

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Okla. man arrested in Fla. gambling probe gave to N.C. gov
RALEIGH, N.C. — Gov. Pat McCrory announced Thursday his campaign has given to charity campaign cash that he received from an Oklahoma man who has been charged in the investigation of a Florida gambling probe. Records also showed a North Carolina law firm the governor worked for just prior to taking office lobbied on behalf of International Internet Technologies. That firm, Moore & Van Allen, filed paperwork with the state Thursday severing its ties with the Anadarko, Okla.-based company. IIT owner Chase Egan Burns and his wife contributed $8,000 to McCrory's campaign in October, according to records. Burns gave another $28,000 to the North Carolina Republican Party and $118,500 to both GOP and Democratic legislators. Burns, 37, is accused of owning gambling parlors operating under Allied Veterans, a purported Florida-based charity for veterans. Prosecutors said Allied earned about $300 million from illegal gamming, while about 2 percent of the proceeds were spent on veterans. Tampa Bay Times
Submitted 1 years 287 days ago

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ConAgra Marks Start of Russellville, Ark., Expansion, 80 New Jobs
RUSSELLVILLE — ConAgra Foods broke ground Friday on a $100 million expansion to a plant in Russellville where it plans to add 80 new jobs. Omaha, Neb.-based ConAgra announced the expansion last year. It plans to produce Bertolli and P.F. Chang's frozen meals at the facility. The company acquired these brands last year as part of its effort to devote more of its business to frozen foods. The Russellville facility has been in operation since 1964, and produces Banquet, Healthy Choice and Marie Callender's products. ConAgra is also known for making Slim Jim snacks and Peter Pan peanut butter. Arkansas Business
Submitted 1 years 287 days ago

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Metro Atlanta’s jobless rate rises to 8.7 percent in January
Employers in metro Atlanta laid off more workers in January, including many hired for the Christmas holiday season, driving up the area’s unemployment rate to 8.7 percent, from 8.4 percent in December, the labor department said Thursday. The number of jobs in metro Atlanta declined by 29,100, or 1.2 percent, from December to January, the labor department said. Initial claims for unemployment insurance benefits jumped by 9,751, or 44.5 percent, from December to January, primarily because of seasonal layoffs. Most of the claims were filed in construction, manufacturing, trade, transportation and warehousing, administrative and support services, and accommodations and food services. AJC.com
Submitted 1 years 287 days ago

 

 

 

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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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