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New lawsuit challenges Alabama Accountability Act; Says taxpayer dollars will support religious schools
MONTGOMERY, Alabama – A state senator, teacher and a school superintendent have filed a lawsuit seeking to overturn Alabama's new school choice law arguing the legislation was not properly approved and will illegally divert public school money to religious institutions. AL.com
Submitted 1 years 274 days ago

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That's The Randle Report for Wednesday, August 28, 2013
Join us again tomorrow morning for all of the American South's business, economic development and political news in real time and in one place. Use the sort buttons or the search window above to find your favorite stories from yesterday, last week, last month or last year. Click on the headline to access Southern Business & Development magazine.
Submitted 1 years 274 days ago

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UBS adding 1,000 jobs in downtown Nashville
Banking giant UBS plans to bring 1,000 jobs to downtown Nashville, company and government officials announced today. UBS is investing $36.5 million in a new shared-services center that will service the company's wealth management and investment banking divisions. UBS plans to add the 1,000 high-paying jobs over the next five years. UBS currently employs about 300 people in two Nashville-area offices. Bizjournals.com
Submitted 1 years 274 days ago

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Panel: Debt, government regulations hinder North Carolina’s small businesses and job creation
Small-business leaders and advocates sat down with U.S. Sen. Kay Hagan Monday afternoon at the Mint Museum Uptown to discuss the hurdles facing the state’s entrepreneurial community and how those issues are impeding what Hagan says is her No. 1 priority: creating jobs. Top concerns included: the skills gap in the current workforce, the time and money businesses spend navigating government regulations, and the role crushing student loan debt plays in quelling young people’s entrepreneurial ambitions. CharlotteObserver.com
Submitted 1 years 274 days ago

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Fort Worth-made Moto X smartphone as cheap to produce as Asian competitors
NEW YORK — Motorola’s new Moto X phone doesn’t cost more to make simply because it’s assembled in the U.S., research firm IHS said Wednesday. The Moto X, which is being assembled at a Flextronics plant in north Fort Worth, is the first smartphone to carry the “Made in the U.S.A.” designation. Labor costs are generally higher in the U.S. than in Asian factories, where phones are typically made. But IHS said the Moto X is about 5 percent cheaper to make than Samsung Electronics’ flagship Galaxy S4 phone. Star-Telegram.com
Submitted 1 years 274 days ago

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TransCanada wins right to build Keystone XL through Texas family farm
TransCanada Corp. won a state appeals court ruling allowing it to lay the Keystone XL pipeline across a family farm in northeastern Texas, eliminating one of the last obstacles to completion of the southern leg of the Canadian tar-sands line. Julia Trigg Crawford claimed TransCanada lacked the right to use state eminent domain laws to cross her 600-acre family farm near the Oklahoma border without her permission. FuelFix.com
Submitted 1 years 274 days ago

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Gun Bill in Missouri Would Test Limits in Nullifying U.S. Law
JEFFERSON CITY, Mo. — Unless a handful of wavering Democrats change their minds, the Republican-controlled Missouri legislature is expected to enact a statute next month nullifying all federal gun laws in the state and making it a crime for federal agents to enforce them here. A Missourian arrested under federal firearm statutes would even be able to sue the arresting officer. The law amounts to the most far-reaching states’ rights endeavor in the country, the far edge of a growing movement known as “nullification” in which a state defies federal power. NYtimes.com
Submitted 1 years 274 days ago

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TRW Automotive workers strike at Lebanon plant
LEBANON — One of Wilson County’s top employers has been shut down by a strike. About 400 production employees at the TRW Automotive plant in Lebanon went on strike after rejecting a new contract in a lopsided vote on Sunday, according to the United Auto Workers union, which represents the workers. They’re unhappy about concessions the company wanted in the new contract, particularly in the way overtime pay is computed, increases in co-pays for health care and the use of more temporary employees at the plant, TRW Commercial Steering Systems, said UAW District Director Gary Casteel, who is based in Lebanon. Tennessean.com
Submitted 1 years 274 days ago

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Poultry processor to invest $25 million in Alabama operations
Pilgrim's Pride Corp. plans to invest $25 million in its operations in Alabama's Wiregrass, the company announced today. The investment includes a new feed mill in Pinckard and a $10 million renovation of its poultry processing facility in Enterprise. Construction of the feed mill will begin in the next 30 days, and the renovation will happen over the next six months. The feed mill, expected to employ more than 25 people, will replace an existing one in Enterprise. AL.com
Submitted 1 years 274 days ago

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Steel work for Airbus' A320 assembly line in Mobile to begin in September
MOBILE, Alabama – Out-of-sight is most definitely not out-of-mind for Airbus officials monitoring closely the progress of the A320 final assembly line under construction at Mobile’s Brookley Aeroplex. In fact, according to Airbus Americas latest project update, 85 percent of the more than 2,100 pilings for the final assembly line hangar and service building has been driven on the 116-acre Brookley site, providing a “foundation that ensures the buildings and hangars will be strong and resistant – capable of withstanding conditions that include hurricane-strength winds.” AL.com
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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