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POLITICO Playback


Submitted 1 years 286 days ago

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Official: Workforce lacks education for Texas jobs
AUSTIN, Texas (AP) — The head of the state's largest business lobbying group testified during the school finance trial Thursday that poor schooling in Texas has left many of the state's firms without enough qualified applicants to fill job vacancies. Bill Hammond is head of the Texas Association of Business, which has joined a group of conservative activists and former state officeholders in arguing that pouring more state funding into public schools won't improve classroom learning because the underlying way Texas funds education has become too inefficient. San Francisco Gate
Submitted 1 years 286 days ago

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Gov. recommends spending on education, ports, water
ATLANTA – Gov. Nathan Deal laid out a modest blueprint for spending in the coming fiscal year, but he included some ambitious construction projects. Largest is the $50 million earmarked for another installment in the state’s share of deepening the Savannah River’s shipping channel. He noted in his State of the State Address, as he does on most occasions, the importance of the Savannah port to the state. “While that is a sizable amount of money, we expect the benefits to be $5.50 for every dollar spent, not a bad return on investment,” he said. Athens Banner-Herald
Submitted 1 years 286 days ago

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Office Depot to get economic incentive check for keeping its headquarters in Palm Beach County
Office Depot will be getting a check in the mail shortly for $322,500 as part of its yearly Qualified Target Industry Tax Refund Program agreement, an incentive for keeping its headquarters in Palm Beach County and creating new jobs. Office Depot applied for the money about a year ago — a tax refund for the calendar year of 2011. The payment includes $64,500 from Palm Beach County, plus the county paid Office Depot $502,120.59 directly. The company told the state it would create 430 jobs by the end of this year, according to the Department of Economic Opportunity, but documents filed with the county in March show it had only created two toward its goals. Palm Beach Post
Submitted 1 years 286 days ago

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For Fourth Month in a Row, Texas Unemployment Rate Drops
The state's unemployment rate fell for the fourth month in a row in December, capping off a drop of more than one percentage point in the rate since December 2011, the Texas Workforce Commission announced Friday. While December's rate only dropped 0.1 percentage point – 6.2 percent to 6.1 percent – from November, the rate for the end of 2012 was 1.3 percentage points below unemployment the year before. Texas employers added 4,100 nonfarm jobs last month, adding up to 260,800 jobs gained cumulatively over the course of the year. Texas Tribune
Submitted 1 years 286 days ago

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Bad Dream
Transportation Secretary Ray LaHood said Friday he couldn't predict when the troubled Boeing 787 "Dreamliner" would fly again, but he vowed that authorities first would make "1,000 percent sure" it was safe. LaHood’s announcement comes after the U.S. Federal Aviation Administration temporarily grounded the 787 after an incident involving battery failures caused an emergency landing in Japan. Fox News
Submitted 1 years 286 days ago

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Tax incentives viewed as crucial to luring businesses
If Mobiquity expands into Gainesville, it would be the 14th company persuaded to move to or stay in Alachua County in part because of tax rebate payments from state and local governments in return for creating jobs. A mobile application developer based in Wellesley, Mass., Mobiquity has promised to create 260 jobs paying almost $50,000 a year if it opens here. In return, it would receive rebates of as much as $2.08 million through the Qualified Target Industry program. Gainesville Sun
Submitted 1 years 286 days ago

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Walmart Hiring 100,000 Vets: Smart Move or Cynical Ploy?
Is it a good-faith attempt at corporate social responsibility, or it is a cynical ploy to generate good publicity in the wake of labor strife and a high-profile bribery scandal? Opinions certainly ran the gamut after Walmart (NYSE:WMT) announced yesterday that it will hire more than 100,000 veterans in the next five years, starting on Memorial Day. Any veteran who applies for a job within 12 months of being honorably discharged will be hired, said Wal-Mart USA CEO Bill Simon in a speech to the National Retail Federation in New York on Tuesday. The Fiscal Times
Submitted 1 years 286 days ago

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Why Robots Are Worse for the Economy Than You Think
Paul Krugman has recently taken a keen interest in the rise of robots and automation — an issue that I have been focusing on since the publication of my book on this subject back in 2009. In a recent post, Krugman says the following: Smart machines may make higher GDP possible, but also reduce the demand for people — including smart people. So we could be looking at a society that grows ever richer, but in which all the gains in wealth accrue to whoever owns the robots. The Fiscal Times
Submitted 1 years 286 days ago

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Mark Sanford: I’m a ‘wounded warrior’


Submitted 1 years 286 days ago

 

 

 

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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