Capitalism is on the decline in America. The word, that is. A new poll found 50 percent of those surveyed had a positive reaction to “capitalism,” while 40 percent said they see the word negatively. That’s a dip from 2010, when capitalism polled at 52 percent positive and 37 percent negative. Politico
Submitted 1 years 148 days ago

HUNTSVILLE, Alabama -- The possibility of gathering unprecedented scientific data on the moon draws closer as twin probes with ties to North Alabama approach earth's celestial neighbor. The Huntsville Times
Submitted 1 years 148 days ago

Submitted 1 years 149 days ago

Early-stage, high-growth firms have been shown to create the bulk of new jobs in the United States. But who creates all those companies that create all those jobs Evidently, immigrants play an enormous role. Nearly half of the top 50 venture-backed firms in the country were founded at least in part by an immigrant, according to a new study by The National Foundation for American Policy. Expanded to include key management personnel, the portion of the top young companies headed by foreign individuals hikes up to 74 percent. The Washington Post
Submitted 1 years 149 days ago

When Ron Bezon took over the soup kitchen at St. Mary's Catholic Church in 2002, he dished up 34,000 servings during the year. This year, he expects the number to hit a record 90,000 servings, from 6 a.m. snacks of coffee and doughnuts to soup and sandwiches later in the morning. It's part of the menu of the down-and-out in Memphis, where the rolls of the homeless would fill the Orpheum theater more than two times over. Designated by this year's census figures as the poorest city in the country, Memphis added a few people to its homeless rolls recently. One was a woman sleeping in her car in her mother's driveway. One was a woman whose company cut her hours; she could no longer pay her rent. One was a man, a former car salesman, who now sleeps in his car. Memphis Commercial Appeal
Submitted 1 years 149 days ago

The Fort Worth Chamber of Commerce helped complete 15 economic development deals this year that over the next decade will have a $1.2 billion economic impact on the city and Tarrant County, according to a report released Tuesday. The tax incentive deals attracted new companies to Fort Worth and helped longtime city employers expand. The firms include Bell Helicopter, Alcon, GE Transportation and In-N-Out Burger. Altogether, the deals will create 3,458 jobs, with the companies investing $587.5 million to build 3.1 million square feet of office and industrial space, the report said. Star-Telegram
Submitted 1 years 149 days ago

MOBILE -- A house that once belonged to former football star Kenny Stabler in Mobile's historic De Tonti Square is now the home of a Birmingham-based company that offers court transcriptions and other services. Stabler borrowed $75,000 in the early 1990s to turn the house into a restaurant. He later agreed to forfeit the two-story house to settle a debt to the Internal Revenue Service. After one sale fell through in 2010, the Turner Foundation bought the house in June for $157,000. The foundation leases the first floor to Turner's for-profit company, Freedom Court Reporting. Montgomery Advertiser
Submitted 1 years 149 days ago

George Jones is in a sharing mood this holiday season. He opened his home to HGTV for its television show Hollywood at Home. For the record, Jones’ home isn’t in Hollywood — it’s in Franklin. The show, which has an encore presentation at 5 p.m. Monday, gives fans a guided tour of The Possum’s 78-acre estate featuring a stable, two lakes, five outbuildings, two caretaker homes, an outdoor kitchen and a swimming pool. The primary home spans 10,000 square feet with four bedrooms and six bathrooms. The Tennessean
Submitted 1 years 149 days ago

A federal appeals court has reversed a nearly $66 million judgment against FedEx Corp. in a breach of contract claim lodged by the defunct ATA Airlines. The 7th Circuit U.S. Court of Appeals, in a ruling issued Tuesday, agreed with FedEx's contention that there was no firm contract governing a partnership under which FedEx funneled millions in military transport business to ATA. A U.S. District Court jury in Indianapolis last year ordered FedEx to pay ATA $65,998,411 for lost profits in 2008 and 2009. Indiana-based ATA Airlines went bust after FedEx terminated the partnership, and most of the judgment was destined for ATA creditors, including JPMorgan Chase. Memphis Commercial Appeal
Submitted 1 years 149 days ago

LITTLE ROCK -- (AP) Arkansas workers endured layoffs across a number of industries in 2011 but the state economy also had its bright spots late in the year, with an improving employment picture and the opening of what may be the state's most important attraction. The unemployment picture improved in October and November when the state rate dropped two-tenths of a percentage point to 8.0 percent heading into December. Arkansas had 10,000 more people working in November than in November 2010, with an additional 6,700 people in the civilian labor force. Arkansas Business
Submitted 1 years 149 days ago