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Some CEOs Are Still Cashing In at Our Expense
Many of the highest paid CEOs are profiting at the expense of their stockholders – and at the expense of American taxpayers, according to a study released Wednesday morning by the progressive Institute for Policy Studies. A surprising 38 percent of these corporate titans were either fired involuntary, led companies that were penalized for fraud, or received a taxpayer bailout after the 2008 financial crash. The Fiscal Times
Submitted 1 years 275 days ago

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The Great Lesson from the Great Recession
One of the main messages in the great work by Milton Friedman and Anna Schwartz, A Monetary History of the United States, 1863-1960, is that the Federal Reserve bears considerable responsibility for the severity of the Great Depression. Poor monetary policy, they argue persuasively, can magnify and prolong economic downturns. The Fiscal Times
Submitted 1 years 275 days ago

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Missouri Gov. Jay Nixon blasts back at Perry trip
Missouri Gov. Jay Nixon has pulled up the welcome mat and put on the gloves. Nixon was initially dismissive of the Texas governor’s business luring trip to Missouri this Thursday. But that was when the $100,000 relatively tame TV ads were running that just featured businessowners touting Texas. Dallas Morning News
Submitted 1 years 275 days ago

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Why one Republican legislator is dropping out of Congress’ health plan
I asked Rep. Robert Pittenger (R-N.C.) to ask about his decision to drop out of Congress’s health plan, where he plans to shop for health coverage and his thoughts on defunding Obamacare. What follows is a transcript of our discussion, lightly edited for clarity. Washington Post
Submitted 1 years 275 days ago

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Tech incubator to launch at new Orlando HQ
A new business incubator for technology startups will celebrate its grand opening in downtown's GAI Building today. Orlando Sentinel
Submitted 1 years 275 days ago

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Bobby Jindal and Rick Perry Look to South Carolina and Florida as 2016 Looms
Two Gulf State governors -- Gov. Bobby Jindal of Louisiana and Gov. Rick Perry of Texas -- turned their eyes to South Carolina and Florida this week as they consider launching bids for the Republican presidential nomination in 2016. Sunshinestatenews.com
Submitted 1 years 275 days ago

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PGT to build additional plant and hire 50 to 60
VENICE - Window and door maker PGT Inc. plans to significantly expand its manufacturing operation on newly acquired property in North Venice. The Nasdaq-traded company said Tuesday it intends to build a $12 million to $14 million glass plant on a portion of 12 acres it recently acquired a block north of its main campus on Technology Drive. Sarasota Herald Tribune
Submitted 1 years 275 days ago

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Miami Dolphins sell club-level naming rights to BankUnited
The Miami Dolphins' most valuable chunk of real estate — their stretch of premium stadium seats with the best views of the field — has a new deep-pocketed backer. The Dolphins have sold the naming rights to their club level to BankUnited, The Miami Herald has learned. Miami Herald
Submitted 1 years 275 days ago

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California tech company expanding into Austin, creating 140 jobs
A California company that makes smart thermostats is teaming with a tech outsourcing company to create about 140 technical support and customer service jobs in Austin. Nest Labs Inc. of Palo Alto, Calif., is working with Spot BPO of Austin to expand technical and customer support operations here on behalf of Next Labs’ products. Austin American-Statesman
Submitted 1 years 275 days ago

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Ark.-based Walmart Extends Benefits To LGBT Employees' Same-Sex Domestic Partners
Walmart, the nation’s largest private employer, will soon offer a full suite of benefits to its employees’ domestic partners, including those of the same sex. The change will take effect in all 50 states, independent of each state’s definition of what marriage, domestic partnership or civil union entails. Forbes
Submitted 1 years 275 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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