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Constitutionality of Arkansas abortion measures in doubt
LITTLE ROCK — Proposed abortion restrictions currently moving through the Legislature likely would run afoul of the Constitution and U.S. Supreme Court precedent if they become law, according to a law professor at the University of Arkansas at Little Rock. Arkansas News Bureau
Submitted 1 years 282 days ago

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That's The Randle Report for Friday, February 8, 2013
Join us again Monday 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. Also, click on the Sports tab above for all of the South's sports news in real time. Click on the headline to access Southern Business & Development magazine.
Submitted 1 years 285 days ago

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Optimism about economy sends stocks to multiyear highs
(Reuters) - The Nasdaq composite stock index closed at a 12-year high and the S&P 500 index at a five-year high after stronger U.S. and international trade data improved the outlook for economic growth. The S&P 500 also posted a sixth straight week of gains for the first time since August. Data showed Chinese exports grew more than expected, while another report showed the U.S. trade deficit had narrowed in December, indicating the U.S. economy strengthened in the fourth quarter. "That may have sent a ray of optimism," said Fred Dickson, chief market strategist at D.A. Davidson & Co in Lake Oswego, Oregon.
Submitted 1 years 285 days ago

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Record Oil Exports Shrink the Trade Deficit as U.S. Nears Self-Sufficiency
Record petroleum exports helped shrink the U.S. trade deficit in December to the smallest in almost three years as America moved closer to energy self- sufficiency, a goal the nation has been pursuing since the 1973 Arab oil embargo. The gap narrowed 20.7 percent to $38.5 billion, the smallest since January 2010 and lower than any estimate in a Bloomberg survey of 73 economists, Commerce Department figures showed today in Washington. Oil exports climbed $11.6 billion. Another report showed wholesale inventories unexpectedly declined in December. Bloomberg
Submitted 1 years 285 days ago

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Toyota gives Northeast Mississippi groups $400,000 worth of Corollas
BLUE SPRINGS – Toyota Motor Manufacturing Mississippi donated 29 cars on Thursday to organizations across Northeast Mississippi. Itawamba Community College and Northeast Mississippi Community College each got seven vehicles, and emergency management agencies in Pontotoc, Union and Lee counties each received five. The cars, with a total value of $403,000, are intended to serve as training vehicles for schools and first responders. Brad Crowder, director of the automotive technology program at ICC, said the cars will be used to train students on the latest in automotive technology. Northeast Mississippi Daily Journal
Submitted 1 years 285 days ago

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Mercedes to produce new SUV at Alabama plant
Mercedes-Benz will add a totally new sport utility vehicle to its production line in Vance, most likely in 2015. Dieter Zetsche, chairman of Daimler AG, the parent company of Mercedes-Benz, told the company's shareholders' meeting in Stuttgart, Germany, on Thursday that the fifth model destined for Mercedes' sole U.S. auto assembly would be an SUV. Mercedes officials previously have said that a fifth so-called mystery vehicle would be added to its production line in Vance in 2015, but they had not said what type of vehicle it would be. "At our plant in Tuscaloosa, Alabama, we are currently preparing for the production of another new SUV: an especially dynamic all-terrain vehicle," Zetsche said at the annual meeting. "You will hear more about that soon." Tuscaloosa News
Submitted 1 years 285 days ago

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Smith & Nephew chief says Obamacare not reason for Memphis layoffs
Smith & Nephew last week blamed 63 layoffs in Memphis on rising federal taxes, but the company's CEO recanted Thursday, saying the job cuts have nothing to do with the new the health care law that taxes medical device makers. Smith & Nephew CEO Olivier Bohuon told industry analysts Thursday that Memphis newspapers and broadcasters last week incorrectly linked the company's 100 job cuts worldwide to the medical device tax. A company spokesman last week told The Commercial Appeal that layoffs would save money and help Smith & Nephew shoulder the cost of the new tax. But in the conference call Thursday with Wall Street analysts, London-based Bohuon insisted the media got the story wrong. Memphis Commercial Appeal
Submitted 1 years 285 days ago

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Memphis has the worst credit score among the nation's metro areas
No metro area in America has a consumer credit score lower than Greater Memphis' 638 average, the rating agency TransUnion reported on Thursday. Hammered by layoffs, foreclosures and bankruptcies, metropolitan Memphis has been sliding for years down TransUnion's scale. But just why the Bluff City skidded past McAllen, Texas, and finally hit bottom isn't entirely a tale of carnage. Will Garey figures his stint clerking in a Downtown payday loan shop last summer clued him in. Memphians favor payday loans like they love barbecue. "You look at all these consumer lending offices around town," said Garey, now the hardware manager at Hollywood Furniture and Hardware Co. on the Northside. "Where I worked I'd look at 20 and 30 applications a day." Memphis Commercial Appeal
Submitted 1 years 285 days ago

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Bobby Jindal's approval rating dips below 50 percent in new poll
Gov. Bobby Jindal's approval ratings have dipped below 50 percent for the first time, according to a poll released Friday (Feb. 8) by Voter/Consumer Research in Washington, DC. The poll, which also took the temperature of Louisianians on recent national and statewide health-care decisions, highlighted how nearly half of those polled believe the state is on the wrong track. The polling company's website says its clients "include corporations, associations, political candidates, I&R campaigns, IE campaigns and Republican Party committees." Only U.S. Sens. Mary Landrieu and David Vitter had approval ratings over 50 percent, with the Democrat topping her Republican colleague by 59 to 55 percent, according to the poll. Jindal's approval rating dropped to 49 percent -- down from 51 percent in September -- while Treasurer John Kennedy polled at 49 percent and Lt. Gov. Jay Dardenne at 45 percent. Times-Picayune
Submitted 1 years 285 days ago

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Mississippi health insurance exchange rejected
State Insurance Commissioner Mike Chaney predicts dire consequences from federal rejection of Mississippi’s plan to run its own health insurance exchange and says it will hit Mississippians in their pocketbooks, put insurance agents out of work and give Washington total control over health insurance in the state. But Gov. Phil Bryant said the exchange would have been “a portal to a massive and unaffordable new federal entitlement program” that would have brought taxes and expense to Mississippians. In announcing the long-awaited decision on Thursday, Republican Chaney criticized the White House. He also has criticized fellow Republican Bryant recently but made mainly oblique references to him Thursday. Jackson Clarion-Ledger
Submitted 1 years 285 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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