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IBEX Global hiring 600 in New Braunfels, Tex.
IBEX Global is opening a new call center in New Braunfels and plans to hire 600 in-bound and outbound workers. Washington, D.C.-based IBEX Global is taking over the space formerly occupied by The Scooter Store. The call center operations should open in early November. By the end of the year, IBEX expects to employ between 250 and 300 workers from hourly production to management. In time, the company expects to ramp up hiring to the 600-employee level. San Antonio Business Journal
Submitted 1 years 272 days ago

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Rand Paul says it's 'irresponsible' for Obama to talk default


Submitted 1 years 272 days ago

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Cruz responds to Obama's criticism: 'We're winning'
Sen. Ted Cruz says he's being attacked by Democrats because his strategy on Obamacare has been successful. "The fact that you are seeing so many nasty partisan jabs from Democrats" and that Democrats, including Senator Majority Leader Harry Reid (D-Nev.), "have not been shy in using all sorts of ad hominem inflammatory attacks" means that Cruz's message is gaining traction, he said Sunday on CNN's "State of the Union." The attacks, Cruz said, are "indicative of the fact that we're winning the argument -- Obamacare isn't working." Politico
Submitted 1 years 272 days ago

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Lolly Wolly Doodle opens new distribution center near Lexington, NC
Children’s clothing maker Lolly Wolly Doodle has opened a 80,000-square-foot distribution facility near Lexington, according to the Lexington Dispatch. The company, which recently received a $20 million influx of venture capital from Revolution Growth, will keep its its cutting, sewing and corporate offices in its current location on Piedmont Drive in Lexington. Greater Triad Business Journal
Submitted 1 years 272 days ago

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Guilford OKs furniture maker for incentives
The Guilford County Board of Commissioners approved $113,000 in incentives last week for a Belgian furniture maker to locate its U.S. manufacturing operations in High Point, according to the High Point Enterprise. BuzziSpace designs and makes furniture and acoustical treatments. The company is considering leasing the 105,000-square-foot Pickett Cotton Mill building at 1200 Redding Drive in south High Point and creating 113 jobs over five years. Greater Triad Business Journal
Submitted 1 years 272 days ago

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Tarheel Plastics in Lexington closes, 75 to lose jobs
Employees at Tarheel Plastics on U.S. Highway 64 East received some unwelcome news Friday when the company announced it was closing its doors. Sources state that approximately 75 people have been laid off effective immediately. On its website, IP3 Plastics announced in September that it had "reached an agreement to acquire the injection molding specialist (Tarheel Plastics) … subject to confirmatory due diligence." Officials with IP3 Plastics could not be reached to comment why the acquisition did not take place. The Dispatch
Submitted 1 years 272 days ago

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Salivating on jobs, NC kept upping tax breaks to Ruger
Sturm Ruger & Co. did not hold a gun to North Carolina's head when looking for a site for a new factory that could create 473 jobs. But it looks like the gun maker knew the corporate incentives game, and if Rockingham County was going to get the jobs, Raleigh would have to make the company an offer it couldn't refuse. In August, Connecticut-based Ruger announced it will open a new factory in Mayodan in a former Unifi Inc. plant, with workers getting paid an average of $45,000 a year. In return, N.C. promised more than $13 million in incentives. Rockingham County and the town of Mayodan provided an additional $1.8 million. Greater Triad Business Journal
Submitted 1 years 272 days ago

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A Shrinking U.S. Workforce Is Stifling Economic Growth
The economic recovery from the Great Recession has been achingly slow, with unemployment staying well above the 7% mark despite long-running support from the Federal Reserve in the form of quantitative easing. Will we ever get back to where we once were, pre-financial crisis? Unfortunately, the answer seems to be a resounding no. Experts note that, since the crisis began, the nation's Gross Domestic Product has fallen precipitously, and there is no real indication that things will be looking up anytime soon. The Motley Fool
Submitted 1 years 272 days ago

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Gov. Rick Scott delivers mea culpa on voter purge
TALLAHASSEE -- In a rare display of contrition coming to a Florida city near you, Gov. Rick Scott’s administration is acknowledging what civil rights groups and local elections officials had already been saying: Last year’s attempted purge of noncitizens from voter rolls was fundamentally flawed. “I accept responsibility for the effort,” Scott’s secretary of state, Ken Detzner, told the Herald/Times. “It could have been better. It should have been better.” Miami Herald
Submitted 1 years 272 days ago

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Wendy Davis and Texas are a problem for Democrats
Those who have followed my writing know that I don't think Wendy Davis has a very good chance of being elected governor of Texas. She trails in early polling, there hasn't been a major Texas Democratic statewide officer holder in 20 years, and the state's demographic changes indicate a landscape that is much further away from being competitive than many Democrats argue. But there's more to it than that: Davis' campaign could have bad ramifications for Democrats outside of Texas. The Guardian
Submitted 1 years 272 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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