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That's The Randle Report for Thursday, December 13, 2012
Join us again tomorrow morning as we continue to bring you 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 291 days ago

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Since when did Bill Clinton start wearing such fancy boots?
For the record: My wife and I spent a total of nearly four years living in Austin, all of them happily, and she has a graduate degree from UT Austin, whose burnt-orange longhorn symbol is the inspiration for the footwear shown to the right. (Talk about higher-ed iconography.) So: I like Texas, I like UT, and I even like cowboy boots, a very nice dark-brown set of which I had hand-made when we lived there. But those things Clinton is wearing! Whoa.
Submitted 1 years 291 days ago

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Robot Workers: Coexistence Is Possible
The robots are coming. Resistance is futile. From car factories to microprocessor plants to fulfillment warehouses, a single robot can now handle tasks that once took hundreds of man-hours to complete. This relentless march of automation is causing economic upheaval. As time goes on, companies will become more productive and more efficient, but the amount of human labor required will decrease and the pay will be less. The sentient worker will be reduced to a relic of a simpler age. This is what we’ve been told, anyway. To some economists, stubbornly high unemployment rates in the U.S. and Europe are at least partly attributable to the rise of machines. Bloomberg
Submitted 1 years 291 days ago

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Nissan Smyrna ramps up for Leaf
SMYRNA — Nissan has begun limited production of its Leaf electric car at its manufacturing complex in Smyrna, and it is now using lithium-ion battery packs also made at the facility to power the cars coming off the assembly line. Production of the cars in Smyrna began in September, using batteries imported from Japan. The lithium-ion batteries began coming off the line in October at the new $1 billion battery plant, which is adjacent to the vehicle-assembly facility. About 300 workers have been hired so far to staff the battery and vehicle assembly lines at the Smyrna complex. An additional 1,000 new employees might be added as production cranks up, The Tennessean
Submitted 1 years 291 days ago

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La. Sen. David Vitter accuses BP of creating image in ads that doesn't match reality
WASHINGTON -- Noting that BP continues to spend lots of money on advertising about its post-2010 oil spill commitment to "make things right," Sen. David Vitter, R-La., Thursday said the company is doing more to help Europe than Louisiana. In a sarcastic letter to Lamar McCay, chairman and president of BP America Inc., Vitter suggests the image the company presents in ads isn't consistent with its record. He mentions the company's Mad Dog Phase II project in the Gulf of Mexico, which the company says includes a spar floating system with infield flow lines and associated infrastructure to connect subsea production and injection wells. "To date, BP has contracted for the hull to be built in Finland," Vitter said in his letter to McCay. "You have contracted for transportation of the hull to be performed by a Dutch firm. And you have contracted for the topsides to be installed by a Dutch firm. BP has awarded the lucrative engineering contract to a British firm." "Apparently, you're very keen on 'making this right' ... in Europe." Times-Picayune
Submitted 1 years 291 days ago

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Memphis-based IP sells building products division to Nashville-based Georgia-Pacific for $750 million
Memphis-based International Paper Co. will sell the Temple-Inland building products division to Georgia-Pacific LLC. The $750 million cash deal includes 16 U.S. plants. IP disclosed the transaction on Thursday morning. It had planned to sell the business since the $4.5 billion February purchase of Texas-based Temple-Inland Inc. John Faraci, IP chairman and chief executive officer, released a statement saying building products was not central to the company's business strategy. Memphis Commercial Appeal
Submitted 1 years 291 days ago

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In Fort Smith, Ark., Whirlpool Ad About Jobs 'Here at Home' Stings
Whirlpool Corp., which closed its factory in Fort Smith earlier this year leaving 800 jobless, is touting itself a champion of domestic manufacturing in an ad in the Tulsa World newspaper, much to the chagrin of nearby Arkansans. According to The City Wire in Fort Smith, the full-page in the Oklahoma newspaper touts the company's commitment to creating U.S. jobs with the tagline, "Building the best in the world right here at home." Across the border in Fort Smith and elsewhere in Arkansas, that ad isn't sitting well: Arkansas Business
Submitted 1 years 291 days ago

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Feds eye Southeastern N.C. for offshore wind energy
The U.S. Department of the Interior is moving ahead to designate three sites off of the N.C. coast for possible development of offshore wind energy, including two sites off the Cape Fear region, state and federal officials said Wednesday. The federal Bureau of Ocean Energy Management has identified three potential areas for commercial offshore wind energy off the N.C. coast. Two areas are located 7 and 13 miles offshore from Wilmington. The other is about 6 miles off of Kitty Hawk in the Outer Banks. Energybiz.com
Submitted 1 years 291 days ago

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The Birth of a Louisiana Super Region
New Orleans has the Super Dome. Louisiana's got a super economy. In fact, Louisiana has led all Southern states in our annual SB&D 100 ranking each of the last five years in the value of projects announced on a per capita basis. Even more, Louisiana has led all Southern states in total value of corporate and industrial investments straight up in two of the last five years. Southern Business & Development
Submitted 1 years 291 days ago

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The dangers of economic development catch phrases such as "advanced manufacturing"
Someone hung up on me while I did an interview for this edition. That hasn't happened to me since Dave Cooley – then the President of the Memphis Chamber of Commerce – hung up on me in about 1993. I was horrified by Cooley's action because I was new at economic development journalism in 1993. After all, Cooley was a legend, and I can still hear him say things that would eventually pave the way to the practice of regionalism, such as "There's no fence around this damn thing!" In addition to being a legend, Cooley was also hard to deal with. Southern Business & Development
Submitted 1 years 291 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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