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Congress' Approval Rating Hits Rock Bottom
WASHINGTON (AP) — Americans are holding Republicans primarily responsible for the partial government shutdown as public esteem sinks for all players in the impasse, President Barack Obama among them, according to a new poll. It's a struggle with no heroes. Huffington Post
Submitted 1 years 330 days ago

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Shutdown Standoff Continues In Congress
The federal government shutdown continues as leaders are increasing pressure on each other for a compromise. President Barack Obama and House Speaker John Boehner (R-Ohio) both made statements Tuesday, reiterating their demands. Huffington Post
Submitted 1 years 330 days ago

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That's The Randle Report for Tuesday, October 8, 2013
Join us again tomorrow 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. Click on the headline to access Southern Business & Development magazine.
Submitted 1 years 331 days ago

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VW labor leader links SUV with works council
A top Volkswagen labor leader says that forming a German-style works council labor board at the Chattanooga factory is important if the plant wants to produce other VW vehicles. "We know how important that (second) vehicle is for Chattanooga," said Bernd Osterloh, according to Reuters. Osterloh, head of VW's global works council, said he plans to meet politicians along with supporters and opponents of the United Auto Workers in the next few weeks. Osterloh was slated to visit the Chattanooga plant and Tennessee Gov. Bill Haslam last week but his plane was grounded due to mechanical problems in Germany. Chattanooga Times Free Press
Submitted 1 years 331 days ago

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Mississippi GE factory sets new round of hiring
ELLISVILLE, MISS. — General Electric Co. is seeking to hire another round of workers at its Ellisville aviation composites factory. The company, which currently has 50 employees there, is hiring batches of 10 to 15 workers every few months with plans to eventually employ 250. Spokeswoman Kelly Walsh said Monday that more than 700 people applied the last time for a job at the plant. Applications will be accepted beginning at 8 a.m. Tuesday. People can apply online, or in person at a state WIN Job Center. Clarion-Ledger
Submitted 1 years 331 days ago

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BP, federal government fighting over leak totals in Gulf oil spill trial in New Orleans
The U.S. Justice Department on Monday launched its case for a higher estimate of how much oil coursed out of the Macondo well in 2010, and BP lawyers began working to pick apart the federal government's experts and their theories on the epic Gulf of Mexico oil spill, all with potentially billions of dollars in fine money at stake, in the latest round of the BP trial in federal court in New Orleans. Times-Picayune
Submitted 1 years 331 days ago

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Shipyards operating as Gulf Coast Shipyard Group
Shipyards in New Orleans and Gulfport, Miss., are being branded under the name Gulf Coast Shipyard Group Inc. Gulf Coast Shipyard Group manufactures offshore supply vessels, tank barges, military patrol vessels, tugs and superyachts from the two facilities. Trinity Yachts, a major builder of custom superyachts, will continue as a division of Gulf Coast Shipyard Group. The Advocate
Submitted 1 years 331 days ago

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Editorial: Expanded international trade will boost Louisiana's economy
The good news on Louisiana’s economic front could be getting even better in 2014. The state has received a $1 million federal grant to increase international commerce. Baton Rouge and the New Orleans-Kenner-Metairie metropolitan area are already in the top 50 among U.S. exporters, and the current effort to increase international trade, which includes development of a strategic master plan, could bump that standing up even further. And it doesn’t end with exports. The idea includes attracting foreign companies to invest in Louisiana. That could mean a boost to local economies, as well as to the state economy as a whole. The Advertiser
Submitted 1 years 331 days ago

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Auto workers union targets Nissan plant in Mississippi, gets campaign boost at Volkswagen in Tennessee
The United Auto Workers union is taking a different approach to try to organize a union at the Nissan plant in Canton, Miss., The New York Times reports. It is using thousands of union members in Brazil to picket Nissan dealers, and it is sending a team of Mississippi ministers and workers to South Africa, where Nissan has an assembly plant. That trip is aimed at embarrassing the Japanese automaker with claims that it violates workers' rights in Mississippi, the report says. AL.com
Submitted 1 years 331 days ago

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Columbia-area Powerball winner pays $71 million in taxes
COLUMBIA — The Columbia-area winner of the fifth-largest ever U.S. lottery jackpot has paid nearly $71 million in state and federal taxes, S.C. lottery officials said Tuesday.The $399.4 million Powerball ticket sold at a Lexington convenience store at U.S. 1 and I-20 last month lured national media. The winner chose to remain anonymous. The winner paid $15.8 million in state taxes last week, lottery director Paula Harper Bethea told the Education Lottery Oversight Committee on Tuesday. The lottery sent $55 million in taxes to the federal government, which has been partially shutdown after a congressional standoff. The State
Submitted 1 years 331 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 Mike Randle
The belief that "80 percent of all new jobs come from existing business and industry" is an out-of-date, old-fashioned fabrication. I have no idea how it started, where it started, or who said it first, but there are professionals in economic development as well as leaders of government in the South who actually believe that each year, 80 percent (why 80 percent I don't know, either) of all new jobs are created by existing business and industry. I hear it all the time and I just roll my eyes. There is nothing static in economic development but this: 100 percent of all lost jobs come from existing business and industry. That, and of course 100 percent of the time site consultants never pay for a meal.
 

 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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