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In the End, Obama Won on the Economy
In the end, President Barack Obama won re-election on the issue that was supposed to send him packing: the sluggish U.S. economy. The United States is still digging out from the deepest recession in 80 years, and employers are barely adding enough jobs to keep pace with population growth. Trillions of dollars of household wealth have vanished in the housing bubble, while the gap between rich and poor widens. CNBC
Submitted 1 years 349 days ago

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Obama May Levy Carbon Tax to Cut U.S. Deficit, HSBC Says
Barack Obama may consider introducing a tax on carbon emissions to help cut the U.S. budget deficit after winning a second term as president, according to HSBC Holdings Plc. A tax starting at $20 a metric ton of carbon dioxide equivalent and rising at about 6 percent a year could raise $154 billion by 2021, Nick Robins, an analyst at the bank in London, said today in an e-mailed research note, citing Congressional Research Service estimates. “Applied to the Congressional Budget Office’s 2012 baseline, this would halve the fiscal deficit by 2022,” Robins said. Bloomberg
Submitted 1 years 349 days ago

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Obama's To-Do List: What He Plans for a Second Term
Any euphoria President Barack Obama and his supporters feel after his re-election is likely erased by the thought of getting a second term agenda passed through a still divided Congress. Republican Rep. Joe Wilson of South Carolina, infamously known for shouting "You lie!" at Obama during a speech to Congress, said Tuesday night: “The consequence of that (GOP control of the House) is our voters really anticipate and count on us holding firm.” That kind of reaction has analysts saying that expecting a "come together" moment in Washington is highly unlikely. "Republicans in the House of Representatives will resist many if not most of the president's policy proposals and directions," said Richard Ebeling, professor of economics at Northwood University. CNBC
Submitted 1 years 349 days ago

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The economy Obama faces: Slow but gaining steadily
WASHINGTON — Some reward. Here's the assignment President Barack Obama has won with his re-election: Improve an economy burdened by high unemployment, stagnant pay, a European financial crisis, slowing global growth and U.S. companies still too anxious to expand much.And, oh yes, an economy that risks sinking into another recession if Congress can't reach a budget deal to avert tax increases and deep spending cuts starting in January.Yet the outlook isn't all grim. Signs suggest that the next four years will coincide with a vastly healthier economy than the previous four, which overlapped the Great Recession. Associated Press
Submitted 1 years 349 days ago

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Ole Miss chancellor denounces campus protests sparked by Obama re-election
University of Mississippi Chancellor Dan Jones says he is disappointed in the “immature and uncivil approach” taken by some students following Tuesday night’s election results, which resulted in hours of on-campus protesting that has now become a national news story. A statement released by the university Wednesday says some students notified university police that people were gathering near the student union to protest President Barack Obama’s reelection. Officers arrived to find about 30-40 students in front of the union, which quickly grew to more 400 students within 20 minutes. Clarion-Ledger
Submitted 1 years 349 days ago

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Energy and environment leaders respond to Obama’s reelection
President Barack Obama’s reelection drew enthusiastic applause from environmental activists, muted congratulations from the oil industry and plenty of advice for the future from both camps. Environmentalists widely hailed Obama’s second-term win as a victory for policies to advance renewable power, curb domestic energy use and cut pollution. But, they challenged Obama to stick to those policies during a second term and insisted more needs to be done to combat climate change. Houston Chronicle
Submitted 1 years 349 days ago

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Judge must decide who can withdraw from spill deal
Thousands of Gulf Coast residents claiming economic or health damages from the 2010 oil spill have told a New Orleans federal judge they don’t want to participate in a class action settlement, and now he has to decide which ones he’ll allow to opt out. Plaintiffs’ lawyers say several thousand of their clients applied to opt out ahead of a deadline last Thursday. But the attorneys and other legal experts say it’s not clear how many of those claimants might have been ineligible under the settlement anyway, and therefore chose to keep open the option of pursuing other legal remedies. Claimants who do not opt out must proceed under the settlement’s terms. Houston Chronicle
Submitted 1 years 349 days ago

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Alabama immigration law won't likely be revised again, Bentley says
HUNTSVILLE, Alabama -- Alabama's controversial immigration law probably won't be amended beyond the revisions made during the 2012 legislative session, Gov. Robert Bentley said Tuesday afternoon. Bentley was the luncheon speaker at the Huntsville Rotary Club as part of a tour promoting Amendment 2 on the Alabama ballot. The constitutional amendment would allow the state to refinance bonds and use the extra funds to recruit businesses through incentives packages. Although he didn't like certain parts of the original law -- such as requiring public school officials to check the immigration status of students -- Bentley said he thinks the current version is "adequate." The parts still being battled in the courts deal with "clutter" and are "peripheral" issues, he said. al.com
Submitted 1 years 349 days ago

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Alabama needs greater ingenuity
Alabama’s economy was one of a handful that actually shrunk in 2011. As such, job growth, outside of a few major headlines, has been sluggish. What can we do to jump start our economy, and ensure we don’t get burned this badly the next time around? Simply put, we must do a better job emphasizing entrepreneurship and innovation. Here are some sobering statistics: • From 1977-2011, the U.S. Patent and Trademark Office (USPTO) awarded 2,433,535 patents to all Americans and American businesses. • During that time, it awarded 11,849 patents to Alabamians and Alabama based employers. As a result, 0.48 percent of all patents awarded to Americans were awarded to Alabamians. Montgomery Advertiser
Submitted 1 years 349 days ago

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Please lower our debt
Dear first lady Michelle Obama: After the second presidential debate, you said, “We and our daughters have the right to make decisions about our own bodies.” Obviously, President Obama listens to you because he’s pro-choice, so please tell him, “We and our sons and daughters have the right to make decisions about our own money.” Please lower our taxes and our national debt. Anniston Star
Submitted 1 years 349 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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