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Banking Sector Is Slowly Replacing Big Oil As The Most Hated Industry In America
Once upon a time, not long ago, oil companies were so despised that they had to downplay their massive profits in order to keep the angry mobs away. The banking industry is now learning how that feels. Huffington Post
Submitted 1 years 347 days ago

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STOCKS FALL AGAIN: Here's What You Need To Know
The stock market sell-off ist starting to sting. First the scoreboard: Dow: 14,537, -81.4 pts, -0.5% S&P 500: 1,541, -10.4 pts, -0.6% NASDAQ: 3,166, -38.3 pts, -1.2% And now the top stories: Business Insider
Submitted 1 years 347 days ago

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Texas Town Looks Devastated By Explosion In The Light Of Day
The Texas town of West was hit by a massive explosion at a fertilizer plant last night. Initial estimates were that between 5 and 15 people were killed by the blast, and more than a hundred injured. Photos and video from last night showed the scale of the explosion and the fire that caused it. Now, in the cold light of day, we can see the devastation wrought on the small town of less than 3,000. Business Insdier
Submitted 1 years 347 days ago

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Brookings: Recession slows ‘job sprawl’
Most of metro Atlanta’s businesses are outside Atlanta’s central core, following the growing trend of job sprawl in metropolitan areas throughout the country, liberal think tank Brookings Institution reported Thursday. Atlanta Business Chronicle
Submitted 1 years 347 days ago

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FAA Finalizes Sequester Plans for Airports
The FAA has warned airlines that air-traffic controller furloughs scheduled to start Sunday as part of broad federal spending cuts could cause delays affecting nearly 7,000 flights a day in and out of more than a dozen major U.S. airports. Wall Street Journal
Submitted 1 years 347 days ago

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Secondary Sources: Growth and Debt, Manufacturing Jobs, Neverending Recovery
–Debt and Growth: Arindrajit Dube, a colleague of Amherst economists who challenged an influential paper by Kenneth Rogoff and Carmen Reinhart, says that slow growth leads to debt, not the other way around. “As is evident, current period debt-to-GDP is a pretty poor predictor of future GDP growth at debt-to-GDP ratios of 30 or greater—the range where one might expect to find a tipping point dynamic. But it does a great job predicting past growth. Wall Street Journal
Submitted 1 years 347 days ago

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Texas Death Toll May Be Worst Industry Disaster Since ‘10
An explosion at a Texas fertilizer plant killed as many as 15 people, injured 160, flattened houses and devastated the center of the town of West in the worst U.S. industrial disaster in three years. Bloomberg
Submitted 1 years 347 days ago

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Austerity, Deregulation and the Texas Fertilizer Plant Explosion
Last evening, a fertilizer plant owned by Adair Grain Inc. in West, Texas caught fire, then exploded, killing several people and wounding at least one hundred. The blast, caught on video from afar, destroyed nearby homes, businesses and a nursing home for seniors. There are still lingering questions about how this happened, but documents suggest the plant faced little regulatory scrutiny. The Dallas Morning News reported that the plant filed papers with state and federal environmental regulators in 2006 claiming that there were “no” fire or explosive risks at the plant. "The worst possible scenario, the report said, would be a ten-minute release of ammonia gas that would kill or injure no one," noted reporter Randy Lee Loftis. Residents complained about the smell of ammonia as they "went to bed" that year, according to a filing. The Nation
Submitted 1 years 347 days ago

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Alupress AG establishing new facility in Laurens Co., SC
COLUMBIA, S.C. –– Alupress AG, an aluminum casting company based in Italy, today announced that it will establish its new production facility in Laurens County. The $19.9 million investment is expected to generate 57 new jobs. SC Commerce
Submitted 1 years 347 days ago

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Why Congress Was Too Wimpy To Pass A Gun Control Bill That Almost Everyone In America Wants
The Senate on Wednesday defeated a bipartisan compromise to expand background checks for gun purchases, marking an ignominious end of a four-month national debate over how to curb the gun violence epidemic in the United States. Business Insider
Submitted 1 years 347 days ago

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Just look around at what's happening in the aerospace industry in the American South. Aerospace is really making a move to become one of the region's top two industry sectors. It’s not there yet, but if large project counts are any indication, aerospace may soon challenge the petrochemicals sector as the second largest industry in the region. Never before has the aerospace industry been so important to the South's economy. Oh, what's the No. 1 industry sector in the South? Automotive is, of course. That industry hasn't been challenged much for 25 years in this region, or since we’ve been counting.

 

 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
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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