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Washington may be left out of 787-10 plans
PARIS — Boeing’s biggest news of the Paris Air Show is likely to be the launch of the 787-10, the third and largest model of the Dreamliner, which is expected Monday. But Washington state could be out of luck when it comes to building the jet, interviews in Paris suggested Sunday. Final assembly of the 787-10 may be exclusively in North Charleston, S.C., where two-thirds of the fuselage is also fabricated and assembled. Boeing Commercial Airplanes chief Ray Conner was surprisingly noncommittal Sunday when asked whether the plane could be built in Everett. Seattle Times
Submitted 1 years 339 days ago

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Report: Biggest 787 Dreamliner to be built exclusively in SC?
Suspicion that the largest version of the 787 Dreamliner might only be assembled in North Charleston, not in Washington, seemed to move closer to truth Sunday at the Paris Air Show. According to The Seattle Times, Boeing’s commercial airplanes chief Ray Conner was “surprisingly noncommittal” when asked whether the longer fuselage sections of the double-stretch 787-10 could be transported by Dreamlifter to Everett, Wash. like those for the 787-8 and -9. “We’re still looking at that,” Conner reportedly told a group of journalists at the biggest aerospace event of the year. “We haven’t made the determination on that yet.” Washington officials have “worried for some time” that the logistical issues unique to the 787-10 could mean it will be built exclusively in South Carolina, according to the article. Post and Courier
Submitted 1 years 339 days ago

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Outer Banks offshore wind farm plan gets blowback
Most Outer Banks visitors know a trip to the beach is sure to include one constant: wind, and lots of it. The kind that turns umbrellas into tumbleweeds and drives sand into eyes, hair, food, swimsuits. The barrier islands are seemingly always windy, as they jut naked and exposed into the Atlantic Ocean. No wonder, then, that the U.S. government has chosen a huge swath of water just off the Outer Banks as a potential home for an offshore wind farm in the near future. The site recommended by the Bureau of Ocean Energy Management would extend along some of the most popular beaches, starting around Pea Island and heading north past Nags Head, Kill Devil Hills, Kitty Hawk, Southern Shores and Duck and ending off Corolla, just below the Virginia border -- a 45-mile stretch. Energybiz.com
Submitted 1 years 339 days ago

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Feds, Arkansas sue Exxon over tar-sands spill
Mere months after the oil giant was mildly stung by a $1.7 million fine for its 2011 spill in Yellowstone River, federal and Arkansas prosecutors have filed a lawsuit against the company seeking compensation and cleanup costs related to this year’s tar-sands oil pipeline rupture in Mayflower, Ark. Grist
Submitted 1 years 339 days ago

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Is the Renewable Fuel Standard Working for America?
In 2007, Congress passed an expanded Renewable Fuel Standard, or RFS, which mandates that large quantities of biofuel– made from corn and other biomass—be blended into the fuel supply each year. Lawmakers promised that this policy of turning food and plants into fuel would be a silver bullet for America’s energy challenges—making us more energy secure and more environmentally friendly. Sound too good to be true? smarterfuelfuture.org
Submitted 1 years 339 days ago

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Farm bill faces opposition inside and outside of Oklahoma
WASHINGTON — “It's a difference between those who are wearing dress shoes and those who are wearing boots,” U.S. Rep. Markwayne Mullin said. “I'm wearing boots.” The Oklahoman
Submitted 1 years 339 days ago

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The NSA's PRISM Program Is Shockingly Uncontroversial With The American Public
President Barack Obama's approval rating is sinking like a stone in a new CNN/ORC poll — but it's not because of Americans' reactions to the National Security Agency surveillance program known as "PRISM." Business Insider
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America Falls Behind in Creating Rich Entrepreneurs
The creation myth of American wealth is almost always rooted in the entrepreneur. It's the two kids who start a computer company in their garage or dorm room. Or the former standup comic who creates form-shaping undergarments, or the South African immigrant who creates a new electric car and private space program. CNBC
Submitted 1 years 339 days ago

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Financing Health Care Transformation Across Texas
Through a transformational Medicaid waiver, Texas plans to launch 1,100 experimental projects over the next two years to change the way health care is delivered to the state’s poor and uninsured. This interactive shows the regional distribution of $3.2 billion for projects the federal government approved in May and the percent of each region that is uninsured. Underneath the map is a detailed description of the approved projects from the Health and Human Services Commission. Texas Tribune
Submitted 1 years 339 days ago

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South Carolina outpaces nation in manufacturing growth
South Carolina has one of the fastest growing economies in the U.S. and has one of the fastest growing manufacturing sectors in the region and nation, according to a recent U.S. Commerce Department report. South Carolina’s Real GDP growth rate of 2.7 percent put it above the national average of 2.5 percent and the southeastern regional average of 2.1 percent. SC Commerce
Submitted 1 years 339 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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