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NC regulators keep Duke Energy’s 2012 rate hike in place
N.C. regulators have denied state Attorney General Roy Cooper’s motion to roll back or reduce the 7.2% Duke Energy Carolinas' rate hike they approved last year. At least for now. Dallas Business Journal
Submitted 1 years 342 days ago

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Santee Cooper extends power deal with largest South Carolina customer
Santee Cooper will provide power to its biggest customer through at least 2058 under a deal signed today. The contract is between the state-owned public utility and Columbia-based Central Electric Power Cooperative, which sells electricity to 20 independent South Carolina co-ops. Post-Courier
Submitted 1 years 342 days ago

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South Texas Project and other plants contribute to boost in nuclear output
U.S. nuclear-power output increased to its highest level in 10 weeks as the South Texas Nuclear Project and other plants returned to production after maintenance closures, according to a Bloomberg analysis of Nuclear Regulatory Commission data. San Antonio Business Journal
Submitted 1 years 342 days ago

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AT&T looks to fill 120 jobs in South Carolina, 30 in Charleston region
Telecommunciations giant AT&T today announced that it is currently looking to fill more than 120 openings in South Carolina, including more than 70 new jobs. Post-Courier
Submitted 1 years 342 days ago

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Construction employment in Texas rose 7 percent in April
The job numbers continue to climb among Texas’ construction firms. Between April 2012 and April 2013, Texas-based contractors added a total of 41,500 employees to their payrolls, according to the latest report by Arlington, Va.-based Associated General Contractors of America (AGC). San Antonio Business Journal
Submitted 1 years 342 days ago

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NC Senate proposes defunding Rural Economic Development Center
In their quest to dismantle commissions and organizations created by Democrats in past years, N.C. Senate Republicans are taking aim at the granddaddy of them all: the state’s Rural Economic Development Center. The proposed Senate budget defunds the Rural Center, which received about $16.6 million in the state budget last year. It also creates a new division with the Department of Commerce to oversee rural economic development. News Observer
Submitted 1 years 342 days ago

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Outrage over 2010 BP spill charge dismissal
A member of Congress who led an investigation into the BP oil spill in 2010 expressed outrage that a judge threw out a charge against a former BP executive. U.S. District Judge Kurt Engelhardt from the Eastern District of Louisiana dismissed a charge of obstructing a congressional investigation into the Deepwater Horizon oil spill, ruling the indictment was flawed. UPI
Submitted 1 years 342 days ago

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Judge tosses obstruction charge against former BP exec in spill case
A federal judge Monday threw out an obstruction of Congress charge against a former BP executive who had been accused of lying about the amount of oil that was flowing after the 2010 Gulf of Mexico oil spill. Fuel Fix
Submitted 1 years 342 days ago

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Have the Airlines Gone Nuts? More New Fees
Lots of festive events coming up in July, including one for travelers. There's the Fourth of July of course, along with Canada Day, Bastille Day and lesser-known celebrations like National Ice Cream Day (July 21) and National Nude Day (no, I never heard of it either but it's on July 14). ABC News
Submitted 1 years 342 days ago

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United Joins in Grounded Dreamliners’ Return to the Skies
After being grounded by battery problems since mid-January, Boeing’s 787 Dreamliner returned to service in the United States on Monday with a nearly full flight of passengers from Houston to Chicago. New York Times
Submitted 1 years 342 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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