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Stop being so stupid, voters tweet to Congress
WASHINGTON — The roiling debate over the U.S. government shutdown is extending to Twitter, Facebook and Instagram as fed-up Americans turn to social media to register their disgust with federal lawmakers for shutting down the government. Those posting pulled no punches, calling members of Congress "immature," "stupid" and "idiots" who need to "grow up." There were a few attaboys, too, by self-described red-state conservatives who cheered on the Republican leadership's unwavering stance against President Barack Obama's health care plan, even if it meant suddenly pulling the paychecks of some 800,000 federal workers and threatening popular federal programs. The State
Submitted 1 years 333 days ago

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Development Corp. plans business park in Karns TN
The Development Corporation of Knox County hopes its plan to build a business park in Karns will turn out better than the ill-fated plan for a business park in Midway. Knoxville News Sentinel
Submitted 1 years 333 days ago

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W.Va. Gov Tomblin heading to Europe on trade trip
CHARLESTON, W.Va. -- An upcoming 13-day trade mission to Europe will be an opportunity to thank the more than 80 companies with investments in West Virginia, as well as a chance to recruit new business interests, Gov. Earl Ray Tomblin said Tuesday. Charleston Gazette
Submitted 1 years 333 days ago

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U.S. judge OKs natural gas class actions in Va. suits
A federal judge has certified a handful of class-action lawsuits accusing two energy companies of cheating Southwest Virginia residents out of tens of millions of dollars in royalty payments for natural gas drilled on their land. Richmond Times-Dispatch
Submitted 1 years 333 days ago

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Government shutdown could delay Boeing plane deliveries
An extended government shutdown could delay delivery of Boeing Co.’s newest aircraft. San Antonio Business Journal
Submitted 1 years 333 days ago

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Government shutdown may hit Mississippi harder than most
As the government shutdown continues, Mississippi may be hurt more than most states. According to the Mississippi Business Journal, federal workers made up more than 18 percent of Mississippi’s GDP in 2012 and the state has the fourth highest percentage of federal workers as a portion of the total workforce at more than 22 percent. Memphis Business Journal
Submitted 1 years 333 days ago

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Americans by 72% Oppose Shutdown Tied to Health Care Cuts
In a rejection of congressional Republicans’ strategy, Americans overwhelmingly oppose undermining President Barack Obama’s health-care law by shutting down the federal government or resisting an increase in the nation’s debt limit, according to a poll released today. Bloomberg
Submitted 1 years 333 days ago

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Healthcare.gov has problems on first day
October 1 was the first day of the new nationwide marketplace for healthcare insurance. war.com
Submitted 1 years 333 days ago

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Kentucky health exchange is back online, seeing robust demand
Kentucky's health exchange, called kynect, proved popular on its launch day as nearly 2,000 people started applications despite technical glitches. Business First
Submitted 1 years 333 days ago

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Surprise Factory Gain Lifts U.S. as Shutdown Starts: Economy
Manufacturing unexpectedly picked up in September, showing American factories were a source of strength for the world’s largest economy before the federal government shut down. sfgate.com
Submitted 1 years 333 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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