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The Taco That Built 15,000 Jobs
It may take a village to raise a child. But all it takes to raise employment is a taco. That seems to be the situation at Taco Bell, anyway, which added 15,000 employees last year, company chief executive Greg Creed told the Daily Beast, largely on one new product. Creed attributes the success to Doritos Locos Tacos, which the company rolled out in March, 2012 and was the “biggest launch in Taco Bell history,” he told the Beast. Throughout 2012, the 170-calorie taco, whose shell is made from a nacho cheese Doritos in a collaboration with Frito-Lay, 375 million were gobbled up, which averages out to about one million per day. ABC News
Submitted 2 years 18 days ago

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Missouri Could Squash Economic Development From Renewable Energy In The State
In 2008, Missourians voted by a 2-to-1 margin via statewide ballot initiative to pass a Renewable Energy Standard (RES), requiring the state’s largest utilities to increase their use of renewable energy. cleantechnica.com
Submitted 2 years 18 days ago

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Court throws out 'John B.' agreement, affecting care for 750,000 children under TennCare
A 15-year-old legal agreement that mandated regular medical and dental care for the state’s poor children was thrown out today by a federal appeals court. The court found that the state is now meeting federal requirements, effectively terminating a longstanding agreement mandating compliance. Under that agreement, TennCare was providing checkups and treatment for 750,000 children, or more than a third of all children in the state. The Tennessean
Submitted 2 years 18 days ago

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Obama: Keystone XL pipeline wouldn’t be a major job creator
WASHINGTON (AP) — Jobs numbers and other benefits touted by supporters of the Keystone XL oil pipeline are probably exaggerated, President Barack Obama told House Republicans on Wednesday, according to lawmakers who attended the closed-door meeting. But Obama did not rule out a decision to approve the $7 billion pipeline, according to participants. Salon
Submitted 2 years 18 days ago

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GOPer at CPAC: I’ll “make” Republicans fix the Voting Rights Act
Rep. Jim Sensenbrenner, a conservative Republican, told Salon that if the Supreme Court strikes down Section 5 of the Voting Rights Act, he’ll “make” Republicans take action to fix it. “I think we should see what they did and I think we should, if possible, figure out a way to fix the Supreme Court’s objections,” Sensenbrenner, who represents Wisconsin, said at CPAC. “The Voting Rights Act has been, I think, the most effective of all of the civil rights laws. It enfranchised all minorities in the south, and that includes both African Americans and Republicans.” Salon
Submitted 2 years 18 days ago

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The Economy Sucks Because Banks Are Still Sticking It To Overextended Home Loan Borrowers
If the Dow Jones Industral Average is hitting records highs, how come the economy where most Americans live still sucks? The answer is not just that many people don't own stocks or that cash-rich businesses aren’t hiring, or other oft-cited trends such as stagnant wages or stubborn jobless rates. It’s because a giant slice of the housing market is still frozen, due to millions of underwater mortgages, and that is smothering local economies. Alternet
Submitted 2 years 18 days ago

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Carolina Panthers stadium bill clears committee
RALEIGH, N.C. — Charlotte would be able to use a set of local tourism taxes to pay for improvements to the Carolina Panther's privately-owned NFL stadium under a bill approved by the House Government Committee Thursday. wral.com
Submitted 2 years 18 days ago

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North American Lighting Alabama expansion to add 275 jobs
FLORENCE — North American Lighting is planning a $36 million expansion that will bring in 275 more jobs and take the total employment at the Muscle Shoals plant to more than 1,000. The Shoals Economic Development Authority agreed today to recommend dedicating $260,000 from the Shoals Economic Development Fund toward the project. The Shoals Industrial Development Committee meets Thursday to vote on approval of those funds. Times Daily
Submitted 2 years 18 days ago

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Hotel group endorses Miami Dolphins’ stadium renovation plan
Miami-Dade’s top hotel group endorsed raising hotel taxes to help fund a roughly $400 million renovation of Sun Life Stadium, provided some of the new revenue goes to a tourism advertising campaign for the county. The vote by the Greater Miami and the Beaches Hotel Association gives the Miami Dolphins a key endorsement as the team prepares for a referendum needed to enact the financing plan. Miami Herald
Submitted 2 years 18 days ago

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House of Raeford to phase out NC turkey operations, 950 jobs
ROSE HILL, N.C. — House of Raeford Farms announced Thursday it will close its Rose Hill turkey hatchery, Raeford turkey slaughter plant and turkey growing operations in eastern North Carolina over the next four to six months. wral.com
Submitted 2 years 18 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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