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Wholesale Sales Plunge Most Since March 2009
U.S. wholesale inventories rose in March, fueled by increased stocks of cars and machinery which have provided support for economic growth early in the year, but wholesale sales posted the biggest fall in four years. CNBC
Submitted 2 years 15 days ago

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Immigration bill backers thwart conservative amendments
A landmark bill backed by U.S. President Barack Obama to overhaul the nation's immigration system survived unscathed on Thursday during the first day of consideration by a divided Senate Judiciary Committee. Reuters
Submitted 2 years 15 days ago

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Emerson Process Management Undertakes A $9.5 Million Expansion At Its Houston, Texas, Production Facility
Emerson Process Management plans a $9.5 million investment to expand one of its major facilities in Houston, Texas, creating 126 new jobs. Area Development
Submitted 2 years 15 days ago

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Enter Stage Left, Ever so Gently -- Charlie Crist
Former Gov. Charlie Crist, now the front-runner to be the Democratic challenger to Gov. Rick Scott next year, is on the move, increasing his visibility as he works to endear himself to his new party. Sunshine StateNews
Submitted 2 years 15 days ago

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Rand Paul the one-man band
When Rand Paul touches down in Iowa Friday, it will be almost exactly three years to the day after his landslide 2010 Senate primary victory – an unlikely and decisive triumph over the Republican establishment that instantly transformed Paul into a national political phenomenon. Now, as Paul weighs a 2016 presidential bid, a different kind of challenge confronts him: Can the plain-spoken former Bowling Green ophthalmologist build a campaign to back up his popular appeal? Politico
Submitted 2 years 15 days ago

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Rand Paul Cuts Own Path Bucking Republicans on Gay Rights
U.S. Senator Rand Paul opposes a national law banning same-sex couples and federal penalties for drug offenders. He’s said there could be “thousands of exceptions” to any abortion ban. And the Kentucky Republican questions the costs of federal farm subsidies. Bloomberg
Submitted 2 years 15 days ago

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Nullification: More states are pushing back against federal laws and court rulings but it's nothing new in Alabama
MONTGOMERY, Alabama – Sen. Dick Brewbaker cringed when he was asked if his opposition to so-called Common Core Standards for schools represents an example of what some have called a new wave of nullification efforts sweeping across Alabama and other states. al.com
Submitted 2 years 15 days ago

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Law would stop Tesla electric car sales in NC
To date, 80 North Carolina residents have squeezed their savings for the bragging right of owning the Tesla Model S electric car, some paying more than $100,000 for their g-force ride, but they may be among the last. A legislative proposal, backed by the N.C. Automobile Dealers Association, would make it illegal for Tesla, or any other car maker, to bypass dealerships and sell directly in the state. The proposal cuts at the heart of Tesla’s business model: selling luxury cars over the phone or Internet and then delivering them to the front door of high-net-worth customers. News Observer
Submitted 2 years 15 days ago

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High Point industrial park approved
Plans for a 510-acre industrial park in north High Point can move forward after receiving final approval from the City Council this week . Triangle Business Journal
Submitted 2 years 15 days ago

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The Biggest Creator of Low-Wage Jobs? Uncle Sam
Who employs more low-wage workers than Walmart and McDonald’s combined? You do. A new study from Demos estimates that American taxpayers fund nearly 2 million low-wage jobs that pay workers less than $24,000 a year ($12 an hour or less). These private-sector jobs are generated by federal contracts, grants, loans and other programs (see chart). billmoyers.com
Submitted 2 years 15 days ago

 

 

 

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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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