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New Orleans is among the top cities where jobs are shifting closer to downtown, Brookings study finds
Examining how the Great Recession influenced the way jobs spread across cities and surrounding areas, the Brookings Institution on Thursday ranked New Orleans second out of 100 metropolitan areas for an increase in its share of jobs located within three miles of downtown. The Washington-based research and policy group found a 1.8 percent uptick in the concentration of jobs close to the Central Business District in New Orleans from 2007 to 2010, tying Louisville, Ky., but falling short of the 2.5 percent increase in Chattanooga, Tenn. The New Orleans job centralization rose from 29.8 percent to 31.6 percent of all the jobs in a 35-mile radius. While the percentages do not necessarily mean downtowns gained jobs -- they just didn't lose as many as outlying locations -- New Orleans was one of only four metropolitan areas the study cited for achieving an absolute rise in the number of jobs at the urban core, from 129,393 in 2007 to 134,154 in 2010. Times-Picayune
Submitted 2 years 18 days ago

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Kentucky site seeks 'mega-site' certification


Submitted 2 years 18 days ago

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Kentucky Derby, Oaks security tightened
Churchill Downs on Thursday said it was tightening security for this year’s Kentucky Derby and Oaks, banning coolers, video equipment and large purses, among other items. Monday’s bombings at the Boston Marathon prompted the review, track officials said in announcing the new policies. Banned items from Churchill Downs on May 3 and 4: • Coolers (Styrofoam coolers, ice available at infield purchase points) • Cans, (any size or type), glass bottles or containers • Pop up or patron tents – no poles or stakes of any kind • Camcorders • Cameras with detachable lenses, or equipped with a lens that is 6” or longer • Tripods • Purses larger than 12’ in any dimension. Louisville Courier-Journal
Submitted 2 years 18 days ago

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Georgia’s jobless rate falls to 8.4 percent in March
Georgia’s unemployment rate fell to 8.4 percent in March from 8.6 percent in February — the lowest level since December 2008 — as employers increased hiring and laid off fewer workers, the state labor department said Thursday. “Georgia employers created 23,700 jobs last month, which is one of the best job growth numbers we’ve had in March for almost a decade,” state Labor Commissioner Mark Butler said in a statement. “The growth was in several industries, led by leisure and hospitality, and professional and business services.” Additional growth came in trade, transportation and warehousing — 4,400 jobs; construction — 2,300; and local government — 1,800. AJC.com
Submitted 2 years 18 days ago

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It’s China by a Mile in the Global Green Energy Marathon
China is getting accolades for its green energy policies that are attracting private investors. The Asian nation, in fact, is once again the global leader in terms of the amount of money it is raising from private interests. The Pew Charitable Trusts and Bloomberg New Energy Finance, which makes such evaluations each year, say that China is raising capital to the tune of $65.1 billion in 2012. That’s money that is flowing into everything from hydro-electric dams to solar technologies to wind energy plants. China, which has been criticized because because it so dependent on coal, has a goal of generating 15 percent of its power from green energy by 2020. That target will be 30 percent by 2050. It is also working to cut its energy consumption by using new conservation tools. Within 15 years, the country says that it must attract more than $200 billion. Energybiz.com
Submitted 2 years 18 days ago

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POLITICO Playback: Wicker is sent ricin


Politico
Submitted 2 years 18 days ago

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2 Good Places to Live, 1,200 Light-Years Away
Astronomers working with NASA’s Kepler planet-finding spacecraft said Thursday that they had found the most Earth-like worlds yet known in the outer cosmos, a pair of planets that appear capable of supporting life and that orbit a star 1,200 light-years from here in the constellation Lyra. New York Times
Submitted 2 years 18 days ago

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Banking Sector Is Slowly Replacing Big Oil As The Most Hated Industry In America
Once upon a time, not long ago, oil companies were so despised that they had to downplay their massive profits in order to keep the angry mobs away. The banking industry is now learning how that feels. Huffington Post
Submitted 2 years 18 days ago

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STOCKS FALL AGAIN: Here's What You Need To Know
The stock market sell-off ist starting to sting. First the scoreboard: Dow: 14,537, -81.4 pts, -0.5% S&P 500: 1,541, -10.4 pts, -0.6% NASDAQ: 3,166, -38.3 pts, -1.2% And now the top stories: Business Insider
Submitted 2 years 18 days ago

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Texas Town Looks Devastated By Explosion In The Light Of Day
The Texas town of West was hit by a massive explosion at a fertilizer plant last night. Initial estimates were that between 5 and 15 people were killed by the blast, and more than a hundred injured. Photos and video from last night showed the scale of the explosion and the fire that caused it. Now, in the cold light of day, we can see the devastation wrought on the small town of less than 3,000. Business Insdier
Submitted 2 years 18 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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