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Deadly Tornado Hits North Texas




Submitted 2 years 14 days ago

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That's The Randle Report for Wednesday, May 15, 2013
Join us again tomorrow morning for all of the American South's business, economic development and political news in real time and in one place. Use the sort buttons or the search window above to find your favorite stories from yesterday, last week, last month or last year. Also, click on the Sports tab above for all of the South's sports news in real time. Click on the headline to access Southern Business & Development magazine.
Submitted 2 years 15 days ago

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Germany's Bayer CropScience announces 'intention' to build nearly $400M plant in Mobile
MOBILE, Alabama – Bayer CropScience announced plans Wednesday to construct a global herbicide production facility in Mobile that would employ 180 people with average salaries of $75,000 by 2015. The proposed project – for which the Mobile Industrial Development Board approved nearly $32 million in tax abatements Wednesday morning – represents a conservative investment of $396 million and would be constructed on property leased from Evonik should it proceed. AL.com
Submitted 2 years 15 days ago

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Hangout Music Fest founder Zislin: 2013 edition will be full of surprises
Does the fourth annual Hangout Music Fest represent a status quo, or a continuing evolution. For anyone who wants to argue the former, a few talking points are ready at hand. The 2013 festival will use essentially the same site plan as the 2012 edition, which featured an expanded layout that eased some crowding and traffic-flow issues evident in 2011. It has the same 35,000-patron attendance cap, but failed to repeat last year’s rapid sellout of general admission tickets. AL.com
Submitted 2 years 15 days ago

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Beshear introduces website for Kentucky's health insurance exchange
FRANKFORT — After expanding the state's Medicaid program last week to about 308,000 Kentuckians, Gov. Steve Beshear launched several public education and awareness efforts Wednesday to help 332,000 more Kentuckians in need of health care coverage. Beshear said Kentucky's Health Benefit Exchange, a key part of the federal Affordable Care Act is preparing to open for business. During a Capitol news conference, the Democratic governor introduced a website, Kynect.ky.gov, to help Kentuckians learn more about the program. Beshear signed an executive order last July to create the exchange, which is an online marketplace offering health insurance plans for Kentuckians. Kentucky.com
Submitted 2 years 15 days ago

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Security, medical teams ready for Hangout Fest crowd in Gulf Shores
Those are Hangout Festival organizers’ key suggestions for the 35,000 music lovers expected to attend the 3-day beachside event later this week. With the reverberations from last month’s Boston Marathon bombing continuing to influence planning for large-scale events in the U.S., the Hangout Music Fest is no exception as security will be increased and backpacks thoroughly searched. And as security teams plan for the overall safety of concertgoers, officials heading up the emergency medical stations are looking to protect each individual’s health and well-being with an eye on avoiding heat exhaustion. AL.com
Submitted 2 years 15 days ago

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The Mystery of the Incredible Shrinking Budget Deficit


Submitted 2 years 15 days ago

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IRS Sent Same Letter to Democrats That Fed Tea Party Row
The Internal Revenue Service, under pressure after admitting it targeted anti-tax Tea Party groups for scrutiny in recent years, also had its eye on at least three Democratic-leaning organizations seeking nonprofit status. One of those groups, Emerge America, saw its tax-exempt status denied, forcing it to disclose its donors and pay some taxes. None of the Republican groups have said their applications were rejected. Bloomberg.com
Submitted 2 years 15 days ago

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New camo license plates should stand out on Texas roads
In Texas you can get just about anything with a camouflage print, be it a beer can or a pair of high heels. Now you can even have camo license plates on your vehicle if you so desire, starting today on the Texas Department of Motor Vehicles website myplates.com. Ten percent of the proceeds from these plates goes to Carry The Load, a veterans charity that benefits the families of fallen military personnel. Their stated goal is to bring meaning back to Memorial Day. Chron.com
Submitted 2 years 15 days ago

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IRS Employees Saw Concerns With Some Tea Party Groups
The Internal Revenue Service said it started using “tea party” as a shorthand in examining non-profit groups because employees had specific concerns about some groups with that name. “IRS employees had seen cases of organizations with the name Tea Party in which political activity was an issue that needed to be reviewed for compliance with legal requirements,” the agency said in a question-and-answer document sent to reporters today. “Because of the increased inventory of applications, this inappropriate criterion was used as a shortcut to centralize similar cases.” Bloomberg.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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