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Ted Nugent Is Not Amused
As reporters found their seats in the House press gallery, they shared a question: Where was Ted Nugent? The 64-year old rock star, who last cracked the charts with 1980’s “Wango Tango,” had been invited to the State of the Union as a guest of Texas Rep. Steve Stockman. Thirty-odd Democrats had invited the families of gun violence victims to sit for the speech, but they were never famous. Not even in 1980. Slate
Submitted 2 years 19 days ago

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Change Coming: Bob Corker leads way for reforms to Medicare, Social Security
A well-known legend asserts that ostriches bury their heads in sand when threatened. That same behavior is commonly practiced by Americans when confronted by the realities of a rapidly expanding national debt and the expanding costs of Social Security and Medicare. Despite claims by liberals to the contrary, no plans to reform the entitlement programs will result in throwing granny over the cliff. Younger Americans, however, should take notice: Change is necessary, and it is coming. Chattanooga Times Free Press
Submitted 2 years 19 days ago

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Medicaid option: Gov. Haslam should step to the plate on Medicaid expansion
Like many Republican governors who opposed the Affordable Care Act in the run-up to last November's election, Gov. Bill Haslam has been dithering, for mainly partisan reasons, over whether to accept significant federal aid to expand Medicaid coverage for the state's uninsured working poor. He finally should take his cue from the six Republican governors elsewhere who have decided in the past few days that it is imminently sensible financially -- and appropriately compassionate -- to expand their Medicaid programs to cover citizens whose incomes range up to 133 percent of the federal poverty. Chattanooga Times Free Press
Submitted 2 years 19 days ago

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Tab for wrongful convictions in Texas: $65 million and counting
For a state perhaps best known as the leader in executing murderers, Texas now has another distinction: It is the most generous in compensating those who were wrongly locked up. In all, the state has paid more than $65 million to 89 wrongfully convicted people since 1992, according to updated state figures. And if legislation being discussed at the Texas Capitol becomes law, that tab could soon grow. Austin Statesman
Submitted 2 years 19 days ago

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TIGGES launches new U.S. operations in Greenville County, SC
COLUMBIA, S.C. – February 12, 2013 – TIGGES USA LLC, a subsidiary of Wuppertal, Germany-based TIGGES GmbH, will establish its first North American facility at the Clemson University International Center for Automotive Research (CU-ICAR) in Greenville County. The $1.5 million investment is expected to generate at least five new jobs. SC Dept of Commerce
Submitted 2 years 19 days ago

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Kentucky Businesses to Start Paying More Unemployment Taxes
Frankfort, KY – Many Kentucky businesses will be paying higher unemployment insurance taxes in the years ahead as the state repays hundreds of millions in federal loans. The Federal Unemployment Tax Act credit decreased this year due to an outstanding balance on money loaned by the federal government to shore up Kentucky’s Unemployment Insurance Trust Fund during the recession. Business Lexington
Submitted 2 years 19 days ago

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Broward approves incentives for Apotex to hire 108, invest $108M
The Broward County Commission unanimously approved its share of a $1.37 million incentive package on Tuesday for Apotex Corp., which could create 108 jobs in a generic drug manufacturing facility in Coral Springs. The $102.9 million proposed investment would be one of the largest manufacturing projects in South Florida. If the company obtains state approval and then decides to move forward, it would renovate a 250,000-square-foot warehouse at 4250 Coral Ridge Drive that has been vacant for three years. South Florida Business Journal
Submitted 2 years 19 days ago

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Surprise: First Budget Surplus Since 2008
The budget posted a surprise surplus in January for the first time in five years, as the Treasury likely benefited from a windfall when payroll tax cuts expired. The budget registered a $3 billion surplus, the first time there had been a surplus in January since 2008, Treasury Department data showed on Tuesday. Economists had been looking for a $2 billion gap. The surplus compared with a $27 billion deficit in January 2012. The Fiscal Times
Submitted 2 years 19 days ago

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17 Ways to Stop Robots from Taking Your Job
For more than 200 years, the Luddites have been wrong. Technological advances have created a far wealthier West and millions of new jobs. As machines became more capable, so did humans, moving up the value ladder. But must it always be so, specifically the impact of automation on employment? “There is no economic law that says that everyone, or even most people, automatically benefit from technological progress,” write MIT’s Erik Brynjolfsson and Andrew McAfee write in Race Against The Machine: How the Digital Revolution is Accelerating Innovation, Driving Productivity, and Irreversibly Transforming Employment and the Economy. The Fiscal Times
Submitted 2 years 19 days ago

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Obama Asks Congress to Raise Minimum Wage to $9
President Obama's call last night to raise the minimum wage to $9 an hour and tie future increases to the cost of living was one of the few real surprises in his State of the Union address -- and one certain to rekindle a long standing controversy over the impact of higher minimum wages on the economy and business. The Fiscal Times
Submitted 2 years 19 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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