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Gov. Rick Scott invisible in GOP primary campaigns
TALLAHASSEE — Someone is conspicuously absent from the campaign brochures produced by Republican candidates in Florida this summer: Gov. Rick Scott. Hobbled by weak poll numbers, awkward on the stump and still somewhat estranged from the party establishment that shunned him in 2010, Scott is invisible on the campaign trail across Florida. He also has steadfastly avoided taking sides in party primaries to a greater extent than either of his two predecessors, Charlie Crist and Jeb Bush. Tampa Bay Tribune
Submitted 2 years 0 days ago

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Recession, required spending has Kentucky budget in pickle
FRANKFORT, KY. — Kentucky’s budget — once a barometer of the governor’s and legislators’ priorities — has become something far different in the past five years. A devastating national recession caused state tax revenues to plunge far below expectations. And required spending to address a severely underfunded state pension system, Medicaid and state debt has pinched off new dollars for traditional priorities like education. A Courier-Journal comparison of budget appropriations made by the 2006 General Assembly for the 2007-08 fiscal year — before the recession hit — with appropriations made for 2013-14 shows spending for the Teachers’ Retirement System is up 63.5 percent; Medicaid is up 42 percent to nearly $1.5 billion per year; and debt payments on state bonds are up 33 percent. The Courier-Journal
Submitted 2 years 0 days ago

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Ron Paul's fruitless effort to end the Fed
Ron Paul ran for president three times, served nearly a quarter-century in Congress, spawned a national movement and saw his son elected to the Senate. But in his singular objective — to “End the Fed,” as the title of his book put it — the libertarian obstetrician from Texas failed. He didn’t even make a dent in it. In a valedictory Wednesday before Federal Reserve Chairman Ben Bernanke and his colleagues on the House Financial Services Committee, Paul raised the white flag. The Courier-Journal
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Study: Voter ID law would hit Mississippi hard
Mississippians could make up 10 percent of all Americans impeded from voting by new voter identification laws. The Brennan Center for Justice estimates that 48,000 low-income Mississippians could have trouble obtaining a government-issued photo identification in order to vote, the Northeast Mississippi Daily Journal reports. Overall, the center estimates that 500,000 people across 10 states could face challenges from "restrictive" voter ID laws. Clarion Ledger
Submitted 2 years 0 days ago

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Tennessee GOP's big tent sees some fraying
NASHVILLE — At the Tennessee Republican Party's annual fundraiser over the weekend, the overarching theme was unity for a newly dominant party that towers over the state political scene. "Republicans are united," state GOP Chairman Chris Devaney, of Chattanooga, told 1,000 or so party stalwarts gathered in a Nashville hotel ballroom Saturday night for the Statesmen's Dinner. "We're united in this room; we're united statewide." Chattanooga Times Free Press
Submitted 2 years 0 days ago

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Cuccinelli touts way of fighting health law
Ken Cuccinelli, the first state attorney general in the nation to sue over the federal health care law, has hit upon a new strategy that is much easier than going to court: do nothing. Virginia and other states can shield businesses from hefty fines for not providing adequate health insurance for employees, he contends, simply by refusing to set up their own state-based insurance exchanges. Cuccinelli bases that legal theory on a quirk in the law, one variously attributed to sloppy drafting, political miscalculation or both: It includes a provision to impose those fines under state-based exchanges, but not under a federal one. Richmond Times-Dispatch
Submitted 2 years 0 days ago

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Will fragile U.S. economy shatter?
After a big spring, Zach Atya thought the Solstice Sunglass Boutique would have a boffo summer. Instead, July sales at the McLean, Va., store are 7 percent short of its target, even with promotions. “People are shopping around and comparing prices,” said Atya, the store’s assistant manager. They’re “uncomfortable with spending money now.” When the job market began to crack in April, most economists said they weren’t worried about the recovery. They’re worried now. As the recovery slows, optimism is giving way to caution, with undercurrents of something darker. Economic forecasts are coming down all over Wall Street: Goldman Sachs and Deutsche Bank both cut forecasts of second-quarter growth to just over 1 percen. Companies from chipmaker Intel to Morgan Stanley have missed or lowered earnings forecasts — 99 companies in the Standard & Poor’s 500 lowered second-quarter projections. In June, 22 of 30 U.S. economic data reports also missed forecasts, Merrill Lynch said. The Tennessean
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TN universities lag in turning innovations into jobs


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'Grow, baby, grow' no longer working as an economic plan
TALLAHASSEE — When you look at the jobs strategies Florida has historically leaned on, they're focused on one overriding mantra: Call it 'Grow, baby, grow.' Policymakers insist that if businesses are freed from costly environmental and safety regulations, developers are untethered from state-mandated comprehensive planning and citizens are unburdened of already comparatively low tax burdens, the state can recapture the glory days of its adolescent-growth phase. Orlando Sentinel
Submitted 2 years 0 days ago

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RESTORE Act 'monumental' to coastal economies
The first checks remain a long way off, and much is uncertain, but federal and Florida legislation committing billions in fines from Deepwater Horizon operator BP will mean unprecedented cash windfalls for eight Florida counties, Wakulla and Franklin among them. As much as $20 billion in fines for the 2010 rig explosion and oil spill offers the chance to change the nature of Florida’s northern Gulf coast after the fisheries, resorts and people were threatened by more than 200 million gallons of spilled oil. Tallahassee.com
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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

In growth, companies find themselves in the dilemma of identifying capital to increase capacity and managing opportunity cost where capital may be deferred. This dilemma is amplified as capacity constraints drive a company to complete the site selection process for an expanding or new facility. 
 

 Randle Report - Business News in the South

 FEATURE  
By Dr. Glen Fenter
Desperation sometimes masks itself in acceptance. Such was the case for Takelia Carter of Marion, Ark. For Carter, the mother of six school-age children in a low paying job, desperation was normative existence. This was her life in Crittenden County, Ark., deep in the Delta where unfortunately one in four families lives well below the poverty level.
 

 Business News in the South - Randle Report

FEATURE     
By Mike Randle
There are numerous factors driving the new industrial revolution in the South. And it is a revolution, as this manufacturing surge that began in 2007 continues to break records year after year in the total number of large, capital intensive projects. One factor, of course, is that reshoring of facilities back to the U.S. continues to grow each year.
 
 Nashville Mayour Karl Dean

We try to change up the categories in our annual Ten Top 10s section, but we always include the "Ten People Who Made a Difference" category. This year though, we are honoring 12 and you will learn why by reading about this group of folks who have made a difference in the South. Here is our annual list that includes executives, economic developers and politicians who have made a difference in the South's economy.


 


 

 

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