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Emphasis on downtown Oklahoma City development takes a hit in election, council member says
A perception that elected leaders care more about downtown development than neighborhoods may have cost two veteran Oklahoma City Council members their seats. Voters on Tuesday chose James Greiner, 32, over Gary Marrs in northwest Oklahoma City's Ward 1, while John A. Pettis Jr., 30, beat Ronald “Skip” Kelly in northeast's Ward 7. The Oklahoman
Submitted 2 years 16 days ago

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Gulf spill judge troubled by Halliburton’s trial conduct
NEW ORLEANS –The federal judge overseeing the civil trial over the 2010 Gulf of Mexico oil spill said Thursday he is “troubled” by Halliburton’s “pattern” of conduct in not turning over documents, test results and other materials related to the cement that was used on the ill-fated well project. Fuel Fix
Submitted 2 years 16 days ago

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Florida Atlantic University Backs Off on Naming Its Stadium After a Prison Company
The publicity generated by Florida Atlantic University’s plan to name its stadium after a for-profit prison company, GEO Group (GEO), was not what either organization bargained for, and the deal is now off. As we noted in February, the school received a $6 million gift from GEO. And GEO got a little bit of brand burnishing. Businessweek
Submitted 2 years 16 days ago

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Inside Apple's Plans for Its Futuristic, $5 Billion Headquarters
At what turned out to be his last public appearance, Steve Jobs stood before the Cupertino City Council on June 7, 2011, to present plans for a new corporate campus for Apple (AAPL). Scarecrow thin but forceful as ever, Jobs displayed several renderings of a headquarters intended to accommodate more than 12,000 employees in a single, circular building. “It’s a little like a spaceship,” he said of the massive, four-story ring, which, at 2.8 million square feet, would be two-thirds the size of the Pentagon and set among 176 acres of trees where today there are mostly asphalt parking lots. “We have a shot,” he said, “at building the best office building in the world. I really do think that architecture students will come here to see it.” Businessweek
Submitted 2 years 16 days ago

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Instant meal producer to create 150 jobs in Saluda Co., SC
Sunny Z Foods Inc., a producer of pre-packaged instant meals, will invest $12 and generate 150 jobs in a new Saluda County plant. The plant will take over a former Milliken textile mill at 782 Columbia Highway and start production by the end of the year. Post-Courier
Submitted 2 years 16 days ago

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Bennett Hatfield: Patriot Coal wants to save 4,000 jobs
: Either the company will obtain the significant cost reductions it needs to survive, or it will face the very likely possibility of liquidation. That would result in the loss of thousands of good jobs and have a devastating economic impact for our communities and the families of our employees and retirees. Daily Mail
Submitted 2 years 16 days ago

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Out to lunch
The Randle Report is breaking for lunch and making way for a new editor shift. Click on the headline above to access Southern Business & Development's Web site for more detailed information on economic development in the South. Posts will resume at 1:30 pm CDT.
Submitted 2 years 16 days ago

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Self-loathing Republicans


Politico
Submitted 2 years 16 days ago

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Gov. Perry Announces Manufacturing Facility, 250 Jobs in Chambers Co., TX
BAYTOWN, Texas – Gov. Rick Perry announced that Borusan Mannesmann Pipe will expand its manufacturing operations to the U.S. with a steel pipe plant in Baytown, creating 250 jobs and $148 million in capital investment. The state is providing $1.6 million through the Texas Enterprise Fund (TEF) to close the deal on this project. Texas Insider Texas Insider
Submitted 2 years 16 days ago

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10 trading ideas from BofA for a challenging spring
We’re heading into a difficult trading quarter and navigating through the sea of economic uncertainty could prove to be quite the challenge. Analysts at Bank of America Merrill Lynch in a note published on Thursday call this the “show me quarter” and with equities at all-time highs and bond yields near all-time lows “something’s gotta give,” they said. Marketwatch
Submitted 2 years 16 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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