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Economic recovery predicted -- no matter who is in the White House
WASHINGTON -- (AP) Eventually, the economic recovery will pick up steam -- whether Barack Obama or Mitt Romney is in the White House. That's what many economic outlooks project. And the president -- and the party occupying the Oval Office -- will reap some of the benefits. But first, Obama or Romney, together with Congress, will have to pull back from the widely deplored "fiscal cliff," the politically created budget abyss facing the nation at year's end. The betting on that ranges from mild optimism to nail-biting anxiety. But most economic analysts agree that if Washington resolves that looming crisis, Americans can expect faster economic growth and lower unemployment. Times-Picayune
Submitted 2 years 19 days ago

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Alabama Commerce Chief: Temper excitement with patience as Airbus supply chain takes shape
MOBILE, Alabama -- With the ink barely dry on European planemaker Airbus' commitment to build a $600 million assembly plant in Mobile, Alabama's commerce chief said patience will prove invaluable as the project's supply chain takes shape. "It would be premature to expect (supplier contracts) because Airbus is still giving first priority to securing its integral service providers, but all early indications are that we're seeing some success. More importantly, we're beginning to learn who they're talking to, and then we're making contact with those companies ourselves," said Greg Canfield, Alabama's secretary of commerce. Mobile Press-Register
Submitted 2 years 19 days ago

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Early Returns from Florida
Jacksonville – Despite media impressions to the contrary, the polls have not yet closed here in Florida. Yes, Barack Obama is leading and, yes, Bill Nelson is leading, but indulge, if you would, the contrarian view that the election will not be decided until, oh, November 6. Among the salient developments of recent weeks are these: National Review
Submitted 2 years 19 days ago

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Artur Davis: Different Party, Different Tune on Voter ID
Former Rep. Artur Davis of Alabama switched his party affiliation from Democrat to Republican earlier this year. Once largely silent about voter-ID laws, he has become a vocal proponent of the GOP-backed measures, which require voters in many states to show photo identification at the polls. Davis talked to National Journal about the issue. Edited excerpts follow. National Journal
Submitted 2 years 19 days ago

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Jobs Data May Cool Romney's Post-Debate Momentum
A drop in the unemployment rate below the psychologically important 8 percent mark may blunt some of Mitt Romney's postdebate momentum, but it is unlikely to swing huge numbers of voters toward Obama. Surprising economists who thought that unemployment would tick higher, the jobless rate fell to 7.8 percent in September, the lowest level since January 2009 when Obama took office. “What this does for Obama is that it gives him an opportunity to ... put a bit of a brake on the shifting momentum that was garnered by Governor Romney in the debate,” said David Gordon, head of research at political risk consulting firm Eurasia Group. National Journal
Submitted 2 years 19 days ago

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Conservatives: Jobs data are phony
The release Friday of unexpectedly positive jobs numbers immediately touched off a conspiracy theory among conservatives, who suggested the data was being manipulated to benefit President Barack Obama’s reelection. “Chicago style politics is at work here,” Florida GOP Rep. Allen West wrote on his Facebook page. “Somehow by manipulation of data, we are all of a sudden below 8 percent unemployment, a month from the presidential election. This is Orwellian to say the least and representative of Saul Alinsky tactics from the book “Rules for Radicals” — a must read for all who want to know how the left strategize.” Politico
Submitted 2 years 19 days ago

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Retail jobs rebounds in much of U.S., but not in 7 states
Other parts of the country are experiencing a mild retail renaissance, but improvement is merely a dream in the Midwest. The nation added 87,000 jobs in stores and mail-order operations during the past year, rising from 14.66 million in August 2011 to 14.75 million in August 2012, according to the latest seasonally adjusted figures from the U.S. Bureau of Labor Statistics. That's the second straight annual increase since the sector bottomed out at 14.44 million jobs in August 2010. The nation has now recovered more than a quarter of the 1.07 million retail jobs that slipped away during the recession. The Business Journals
Submitted 2 years 19 days ago

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Daryl Hannah arrested in Keystone XL protest
HOUSTON — Actress Daryl Hannah of “Splash” fame was arrested in northeast Texas on Thursday, along with a 78-year-old landowner as the pair protested an oil pipeline designed to bring crude from Canada to the Gulf Coast. “They’ve arrested Daryl Hannah and a rural Texas great-grandmother,” said Paul Bassis, Hannah’s manager. Fuel Fix
Submitted 2 years 19 days ago

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America's poorest and richest cities
Want to live among the wealthy? California or the Northeast is the place for you. Look to the South to find communities at the other end of the pay scale. Median household income in the United States declined in 2011 for the second straight year, according to data released last month by the U.S. Census Bureau. The national median income was $50,054, more than 8.1% below the nation's 2007 pre-recession peak. In some of the country's largest cities, income fell by more than 10%. Median household income fell even in some of the nation's wealthiest metropolitan areas. MSN
Submitted 2 years 19 days ago

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Gov. Perdue to make economic development announcement at Deere-Hitachi
KERNERSVILLE, NC -- Gov. Bev Perdue is expected to announce today more than 300 new jobs coming to Forsyth County with the expansion of the Deere-Hitachi plant in Kernersville. The governor's office said Perdue was coming to 1000 Deere-Hitachi Road — the site of the plant — at 10:30 a.m. to make a jobs announcement. Although the governor's office did not give details about what the announcement included, a source who asked not to be identified confirmed that it involves the recently discussed expansion of Deere-Hitachi. Winston-Salem Journal
Submitted 2 years 19 days ago

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

The America South is home to almost as many residents as the Northeast and the Midwest combined, but even that statistical record is about to be broken. According to a new Census Bureau study that came out in April, 51 percent of the nation's population jump occurred in the South from 2010 to 2013.
 

 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

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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