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It’s Not the Economy, Stupid
Those of us who do economics for a living turn to it to answer all the big social questions. To explain the rise of Donald Trump and Bernie Sanders, we reflexively blame stagnant incomes that have left voters angry and frustrated. Lately, though, I’ve come to question this approach. A recent Pew survey found 46% of Americans think life is worse today than in the 1960s; only 34% think it’s better. Of course, standards of living are higher today and life spans are longer. Wall Street Journal
Submitted 16 hours ago

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Jobs Data Could Be Bad News for Democrats
The weakness in the national jobs’ report for April, released earlier this month, was also evident in a follow-on report last week on job conditions in the states. On the national level, for example, the unemployment rate did not budge last month from 5 percent, while in the states, there was a deceleration in what had been a more or less steady drop in jobless rates. Those findings suggest that a continuing steady decline in unemployment may not be possible under prevailing economic conditions. New York Times
Submitted 16 hours ago

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How does America 'reshore' skills that have disappeared?
When I talked on the phone recently with Harry Moser about all the hysterical arguments this year's presidential candidates are having about immigration, I could almost see the mischievous twinkle in his eye. Moser is the founder of the Reshoring Initiative, a Chicago-based organization dedicated to bringing manufacturing back to America. And in his view, the solution to the immigration problem is pretty simple. The Week
Submitted 16 hours ago

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The Only 3 States (1 Southern) Where Retirees Actually Have Enough Money
The general rule of thumb is that when you retire, you need to replace at least 70 percent of the income you had when you were working. But in a Bankrate.com report released Monday only seniors in three states are meeting that threshold. The real kick in the pants is which states — Hawaii, Alaska and South Carolina, of all places! Huffington Post
Submitted 16 hours ago

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Reshoring has Become an Economic Development Strategy
As a result of my writing and speaking about returning manufacturing to America through reshoring, I recently received information from the International Economic Development Council (IEDC) inviting me to educate my audience on the findings of their research and the tools and resources available when manufacturers are considering reshoring. Industryweek.com
Submitted 16 hours ago

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Five Graphics To Cheer Up The U.S. Natural Gas And LNG Industry
Burdened by sunken prices, global oversupply, more regulations, and more relentless attack, the U.S. oil and gas industry could use a cheer up. While there are threats, the emerging U.S. LNG export business has a bright future. Let’s just look at the latest global gas demand projection we have, EIA’s International Energy Outlook 2016 just released May 11. Forbes
Submitted 16 hours ago

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It’s Now Harder to Vote in Virginia Because the Supreme Court Gutted the Voting Rights Act
Josephine Okiakpe, a 69-year-old African-American woman, grew up in a small town in North Carolina in the Jim Crow South. She attended segregated schools, where black students received textbooks only after white students were done with them. The Nation
Submitted 16 hours ago

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The Boomer economy
A lot has been written about Baby Boomers, who are doing a lot more to boost the economy than they are given credit for – a lot more – says author Lori Bitter. Bitter, author of “The Grandparent Economy: How Baby Boomers are Bridging the Generation Gap,” says Boomers are not only taking in their parents, but sometimes several generations of family members who have not recovered from the Great Recession. The problem, she says, is that they are doing it all at great peril to their own retirement. Washington Post
Submitted 17 hours ago

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Retail Earnings Say Less and Less About U.S. Economy
As store after store reported falling sales this month, a gloom hung over the outlook for consumer spending, feeding into negativity about U.S. economic growth. Then, those worries were quickly put to rest as Commerce Department data showed a jump in April retail sales. Why the disconnect? Recent consumer data is underscoring just how much buying habits have changed, adding to the argument that department stores no longer serve as the bellwether for consumer spending they once did. Wall Street Journal
Submitted 17 hours ago

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The Democrats Just Don’t Understand the Sharing Economy: New at Reason
Add Massachusetts Senator Elizabeth Warren to the growing number of Democrats who have declared war on the sharing economy—specifically, ridesharing. At a‎ speech at the New America Foundation's annual conference on May 19, Warren argued, "For many, the gig economy is simply the next step in a losing effort to build some economic security in a world where all the benefits are floating to the top 10 percent." Reason.com
Submitted 17 hours 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 Mike Randle
The belief that "80 percent of all new jobs come from existing business and industry" is an out-of-date, old-fashioned fabrication. I have no idea how it started, where it started, or who said it first, but there are professionals in economic development as well as leaders of government in the South who actually believe that each year, 80 percent (why 80 percent I don't know, either) of all new jobs are created by existing business and industry. I hear it all the time and I just roll my eyes. There is nothing static in economic development but this: 100 percent of all lost jobs come from existing business and industry. That, and of course 100 percent of the time site consultants never pay for a meal.
 

 Business News in the South - Randle Report

FEATURE     
According to Chinese theory, yin is a passive, negative force and yang is an active, positive force. Chinese philosophers believe that the opposing forces aren't really contradictory. Instead, they are interconnected and complimentary, interacting to create a balance in one's life. 
 
 Nashville Mayour Karl Dean
The Annie E. Casey Foundation's KIDS COUNT report was released in the summer quarter. I try to read it every time it comes out since I find it to be the best indicator of child poverty, a statistic everyone involved in economic development needs to be aware of. The Annie E. Casey Foundation is a charity that supports disadvantaged children. 
 


 

 

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