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Jeb’s wealth to riches story
Jeb Bush has raked in at least $29 million since leaving office in 2007, according to 33 years of tax returns the Republican candidate released on Tuesday as he sought to spin a narrative about his own wealth and offer a contrast to Hillary Clinton’s reputation for secrecy. While acknowledging his “good fortune,” Bush focused his written explanation of his tax returns on what he sees as a broken system in which he had to fork over much of his income over several decades to Uncle Sam. Politico
Submitted 18 hours ago

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Seven states with lowest taxes for retirees, see which are Southern
When it comes to retirement – and living on a fixed income – people need to consider how taxes will influence their lifestyle. Which states have the lowest taxes for retirees? Christian Science Monitor
Submitted 19 hours ago

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More builders and fewer traders: A growth strategy for the American economy
In a new paper, William Galston and Elaine Kamarck argue that the laws and rules that shape corporate and investor behavior today must be changed. They argue that Wall Street today is trapped in an incentive system that results in delivering quarterly profits and earnings at the expense of long-term investment. As Galston and Kamarck see it, there’s nothing wrong with paying investors handsome returns, and a vibrant stock market is something to strive for. But when the very few can move stock prices in the short term and simultaneously reap handsome rewards for themselves, not their companies, and when this cycle becomes standard operating procedure, crowding out investments that boost productivity and wage increases that boost consumption, the long-term consequences for the economy are debilitating. Brookings.edu
Submitted 19 hours ago

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70 maps that explain America
The United States of America is many things. It is the world's most powerful country, and one of the largest. It has a history of political revolution and social progress, as well as a legacy of slavery and genocide. In one sense, mapping the United States should be a simple matter of displaying borders and geography. But America is a complex nation with a long and fascinating history that could never be captured in a single frame. Here's a glance at America's past and present, in 70 maps. Vox.com
Submitted 19 hours ago

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BLUE BELL'S LISTERIA PROBLEM IS A STICKY MESS
As he pulled out of Brenham's Blue Bell factory without any ice cream in the back of his delivery truck in April, Tim Smith (not his real name) couldn't shake the feeling he was forgetting something. After almost a decade of delivering ice cream for Blue Bell, Smith had been sent out by his employer to bring it back. Drivers were fanning across 23 states to pick up quarts of lime sherbet, boxes of chocolate-covered Moo Bars and half gallons of Homemade Vanilla, part of the final voluntary recall of all Blue Bell products instituted by company officials after it was revealed that the facilities at Broken Arrow, Oklahoma; Sylacauga, Alabama; and the company headquarters in Brenham were all contaminated with listeria. Dallas Observer
Submitted 19 hours ago

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Private job creation heating up this summer: ADP
Private companies in June created positions at the fastest clip this year, indicating a thaw in the labor market as summer began. ADP reported that firms added 237,000 positions in the month, well above market expectations of 218,000. CNBC
Submitted 19 hours ago

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Supreme Court Case Could Determine Future of Public-Sector Unions
The Supreme Court on Tuesday said it would consider whether the Constitution bars states from requiring government employees to contribute to collective-bargaining costs, casting a cloud over the strength of public-sector unions. Governing.com
Submitted 19 hours ago

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Obama Announces Embassy Deal With Cuba
President Barack Obama announced Wednesday that the United States and Cuba have struck a deal to open embassies in each other's capitals and re-establish diplomatic relations between them for the first time in half a century. "The progress we make today is another demonstration we don't have to be imprisoned by the past, the president said. NBC News
Submitted 19 hours ago

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All Aboard Florida chooses train maintenance firm, creates 110 jobs
Siemens has been chosen for a second contract dealing with the $2.5 billion All Aboard Florida intercity passenger rail. Orlando Business Journal
Submitted 19 hours ago

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It's official: Lidl selects Alamance County for regional HQ, distribution hub
It's official: Lidl has selected Alamance County for a regional headquarters and distribution hub as it works toward expansion into the U.S. The German grocer will invest $125 million and create 200 new jobs. Triangle Business Journal
Submitted 19 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 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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