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The Mobility Myth. Why everyone overestimates American equality of opportunity.
When Americans express indifference about the problem of unequal incomes, it’s usually because they see the United States as a land of boundless opportunity. Sure, you’ll hear it said, our country has pretty big income disparities compared with Western Europe. And sure, those disparities have been widening in recent decades. But stark economic inequality is the price we pay for living in a dynamic economy with avenues to advancement that the class-bound Old World can only dream about. We may have less equality of economic outcomes, but we have a lot more equality of economic opportunity. The New Republic
Submitted 2 years 61 days ago

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Geithner: Tax hikes must be part of budget
Treasury Secretary Timothy Geithner told skeptical Republican senators Tuesday that it is simply not possible to right the nation's economy without raising taxes on the nation's highest earners. The Hill
Submitted 2 years 61 days ago

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America's big wealth gap: Is it good, bad, or irrelevant?
Not since the Roaring '20s has the income gap between rich and poor been as wide as it is today in America – a development that has set politicians, various advocates, and average citizens debating if and why it matters. Christian Science Monitor
Submitted 2 years 61 days ago

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Senate Dems hit back against Lieberman's postal reform bill
A majority of the Senate Democratic Conference has taken issue with a postal service reform bill approved by the Senate Homeland Security Committee chaired by Sen. Joe Lieberman (I-Conn.). The Hill
Submitted 2 years 61 days ago

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Nancy Pelosi: No deal on unemployment, no recess
Minority Leader Nancy Pelosi wants the House to stay in session next week if negotiators can’t come to an agreement on jobless benefits and the reimbursement rate for physicians who serve Medicare patients. “We continue to call upon the conferees to resolve the remaining issues – extending unemployment benefits and ensuring seniors continue to see their doctors under Medicare – by February 17,” Pelosi (D-Calif.) said in a statement Tuesday. Politico
Submitted 2 years 61 days ago

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GOP breaks up transportation bill
House Republicans are splitting up their mammoth transportation and energy bill in an effort to overcome rising GOP and conservative think tank discontent with the measure. Since the package has run into reluctant Republican lawmakers and a unified Democratic front, leaders decided to let members vote separately on the transportation, energy and pension provisions that would later be recombined into a single bill. Politico
Submitted 2 years 61 days ago

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University of South Carolina, Hubbell announce team-up
A Columbia-based manufacturer of electrical products has been tapped to work with USC on more reliable ways of delivering electricity. Hubbell Power Systems said Monday that it has joined the research center for Grid-connected Advanced Power Electronic Systems at the University of South Carolina. The State
Submitted 2 years 61 days ago

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Obama proposes spending $85 million to finish fixing KY's leaky Wolf Creek Dam
President Barack Obama's proposed budget includes $85 million to finish fixing leaks at Wolf Creek Dam, which impounds Lake Cumberland, according to a news release from the U.S. Army Corps of Engineers. It would be the last major appropriation for the project, though some spending could continue past the end of the federal fiscal year in September 2013, according to a corps spokesman. Lexington Herald-Leader
Submitted 2 years 61 days ago

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Constitutional amendment would allow 7 casinos in Kentucky
FRANKFORT — Backed by a bipartisan coalition of lawmakers, Gov. Steve Beshear on Tuesday introduced a constitutional amendment to allow casinos. The bill, filed Tuesday by Sen. Damon Thayer, R-Georgetown, would allow up to seven casinos — five at horse tracks and two elsewhere. Lexington Herald-Leader
Submitted 2 years 61 days ago

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Big East announces WVU's exit from conference
The Big East Conference Board of Directors has voted to terminate West Virginia University's membership in the Conference, effective June 30, 2012. A conference news release today said the vote is conditioned on WVU fulfilling its obligations under a settlement agreement with the Conference that resolves the litigation between the parties. Daily Mail
Submitted 2 years 61 days ago

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Reshoring manufacturing capacity from primarily Asia to the South and Mexico is now a common thing to do and it's all about money. When China joined the World Trade Organization in 2001, the average manufacturing wage in China's Pearl River Delta (PRD) was about 58 cents an hour.

 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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