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Gov. Bobby Jindal's out-of-state travel draws criticism on different fronts
Gov. Bobby Jindal's frequent travels outside Louisiana drew attention on editorial pages from Des Moines, Iowa, to New Orleans and Baton Rouge over the weekend. First, the editors of the Des Moines Register took exception with Jindal's recent appearances in the state to campaign for the defeat of Iowa Supreme Court Justice David Wiggins, who was part of a 2009 ruling that legalized same-sex marriage in that state. In something called Roses and Thistles, the Iowa paper criticized Jindal's appearances: The Times Picayune
Submitted 2 years 141 days ago

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Bobby Jindal, Chris Christie to lead RGA
Louisiana Gov. Bobby Jindal will take over the Republican Governors Association next year, followed by New Jersey Gov. Chris Christie in 2014, an RGA official confirmed to POLITICO. Republicans have viewed the RGA chairmanship as an increasingly desirable post as the committee has gained financial power and prominence in national politics. Both Jindal and Christie are potential presidential candidates in 2016. Politico
Submitted 2 years 141 days ago

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Open Enrollment and Obamacare: What You Need to Know
While health care is still a hot issue in the election, in the coming months consumers will be facing a health insurance decision of their own: open enrollment. That’s the period, usually in the last quarter of the year, when workers with insurance can change coverage options without having to prove their health status. The Fiscal Times
Submitted 2 years 141 days ago

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Happy Columbus Day!
Check back tomorrow at 9:00am CTD. Feel free to use the sort buttons above or the search window to find your favorite stories from today, last week, last month or in the last year. If you are looking for more information on economic development in the South, click on the headline above to read Southern Business & Development magazine. If you want to keep up with the South's growing automotive industry, go to www.SouthernAutoCorridor.com. If you are looking for sports in the South, go to www.RandleSportsReport.com, or click on the "Sports" tab above.
Submitted 2 years 142 days ago

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That's The Randle Report for October 5, 2012
That's a wrap on The Randle Report for today. Feel free to use the sort buttons above or the search window to find your favorite stories from today, last week, last month or in the last year. If you are looking for more information on economic development in the South, click on the headline above to read Southern Business & Development magazine. If you want to keep up with the South's growing automotive industry, go to www.SouthernAutoCorridor.com. If you are looking for sports in the South, go to www.RandleSportsReport.com, or click on the "Sports" tab above.
Submitted 2 years 144 days ago

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An Oklahoma Factory’s Closing Focuses Attention on Tort Reform
Crusading against what it considers frivolous lawsuits, the United States Chamber of Commerce has had no shortage of cases to highlight, like the man suing a cruise line after burning his feet on a sunny deck or the mother claiming hearing loss from the screaming at a Justin Bieber concert. Now, the lobbying group’s Institute for Legal Reform is showing a 30-second commercial that uses Blitz USA, a bankrupt Oklahoma gasoline can manufacturer, to illustrate the consequences of abusive lawsuits. The ad shows tearful workers losing their jobs and the lights going out at the 46-year-old company as a result of steep legal costs from lawsuits targeting the red plastic containers, according to the company and the institute. The closing of the 117-employee operation this summer became a rallying point for proponents of tort reform. The New York Times
Submitted 2 years 144 days ago

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Atlanta restaurant named “Restaurant of the Year” by Esquire Magazine
Each year, Esquire magazine food writer John Mariani calls out a score of eateries on his annual list of the “Best New Restaurants in America.” This year the biggest award went to The Optimist — Ford Fry’s West Midtown seafood restaurant, which opened to good reviews and brisk business this summer. Citing it as the “Restaurant of the Year,” Mariani writes: “A soaring, convivial spot, the Optimist has a hip oyster bar shaped like a surfboard, a first-rate cocktail program, and seafood cooked with old-school expertise over a wood fire. Though everyone knew chef Ford Fry’s new place would be a big deal, the Optimist is far more than a resounding local success; it is an overnight totem of all that is wonderful about American food today.” Atlanta Journal-Constitution
Submitted 2 years 144 days ago

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Creating Rural Wealth: A New Lens for Rural Development Efforts
In the aftermath of the Great Recession, economic policy is understandably focused on jobs and income. As important as these indicators are, investment that strengthens the Nation's public and private capital base is key to long-term prosperity. Rural economic development efforts build on previous investments made in a broad range of assets, such as transportation and communication infrastructure, agricultural technologies, education and training, and preservation and development of natural resources. Recognizing the connection between rural wealth and economic prosperity, rural development practitioners have begun to focus more attention on investing in a broad set of assets and building upon linkages among different types of assets. For example, the Appalachian Regional Commission has embraced an "asset-based development" approach, emphasizing investment strategies that build upon the cultural, natural, physical, and leadership assets of Appalachian communities. USDA
Submitted 2 years 144 days ago

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Banks in Oklahoma report strong deposit growth
Deposits in Oklahoma banks grew $3.3 billion in the 12 months ending June 30, the largest gain since before the credit crisis in 2008. Oklahoma's 255 FDIC-insured institutions held $74.4 billion in deposits at midyear, and local bank officials say the increase reflects consumers' quest for safe places to park their money. "Customers are flocking to banks with deposits because of the slower economy," said John Higginbotham, Oklahoma City market president for Bank of Oklahoma. "Many have been hesitant to invest in the market or capital projects for companies." Tulsa World
Submitted 2 years 144 days ago

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Amazon eyeing Coppell, Texas site for fulfillment center
Amazon.com, which buried the hatchet with Texas in April over nonpayment of sales taxes, is showing signs of moving ahead on a pledge to open a large fulfillment center -- and it could be in the Metroplex. After being approached by the mammoth online retailer, Coppell granted tax abatements on a proposed site for a center. It did not insist on local hiring or the use of area contractors if Amazon leases a 1-million-square-foot facility at 900 W. Bethel Road, near Texas 121, according to a resolution unanimously adopted Sept. 25. Fort Worth Star-Telegram
Submitted 2 years 144 days ago

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Just look around at what's happening in the aerospace industry in the American South. Aerospace is really making a move to become one of the region's top two industry sectors. It’s not there yet, but if large project counts are any indication, aerospace may soon challenge the petrochemicals sector as the second largest industry in the region. Never before has the aerospace industry been so important to the South's economy. Oh, what's the No. 1 industry sector in the South? Automotive is, of course. That industry hasn't been challenged much for 25 years in this region, or since we’ve been counting.

 

 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
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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