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Bernanke’s Battle for Jobs Eclipses Inflation Concerns
Ben S. Bernanke for the first time pledged that the Federal Reserve will buy bonds until the economy gets closer to his goals, cementing his place as the Fed’s most innovative chairman and signaling the battle against unemployment eclipses any concerns about inflation for now. Bloomberg
Submitted 2 years 138 days ago

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Virginia lands $52 million in grants for road fixes
Virginia Gov. Bob McDonnell said Thursday that the state has received an extra $52 million from the federal government for transportation projects, the Washington Examiner reported. None of the money is expected to be spent in Northern Virginia. Washington Business Journal
Submitted 2 years 138 days ago

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Report: Company for NC prison farm site falls through with it 500 jobs
A food distribution center and its 500 accompanying jobs will not locate at the current site of the Guilford County prison farm, the News & Record is reporting. The Business Journal
Submitted 2 years 138 days ago

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Job opportunities slid in August for IT workers in N.C.
Job opportunities for information technology workers fell by 4.7 percent in August compared to July, according to the latest N.C. IT Job Trends report. The Business Journal
Submitted 2 years 138 days ago

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Shell eying Texas shale operations as next oil-and-gas frontier
Royal Dutch Shell PLC is planning to produce 250,000 barrels of oil equivalent worldwide from shale operations, and the company’s growing acreage in the Eagle Ford Shale just south of San Antonio could help it achieve that goal. San Antonio Business Journal
Submitted 2 years 138 days ago

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McDonald's giving away coffee for a week
Thousands of McDonald's restaurants are promoting the chain's coffee by giving away 12 ounce cups of the java every day from Sept. 23 to Sept. 29. No purchase is required to get the free coffee in the restaurants or drive throughs. The promotion is taking place along the East Coast of the United States. Orlando Sentintel
Submitted 2 years 138 days ago

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Memphis chamber expects jump in hiring as new industries get ready to open
A spurt of new industrial investment in Memphis means the city must fill up to 1,200 jobs a year for the next four to five years, business and elected leaders were told during a tour of two new plants under construction. Commercial Appeal
Submitted 2 years 138 days ago

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Isaac insured losses could be $2B
California-based Risk Management Solutions has estimated U.S. insured losses from Hurricane Issac’s wind and surge impacts on the Gulf Coast will fall between $1 billion and $2 billion, excluding rainfall driven flood losses and all National Flood Insurance Program losses. Clarion-Ledger
Submitted 2 years 138 days ago

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San Antonio housing market posts record sales activity in August
The San Antonio housing market reached a new high last month, according to the August 2012 analysis by the San Antonio Board of Realtors (SABOR). San Antonio Business Journal
Submitted 2 years 138 days ago

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University bomb threats: Texas, North Dakota State evacuating campuses; man claimed al-Qaida tie
The University of Texas has issued an alert on its website ordering an evacuation "due to threats on campus" after a man claiming ties to al-Qaida said bombs were placed all around campus. North Dakota State has received a similar threat and evacuations are underway there Friday also, but it is unclear if the two threats are related. Clarion Ledger
Submitted 2 years 138 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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