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Which States Accepted the Most Refugees in 2012? 4 in South
When Dilli Khatiwodahe was 9 years old, his family fled to India to escape the turmoil of his native Bhutan, where people of Nepali descent were being tortured, raped and their property confiscated. His family was trucked to a refugee camp in eastern Nepal, where he stayed for nearly 20 years, going to school and waiting for the day he could start his life over somewhere else. Governing.com
Submitted 2 years 142 days ago

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STOCKS MAKE COMEBACK AND RALLY: Here's What You Need To Know
Stocks spent most of the day in the red. But they turned around mid-day and staged a nice rally. First the scoreboard: Business Insider
Submitted 2 years 142 days ago

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How New Orleans Pulled Off an Economic Miracle
NEW ORLEANS—Things are looking up for this city. Partly, that’s because anything is an improvement over the post-Katrina hellscape. But from tragedy arose opportunity: New Orleans has used the hurricane recovery effort to confront some of its longtime political, economic, and social pathologies—the problems that seemed to leave it on the bottom of those worst-in-the-country lists. National Journal
Submitted 2 years 142 days ago

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Look Out Below, The Obamacare Chaos Is Coming
The biggest political problem faced by so-called “liberals” and so-called “progressives” in President Obama’s second term is how to prevent voters from holding them politically responsible as the public comes to realize how badly they were lied to during the first Obama term to win passage of Obamacare. Forbes
Submitted 2 years 142 days ago

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250 New Jobs Coming to Anderson County
COLUMBIA, S.C. (AP) - A supplier to heavy-equipment manufacturers plans to open a facility in Anderson County and hire 250 people over five years. wltx.com
Submitted 2 years 142 days ago

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W.H.: Obama won't pressure Dems on gay marriage
White House press secretary Jay Carney, pressed on whether President Obama would encourage Democratic Senators to back gay marriage, signaled that he wouldn't and that he believes they should be free to make up their own minds. Politico
Submitted 2 years 142 days ago

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One Of The Fastest-Growing Careers Is In Desperate Need Of Young Talent
The job market is an ugly place right now but there’s a segment of the financial industry in desperate need of young talent. Forbes
Submitted 2 years 142 days ago

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TX-based J.C.Penney Has A Black Hole And Doesn't Even Know It
The other day my wife and I were visiting our family. Our grandson needed a suit and I suggested J.C.Penney for this growing teenager. He is already 6 feet tall. We went to the J.C.Penney store in a local mall and found the men’s department. My wife asked the young clerk and cashier where size 42 tall might be. The answer was a classic: Forbes
Submitted 2 years 142 days ago

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Revamped $245 million Center City project in downtown Louisville includes 600-room hotel, 200 apartments
Downtown Louisville’s long-planned Center City project by Fourth Street Live! Developer The Cordish Company has evolved into a $245 million hotel, apartment and retail block that Cordish says “will anchor a broader revitalization of downtown Louisville and help move Louisville towards a 24-7 downtown.” Lane Report
Submitted 2 years 142 days ago

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Nelson Brothers to build $17 million facility in Lewis County
VANCEBURG, Ky. -– Nelson Brothers LLC, a leading manufacturer of bulk emulsions to the surface mining industry in the eastern United States, is investing $17 million to build a new emulsion plant in Lewis County. The plant will create approximately 65 full-time jobs with an average salary and benefits package of approximately $75,000 per year. Lane Report
Submitted 2 years 142 days ago

 

 

 

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     
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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