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NC considers hiking business taxes, cutting unemployment benefits
An N.C. General Assembly committee is considering a plan to cut jobless benefits and raise business taxes in a reform of North Carolina’s unemployment insurance program. Charlotte Business Journal
Submitted 2 years 149 days ago

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Inside Alabama's immigration jail, recently labeled one of the nation's 10 "worst"
GADSDEN, Alabama - The buttons inside the elevator do not work. Guards in a distant control room watch through cameras and guide the car to the upper level, where doors open onto the locked vestibule outside Unit 10. al.com
Submitted 2 years 149 days ago

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Obama takes "fiscal-cliff" campaign to "middle-class"
President Barack Obama takes his "fiscal-cliff" campaign to the home of a family in Northern Virginia on Thursday to illustrate the impact of letting taxes go up on the middle class, as signs emerge that Republicans are contemplating a change in strategy in their battle with Democrats over deficit reduction. Reuters
Submitted 2 years 149 days ago

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Transport Workers Union courts mechanics at Dallas-based Southwest Airlines
Mechanics at Dallas-based Southwest Airlines are being wooed by the Transport Workers Union, which has launched a campaign to replace the Aircraft Mechanics Fraternal Association in representing the carrier's 1,800 mechanics. Dallas Business Journal
Submitted 2 years 149 days ago

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Mississippi River barges travel ever so warily
ST. LOUIS — A revised Mississippi River forecast offered a bit of a reprieve for shippers Wednesday, showing the water level isn’t dropping as quickly as feared. Still, at least two large barge companies — including Nashville-based Ingram Barge — already are reducing their loads over concerns about the river’s depth. The Tennessean
Submitted 2 years 149 days ago

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Alabama automakers set annual production record, nearing 810,000 vehicles in 2012
Alabama's auto assembly lines cranked out nearly 810,000 vehicles in the first 11 months of 2012, already setting a record for annual output with a month left to go in the year. al.com
Submitted 2 years 149 days ago

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Short Sales of Homes Surge as Tax Break to Expire: Mortgages
Homeowners and banks are accelerating sales of properties for less than the amount owed as a U.S. law that gives them a tax break expires at the end of the year. The transactions, known as short sales, increased by 35 percent in the third quarter from a year earlier, while sales of bank-owned homes dropped 20 percent, according to a report today by mortgage data seller Renwood RealtyTrac LLC. Together, they accounted for 41.5 percent of home purchases in the quarter. Bloomberg
Submitted 2 years 149 days ago

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Bank of America puts restrictions on 'My Work' program
Bank of America is adding restrictions to its popular "My Work" program, the Charlotte Business Journal reported. Dallas Business Journal
Submitted 2 years 149 days ago

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LNG report moves Houston export plans forward
The United States would see a net economic benefit with the increased export of liquefied natural gas, according to a long-awaited Department of Energy-commissioned report released on Dec. 5. Houston Business Journal
Submitted 2 years 149 days ago

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That's The Randle Report for December 5, 2012
Join us again tomorrow morning as we continue to bring you all of the American South's business, economic development and political news in real time and in one place. Use the sort buttons or the search window above to find your favorite stories from yesterday, last week, last month or last year. Also, click on the Sports tab above for all of the South's sports news in real time. Click on the headline to access Southern Business & Development magazine.
Submitted 2 years 150 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 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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