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That's The Randle Report for October 9, 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.
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LSU's hospital changes will put lives on the line: John Maginnis
For all that he has showcased school vouchers and improved national rankings for ethics laws (whatever that means), the most transformative change that Gov. Bobby Jindal is responsible for, even if not taking credit for, is the ongoing dismantling of the public health care system that was the major legacy of Huey Long. The LSU Board of Supervisors would agree with that. Its members, nearly all appointed by Jindal, roundly praised the plan by university hospital officials, in response to a sudden loss of federal funding, to close beds, lay off a quarter of the work force and to partner with non-state hospitals to treat uninsured in-patients and train doctors -- though they shared few details of how they would do it. NOLA.com
Submitted 2 years 145 days ago

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Big Bird’s Response


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Ryan brings policy details, but supplies Biden with a big target
It will be a tall order for Paul Ryan to match the strong debate performance delivered by his ticket mate, Mitt Romney, last week in Denver. But that’s just what the Republican vice presidential nominee is tasked with doing on Thursday, when he meets the Democratic incumbent veep, Joe Biden, at his first (and only) debate of the 2012 election season. NBCpolitics.com
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Plan for $2.5B sale to Marathon Petroleum takes BP out of shadow
The planned sale of BP’s Texas City refinery to Marathon Petroleum Corp. reinforces Marathon’s entrance as a major player in the U.S. refining sector, helps BP focus its strategy and distances the British oil company from the shadow of a disaster at the plant seven years ago. The $2.5 billion deal for one of the nation’s largest and most complex refineries, announced Monday, will make Marathon the fourth-largest domestic refiner. “This is a unique opportunity to acquire world-scale refining assets at an attractive price,” said Marathon Petroleum CEO Gary Hemminger during a conference call with analysts Monday morning. FuelFix.com
Submitted 2 years 145 days ago

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GE launches all-in-one natural gas fueling pumps
GE launched its “CNG In A Box” system this week, to expand fueling options for vehicles that run on compressed natural gas, the company has announced. GE touts the all-in-one refueling system, developed in partnership with Chesapeake Energy affiliate Peake Fuel Solutions, as a plug-and-play solution that makes it quick and easy for retailers to expand their fuel selection. At least 250 CNG In A Box systems will be distributed beginning this fall, the companies said. FuelFix.com
Submitted 2 years 145 days ago

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Is Walmart's Banking Business Legal?
Walmart announced a new financial product yesterday but one big bank analyst is wondering if the retail giant’s foray into financial services is legit. Walmart said it is launching Bluebird accounts as an alternative for consumers with traditional bank accounts which it says are becoming increasingly expensive. Forbes.com
Submitted 2 years 145 days ago

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Big Bird emerges as campaign star
In a campaign that the candidates like to describe as one of the biggest, most consequential ever, perhaps it’s fitting that the biggest, most feathery Muppet in the history of Sesame Street is taking a starring role. Yes, Big Bird is now on the campaign trail, four weeks out from Election Day. The latest sign: A tongue-in-cheek ad released Tuesday by the Democrats and immediately the target of ridicule by Republicans. WashingtonPost.com
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Dem pollster delivers wake-up call to Obama
Democratic pollster Stan Greenberg is not known for flinching from delivering bad news to Democratic politicians, and his new diagnosis of Obama’s slippage in the polls is no exception. Greenberg told me in an interview that his new research persuaded him that Mitt Romney beat Obama in the debate for a simple reason. Unmarried women — a critical piece of Obama’s coalition — did not hear Obama telling him how they would make their lives better. By contrast, they did hear Romney telling them he’d improve their lives. WashingtonPost.com
Submitted 2 years 145 days ago

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Space Florida Receives Gold Excellence in Economic Development Award from IEDC for Boeing/KSC Project
CAPE CANAVERAL, FL.– Space Florida received a Gold Excellence in Economic Development Award for their Boeing/Kennedy Space Center (KSC) commercial partnership project in the category of “Public-Private Partnerships for communities with populations of 500,000+” from the International Economic Development Council (IEDC). The honor was presented at an awards ceremony on Tuesday, October 2, during the IEDC Annual Conference, which was held September 30 – October 3, 2012 in Houston, Texas. SpaceFlorida.com
Submitted 2 years 145 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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