Bookmark and Share Business News in the South from The Randle Report

 

Sign up for Randle Report Daily Emails for all The South's Business and Political News Follow Randle Report on Facebook for Business News in the South Follow Randle Report on Twitter for all The South's Business and Political News

 

 
0
Likes

Construction begins on new nuclear reactors in Georgia
Advocates of building a low-carbon economy with nuclear power can rejoice: Construction is underway to build America’s first new nuclear reactors in 30 years. Grist
Submitted 2 years 162 days ago

0
Likes

Out to lunch
The Randle Report is breaking for lunch and making way for a new editor shift. Click on the headline above to access Southern Business & Development's Web site for more detailed information on economic development in the South. Posts will resume at 1:30 pm CDT.
Submitted 2 years 162 days ago

-9
Likes

Bill Moyers: Are the Monster Banks on the Verge of Unleashing Fresh Economic Disaster?
BILL MOYERS: Welcome to the question of the week: are the banks – banks too big to fail and too big to jail – are these monsters courting another disaster? That's what it looks like. As you no doubt heard, last week, the Senate Permanent Subcommittee on Investigations issued a report and hauled in key executives from JP Morgan Chase -- the world's biggest derivatives trader -- demanding to know how the bank blew 6.2 billion dollars in funny money -- I mean, derivatives – and hid the losses with some fancy accounting tricks aimed at fooling both regulators and the public. Alternet
Submitted 2 years 162 days ago

4
Likes

Making Louisiana businesses pay more doesn't seem like a winning strategy: James Gill
We have puzzled for years over how to make Louisiana more attractive to business, and at last we have found the secret. We must make companies pay more in taxes. Then they'll come running. That is the insight behind Gov. Bobby Jindal's proposed overhaul of the tax system. Times-Picayune
Submitted 2 years 162 days ago

0
Likes

Solar power, now thriving in NC, under cloud as GOP proposes reforms
To appreciate the explosive growth of solar power in North Carolina, consider the state of the solar industry six years ago: Solar energy was so unusual that most residents had never seen a photovoltaic panel here. Today, North Carolina ranks fifth in the nation for solar energy production, and the state is projected by the Solar Energy Industries Association to move up to fourth place this year. Giant solar farms are sprouting or planned all over the state, including the biggest proposed to date: a 75-megawatt project in Duplin County. Charlotte Observer
Submitted 2 years 162 days ago

0
Likes

Support grows for Oklahoma governor's plan to cut state income tax
Gov. Mary Fallin's simple proposal to reduce Oklahoma's top personal income tax is gaining traction and appears to have the best chance of passage compared with a bill that instead calls for a deeper cut but is dependent on reducing several business tax credits and personal deductions. The Oklahoman
Submitted 2 years 162 days ago

0
Likes

More than 300 SC companies cited for violations
South Carolina officials have cited more than 300 businesses for immigrant worker violations. State labor department officials cited 323 businesses in the first year of mandatory immigration checks for employees. GoUpstate
Submitted 2 years 162 days ago

4
Likes

As Texas starts to pivot on Medicaid expansion, “no” looks more like “maybe”
Good news for people, the economy and common sense: Austin lawmakers appear to be inching toward the expansion of Medicaid in Texas, despite their hard line against Obamacare. Gov. Rick Perry and many Republicans have said that Texas won’t expand the federal-state health program to cover low-income adults, as outlined in the Affordable Care Act. But there’s growing support for a Texas solution that would let politicos save face and the state pull in $100 billion in federal money. An estimated 1.5 million Texans would qualify for health coverage if Texas expanded, and the economy is projected to gain up to 3 million jobs over the next decade. Dallas Morning News
Submitted 2 years 162 days ago

0
Likes

Ribbon cut on $118 million Myrtle Beach terminal
MYRTLE BEACH — Myrtle Beach officials have cut the ribbon on a new $118 million terminal at the Myrtle Beach International Airport. The new terminal was dedicated Sunday and opens to passengers on April 2. It has more space and added gates. It also has remote check-in kiosks for passengers and new restaurants. GoUpstate
Submitted 2 years 162 days ago

5
Likes

SC Amazon Fulfillment Center celebrates grand opening
Fulfillment — it comes in many forms at a 1-million-square-foot building on John Dodd Road. From kayaks, Barbies, wine corks, stuffed plush ponies, bird feeders, diapers, comforters, bicycle tires, lawnmowers and 60-inch TVs to rawhide dog treats, Spartanburg's Amazon Fulfillment Center is all about fulfilling a customer's online wish, packing it up and shipping it out. GoUpstate
Submitted 2 years 162 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.
 


 

 

http://www.edpsc.org
Southern Business & Development Southern Auto Corridor Small Town South Randle Report

Copyright ©2015 Randle Report
All of the South's Business News, Political News, and Economic Development News in One Place
Login