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Canada ambassador: Pipeline should be built “on merits”
The U.S. government must decide whether it wants more oil from Canada or wants to continue relying on high levels of supplies from the Middle East and Venezuela, the Canadian ambassador to the United States said Wednesday while in San Antonio. Fuelfix.com/chron.com
Submitted 2 years 75 days ago

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Virginia faces next step for offshore wind power
RICHMOND, Va. -- The federal Bureau of Ocean Energy Management is moving forward with the next step in offshore wind energy development off the Virginia coast, Gov. Bob McDonnell and federal officials announced today. The agency is publishing the call for information and nominations aimed at industry interest in locations off the Virginia coast for commercial wind energy leases, the first step in the leasing process. It describes the areas that will be made available and solicits expression of interest from developers. Richmond Times-Dispatch
Submitted 2 years 75 days ago

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Shell losing $1 billion a year on U.S. Gulf drilling delays
Royal Dutch Shell Plc, Europe’s largest oil company, is losing about $1 billion a year from drilling delays in the Gulf of Mexico since the 2010 Macondo disaster. FuelFix.com/Bloomberg
Submitted 2 years 75 days ago

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Reid warns GOP on payroll fight
Senate Majority Leader Harry Reid (D-Nev.) warned Republicans Thursday they will be forced to vote multiple times on extending the payroll tax holiday if a Senate-House conference deadlocks on the issue. Democrats are skeptical that Republicans want to extend the payroll tax rate, which affects an estimated 160 million Americans, because of dismissive statements several House GOP conferees have made. The Hill
Submitted 2 years 75 days ago

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Economy Needs Goldilocks Plan, Growth Then Restraint: Ezra Klein
A grim surprise was tucked inside the Congressional Budget Office’s latest budget outlook. Economic growth, it said, would be only 2 percent in 2012, falling to 1.1 percent in 2013. That’s horrible. It’s far beneath the growth rate required for the economy and job market to recover. But it’s also probably wrong -- provided that Congress wants it to be wrong. Because the CBO isn’t saying the economy can’t grow faster than that. It’s saying the economy won’t grow faster unless Congress makes some hard decisions, and soon. Bloomberg
Submitted 2 years 75 days ago

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The Real Reason Mitt Romney Is Accepting Donald Trump's Endorsement
A day after Mitt Romney was slammed from all sides for declaring he's not "concerned with the very poor" (because they enjoy such a swell safety net), why would he accept an endorsement from celebrity-birther, .001-percenter Donald Trump and appear at the magnate's Las Vegas casino to do so? Mother Jones
Submitted 2 years 75 days ago

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South-Central Texas bankruptcies fall 25%
Bankruptcy filings in South-Central Texas fell 25 percent in January compared with the year earlier period. There were 287 bankruptcy filings in the U.S. Bankruptcy Court for Western District of Texas in San Antonio. That compares with 385 in January 2011. Last month marked the fewest cases filed in the month since 216 were filed in 2008 — which was a month into the recession. San Antonio Express-News
Submitted 2 years 75 days ago

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Sumter, S.C. wins big – beating the odds by getting into the game
When Jay Schwedler, president and CEO of the Sumter Development Board, found out what the project required, he knew he had the site, the speed and the determination to make Sumter a viable contender. Sumter had a certified 180 acre rail site with a quick 9-mile, 4-lane corridor to I-95 with no stops. Schwedler knew that by adding additional surrounding acreage, this site would match the project criteria and should have been on the list of competitive sites throughout the State – not to mention surrounding states. Southern Business & Development
Submitted 2 years 75 days ago

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Richmond area unemployment rate ticks up in December
Unemployment rates rose in the Richmond region and other metropolitan areas of Virginia in December from the previous month, in part because more people entered the labor force looking for work. Richmond Times-Dispatch
Submitted 2 years 75 days ago

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Tulsa to lose 2,100 American Airlines jobs
AMR Corp. plans to eliminate 2,100 jobs in Tulsa, a company spokesman said Wednesday afternoon during a press conference at American Airlines' maintenance base in Tulsa. NewsOK
Submitted 2 years 75 days ago

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Reshoring manufacturing capacity from primarily Asia to the South and Mexico is now a common thing to do and it's all about money. When China joined the World Trade Organization in 2001, the average manufacturing wage in China's Pearl River Delta (PRD) was about 58 cents an hour.

 Randle Report - Business News in the South

 FEATURE  
By Dr. Glen Fenter
Desperation sometimes masks itself in acceptance. Such was the case for Takelia Carter of Marion, Ark. For Carter, the mother of six school-age children in a low paying job, desperation was normative existence. This was her life in Crittenden County, Ark., deep in the Delta where unfortunately one in four families lives well below the poverty level.
 

 Business News in the South - Randle Report

FEATURE     
By Mike Randle
There are numerous factors driving the new industrial revolution in the South. And it is a revolution, as this manufacturing surge that began in 2007 continues to break records year after year in the total number of large, capital intensive projects. One factor, of course, is that reshoring of facilities back to the U.S. continues to grow each year.
 
 Nashville Mayour Karl Dean

We try to change up the categories in our annual Ten Top 10s section, but we always include the "Ten People Who Made a Difference" category. This year though, we are honoring 12 and you will learn why by reading about this group of folks who have made a difference in the South. Here is our annual list that includes executives, economic developers and politicians who have made a difference in the South's economy.


 


 

 

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