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Tenn. Gov. Haslam sees opportunity to attract more Japanese companies
Gov. Bill Haslam believes the door is open to attract more Japanese-owned businesses to Tennessee, WPLN 90.3 FM reports. "We've done well historically there — we have 33,000 jobs in Tennessee from Japanese-owned companies," Haslam told WPLN. "We think there's some more headway to make." Nissan, whose North American headquarters are in Franklin, recently announced plans to shift more of its production to Smyrna in light of the soaring value of the Japanese yen compared to the U.S. dollar. Additional moves from the company could also be on the way. Nashville Business Journal
Submitted 2 years 159 days ago

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Export surge could result in 5M jobs and $90B in additional U.S. exports
Five million new U.S. jobs by the year 2020 could result from an expected surge in exports, according to a report released by the Boston Consulting Group, Fox Business Network reported. Exports from the United States are expected to surge, the BCG research found, with domestic manufacturers positioned to capture between 2 and 7 percent of Western European and Japanese exports due to lower labor and energy costs, translating to as much as $90 billion in additional U.S. exports. Memphis Business Journal
Submitted 2 years 159 days ago

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Bloomberg: Africans relocating to Alabama to fill jobs after Hispanics leave state over immigration law
Workers from Africa, Haiti and Puerto Rico have filled the void for Hispanics who have fled the state following the enactment of one of the country's toughest immigration laws, according to a story in Businessweek. Legal workers from many African countries, the story said, have seized the opportunity offered by recruiters to come to Alabama, most to work in the poultry industry, according to the Pew Hispanic Center. The Press Register
Submitted 2 years 159 days ago

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Baldwin County, Ala. considers dropping out of regional planning commission
The Baldwin County Commission may drop out of the South Alabama Regional Planning Commission, an organization of local governments that provides services, policymaking and a forum for solving common problems. Commissioners plan to discuss the possibility of withdrawing from SARPC with Baldwin County’s legislative delegation at a work session Tuesday at the Fairhope Satellite Courthouse. The meeting begins at 8:15 a.m., with the delegation meeting scheduled for 1 p.m. The Press Register
Submitted 2 years 159 days ago

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Houston performs worse than nation in income, education metrics
Houston performed slightly worse than the national average in some key statistics released by the U.S. Census Bureau. Houston’s median household income was $42,877 in 2011, compared to $50,502 nationwide, according to the Census Bureau’s 2011 American Community Survey. The survey, which was released Sept. 20, also found that 28.9 percent of Houston’s population did not have health insurance coverage last year, compared with 15.1 percent nationwide. Houston Business Journal
Submitted 2 years 159 days ago

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Perry says Satan exists and that sky-high tuition rates shouldn't
AUSTIN —Satan, the state budget and tuition rates were fair game Friday night when Gov. Rick Perry sat down for an interview with the Texas Tribune's Evan Smith. The interview on the opening night of the Texas Tribune Festival on the University of Texas campus opened with the devil. “Let me go on the record as saying, I believe in Satan,” Perry said when Smith asked about recent comments that Satan is spreading untruths in the world. “If you don't want to think there is forces of darkness and spirits and spiritual warfare, that's your call.” My San Antonio News
Submitted 2 years 159 days ago

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The Oops Diaries: Sleep Disorder Helped Derail Perry
From Mitt Romney’s slap at 47 percent of the population that he says mooches off the government to President Obama’s heavily mocked quote about businesses that take too much credit for their success, gaffes are all the rage on the presidential campaign trail these days. Invariably we are told these verbal boo-boos are bad enough to bring a presidential campaign to its knees, that somehow the blunder in question has set a new low, a dubious milestone. Two words: Rick Perry. Texas Tribune
Submitted 2 years 159 days ago

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Akin and Gingrich to stump together
Former GOP presidential candidate Newt Gingrich will appear with Missouri Senate candidate Todd Akin at a joint news conference on Monday morning in Kirkwood, Mo. Later, Gingrich, the colorful former House speaker, will attend a fundraiser for Akin in St. Louis, according to media reports. The two Republicans have this in common: Former Gingrich aide Rick Tyler is now advising Akin’s embattled campaign. The news conference is planned for 11:30 a.m. Monday at a train station in the St. Louis suburb. Politico
Submitted 2 years 159 days ago

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Mike Huckabee: Chick-fil-A hasn't changed
Dismissing reports the company had changed its stance on gay marriage under pressure, Chick-fil-A has not altered its “practices and priorities,” nor has it made any “concessions” to convince a Chicago alderman to back down from his effort to block a new restaurant, Mike Huckabee said Friday as he posted a statement given to him by the fast-food chain. Politico
Submitted 2 years 159 days ago

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Graham: Presidential campaign will turn on the economy
South Carolina Republican Sen. Lindsay Graham said on Sunday the campaign President Barack Obama and Mitt Romney is being distracted by gaffes, and at the end of the day, the election will turn solely on the economy. Appearing on CNN’s “State of the Union,” Graham said Senate Majority Leader Harry Reid (D-Nev.) doesn’t owe Romney an apology for his accusation that the Republican never paid income taxes, chalking it up to a political distraction. Politico
Submitted 2 years 159 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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