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A New Chinese Export — Jobs
Bucking the decades-old wave of offshoring of manufacturing jobs to China, other parts of Asia and Mexico, GE said it would move jobs back from these countries to the United States, where it will build water heaters. Jeffrey Immelt, GE’s chairman and CEO, notes that his decision to invest $1 billion in GE’s appliance business in the U.S. is “as risky an investment as we have ever made”. Yet, this brand of “re-shoring” – returning to the U.S. some manufacturing jobs that were earlier shipped overseas — is expected to pick up over the next several years as momentum shifts somewhat away from automatic decisions by U.S. manufacturers to operate lower-cost plants overseas. Factors encouraging this reversal include sharply rising relative manufacturing costs in China, accentuated by stagnant U.S. wages and productivity gains, steady renminbi appreciation, steeper transportation costs as oil prices rise and costlier maintenance of longer supply chains. Knowledge@Wharton, Time Business
Submitted 2 years 111 days ago

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Are Tax Incentives Working? Many States Don’t Even Check
Tax incentives have become the weapon of choice among states battling for new business investments. Niala Boodhoo reported in December that offering incentives has become a sort of strategy game for Midwest states hoping to one-up each other as everyone fights to grow jobs. But, as Niala reported, these are games with millions of dollars in tax breaks and thousands of jobs on the line. Now, the Pew Center on the States is taking a look at incentives from a different angle. The Pew Center tried to figure out whether anyone is actually checking to see whether the incentives are worth it. Turns out, a lot of states do very little follow-up once they approve incentives programs. Dustin Dwyer, changinggears.info
Submitted 2 years 111 days ago

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Newt Gingrich turns his fire on Fox News
Newt Gingrich’s blistering attack on Fox News, in which the former House speaker accused the network of favoring Mitt Romney in its coverage, has drawn the ire of at least one of its on-air personalities. “I think Fox has been for Romney all the way through,” Gingrich said Wednesday during a meeting with Delaware tea party leaders, according to RealClearPolitics, which was given access to the private meeting. “In our experience, Callista and I both believe CNN is less biased than Fox this year. We are more likely to get neutral coverage out of CNN than we are of Fox, and we’re more likely to get distortion out of Fox. That’s just a fact.” MJ LEE, POLITICO.com
Submitted 2 years 111 days ago

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Experts argue appropriateness of murder charge in Martin case
The second-degree murder charge George Zimmerman faces in the killing of 17-year-old Trayvon Martin surprised some observers, but it's typical in "heat of passion" slayings, a Florida defense lawyer said Thursday. Special prosecutor Angela Corey was closed-mouthed about the evidence supporting the charge when she announced it Wednesday. But Assistant State Attorney Bernie de la Rionda, who spoke at Zimmerman's first court appearance Thursday, told reporters that prosecutors "only file charges we can prove." CNN Senior Legal Analyst Jeffrey Toobin said Corey "threw the book" at Zimmerman, a neighborhood watch volunteer from Sanford, Florida. CNN.com
Submitted 2 years 111 days ago

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Prosecutors contend George Zimmerman provoked confrontation with Trayvon Martin
George Zimmerman pursued Florida teenager Trayvon Martin as he tried to run home and provoked a confrontation before shooting Martin in the chest during a struggle, prosecutors contended in court documents made public Thursday. The allegations appear in a probable cause affidavit prepared in support of a second-degree murder charge against Zimmerman, who made his first court appearance earlier in the day in Sanford, Fla. A judge found probable cause to proceed with the case based on the affidavit. M. Alex Johnson, msnbc.com
Submitted 2 years 111 days ago

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Steve Spurrier on Nick Saban: 'He's got a nice little gig going, a little bit like (John) Calipari'
TUSCALOOSA, Alabama -- South Carolina coach Steve Spurrier has never considered anyone "off limits" when it pertains to needling his coaching colleagues. That's been apparent for years and years and years. Today, we were reminded from this article by ESPN.com's Chris Low that the 66-year-old Spurrier hasn't lost his fastball. Andrew Gribble, al.com
Submitted 2 years 111 days ago

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Ron Paul pays a visit to Fort Worth
FORT WORTH — U.S. Rep. Ron Paul isn't getting out of the presidential race anytime soon. But the Lake Jackson doctor did say that fellow Republican Rick Santorum's decision to suspend his campaign has led many to ask Paul about his plans. "There were 12 [GOP candidates] at one time. Now there are three," he told a standing-room-only crowd at the 2,856-seat Will Rogers Auditorium on Wednesday night. "It looks like we are cutting the field down. "They ask me if I'm going to quit. I thought we were just getting started. We have a revolution to fight, a country to change." Paul, who trails Mitt Romney and Newt Gingrich, reiterated his themes of limited government, personal liberty and a balanced budget. Star-Telegram
Submitted 2 years 111 days ago

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Report: Wind industry brought 6,816 MW online in 2011
Texas is still a national leader in wind energy, but Kansas plans to build more wind projects this year than the Lone Star State, according to a new assessment by an industry trade group. Overall, the U.S. wind industry installed 6,816 megawatts in 2011, a rise of 31 percent over 2010, according to the American Wind Energy Association. Nationally, the industry now claims 46,916 megawatts of installed capacity, the group said in the “U.S. Wind Industry 2011 Market Report” AWEA released today. Wind-based power now ranks second to natural gas as the leading source of new electricity generation in the U.S. Thirty-five percent of all new power capacity in 2011 came from wind installations, AWEA said. Jennifer A. Dlouhy, Fuelfix.com
Submitted 2 years 111 days ago

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New gas liquids pipeline to link Colorado, Panhandle
Two Houston-area companies and one in Denver will build a 435-mile natural gas liquids pipeline that would link fields in Colorado’s Denver-Julesburg Basin to a pipeline network in the Texas Panhandle that could carry liquids to the Gulf Coast, the companies said today. Enterprise Product Partners of Houston, Anadarko Petroleum of The Woodlands and and Denver-based DCP Midstream are equal partners in the Front Range Pipeline project. It is scheduled to begin service in late 2013. Don Mason, Fuelfix.com
Submitted 2 years 111 days ago

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Feds investigating Shell report of Gulf slick
Shell Oil Co., said today that inspections of its oil production facilities reveal “no sign of leaks” that could be responsible for a 10-mile sheen in the central Gulf of Mexico. Federal officials with the Coast Guard and Interior Department are investigating the rainbow sheen, which was first spotted around noon Wednesday about 50 miles from Venice, La. A Coast Guard crew based in New Orleans flew over the site this morning. The Interior Department’s Bureau of Safety and Environmental Enforcement was conducting a separate flyover and taking other steps to identify the source of the slick. “We are treating this very seriously, as we do all reports of possible pollution,” said Coast Guard Capt. Jonathan Burton. “In consultation with our state and local partners, we will ensure that all measures are taken to fully investigate and, if necessary, mitigate any impact this could potentially have.” Jennifer A. Dlouhy, Fuelfix.com
Submitted 2 years 111 days ago

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

In growth, companies find themselves in the dilemma of identifying capital to increase capacity and managing opportunity cost where capital may be deferred. This dilemma is amplified as capacity constraints drive a company to complete the site selection process for an expanding or new facility. 
 

 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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