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Incentives may be part of doing business, but they must be done wisely and with transparency
"Incentives" can be a blessing or a curse word. Incentives create progress. But a critic would suggest it's a bank robbery that began with somebody emailing the bad guys the combination to the safe. Indeed, it's a word that should always flip on a caution light just as easily as it flips on the green light to get something moving. AL.com
Submitted 2 days ago

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A user’s guide to President Obama’s new economic promises
“Middle-class economics” was the star of President Barack Obama’s sixth State of the Union address on Tuesday night. The president coined the term to cover his sweeping proposals to strengthen the middle earners of the US economy with better wages, lower taxes, more childcare, and jobs. Rawstory.com
Submitted 3 days ago

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The death of the suburbs turns out to be a total myth
One of my bold predictions for 2015 was that we would see the comeback of suburban sprawl, not so much as a phenomenon but as a cultural trope, as people gradually came to realize that what felt to them like a de-suburbanization trend was a mirage. Vox.com
Submitted 3 days ago

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Don’t kid yourself—US manufacturing jobs are never really “coming back” from China
“More than half of manufacturing executives have said they’re actively looking to bring jobs back from China, so let’s give them a reason to get that done.” US president Barack Obama’s State of the Union speech made several mentions about boosting employment, and specifically about bringing jobs back from China. The “more than half” statistic appears to be a reference to an annual Boston Consulting Group study, most recently published in October, that found for two years running that 54% of the manufacturing executives surveyed were ” planning to ‘reshore’ or are considering it,” up from 37% of executives surveyed in 2012. The survey also found 16% of executives were actively shifting production back to the US in 2014, due to rising wages in China, up from 7% in 2012. Qz.com
Submitted 4 days ago

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INCENTIVES WATCH: CREATION OR RETENTION, HOW SHOULD STATES INCENTIVIZE THEIR JOBS?
The old saying, “a bird in the hand is worth two in the bush,” is just another way of saying that possessing the thing you covet is more valuable than having to look for it. Although this seems like common sense, opinions on the matter differ, especially when the conversation turns from birds to jobs. BNA.com
Submitted 4 days ago

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Bringing Communities Together: A Better Way to Help America's Kids Succeed
Today, President Barack Obama will be giving his State of the Union address, which will likely include the president laying out a vision for addressing the needs of our nation’s children. Among a host of other policy announcements, the president may emphasize much needed recent investments to expand access to pre-K and infant and toddler care. Rollcall.com
Submitted 5 days ago

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State Of The Union Will Tout Progress, But Is The Economy Fixed?
In so many ways, Jan. 20, 2009, was a frightful day to be taking the oath of office. The U.S. economy was in free fall as Barack Obama rose to deliver his inaugural address. "We are in the midst of crisis," he said. "Homes have been lost, jobs shed, businesses shuttered." Exactly six years later, Obama is returning to Capitol Hill to deliver a State of the Union address at 9 p.m. EST. He is expected to highlight the economic progress that has been made since that frigid Day One — and call for more changes. NPR
Submitted 5 days ago

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Suspicious Nonsense on Trade Agreements
I am in general a free trader; there is, I’d argue, a tendency on the part of some people with whom I agree on many issues to demonize trade agreements, to make them responsible for evils that have other causes. And my take on both of the trade agreements currently under negotiation — Pacific and Atlantic — is that there’s much less there than meets the eye. New York Times
Submitted 6 days ago

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Fast-Track Trade Agreements=Job Losses for Americans
International trade agreements advocated by both Democratic and Republican administrations have hurt American workers, who have lost access to millions of domestic jobs as a result of these deals. A study by the nonprofit advocacy group Public Citizen says the U.S. lost nearly 5 million manufacturing jobs following the adoption of 16 free trade agreements, such as NAFTA (North American Free Trade Agreement), which was signed by President Bill Clinton in 1994, and CAFTA (Central American Trade Agreement) signed by President George W. Bush in 2005. The research also showed that 57,000 factories shut down and 7 million “higher-wage service sector jobs” were moved overseas once the agreements went into effect. Allgov.com
Submitted 6 days ago

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U.S. Mood on Economy Up, Race Relations Sharply Down
Americans' views about the economy, their overall quality of life and the opportunity to get ahead through hard work are more positive than they were before the 2014 State of the Union Address -- echoing their improving economic confidence. At the same time, Americans are markedly less satisfied with the state of race relations and, to a lesser extent, with the nation's security from terrorism, with crime and with federal taxes. Gallup.com
Submitted 6 days ago

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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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