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Opinion: When military spouses can’t find jobs, it costs the economy $1 billion
As we honor our nation’s military this Memorial Day, consider this: Military spouses face a staggering 18% unemployment rate compared with a national unemployment rate of 4.4% for a similar cohort of young married women. More than half of those military spouses who do work face crippling underemployment: They are six times more likely to earn salaries below their education and experience level. Like Amanda, I personally know this struggle well. As a military spouse, I had years I earned less than a tenth of my previous salary. Marketwatch.com
Submitted 13 hours ago

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Corporations give up American Citizenship?
Pharmaceutical maker Pfizer is staying put, but other companies might follow Burger King and Chrysler and incorporate in another country. Such corporate inversions reduce taxes owed to the U.S. and thus have been labelled a tax dodge. I think that inversions demonstrate the need for an overhaul of our corporate tax system. Troymessenger.com
Submitted 13 hours ago

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Playback: It's official, Trump is the nominee


Politico
Submitted 14 hours ago

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Oklahoma Sending Cash to Companies That Pay No Income Tax
Some state lawmakers are justifying their decision to curtail a tax credit for the working poor by declaring that the state shouldn’t be subsidizing people who owe no income taxes in the first place. But the state has several tax breaks on the books that do essentially the same thing for businesses. Through a combination of direct refunds, rebates and tax credit “transfers,” companies with no income tax liability are receiving cash subsidies. Oklahomawatch.com
Submitted 14 hours ago

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States Investing the Most in Higher Education
The total cost of attending college in the United States has risen dramatically in recent decades — faster than inflation and faster than wage growth.Government investments in public higher education can lower tuition expenses for college students, but many governments actually cut their education funding significantly when the recession hit. While in the last three years, state spending of public universities has begun to recover, growing to $6,966 per student last year, state-level support for higher education institutions still trails pre-recession levels. 247wallst.com
Submitted 15 hours ago

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IS SOUTH CAROLINA “ROADS BILL” CONSTITUTIONAL?
This website has written extensively on the issue of road funding in South Carolina. For our latest treatment of the issue, click here. Bottom line? The Palmetto State has more than enough revenue available to fix its crumbling network of roads and bridges – and properly maintain/ responsibly expand this network moving forward. All that’s required? Proper prioritization of projects and long-overdue administrative reform. The money is there … in fact it’s always been there. Anyway, in addition to massive increases in funding for the S.C. Department of Transportation (SCDOT), lawmakers have approved an additional $2 billion for immediate road and bridge repairs. Fitsnews.com
Submitted 16 hours ago

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ATTICA SCOTT IS CHANGING THE GAME IN KENTUCKY POLITICS
Attica Scott is the newest face in Kentucky politics, and citizens of the state couldn’t be more proud. The former Louisville Metro Council member won the Kentucky Democratic Primary, sending her to the Kentucky house in January. It has been 20 years since a Black woman has served in the state’s legislature. In an interview with Huffington Post, Scott described her political success as “sweet.” The source.com
Submitted 17 hours ago

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4 things to know from day 2 of the Mike Hubbard trial
Associates and employees of indicted Alabama House Speaker Mike Hubbard took the witness stand on Wednesday in Hubbard's ethics trial. Some of the tidbits from the testimony: Lake house, farm and condo Chris Hines, former senior vice president at Hubbard's company, Auburn Network, testified for an hour. AL.com
Submitted 17 hours ago

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Consultant: No direct order to use party chairman's firm
OPELIKA, Ala. (AP) — A Florida political consultant testified Thursday that he believed he had to subcontract Alabama Republican Party campaign printing work back to a company owned by the party's chairman, but also said he had no direct orders to send the business there. Wacotrib.com
Submitted 17 hours ago

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Why Donald Trump Is Wrong About Manufacturing Jobs and China
Not long ago, a video mocking Donald Trump’s obsession with China was posted on YouTube, a mashup splicing together some two hundred and fifty instances in which he has said “China” during his speeches. The context of his remarks on the subject, inexorably, is this: “They’re stealing our jobs; they’re beating us in everything; they’re winning, we’re losing.” These sentiments have struck a chord with many struggling Americans, particularly those in the unemployed and underemployed working class. The New Yorker
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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     
According to Chinese theory, yin is a passive, negative force and yang is an active, positive force. Chinese philosophers believe that the opposing forces aren't really contradictory. Instead, they are interconnected and complimentary, interacting to create a balance in one's life. 
 
 Nashville Mayour Karl Dean
The Annie E. Casey Foundation's KIDS COUNT report was released in the summer quarter. I try to read it every time it comes out since I find it to be the best indicator of child poverty, a statistic everyone involved in economic development needs to be aware of. The Annie E. Casey Foundation is a charity that supports disadvantaged children. 
 


 

 

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