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Red state governors tout economic success of Medicaid expansion

Montana’s Gov. Steve Bullock presented a report in early January that shows Medicaid expansion has added $270 million to the state’s economy annually since its passage in 2015, according to The Great Falls Tribune. “I think that it’s time we finally fully recognize the value of Medicaid expansion is as much for Montana businesses as it … Continued
January 22, 2019

I-20/59 through downtown Birmingham closes for a year

The portion of Interstate 20/59 through downtown Birmingham has officially closed for a year of construction and repairs. The shutdown began Monday evening and includes the bridges through Birmingham’s central business district from the Interstate 65 interchange to the interchange at Red Mountain Expressway. The bridges through downtown are among the busiest stretches of highway … Continued
January 22, 2019

PCI investing heavily in out-of-state casinos using un-taxed dollars from Alabama

The Poarch Creek Indians are buying a billion-dollar casino in Pennsylvania using un-taxed dollars siphoned out of Alabama. PCI is paying $1.3 billion for the Sands Casino Resort Bethlehem in a bid to expand the tribe’s lucrative gaming syndicate beyond the borders of Alabama. According to lehighvalleylive.com, once the purchase is approved, the tribe, “plans to … Continued
January 17, 2019

More than 240 federal workers apply for unemployment compensation in Alabama as shutdown drags on

The true effects of the prolonged partial government shutdown are appearing as the impasse preventing funding for about a quarter of the federal government drags on toward its third week. The Alabama Department of Labor clarified Wednesday that furloughed federal employees meet state eligibility requirements. At least 240 federal workers have applied for unemployment compensation … Continued
January 10, 2019

Shipt inks major deal to anchor Birmingham’s tallest skyscraper

The Birmingham-based same-day delivery service Shipt is expanding in its hometown. Shipt announced plans this week to become the anchor tenant of Birmingham’s tallest skyscraper, Wells Fargo Tower, which will soon be renamed as Shipt Tower. Located at 420 20th Street North, Shipt plans to renovate the building as the company continues to grow following its $550 million acquisition … Continued
January 9, 2019

Nine stories to keep an eye on in 2019

9. Who will challenge Sen. Doug Jones in 2020? It may have been only a year ago that Doug Jones won in a historic victory that sent a Democrat from Alabama to the U.S. Senate for the first time in a quarter century, but he’s up for re-election in 2020. With that election just around the corner, … Continued
December 31, 2018

Dow gained over a thousand points Wednesday

Stocks rebounded Wednesday after getting hammered last week and on Christmas Eve. The Dow Jones Index gained 1086 points to close at 22,878. That is the largest points gained in a day for the index in history and was a 4.98 percent gain in value on the day. The move was broad-based and most indexes … Continued
December 27, 2018

46,330 more Alabamians had jobs in November than in 2017

The Alabama Labor Department announces that the state continues to break employment and job records. In November 2018, 2,128,082 people were counted as employed, an increase of 46,330 from November 2017. Wage and salary employment, which measures the number of jobs our economy is supporting, grew to 2,069,800, representing a yearly increase of 35,400 jobs. … Continued
December 26, 2018

Stocks plummet in December

Christmas Eve saw stocks crater. This followed losses on most major indexes last week. With just a few business days left this year could be the worst December for stocks in history. The Dow Jones Index hit a new 52 week low on Monday of 21,792.20. That is its lowest level since September 2017. The … Continued
December 25, 2018