Fate of the States: The New Geography of American Prosperity (24 page)

20.
  Public Works Financing, Vol. 253, October 2010 Issue, http://www.pwfinance.net/pwf_major_projects.pdf; Privatization Barometer, http://www.privatizationbarometer.net/database.php.

21.
  Ryan Holeywell, “Engineers: U.S. Needs to Invest $1 Trillion More in Infrastructure,”
Governing,
January 16, 2013, http://www.governing.com/blogs/fedwatch/gov-report-details-under-investment-in-infrastructure.html.

22.
  Keith Benman, “Indiana Toll Road Rate Increase Hits Sunday,”
nwitimes.com,
June 27, 2012, http://www.nwitimes.com/business/local/indiana-toll-road-rate-increase-hits-sunday/article_8df15891-b27b-579a-b3af-36f158b43b1d.html.

23.
  Ryan Holeywell, “The Indiana Toll Road.”

Chapter 7: A New Map of Prosperity

1.
  Jeff Harrington, “Unable to Find Workers, Tampa’s Sykes Will Close North Dakota Call Center,”
Tampa Bay Times,
March 13, 2009, http://www.tampabay.com/news/business/unable-to-find-workers-tampas-sykes-will-close-north-dakota-call-center/983528.

2.
  U.S. Department of Commerce, Bureau of Economic Analysis, Regional Data: GDP and Personal Income Growth, http://www.bea.gov/iTable/iTable.cfm?reqid=70&step=1&isuri=1&acrdn=1#reqid=70&step=4&isuri=1&7001=1200&7002=1&7003=200&7090=70; Meredith Whitney Advisory Group.

3.
  Mark J. Perry, “U-Haul Rates Confirm the Great California Exodus,”
Carpe Diem,
April 21, 2012, http://mjperry.blogspot.com/2012/04/u-haul-rates-confirm-california-exodus.html.

4.
  Sarah Wolfe, “New $304 Million Apple Campus Planned in Austin, Texas,”
Global Post,
March 9, 2012, http://www.globalpost.com/dispatch/news/regions/americas/united-states/120309/new-304-million-apple-campus-planned-austin-texas; “Web Services Firm Plans Downtown Office, 300 Jobs,”
Indianapolis Business Journal,
August 22, 2012, http://www.ibj.com/web-services-firm-plan-downtown-office--300-jobs/PARAMS/article/36239.

5.
  Steve Hargreaves, “California Could Be Next Oil Boom State,”
CNNMoney,
January 15, 2013, http://money.cnn.com/2013/01/14/news/economy/california-oil-boom/.

6.
  Joel Kotkin, “Is Energy the Last Good Issue for Republicans?”
Daily Beast,
March 1, 2012, http://www.thedailybeast.com/articles/2012/03/01/is-energy-the-last-good-issue-for-republicans.html.

7.
  Joel Kotkin, “Silicon Valley Can No Longer Save California—or the U.S.,”
Forbes,
October 12, 2011, http://www.forbes.com/sites/joelkotkin/2011/10/12/silicon-valley-no-longer-save-california-or-america/2/.

8.
  U.S. Department of Commerce, Bureau of Economic Analysis, Regional Data: GDP and Personal Income, http://www.bea.gov/iTable/iTable.cfm?reqid=70&step=1&isuri=1&acrdn=1#reqid=70&step=1&isuri=1; Meredith Whitney Advisory Group, “Tragedy of Commons Third Edition: 2012 Update,” p. 44.

9.
  Alessandro Torello, “Cheap U.S. Gas Is Europe’s Loss,”
Wall Street Journal,
October 24, 2012, http://online.wsj.com/article/SB10001424052970203897404578076563979761862.html.

10.
  Matthew L. Wald, “U.P.S. Finds a Substitute for Diesel: Natural Gas, at 260 Degrees Below Zero,”
Green,
New York Times,
February 22, 2011, http://green.blogs.nytimes.com/2011/02/22/u-p-s-finds-a-substitute-for-diesel-natural-gas-at-260-degrees-below-zero/.

11.
  Ian M. Taplin,
Sociation Today
, Vol. 10, No. 1, “The Changing North Carolina Workplace,” 2012, http://www.ncsociology.org/sociationtoday/v101/ncjobs.htm.

12.
  David Barboza, “China’s Exports Perch on Uncertain Truck System,”
New York Times
, April 28, 2011, http://www.nytimes.com/2011/04/29/business/global/29truckers.html?pagewanted=all&_r=0.

13.
  Federal Reserve Bank of New York, “Quarterly Report on Household Debt and Credit,” November 2012, http://www.newyorkfed.org/research/national_economy/householdcredit/DistrictReport_Q32012.pdf; U.S. Department of Commerce, U.S. Census Bureau, Population Estimates, 2012 State Total Population Estimates, http://www.census.gov/popest/; U.S. Department of Commerce, Bureau of Economic Analysis, Regional Data, GDP & Personal Income, Quarterly State Personal Income, http://www.bea.gov/iTable/iTable.cfm?reqid=70&step=1&isuri=1&acrdn=3#reqid=70&step=1&isuri=1; Meredith Whitney Advisory Group.

Chapter 8: State Arbitrage

1.
  Matt Townsend, “Under Armour Plans to Dethrone Nike, Jordan in Basketball Shoes,”
Bloomberg,
October 22, 2010, http://www.bloomberg.com/news/2010-10-22/under-armour-ceo-plank-plots-to-dethrone-nike-jordan-in-basketball-shoes.html.

2.
  U.S. Department of Commerce, U.S. Census Bureau, “Housing Vacancies and Homeownership: Historical Tables,” http://www.census.gov/housing/hvs/data/histtabs.html; U.S. Department of Labor, Bureau of Labor Statistics, Archived News Releases|Regional and State Employment and Unemployment, http://www.bls.gov/schedule/archives/laus_nr.htm; Federal Housing Finance Agency, Downloadable Data, Purchase Only Indexes: U.S. Summary through 2012Q4, http://www.fhfa.gov/Default.aspx?Page=87, http://www.fhfa.gov/webfiles/24974/4q12POSummary.xls.

3.
  Tax Foundation, “State and Local Tax Burdens: All States, One Year, 1977–2010,” http://taxfoundation.org/article/state-and-local-tax-burdens-all-states-one-year-1977-2010, data retrieved from: http://interactive.taxfoundation.org/burdens/burdensdata.php?state=all&mode=all_states_one_year&format=csv; Federal Housing Finance Agency, Downloadable Data, Purchase Only Indexes: U.S. Summary Through 2012Q4, http://www.fhfa.gov/Default.aspx?Page=87, http://www.fhfa.gov/webfiles/24974/4q12POSummary.xls.

4.
  California Taxpayers Association, “Proposition 30: Retroactive Income Tax Increase with Penalty Relief; No Relief for Government on Sales Tax Hike,” November 16, 2012, http://www.caltax.org/homepage/111612_prop_30.html.

5.
  Susan Guyett, “Indiana Becomes 23rd ‘Right-to-Work’ State,” Reuters,
February 1, 2012, http://www.reuters.com/article/2012/02/01/us-unions-indiana-righttowork-idUSTRE81018920120201.

6.
  Richard Vedder, Matthew Denhart, and Jonathan Robe, “Ohio Right-To-Work: How the Economic Freedom of Workers Enhances Prosperity,” Buckeye Institute for Public Policy Solutions, March 2012. http://www.buckeyeinstitute.org/uploads/files/BUCKEYE-ohio-right-to-work-rev2012-3.pdf.

7.
  Meredith Whitney Advisory Group, “Tragedy of Commons Third Edition: 2012 Update,” p. 9, Right-to-Work States; U.S. Department of Labor, Bureau of Labor Statistics, Archived News Releases|Regional and State Employment and Unemployment, http://www.bls.gov/schedule/archives/laus_nr.htm; National Right to Work; U.S. Bureau of Economic Analysis, Regional Data, GDP and Personal Income, Gross Domestic Product by State, http://www.bea.gov/iTable/iTable.cfm?ReqID=70&step=1#reqid=70&step=1&isuri=1.

8.
  Jim Kinney, “Connecticut and Massachusetts Businesses Have Considered Moving: Survey,”
MassLive.com
, June 26, 2011, http://www.masslive.com/business-news/index.ssf/2011/06/connecticut_and_massachusetts_businesses.html.

9.
  U.S. Department of Commerce, U.S. Census Bureau, “Geographical Mobility/Migration: State-to-State Migration Flows, Tables: State-to-State Migration Flows 2009 and 2010,” http://www.census.gov/hhes/migration/data/acs/state-to-state.html.

10.
  Federation of Tax Administrators, “State Individual Income Taxes (Tax Rates for Tax Year 2013—as of January 1, 2013),” January 2013, http://www.taxadmin.org/fta/rate/ind_inc.pdf.

11.
  U.S. Department of Labor, Bureau of Labor Statistics, Archived News Releases|Regional and State Employment and Unemployment, 2007 and 2012, http://www.bls.gov/schedule/archives/laus_nr.htm.

12.
  Ernst & Young LLP, “Ernst & Young LLP’s 2012 US Investment Monitor Shows Increased Investment in New Facilities and Jobs,” May 24, 2012, http://www.ey.com/US/en/Newsroom/News-releases/Ernst---Young-LLPs-2012-US-Investment-Monitor-shows-increased-investment-in-new-facilities-and-jobs.

13.
  Moody’s Investors Service, 2011 State Debt Medians Report, http://www.governing.com/gov-data/economy-finance/state-debt-per-capita-figures.html; Governing, State Debt per Capita, http://www.governing.com/gov-data/economy-finance/state-debt-per-capita-figures.html.

14.
  Micki Maynard, “Indiana Gets a $400 Million Infusion from Toyota,”
Changing Gears,
February 8, 2012, http://www.changinggears.info/2012/02/08/indiana-gets-a-400-million-infusion-from-toyota/.

15.
  Roxana Hegeman, “Boeing to Close Historic Wichita Plant by End of 2013,”
USA Today,
January 4, 2012, http://usatoday30.usatoday.com/money/industries/manufacturing/story/2012-01-04/boeing-plant-closing-wichita-kansas/52377688/1.

16.
  Louise Story, “Lines Blur as Texas Gives Industries a Bonanza,”
New York Times,
December 2, 2012, http://www.nytimes.com/2012/12/03/us/winners-and-losers-in-texas.html?pagewanted=all.

17.
  “Globalstar Announces Relocation of Its Corporate Headquarters to Louisiana from California,”
Louisiana Economic Development,
July 13, 2010, http://www.louisianaeconomicdevelopment.com/led-news/news-releases/globalstar-announces-relocation-of-its-corporate-headquarters-to-louisiana-from-california.aspx.

18.
  Rick Rothacker, “Chiquita Moving HQ to North Carolina from Ohio,”
Reuters,
November 29, 2011, http://www.reuters.com/article/2011/11/30/chiquita-hq-idUSN1E7AS1N820111130.

19.
  Monica Davey, “Questions Persisting as Illinois Raises Taxes,”
New York Times,
January 12, 2011, http://www.nytimes.com/2011/01/13/us/13illinois.html?.

20.
  Markos Moulitsas, “Democratic Illinois Economically Outpaces Scott Walker’s Wisconsin,”
Daily Kos,
April 20, 2012, http://www.dailykos.com/story/2012/04/20/1085039/-Democratic-Illinois-economically-outpaces-Scott-Walker-s-Wisconsin.

21.
  Mitch Daniels, in conversation with Meredith Whitney, May 18, 2012.

22.
  U.S. Department of Commerce, U.S. Census Bureau, “State Government Finances: Historical Data: 2010,” http://www.census.gov/govs/state/historical_data_2010.html; U.S. Department of Commerce, U.S. Census Bureau, “State Government Finances: Historical Data: 2006,” http://www.census.gov/govs/state/historical_data_2006.html; Governing, State Debt per Capita, http://www.governing.com/gov-data/economy-finance/state-debt-per-capita-figures.html; Moody’s Investors Service, 2011 State Debt Medians Report, http://www.governing.com/gov-data/economy-finance/state-debt-per-capita-figures.html; Meredith Whitney Advisory Group, “Tragedy of the Commons Third Edition: 2012 Update,” p. 7.

23.
  Mitch Daniels, in conversation with Meredith Whitney, May 18, 2012.

24.
  Michelle Celarier, “Home Is Where . . . ,”
New York Post,
July 27, 2012, http://www.nypost.com/p/news/business/home_is_where_KMF2T2RLPYc2KRvkXHNyyK.

25.
  Janet Zink, “Gov. Rick Scott on a Mission to Repeal 1,000 State Rules,”
Tampa Bay Times
, September 5, 2011, http://www.tampabay.com/news/politics/gubernatorial/gov-rick-scott-on-a-mission-to-repeal-1000-state-rules/1189933.

26.
  Rick Scott, in conversation with Meredith Whitney, August 7, 2012.

27.
  “Pilot Pen Moving Headquarters to Jacksonville,”
Jacksonville
Business Journal,
September 8, 2008, http://www.bizjournals.com/jacksonville/stories/2008/09/08/daily5.html.

28.
  Tax Foundation, “State and Local Tax Burdens: All States, One Year, 1977–2010,” http://taxfoundation.org/article/state-and-local-tax-burdens-all-states-one-year-1977-2010, data retrieved from: http://interactive.taxfoundation.org/burdens/burdensdata.php?state=all&mode=all_states_one_year&format=csv.

29.
  Colin Pope, “Apple to Build $304M Campus, Hire 3,600 in Austin,”
Austin Business Journal,
March 9, 2012, http://www.bizjournals.com/austin/news/2012/03/09/apple-to-build-304m-campus-hire.html.

30.
  Jeff Adkins, “eBay Creating 1,000 Jobs in Austin, TX,”
BusinessClimate.com,
October 10, 2012, http://businessclimate.com/texas-economic-development/ebay-creating-1000-jobs-austin-tx.

31.
  Tom Gray and Robert Scardamalia, “The Great California Exodus: A Closer Look,” Manhattan Institute for Policy Research, September 2012, http://www.manhattan-institute.org/html/cr_71.htm#.URBBNh3Ac9U.

32.
  U.S. Department of Commerce, U.S. Census Bureau, Geographical Mobility/Migration: State-to-State Migration Flows, Tables: State-to-State Migration Flows 2005–2009 and 2010,http://www.census.gov/hhes/migration/data/acs/state-to-state.html.

33.
  Tami Luhby, “California Companies Fleeing the Golden State,”
CNNMoney,
July 12, 2011, http://money.cnn.com/2011/06/28/news/economy/California_companies/index.htm.

34.
  J. P. Donlon, “Another Triumph for Texas: Best/Worst States for Business 2012,”
Chief Executive,
May 2, 2012, http://chiefexecutive.net/best-worst-states-for-business-2012.

35.
  Sheryl Jean, “Dallas Fed President Richard Fisher: Texas Jobs Have Grown Across All Income Categories, Outpacing U.S. Job Growth,”
Dallas Morning News,
December 18, 2012, http://bizbeatblog.dallasnews.com/2012/12/dallas-fed-president-richard-fisher-texas-jobs-growing-across-all-income-categories-outpacing-u-s-job-growth.html/.

36.
  Federal Housing Finance Agency, House Price Indexes, State HPI Comparisons, California and Texas, http://www.fhfa.gov/Default.aspx?Page=215&Type=compare&Area1=CA&Area2=TX&Area3=.

37.
  Jon Birger, “How Jeffery Boyd Took Priceline from Dot-bomb to Highflier,”
CNNMoney,
September 11, 2012, http://tech.fortune.cnn.com/2012/09/11/priceline-jeffery-boyd/.

38.
  Arthur Laffer, interview by Meredith Whitney, June 14, 2012.