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Fair or foul? Regulators to decide if Entergy customers should pay for $140M mistake
Rarely is a Louisiana Public Service Commission meeting as significant in scope as the discussion and vote Wednesday on two Entergy requests: that its customers pay for a $140-million mistake at nuclear power plant and permission to build a new natural gas-fueled plant. Some of the giants of Louisiana industry have lined up in opposition to Entergy’s requests. Atypically, the five PSC commissioners have been circumspect in conversations over the past weeks about their leanings on either issue. The Advocate
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Moving manufacturing jobs to Mexico isn't a bad thing
It isn't news that there has been a drop in manufacturing employment. In fact, those jobs have been in decline since the 1970s, and have dropped by 5 million since 2000. But what may come as a surprise is that the jobs that have left the United States and relocated south of the border have actually benefited workers in the United States. In order to produce commodities, Mexico needs to consume a chunk of good from the U.S. About 40 cents of every dollar that the United States imports from Mexico comes from the U.S. Marketplace.com
Submitted 6 minutes ago

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LOUISIANA, ITS FLOODS, AND THE PRESIDENTIAL QUESTION
The issue of federal response to natural disasters is, for obvious reasons, a touchy one in South Louisiana. It’s been more than a decade, but memories of the federal government’s botched response to Hurricane Katrina still vex many residents. In President Obama’s seemingly nonchalant attitude, many saw a reminder of President George W. Bush’s ineptitude in the days following that deadly hurricane. The comparison seems unfair based on the facts. Obama apparently stayed in close contact with Louisiana’s Governor John Bel Edwards, who, concerned about diverting resources to cope with the Presidential entourage, said he was O.K. with Obama holding off on a visit. In stark contrast to the delays, red tape, and managerial incompetence that snarled the federal response to Katrina, Louisiana officials of both parties have praised the initial federal response to this month’s flood. Craig Fugate, the administrator of the Federal Emergency Management Agency, was on site almost immediately, and more than a thousand fema staff members were deployed in the days after the storm. Jeh Johnson, the Secretary of Homeland Security, also toured the region. The New Yorker
Submitted 12 minutes ago

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The ‘Forgotten People’ Of New Orleans’ Upper 9th Ward
NEW ORLEANS — Eleven years after Hurricane Katrina, abandoned, flood-damaged homes with shattered windows, buckled walls and crumbling rooftops can still be found throughout New Orleans’ 9th Ward. The blighted houses are constant reminders of the storm that claimed nearly 2,000 lives. And they’re an eyesore to residents of the predominantly African-American neighborhood near the heart of the historic French Quarter. Huffington Post
Submitted 15 minutes ago

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This Is What City Flood Cleanup Looks Like
Flood waters haven’t completely receded in southern Louisiana, but the owners of over 40,000 flood-damaged homes and businesses in Baton Rouge and East Baton Rouge parishes are already gutting buildings and fighting the mold as best they can. It’s a massive, depressing task, and it’s taking a toll. Over 100,000 people have applied for aid in the form of food stamps and car rentals. Thousands of people have been displaced to shelters, or friend’s couches. And all the while, they’re always in view of the destruction. Streets are lined with piles of debris — washing machines, rolls of carpet, family cars — that municipalities are in the long slog of hauling to the dump. Nextcity.org
Submitted 18 minutes ago

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EDITORIAL: Have Rome and Floyd County lost their economic luster?
Over the years when Rome and Floyd County were discussed in economic development meetings, the most common response was “Rome is the best kept secret in Georgia.” Northwestgeorgianews.com
Submitted 21 minutes ago

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Economic development officials say time to look at new ways to attract manufacturers
Rome City Commissioner Craig McDaniel was heavily involved in economic development efforts before he retired as president of Georgia Northwestern Technical College, operating then as Coosa Valley Technical College. He’s one of several local officials saying more incentives are needed to attract new industries to the county following a dry spell of more than a decade. Northwestgeorgianews.com
Submitted 24 minutes ago

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Coca-Cola Bottling Co. subsidiary to hire 300, expand N.C. facilities
The trucking subsidiary of Charlotte-based Coca-Cola Bottling Co. Consolidated is adding almost 300 employees in Charlotte as it expands its office in south Charlotte. Red Classic, the transportation, logistics and fleet maintenance company of Coke Consolidated, will add 16,000 square feet to its building at 1800 Continental Blvd., says Brooks Dauterive, marketing manager for the company. Triangle Business Journal
Submitted 30 minutes ago

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Voting rights under attack in Missouri
On August 28, we commemorate the March on Washington and the historic victories it led to for our democracy as a whole, and people of color in particular. As we celebrate, however, we are painfully aware that the attacks on our freedom, attacks on our democracy, and attacks on our rights as citizens are not only something we read about in text books. These attacks are all too real today. Stlamerican.com
Submitted 36 minutes ago

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Seeing Red in North Carolina
RALEIGH, North Carolina – The heat index on this August afternoon is 103 degrees, yet more than 50 protesters are gathered around a pony keg-sized jug of green earplugs in front of the North Carolina governor's mansion. After a few minutes, the air fills with an ear-splitting racket – a cacophony created by clanging trash can lids, off-tune tubas and industrial air horns, all aimed at making life as uncomfortable for Republican Gov. Pat McCrory as the protesters believe he has made it for residents of North Carolina. US News & World Report
Submitted 42 minutes ago

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Features & Opinion

 Randle Report - Business News in the South

For those who still languish over "losing to China" or believe that the economy is still in recession, wake up and smell the data. Economic development in the South was about as good as it gets in calendar year 2015 according to the data. And as for China, borrowing a quote from the late football coach Bear Bryant that he made in the half-time locker room down 15-0 to Georgia Tech in 1960, "We got 'em right where we want 'em." For those of you who don't know the rich history of Alabama Crimson Tide football, Bama scored all of its 16 points in the fourth quarter, kicking a field goal on the last play of the game to beat Tech 16-15.
 

 Randle Report - Business News in the South

 FEATURE  
By Mike Randle
Today, factories in the U.S. make twice as much product as they did in 1984. And they are doing it with one-third of the manufacturing workforce. In fact, the output of durable goods in 2015 was the highest in the nation's history. So, we do have a strong manufacturing base, at least in the South, much of the Midwest and parts of the West, and it is getting stronger because on a cost-basis, we can compete with any major manufacturing nation in the world.  
 

 Randle Report - Business News in the South

FEATURE     
The argument for or against a minimum wage hike continues between the reds and the blues, as well as within the economic development community in the South. Should we stay the course with a minimum wage under $8 an hour to better compete with Mexico, the South's biggest competitor for jobs, or set a minimum wage just over $10 an hour, a wage floor most centrists support? That $10 per hour is, according to the MIT Living Wage Calculator, about right in most states in the South for one adult to be able to cover basic expenses plus all relevant taxes.
 
 Randle Report - Business News in the South
Recent data from the Computing Technology Industry Association (Comp TIA) showed that the technology industry is one of the fastest growing job generators in the South and the nation. The report also indicated that technology job compensation is growing faster than any other sector.
 


 

 

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