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Historic offshore lease near U.S./Mexico border to benefit South Texas
A historic offshore oil lease near the U.S./Mexico border is expected to benefit ports and cities along the Texas Gulf Coast. Earlier this morning, Mexico's Comisión Nacional de Hidrocarburos awarded BHP Billiton (NYSE: BHP) an offshore farmout for the deep water Trion oil field. Located in the Gulf of Mexico about 120 miles southeast of Brownsville, the Trion field is roughly 8,200 feet deep and is believed to contain 485 millions of barrels of oil equivalent in reserves. San Antonio Business Journal
Submitted 2 minutes ago

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Historic offshore lease near U.S./Mexico border to benefit South Texas
A historic offshore oil lease near the U.S./Mexico border is expected to benefit ports and cities along the Texas Gulf Coast. Earlier this morning, Mexico's Comisión Nacional de Hidrocarburos awarded BHP Billiton (NYSE: BHP) an offshore farmout for the deep water Trion oil field. Located in the Gulf of Mexico about 120 miles southeast of Brownsville, the Trion field is roughly 8,200 feet deep and is believed to contain 485 millions of barrels of oil equivalent in reserves. San Antonio Business Journal
Submitted 3 minutes ago

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Louisiana ranked as top business climate for construction
Louisiana was ranked as the best place for commercial and industrial contractors to do business, according to ranking from the Associated Builders and Contractors. The report looks at a variety of factors, such as construction job growth over the past five years, the quality of career and technical education opportunities, workforce development, prevailing wage laws, public-private partnerships and data related to union membership. John Walters, ABC of Louisiana’s vice president of governmental relations, credited lawmakers with supporting right-to-work laws and workforce development initiatives. The Advocate
Submitted 5 minutes ago

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Verizon adding 300 jobs at Alabama call center
Verizon Wireless is planning to hire 300 new employees for its customer service call center at 475 Quality Circle facility in Huntsville. The move comes after the company announced in October it would be moving 175 positions from its government customer operations division, or GCO, in Huntsville to a facility in Hanover, Maryland. While that move is expected to take place in January, while the new Huntsville hires will occur over the next year. Employees affected by the GCO relocation are able to apply for the new customer service positions in Huntsville. Birmingham Business Journal
Submitted 13 minutes ago

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120 S.C.-built BMWs headed for export damaged in train derailment
JENKINSVILLE - More than 100 BMWs headed for export were damaged Sunday when the freight train carrying them derailed in Fairfield County. The 120 X Models were being shipped from BMW's Greer plant to the Port of Charleston. They were damaged when 12 Norfolk Southern train cars derailed in Jenkinsville. No people were injured in the derailment. Greenville News
Submitted 33 minutes ago

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Trump Can Fix The Economy By Embracing Biotech
The presidential campaign made one fact very clear. Most of the media and public aren't focused on economic growth. Growth powers and funds everything else. Just take a look at the enormous federal deficit and you’ll see that economic health keeps taking a back seat to short-term goals. Yes, John Maynard Keynes made a case for using debt to stimulate the economy. But he never said anything about permanent deficits. And that is our current practice. The result is that taxpayers’ options will be curtailed in the future. Forbes
Submitted 43 minutes ago

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Nucor announces $130 million hollow-steel company acquisition
Continuing a string of recent acquisitions and targeted expansions, Nucor Corp. says it has agreed to buy Southland Tube of Birmingham, Ala., for $130 million. Charlotte Business Journal
Submitted 47 minutes ago

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We Rate Alabama The Strongest Team In College Football History
The SEC Championship game on Saturday saw Alabama beat Florida to win the conference, as well as a spot in the College Football Playoff. Lower down the list of accolades was one we’d been following over the past month or so: The Crimson Tide became the greatest college team of the past 80 years, according to FiveThirtyEight’s Elo power rating. Fivethirtyeight.com
Submitted 51 minutes ago

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America’s male employment crisis is both urban and rural
In the wake of the 2016 presidential election, many analysts have interpreted Donald Trump’s victory as the product of economic anxiety among the white working class—particularly in the smaller towns and rural areas that provided his electoral margin in closely contested states like North Carolina, Michigan, Pennsylvania, and Wisconsin. Brookings.edu
Submitted 55 minutes ago

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Elon Musk's SpaceX Plans to Provide 200x Better Internet Globally
It seems Elon Musk is not just all about cars and space colonization. SpaceX's latest mission is what appears to be an ambitious undertaking that aims to enclose the planet with high-speed internet coverage 200 times faster than the one we have today. According to the SpaceX subreddit, the company has just filed quite a lengthy application with the Federal Communications Commission on November 15 to launch 4,425 satellites. Natureworldnews.com
Submitted 59 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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