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Can Tesla Be More Valuable Than GM?
Tesla Motors Inc.’s (NASDAQ: TSLA) market capitalization is $35 billion. That of General Motors Co. (NYSE: GM) is $55 billion. Can Tesla pass GM by this measure? It is not out of the question, because Tesla’s shares are surging and GM’s legal woes due to recalls and the impact this could have on earnings are not over. 247wallst.com
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States Where Government Aid Goes the Furthest
Home to seven of the richest counties in the country, the Washington, D.C., region is one the wealthiest in the nation. As such, homes are expensive -- the median price is north of $300,000 -- and niche services like doggy day care and slumber party planners abound. The same is true for other major metropolitan areas like New York and San Francisco, where housing stock is even more expensive than Washington's. Governing.com
Submitted 1 hour ago

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Dollar gains as US manufacturing booms
Fresh signs of strength in the US economy offered support to the dollar as it climbed to multi-month highs and maintained pressure on Treasury bond prices and gold, although equity markets struggled for traction ahead of a number of key risk events later this week. ft.com
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Wage growth in the U.S. is stuck in the 70s
When Jamaad Reed started his job as a cashier at a Walmart near Cincinnati, he made $8.15 an hour. That was two years ago. Since then, he has seen a couple of raises, which have meant his wage has kept up with inflation — but just barely. As of March of this year, Reed was making $9.05 an hour. “I'm stuck,” he told me recently. “You know what I'm saying? I feel like I'm stuck in the same spot.” Marketplace.org
Submitted 2 hours ago

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The 13 Highest-Paying Jobs For People Who Don't Want To Sit At A Desk All Day
Sitting in a cubicle all day can be depressing, but the sad truth is that the vast majority of high-paying, stable jobs require people to mostly stay chained to their desk. Business Insider
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What, exactly, does "Made in the USA" mean?
Labor Day is a day to honor the American worker. And a day, if retailers have their way, for us to go shopping. So it’s no surprise that there are companies out there, like Walmart, advertising goods that are “Made in the USA.” Walmart says that when customers are deciding what to buy, where a product was made is second only in importance to how much it costs. “Made in America is a very important consideration for many Americans,” said Michelle Amazeen, an advertising and legal studies professor at Rider University. Marketplace.org
Submitted 2 hours ago

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Obama Renews Call to Increase Pay Floor
The White House and union leaders used the Labor Day weekend to reinvigorate efforts to raise the minimum wage. Legislation to lift the federal pay floor from $7.25 an hour stalled in Congress this spring, but Democrats hope the issue will resonate with voters in November, especially in states with closely contested Senate races. Wall Street Journal
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U.S. economy still hitting speed bumps
The U.S. economy is motoring ahead of the rest of the world and generating the best job growth in years, but the ride is still not free of bumps. The latest jolt came from a report last week that showed consumer spending fell in July for the first time in six months. Soft spending has been a hallmark of a five-year-old recovery that’s been far weaker than is typically the case after a recession. Marketwatch.com
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The US manufacturing sector is booming!!!
Last month US manufacturing expanded at the fastest rate since March 2011, according to a fresh report from the ISM. The headline index rose to 59 in August vs. 57 expected and 57.1 prior. tradingfloor.com
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Reshoring Or Offshoring: U.S. Manufacturing Forecast 2015-2016
Manufacturing is a tough, competitive business. Shipping across oceans has become cheap, as has international communication, so offshoring, reshoring or never changing are vital decisions. The outlook for manufacturing activity in the United States depends on many factors, including the overall state of the economy. In this article, though, I focus on the offshoring/reshoring issue: where will manufacturing activity take place in the coming years? Forbes
Submitted 2 hours ago

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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

The America South is home to almost as many residents as the Northeast and the Midwest combined, but even that statistical record is about to be broken. According to a new Census Bureau study that came out in April, 51 percent of the nation's population jump occurred in the South from 2010 to 2013.
 

 Randle Report - Business News in the South

 FEATURE  
By Stacy Randle
Demographer Wendell Cox recently analyzed the largest gains in holders of bachelor's and post-graduate degrees between 2007 and 2012 in the 51 metro regions in the U.S. of 1 million residents or more. The results were published in Forbes magazine and the South dominated the ranking.
 

 Business News in the South - Randle Report

FEATURE     
By Mike Randle
There are numerous factors driving the new industrial revolution in the South. And it is a revolution, as this manufacturing surge that began in 2007 continues to break records year after year in the total number of large, capital intensive projects. One factor, of course, is that reshoring of facilities back to the U.S. continues to grow each year.
 
 Nashville Mayour Karl Dean

We try to change up the categories in our annual Ten Top 10s section, but we always include the "Ten People Who Made a Difference" category. This year though, we are honoring 12 and you will learn why by reading about this group of folks who have made a difference in the South. Here is our annual list that includes executives, economic developers and politicians who have made a difference in the South's economy.


 


 

 

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