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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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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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How Nashville's Training a New Generation of Immigrant Leaders
Nashville, Tenn. -- One day this July, two dozen leaders from various immigrant communities here gathered in the Glencliff High School auditorium to learn how public education works in this fast-growing southern city. Governing.com
Submitted 1 hour ago

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SMALL-SCALE MANUFACTURERS: CREATING GOOD JOBS, GREAT PRODUCTS, AND VIBRANT NEIGHBORHOODS
Small-scale manufacturers like woodworkers, steel fabricators, hardware prototypers, microbrewers, and coffee roasters with regional distribution have emerged as a significant force in today’s urban economy. For many cities and neighborhoods suffering the loss of skilled-labor employers, this emerging, city-oriented industrial sector offers a powerful revitalization tool that can connect residents to good paying jobs and economic opportunity in the neighborhoods they call home. Smartgrowthamerica.org
Submitted 1 hour ago

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So Long to the City
At ABODO, our focus is usually on destinations: We help people who are moving find apartments in new cities. But what about the places they leave? According to the FiveThirtyEight, the average American moves over 11 times in his or her lifetime. That makes the United States’ population one of the world’s most mobile — especially Millennials, who made up 43% of all movers between 2007 and 2012 — even though internal migration has slowed dramatically over the last 40 years. Which of the U.S.’s cities are people leaving the fastest? Adobo.com
Submitted 1 hour ago

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How many jobs does clean energy create?
Declining costs of wind, solar power and energy efficiency is helping to drive a shift from fossil fuels generally — and coal in particular — to renewable energy and energy efficiency. From the first half of 2015 to the first half of 2016, renewable energy use rose by 9 percent while coal use in the U.S. dropped by 18 percent, according to the Energy Information Administration. Greenbiz.com
Submitted 1 hour ago

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Why U.S. shale producers are the biggest winner from OPEC’s oil deal
Major oil producers from around the globe managed to strike a deal to help the market find a balance between demand and a glut of supplies that has weighed on prices for more than two years. So far, the oil market has cheered the agreement, but the true winner may be the U.S. shale-oil industry. Marketwatch
Submitted 1 hour ago

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Alabama restaurant named one of the best in America for 2016
The influential food and dining website Eater has included Birmingham's Highlands Bar and Grill on its 2016 list of the 38 Best Restaurants in America. Eater restaurant editor Bill Addison recognized Highlands, a newcomer to his third annual list, as "a standard-bearer of Southern graciousness." Here is what Addison also wrote about Highlands: AL.com
Submitted 1 hour 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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