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US MANUFACTURING SLOWS
The preliminary results of Markit's monthly U.S. manufacturing Purchasing Managers Index survey point to a larger-than-expected slowdown in the pace of expansion in manufacturing output this month. Business Insider
Submitted 2 years 364 days ago

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Here Are The Fastest-Growing Moving Destinations In America, See Which are Southern
Bloomberg has very quietly been building an outstanding data visualization widget that looks at everything from sports to weed to rent to food. Regular BI readers know that one of your favorite topics is popular moving destinations. Business Insider
Submitted 2 years 364 days ago

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Paying more at the pump? Blame ethanol prices!
The average cost of a gallon of regular gasoline in the U.S. rose 5 cents, to $3.56, during the past two weeks. That's according to a survey released Sunday. Industry analyst Trilby Lundberg says the increase stems from a jump in the price of ethanol used to make gasoline. CNBC
Submitted 2 years 364 days ago

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Oman Oil Company Oxea Begins Engineering Of Bay City, Texas, 2-Ethylhexanol and Propanol Facility
Global chemical company, Oxea, owned by Oman Oil Company, started basic engineering for a 2-Ethylhexanol and Propanol unit at its world-scale production plant at Bay City, Texas. Both units are scheduled to be operational in late 2016. Area Development
Submitted 2 years 364 days ago

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Oil Spill Cleanup Continues Off Texas Gulf Shore - Houston Ship Channel To Remain Shut 'Until Clean Water Is Assured'
TEXAS CITY, Texas (Reuters) - Four skimming boats surrounded a partially submerged barge on Sunday at the entrance to the Houston Ship Channel, working to clean up fuel spilled from the vessel into Galveston Bay after a Saturday collision with a cargo ship, according to a Reuters eyewitness. ibtimes.com
Submitted 2 years 364 days ago

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New Study Probes Gulf Oil Spill's Impact
A research team that includes Chris Horrell, a Historic Preservation Officer and Senior Marine Archaeologist for the federal Bureau of Safety and Environmental Enforcement, has been visiting Gulf of Mexico shipwreck sites this month as its members try to determine how oil spilled after the Deepwater Horizon explosion in 2010 is affecting organisms living on them. All six shipwrecks -- three wooden-hulled sailing ships dating to the 19th century (Ewing Bank wreck, Viosca Knoll wreck, and Mica wreck) and three World War II-era steel-hulled vessels (Halo, Anona, and U-166) -- are relatively close to the Macondo well site where the spill occurred, and they all were discovered and examined before the spill by archaeologists. eponline.com
Submitted 2 years 364 days ago

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Restoring the Gulf of Mexico discussed at Houston summit this week
Science, conservation and business experts are gathering in Houston this week to discuss the Gulf of Mexico’s current state and the challenges of balancing its environmental health with its role as an economic engine. Times-Picayune
Submitted 2 years 364 days ago

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Texas Oil Spill Cleanup Impedes Major Ship Channel
TEXAS CITY, Texas (AP) — A barge that once carried some 900,000 gallons of heavy tar-like oil was cleared Sunday of its remaining contents, a day after the vessel collided with a ship in the busy Houston Ship Channel and leaked as much as a quarter of its cargo into the waterway. Huffington Post
Submitted 2 years 364 days ago

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NC drops coal ash settlement, says it will fight for cleanup in court
N.C. environmental officials have withdrawn a controversial court settlement of coal ash issues proposed last summer with Duke Energy and say they will now prosecute civil actions to force the cleanup of ash ponds at 14 sites across the state. Triangle Business Journal
Submitted 2 years 364 days ago

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Houston Ship Channel blocked after weekend oil spill
U.S Coast Guard and several Texas state agencies were working in the Houston Ship Channel Monday morning, cleaning up an oil spill from March 22 that could have released as much as 168,000 gallons of oil into the channel. Houston Business Journal
Submitted 2 years 364 days ago

 

 

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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