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It's A Stock Market Stampede
One of the big stories of the year is the incredible return of investor money to US stocks. After the financial collapse, we saw a huge reluctance among investors to put money into equities, as they instead preferred bonds, or emerging market assets. That's all changing this year, as the market hits record highs, and squashes the skeptics. Business Insider
Submitted 3 years 41 days ago

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Ron Paul to start his own media channel
Ron Paul, a former U.S. representative for the Houston area and a former presidential candidate, has decided to launch his own media channel. Houston Business Journal
Submitted 3 years 41 days ago

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Dallas-area housing market hits an all-time high in first half of 2013
For sale signs line two houses in the M Streets neighborhood of Dallas. With Dallas-area home prices in many neighborhoods up by 10 percent or more so far this year, 2013 is shaping up to be one of the best years for the local housing market in decades. Dallas Morning News
Submitted 3 years 41 days ago

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'Flushable' disinfecting wipes are clogging the nation’s sewer systems
Disinfecting toilet wipes may feel soft on the skin, but they’re really rough on sewage infrastructure. Grist
Submitted 3 years 41 days ago

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$10.20 Per Hour Needed To Survive Even In America's Cheapest County
Nowhere in America does a dollar go farther than in Hanson County, South Dakota. But even there, a worker still needs to earn nearly $3 more than the minimum wage to get by. Dawn Holmberg, a 43-year-old single mom living just west of Hanson County, knows all too well how to make a dollar stretch as far as it can. She works as a cashier earning $10.50 an hour. That's more than the minimum wage, but nearly $7 less than what it takes for a worker with one kid to afford basic expenses in the region, according to an analysis produced for The Huffington Post by Wider Opportunities for Women, a non-profit advocacy organization aimed at boosting low-income women and families. Huffington Post
Submitted 3 years 41 days ago

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VW official proposes talks about possible works council at Chattanooga plant
The head of Volkswagen's global works council says he's willing to engage in "confidential talks" with Republican U.S. politicians who are worried about such a panel being set up at VW's Chattanooga plant. "I am happy to sit down with the Republican politicians around the table to hear where their concerns lie," Bernd Osterloh told the German daily newspaper Handelsblatt on Monday. Osterloh, who also sits on the German automaker's powerful supervisory council, added that whether VW's Chattanooga workers pick the United Auto Workers to represent them at the plant is their decision. Union representation is needed to set up a works council in the U.S., officials have said, and Osterloh noted that's a different model than in Germany and "we have to respect that." Chattanooga Times Free Press
Submitted 3 years 42 days ago

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Kentucky Artisan Center at Berea celebrates a decade in business
BEREA — After a tornado ripped through Berea in 1996, destroying several artists' shops, area artisans, city officials and representatives from local universities gathered to develop a plan for an artisan center to revitalize the community and keep the city's important crafts industry alive. That dream came to fruition in 2003. And this weekend, the Kentucky Artisan Center at Berea is celebrating its 10th anniversary by hosting three new exhibits, special guests and local artisan products. Kentucky.com
Submitted 3 years 42 days ago

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Ford Motor Company — 100 years of advanced manufacturing in Kentucky
Kentucky is a state renowned internationally for fast horses and fine bourbon. For 100 years, Kentucky also has been home to auto manufacturers who, focused on horsepower and staying power, have vastly overshadowed the state’s signature business sectors. Few companies have touched as many lives as the Ford Motor Company, and even fewer Kentucky companies are so intertwined with the nation’s history. Henry Ford said, “But to do for the world more than the world does for you – that is success.” LaneReport.com
Submitted 3 years 42 days ago

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Gov. Rick Perry touts Texas, Houston economies
On the heels of a bullish forecast for the Houston real estate market and economy, Gov. Rick Perry said Thursday, July 11, that he thinks the city — and Texas — can keep growing. “The short answer is yes,” Perry said. “None of this happened by accident. We’ve worked hard (to) maintain our strength through the recession.” Perry delivered remarks, his first public speech since the July 8 announcement that he wouldn’t seek another term as governor, to a state of the Houston market briefing presented by Stream Realty Partners. YourHoustonNews.com
Submitted 3 years 42 days ago

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Caterpillar spinoff hopes ‘dead’; Georgia Power economic development official tells PDA
Hopes for Putnam County to be the home for suppliers to the new Caterpillar plant in Clarke and Oconee counties are futile, according to an economic development official for Georgia Power. “The Caterpillar initiative (by the state) is dead. It’s over. … There’s not going to be any suppliers” in Georgia associated with that plant, Jim Lovett, with Georgia Power, told the Putnam Development Authority at its July 8 meeting. Lovett attended the meeting to talk about economic prospects around the state and to offer advice about what the PDA should do to enhance its chances to recruit new jobs to the county. Msgr.com
Submitted 3 years 42 days 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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