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Report says more woes for Appalachian coal mining
LOUISVILLE, KY. — A new report says hard times are expected to continue for the coal industry in Central Appalachia, which at one time was the hub of the nation's coal production. Coal business in the mountains of eastern Kentucky and southern West Virginia is facing declining reserves, higher production costs and competition from other coal basins and natural gas. Lexington Herald-Leader
Submitted 3 years 49 days ago

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Drones can combat power outages, expert says
Power companies could borrow an anti-terrorism tool to aid them in responding to outages after big storms. A nonprofit research group believes that drones could be used to gather information quickly about damage and speed up the ability of crews to restore electricity to customers. Fuel Fix
Submitted 3 years 49 days ago

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Texas gets $203M in cleanup funds from Deepwater disaster
Texas will get $203 million from a $2.54 billion fund administered by the National Fish and Wildlife Foundation for coastal restoration related to the 2010 Deepwater Horizon oil spill disaster in the Gulf of Mexico. Houston Business JOurnal
Submitted 3 years 49 days ago

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IRS Scandal Deepens: Congress Not Told About Targeting
WASHINGTON — The IRS acting chief acknowledged Tuesday that the agency demonstrated "a lack of sensitivity" in its screenings of political groups seeking tax-exempt status, but he said those mistakes won't be repeated. Huffington Post
Submitted 3 years 49 days ago

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Who’s the highest-paid public employee in NC?
Roy Williams, head basketball coach for UNC Chapel Hill, is the highest-paid public employee in North Carolina with a salary of $2 million. Charlotte Business Journal
Submitted 3 years 49 days ago

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TVA to offer early retirement incentives to coal-fired power plant workers
CHATTANOOGA, Tenn. — The Tennessee Valley Authority is offering retirement incentives to employees of some of its coal-fired power plants. nems360.com
Submitted 3 years 49 days ago

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Dollar General holding 7 metro Atlanta job fairs Sat., hiring 10,000 Nationally
Dollar General will hold seven job fairs this Saturday in metro Atlanta to help fill 10,000 positions this month nationally. It was not immediately known how many of the hires will be in metro Atlanta. The job fairs will be held from 10 a.m. to 2 p.m. in McDonough, Tucker, Conyers, Villa Rica, Lithia Springs, Jonesboro and Newnan. Atlanta Journal Constitution
Submitted 3 years 49 days ago

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Strengthening U.S. Manufacturing, Region by Region
Last week President Obama used his trip to Austin, TX to announce the creation of three more public-private manufacturing research institutes as nodes of a $1 billion National Network for Manufacturing Innovation (NNMI). On the same day, though, there was another intriguing if lower-key announcement on the Obama administration’s manufacturing agenda. Brookings Institution
Submitted 3 years 49 days ago

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Welcome to the Brave New World of Corporatized Medicine: Just Hope You Don't Get Sick!
One of the most effective scare techniques employed to preserve our grotesquely inefficient, overpriced health care system has been to invoke the red peril of “socialized medicine”. Never mind that foreigners in advanced economies fail to recognize the caricatures scaremongers supply, or that Americans who need emergency care while overseas are almost without exception impressed with the caliber of care and astonished by the low (sometimes no) cost to them. After all, Americans live in the best of all possible worlds, and consumer and business freedom are always better. Alternet
Submitted 3 years 49 days ago

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It won't be easy to implement the Marketplace Fairness Act in Alabama
Alabama is one of five states in which it will be hard to implement the Marketplace Fairness Act, according to a study by sales tax website Avalara.com. al.com
Submitted 3 years 49 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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