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Mississippi third most winning state, slot machine maker says
BILOXI, MISS. — On July 2, an Alabama man won the $1.5 million jackpot on the penny Wheel of Fortune progressive jackpot at Hard Rock Casino Biloxi. Clarion-Ledger
Submitted 3 years 42 days ago

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Oyster business returning to Duval County FL?
Oysters haven’t been harvested from Duval County waters in 15 years, but that could change soon. Jacksonville Business Journal
Submitted 3 years 42 days ago

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No state in the nation is less green than Texas
Texas is known for its friendliness to small businesses and families, but according to a new study, we have nothing to brag about when it comes to being green. A study by Master's of Public Health examines states’ production and consumption of things like mass transit, water quality and CO2 emissions. Texas ranks 51 out of all states and Washington, D.C. Yep. Dead last.
Submitted 3 years 42 days ago

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Robots Are Starting To Take Over Fast Food Jobs
In recent months, some fast food workers have been staging walk outs, complaining of low pay and the lack of benefits. Business Insider
Submitted 3 years 42 days ago

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Huntsville is a best destination for green travelers
TravelNerd has named Huntsville as one of the "Best Destinations for Green Travelers" in the nation. Here is what TravelNerd has to say about Huntsville: Birmingham Business Journal
Submitted 3 years 42 days ago

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Costs may doom one old S.C. nuclear power reactor
A nuclear power plant near Hartsville has been identified as one of 38 across the country at risk of bring mothballed because of age and expense, a national study shows. The H.B. Robinson reactor, built in 1970, is listed in a report by an economic analyst as in danger of being closed mainly because it has been running nine years longer than its original federal license limit, which expired in 2004. The plant, operated by Duke Energy, was given an operating license extension to 2030. Post-Courier
Submitted 3 years 42 days ago

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Texas ranks last on green state list
Texas has been ranked dead last in the “How Green Is My State?” assessment by MPH Online, a site that gathers and analyzes information on public health education programs. Using data on each state’s renewable energy production, gasoline use, air quality and other measures, MPH Online determined that the Lone Star State is the least green state in the country. Texas ranked high for its friendliness to renewable energy, as nation’s No. 1 state for installed wind power capacity. But Texas is the nation’s worst when it comes to air quality and CO2 emissions, the organization determined. Fuel Fix
Submitted 3 years 42 days ago

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Most of 14 American Housing Markets That Are Swamped With Foreclosures Are In Florida
One in every 324 of all U.S. housing units received a foreclosure filing in the second quarter, according to the latest foreclosure data from RealtyTrac. Business Insider
Submitted 3 years 42 days ago

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Exxon secrecy over ruptured pipeline may mask national danger
The 1940s-era construction process that ExxonMobil said caused an oil pipe to rupture in Arkansas earlier this year is a common and well-documented problem the pipeline industry has battled for decades—and one the industry believes can be detected and controlled with appropriate vigilance. “With proper inspection and maintenance, these catastrophic events can be prevented,” said Mohammad Najafi, a pipeline construction expert and engineering professor at the University of Texas at Arlington. “As pipelines exceed their design lives, they need more maintenance and a proper asset management strategy to prevent or minimize these ruptures.” That leaves the public and regulators with two critical questions: Did Exxon manage and test its broken Pegasus pipeline according to established guidelines? And, if it did, is the Arkansas accident a warning that other pipelines might be at risk? Fuel Fix
Submitted 3 years 42 days ago

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The Probe Into BP Oil-Spill Payouts Could Be Bigger Than You Think
In a recent Bloomberg Businessweek cover story, I explained how the private-claims process following BP’s (BP) 2010 Gulf of Mexico oil spill devolved into a plaintiffs’-lawyer feeding frenzy. On July 2, I reported that the New Orleans federal judge in the case had called in Freeh, a former FBI director, to probe kickback allegations. Here’s why this matters not just to the multibillion-dollar BP litigation, but to the broader world of corporate liability and the American justice system: Businessweek
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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