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Private sector adds 156,000 jobs in April vs. 195,000 expected: ADP
Private job creation slowed even further last month as firms added just 156,000 jobs in April, ADP said in a Wednesday report. CNBC
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Rich and powerful warn robots are coming for your jobs
Some of the richest, smartest and most powerful humans have an important message for the rest of us as they convened this week to discuss pressing global issues: the robots are coming. At the Milken Institute's Global Conference in Beverly Hills, California, at least four panels so far have focused on technology taking over markets to mining - and most importantly, jobs. "Most of the benefits we see from automation is about higher quality and fewer errors, but in many cases it does reduce labor," Michael Chui, a partner at the McKinsey Global Institute, said on Tuesday during a panel on "Is Any Job Truly Safe?" The four-day annual conference, which began on Sunday, has 3,500 invite-only participants exploring "The Future of Human Kind." Reuters
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Humans vs. Technology. Anxiety vs. Hope
Big Data, digitization, robotics, artificial intelligence (AI), robotics and cybernetic technologies overshadow these business terms and activities and remains the big elephant in the room. In fact, technology is moving at such a pace that Moshe Vardi, a Rice computer scientist, argues that all human jobs will be obsolete by 2045. Huffington Post
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Verizon Strikers to Get Paid From $400 Million Union Fund
The nearly 40,000 Verizon workers on strike will start receiving payments this week from a $400 million union fund to offset lost wages and benefits. Fortune
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Tar Heel state tops charts in Chinese investment, jobs
DURHAM — North Carolina is a leading state for doing business with Chinese organizations, but more can be done to continue attracting investment here, panelists said this week at an event hosted by the North Carolina Chinese Business Association in Research Triangle Park. Herald Sun
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A Robust U.S. Mining Industry Means More Manufacturing, More Jobs.
One surprise of the current, tumultuous presidential election cycle is the degree to which manufacturing has emerged as a significant campaign issue. Candidates are now openly pledging to oppose trade agreements perceived as hurting the nation’s manufacturers. And while trade policy is only one aspect of the overall debate, it’s clear that candidates are recognizing manufacturing’s importance to America’s economy. Industryweek.com
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ISM: Manufacturing Continues Growth Trajectory
Economic activity in the manufacturing sector expanded in April for the second consecutive month, while the overall economy grew for the 83rd consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business. Mbtmag.com
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How the government got BP to pay the biggest environmental penalty in history Sweet crude oil streaks on the surface of the Gulf of Mexico in May 2010, as seen from a Florida Air National Guard C-13
WASHINGTON -- The first order of business when John Cruden took over as the Justice Department's top environmental lawyer was holding BP financially accountable for the 2010 Deepwater Horizon spill that fouled the Gulf of Mexico with millions of barrels of oil. The best way to do that, Cruden believed, was to settle the costly and contentious legal fight between his department and the oil giant. But the former Green Beret was worried about entering negotiations with a weak hand, particularly after BP had rebuffed a sizable 2013 deal. So when a court-appointed mediator suggested reaching out to BP to reopen talks, Cruden surprised the respected magistrate judge by demurring. Sun Herald
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BP drops $1 billion seafood industry spill payments fight
After fighting for more than two years to avoid paying almost $1 billion in oil spill damages to Gulf Coast shrimpers, oystermen and seafood processors it claimed didn’t exist, BP has thrown in the towel. “We have withdrawn our claims seeking an injunction against payments by the Seafood Program so the program can be concluded,” Geoff Morrell, a BP spokesman, said in an email Tuesday. The company will keep pursuing fraud claims against lawyer Mikal Watts and his firm, Morrell said. Watts was indicted for allegedly making false claims in connection with the BP spill. Fuel Fix
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New Study: Affordable Care Act Drives Freelance Hiring
Looking to work for a big corporation? In many firms, your best opportunity could be as a freelancer, according to a new survey of human resources professionals at companies with 1,000 employees or more. Forbes
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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Urban areas have all kinds of assets that are easy to spot. They have the population, so the labor shed is not usually an issue. Urban areas are also connected by better roads, rail and air service and many have river and deep water ports. Usually Internet access and other forms of communication are more efficient in urban areas. And you have a larger array of quality of life options to choose from, such as the cultural assets found in metropolitan areas.
 

 Randle Report - Business News in the South

 FEATURE  
By Mike Randle
The belief that "80 percent of all new jobs come from existing business and industry" is an out-of-date, old-fashioned fabrication. I have no idea how it started, where it started, or who said it first, but there are professionals in economic development as well as leaders of government in the South who actually believe that each year, 80 percent (why 80 percent I don't know, either) of all new jobs are created by existing business and industry. I hear it all the time and I just roll my eyes. There is nothing static in economic development but this: 100 percent of all lost jobs come from existing business and industry. That, and of course 100 percent of the time site consultants never pay for a meal.
 

 Business News in the South - Randle Report

FEATURE     
According to Chinese theory, yin is a passive, negative force and yang is an active, positive force. Chinese philosophers believe that the opposing forces aren't really contradictory. Instead, they are interconnected and complimentary, interacting to create a balance in one's life. 
 
 Nashville Mayour Karl Dean
The Annie E. Casey Foundation's KIDS COUNT report was released in the summer quarter. I try to read it every time it comes out since I find it to be the best indicator of child poverty, a statistic everyone involved in economic development needs to be aware of. The Annie E. Casey Foundation is a charity that supports disadvantaged children. 
 


 

 

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