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Pizza Hut plans to open more stores, create 11,000 jobs
Pizza Hut is about to go on a hiring spree. The pizza chain said Thursday it will hire 11,000 new pizza makers, delivery drivers and store managers. "While we don't have a set deadline, we know we are headed into one of our more busy times of the year and our restaurants across the country are working hard to hire team members that will deliver a quick and reliable pizza experience for pizza lovers nationwide," Kelly McCulloch, Pizza Hut's senior director of human resources, told CNBC. CNBC
Submitted 3 days ago

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Louisiana broadband provider Detel acquired by North Carolina firm
Detel, a Louisiana-based optical fiber-based broadband business, has been acquired by North Carolina-based Conterra Ultra Broadband Holding. Financial terms of the deal were not disclosed. Detel was founded in Avoyelles Parish more than 15 years ago by Daryl Deshotel and Keith Fontenot. Conterra also purchased North Carolina-based Broadplex, which along with Detel is being run as a subsidiary of Conterra. Both have been technology providers in their home states for over 15 years, serving school districts, health care providers, wireless and landline carriers, government and private businesses. Neworleanscitybusiness.com
Submitted 3 days ago

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Why Would Trump Want a Weaker Dollar?
On Wednesday morning, currencies in emerging markets across Asia started to rise: The Chinese yuan and the Thai bhat hit two-month highs, while Taiwan’s dollar reached a three-month peak, according to Reuters. Meanwhile, the value of the U.S. dollar had dropped 1.3 percent on Tuesday, to its lowest point in a month. Those searching for an explanation didn’t have to look very hard. Over the weekend, President-elect Donald Trump delivered some remarks to The Wall Street Journal that took many by surprise. In response to a question about trade with China, Trump declared that the U.S. dollar is “too strong.” He added, “Our companies can’t compete with [China] now because our currency is too strong. And it’s killing us.” The Atlantic
Submitted 3 days ago

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Ranking the Obama Economy
Throughout his campaign to become the 45th president, Donald J. Trump called the U.S. economy “the Obama economic disaster.” As the late senator from New York Daniel Patrick Moynihan liked to say, “Everyone is entitled to his own opinion, but not his own facts.” And the economic facts are cruel to Trump’s claim. Economists resist giving U.S. presidents too much credit or blame for the economy, because prosperity depends more on luck, history and the effects of government policies over many years than on any president’s use of limited economic-management tools. But there’s plenty of data that can be used to determine how much the economy improved (or didn’t) during the terms of the three Democrats and three Republicans who have occupied the White House since 1976. Bloomberg
Submitted 3 days ago

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North Carolina lawmakers ask Trump to squash Amazon's $400M wind farm
A move by Republican state lawmakers in could have Avangrid Renewables reconsidering future investments in North Carolina. That’s according to Avangrid (formerly referred to as Iberdrola) spokesman Paul Copleman, speaking after a retired military officer and 10 Republican leaders, including both Senate leader Phil Berger and House Speaker Tim Moore, sent President-elect Donald Trump’s transition team a letter requesting to shut down a $400 million wind farm in North Carolina. Seattle Business Journal
Submitted 3 days ago

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University President: Law Curbing LGBT Rights Drives Job Candidates Away
CHAPEL HILL, NORTH CAROLINA — A North Carolina law limiting the legal protections of LGBT people has hampered the public universities that drive the state's economic growth, University of North Carolina President Margaret Spellings said Wednesday. Spellings said that recruited candidates had ruled out moving to North Carolina because of the law, and that she was unaware of any academic talent embracing a North Carolina move because of the law, called House Bill 2. Voanews.com
Submitted 3 days ago

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The 5 States Where LGBT-Owned Businesses Are Thriving
It may come as no surprise that states where startups traditionally thrive are also good for LGBT-owned businesses. After all, such states typically have good business networks, access to venture capital , and other forms of financing that are all important to fostering business growth. But the National Gay & Lesbian Chamber of Commerce (NGLCC) found something else just as important is at play in the top five states for LGBT-owned small businesses: they’re being helped by much larger businesses in their area. Fortune
Submitted 3 days ago

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Over 100 Mayors Unite Against LGBT Discrimination Days Before Inauguration
WASHINGTON, D.C. — Two days before President-elect Donald J. Trump is to be inaugurated, 175 mayors from 42 states united on Wednesday to send a message: They will secure LGBT protections locally even if they're not advancing federally. The event launched a bipartisan coalition of mayors dedicated to providing support and resources to assist local governments that want to pass LGBT protections. The coalition created a website that outlines steps the group will take, including "championing municipal-level protections for LGBT people," "prohibiting non-essential travel to states with anti-LGBT laws," and "supporting local law enforcement on LGBT-inclusive trainings." The Advocate
Submitted 3 days ago

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Ranking the Schools that Turn Poor Kids into Wealthy Ones
At a time when parents of college-bound students are waiting anxiously for news about acceptances and wondering about their children’s future, a new study from the Equality of Opportunity Project is out with a new way of evaluating the effectiveness of institutions across the country. The report used publicly available data to establish what it calls a “mobility rate” for each college or university in the country. The rate is a product of two factors: the percentage of its students whose parents are from the bottom one-fifth of the income distribution (the Access Rate) and the percentage of those students who eventually find themselves in the top earnings percentile (the Success Rate.) The Fiscal Times
Submitted 3 days ago

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20 jobs that offer the most flexible work options
People looking for a flexible job where they can telecommute might want to consider a position as an account executive. That's according to a new report by Boulder-based job service website FlexJobs, which lists the 20 jobs that will have the highest potential for being flexible in 2017. Business Journals
Submitted 3 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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