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What's the deal with US manufacturing?
Even though the United States economy has been in something of a renaissance for the past few years, people are still somewhat reeling from the Great Recession seven years ago. And while the unemployment rate is expected to fall to 5 percent by the end of 2015, according to The Associated Press, there are certain sectors that continue to layoff hard-working Americans and fail to meet certain revenue checkpoints. Strategicsourceor.com
Submitted 3 days ago

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John Stancavage: Clean Cities advocates for more alternative fuels infrastructure
In parts of California, front-row parking slots with free chargers reward electric-vehicle owners. Meanwhile, in Mountlake Terrace, Washington, every new home comes outfitted with a “roughed in” electric line for vehicles. And in Dallas, permitting specifications for compressed natural gas allow it to be offered at convenience stores like any other fuel. Tulsa World
Submitted 3 days ago

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More builders and fewer traders: A growth strategy for the American economy
In a new paper, William Galston and Elaine Kamarck argue that the laws and rules that shape corporate and investor behavior today must be changed. They argue that Wall Street today is trapped in an incentive system that results in delivering quarterly profits and earnings at the expense of long-term investment. Brookings.edu
Submitted 3 days ago

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Don’t Let The Disappointing June Jobs Report Distract From The Long-Term Trend
Economic growth speeds up and slows down. Oil prices rise and fall. Greece passes in and out of crisis. But the U.S. job market just keeps going. U.S. employers added 223,000 jobs in June, the Bureau of Labor Statistics said in its monthly report Thursday. The unemployment rate fell to 5.3 percent, the lowest it’s been since the spring of 2008, when the recession was just beginning. Fivethirtyeight.com
Submitted 3 days ago

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There's a 'new normal' in America's job market, and it isn't pretty
WASHINGTON (AP) — Even after another month of strong hiring in June and a sinking unemployment rate, the U.S. job market just isn't what it used to be. Business Insider
Submitted 3 days ago

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GENTRIFICATION IN HOUSTON: DOES IT RUIN NEIGHBORHOODS?
The Merriam-Webster dictionary defines "Gentrification" like this: "The process of renewal and rebuilding accompanying the influx of middle-class or affluent people into deteriorating areas that often displaces poorer residents." It is a word which gets used a lot these days in regards to certain Houston neighborhoods, especially in some Inner Loop areas that were once considered rough parts of town. Houstonpress.com
Submitted 3 days ago

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How Miami Fought Gentrification and Won (for Now)
Can growing cities avoid gentrification simply by building skyscrapers? Harvard economist Edward Glaeser thinks so. In his 2012 book Triumph of the City, he famously argues that in order to address housing shortages, cities need to build up. If they don’t, he warns, wealthy people who would buy high-rise units will instead buy older housing and displace longtime residents and businesses. Governing.com
Submitted 3 days ago

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America's $300 Million Salad Industry
Salad is hardly new. According to historians, ancient Greeks and Romans had oil-based dressing on raw vegetable. The poet Virgil describes a rustic salad made of herbs, vinegar, and cheese. Oregano-flavored olive oil—suspected to be for salad dressing—was discovered in a 2,400 year old shipwreck in the Aegean Sea. The Atlantic
Submitted 3 days ago

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Here's who is finding jobs in America right now
More teens finding jobs: About 4.7 million teenagers have jobs now, an increase from this time last year. How the teenage job market performs is a bellwether for the rest of American job seekers. If more and more employers are willing to take a chance on an inexperienced teen, that's good news for older workers too, says Diane Swonk, chief economist at Mesirow Financial in Chicago. "The trend is moving in the right direction," says Swonk. The teenage economy "is certainly something I'm watching more closely." CNN
Submitted 3 days ago

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Overtime pay will boost America's wages
The June jobs report released on Friday shows an increase of 223,000 payroll jobs and a drop in the national unemployment rate to 5.3%. Unfortunately, wages were completely flat, remaining at $24.95 an hour. Fortune
Submitted 3 days ago

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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 Stacy Randle
Demographer Wendell Cox recently analyzed the largest gains in holders of bachelor's and post-graduate degrees between 2007 and 2012 in the 51 metro regions in the U.S. of 1 million residents or more. The results were published in Forbes magazine and the South dominated the ranking.
 

 Business News in the South - Randle Report

FEATURE     
After I finished the cover story for this issue, I read an interesting article by economist Paul Krugman, the op-ed columnist for the New York Times, titled, "Partying like it’s 1995." Generally I side with Krugman, even though I am a journalist, not an economist. Occasionally, though, I read some of his stuff and ask myself, "What planet did Krugman come from?" Like when he predicted a shift of automotive assembly to Canada after Toyota announced a new plant in Woodstock, Ontario in 2005 because of "free healthcare," among other benefits. That Toyota deal was the last major automotive assembly plant announced in Canada and I predict it will be the very last one for the Canadians.
 
 Nashville Mayour Karl Dean
If you have ever seen one of my presentations, then you know about the word "reshoring" and how that phenomenon has lifted the spirits of even the most skeptical Southerners regarding the future of the region's economy. After all, in the last four decades, manufacturing has suffered a bloodletting never before seen in U.S. history. The biggest factor behind the slow and long meltdown that began in the 1990s was the herd mentality to offshore manufacturing capacity to cheaper locales, primarily by U.S.-owned companies.
 


 

 

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