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VW Atlas designers say Chattanooga-made SUV made for Americans
The designers behind the Chattanooga-made 2018 Volkswagen Atlas said Wednesday the two-year process of crafting the sport utility vehicle was driven by a well-researched look at how Americans live with their vehicles. "I think we developed something that takes us apart from the breed," said Klaus Bischoff, head of Volkswagen design. "We looked deep into how Americans are living with their midsize SUVs, and we wanted to get the Atlas right." The new seven-passenger SUV is on display at the press lead-in to the Los Angeles Auto Show. Chattanooga Times Free Press
Submitted 23 hours ago

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First 787-10 hits production milestone at Boeing S.C.
Parts of the first 787-10 Dreamliner rolled across Boeing South Carolina’s campus in North Charleston on Wednesday. Boeing South Carolina workers walked behind the massive sections of the plane chanting “Mid!” and “Aft!” — depending on which part of the plane they produced. The aft- and midbody sections of the first 787-10 were then delivered to Boeing S.C.’s Final Assembly facility for further work. This is the first 787-10 ever produced and it is made solely in North Charleston, unlike the other Dreamliner derivatives — the 787-8 and 787-9 — which are made at North Charleston and Everett, Wash., Dreamliner facilities. Charleston Business
Submitted 23 hours ago

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Air France takes delivery of S.C.-built 787 Dreamliner
The latest 787 Dreamliner delivery can claim a trio of milestones: It's the first to go to Air France, the 50th delivered to AerCap and the 500th to roll off Boeing Co.'s production lines. AerCap, the Holland-based aircraft leasing firm, bought the 787-9 and is leasing it to Air France for use on the airline's Paris-to-Cairo route beginning in January. It is the first of a dozen Dreamliners the Air France-KLM Group is leasing from AerCap. Post and Courier
Submitted 23 hours ago

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Georgia-Florida water dispute in hands of special master
A water dispute between Georgia and Florida is now in the hands of a special master appointed by the U.S. Supreme Court, reports the Associated Press. “Please settle this blasted thing,” said special master Ralph Lancaster. “I can guarantee you that at least one of you is going to be unhappy with my recommendation - and perhaps both of you.” Florida claims Georgia’s consumption of water from the Chattahoochee River system is hurting the environmentally fragile oyster industry in Apalachicola Bay. Atlanta Business Chronicle
Submitted yesterday

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Lottery executives make their pitch to Alabama lawmakers
A commission tasked with exploring how Alabama might operate a lottery heard from gaming executives about how to implement a state-led system. During the meeting, officials from lotteries in Louisiana and New Hampshire urged the Governor’s Advisory Council on Gambling to consider strong cautions on how to draft workable legislation, should the plan become a reality in the Yellowhammer State. Yellowhammernews.com
Submitted yesterday

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Delta pilots approve new contract, get immediate 18% raise
Delta Air Lines Inc. (NYSE: DAL) pilots on Thursday ratified a new contract with the airline that gives them an 18 percent raise. The agreement takes effect immediately and runs through Dec. 31, 2019. Pilots get an 18 percent raise now, followed by 3 percent raises in 2017 and 2018 and then a 4 percent bump in 2019. The Air Line Pilots Association International reported 95 percent of eligible Delta pilots voted. Of those, 82 percent voted in favor of the new agreement. Atlanta Business Chronicle
Submitted yesterday

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In Life After Coal, Appalachia Attempts to Reinvent Itself
Dan Mosley’s father was a coal miner in Harlan County, in the hills of Eastern Kentucky. So were his grandfathers, his uncles -- all his people. Mosley went a different route, though. He became a successful banker, with a comfortable life. But he wasn’t blind to the fact that most of his family and friends who had once worked in the mines were now unemployed. Given the decline in coal production, there are thousands of former miners in his part of the state. Mosley decided he had to try to do something about that. Last year, he ran successfully for the job of county judge-executive. Governing
Submitted yesterday

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Obama's gift to Trump: A 'pretty solid' economy
Unemployment is at its lowest level since 2007. Home prices are back at all-time highs. Growth is picking up. The economy expanded at a 3.2% annual rate from July through September. Even the middle class is (finally) getting a raise in pay. "President Trump really is inheriting an economy that's pretty solid," said Kevin Hassett, an economist at the conservative American Enterprise Institute, on CNBC Friday. The "Obama economy" deserves a "B or B+" grade, says Paul Ashworth, chief economist at Capital Economics. CNN Money
Submitted yesterday

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Toyo Tire Named Automotive Supplier of the Year
WHITE, GA -- Last week, the Georgia Department of Economic Development announced the winners of the inaugural Georgia Automotive Awards, and a Bartow County company is among those exceptional companies. Patch.com
Submitted yesterday

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As Trump vows to stop flow of jobs overseas, U.S. plans to make fighter jets in India
NEW DELHI — As a new American president bent on retaining American jobs prepares to take office, the Obama administration and the U.S. defense industry are working on a deal with the Indian government to build iconic U.S. combat aircraft in India. In recent months, Lockheed Martin and Boeing have made proposals to the Indian government to manufacture fighter jets — the F-16 Fighting Falcon and the F/A-18 Super Hornet — in India as the country seeks to modernize its rapidly aging fleet of largely Russian-built airplanes. Washington Post
Submitted yesterday

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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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