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North Carolina Gov. Pat McCrory’s Defeat Is a Cautionary Tale for LGBTQ Opponents
North Carolina Republican Gov. Pat McCrory finally admitted defeat on Monday, conceding to his Democratic rival, current state Attorney General Roy Cooper. In a video message, McCrory asserted that he has “continued questions” about possible voter fraud, but that “I personally believe that the majority of our citizens have spoken.” He noted that the election was “the closest North Carolina governor’s race in modern history.” Slate
Submitted yesterday

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North Carolina Gov. McCrory concedes governor's race
DURHAM, N.C. -- North Carolina Gov. Pat McCrory conceded the governor’s race Monday, clearing the way for Democrat Roy Cooper to be declared the winner nearly four weeks after Election Day. The win by Cooper, the state’s outgoing attorney general, gives Democrats an important consolation prize after a disappointing election across the country. However, Republicans retain super majorities in both legislative chambers. CBS News
Submitted yesterday

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More Than 500 Carrier Jobs Will Still Go to Mexico, Union Says
Carrier Corp. is keeping around 800 jobs in the U.S. as a result of negotiations with president-elect Donald Trump, but about 500 are still set to be outsourced, according to a local union. Fortune
Submitted yesterday

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Why Trump gets more hype out of 1,000 jobs than Obama does out of 16 million
At least for a moment, ­President-elect Donald Trump appeared to achieve this week what President Obama struggled to do for most of the past eight years: convince Americans that he can fix the economy. Yalibnan.com
Submitted yesterday

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GOP Leader Breaks With Donald Trump On Suggested 35 Percent Tariff
WASHINGTON ― If President-elect Donald Trump thinks he’s going to impose a 35 percent tariff on companies importing goods, he might want to check with Republicans in Congress. House Majority Leader Kevin McCarthy (R-Calif.) suggested Monday that Republicans would not be in favor of imposing the 35 percent tariff on foreign goods that Trump proposed Sunday in a series of tweets. Huffington Post
Submitted yesterday

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Trump's Businesses And Potential Conflicts: Sorting It Out
Trying to understand the Trump Organization is a daunting task. President-elect Donald Trump has not released tax documents, so the best clues about his privately held business interests come from a financial disclosure form he released in May. The document covers scores of pages with small type, and suggests he is financially involved with hundreds of companies, including some that simply license his name. A sort through that disclosure form, submitted to the Office of Government Ethics, shows his largest sources of revenue are golf courses and office-tower rents. But his interests are far flung, and include media, retail, entertainment and much more. NPR
Submitted yesterday

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Home Depot Co-Founder: Need to Create Jobs in America
Home Depot (HD) Co-Founder Bernie Marcus thinks one of the most important issues the next presidential administration should focus on is the state of the American worker. “Trump was voted in for one reason only. And that’s because Democrats forgot that working America is suffering. That these people out there who are working for jobs have had less money in their payroll for the last eight years. Their expenses have gone up with Obamacare and everything else…and I think that we need to create jobs in America,” he told FOX Business Network’s Neil Cavuto. Fox News
Submitted yesterday

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As Robots Replace Old Jobs, New Jobs Should Be Invented
Machines have been replacing humans since the first one was invented many thousands of years ago — and on the very next day it probably created new jobs when three people were needed to fix it. Humans are adaptable. We’re creative. We use machines to make new things, solve new problems and create whole industries that we can’t yet imagine. Doomsaying is easy and natural. We can see what’s being lost, but we don’t see the new things until they arrive. New York Times
Submitted yesterday

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Unskilled Manufacturing Jobs Aren't Coming Back -- They Never Existed
Whenever I hear of the need to bring back unskilled manufacturing jobs to the U.S., I want to scream. It happened to me late November. Somehow, I managed to stay calm. Don't misunderstand me. It's not that I hate manufacturing jobs. Rather, what riles me is this pernicious idea that such jobs are unskilled. They aren't and they likely never have been. Forbes
Submitted yesterday

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Almost all the jobs created since 2005 are temporary
The conventional full-time job is disappearing. Survey research conducted by economists Lawrence Katz of Harvard University and Alan Krueger at Princeton University shows that from 2005 to 2015, the proportion of Americans workers engaged in what they refer to as “alternative work” jumped from 10.7% to 15.8%. Alternative work is characterized by being temporary or unsteady—such as work as an independent contractor or through a temporary help agency. Qz.com
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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