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Agriculture secretary presses NC to support trade
Agriculture Secretary Tom Vilsack is touting the benefits of trade in North Carolina as he makes the rounds promoting a White House push for more authority in negotiating trade agreements. North Carolina agriculture exports exceed $3.7 billion, according to the USDA. Forty-one percent of all agriculture sales in North Carolina are tied to exports and more than 25,000 N.C. jobs are dependent on those trade opportunities, Vilsack said. Charlotte Observer
Submitted 2 days ago

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Who Gets Jobs in North Carolina?
Interpreting the ups and downs of the labor market often requires understanding concepts that are surprisingly complex. For example, it is easy to imagine that our labor pool consists of two distinct groups — unemployed persons looking for jobs and employed persons working for a living. Many scholarly models of labor market activity operate according to this simple assumption, and certain workforce development programs focus their efforts on unemployment insurance (UI) recipients, who are (by definition) unemployed job seekers. NC Commerce
Submitted 2 days ago

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Experts: Bioenergy industry has potential to bring jobs to North Carolina
With crude oil prices hovering around $60 per barrel, policymakers may not feel as much pressure to embrace renewable forms of energy. But bioenergy experts say it would be a mistake for North Carolina to step back from efforts to expand its bioenergy market. Triangle Business Journal
Submitted 2 days ago

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Fears Of Contamination Confirmed, North Carolina Residents Warned Not To Drink Their Water
Sherry Gobble has been wary of drinking the tap water in her neighborhood for more than a year. “I feel like I’ve become very suspicious of all water,” she told ThinkProgress in November. “When I go to a friend’s house, and they offer coffee or tea, I don’t drink it because I don’t know where it came from.” Think Progress
Submitted 2 days ago

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Aston Martin Reportedly Considering U.S. for SUV Plant
China, Mexico, and other countries may have been in the headlines a lot recently for being automotive manufacturing hot spots. However, that doesn’t mean the U.S. is totally out of the running, even for niche luxury models. Automotive News reports that Aston Martin is being aggressively courted by several Southern states to build a plant on this side of the Atlantic to build the production version of the DBX concept shown at this year’s Geneva Motor Show. Trucktrend.com
Submitted 2 days ago

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South Carolina ups the ante in the hunt for a Volvo plant
The race to land Volvo’s first U.S. auto plant is heating up as the Swedish-based manufacturer nears its decision. Volvo is scouting Georgia and South Carolina for a site to build a sprawling factory that would employ thousands. Atlanta Journal Constitution
Submitted 2 days ago

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SC Gov. Haley says she can drive Volvo deal alone
As South Carolina leaders wait to see if Volvo chooses the Palmetto State to build a $500 million plant, Gov. Nikki Haley said Tuesday she does not need legislative help to pay for an incentives deal for the automaker. The Republican governor told GOP state senators Tuesday she did not need a borrowing bill passed to pay for economic development obligations, said Senate Judiciary Committee Chairman Larry Martin, R-Pickens Charlotte Observer
Submitted 2 days ago

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Is Texas Headed for a Recession?
With oil companies shutting down rigs left and right thanks to the low price of crude, Texas’ economy is finally showing some serious signs of strain. In March, it shed more than 25,000 jobs, by far the most among all 31 states where payrolls fell. (And adding insult to injury, the Lone Star State’s spiritual arch nemesis, California, tacked on almost 40,000 new jobs.) While the Texas Workforce Commission finds that only 2,800 of March's job losses were in “mining and logging”—the umbrella category that includes pumping oil—it’s safe to say the sector's woes led indirectly to a much greater share of the fall. Slate
Submitted 2 days ago

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Half of U.S. Fracking Companies Will Be Dead or Sold This Year
Half of the 41 fracking companies operating in the U.S. will be dead or sold by year-end because of slashed spending by oil companies, an executive with Weatherford International Plc said. Bloomberg
Submitted 2 days ago

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Study: Gas Activities "Most Likely" Caused Texas Quakes
Gas industry activity “most likely” triggered a series of earthquakes that shook two North Texas towns from late 2013 through early 2014, new peer-reviewed research shows. Texas Tribune
Submitted 2 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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