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President Trump’s visits to Mar-a-Lago are hurting the Palm Beach economy
President Trump’s weekend trips to Mar-a-Lago, his country club in Palm Beach, Florida, is apparently costing the surrounding community’s economy. As the Washington Post reported, Palm Beach County will have to reorganize the budget to accommodate Trump’s costly visits to his golf club, which his administration has been calling the “Southern White House” Salon
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You want faster productivity growth? Then run a high-pressure economy: An interview with Josh Bivens
Josh Bivens directs research at the Economic Policy Institute, is a great economist, an old friend, and the author of an excellent new paper I wanted folks to know about. Here he is, answering a bunch of my questions about his new work. Q: Tell us about the slowdown in productivity growth and why it’s so important? Washington Post
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Do You Really Need a College Degree for That Entry-Level Job?
When the job market was flooded with desperate applicants, many employers required college degrees for entry-level jobs. There was a certain cruel logic to it: Hey, might as well get the best. The job market is much tighter now, but it appears that employers haven't relaxed their hiring criteria. That could explain why 43 percent say finding enough candidates is a top challenge in filling entry-level jobs. It's a classic example of shooting yourself in the foot, but of course it's also bad for the young people without college degrees who can't get onto the bottom rung of the career ladder. Bloomberg
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San Antonio's largest tech employer is hiring
USAA has more than 3,000 tech workers in the Alamo City and it's looking for more. San Antonio Business Journal
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What a Gutted EPA Would Cost Our Communities
By all accounts, the Environmental Protection Agency (EPA) faces the likelihood of significant budget and staffing cuts under the new presidential administration; the questions are by how much and what programs would remain. But while the news and general commentary is focused on familiar complaints about regulation, one of the considerations missing from the discourse is an understanding of how these cuts would adversely affect local communities. Governing.com
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The Complexity of Simplicity in Government
Complexity, says Brookings Institution social mobility expert Richard V. Reeves, “is the friend of the upper middle class.” To me, Reeves’ observation provides insight into the insidious way governments can, even without realizing it, work against the bulk of the people they seek to serve. It reminds me of my days as a social worker, when a lot of my clients would ask me to interpret government letters and forms for them. I worked for the state of Pennsylvania, but the forms they brought to me were from the city, the county, the state, the feds. It didn’t matter -- it was all “the government” to them, and the special skill I brought was that I could interpret bureaucratese. Governing.com
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2017’s Most & Least Federally Dependent States
The extent to which the average American’s tax burden varies based on his or her state of residence represents a significant point of differentiation among state economies. But it’s only one piece of the puzzle. What if, for example, a particular state can afford not to tax its residents at high rates because it receives disproportionately more funding from the federal government than states with apparently oppressive tax codes? That would change the narrative significantly, revealing federal dependence where bold, efficient stewardship was once thought to preside. Wallethub.com
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What might Trump's budget mean for Virginia? The loss of billions of dollars and thousands of feds.
The federal budget proposed by the Trump administration would cost the region up to 24,600 federal jobs and billions of dollars in lost salaries and procurement spending, according to a new analysis by regional economist Stephen Fuller. The District would see the most federal job losses, according to Fuller, with 14,000 to 15,000 federal jobs lost. Suburban Maryland would be next, with 5,500 to 6,000 federal jobs lost. Northern Virginia would see the least impact, with 500 to 3,600 jobs lost. Washington Business Journal
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In this Trump enclave, a pining for Obamacare?
GIBSON, GA.—Just months after joining most of her neighbors in supporting President Trump at the polls, Ann Standridge finds herself in an odd position: longing for Obamacare. Christian Science Monitor
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How The GOP Bill Could Change Health Care, In 8 Charts
After years of trying to repeal and replace the Affordable Care Act, aka Obamacare, Republicans finally got their chance with the election of President Trump. The House GOP made haste coming up with a bill, releasing the American Health Care Act on March 6. It’s a partial repeal of Obamacare — it includes substantial changes to the law, but when it comes to health insurance coverage and how people get it, the GOP bill largely works within the framework set up by the Affordable Care Act. As the House GOP prepares for a vote on the bill, which could come as early as this week, here’s a look at how the AHCA would change the health insurance landscape and who would be most affected by the changes. Fivethirtyeight.com
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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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