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Arkansas highway department pulls projects
LITTLE ROCK, Ark. (AP) - Arkansas highway officials say three road projects set for 2015 won't go out for bids next month amid questions about federal funding. thv11.com
Submitted 1 years 245 days ago

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Arkansas to Appeal Federal Gay Marriage Ruling
Arkansas' attorney general filed a notice in federal court Tuesday that he will appeal a judge's ruling that said voters were wrong to ban gay marriage during a referendum 10 years ago. ABC News
Submitted 1 years 245 days ago

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Delta joins push to end Florida’s gay marriage ban
Atlanta’s Delta Air Lines is not shying away from a political fight. Chief executive Richard Anderson turned heads when he urged corporate leaders to “stand up” to Georgia lawmakers who could ding the state’s reputation and went on national TV to back President Barack Obama’s executive order clearing the way for millions of undocumented immigrants to stay. Atlanta Journal Constitution
Submitted 1 years 245 days ago

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George H.W. Bush hospitalized
Former President George H.W. Bush was hospitalized Tuesday in Houston. The 90-year-old Bush was “experiencing a shortness of breath,” according to a statement from his personal spokesman. Politico
Submitted 1 years 245 days ago

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A New Headache For Gay Marriage In Florida
TALLAHASSEE, Fla.-- A tiny county in the northern Florida Panhandle, facing the prospect of court-ordered gay marriage going into effect next month, filed an emergency motion on Tuesday asking a federal judge to clarify whether it must marry all gay couples. Huffington Post
Submitted 1 years 245 days ago

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That's The Randle Report for December 23, 2014
We are knocking off early today to finish up our holiday shopping. Join us again tomorrow morning for all of the American South's business, economic development and political news in real time and in one place. Use the sort buttons or the search window above to find your favorite stories from yesterday, last week, last month or last year. Click on the headline to access Southern Business & Development magazine.
Submitted 1 years 246 days ago

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U.S. Economy Posts Strongest Growth in More Than a Decade
The U.S. economy posted its strongest growth in 11 years during the third quarter, supported by robust consumer spending and business investment. Gross domestic product, the broadest measure of goods and services produced across the economy, grew at a seasonally adjusted annual rate of 5% in the third quarter, the Commerce Department said Tuesday. That was up from the second quarter’s growth rate of 4.6% and the strongest pace since the third quarter of 2003, when GDP grew at a 6.9% pace. The agency last month had estimated third-quarter GDP growth at 3.9%. Economists surveyed by The Wall Street Journal had expected a smaller upward revision, to 4.3% growth. Tuesday’s report showed stronger-than-expected spending by U.S. consumers, particularly on services like health care. Fixed nonresidential investment also was revised up, signaling more spending by businesses on new buildings and research and development. The Wall Street Journal Wall Street Journal
Submitted 1 years 246 days ago

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The economic recovery has finally arrived
This is what’s supposed to happen after a recession. It’s just five years later than expected. The economy (measured by GDP) grew 5%, adjusted for inflation, from July through September, after 4.6% growth in the prior quarter, the Commerce Department reported Tuesday. One three-month period of turbocharged growth might be a fluke, but two is fairly convincing. The recovery that’s been limping along since mid-2009 finally seems to be hitting its stride. Yahoo.com
Submitted 1 years 246 days ago

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As economy improves, caterers see a growing appetite for holiday parties
Inside the kitchen of catering firm Heirloom L.A., chefs buzz with adrenaline. Cooks jump from one task to another, some peeling onions while others braise short ribs or tackle risotto. All hands — and spatulas — are on deck for the holiday season. Los Angeles Times
Submitted 1 years 246 days ago

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How the Chances of a White Christmas Have Changed Since the 1960s
He's a feature of so many holiday gatherings: the creaky codger, reminding you how in his day he had to slog through miles of chest-high snow to buy the Christmas ham. But is that memory correct—is modern December snowfall punier than the robust, puts-hair-on-your-chest powder of yore? No and yes, according to a new analysis of weather during Christmas week across North America. Citylab.com
Submitted 1 years 246 days ago

 

 

 

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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