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Furniture Factory Outlet to Move Headquarters to Fort Smith, Ark.
Furniture Factory Outlet said Tuesday that it will move its corporate headquarters and manufacturing operations from Muldrow, Oklahoma, to Fort Smith. The furniture maker and retailer said the move will create 64 full-time jobs. "Moving our operations to Fort Smith provides the strategic foundation for our aggressive long term growth plans, and further builds on our commitment to Arkansas," Larry Zigerelli, president and CEO, said in a news release. Arkansas Business
Submitted 1 years 230 days ago

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South Florida-based Carnival Gets U.S. Approval to Start Cruises to Cuba
Amid thawing U.S.-Cuban relations, Carnival Corp. plans to start cultural cruises to the island nation next year, a move that would give it early access to the communist country. Carnival said it won U.S. Treasury Department approval for the trips under its new fathom brand, which targets travelers who want to combine volunteering with vacations. The company plans to use a 710-passenger ship for the seven-day cruises, targeting “cultural, artistic, faith-based and humanitarian” experiences between Americans and Cubans. Carnival is still in talks with Cuban authorities to gain their approval. The Wall Street Journal
Submitted 1 years 230 days ago

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U.S., 11 Partners Set Gathering in Hopes of Finishing Pacific Trade Deal
The Obama administration will host a high-level trade meeting in late July in an effort to conclude a sweeping Pacific trade pact, after winning key legislation in Congress last month to expedite U.S. approval. U.S. Trade Representative Mike Froman will join trade ministers from Japan, Vietnam and nine other countries around the Pacific on Hawaii’s island of Maui from July 28-31, Mr. Froman’s office said in a statement Tuesday. Other officials will gather earlier for lower-level talks on the trade agreement, known as the Trans-Pacific Partnership, or TPP. The Wall Street Journal
Submitted 1 years 230 days ago

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U.S. Census Bureau: 1 in 5 Americans are on welfare
One in five Americans was on one or more welfare programs each month in 2012, according to the most recent U.S. Census Bureau statistics available. That’s more than 52 million people, or 21.3 percent of the population. Rates were highest for Medicaid (15.3 percent) and the Supplemental Nutrition Assistance Program, formerly known as the food stamp program (13.4 percent). St. Louis Business Journal
Submitted 1 years 230 days ago

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The 20 most expensive ZIP codes
If you think it's expensive living in Silicon Valley or Beverly Hills, try buying a place in Sagaponack, New York. The median sales price for a home in the tony Hamptons village is more than $5.1 million, making it the most expensive ZIP code in the U.S. when it comes to real estate, according to PropertyShark. CNBC
Submitted 1 years 230 days ago

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Rick Perry, Republicans, and the African-American Vote
If you ask most conservatives why African-Americans vote overwhelmingly for the Democratic Party, they will typically reply that black people are either lazy moochers who want “free stuff,” or else they’ve been duped by a massive lie that the Democrats have become the party of civil rights. Rick Perry delivered an interesting speech last week, which continues to reverberate among conservative thought leaders, in which he made an important, if not unprecedented, concession. The historic defection of the black vote, Perry admitted, reflects the failings not of African-Americans but the Republican Party itself. Perry conceded that his party’s obsession with states’ rights, including his own, alienated a constituency that has depended on the federal government to protect its rights. This is an important admission about the Republican Party’s history. What Perry has failed to display is any grasp of how African-Americans have been turned away by the Republican Party’s present incarnation. New York Magazine
Submitted 1 years 230 days ago

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Rick Perry fires back at Trump: 'Hey Donald, I saw your tweet the other day'
Former Texas Gov. Rick Perry (R) did not appreciate what his 2016 GOP primary rival Donald Trump said about him on Twitter. Business Insider
Submitted 1 years 230 days ago

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The top summer getaways from 13 cities around the US
Every city has that destination: the one hotspot where you need to book a room or house at least a year in advance because the entire city transports itself to a more beachy or lakey place to sip rosé and put their boat shoe clad feet up. Business Insider
Submitted 1 years 230 days ago

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This map shows what $100 is actually worth in your state
Money goes further in some states than others. The Tax Foundation released a map showing the relative value of $100 in every state compared with the national average using the data from the Bureau of Economic Analysis. In expensive states like New York, you can afford comparatively less than average; in less expensive states like Mississippi, you can buy relatively more. Business Insider
Submitted 1 years 230 days ago

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Obama Administration Comes Out Swinging Against GOP Environmental Spending Bill
WASHINGTON -- The Obama administration on Tuesday strongly criticized a Republican budget proposal that would undermine regulatory work at the Environmental Protection Agency and the Department of Interior. Office of Management and Budget Director Shaun Donovan and Environmental Protection Agency Administrator Gina McCarthy, on a call with reporters, protested the appropriations proposal the House is debating this week. Huffington Post
Submitted 1 years 230 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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