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States Take Aim at Social Welfare Programs
State lawmakers attracted national attention this week for seeking to ban the use of welfare funds on lingerie, fortune tellers or even cookies, proposals that reflect a renewed focus on scrutinizing the social safety net as the country rebounds from the Great Recession. US News & World Report
Submitted 1 years 238 days ago

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Northern Kentucky Tri-ED recognizes 23 companies that expanded or located in region in 2014
ERLANGER, KY — Northern Kentucky Tri-County Economic Development Corporation (Tri-ED) will recognize the companies that announced new locations or expansions in the Boone, Campbell and Kenton County region in 2014 at its annual recognition event, the Northern Kentucky Thoroughbreds, on April 13, 2015 at the NKU METS Center at 3861 Olympic Blvd. Executives from 19 of the 23 companies that made announcements in 2014 are planning to attend. Lane Report
Submitted 1 years 238 days ago

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He's in: Marco Rubio's presidential challenge
Florida Sen. Marco Rubio says he is running for president and is "uniquely qualified" to talk about the future, a Rubio adviser tells CNN. The adviser said Rubio did a call with donors Monday morning where he said he was running. Rubio is scheduled to publicly announce his bid later tonight to offer a pitch supporters say only he is qualified to give: a promise to restore the American Dream, from a son of Cuban exiles who's lived it. CNN
Submitted 1 years 238 days ago

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On-the-Job Training Could Help Keep Employees Around
The U.S. labor market held a reported 5.1 million open positions at the end of February, according to a Labor Department job openings report issued Tuesday – a 14-year high that suggests positions are largely plentiful for those looking for work. The report, which exceeded analysts' expectations, was a strong sign from a labor market that was rocked Friday by a much more underwhelming employment report for the month of March. US News & World Report
Submitted 1 years 238 days ago

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The Real Role of Land Values in the United States
The total value of the land that makes up the contiguous United States was $23 trillion dollars in 2009, according to new data [PDF] released by the United States Bureau of Economic Analysis (BEA). That amounts to roughly 160 percent of U.S. Gross Domestic Product for that year, which stood at $14.5 trillion. According to the BEA’s findings, the value of U.S. land peaked at $26.2 trillion in 2006, before the Great Recession, but then fell back to $23 trillion. The graph below shows the trend. Citylab.com
Submitted 1 years 238 days ago

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The Troublesome Connection Between City Trees and Income Inequality
By now, researchers have well established the benefits of trees in urban neighborhoods. Trees are correlated with better health outcomes. They mitigate the urban heat-island effect and lower energy bills. They raise overall property values. Citylab.com
Submitted 1 years 238 days ago

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Duke Energy Appeals $25M Pollution Fine by North Carolina Regulators
Duke Energy Corp. says a $25 million fine by North Carolina environmental regulators over coal ash pollution that has been seeping into groundwater for years is excessive and unnecessary. The country’s largest electric company said Thursday it appealed the penalty announced last month over ongoing contamination at the retired Sutton electric plant outside Wilmington. The site includes a pair of unlined dumps estimated to hold 2.6 million tons of ash. Insurancejournal.com
Submitted 1 years 238 days ago

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NC Triangle housing market scores big with 19 percent jump in March sales
Real estate agents and home sellers across the Triangle grabbed the rebound in March as home sales improved nearly 19 percent compared to a year ago and posted a more than 49 percent jump from February’s adjusted home sales total. Triangle Business Journal
Submitted 1 years 238 days ago

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Why the Housing Market Is About to Perk Up
Stocks are stuck in a funk. The NYSE Composite Index is braced against overhead resistance going all the way back to July. But specific areas of the market are rising with a sweet lightness that reminds us that while the economy may be struggling in certain areas — like shale oil communities, for instance — there are other areas that are prospering and growing. Homebuilders are one such area. The Fiscal Times
Submitted 1 years 238 days ago

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Why the South Is the Region With the Fewest Breweries
It may be hard to imagine now, but American ale-drinkers previously had few alternatives to the mass-produced beers that The Economist once (not incorrectly) deemed "fizzy dishwater." In fact, there were only two craft breweries in America in 1977. By 2012, that number had risen to 2,751, and while macrobreweries such as Anheuser-Busch and MillerCoors still dominate America's beer market, craft breweries are estimated to account for about a tenth of the industry's revenues. The Atlantic
Submitted 1 years 238 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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