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Obama's immigration speech: What to watch for
Washington (CNN) -- President Barack Obama is set to unveil his long-awaited overhaul of U.S. immigration rules -- potentially shielding millions of people from deportation -- Thursday in an 8 p.m. ET speech from the White House. The impending actions are fraught with political controversy, as Republicans lambast him for circumventing the legislative process to declare "executive amnesty." There's also intense interest surrounding who, exactly, among the nation's 11 million undocumented immigrants will be covered. CNN
Submitted 1 years 250 days ago

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New details point to bigger $100M incentives deal for Bridgestone
Bridgestone looks to be in line for taxpayer incentives worth roughly $100 million for its decision to keep and expand its U.S. headquarters in Nashville. That total amount makes Bridgestone's deal larger than it first appeared when executives and elected officials celebrated the company's move to SoBro last week — which will inject 1,700 jobs downtown, housed in what will be the city's fourth-largest skyscraper. At that time, Mayor Karl Dean pegged the city's commitment at $50 million. The vast majority of that stems from the decision to waive Bridgestone's property taxes for the length of its 20-year lease with the developer Highwoods Properties, which will build a 30-story office tower for Bridgestone. Nashville Business Journal
Submitted 1 years 250 days ago

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GE Makes a Big Bet on Manufacturing
If one company mirrors the travails of American business over the past decade, it’s General Electric. The manufacturing giant founded by Thomas Edison in 1892–and the last of the original firms in the Dow Jones industrial average still listed on that index–grew into a multinational powerhouse that made everything from lightbulbs to locomotives as the U.S. became the world’s lone superpower. Its nickname said everything: Generous Electric. But by the time the 2008 economic crisis hit, GE had gone from being an industrial innovator to being the country’s sixth largest bank, relying on financial wizardry rather than engineering to satisfy investors. Time.com
Submitted 1 years 250 days ago

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Nashville named one of hottest cities for 2015
The “it city” is getting hotter. Although the new year is still more than a month away, Business Insider already named Nashville one of the 15 Hottest American Cities For 2015. “Nashville, Tennessee, will become the new center of the auto and healthcare industries,” authors Jennifer Polland and Melissa Stanger wrote. The article sites the abundance of growing health-care companies, jobs in the auto industry and ABC’s “Nashville” bringing fans to visit, and notes the city is the second most popular for recent college graduates. Nashville makes the list along with Atlanta, Oakland, Calif., Burlington, Vt. and more. Tennessean.com
Submitted 1 years 250 days ago

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The 8 Jobs In High Demand That Don't Require A College Degree
As the high demand for skilled labor continues to dominate conversations about hiring, some jobs that don’t require a college degree remain open month after month, with few workers to fill them. This list, compiled by CareerBuilder with Economic Modeling Specialists Intl. showcases roles for which a college degree is not required and where the number of jobs posted by companies each month far exceeds the number of workers employers are able to hire. Forbes.com
Submitted 1 years 250 days ago

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Obama’s Immigration Plan Seen Impacting Wages, Job Moves
WASHINGTON—President Barack Obama ’s move to potentially offer legal-worker status to several million undocumented immigrants will send unpredictable ripples through the U.S. economy, prompting many to seek higher-paying jobs and heightening competition for positions in a number of sectors, economists say. Those studying the potential impact of the president’s executive order, which he was expected to announce Thursday night, point to the Reagan-era 1986 Immigration Reform and Control Act, which allowed about 1.7 million undocumented immigrants to become lawful permanent residents and roughly one million farm workers to apply for a higher level of legal status. Wall Street Journal
Submitted 1 years 250 days ago

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Study: N.C.'s solar energy grew 127 percent in 3 years
Solar power in North Carolina between 2010 and 2013 grew by 127 percent, a new study shows, and is on pace to generate 20 percent of the state's power in about 15 years. According to a report released Thursday by Environment North Carolina, the rate of solar energy growth would be the equivalent of eliminating 4.5 million cars' worth of carbon pollution each year and bring the state three-fourths of the way toward achieving the Environmental Protection Agency's Clean Power Plan goal of cutting carbon pollution by 40 percent by 2030. Triangle Business Journal
Submitted 1 years 250 days ago

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Atl.-filmed ‘Mockingjay’ expected to break record in weekend opening
The movie "The Hunger Games: Mockingjay — Part 1", which was partially filmed in Atlanta, opens Thursday and is expected to have the biggest U.S. box office opening of the year. Exhibitor Relations says the film will likely take in $170 million or more this weekend, Forbes reports. "Transformers: Age of Extinction" has the biggest opening the year, so far, at $100 million, Forbes says. "Mockingjay," a science-fiction, action-adventure film from Lionsgate, is the third of four movies based on "The Hunger Games" trilogy by author Suzanne Collins. The fourth movie is set for a 2015 release. Click here to read more about opening predictions. Atlanta Business Chronicle
Submitted 1 years 250 days ago

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Invest Atlanta taps Craig Richard as new CEO
Atlanta Mayor Kasim Reed Thursday named a veteran economic development leader with experience in several major cities to head Invest Atlanta, the city's economic development agency. Craig J. Richard, former president and CEO of Greater Louisville Inc. – that city's chamber of commerce – will succeed Brian McGowan as president and CEO of Invest Atlanta. McGowan left earlier this year to become chief operating officer of the Metro Atlanta Chamber and interviewed recently with the Greater Sacramento Area Economic Council. Atlanta Business Journal
Submitted 1 years 250 days ago

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Delta makes it official -- picks Airbus over Boeing
Delta Air Lines Inc. picked the Airbus A350-900 and A330-900neo to replace older generation Boeing 747 and 767 aircraft starting in 2017 and 2019. Media reports earlier in the day pegged the deal's value at $14 billion. The Atlanta-based carrier said its order for 25 state-of-the-art Airbus A350-900 aircraft and 25 advanced Airbus A330-900neo aircraft fits within its existing capacity and capital expenditure plan and continues a focus on making cost-effective investments in its fleet. Atlanta Business Chronicle
Submitted 1 years 250 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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