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What China's yuan devaluation means
BEIJING (AP) — China devalued its tightly controlled currency Tuesday following a slump in trade, allowing the yuan's biggest one-day decline in a decade. Business Insider
Submitted 1 years 224 days ago

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China just devalued its currency
China's central bank has just devalued its currency. In a sign Beijing is anxious to make its exports more competitive as the nation’s economy slows, the People's Bank of China set the yuan midpoint at 6.2298 against the US dollar, 1.85% weaker than Monday’s closing level. Business Insider
Submitted 1 years 224 days ago

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Three Arkansas solar projects in the works
As the EPA seeks tougher emissions reduction standards across the country, utilities in the Natural State are turning to solar energy-generation projects. Thv11.com
Submitted 1 years 224 days ago

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Entergy announces phase out of White Bluff Coal Plant
Late last week, Entergy Arkansas announced the proposed phase out of coal use at its White Bluff power plant in Redfield, the state's largest and dirtiest coal-fired power plant. Retirement of the 1,700-megawatt plant will help the company affordably meet the requirements of the Regional Haze Rule, a commonsense safeguard from the Environmental Protection Agency (EPA) aimed to protect the Buffalo National River, Ouachita National Forest and Caney Creek Wilderness from harmful pollution. The announcement comes after years of advocacy from local parents, health and environmental groups to phase out the outdated coal plant and invest in clean energy. Thv11.com
Submitted 1 years 224 days ago

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Military cuts push July job cut tally to highest in almost four years
Job cuts in July crested to the highest level in nearly four years as U.S. employers announced plans to shed 105,696 workers from their payrolls in July, according to the most recent monthly report from global outplacement firm Challenger, Gray & Christmas Inc. Thecitywire.com
Submitted 1 years 224 days ago

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Hey Alabama lawmakers- Quit worrying about Auburn national titles and do your jobs
There is an old phrase that many of us Southerners will recognize: high cotton. "High cotton" is a time when things are going well. Literally, it means the crops are growing, the money is coming in and things are on an upswing. When the cotton's high, you can think of how you'd like to invest the revenue from the bumper yield. If things aren't going well – when the cotton just won't grow – that's when you buckle down, tighten your belt and get to work. AL.com
Submitted 1 years 224 days ago

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State Senator Sets Up GoFundMe to Fix Alabama’s Finances
He's seeking $300 million An Alabama state Senator has set up a GoFundMe page to raise money for the state’s government. TIME
Submitted 1 years 224 days ago

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Economic development group makes hard sell
It’s not easy selling a community to outside businesses and investors. Despite incentives, such as tax breaks and free land, recruiting industry is a challenge, especially when other states are wooing the same companies. Competition can be fierce. Navarrepress.com
Submitted 1 years 224 days ago

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Birmingham auto supplier looks to expand with $80 million facility, add 120 jobs
Auto parts supplier Kamtek is looking to expand its operations in Birmingham with a new, $80 million manufacturing facility. Kamtek plans to invest about $80 million to establish the 148,000-square-foot facility on Sterilite Drive in Pinson Valley. The facility will produce aluminum automotive casting parts for major auto manufacturers in the U.S. The expansion will create an estimated 120 jobs. AL.com
Submitted 1 years 224 days ago

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That's The Randle Report for August 10, 2015
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 225 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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