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African-American men in New Orleans are an untapped workforce, new report says
Beleaguered by high unemployment and an economy drifting away from blue-collar jobs that had kept many African-American men employed in past decades, New Orleans needs to do a better job of educating and advancing the careers of black men, according to a report that Loyola University released Wednesday. Times-Picayune
Submitted 1 years 340 days ago

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GE Aviation plans to open new plant in NC
ASHEVILLE, N.C. — A company that specializes in jet engines and aircraft system production plans to break ground this year on a parts factory near Asheville. GE Aviation's new facility is being built next to an existing GE machining plant. The company says the new plant will produce engine components made of advanced ceramic matrix composite materials. wrap.com
Submitted 1 years 340 days ago

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Former NC Gov. Jim Holshouser dies
PINEHURST, N.C. — Former Gov. Jim Holshouser, the first Republican to be elected as North Carolina's chief executive in the 20th century, died Monday. He was 78. wral.com
Submitted 1 years 340 days ago

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Always Low Wages: Meet the Billionaires Who Run Ark.-based Walmart
This week Walmart shareholders will gather in the retail giant’s Arkansas backyard and re-elect a board of directors charged with guiding the company over the coming years. Walmart’s board—rife with billionaires and industry titans—has recently become a lightning rod for company critics. During their lengthy and high-profile business careers, several board members have faced allegations—from worker exploitation to financial malfeasance—that parallel those facing Walmart itself. The Nation
Submitted 1 years 340 days ago

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How the Immigration Reform Debate Could Make or Break Marco Rubio
Two weeks remain until Congress is scheduled to break for the Fourth of July holiday, which Senate Majority Leader Harry Reid has declared is the deadline for his chamber to complete work on a comprehensive immigration reform bill. With the clock ticking, and amendments piling up, backers of the proposal took to the Sunday talk shows to tout its prospects for final passage. PBS.org
Submitted 1 years 340 days ago

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Marco Rubio: Obama Could Arm al Qaeda in Syria
Republicans on Sunday blasted President Obama for failing to intervene sooner in the Syrian civil war, saying the lack of action has allowed groups with ties to al Qaeda to get in the fight. The Fiscal Times
Submitted 1 years 340 days ago

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Will North Carolina Shape the Future of the Senate?
The Republican Party’s hopes for a Senate majority will rise and fall on 2014 elections in seven red states where Democratic senators are running for reelection or retiring. If the GOP is going to capture the six seats necessary for control of the upper chamber, the bulk of its victories—possibly even all of them—will come from this red-state septet. National Journal
Submitted 1 years 340 days ago

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Workforce Training
Facing a shortage of qualified workers in its new gas-turbine factory in Charlotte, N.C., this engineering and electronics multinational decided to create its own, to the benefit of young workers in the community. In 2011, Siemens launched an apprenticeship program that recruits noncollege-track seniors from nearby Olympic High School. The students take classes at Central Piedmont Community College, in addition to working in the plant for an hourly wage. At the end of the apprenticeship, they have associate degrees and guaranteed jobs at Siemens. The program has proven so successful that Siemens has built in funding for five years, and President Obama has held it up as an example to follow in skills training. National Journal
Submitted 1 years 340 days ago

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Of 5 U.S. metros that saw income decline, 2 were in Alabama
It's always good economic news when a group of individuals see their incomes increase over time. Unfortunately, the latest income data isn't good news for everyone in Alabama. al.com
Submitted 1 years 340 days ago

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Industrial Output in U.S. Unchanged as Utility Use Drops
Manufacturers in the U.S. boosted production in May for the first time in three months, signaling the worst of the industrial slump is over. Factory output climbed 0.1 percent after dropping 0.4 percent in April and 0.3 percent in March, according to Federal Reserve data issued today in Washington. Another report showed consumer sentiment declined this month from a six-year high. Bloomberg
Submitted 1 years 340 days ago

 

 

 

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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Urban areas have all kinds of assets that are easy to spot. They have the population, so the labor shed is not usually an issue. Urban areas are also connected by better roads, rail and air service and many have river and deep water ports. Usually Internet access and other forms of communication are more efficient in urban areas. And you have a larger array of quality of life options to choose from, such as the cultural assets found in metropolitan areas.
 

 Randle Report - Business News in the South

 FEATURE  
By Stacy Randle
Demographer Wendell Cox recently analyzed the largest gains in holders of bachelor's and post-graduate degrees between 2007 and 2012 in the 51 metro regions in the U.S. of 1 million residents or more. The results were published in Forbes magazine and the South dominated the ranking.
 

 Business News in the South - Randle Report

FEATURE     
After I finished the cover story for this issue, I read an interesting article by economist Paul Krugman, the op-ed columnist for the New York Times, titled, "Partying like it’s 1995." Generally I side with Krugman, even though I am a journalist, not an economist. Occasionally, though, I read some of his stuff and ask myself, "What planet did Krugman come from?" Like when he predicted a shift of automotive assembly to Canada after Toyota announced a new plant in Woodstock, Ontario in 2005 because of "free healthcare," among other benefits. That Toyota deal was the last major automotive assembly plant announced in Canada and I predict it will be the very last one for the Canadians.
 
 Nashville Mayour Karl Dean
If you have ever seen one of my presentations, then you know about the word "reshoring" and how that phenomenon has lifted the spirits of even the most skeptical Southerners regarding the future of the region's economy. After all, in the last four decades, manufacturing has suffered a bloodletting never before seen in U.S. history. The biggest factor behind the slow and long meltdown that began in the 1990s was the herd mentality to offshore manufacturing capacity to cheaper locales, primarily by U.S.-owned companies.
 


 

 

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