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Guess who's spending billions to create US jobs
New York is a big state with a long history of doing things big. That is especially true when it comes to subsidizing business. According to the watchdog group Good Jobs First, the Empire State has awarded nearly 72,000 subsidies to corporations, mostly since 2007, worth $22.6 billion. That is more than any other state and nearly twice the amount of its nearest competitor, Washington state. CNBC
Submitted 1 years 286 days ago

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Unions Flex Muscle to Fight Pacific Trade Bill
Retired welder Lonnie Vick had a warning for Rep. Steny Hoyer as he held a banner at a recent union rally outside the Democrat’s office: Vote against a trade bill or organized labor will vote you out of office. “I can get out and rally the troops,” said Mr. Vick, who is concerned that local manufacturing jobs will be sent overseas if Congress approves the Trans-Pacific Partnership among the U.S. and 11 other nations. Wall Street Journal
Submitted 1 years 286 days ago

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The Congressional trade debate, explained in 6 factions
Few issues shuffle Washington around into weird alliances like trade policy. President Obama's two ambitious, legacy-defining trade deals with Pacific Rim countries and Europe are no different. Obama is trying to get Congress to let him negotiate the deals without lawmakers' input until the very end, when Congress would get a yes-or-no vote on each deal. It's known as "fast-track authority." The Senate approved the president's power to do that in last month, but the bigger challenge is in the House of Representatives. Washington Post
Submitted 1 years 286 days ago

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How the lack of good jobs, pay for millennials fouls up the economy
After riots broke out in Baltimore in April, the son of the owner of the Orioles baseball team famously lamented the loss of middle-class jobs that “plunged millions of good, hard-working Americans into economic devastation.” Marketwatch.com
Submitted 1 years 286 days ago

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U.S. Manufacturers Temper Expectations for Hiring and Investment
U.S. manufacturers are dialing back expectations for hiring and investment, the latest evidence of the lingering fallout from a sharp economic slowdown in the first quarter of the year. The National Association of Manufacturers in a quarterly outlook survey found its members now expect capital investment to grow 1.9% over the next 12 months, down from a 2.3% forecast in March. Full-time employment is expected to expand only 0.8%, down from 1.9%, and wages are seen rising 1.6%, down from 1.9%. Wall Street Journal
Submitted 1 years 286 days ago

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Is there a renaissance in US manufacturing? Numbers don't add up
When it comes to the manufacturing sector in the U.S., it's not quite "Happy Days Are Here Again," as some have been singing for the past few years. Once you look closely at the data, it's more like "Those Were the Days." CNBC
Submitted 1 years 286 days ago

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How the U.S. Gets Manufacturing Policy All Wrong
There is a disruptive revolution under way in manufacturing—and the U.S. needs to stop fighting it. For years, Washington has made increasing manufacturing employment a priority, hoping to engineer a return to the time when high-school graduates could use factory jobs as a route to the middle class. Sadly, that isn’t going to happen. Of the 5.7 million manufacturing jobs that disappeared in the 2000s, only 870,000 have returned so far, according to the Bureau of Labor Statistics, and the claim that millions more are coming back is nothing more than a myth. Wall Street Journal
Submitted 1 years 286 days ago

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Study: All 50 States Could Run On Renewable Energy By 2050
A new study by California researchers outlines a pathway for all 50 states to run entirely on renewable energy by 2050. The researchers, led by Stanford University engineering professor Mark Jacobson, calculated states' power demands if all fuel consumption was replaced with electricity, then examined their potential for various renewable sources to accommodate that demand. Manufacturing.net
Submitted 1 years 286 days ago

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Disrupting The Way We Think About Older Workers
It is time to disrupt aging. Shifting demographics, increased life expectancy and a host of other factors are putting substance to the notion that for those of us who have crossed the half-century mark, the best really is yet to come. We all must think differently about what it means to grow older in our nation. Forbes
Submitted 1 years 286 days ago

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70 jobs created in wind energy project
WEST MEMPHIS, Ark. -- More than 70 new jobs will be coming soon to eastern Arkansas. A European company, Sediver, will be opening up shop in West Memphis. They'll be making insulators and other components for power lines. Sediver will be a big supplier to Clean Line Energy, helping them collect and transport wind energy in Arkansas. Thv11.com
Submitted 1 years 286 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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