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Obamacare is helping Texas, no thanks to Rick Perry and Ted Cruz
There aren’t many places in the country with stronger political opposition to Obamacare than Texas. Former governor (and presumed presidential candidate) Rick Perry described the implementation of the Obamacare as a “criminal act” that the country should not accept. The current governor, Greg Abbott, has sued the Obama administration over the Affordable Care Act and is showing no signs of warming up to the law anytime soon. Sen. Ted Cruz made a name for himself with a 21-hour fake “filibuster” in opposition to Obamacare and is currently running for president on the promise to repeal every single word of it. After the law was passed, Texas joined several other Republican-dominated states in refusing to expand Medicaid and refusing to set up its own state-based health insurance exchange. Texas clearly has it in for Obamacare. Salon.com
Submitted 1 years 326 days ago

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Bobby Jindal: GOP needs Obamacare replacement ‘today’
Louisiana Gov. Bobby Jindal said Friday that congressional Republicans need to present a replacement to Obamacare immediately, arguing it isn’t enough to fight for repeal or try to scrap parts of President Obama’s overhaul. Mr. Jindal, a Republican, said anti-Obamacare sentiment is why the GOP took control of Congress in the mid-term elections, but Americans will not trust the party unless it has ideas of its own. Washington Times
Submitted 1 years 326 days ago

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Ford, Toyota investments help Mexican auto industry boom
Investment in the Mexican auto industry is soaring as automakers take advantage of low labor costs, an increasingly sophisticated workforce and free trade agreements. Ford Motor Co. said Friday that it will spend $2.5 billion to build and expand engine and transmission factories in the Mexican states of Chihuahua and Guanajuato, creating 3,800 jobs. Post bulletin.com
Submitted 1 years 326 days ago

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Factory activity improves, but hiring dips
WASHINGTON — U.S. factories expanded in April at the same pace as in March, but manufacturers are starting to curtail hiring in a possible sign of weakness. The Institute for Supply Management, a trade group of purchasing managers, said Friday that its manufacturing index was unchanged at 51.5. Finance-commerce.com
Submitted 1 years 326 days ago

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Topre buys lot for new Smyrna factory
MURFREESBORO – The Japanese auto supplier that announced Wednesday it is opening a standalone manufacturing facility in Smyrna bought acreage for the building this week, according to county records. DNJ.com
Submitted 1 years 326 days ago

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Future Careers: 10 New Jobs People Will Have By the Year 2030
Today’s young people face the frustrating challenge of preparing for careers that may not even exist yet. Choosing a college major is hard enough without throwing in the distinct possibility that most of the jobs in your field will soon go by the wayside. Cathy N. Davidson, co-director of the annual MacArthur Foundation Digital Media and Learning Competitions, claims 65% of kids will end up with jobs that have yet to be created. Not only will we see new jobs in the future, but we’ll also see a lot of old jobs become obsolete. In a speech at The American Enterprise Institute, Bill Gates predicted that within just 20 years, many current jobs will be replaced by software automation. Gates emphasized the danger for low-skilled positions in particular, but added, “labor demand for lots of skill sets will be substantially lower.” Cheatsheet.com
Submitted 1 years 326 days ago

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Auto Supplier’s New Georgia Plant Supports Growth of German Companies in State
Georgia was quite pleased to add GEIGER Automotive, a manufacturer of plastic products for the auto industry, to its roster of German-based companies. GEIGER announced on April 30 that will open its first U.S.plant in the state and employ 120 over the next several years. Industryweek.com
Submitted 1 years 326 days ago

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In Labor vs. Capital, Workers Gain a Slight Edge
For decades, labor’s share of American national income has shrunk while the share that goes to profits has expanded. There are now tantalizing signs that labor may finally be gaining ground on capital. Wall Street Journal
Submitted 1 years 326 days ago

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What you don't know about Jeb Bush's economic record
By any reasonable analysis, Jeb Bush was a conservative governor. He cut taxes aggressively, he privatized state services, he shrunk the state workforce and he presided over Florida's credit rating rising to AAA, in large part by building up reserves. Tampa Bay Times
Submitted 1 years 326 days ago

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Xerox reopens Houston call center, creating 300 jobs
Xerox Corp. (NYSE: XRX) has reopened a Houston call center and is adding jobs. Connecticut-based Xerox renovated more than 21,000 square feet at 9800 Centre Parkway for the call center, which reopened in December, said Coco Salazar, Xerox corporate communications manager. The company began hiring for 300 customer care agents in March and has hired about 70 so far. Houston Business Journal
Submitted 1 years 326 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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