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GOP is bamboozling Americans, Obama says
President Barack Obama’s done running for office, but not making fun of Republicans. In a speech to the Democratic National Committee’s winter meeting Friday in Washington, Obama ripped into Hill Republicans — and Sens. Mitch McConnell and Rand Paul (R-Ky.) in particular — for attempts to “spin” and “bamboozle” Americans by claiming to be for the middle class. Politico
Submitted 1 years 334 days ago

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Work begins on wood pellet plant in Sampson County, 160 jobs coming
When an international energy corporation announced plans to build a pair of wood pellet processing plants in the Cape Fear region last September, state and local officials said they couldn't wait to get started. This month, finally, they got their wish. Construction began this month on a northeastern Sampson County wood pellet plant. A second plant, in Richmond County near Hamlet, will begin as soon as the Sampson County plant is finished. Fay observer.com
Submitted 1 years 334 days ago

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Health Care Opens Stable Career Path, Taken Mainly by Women
HUNTINGTON, W.Va. — For Tabitha Waugh, it was another typical day of chaos on the sixth-floor cancer ward. The fire alarm was blaring for the second time that afternoon, prompting patients to stumble out of their rooms. One confused elderly man approached Ms. Waugh, a registered nurse at St. Mary’s Medical Center here, but she had no time to console him. An aide was shouting from another room, where a patient sat dazed on the edge of his bed, blood pooling on the floor from the IV he had yanked from his vein. New York Times
Submitted 1 years 334 days ago

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Kasich out of tune with W.Va. GOP on ‘right to work’
Ohio Gov. John Kasich, a Republican, said he’s seen no evidence that not being a right-to-work state has kept businesses from locating in Ohio. West Virginia Republicans, under the leadership of Senate President Bill Cole (right) are pushing for a right-to-work law in the Mountain State, arguing that it will attract businesses. Charleston Gazette
Submitted 1 years 334 days ago

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Bank of America chips away at brokerage industry truce
For the last decade, Wall Street brokerages have had a pact not to sue brokers that leave their firms and try to take clients with them. Now Bank of America BAC.N Merrill Lynch, one of the founding signers of the truce, is taking steps to erode the agreement, industry lawyers say. Reuters
Submitted 1 years 334 days ago

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Virginia state budget spares $30 million for localities
Local governments will be spared from having to return more than $30 million to the state in the next fiscal year under an agreement reached by budget negotiators as they speed toward early completion of the two-year state budget this week. Roanoke.com
Submitted 1 years 334 days ago

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Wal-Mart's wage hikes will have Texas-size impact in state
Workers in Texas versus many other states will benefit more from Wal-Mart’s plan announced Thursday to increase its entry-level pay to $9 an hour by April and to $10 an hour by February. Here’s why: Dallas Morning News
Submitted 1 years 334 days ago

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Ancient and Modern Cities Have the Same Urban Patterns
When it comes to ancient and modern cities, their structure isn't all that different. Scientists have taken a closer look at the functioning of both old and new cities and have found that ancient human settlements worked in much the same way as modern ones. Scienceworldreport.com
Submitted 1 years 334 days ago

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Governors to meet with Obama at the White House Monday
WASHINGTON (AP) - As they gather in Washington, many of the nation's Republican governors are blaming President Barack Obama for a budget standoff that threatens a potential Department of Homeland Security shutdown. Philly.com
Submitted 1 years 334 days ago

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Miami Beach Edition sells for $230 million
The Miami Beach Edition, which opened to acclaim and $1,000-a-night room rates in December, has been sold. Marriott International, which developed the project, said Thursday that it had sold the 294-room property to companies owned by the Abu Dhabi Investment Authority for $230 million. The Maryland-based hotel company announced in 2013 that it intended to sell three Edition hotels — in Miami Beach, London and New York — to the sovereign wealth fund for a total of $800 million while holding on to long-term management agreements. Marriott bought shuttered remains of the old Seville Hotel, 2901 Collins Ave., in 2010 for $57.5 million. When it opened in December, the property became the first Edition hotel in the continental United States. Miami Herald
Submitted 1 years 334 days ago

 

 

 

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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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