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Could negotiation end Keystone XL showdown?
WASHINGTON — Republican Sen. John Cornyn suggested Wednesday that GOP lawmakers and the White House could negotiate a deal on Keystone XL, a day after Obama administration officials threatened to veto legislation authorizing the controversial pipeline. “Right now, it’s real easy to say I’m not going to sign something when there’s no legislation on his desk,” said Cornyn, a Texan who serves as the Senate majority whip. “I’ve been around this place long enough to know there’s things that the president wants and there are going to be things that the Republican congress wants,” Cornyn said. “And between those two bookends, there ought to be some room for negotiation.” FuelFix.com
Submitted 1 years 334 days ago

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How $50 oil changes almost everything
The plummeting price of oil means no more trout ice cream. Coromoto, a parlor in Merida, Venezuela, famous for its 900 flavors, closed during its busiest season in November because of a milk shortage caused by the country’s 64 percent inflation rate, the world’s fastest. That’s the plight of an oil-producing nation. At the same time, consuming countries like the U.S. are taking advantage. Trucks, which burn more gasoline, outsold cars in December by the most since 2005, according to data from Ward’s Automotive Group. FuelFix.com
Submitted 1 years 334 days ago

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Private Sector Adds More Than 2.5 Million Jobs in 2014
The U.S. private sector has added more than 2.5 million jobs last year, and some economists say that if the pace of hiring continues, the nation could return to full employment by this time next year. The rosy view can be attributed to the latest employment figures reported by payroll processor Automatic Data Processing and analysis provider Moody’s Analytics. Their report shows private-sector payrolls in the U.S. jumped by 241,000 in December, surpassing the 235,000 increase projected by economists. The U.S. private sector has now added more than 200,000 jobs for four consecutive months. Time.com
Submitted 1 years 334 days ago

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Private Sector Adds 241,000 Jobs in December
U.S. private employers added 241,000 jobs in December, beating the median forecasts of analysts, a report by a payrolls processor showed on Wednesday. Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 226,000 jobs. November's private payrolls were revised up to 227,000 from the previously reported 208,000. The report is jointly developed with Moody's Analytics. The ADP figures come ahead of the U.S. Labor Department's more comprehensive nonfarm payrolls report on Friday, which includes both public and private sector employment. FoxBusiness.com
Submitted 1 years 334 days ago

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Obama to launch manufacturing innovation hub during visit to Knoxville area
WASHINGTON — President Barack Obama will use his trip to the Knoxville area on Friday to propose more ways to help young Americans go to college and to launch a manufacturing innovation hub, the White House said Wednesday. The innovation hub will involve a private-sector partnership that will attract more good-paying, middle-class jobs in high-tech manufacturing to Tennessee, according to a blog post on the White House website. No other details were made available. But similar manufacturing hubs were launched last year in Chicago, Detroit and Raleigh, N.C. CommerialAppeal.com
Submitted 1 years 334 days ago

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Major HVAC manufacturer to build $417M Houston campus
Daikin Industries Ltd. will build a new $417 million campus in the Houston area to expand its Goodman operations in the U.S., the largest single investment in Goodman's four-decade history. The Japan-based manufacturer of heating, cooling and refrigerant products acquired Houston-based Goodman Global Group Inc., a manufacturer of HVAC products for residential and light commercial use, in 2012. Houston Business Journal
Submitted 1 years 334 days ago

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Chevron discovers new oil in Deepwater Gulf
Chevron Corp. has discovered oil in its Gulf of Mexico Anchor well and will begin appraisal drilling in the coming months. Amid tumbling oil prices world-wide, this is Chevron’s second discovery in the deepwater Gulf in less than a year. Marketwatch.com
Submitted 1 years 334 days ago

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Georgia is national leader in solar power
Georgia’s abundant sunshine, coupled with the business strategies of Georgia Power and the state’s electric power cooperatives, have combined to make the state a national leader in solar energy, Georgia Public Service Commissioner Tim Echols told a small gathering on Monday in Oconee County. Athens Banner Herald
Submitted 1 years 334 days ago

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With Mercedes-Benz’s Move to Atlanta, Who Gets the Jobs?
For years, American civic boosters lived with the threat (and reality) of the local plant closing up shop and moving overseas. Now, with U.S. manufacturing trending up (from 2010 to 2012, the sector grew 4.3 percent), mayors and economic development directors increasingly are worrying more about the city next door than the city halfway around the world. For many, that worry translates into using tax credits to lure big companies — even though the benefit of such incentive packages is questionable. Nextcity.org
Submitted 1 years 334 days ago

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Oil price plunge hasn't affected Louisiana jobs - yet
Job losses due to sinking oil prices may plague Louisiana — but not yet. Rumblings about such jobs at risk reverberated around neighboring Texas last week, based on a Federal Reserve Bank in Dallas model. That model suggested some 250,000 jobs may be at risk in eight oil-producing states — including Louisiana. About half of those job losses — 125,000 — would be in oil-soaked Texas. wwltv.com
Submitted 1 years 334 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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