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Vanguard Furniture Plans To Open Carroll County, Virginia, Manufacturing Hub
Vanguard Furniture, a high-end upholstery producer, will invest $550,000 to establish its first Commonwealth household furniture upholstery production operation in Carroll County, Virginia. The project will create more than 200 new jobs. Area Development
Submitted 1 years 344 days ago

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Bank of America could shell out as much as $10 billion
Citibank just agreed to a seven billion dollar settlement with the Justice Department. Paul Miller, Managing Director of FBR Capital Markets, says in spite of settlements, so far, the big banks are showing decent results. “I mean, you saw JP Morgan blow numbers away," he says. "Citi beat numbers," and while Wells Fargo didn’t beat expectations, Miller calls the bank's earnings acceptable. Marketplace.org
Submitted 1 years 344 days ago

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7 of 10 worst states to live if you lose your job are Southern
While the nation’s unemployment rate has improved in recent years, dropping to 6.3% in May, the lowest its has been since September 2008, there are still nearly 12 million Americans who are out of work. In some states, the unemployed have to contend with slow job growth, extreme competition and limited benefits. In other parts of the U.S., the situation is markedly better. Marketwatch.com
Submitted 1 years 344 days ago

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Save Money. Win a Prize. Why More States Encourage This.
Nearly a dozen states believe they’ve found a way to encourage people to save more money—and have fun doing it. And the idea costs not a dime in state funds. Four states—Michigan, Nebraska, North Carolina and Washington—now allow credit unions to offer cash prizes as an incentive to encourage people to save more. The Fiscal Times
Submitted 1 years 344 days ago

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Missouri Governor Vetoes Bill Allowing Teachers To Carry Concealed Weapons At School
Missouri Gov. Jay Nixon vetoed a bill Monday which would have allowed teachers and administrators to carry concealed weapons in schools. The bill would have designated certain school officials as “school protection offers” who would have to complete a 100-hour police training in order to carry a gun. Additionally, the bill would lower the age requirement for concealed weapons from 21 to 19, allow gun owners to carry their weapons openly in the state (despite bans in certain cities), and require public housing authorities to allow their tenants to possess firearms. The bill passed the GOP-controlled legislature in May, but the veto came on the last day Nixon had to act on the legislation. Think Progress
Submitted 1 years 344 days ago

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Ten Scientists Want A Meeting With Florida’s Governor To Explain Climate Change
If you’re not a scientist, presumably you should listen to people who are when grappling with climate change. That is the logic, at least, of a group of scientists who sent Florida Governor Rick Scott (R) a letter on Tuesday requesting a meeting so they can explain to him the science of climate change. The Tampa Bay Times reported that ten prominent scientists, including professors at the University of Miami, Florida State, Florida International and Eckerd College, signed the letter, which read in part “it is crucial for policymakers, such as yourself, to have a full understanding of the current and future threats to Florida.” Think Progress
Submitted 1 years 344 days ago

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America’s Most Cosmopolitan Metropolises, See Which Are Southern
A reader asked us this week if we could figure out how long people live in New York City before they start calling themselves New Yorkers. As a Brit (or to use the Census Bureau’s term, a member of the New York’s “foreign-born population”) who arrived in New York only five months ago, I don’t yet think of myself as one. That got me wondering (partly because I can’t find a survey that tackles the messy question of how New Yorkers think of themselves), how many other residents of the city were, like me, born abroad? Fivethirtyeight.com
Submitted 1 years 344 days ago

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AT&T plans to bring more jobs to Oklahoma
OKLAHOMA CITY – More jobs are coming to Oklahoma. AT&T announced plans to hire more than 300 workers in Oklahoma. kfor.com
Submitted 1 years 344 days ago

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Rand Paul vs. Rick Perry: Who's winning? (+video)
This Rand Paul versus Rick Perry GOP thunderstorm popped up pretty fast, didn’t it? It was a dark cloud on the horizon on Friday, when Governor Perry of Texas published an op-ed in The Washington Post that attacked Senator Paul as a foreign policy isolationist. Paul is reluctant to devote more US troops and weapons to Iraq, and Perry used that position to portray the Kentucky lawmaker as the reverse of Ronald Reagan, as someone who wants to hunker down at home rather than lead the world. Christian Science Monitor
Submitted 1 years 344 days ago

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Rand Paul and Rick Perry are having the most important debate of the 2016 election
Last weekend, Texas Gov. Rick Perry accused Sen. Rand Paul of being too much of an "isolationist." This week, Paul fired back, asking Perry how many American kids should die for an Iraq that Iraqis won't or can't defend themselves. The Week
Submitted 1 years 344 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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