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Memories Of Houston, The Last Oil Plunge, And $10 Crude
In 1997 I was working for Bloomberg News in Houston and starting to shift my focus from technology to some of the emerging oil-service stocks that were bringing 3D imaging and high-speed computing to the oil patch. I hadn’t spent much time reporting about the oil industry before that because it just wasn’t exciting in a world where practically the entire sector outside of ExxonMobil could fit within Microsoft MSFT +1.37%’s market cap. Forbes
Submitted 1 years 334 days ago

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Cities That Could See Minimum Wage Raises in 2015
The federal minimum wage has stagnated and no increase is likely in the 114th Congress. But lack of progress at the national level has prompted state and city governments to take action. City-level minimum wage increases are a relatively recent phenomena. Santa Fe and San Francisco were among the first in the 2000s, but many others followed. In 2014, an increasing number of cities took the fight into their own hands; here’s a look at how and where those battles will continue this year. Nextcity.org
Submitted 1 years 334 days ago

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Why oil will go even lower
New data showing a surge in U.S. gasoline and diesel fuel supplies spell more trouble for oil prices but is good news for consumers. The Energy Information Administration on Wednesday reported that U.S. gasoline stocks rose by 8.1 million barrels last week, compared with expectations for a 3.4 million barrel build. Distillate stocks, including diesel fuel and heating oil, rose by 11.2 million barrels, more than five times the amount expected. CNBC
Submitted 1 years 334 days ago

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Klobuchar says U.S. is world's No. 1 oil producer
Considering the United States’ strength in energy production, the debate over building the Keystone XL pipeline has become a symbolic one, said Sen. Amy Klobuchar, D-Minn. Politifact.com
Submitted 1 years 334 days ago

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New Company to Bring 200 Jobs to Tupelo
TUPELO, Miss. — Officials from Raybern Foods, food manufacturer specializing in heat and serve sandwiches, announce the company is locating manufacturing operations in the former Sara Lee building in Tupelo, Miss., in Lee County. wcbi.com
Submitted 1 years 334 days ago

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Fla. could become Deep South's prime gay wedding destination
YULEE, Fla. — With gay marriage now legal in Florida, same-sex couples from around the Deep South crossed the border Tuesday as the Sunshine State became a prime regional destination for gay and lesbian weddings still banned back home. wsbradio.com
Submitted 1 years 334 days ago

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Under Armour starts hiring for Mt. Juliet TN facility
Under Armour has started the hiring process for management positions at its distribution center being built in Mt. Juliet. The Tennessean
Submitted 1 years 334 days ago

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ADP: US firms boosted hiring to 241K jobs in December
WASHINGTON — US businesses ramped up hiring last month in the latest sign that the nation's economy is expanding despite worries about global growth that have sent financial markets tumbling. Christian Science Monitor
Submitted 1 years 334 days ago

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UCF is hiring 100 new faculty members
The University of Central Florida has created 100 new full-time faculty positions throughout the academic colleges in one of its biggest hiring spurts in recent years. Orlando Sentinel
Submitted 1 years 334 days ago

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The American manufacturing renaissance that never was
President Obama is touting his record on saving the auto industry and spurring manufacturing activity, but a deep dive into the numbers shows his record leaves a lot to be desired. Fortune
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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