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200 U.S. Postal Service jobs coming to Greensboro from Roanoke
Greensboro will get 200 U.S. Postal Service jobs as a processing center in Roanoke, Va., is consolidated into operations here. Triangle Business Journal
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Harsh weather cools U.S. consumer sentiment from record high
U.S. consumer sentiment fell in February affected by harsh weather, the Thomson Reuters/University of Michigan index of consumer sentiment revealed on Friday. The final reading of the consumer sentiment in February fell to 95.4 from 98.1 in January, an 11-year high level. Globalpost.com
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Former Gov. Rick Perry speaks at CPAC
Among all the speakers who’ve come and gone on day two of the Conservative Political Action Conference, my favorite thus far has been former Texas governor and affable dunce Rick Perry. He came roaring out onto the stage to the accompaniment of AC/DC’s “Back in Black,” and then twirled off a loud and mostly articulate rendition of what will become his 2016 stump speech. It had all the hallmarks of your standard CPAC address: the world’s falling to pieces and it’s Obama’s fault; the economy sucks and it’s Obama’s fault; the unemployment rate is a “sham” (probably perpetrated by Obama); and even though everything is terrible there’s hope for the future because of freedom, America, freedom, liberty, America, etc. Salon
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Louisiana governor's budget: Avoid tax hikes, but limit cuts
BATON ROUGE, La. (AP) — As Louisiana Gov. Bobby Jindal offers a $24.6 billion state budget proposal, the potential presidential hopeful is seeking to protect his longstanding refusal to raise taxes while avoiding deep slashes to health care and colleges that might damage a national campaign. Houston Chronicle
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OUT to LUNCH
The Randle Report is breaking for lunch and making way for a new editor shift. Click on the headline above to access Southern Business & Development's Web site for more detailed information on economic development in the South. Posts will resume at 1:00 pm CDT.
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VIDEO: POLITICO Playback


Politico
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Rick Perry: 'The Unemployment Rate Is A Sham'
NATIONAL HARBOR, Md. -- In a speech that jumped between trashing President Barack Obama and allowing that some people may not believe in climate change, former Texas Gov. Rick Perry (R) warned the crowd at this year's Conservative Political Action Conference not to trust the falling unemployment figures coming out of Washington. Huffington Post
Submitted yesterday

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Rick Perry Is Trying to Get His Groove Back at CPAC
Rick Perry is on the hunt for redemption. The former governor of Texas presented himself as a retooled candidate at the Conservative Political Action Conference on Friday, who came to "speak plainly about the world we live in." He also played up his tough-talking Texan image, and made a promise not to back down from Iran or ISIS if he is elected to the White House in 2016. National Journal
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Low Oil Prices Drain Some But Energize Most Local Economies
The dramatic drop in oil prices will be a drag on some local government’s health but overall, experts say the price drop will dump a welcome infusion of cash into local government coffers. During the last six months of 2014, oil prices fell by some 44 percent while the average gasoline price fell by 30 percent in the U.S. That means that for local governments that depend on the oil industry, growth will slow to nearly a standstill. Governing.com
Submitted yesterday

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U.S. economy slows in fourth quarter, but growth outlook still favorable
U.S. economic growth braked more sharply than initially thought in the fourth quarter amid a slow pace of stock accumulation by businesses and a wider trade deficit, but the underlying fundamentals remained solid. Gross domestic product expanded at a 2.2 percent annual pace, revised down from the 2.6 percent pace estimated last month, the Commerce Department said on Friday. The economy grew at a 5 percent rate in the third quarter. With consumer spending accelerating at its quickest pace since the first quarter of 2006 and sturdy gains in other measures of domestic demand, the slowdown in growth is likely to be temporary. Reuters
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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Just look around at what's happening in the aerospace industry in the American South. Aerospace is really making a move to become one of the region's top two industry sectors. It’s not there yet, but if large project counts are any indication, aerospace may soon challenge the petrochemicals sector as the second largest industry in the region. Never before has the aerospace industry been so important to the South's economy. Oh, what's the No. 1 industry sector in the South? Automotive is, of course. That industry hasn't been challenged much for 25 years in this region, or since we’ve been counting.

 

 Randle Report - Business News in the South

 FEATURE  
By Stacy Randle
Demographer Wendell Cox recently analyzed the largest gains in holders of bachelor's and post-graduate degrees between 2007 and 2012 in the 51 metro regions in the U.S. of 1 million residents or more. The results were published in Forbes magazine and the South dominated the ranking.
 

 Business News in the South - Randle Report

FEATURE     
This is our annual "Made in the South" issue and it's timely because there is a new player in the South's manufacturing universe. For almost two decades, economic developers and politicos in the South and the U.S. have been chasing Chinese projects with little or nothing to show. Want proof we've been chasing ghosts in China for years? Okay, go ahead and name a Chinese brand that's made in the South? Tick. . .tick. . .tick. Give up?
 
 Nashville Mayour Karl Dean
If you have ever seen one of my presentations, then you know about the word "reshoring" and how that phenomenon has lifted the spirits of even the most skeptical Southerners regarding the future of the region's economy. After all, in the last four decades, manufacturing has suffered a bloodletting never before seen in U.S. history. The biggest factor behind the slow and long meltdown that began in the 1990s was the herd mentality to offshore manufacturing capacity to cheaper locales, primarily by U.S.-owned companies.
 


 

 

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