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‘Cancel Order!’ Trump Attacks Plans for Upgraded Air Force One
WASHINGTON — President-elect Donald J. Trump, who has for years flown in a jet bearing his name, appeared to cancel a pending order for a new Air Force One, saying Tuesday morning on Twitter that the upgrade would cost too much. New York Times
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Want to Bring Back Jobs, Mr. President-Elect? Call Elon Musk
Donald Trump: Please think about calling Elon Musk. President-elect Trump has spent a lot of time talking about how he plans to reinvigorate the manufacturing sector, repeatedly telling the public on the campaign trail, “We are going to bring back jobs that have been stolen from you.” And yet the group of business luminaries he named on Friday to advise him on “job creation” — which included Jamie Dimon of JPMorgan Chase, Robert Iger of Disney and Mary Barra of General Motors — was missing a key name: Mr. Musk, the real-life Tony Stark behind Tesla, the electric car company; SolarCity, the solar power provider; and SpaceX, the rocket company. New York Times
Submitted 4 hours ago

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Trump’s claims about jobs saved at Carrier come into question
Donald Trump visited a Carrier plant in Indiana last week, touting his role in a controversial deal in which the company will receive $7 million in taxpayer money to save some domestic jobs, even as Carrier announced plans to move even more jobs to Mexico. As part of his appearance, the president-elect referenced some relatively specific numbers. “I will tell you that United Technologies and Carrier stepped it up,” he said, “and now they’re keeping – actually the number’s over 1,100 people, which is so great, which is so great.” Is that true? Not exactly. WTHR, the NBC affiliate in Indianapolis, took a closer look and found that the agreement “may not have saved as many factory jobs” as Trump claimed. MSNBC
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How many US manufacturing jobs were lost to globalisation?
Strictly speaking, it’s impossible to answer this question. Human societies are extraordinarily complex systems nobody really seems to understand. We can’t credibly say we have any idea what the world would look like today if we’d made a few tweaks over the past few decades. That said, we thought it might be interesting to imagine what things might have looked like if the proportion of American demand for manufactured goods satisfied by domestic production had remained constant since 1990. Ft.com
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What's the state of St. Petersburg's economy? Despite some hurdles, it's hard not to celebrate the boom
Everyone should take a moment to appreciate the stunning transformation of St. Petersburg from its former nickname as "God's Waiting Room" to a city whose abundance of economic development opportunities under way nearly defies the ability of its leaders to capture them all. City officials tried, nonetheless, on Tuesday. The city's second annual "state of the city economy" gathering at USF St. Petersburg attracted nearly 200 to hear top city officials celebrate a town bursting with new construction of residential condos and apartments, new and compelling museums, a pier and renewed waterfront in the making, lower unemployment closing in on 4 percent and even lower poverty this year over last, among a host of thumbs-up economic indicators. Tampa Bay Times
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Magna International constructing fourth manufacturing plant in South Carolina
COLUMBIA, S.C. – Magna International, a leading global automotive supplier, is constructing a new seat manufacturing plant in Spartanburg County. Representing its fourth manufacturing plant in South Carolina, the company is projected to invest $29 million in the facility, creating 480 new jobs over the next five years. SC Commerce
Submitted 4 hours ago

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A Foundation's Hopeful Vision for a More Equitable American South
A few weeks ago, after Donald Trump's electoral victory, Ford Foundation President Darren Walker wrote about the importance of finding hope during challenging times. Well, a nice thing about hanging around the philanthropy world is that such hope is never hard to come by; at any given time, there's always some funder stepping forward with an optimistic view of how things can be made better. One area where we've been seeing some hopeful thinking in philanthropy lately is the American South. That region, of course, has seen some of the cruelest injustices in our history and it's still home to some of America's most entrenched inequities. But as we've reported, philanthropy has been booming across the South, and you'll find quite a few funders who are pushing hard for a more equitable and tolerant future here. Insidephilanthropy.com
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N.C. must address rampant economic insecurity
Of the many messages emerging from the recent elections, one theme stands out: unrest stemming from economic insecurity. Across the country, our citizens are feeling extremely uneasy about their current and future economic prospects. This is true across geographic regions and demographic background, but it is felt strongest within communities in the lowest socio-economic strata. Charlotte Observer
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Supreme Court on NC gerrymandering: ‘Is it politics or is it race?’
A divided and short-handed Supreme Court on Monday questioned whether race or politics was the main factor used in drawing the controversial boundaries around two majority-black congressional districts in North Carolina. The case, on appeal to the Supreme Court after a panel of three federal judges earlier this year found evidence of racial gerrymandering, could serve to clarify what federal law says about how state legislatures can use racial demographics when drawing voting district lines. News Observer
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The North Carolina Governor's Race Is Finally Over
DURHAM, N.C.—Governor Pat McCrory has conceded the North Carolina gubernatorial race to Democrat Roy Cooper, ending the nation’s longest-running governor’s race. McCrory announced his decision in a video posted at about noon on Monday. “Being the 74th governor of North Carolina has been a privilege and an honor, but during this wonderful season it’s also time to celebrate our democratic process and respect what I see to be the ultimate outcome of the closest North Carolina governor’s race in modern history,” he said. “Despite continued questions that should be answered regarding the voting process, I personally believe that the majority of our citizens have spoken and we now should do everything we can to support the 75th governor of North Carolina, Roy Cooper.” The Atlantic
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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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