Bookmark and Share Business News in the South from The Randle Report

 

Sign up for Randle Report Daily Emails for all The South's Business and Political News Follow Randle Report on Facebook for Business News in the South Follow Randle Report on Twitter for all The South's Business and Political News

 

 
18
Likes

Dollar gains as US manufacturing booms
Fresh signs of strength in the US economy offered support to the dollar as it climbed to multi-month highs and maintained pressure on Treasury bond prices and gold, although equity markets struggled for traction ahead of a number of key risk events later this week. ft.com
Submitted 2 years 96 days ago

-4
Likes

Wage growth in the U.S. is stuck in the 70s
When Jamaad Reed started his job as a cashier at a Walmart near Cincinnati, he made $8.15 an hour. That was two years ago. Since then, he has seen a couple of raises, which have meant his wage has kept up with inflation — but just barely. As of March of this year, Reed was making $9.05 an hour. “I'm stuck,” he told me recently. “You know what I'm saying? I feel like I'm stuck in the same spot.” Marketplace.org
Submitted 2 years 96 days ago

0
Likes

Quick Summary of McDonnell Trial If You Ignored It: Opening Line
Even before jurors begin deliberating the criminal case against Robert McDonnell, the former Virginia governor, it’s clear that he’s guilty of putting private gain above public service. That’s not a crime in itself, of course, only a familiar and sad reality of modern-day politics. Bloomberg
Submitted 2 years 96 days ago

-1
Likes

Outcome of McDonnell corruption trial may hinge on couple’s alleged marital woes
RICHMOND — The biggest trial in Virginia political history has turned, at times, on almost trite tales of marital dysfunction. Like the one about the busy husband, content with off-the-rack suits and slippers bound by duct tape, who watches his wife waltz in with two shopping bags and never dreams they could contain clothing worth $20,000. Washington Post
Submitted 2 years 96 days ago

3
Likes

The 13 Highest-Paying Jobs For People Who Don't Want To Sit At A Desk All Day
Sitting in a cubicle all day can be depressing, but the sad truth is that the vast majority of high-paying, stable jobs require people to mostly stay chained to their desk. Business Insider
Submitted 2 years 96 days ago

12
Likes

What, exactly, does "Made in the USA" mean?
Labor Day is a day to honor the American worker. And a day, if retailers have their way, for us to go shopping. So it’s no surprise that there are companies out there, like Walmart, advertising goods that are “Made in the USA.” Walmart says that when customers are deciding what to buy, where a product was made is second only in importance to how much it costs. “Made in America is a very important consideration for many Americans,” said Michelle Amazeen, an advertising and legal studies professor at Rider University. Marketplace.org
Submitted 2 years 96 days ago

6
Likes

Obama Renews Call to Increase Pay Floor
The White House and union leaders used the Labor Day weekend to reinvigorate efforts to raise the minimum wage. Legislation to lift the federal pay floor from $7.25 an hour stalled in Congress this spring, but Democrats hope the issue will resonate with voters in November, especially in states with closely contested Senate races. Wall Street Journal
Submitted 2 years 96 days ago

-2
Likes

U.S. economy still hitting speed bumps
The U.S. economy is motoring ahead of the rest of the world and generating the best job growth in years, but the ride is still not free of bumps. The latest jolt came from a report last week that showed consumer spending fell in July for the first time in six months. Soft spending has been a hallmark of a five-year-old recovery that’s been far weaker than is typically the case after a recession. Marketwatch.com
Submitted 2 years 96 days ago

10
Likes

Florida TaxWatch lauds state job creation growth
MANATEE -- Dominic Calabro, president and CEO of Florida TaxWatch, a nonpartisan, nonprofit taxpayer research institute and government watchdog, said more working Floridians have reason to relax and celebrate the long Labor Day weekend. From July 2013 through July, the Florida economy added 208,500 private, nonfarm jobs, he said. bradenton.com
Submitted 2 years 96 days ago

0
Likes

How Wells Fargo continues to expand in Nashville
Wells Fargo’s 2008 acquisition of Wachovia immediately boosted the bank’s presence in Nashville. It brought visibility with old Wachovia branches sporting Wells’ iconic horse-drawn carriage logos instead, and the bank’s local employee count doubled in the process. Nashville Business Journal
Submitted 2 years 96 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.
 


 

 

https://www.mississippi.org/
Southern Business & Development Southern Auto Corridor Small Town South Randle Report

Copyright ©2016 Randle Report
All of the South's Business and Political News in One Place
Login