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How Obama's Illegal Immigrant Amnesty Will Affect Labor Markets
President Obama announced something of an amnesty plan Thursday night for illegal immigrants with children who are citizens or green card holders. Estimates vary, but this will probably affect around 4 to 5 million illegal immigrants. Politically many are arguing this policy is an extreme move, but economically the impact on labor markets won’t be huge. Forbes
Submitted 2 years 94 days ago

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Prosper is in line to be the next boomtown north of Dallas
The train doesn’t stop in Prosper anymore. The depot where passengers and freight once arrived is long gone. But the town north of Dallas that got its start as a railway whistle-stop is on the verge of a building boom that will forever change the once rural community. Homebuilders are plowing up thousands of acres of former farmland to create housing to serve growing employment centers to the south in Frisco and West Plano. Dallas Morning News
Submitted 2 years 94 days ago

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Reaction to Train Plan Less Rosy in Rural Texas
DALLAS — Steve Drake regularly makes the nearly four-hour drive from this city to Houston to visit his fiancée’s family. So he was excited about the news that a private company intended to build a bullet train that would cut that trip to 90 minutes. Texas Tribune
Submitted 2 years 94 days ago

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Here Is The Average Student Debt Burden In Each State
A college degree is still immensely valuable in America, boosting lifetime earnings for people that have one. But for many students, the trade-off for getting a degree is an enormous pile of student-loan debt. This interactive map, built by Debt.com, a personal finance website, displays data by state on the average student debt load of graduating seniors from colleges in each state (so if an Arizona resident attended college in California, her debt statistics would be included in California's averages). Darker shades of blue imply larger student loan burdens, while lighter shades imply smaller burdens. Huffington Post
Submitted 2 years 94 days ago

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Falling Wages at Factories Squeeze the Middle Class
For nearly 20 years, Darrell Eberhardt worked in an Ohio factory putting together wheelchairs, earning $18.50 an hour, enough to gain a toehold in the middle class and feel respected at work. New York Times
Submitted 2 years 94 days ago

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Researcher: FAA victory is 'great news' for drone safety in North Carolina
The Federal Aviation Administration scored a victory this week as the National Transportation Safety Board said it could regulate drone flights. The decision came after a ruling Monday. Triangle Business Journal
Submitted 2 years 94 days ago

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New Houston headquarters for national homebuilder breaks ground
Developers broke ground Nov. 20 on the Houston headquarters of one of the largest homebuilders in the city. Houston Business Journal
Submitted 2 years 94 days ago

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Oil Rig Explosion Off Louisiana Coast Leaves 1 Dead, 3 Injured
An explosion at oil and gas operator Fieldwood Energy's offshore Echo Platform in the Gulf of Mexico on Thursday killed one person and injured three, the U.S. Bureau of Safety and Environmental Enforcement said. The explosion occurred just before 3 p.m. CST (2 p.m. EST/1900 GMT) at West Delta 105, about 12 miles (19 km) off the coast of New Orleans, the agency said in a statement. Huffington Post
Submitted 2 years 94 days ago

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Tennessee governor elected next RGA chairman
BOCA RATON, Fla. (AP) — Tennessee Governor Bill Haslam has been elected as the next chairman of the Republican Governors Association. Haslam will take the reins from New Jersey's Chris Christie, who has been on a victory lap at the group's annual meeting in Florida this week. Haslam told reporters before the vote that he was "interested and willing to serve if elected" chairman. wdef.com
Submitted 2 years 94 days ago

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Miami Marine Stadium's $121 million plan falls through
Miami commissioners shut down a $121-million privately-funded plan to rehabilitate the iconic Miami Marine Stadium and voted to pursue their plan - even if it means spending public dollars. South Florida Business Journal
Submitted 2 years 94 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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