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Employers are hiring, but Dalton, Ga. jobless rate still highest among Southern metro areas
The engine of the Oldsmobile Cutlass Supreme continued to belch fumes as Mary Jane Rogers rolled down the window. She lit the latest in an unbroken chain of discount cigarettes, exhaling a practiced stream of smoke that mushroomed off the windshield. Rogers waited as her boyfriend, 26-year-old Carl Leonard Cochran, dashed inside the Dalton, Ga., unemployment office to look for work. Like the dozens of others filtering in and out of the Career Center, this was his last chance to find a job before the consequences of having no income began to kick in. "We're in desperate need," Rogers explained. Chattanooga Times Free Press
Submitted 2 years 110 days ago

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'Awful' poll numbers make GOP nervous about Rick Scott's chances
The state of Gov. Rick Scott’s poll numbers is . . . sorry. On Tuesday, as Scott kicked off the Legislature’s 60-day lawmaking session, he gave the annual state of the state speech, a campaign-like preview filled with job-creation statistics. But many of Scott’s fellow Republicans were paying attention to a different set of numbers: a raft of poll data-points that make the GOP queasy because it shows Democrat Charlie Crist has broad support across Florida right now. The highlights: Miami Herald
Submitted 2 years 110 days ago

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Shipping exec: Port struggling in Hampton Roads
In a packed ballroom in Long Beach, Calif., last week, the president of a major ocean carrier singled out Hampton Roads as a port that was not quite ready for prime time when congestion plaguing ports nationwide hit. Part of a panel of shipping-line executives who spoke at The Journal of Commerce’s TransPacific Maritime Conference, Bill Payne, president of NYK Line (North America) Inc., told roughly 2,000 maritime executives that when congestion became severe last year at the port of New York/New Jersey, a lot of containers were shifted to Hampton Roads. Virginian-Pilot
Submitted 2 years 110 days ago

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Rand Paul Wins the 2014 CPAC Straw Poll
Libertarian darling Rand Paul won the Washington Times/Conservative Political Action Conference straw poll on Saturday, taking 31 percent of the vote in the multicandidate field. Ted Cruz came in a distant second place with 11 percent. Ben Carson came in third, registering in the single digits. Marco Rubio suffered the biggest drop in his numbers, going from 23 percent in 2013 to 6 percent of the vote this year, a percentage that puts him in 7th place. National Journal
Submitted 2 years 110 days ago

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THE DOW FALLS: Here's What You Need To Know
Stocks pulled back a tiny bit from their all-time highs. First, the scoreboard: Dow: 16,418.6 (-34.0, -0.2%) S&P 500: 1,877.1 (-0.8, -0.0%) Nasdaq: 4,334.4 (-1.7, -0.0%) And now the top stories: Business Insider
Submitted 2 years 110 days ago

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IS RICK PERRY THE GOP DARK HORSE FOR 2016?
I caught a bit of Rick Perry's CPAC speech today and, boy, does he have a fire in the belly. Had we seen this fire in 2012, then perhaps he would have won the GOP nomination. Of course, Perry underwent back surgery which significantly contributed to his lackluster campaign. American Spectator
Submitted 2 years 110 days ago

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Is this a rare win for fairness and justice in Alabama? (John Archibald)
I don't get to say this often, so sit down. It's a great day for justice in Alabama. Really. It's a rare moment when ethics and reason and right claw back a little ground from the Almighty Dollar. AL.com
Submitted 2 years 110 days ago

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Why is it so expensive to build a bridge in America?
It's become commonplace to note that U.S. infrastructure costs are very high. What is less appreciated is the staggering scale of the difference between American infrastructure costs and those of other nations. Like our health care, U.S. infrastructure isn't just a tad higher than the next most expensive country — we pay something like twice as much as our closest peer (usually the U.K., which is itself a very expensive place). And when you compare America to, say, Spain, we're talking order-of-magnitude differences. The Week
Submitted 2 years 110 days ago

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Wendy Davis and Texas Primary Results: What We Know Now
Wendy Davis v. Greg Abbott. Let me take the suspense out of this race: Abbott will win in convincing fashion. As I've noted before, there are simply not enough women and minority voters in Texas who will support Davis such that she can win. Indeed, setting aside gender, there aren't enough white Democrats in Texas. What is more, Abbott has three times as much cash on hand as Davis. Houston Press
Submitted 2 years 110 days ago

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Why Texas has the best savers
Everything's bigger in Texas … including the savings accounts. At least that's the consensus of a new GoBankingRates ranking of America's best cities for saving: Six out of 10 of the top-ranked metropolises are in the Lone Star State. While Atlanta scored the No. 1 spot, Houston placed fourth, and other Texas towns like Lubbock, Arlington, Garland, Plano and Ft. Worth landed in the top ten. The Week
Submitted 2 years 110 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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