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Key truths about the Obama economy
As Hillary Clinton takes the baton from President Obama tonight, she has to acknowledge two key truths about the "Obama economy": 1. Americans are vastly better off than they were 8 years ago. 2. But most are worried. They feel they should be a lot better off than they are (and a significant number have yet to recover). Clinton has to walk that line of celebrating the turnaround, but also laying out a vision for how America reaches its full potential, especially on growth and worker pay. Overall, most experts dub the Obama economy as a "B+ economy" or the "Good, but not great economy." CNN Money
Submitted 18 hours ago

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IT’S OFFICIAL: Alabama Gov. Robert Bentley urges legislature to approve lottery to fund Medicaid growth
MONTGOMERY, Ala. — Alabama Gov. Robert Bentley has thrown in the towel on pushing for tax increases to fund the growth of the state’s Medicaid program, announcing Wednesday that he is instead calling a Special Session of the legislature for the specific task of approving a lottery to fund “essential services.” “In order for our state to be the best that it can be, we must once and for all solve problems that have held our state back for decades,” said Gov. Bentley, alluding to Alabama’s perpetual General Fund Budget crisis. The state’s Medicaid program, which has almost doubled in size over the past decade, is the primary driver of the funding shortfall. Yellowhammernews.com
Submitted 20 hours ago

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McCrory: NC and NBA had a deal on HB2 that fell through
Gov. Pat McCrory says he and North Carolina legislative leaders had a “total verbal agreement” with the NBA about changes the state would make to House Bill 2 – changes that presumably would have kept the 2017 All-Star Game in Charlotte. In an interview Thursday, McCrory told the Observer the agreement included three main items: reinstating the ability to sue for discrimination in state court, developing a “blue-ribbon task force” to study discrimination in the state, and aligning state and federal nondiscrimination statutory language. Charlotte Observer
Submitted 21 hours ago

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HB2’s effects are no joke
Days after North Carolina officials approved House Bill 2, the so-called “bathroom bill,” the National Basketball Association made clear that the legislation would jeopardize the league’s plan to hold the 2017 All-Star Game in Charlotte. “We are deeply concerned that this discriminatory law runs counter to our guiding principles of equality and mutual respect,” the NBA statement read. Commissioner Adam Silver intimated that HB2 would need to be revised or repealed for the league to hold its signature event in North Carolina. News Observer
Submitted 21 hours ago

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Showdown Looms Over Changes to Kentucky Medicaid
Kentucky Governor Matt Bevin, a Republican elected last fall with a vow to end Medicaid expansion, will soon give CMS a touch choice: approve his Medicaid overhaul, or he’ll cancel expansion. In doing so, Bevin seeks to become the first governor to build work requirements into Medicaid, something that eluded his neighbor, Indiana Governor Mike Pence, when that state received its waiver in 2015. Pence is now the Republican nominee for vice president. The coming showdown has riled health advocates in Kentucky, which gained national attention for bringing coverage to 450,000 people and dropping one of the nation’s highest uninsured rates from above 20% to 7.5%. Kentucky did so by setting up a well-regarded health exchange, called kynect, which Bevin wants to dismantle. Ajmc.com
Submitted 21 hours ago

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Governor says Mississippi not getting credit it deserves
JACKSON – Republican Gov. Phil Bryant told Neshoba County fairgoers Thursday that Mississippi is not receiving the credit it deserves for progress, particularly in the areas of education and economic development. Djournal.com
Submitted 22 hours ago

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Playback: The season finale of the DNC


Politico
Submitted 23 hours ago

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Japanese officials in Savannah to discuss Trans-Pacific Partnership
Japanese officials made a visit to Savannah on Thursday to talk about the Trans-Pacific Partnership agreement, and what it would mean for Georgia. Wtoc.com
Submitted yesterday

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North Carolina Voter-ID Restrictions Struck Down
The 4th District Court of Appeals has struck down voter-ID restrictions in North Carolina, saying the measures were passed with "discriminatory intent." The court declared in its ruling that the legislation "targeted African Americans with almost surgical precision." The ruling reversed changes that North Carolina had made to early voting, out-of-precinct voting, preregistration, and same-day registration in 2013. The state can appeal the decision, but it is unlikely a new ruling would be made before the November election. The Daily Beast
Submitted yesterday

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Virginia's transportation project scoring process rebranded
The Commonwealth Transportation Board, which oversees billions of dollars worth of road, rail, bridge and other projects across the state, approved a series of revisions Thursday to the scoring system adopted in 2014 to prioritize and depoliticize transportation spending. Richmond Times-Dispatch
Submitted yesterday

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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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