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New Rules Proposed for Workforce Training
The U.S. Departments of Labor and Education released the final rules Thursday for the Workforce Innovation and Opportunity Act in an effort to expand job growth. The final rules affect more than a dozen programs that receive $10 billion in training and education funding and serve about 20 million people. Insidehighered.com
Submitted 13 minutes ago

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How HB 2 compromise is unfolding in N.C. General Assembly
Charlotte Mayor Jennifer Roberts said Wednesday morning she doesn’t know enough about possible changes to House Bill 2 to offer a response — but a source in the N.C. General Assembly told me a compromise could be unveiled within the next day. WBTV first reported the news Tuesday of efforts by some state lawmakers to make non-discrimination policies more palatable as part of an attempt to keep the NBA from relocating the 2017 All-Star Game from Charlotte. Charlotte Business Journal
Submitted 18 hours ago

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How Texas could win big by the U.K.’s exit from the EU
Great Britain’s withdrawal from the European Union could put Texas in the international catbird seat. That’s the take of Peter Zeihan, a well-regarded economic and geopolitical analyst in Austin. Three years from now, the 42-year-old principal of Zeihan on Geopolitics LLC expects us to be talking about the United Kingdom joining the North American Free Trade Agreement. “The multinational supply chain that we have among Canada, Mexico and ourselves is phenomenal,” says Zeihan, who is known for mapping out, literally, geographic, demographic and economic consequences. “Add the United Kingdom, and you get another 60, 65 million people with one of the world’s most advanced industrial bases. From an economic and market point of view, it’s brilliant for us.” Dallas Morning News
Submitted 18 hours ago

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Consumers bailing out U.S. economy — again
Consumers have come to the rescue of the economy again. After sizable back-to-back gains in spending in April and May, the U.S. economy is on track to expand close to 3% in the second quarter after a tepid 1.1% increase in the first three months of the year. Marketwatch.com
Submitted 19 hours ago

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Alabama eighth most patriotic state? One study says so
Alabama is the eighth most patriotic state. Says who? The personal-finance website WalletHub is who. WalletHub compared the 50 states using a dozen metrics to determine the most to the least patriotic states. AL.com
Submitted 20 hours ago

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Democrats Launch Push to Regain North Carolina
RALEIGH, N.C.—President Barack Obama will make his campaign-trail debut with Hillary Clinton on Tuesday in North Carolina, launching what is expected to be an aggressive effort by Democrats to regain this swing state in November. Wall Street Journal
Submitted 20 hours ago

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Playback: SCOTUS killed it before summer break


Politico
Submitted 21 hours ago

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Transit tax shift could spark lawsuit
San Antonio is using an “advanced transportation” tax to pave costly sidewalks and bike paths, and the diversion of funds from road projects is inviting a lawsuit from a taxpayer coalition. “This is déjà vu all over again. It may be time to go back to court,” said Jeff Judson, a local businessman and senior fellow with the conservative Heartland Institute. Watchdog.org
Submitted 23 hours ago

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Mississippi will further dip into its rainy day fund to fix budget woes
Mississippi Gov. Phil Bryant called the Legislature into special session Tuesday to fix a shortfall in the state’s budget for the remaining few days of the fiscal year, which ends Friday. The Senate passed a bill to allow Bryant to dip further past his statutory limit of $50 million, which he’s already used, from the state’s rainy day fund to fill the budget gap. Watchdog.org
Submitted 23 hours ago

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Fight over Medicaid expansion reaches a crossroads
Earlier this year, Louisiana Gov. John Bel Edwards (D) delivered on a key campaign promise and made his state the 31st in the nation to adopt Medicaid expansion through the Affordable Care Act. So far, the rollout process has been a great success, and hundreds of thousands of low-income Louisianans have been able to receive affordable coverage. MSNBC
Submitted 23 hours ago

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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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