Union Workers Strike At Illinois Caterpillar Plant (Joliet, Il)
Thursday 24th of May 2012 07:07:41 AM
Posted by admin / Under Manufacturing In Ethiopia
| <p>JOLIET, Ill. (AP) — About 800 union workers who rejected Caterpillar Inc.'s latest contract offer walked off the job Tuesday at a plant in Joliet.</p> <p>Workers with picket signs lined up outside the plant early Tuesday, just hours after their contract expired. The employees, part of the International Association of Machinists and Aerospace Workers, are asking for better wages and health care. They voted Sunday to reject the Peoria-based company's latest contract offer.</p> |
Factory Orders Post Biggest Decline in Three Years
Thursday 24th of May 2012 07:07:41 AM
Posted by admin / Under Manufacturing In Ethiopia
| New orders for U.S. factory goods in March recorded their biggest decline in three years as demand for transportation equipment and a range of other goods slumped, government data showed on Wednesday. The Commerce Department said orders for manufactured goods dropped 1.5 percent after a revised 1.1 percent rise in February. Economists had forecast orders falling 1.6 percent after a previously reported 1.3 percent increase in February. While the report showed broad weakness in March in a sector that has carried the economic recovery, anecdotal evidence suggests factories continued to expand as the second quarter started. The Institute for Supply... |
How The World Economy Changed In One Month
Thursday 24th of May 2012 07:07:41 AM
Posted by admin / Under Manufacturing In Ethiopia
How The World Economy Changed In One Month Eric Platt May 2, 2012Global manufacturing was deeply depressed in Europe while North America showed continued strength this April, new data out of Markit Economics shows. The firm released PMI readings for more than a dozen countries over the past twelve hours, with large declines across the euro area, as powerhouses like Germany succumbed to regional weakness. Notable readings: U.S.: 54.8 in April, up from 53.4 Canada: 53.3 in April, up from 52.4 U.K.: 50.5 in April, down from a revised reading of 51.9 Eurozone: 45.9 in April, down from 47.7 Spain:...
DATA SNAP: US March Factory Orders Post Biggest Drop In 3 Years
Thursday 24th of May 2012 07:07:41 AM
Posted by admin / Under Manufacturing In Ethiopia
| WASHINGTON (Dow Jones)--U.S. factory orders fell at the sharpest pace in three years in March, a sign that demand is slowing amid an uneven economic recovery. Orders for manufactured goods declined 1.5% to $460.46 billion, the Commerce Department said Wednesday. That matched expectations of economists surveyed by Dow Jones Newswires. Factory orders over the previous month were revised down, as well, to a 1.1% increase from an initial estimate for a 1.3% gain. |
A New Trend “Sneaking up on People” (US Mfg Revival)
Thursday 24th of May 2012 07:07:41 AM
Posted by admin / Under Manufacturing In Ethiopia
| A New Trend “Sneaking up on People” By Chris Mayer 04/23/12China has lost its edge.There was lots of skepticism about a piece in my March letter called “The Great Comeback No One Will Believe” about the revival of U.S. manufacturing as China loses its cost advantage. But I continue to find evidence that the piece was spot on. I had a good talk with Scott Huff, a principal at Innovate International, which does product development work and contract manufacturing for several industries. Scott’s story is worth passing on because the arc of his career in the last 10 years tells... |
China Manufacturing Continues Contraction
Thursday 24th of May 2012 07:07:41 AM
Posted by admin / Under Manufacturing In Ethiopia
| The preliminary HSBC China Manufacturing Purchasing Managers Index, a gauge of nationwide manufacturing activity, rose to a two-month high of 49.1 in April compared with a final reading of 48.3 in March, HSBC Holdings PLC said Monday. But the "flash" reading for the month was in contractionary territory for the sixth straight month, and that signals economic growth may still need government help. A reading below 50 indicates contraction from the previous month, while anything above that indicates growth. "As April flash PMI ticked higher, this suggests that the earlier easing measures have started to work and hence should ease... |
New Website Created to Promote US Manufacturing
Thursday 24th of May 2012 07:07:41 AM
Posted by admin / Under Manufacturing In Ethiopia
| Apparel News covers great story about an immigrant who is contributing to American productivity by promoting small US clothing companies. “The goal is to find as many American-made brands and support them,” she said. “I would like to be the Amazon.com for everything made in the USA.” To do that, she recently launched an e-commerce site dedicated exclusively to selling domestically crafted garments and accessories that she and her team have selected from scouring various sources in the heart of the downtown Los Angeles Fashion District, the Internet and trade shows. (Interesting read on what inspired founder). |
The Story of an American Love Affair
Thursday 24th of May 2012 07:07:41 AM
Posted by admin / Under Manufacturing In Ethiopia
| While you probably haven’t heard of Noelle Nguyen, her latest project is quickly gaining steam, because it combines her powerful personal testimony with an e-commerce concept to boost American manufacturing at a time when local businesses are struggling to stay afloat amidst global competition… You see, as a child, Noelle and her family fled Saigon after the Viet Cong overran the city. To make matters worse, the boat that served as their escape vessel was raided by pirates. Noelle’s mother had swallowed her wedding ring to ensure that the jewelry wasn’t confiscated, and good thing she did – mom was... |
America, I am in Your Debt
Thursday 24th of May 2012 07:07:41 AM
Posted by admin / Under Manufacturing In Ethiopia
| To have been given so much—opportunity, life, and liberty—by a country I cherish, and to see it now potentially deteriorate economically, culturally, and politically into the very system that my parents risked their lives to escape, pains me. The torment of watching my mother ingest her own wedding band, though compelling, is no match for the agony I now feel as I watch and listen to the naïveté of a segment of ideologically imbued Americans paint the country I love as the world’s enemy. They relish in casting the U.S.A. as a force of evil and tyranny, while the truth... |
Obama's Rare Earth Elements (REE) motion against China via WTO - Not a good long-term solution.
Thursday 24th of May 2012 07:07:41 AM
Posted by admin / Under Manufacturing In Ethiopia
| All Apple iOS devices (iPad, iPhone, iPod Touch) contain heavy rare earth elements. Obama recently filed suit against China regarding abuse of their heavy rare earths monopoly. China restricts and taxes rare earth exports, making it more attractive to manufactures to relocate inside China. The NYTimes article never mentioned REEs (Rare Earth Elements). Only light rare earths are available in USA, it is the heavy that are needed. While it may not be the only factor in Apple's mind when constructing iPads with Foxconn in China, it must be a consideration. Video - Obama, China, Rare Earths - Can WTO... |
Obama in Virginia: ‘I want to make stuff here’
Thursday 24th of May 2012 07:07:41 AM
Posted by admin / Under Manufacturing In Ethiopia
| PETERSBURG, Va. — President Obama spoke encouragingly Friday about the improving economy, including the tentative revival of the manufacturing sector, as he touted his record on a factory floor in this battleground for his re-election campaign. Speaking to workers at an aircraft-parts manufacturing plant, Obama outlined progress made on his watch in the auto industry and other parts of the economy, holding up a February jobs report that White House officials called encouraging as evidence. But he also hammered Congress, chiding lawmakers for moving slowly on what he said were important initiatives to improve the economy and educate the future... |
Tax Foundation Rips Santorum Tax Plan (Grade: D+)
Thursday 24th of May 2012 07:07:41 AM
Posted by admin / Under Manufacturing In Ethiopia
| An antitax advocacy group zinged Republican presidential candidate Rick Santorum’s tax plan, giving him a grade of “D+” grade and the dubious honor of proposing what “may be the worst idea of any of the Republican candidates.” ”The good news is Santorum has gotten more specific about his tax plan since last month when we gave him a D+,” economist William McBride wrote on Thursday. “The bad news is… he’s gotten more specific.” Mr. McBride said the biggest problem with Mr. Santorum’s proposal is the sharply different corporate tax rates he would establish. Mr. Santorum would halve the corporate tax... |
War on Wealth | Obama Visits Master Lock
Thursday 24th of May 2012 07:07:41 AM
Posted by admin / Under Manufacturing In Ethiopia
| By: Larry Walker, Jr.Mr. Obama visited the padlock maker Master Lock in Milwaukee, Wisconsin on Wednesday, but wasn't joined by Republican Gov. Scott Walker, who greeted the president upon arrival, but canceled his escort duties. Hey, so he was already sick to his stomach, and hanging out with Obama would have surely made matters worse.During the event, after taking full credit for the whopping 100 jobs that Master Lock has brought back to Wisconsin from China, one of Obama’s many fabrications for the day, he added, “For the first time since 1990, American manufacturers are creating new jobs.”However, according... |
Rick Loses Market Value (If it stops moving, subsidize it?)
Thursday 24th of May 2012 07:07:41 AM
Posted by admin / Under Manufacturing In Ethiopia
| Rick Santorum is touting his promise to eliminate corporate taxes on manufacturers...[that's] coming under scrutiny from conservatives who are decrying it as thoroughly unconservative. ...[Santorum] added: “We need to have a manufacturing base in this economy. Why? Because of our national security.” ...advocates for other sectors of the economy quietly gripe that they’d be effectively underwriting manufacturing...by paying a higher tax rate... “Giving a preferential rate is picking winners and losers through the tax code,” said Curtis Dubay, a tax policy analyst at the Heritage Foundation... “This is not free-market economics, this is trying to tilt the market toward manufacturing,... |
Can Obama’s plan for ‘insourcing’ help revive U.S. manufacturing?
Thursday 24th of May 2012 07:07:41 AM
Posted by admin / Under Manufacturing In Ethiopia
| President Obama is touring a Master Lock factory in Milwaukee on Wednesday to urge manufacturers to return jobs to the United States-- part of a wider plan by his administration to increase the number of domestic manufacturing jobs. "Right now we have an excellent opportunity to bring manufacturing back-- but we have to seize it," Obama intends to say, according to prepared remarks released by the White House. |
Two Decades Too Late (Santorum's Blue Collar Manufacturing Policy Needs a Major Rethink)
Thursday 24th of May 2012 07:07:41 AM
Posted by admin / Under Manufacturing In Ethiopia
| For months, former senator Rick Santorum has been talking about working-class woes and promoting a working-class-friendly economic agenda, and in late January President Obama’s State of the Union speech placed working-class concerns at the center of the election debate. Nevertheless, Santorum remains in third place in the GOP race. Does this suggest that Republican efforts to address working-class angst are politically ineffective? No, it doesn’t. The problem is twofold: Santorum has not emphasized this aspect of his campaign enough, and the agenda he has presented seems designed to resurrect an idealized past rather than to lead worried workers into a... |
The GOP's Working Class Muddle (Santorum, Romney and class-warfare)
Thursday 24th of May 2012 07:07:41 AM
Posted by admin / Under Manufacturing In Ethiopia
| < snip > ..... If Republicans have an opening this year, it is with the white working class, a crowd the Democratic Party has been hemorrhaging for decades. Barack Obama did better than John Kerry or Al Gore with these voters, though even he earned just 43% of their vote. ..... < snip > ..... The white working class will make up as much as 55% of the vote in states like Ohio and Pennsylvania. ..... < snip > ..... And so at the heart of the Santorum agenda are policies designed to give special handouts to the working class,... |
Viewpoint: Is Manufacturing Dead in America? The U.S
Thursday 24th of May 2012 07:07:41 AM
Posted by admin / Under Manufacturing In Ethiopia
| The U.S. is still the leading manufacturing nation on earth and the percent of GDP that manufacturing occupies has remained about the same for the past 30 years. By Michael Newkirk, director, SAS |
How the U.S. Lost Out on iPhone Work
Thursday 24th of May 2012 07:07:41 AM
Posted by admin / Under Manufacturing In Ethiopia
| When Barack Obama joined Silicon Valley’s top luminaries for dinner in California last February, each guest was asked to come with a question for the president. But as Steven P. Jobs of Apple spoke, President Obama interrupted with an inquiry of his own: what would it take to make iPhones in the United States? Mr. Jobs’s reply was unambiguous. “Those jobs aren’t coming back,” he said, according to another dinner guest. |
Inside The Fed In 2006: A Coming Crisis, And Banter
Thursday 24th of May 2012 07:07:41 AM
Posted by admin / Under Manufacturing In Ethiopia
| WASHINGTON — As the housing bubble entered its waning hours in 2006, top Federal Reserve officials marveled at the desperate antics of home builders seeking to lure buyers. The officials laughed about the cars that builders were offering as signing bonuses, and about efforts to make empty homes look occupied. They joked about one builder who said that inventory was “rising through the roof.” But the officials, meeting every six weeks to discuss the health of the nation’s economy, gave little credence to the possibility that the faltering housing market would weigh on the broader economy, according to transcripts that... |
Add Bain to list of things we cannot discuss
Thursday 24th of May 2012 07:07:41 AM
Posted by admin / Under Manufacturing In Ethiopia
| Politico has a story about Newt agreeing not to go after Romney any more about Bain, and Newt was just on Hannity’s radio show on the issue. (I’ll post the audio if I can get it.) Newt said there are three or four instances where the record is really bad and Romney needs to defend it. Newt said the challenge is not to the model but how Romney acted in specific instances, and how odd it is that Romney runs on his business record but doesn’t want to discuss the record. Newt made the point that it is impossible to... |
Rick Santorum's Naive Blast To An Impoverished Past (Zero taxes for manufacturers is bad policy)
Thursday 24th of May 2012 07:07:41 AM
Posted by admin / Under Manufacturing In Ethiopia
| Any attempt to analyze the economic programs of the Republican presidential candidates is fraught with danger. While some have some interesting ideas, none measure up in total. Certainly Ron Paul's desire to truly cut spending recommends him economically, Newt Gingrich presents an interesting plan for taxation (Mitt Romney's taxation scheme is certainly the weakest), and then many of the candidates at least pay lip service to the notion of ridding the Fed of our economic ball-and-chain of a Chairman, Ben Bernanke. And then there's Rick Santorum. While it's very likely that the Iowa caucuses will easily represent the high water... |
Rick Santorum and the Need for a New Coalition
Thursday 24th of May 2012 07:07:41 AM
Posted by admin / Under Manufacturing In Ethiopia
| Counting blocks, counting heads: The Democratic Party has long made it clear that their commitment to their voting blocks is based on two things: giving them goodies and increasing their numbers. Now, there’s nothing new about the former. The modern Democrat is a believer in wealth redistribution – in a zero-sum game in which the government allocates the portions. The Democrat campaigns on his promise to distribute whatever the government has to give – be it tax dollars, borrowed dollars, or printed dollars – in whatever form is desired – entitlement checks, college grants, mortgage forgiveness. He then promises to... |
Rick Santorum is right to put the accent on manufacturing for America
Thursday 24th of May 2012 07:07:41 AM
Posted by admin / Under Manufacturing In Ethiopia
| If you're a Brit (and not a US political junkie), you probably won’t have heard of Rick Santorum until this week. The former senator for Pennsylvania came within eight votes of a dramatic win in Tuesday night’s election in Iowa. It was the first skirmish in what may prove a long battle among Republicans to be the one to fight Barack Obama in November’s presidential election. Santorum’s social conservatism will have won him votes in Iowa, but expect to hear much more from him about the economy – and manufacturing in particular – as the electoral wagons roll into New... |
Guess Which Country Has The Best Paid Manufacturing Workers
Thursday 24th of May 2012 07:07:41 AM
Posted by admin / Under Manufacturing In Ethiopia
| Great data from the BLS comparing hourly compensation for manufacturing. The second chart looks at the benefits component of the hourly cost. The data are from 2010 and sensitive to exchange rate movements. We will post a follow-up chart in the next few days looking at the 2009-10 change in hourly compensation, breaking out the changes in wage and benefits versus the FX component. Stay tuned! |
Sponsors
Our Services
Do not forget to check the lastest products and auctions related to Manufacturing In Ethiopia as well as our free videos and podcasts.
Share this!