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Keyword: manufacturing

Brevity: Headers | « Text »
  • Ford's Trade-In: Truck to Use Aluminum in Place of Steel

    07/27/2012 2:33:00 PM PDT · by Responsibility2nd · 139 replies
    WSJ ^ | 07/26/2012 | MIKE RAMSEY
    <p>ALLEN PARK, Mich.—In this suburb just west of Detroit, Ford Motor Co. is working on one of the biggest gambles in its 108-year history: a pickup truck with a largely aluminum body.</p> <p>The radical redesign will help meet tougher federal fuel-economy targets now starting to have wide-ranging effects on Detroit's auto makers. But Ford will have to overcome a host of manufacturing obstacles, plus convince die-hard pickup buyers that aluminum is as tough as steel.</p>
  • Old Shelby Township Ford plant blamed for cancer-causing chemicals in nearby water

    07/23/2012 5:28:31 PM PDT · by equaviator · 18 replies
    ClickonDetroit ^ | Jul 23 2012 | Lauren Podell
    SHELBY TOWNSHIP, MI- Environmental consultant says Ford plant emits harmful chemicals which could cause cancer An old Shelby Township Ford Motor Co. plant is being blamed for leaking cancer-causing chemicals into the area's groundwater. The plant at 23 Mile and Mound roads is in the process of being demolished. However, the latest findings may hinder the demolition. In a motion hearing on Monday in Macomb County Circuit Court, an environmental consultant hired to test the plant site said two harmful chemicals have been found and people living in the area need to know about it. The two chemicals are TCE,...
  • Jobs coming home (Why China will be losing manufacturing jobs to America)

    07/19/2012 7:43:34 PM PDT · by SeekAndFind · 17 replies
    New York Post ^ | 07/18/2012 | Arthur Herman
    News of our Olympic team’s uniforms being made in China has prompted Sen. Chuck Schumer and others to fulminate anew about exporting jobs. But the future’s going to look very different: It’s China that’s going to be worrying about losing jobs to us in the next few years. US manufacturing is coming back home, from China and elsewhere. The trend started five years ago; since early 2010, it’s created more than half a million jobs in America. By 2015, the Boston Consulting Group estimates, US industrial firms will add 800,000 more jobs — jobs that aren’t going to China, but...
  • Sixty-five U.S. companies drop out of Fortune 500

    07/14/2012 1:59:15 AM PDT · by Olog-hai · 5 replies
    Daily Mail (UK) ^ | PUBLISHED: 19:11 EST, 10 July 2012 | UPDATED: 19:46 EST, 10 July 2012 | Daily Mail Reporter
    China now boasts 73 of the biggest global companies – stealing the number two spot on the Fortune 500 list from Japan. China has landed 73 companies on the list, Japan has 68 and the U.S. has 132. Although the U.S. has a clear margin, China added 12 companies to the list since last year while the amount of U.S. companies has dropped by 14. In the last decade, the amount of U.S. companies on the list has fallen from 197 to 132. Conversely, China only had 11 companies on the list in 2002 compared to today’s 73. …
  • Chinese manufacturing output surpassed US manufacturing output in 2010

    07/13/2012 1:58:32 PM PDT · by moonshot925 · 100 replies
    United Nations ^ | 13 July 2012
    I made this graph based on data from the United Nations. 2010 was the first year that Chinese manufacturing output surpassed US manufacturing output. There is no data available for 2011 or 2012 yet.
  • ADP Says Better Than Expected 176K Private Jobs Added, Of Which Only 4,000 Manufactuing Jobs

    07/05/2012 6:35:25 AM PDT · by Qbert · 15 replies
    Zero Hedge ^ | 07/05/2012 | Tyler Durden
    The ADP Private jobs report is out, and in June America allegedly created 176K private jobs, better than expectations of 100K, and up from last month's 136K revised print. What hasn't changed is the continued lack of correlation between the ADP and the NFP report, nor the ongoing deterioration in claims. More importantly, Obama's promise of doubling US exports in 5 years from 2 years ago may be in jeopardy, since of the 176,000K extra jobs created, a whopping 4K was in manufacturing, the rest, or 160,000K, was service jobs. [Snip] And from the report: Employment in the U.S. nonfarm...
  • US manufacturing shrinks for first time in 2 years

    07/02/2012 7:13:53 AM PDT · by John W · 40 replies
    AP via Bismarck Tribune Online ^ | July 2, 2012 | Christopher Rugaber
    WASHINGTON (AP) -- U.S. manufacturing shrank in June for the first time in nearly two years, a troubling sign that the economy is faltering. The Institute for Supply Management, a trade group of purchasing managers, says its index of manufacturing activity fell to 49.7. That's down from 53.5 in May and the lowest reading since July 2009. Readings below 50 indicate contraction. Stocks fell immediately after the report was released.
  • Manufacturing PMI Falls Below 50 and Administration is RAISING Taxes (Ignoring the Laffer Curve)

    07/02/2012 11:23:14 AM PDT · by whitedog57 · 6 replies
    Confounded Interest ^ | 07/02/2012 | Anthony B. Sanders
    The Institute for Supply Management’s (ISM) factory index (PMI) fell to 49.7 in June from 53.5 a month earlier. This is the the lowest point since July 2009. The ISM manufacturing index is a measure of the health of the U.S. economy and reads above 50 are desirable. Historically, the economy begins to choke when PMI falls below 50. The Eurozone reported declining PMI this morning and here is a comparison of US PMI and Eurozone PMI. Notice a similar pattern (but with Eurozone degrading faster)? The reaction of the US and French governments to this declining economic conditions? RAISE...
  • Stocks Add to Losses After Weak ISM Report

    07/02/2012 7:26:00 AM PDT · by Qbert · 3 replies
    CNBC ^ | 2 Jul 2012 | JeeYeon Park
    <p>Stocks quickly turned lower after a mixed open Monday following news that the ISM manufacturing index dropped to its lowest level in almost two years and amid worries over weakness in China limited gains.</p> <p>The S&P 500 and the Nasdaq also lost footing. The CBOE Volatility Index, widely considered the best gauge of fear in the market, traded above 17.</p>
  • Here's One Private Business Which is Thriving in the Obama Administration

    06/21/2012 9:21:47 AM PDT · by Vigilanteman · 11 replies
    Loeb Equipment ^ | 21 June 2012 | Loeb Equipment & Appraisal Company
    Loeb is Chicago based but no crony capitalism connections. We have recently bought factory equipment to upgrade our own operations for pennies on the dollar. Still, new offers for liquidations keep coming in. Loeb Equiment and Appraisal Company is just one factory liquidator in the country, but they have some awfully good stuff to offer. Some of it very up to date.
  • What does it take to produce a can of peaches? Do they even have a clue?

    06/08/2012 11:14:45 AM PDT · by Oldpuppymax · 16 replies
    Coach is Right ^ | 6/8/2012 | Jerry Todd
    What does it take to produce a can of peaches? Most of us don’t know the answer to this question, but there really isn’t any problem in this. The problem for all of us is that the government bureaucrats that tell us where when and how to sell things like a can of peaches don’t know the first thing about what goes in to one. Has anyone ever plotted how many jobs are in a can of peaches? The problem with bureaucracy and currency manipulators is they never understand the infinite range of human skills, talents, equipment, experience, energy and...
  • Caterpillar, Westport Team For Natural Gas Engines

    06/05/2012 9:27:54 AM PDT · by shove_it · 10 replies ^ | 5 Jun 2012 | REINHARDT KRAUSE
    Earth-moving equipment maker Caterpillar (CAT) said it plans to develop natural gas engines for mining trucks and off-road machines with Westport Innovations (WPRT). Commercial production is expected to begin in about five years, the companies said. Westport Innovations shares were up 18.2% in early trading Tuesday to 26.32. Caterpillar shares were up 0.9% to 84, but are still down 7% for the year. Caterpillar will fund the project. Progress Rail Services, a subsidiary of Caterpillar, plans to build natural-gas powered locomotives. Westport says it will sell engine components. ~snip~
  • Union Workers Strike At Illinois Caterpillar Plant (Joliet, Il)

    05/07/2012 12:24:07 PM PDT · by robowombat · 103 replies
    AP ^ | Tue, 05/01/2012 - 9:46am
    <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

    05/02/2012 12:58:06 PM PDT · by Free ThinkerNY · 14 replies
    Reuters ^ | May 2, 2012
    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

    05/02/2012 6:27:28 AM PDT · by blam · 8 replies
    TBI ^ | 5-2-2012 | Eric Splatt
    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

    05/02/2012 7:21:55 AM PDT · by sunmars · 27 replies
    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)

    04/23/2012 2:48:46 PM PDT · by blam · 21 replies
    The Daily Reckoning ^ | 4-23-2012 | Chris Mayer
    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

    04/22/2012 9:13:30 PM PDT · by Olog-hai · 12 replies
    WSJ ^ | April 22, 2012, 11:52 p.m. ET | William Kazer and Liu Li
    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

    04/22/2012 5:04:50 PM PDT · by LAConservatif · 6 replies
    Apparel News ^ | Apparel News
    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 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

    04/09/2012 11:04:54 AM PDT · by LAConservatif · 6 replies
    Human Events ^ | 4-9-12 | Jason Mattera
    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

    04/03/2012 10:53:54 PM PDT · by LAConservatif · 2 replies
    American Love Affair ^ | American Love Affair
    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 naďveté 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.

    03/16/2012 2:48:58 PM PDT · by gordonmcdowell · 4 replies · 1+ views
    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’

    03/09/2012 11:03:02 AM PST · by Free ThinkerNY · 35 replies ^ | March 9, 2012 | Scott Wilson
    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+)

    02/18/2012 11:26:25 PM PST · by JediJones · 195 replies · 1+ views
    The Wall Street Journal ^ | 1/6/2012 | Kristina Peterson
    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

    02/17/2012 3:53:26 PM PST · by NaturalBornConservative · 12 replies · 1+ views
    Natural Born Conservative ^ | February 16, 2012 | Larry Walker, Jr.
    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?)

    02/17/2012 2:50:06 PM PST · by JediJones · 93 replies · 1+ views
    The Daily ^ | 2/17/2012 | Dan Hirschhorn
    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 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?

    02/15/2012 2:58:06 PM PST · by qaz123 · 16 replies
    Yahoo News ^ | 2/16/2012 | Zachary Roth
    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)

    02/09/2012 6:51:35 AM PST · by SeekAndFind · 20 replies
    National Review ^ | 02/09/2012 | Henry Olsen
    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)

    02/02/2012 1:50:41 PM PST · by CutePuppy · 13 replies
    WSJ (opinion, editorial) ^ | January 6, 2012 | Kimberley A. Strassel
    < 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

    01/27/2012 9:38:36 AM PST · by afraidfortherepublic · 19 replies
    Industry Week ^ | 1-26-12 | Michael Newkirk
    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

    01/22/2012 4:48:02 PM PST · by Vince Ferrer · 54 replies
    New York Times ^ | January 21, 2012 | By CHARLES DUHIGG and KEITH BRADSHER
    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

    01/13/2012 12:50:04 PM PST · by edpc · 11 replies
    NYT via Yahoo News ^ | 13 Jan 2012 | BINYAMIN APPELBAUM
    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

    01/11/2012 1:45:23 PM PST · by Lakeshark · 114 replies
    Legall Insurrection ^ | 1/11/2012 | William Jacobson
    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)

    01/10/2012 6:27:28 AM PST · by SeekAndFind · 33 replies
    Real Clear Markets ^ | 01/10/2012 | John Tamny
    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

    01/07/2012 11:40:38 AM PST · by jfd1776 · 2 replies
    Illinois Review ^ | January 7, 2012 A.D. | John F. Di Leo
    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

    01/05/2012 8:47:34 AM PST · by SeekAndFind · 22 replies
    Telegraph ^ | 01/05/2012 | By Richard Blackden
    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

    12/23/2011 8:26:43 AM PST · by SeekAndFind · 14 replies
    Business Insider ^ | 12/23/2011 | Global Macro Monitor
    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!
  • The Democratic Party's War on Workers

    12/18/2011 12:33:37 PM PST · by jfd1776 · 12 replies
    Illinois Review ^ | December 18, 2011 A.D. | John F. Di Leo
    ... Never before have so many of the unemployed owed their job loss, not indirectly at all, but quite obviously directly, to the intentional, conscious directives of their president and his direct appointees, the czars and cabinet secretaries who have launched a direct frontal assault on industry after industry ever since their appointments. Consider: Car Dealers: In 2009, though everyone knew that the problems dooming Chrysler and General Motors were their enormous property and property tax obligations caused by too big, too old, factories, and their utterly unsupportable labor and pension costs, Barack Obama ordered the closure of over 3000...
  • China Imposes Tariff on US Car Imports (Obama Motors Gov-Subsidized Cars!)

    12/15/2011 10:35:05 AM PST · by tcrlaf · 7 replies · 1+ views
    UK Gusrdian ^ | 12-14-11 | Graeme Weardon
    China imposes tariff on US car imports Additional duties will be charged on larger-engined American cars with General Motors, Chrysler and BMW all affected. GMC trucks at a General Motors dealership in Los Angeles China is to charge import tariffs on US cars such as these General Motors SUVs. Photograph: Lucy Nicholson/Reuters The tension between America and China over international trade escalated on Wednesday when Beijing imposed additional duties on cars imported from the United States. China's commerce ministry accused America's car industry of "dumping and subsidising", thereby causing substantial damage to China's domestic car industry. From Thursday, levies will...
  • Doomsday war games: Pentagon's 3 nightmare scenarios

    12/13/2011 10:45:44 AM PST · by BenLurkin · 32 replies
    csmonitor ^ | Anna Mulrine, Staff writer
    Pentagon planners have plenty to deal with these days – Iran in search of nuclear-weapons technology, suicide bombings in Afghanistan, and the final pullout of US troops in Iraq potentially leaving behind a security vacuum in the Middle East. But in war games in Washington this week, US Army officials and their advisers debated three nightmare scenarios in particular. Here are the doomsday visions that Pentagon planners have been poring over....
  • 'Growth Gap' Can Be Closed Only With More Investment

    12/13/2011 5:07:16 PM PST · by Kaslin · 2 replies
    IBD Editorials ^ | December 13, 2011 | JAMES S. GILMORE III
    Last week's European Summit shows how difficult it is for the European Union to confront its fundamental economic problems. Since 2007, many European Union countries have suffered loss of their rates of growth and high unemployment. Yet the European Summit offers no plan for growth. More trouble lies ahead for Europe. America's economic condition is not yet as dire as Europe's, but it soon will be if we do not correct the root cause of the problems that we face in our own country. Since 2006 America's growth rate has also declined. America now has 15.5% less GDP than it...
  • Obama establishes an Office of Manufacturing Policy (Welcome to USSR)

    12/12/2011 9:43:28 AM PST · by milwguy · 81 replies
    jsonline ^ | 12/12/2011 | jason schmid
    At a time when economists say U.S. manufacturing policy is in "disarray," the Obama administration on Monday said it has created a new Office of Manufacturing Policy to be co-chaired by the Commerce Department Secretary and the director of the White House National Economic Council. "At this make or break time for the middle class and our economy, we need a strong manufacturing sector that will put Americans back to work making products stamped with three proud words: Made in America," President Barack Obama said in a statement. Wisconsin leads the nation with the highest share of its workforce employed...
  • Obama establishes an Office of Manufacturing Policy

    12/12/2011 12:39:54 PM PST · by bjorn14 · 37 replies
    Milwaukee Journal Sentinel ^ | 12 December 2011 | John Schmid
    At a time when economists say U.S. manufacturing policy is in "disarray," the Obama administration on Monday said it has created a new Office of Manufacturing Policy to be co-chaired by the Commerce Department Secretary and the director of the White House National Economic Council. "At this make or break time for the middle class and our economy, we need a strong manufacturing sector that will put Americans back to work making products stamped with three proud words: Made in America," President Barack Obama said in a statement. Wisconsin leads the nation with the highest share of its workforce employed...
  • Wanted: Blue-Collar Workers - Who will power America’s new industrial revolution?

    12/09/2011 8:43:24 PM PST · by neverdem · 108 replies · 2+ views
    City Journal ^ | Autumn 2011 | Joel Kotkin
    T o many, America’s industrial heartland may look like a place mired in the economic past—a place that, outcompeted by manufacturing countries around the world, has too little work to offer its residents. But things look very different to Karen Wright, the CEO of Ariel Corporation in Mount Vernon, Ohio. Wright’s biggest problem isn’t a lack of work; it’s a lack of skilled workers. “We have a very skilled workforce, but they are getting older,” says Wright, who employs 1,200 people at three Ohio factories. “I don’t know where we are going to find replacements.” That may sound odd, given...
  • GOP Lawmakers Push to Keep U.S. Funds Out of Euro Bailouts (DeMint leads charge against EU bailout)

    12/10/2011 4:54:33 PM PST · by rabscuttle385 · 8 replies
    AP / Fox ^ | 2011-12-10
    Republican lawmakers on Capitol Hill are moving to block the International Monetary Fund from using U.S. money for European bailouts, as talks intensify across the pond over how to stanch the debt crisis. Some U.S. lawmakers want their concerns addressed as part of the feverish end-of-year budget talks. On the House and Senate side, lawmakers have introduced legislation to wall off U.S. taxpayer money from playing any role in averting a European meltdown. "It's time to stop the bailouts and start restoring fiscal discipline to our own economy," Sen. Jim DeMint, R-S.C., said in a statement, as he and 25...
  • Woman denied food stamps kills self, shoots children

    12/06/2011 12:16:12 PM PST · by TexasCajun · 22 replies
    Reuters ^ | 12-6-11 | Jim Forsyth
    SAN ANTONIO (Reuters) - A woman in the border city of Laredo, Texas who was angry because she had been denied food stamps killed herself and shot and critically wounded her two children late on Monday, authorities said on Tuesday.
  • S&P has no choice: Euroland risks bankruptcy on current policies

    12/06/2011 12:23:28 PM PST · by bruinbirdman · 5 replies
    The Telegraph ^ | 12/6/2011 | Ambrose Evans-Pritchard
    Very quickly, Standard & Poor’s is of course right. The immediate eurozone crisis cannot be solved by punishment measures alone. There needs to be some form of joint debt issuance and a lender of last resort to halt "systemic stress". It was well-timed to drop this bombshell on Monday night after the Merkozy fudge (though S&P made the decision earlier), since the duumvirate yet again failed to offer any meaningful way out of the impasse. "Policymakers appear to have acted only in response to mounting market pressures, rather than pro-actively leading market expectations in a way that might have...
  • Free Markets-Free People Rally, Downtown Denver

    11/22/2011 1:11:10 PM PST · by invaderzim · 6 replies
    Hear Us Now ^ | 11.22,11 | Hear Us Now
    What we instead need are more free markets and more liberty – for history has shown that this is the way for our country’s restored greatness – both as a nation but also for the general populace. To that end, we will be rallying on December 3rd at 11:30 a.m. on the West Steps of the Colorado State Capitol to show support for free market capitalism. Additionally, we will be having a charity drive for a charity to be determined to help show that voluntary contributions – not forced altruism at the hand of the government – is the most...
  • “Currency Wars: The Making of the Next Global Crisis” By Jim Rickards

    11/13/2011 12:09:04 PM PST · by Razzz42 · 11 replies
    King World News ^ | November 11th, 2011 | Jim Rickards
    In this interview Rickards discusses his extraordinary new book Currency Wars: The Making of the Next Global Crisis. He also lets King World News listeners know what to expect regarding gold manipulation, the ongoing currency wars and much more. The KWN audio interview with Jim Rickards is available now...
  • DAVID ROSENBERG: We Are In Year 4 Of A 7-10 Year Depression

    11/13/2011 10:11:57 AM PST · by blam · 17 replies
    TBI /Pragmatic Capitalism ^ | 11-12-2011 | Cullen Roche
    DAVID ROSENBERG: We Are In Year 4 Of A 7-10 Year Depression Cullen Roche, Pragmatic Capitalism Nov. 13, 2011, 6:56 AM David Rosenberg of Gluskin Sheff joined Consuelo Mack on Wealth Track this weekend to discuss his outlook for the economy. Rosenberg isn’t just bearish. He say the US economy is in a modern day depression similar to what Japan has suffered from for the last 20 years. He bases this view on the idea that de-leveraging tends to coincide during a prolonged period of economic weakness that is not merely consistent with recession. Rosenberg says we’re just 4 years...