In the context of last week’s surprisingly positive job numbers (so surprising in fact that President Obama had to do a last minute rewrite to his speech Friday), two news stories have shared additional good news for USmanufacturing. They’re largely anecdotal evidence, but perhaps they show a return of manufacturing jobs to the US for a number of reasons, including hedging...
In the context of last week’s surprisingly positive job numbers (so surprising in fact that President Obama had to do a last minute rewrite to his speech Friday), two news stories have shared additional good news for USmanufacturing. They’re largely anecdotal evidence, but perhaps they show a return of manufacturing jobs to the US for a number of reasons, including hedging...
The U.S. has endured a massive housing crisis, and intense manufacturing competition from a seemingly endless supply of low cost labor abroad. Yet somehow, for Legacy Furniture Group of North Caroline, business is booming. Sales are growing 10% and the company has its employees working overtime to meet demand. They're also hiring. Associated Press: In November alone, the company that...
Cross posted from The Obamany Hall Chronicles The businesses that the neo-communist troika (Obama/Reid/Pelosi) don't succeed in nationalizing, will flee overseas, shaking the dust of the US off their feet. Will it be too late by next year's midterm elections to shove a brick under the wheels of the out of control manure spreader that the Obama administration has been revealed to be? The troika is...
Asian stock markets were lower Friday, following a late sell-off on Wall Street after weaker-than-expected U.S.manufacturing and retail data. The Nikkei slipped 0.4%.
Asian stock markets were lower Friday, following a late sell-off on Wall Street after weaker-than-expected U.S.manufacturing and retail data. The Nikkei slipped 0.4%.
Manufacturing in the U.S. expanded in November for a fourth consecutive month, propelled by gains in orders and exports that signal growth will be sustained.
The ISM Manufacturing Index data registered a sharper fall than what many were expecting with a decline to 53.6 in November from the previous level of 55.7 in November. The key issue is that the index remains above the 50 level and growth within the US manufacturing sector is continuing. It would appear that the US economy is still on course to post a level of growth for Q4 similar to...
This must be one of Warren Buffett's favorite charts right now. The Purchasing Managers Index (PMI) is an economic indicator for the U.S.manufacturing sector, in blue below. It tends to be a leading indicator for future railroad shipments. This relationship makes sense since product orders generally lead to transportation demand via railroad and trucks. Due to positive signs from manufacturing,...
My eye was drawn to the provocative headline , “Alcoa head says weak dollar is bad for US industry.” How could that be? Aren’t American manufacturing firms being hurt by an overvalued dollar that increases the price of their goods made here relative, say, to imports from China? That may be true, I learned, but that is not what bothers Klaus Kleinfeld, the CEO of Alcoa. He...
The White House is trying to bum rush tens of billions of dollars through Congress to fund the Afghanistan escalation without a debate on the war. But Bush is gone. And Hope and Change are here. Right? I recall when President Clinton, a former DLC Chairman, had decided to move the first President Bush's catastrophic NAFTA legislation-- that did so much to accelerate the destruction of the U.S....
From the Denver, CO NBC affiliate KUSA-TV: Vestas shutting down production for unknown time By Dan Boniface, Adam Chodak 12/7/2009 WINDSOR – Denmark-based wind-turbine company Vestas plans to temporarily halt production at its Windsor blade manufacturing plant for an unknown period of time in the first part of 2010. Most, if not all, of its 500 [...]
With President Obama carrying on his “jobs summit” this week blaming business for “not hiring enough workers,” it is interesting to see the reaction of at least one major U.S. business to the Obama administration’s actions during this economic downturn.
... effect on us, the end users? From a business perspective, not really. This is more a boon for the US WLAN manufacturing vendors. It will give them a way to get a “one up” on their Asian counterparts. USmanufacturing thrives on competition, and with so much coming in from outside the US, it would be nice to bring some of that business back to the USA. From a usability perspective,...
... Yahoo! Finance: “Multi-Fineline Electronix, Inc. engages in the engineering, design, and manufacture of flexible printed circuit boards and related component assemblies for the electronics industry. The company’s products are used in feature phones, smart phones, consumer electronic devices, portable bar code scanners, computer/storage devices, and medical devices… It...