Keyword: manufacturing

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  • NY factory output takes dive

    12/16/2009 9:35:47 AM PST · by george76 · 8 replies · 198+ views
    The Business Review (Albany) ^ | December 15, 2009 | Adam Sichko
    The Federal Reserve Bank of Buffalo branch researches the monthly report. About 200 manufacturing CEOs around the state are surveyed. Indexes measuring new orders and shipping activity showed smaller monthly increases, both moving closer to a value of zero. The report also revealed that manufacturing employment in the state is declining...
  • Rosenberg: The Manufacturing Collapse Has Resumed

    12/10/2009 6:35:48 AM PST · by blam · 7 replies · 750+ views
    The Business Insider ^ | 12-10-2009 | Vince Veneziani and Gus Lubin
    Rosenberg: The Manufacturing Collapse Has Resumed Vince Veneziani and Gus LubinDec. 10, 2009, 8:34 AM Analyst Dave Rosenberg presents a series of enlightening charts this morning that show that for the first time in 14 months, manufacturing inventories are up across the board. Rosenberg: Looking at the sector breakdown of the report, the charts below highlight the sectors that are seeing an outright inventory re-stocking at this time. In addition, what makes these sectors pop out is that they were also cited as areas of expansion in the latest Fed Beige Book. The charts focus on everything from construction to...
  • California Should Copy Texas

    12/07/2009 5:10:19 PM PST · by Kaslin · 31 replies · 880+ views
    Investors.com ^ | December 7, 2009 | INVESTORS BUSINESS DAILY staff
    California: While Gov. Arnold Schwarzenegger worries about rising seas, his state sinks below the waves. Don't mess with Texas, they say. But California and the nation could follow its lead. Last Wednesday, Gov. Schwarzenegger released a new report based on research compiled by the California Energy Commission claiming that by 2100 San Francisco Bay would be more bay than San Francisco, with Fisherman's Wharf and Treasure Island under the rising waters of climate change. His show-and-tell, which included a new Google Earth application the commission spent $150,000 to help develop, goes a long way toward explaining the once-Golden State's slide...
  • GM teams up with Shanghai Automotive for $100m joint venture

    12/05/2009 1:36:41 PM PST · by Mr. Jeeves · 9 replies · 292+ views
    AsiaLynx.com (ChinaDaily.com) ^ | 12/5/2009 | Li Fangfang
    Workers assembling vehicles at the SAIC-GM-Wuling Automobile Co production line in Liuzhou, Guangxi. GM and SAIC together operate eight joint ventures in the country. [Agencies] General Motors Co on Friday said it has set up a $100 million joint venture in Hong Kong along with Shanghai Automotive Industry Corp Group (SAIC) to focus on the Asian markets. As part of this, the new venture would bring under its umbrella all the Indian operations of GM including the two vehicle manufacturing facilities, a power train unit and the nationwide distribution network. GM would also produce and sell small cars and mini-commercial...
  • Chinese aero manufacturers open up to engage export market

    11/30/2009 9:58:41 AM PST · by sukhoi-30mki · 229+ views
    Jane's ^ | Reuben F Johnson | Reuben F Johnson
    Chinese aero manufacturers open up to engage export market By Reuben F Johnson 30 November 2009 Over the last month China's National Aero-Technology Import & Export Corporation (CATIC), the state-licensed aircraft export sales monopoly, along with its industrial partner, Aviation Industries of China, have both demonstrated an unusual degree of openness in displaying data on their products. This willingness of Chinese officials to speak at length on both of these areas seems to have coincided with the 60th anniversary of the People's Liberation Army Air Force (PLAAF) on 11 November. China's military aircraft industry has been steadily developing a line...
  • Shock news - Britain still makes things

    11/26/2009 9:27:38 PM PST · by Cronos · 13 replies · 580+ views
    The Telegraph ^ | 26-Nov-2009 | Edmund Conway
    As Britons, we tend to think about our economy in the same way as our national sports teams. We know we should be world-beaters, but deep down suspect we're doomed to perennial disappointment...As the official statistics confirmed yesterday, ours is the only one of the world's top seven economies still stuck in recession. You might have been aware that Britain was one of the world's biggest chemical producers, thanks to companies such as GlaxoSmithkline, AstraZeneca and the thriving biotech firms that cluster around universities. You probably knew we sold plenty of Scotch and ale overseas. But did you know that...
  • Emerson's CEO Lashes Out At U.S. Manufacturing Burden

    11/20/2009 1:26:18 PM PST · by Entrepreneur · 19 replies · 872+ views
    Supply House Times ^ | November 18, 2009 | Staff
    David Farr, CEO of Emerson Electric Co., said federal governmental policies are hurting U.S. manufacturing. He cited cap and trade, health care reform and labor rules as undermining the industry and its ability to expand and grow jobs domestically. He said that his company will continue to focus on growth overseas. Emerson, the maker of electrical equipment and InSinkErator garbage disposals with $20.9 billion in sales for the year ended September, will keep expanding in emerging markets, which represented 32 percent of revenue in 2009. About 36 percent of manufacturing is now in “best-cost countries” up from 21 percent in...
  • Chinese Jet Gets Boost From Obama

    11/18/2009 5:41:48 PM PST · by ricks_place · 74 replies · 3,085+ views
    Wall Street Journal ^ | NOVEMBER 18, 2009 | ANDY PASZTOR And NORIHIKO SHIROUZU
    One of the few concrete signs of cooperation to emerge from this week's U.S.-China summit could boost Beijing's drive to become a global aircraft maker. President Barack Obama pledged Tuesday to push for closer technical collaboration and eventual U.S. safety approval for China's ARJ21 commuter jet. That amounts to both a symbolic and practical step to counter Beijing's growing frustration with U.S. aviation policy and U.S. restrictions on the purchase of certain technologies. The high-profile U.S. initiative is especially significant because China's own safety regulators are still a year or more away from approving the 70-to-100-passenger aircraft being developed by...
  • Boeing Heads South For Better Business Climate

    11/01/2009 2:38:56 PM PST · by radioone · 17 replies · 608+ views
    Big Government Blog ^ | 10-31-09 | Amber Gunn
    On Wednesday, Boeing announced it would put a second 787 assembly line in Charleston, S.C., rather than Everett, WA.
  • Chinese manufacturing expands for 8th straight month

    11/01/2009 9:46:51 AM PST · by Ernest_at_the_Beach · 4 replies · 252+ views
    MarketWatch ^ | Nov. 1, 2009, 12:01 p.m. EST | Chris Oliver, MarketWatch
    HONG KONG (MarketWatch) -- China's manufacturing expanded for the eighth straight month in October and forward-looking indicators pointed to a further pick-up underway, according to a government index released Sunday.The data adds up to a picture of an economy that's on track for acceleration in the October-to-December period, marking the third-straight quarterly pick up. The Purchasing Managers Index (PMI) rose to 55.2 in October from 54.3 in September, the China Federation of Logistics and Purchasing said in a release. A gauge of export orders rose to 54.5 from 53.3, the sixth straight month of gains. General orders notched a similar...
  • S.C. decision transforms Boeing's relationship with Washington, labor unions

    11/01/2009 9:35:34 AM PST · by jazusamo · 33 replies · 993+ views
    Seattle Times ^ | November 1, 2009 | Dominic Gates
    Boeing's decision to build a new airplane-assembly plant in Charleston, S.C., will change the shape of the company and dramatically alter how both the state of Washington and the Machinists union approach Boeing. Washington state must accept a future where it competes for every new Boeing airplane program, with low-wage South Carolina as a certain rival. The Machinists must accept that if Boeing doesn't like their demands, it can direct future work to its nonunion Charleston plants. A defining moment could come about 2015, when Boeing will choose where to build the successor plane to either the Renton-built 737 or...
  • UAW pact voted down at two more plants (UAW Working to Bankrupt FORD)

    10/30/2009 9:15:25 AM PDT · by mojito · 62 replies · 1,840+ views
    Kansas City Star ^ | 10/30/2009 | Unattributed
    Doubts are growing about whether the Ford pact with the United Auto Workers will be approved after the rank and file at two more plants overwhelmingly rejected it. Workers at a parts-making plant in Saline, Mich., voted 75 percent against the deal. Research and engineering employees in Dearborn, Mich., were even more negative, with roughly 90 percent voting against the deal. Ford’s biggest assembly plant, at Claycomo, has already voted 92 percent against the concessions, which Ford says it needs to stay competitive. Chrysler and General Motors got the conessions from the UAW, but they were going through bankruptcy, which...
  • Boeing Picks South Carolina for Dreamliner Plant

    10/28/2009 4:12:37 PM PDT · by 1rudeboy · 64 replies · 2,113+ views
    The Wall Street Journal ^ | October 28, 2009 | Peter Sanders
    CHICAGO—Boeing Co. said it would build a second final assembly line for its troubled 787 Dreamliner jet in South Carolina, a move that spurns the powerful aircraft machinists' union that had been negotiating with Boeing to locate the work at the current factory near Seattle. Boeing has been laying the groundwork for a new factory in South Carolina for months and could begin construction at a facility it owns in North Charleston, S.C., as early as Nov. 2. The factory is expected to be operational by July 2011. Boeing's decision comes after a flurry of lobbying by officials in both...
  • Boeing chooses South Carolina for second 787 plant

    10/28/2009 2:55:38 PM PDT · by ConservativeStatement · 38 replies · 1,153+ views
    Dow Jones)--Boeing Co. on Wednesday announced it would build a second final assembly line for its troubled 787 Dreamliner jet in South Carolina, a move that spurns the powerful aircraft machinists' union that had been negotiating with Boeing to locate the work at the current factory near Seattle. Boeing has been laying the groundwork for a new factory in South Carolina for months and could begin construction at a facility it owns in North Charleston, S.C., as early as Nov. 2. The factory is expected to be operational by July 2011.
  • Boeing announces new 787 plant in Carolina

    10/28/2009 2:03:36 PM PDT · by djf · 44 replies · 1,430+ views
    Just announced KING5 news, waiting for link...
  • Boeing, Machinists and denial (Opinion)

    10/28/2009 11:12:18 AM PDT · by jazusamo · 70 replies · 1,556+ views
    Seattle Times ^ | October 28, 2009 | Danny Westneat
    So Boeing is threatening to jilt us (again). To run out on our nine decades of marriage with someone smarter? Better? More reliable? Nope. With someone cheaper. Take away the heat, all the union-bashing or management second-guessing as Boeing now appears ready to move a major piece of its plane-building operations to South Carolina. At the core of this breakup drama is a cold statistic: 14. As in $14. Per hour. That's the average pay of the local line workers who are building the fuselage of Boeing's 787 Dreamliner in a Charleston, S.C., plant. Average pay of a Boeing Machinist...
  • 5,000 apply in just 24 hours for 1,200 job openings (taking apps till Nov 15th)

    10/27/2009 2:07:19 AM PDT · by The Magical Mischief Tour · 6 replies · 560+ views
    This a from the Tennessean, the Pravda of the South. They don't like conservatives so you need to copy and paste the link. VW is opening a plant in Chattanooga and will be hiring 1,200 for production. They started taking applications on line today and have received over 5,000 and the application period runs through November 15th. http://www.tennessean.com/article/20091027/BUSINESS01/910270331/5+000+seek+VW+jobs+on+Day+1
  • Crysler to build 100,000 Fiat 500 In Mexico

    10/24/2009 4:46:53 PM PDT · by jamese777 · 53 replies · 1,460+ views
    Autoevolution ^ | 10/19/09 | Bogdan Popa
    As part of the Fiat - Chrysler alliance, the Italian carmaker will bring several new models in the United States but the 500 mini car will be the only one to be sold under the Fiat badge. The car is going to be produced by Chrysler in Mexico and, according to people close to the matter, the US-based former bankrupt automaker has already required suppliers to make sure that their parts are enough for around 100,000 Fiat 500. The Fiat 500 produced in Mexico will be sold in the US, Canada and South America, Bloomberg reported, with initial production goals...
  • Modular homes: Businessman wants to reframe buyers' thinking on construction

    10/20/2009 9:36:08 PM PDT · by 2ndDivisionVet · 44 replies · 1,594+ views
    The Chicago Tribune ^ | October 4, 2009 | Mary Ellen Podmolik
    It's hard to not be spellbound by the sight of half of a new house slowly swinging across the street and gently coming to rest on a precast concrete foundation. Raise the roof line, join the two sections, add a decorative facade, tidy up the entrance and it's almost ready for occupancy, right down to the sparkling bathroom mirrors and kitchen appliances. But would you want to live in a house that arrives on two flatbed trucks? Or would you feel your home sweet home is one front step away from living in a trailer? A California businessman with Chicago...
  • Port of Long Beach TEUs Year To Date [Container shipping]

    10/20/2009 6:31:20 PM PDT · by Vince Ferrer · 4 replies · 370+ views
    Port of Long Beach ^ | October 20, 2009 | Port of Long Beach
    Container Trade in TEUs* 2009 Year-to-Date*TEUs: 20-foot equivalent units or 20-foot-long cargo container **Preliminary estimate   Loaded Inbound Loaded Outbound Empties Total Containers January 200,588 88,510 110,197 399,295 February 149,299 92,781 75,962 318,042 March 186,450 117,674 70,007 374,131 April 199,051 112,976 96,678 408,705 May 208,591 121,064 89,900 419,555 June 206,358 114,107 92,882 413,347 July 221,719 108,420 102,874 433,013 August 249,920 130,623 112,796 493,339 September 224,924 109,337 106,103 440,364 October November December Year-to-Date 1,846,900 995,492 857,399 3,699,791 YTD % Change -23.8% -26.3% -24.2% -24.6%
  • Pillars of the Next American Century

    10/19/2009 1:04:01 PM PDT · by 2ndDivisionVet · 7 replies · 512+ views
    The American Interest ^ | The November-December 2009 Issue | James Kurth
    The 20th century was famously called “the American century”, yet its being so called occurred in an improbable way. The phrase itself was actually not used until Time publisher Henry Luce coined it in a special issue of Life magazine in 1941—by which time 40 percent of the 20th century had already passed. Moreover, 1941 was a year in which the superiority of America and of the American way of life appeared decidedly problematic. Only the year before had the United States finally exited, statistically speaking, the decade of the Great Depression. Nazi Germany’s armies occupied most of Europe, stretching...
  • Office furniture maker HNI closes Kentucky factory

    10/14/2009 11:16:37 PM PDT · by Chet 99 · 2 replies · 441+ views
    DES MOINES, Iowa - Office furniture and fireplace insert manufacturer HNI Corp. said Friday it plans to close a Kentucky factory to reduce costs. The company said it notified workers and union officials of its decision to close the Owensboro, Ky., office furniture factory beginning in the fourth quarter. The work will be absorbed by other factories. The closure should be completed by the end of the second quarter 2010.
  • Spencer plant closing will cost 65 jobs

    10/14/2009 11:24:45 PM PDT · by Chet 99 · 7 replies · 500+ views
    SPENCER, Iowa -- A Northwest Iowa plant that makes engine seals for the automotive industry is closing, costing 65 workers their jobs. Michigan-based Freudenberg-NOK announced Wednesday it would close its Spencer plant and distribution center over the next six months and transfer the work to two facilities in Ohio. A Freudenberg-NOK spokeswoman attributed the decision to the economic downturn, which reduced sales to the manufacturing industry. The firm was forced to reassess its operations, and consolidate its maufacturing facilities, which have been operating at reduced capacity, said Sarah O'Hare, the company's vice president of human resources and communications.
  • Made in the USA: New Web Site Promotes American Products

    10/15/2009 5:24:31 PM PDT · by jwparkerjr · 32 replies · 1,759+ views
    Fox News ^ | 10/14/09 | Jamie Colby
    In just a month since its official launch, a new Web site MadeInUSA has signed up more than 350,000 U.S.-based companies looking to encourage consumers to "be American and buy American." Creators of the site hope to ensure that as many jobs as possible stay in the U.S. rather than be outsourced overseas. For 50 years now, Mountain and Sackett, a tie manufacturer with a plant in Long Island City, N.Y., has made ties mostly by hand. Some 50 employees, some who have been with the company for decades, stitch meticulously for 40 hours a week. They get health care...
  • Harley-Davidson Discontinues Buell Motorcycles (180 More Jobs Lost in Wisconsin)

    10/15/2009 11:06:45 AM PDT · by Diana in Wisconsin · 61 replies · 1,943+ views
    Examiner.com ^ | October 15, 2009 | Examiner.com
    Harley-Davidson USA today announced that they are discontinuing the Buell line of motorcycles. This news comes as Harley-Davidson reported a third quarter earnings that was down 21.3% from the same period in 2008. All remaining in-stock Buell motorcycles and accessories will be sold by authorized dealers, but no additional Buell motorcycles will be manufactured. Existing warranty coverage for Buell motorcycles will be honored and Harley-Davidson will continue to provide replacement parts and service through their dealerships. Over time, the discontinuing of the Buell line is expected to eliminate 80 hourly productions positions and approximately 100 salaried positions at Buell. According...
  • Whirlpool will build $55 million plant, employ 1,100 in northern Mexico

    10/10/2009 5:00:52 PM PDT · by Graybeard58 · 76 replies · 2,250+ views
    Evansville Courier ^ | October 9, 2009 | Ryan Reynolds
    Whirlpool Corp.'s division in Mexico has announced it will build a $55 million plant in the northern city of Apodaca, employing 1,100 people. That number may sound familiar. The appliance maker announced in August it was shutting down its Evansville manufacturing line in mid-2010 and moving it to Mexico. Evansville's line employs 1,100 people. Jill Saletta, director of external relations for Whirlpool, confirmed in a statement Friday that the jobs being created in Apodaca are those from the Evansville plant. "As announced in August, the production of refrigerators currently made at Evansville, and the 1,110 jobs associated with that production,...
  • Dell to close N.C. plant, lay off 905

    10/07/2009 12:28:24 PM PDT · by Kartographer · 34 replies · 1,392+ views
    Dell plans to close its Winston-Salem, N.C. factory and lay off about 905 employees by January, the company has confirmed. The first 600 employees will be released next month, the Round Rock company said. The company said the closure is part of an effort directed at "simplifying operations and improving efficiency."
  • Dell closing Winston-Salem plant

    10/07/2009 12:53:24 PM PDT · by southernnorthcarolina · 57 replies · 2,284+ views
    [Raleigh] News & Observer ^ | October 7, 2009
    Dell plans to close its computer manufacturing plant in Winston-Salem by January, and lay off 905 employees. Dell opened the assembly plant in 2005 and was offered a massive incentives package valued at $305 million if it met hiring and investment goals. The project was seen as a major economic development victory by supporters and a huge waste of taxpayer money by critics. About 600 workers at the plant will be let go next month, Dell announced this afternoon. The rest will be out of work by early next year. The closure of the Forsyth County plant is part of...
  • Striking workers force GM to shut Thai plant

    10/06/2009 2:44:14 PM PDT · by jessduntno · 19 replies · 618+ views
    BANGKOK, Oct 5 (Reuters) - Hundreds of striking workers forced U.S. auto maker General Motors Co [GM.UL] to shut its Thai assembly plant on Monday, company and union officials said, raising the stakes in a pay dispute with management. About 200 of 800 unionized workers at the plant in southeast Rayong province joined the strike, a GM spokeswoman said. The rest were asked to take paid holidays pending negotiations with union leaders, she added. But GM union leader Suriya Pochairuak put the number of striking workers at about 700. The GM plant, which has about 1,700 employees on its payroll,...
  • “Cap” Industrial Competitiveness and “Trade” Domestic Manufacturing Jobs Abroad

    10/05/2009 5:12:04 AM PDT · by Kaslin · 4 replies · 417+ views
    Townhall.com ^ | October 5, 2009 | Brett Vassey
    Now that the Senate has returned from its August recess, its members have many issues with which to contend. Although health care reform has received much of the attention in recent weeks, another bill, the American Clean Energy and Security Act of 2009 (H.R. 2454) or more widely known as Waxman-Markey or “cap & trade,” is equally deserving of scrutiny. This is because most major economic impact studies demonstrate that the “cap & trade” scheme proposed in the Waxman-Markey bill will create massive consumer costs with undefined environmental benefits. In June, the Waxman-Markey bill narrowly passed the U.S. House 219-212...
  • The State of U.S. Manufacturing

    10/05/2009 4:25:24 AM PDT · by expat_panama · 164 replies · 2,893+ views
    Foreign Exchange Daily ^ | October 2nd 2009 | Marc Chandler
    The United States has been hollowed out. It no longer manufactures goods. Once the factory of the world, the U.S. now manufactures debt. The high wage manufacturing jobs have been out-sourced to low wage economies. The demise of U.S. manufacturing is at the core of the decline of America, its chronic trade deficits and growing international indebtedness. It makes the world’s savers reluctant to be exposed to the U.S. dollar.There is one problem with this widely held view: It is factually wrong.The value of U.S. manufacturing output in real terms (adjusted for inflation) was a little more than $3 trillion...
  • Peterbilt Permanently Closing Nashville Plant

    09/29/2009 1:22:51 PM PDT · by The Magical Mischief Tour · 61 replies · 2,256+ views
    Nashville Channel 5 ^ | 09/29/2009 | Nashville News Ch. 5
    <p>NASHVILLE, Tenn. (AP) - Peterbilt Corp. permanently closed its truck plant in Nashville.</p>
  • Auto Makers Unlikely To Repay Loans Fully

    09/22/2009 10:04:52 PM PDT · by DesScorp · 13 replies · 679+ views
    The Wall Street Journal ^ | 10 Sep. 2009 | MEENA THIRUVENGADAM
    The Treasury Department drove a hard bargain but likely won't recoup taxpayers' entire investments in General Motors Co. and Chrysler Group LLC, said a report from a congressional panel overseeing government bailouts of the banking and auto sectors. The panel, though, commended the Treasury's efforts to function as a tough negotiator for structuring deals to save ailing auto makers. "They may have driven the best bargain they could, but it may not be enough," said Elizabeth Warren, a Harvard University law professor and the panel's chairwoman. The report cited remarks from Obama administration manufacturing adviser Ron Bloom, who previously ran...
  • Pratt & Whitney says will cut 1,000 Conn. jobs

    09/21/2009 2:19:49 PM PDT · by Kartographer · 30 replies · 1,293+ views
    AP/GoogleNews ^ | 9/21/09
    Jet engine maker Pratt & Whitney says it will eliminate 1,000 jobs in Connecticut by 2011 as it transfers work to Georgia and Asia.
  • Explaining Two Trade Busts: Output VS. Trade Costs In The Great Depression And Today

    09/20/2009 4:03:42 PM PDT · by blam · 43 replies · 910+ views
    VOX ^ | 9-19-2009 | Douglas L. Campbell David Jacks Christopher M. Meissner Dennis Novy
    Explaining Two Trade Busts: Output VS. Trade Costs In The Great Depression And Today Douglas L. Campbell David Jacks Christopher M. Meissner Dennis Novy 19 September 2009 Trade has declined massively during the crisis. This column assesses the relative roles of falling demand and rising trade costs in explaining the collapse and compares it to the Great Depression. Surprising, the increase in trade costs today is as large as in 1929, despite the absence of any modern protectionism resembling Smoot-Hawley. It appears that reviving global demand alone will be insufficient to revive world trade. If the world economy is now...
  • Mercury Marine Managers Sue Over Unpaid Bonuses

    09/19/2009 4:58:36 PM PDT · by Diana in Wisconsin · 20 replies · 1,298+ views
    JSOnline ^ | September 18, 2009 | John Schmid
    As union workers at Mercury Marine fought over contract concessions meant to save hundreds of jobs in Wisconsin, the company's midlevel managers filed a lawsuit over unpaid bonuses. The class-action lawsuit, filed last month in federal court, argues that the Fond du Lac-based outboard-engine maker failed to pay $7 million in bonuses to roughly 100 managers. According to the suit, senior Mercury executives instructed lower level managers in April 2008 to implement a cost-savings program and assured managers that they would receive 10% of whatever savings they managed to achieve as an incentive. The suit names Brunswick Corp., Mercury's parent...
  • Buy American Hurts Most Americans

    09/18/2009 9:09:18 AM PDT · by SeekAndFind · 146 replies · 2,322+ views
    Cato Institute ^ | 2009 | Daniel Ikenson
    Earlier today, Doug Bandow weighed in with some commentary on the problems that Buy American provisions are creating for both Canadian and American businesses. Let me reinforce his view that such rules are anachronistic and self-defeating with some thoughts from a forthcoming paper of mine about the incongruity between modern commercial reality and trade policies that have failed to keep pace. Even though President Obama implored, “If you are considering buying a car, I hope it will be an American car,” it is nearly impossible to determine objectively what makes an American car. The auto industry provides a famous example,...
  • America's Tired Protectionism

    09/14/2009 5:35:42 PM PDT · by Kaslin · 17 replies · 383+ views
    IBD Editorials ^ | September 14, 2009
    Trade: President Obama has fired the opening salvo in a trade war with China by slapping 35% tariffs on its tires. But besides giving China a kick, this protectionism will harm Americans across the economy.Sec. 421 of the 1974 Trade Act, intended to control surges in imports. But the markets paid attention. Global stock futures tumbled over the weekend. Asian markets dropped sharply Monday, fearing a wave of U.S. protectionism. China called the U.S. move "rampant protectionism" and vowed to investigate dumping charges against U.S. auto parts and chicken, two industries that have made inroads into the China market. The...
  • US tyre duties spark China clash (Obama sides with the Unions again!)

    09/14/2009 4:19:42 AM PDT · by SonOfDarkSkies · 35 replies · 856+ views
    Financial Times UK ^ | 9/13/2009 | Geoff Dyer in Shanghai and Tom Braithwaite in Washington
    A full-blown trade row erupted between the US and China after Beijing accused Washington of “rampant protectionism” for imposing heavy duties on imported Chinese tyres and threatened action against imports of US poultry and vehicles. Trade relations between two of the world’s biggest economies deteriorated after Barack Obama, US president, signed an order late on Friday to impose a new duty of 35 per cent on Chinese tyre imports on top of an existing 4 per cent tariff. In his first big test on world trade since taking office in January, Mr Obama sided with America’s trade unions, which have...
  • Boeing Co. employees vote to disband union

    09/14/2009 12:32:07 PM PDT · by Abathar · 61 replies · 1,901+ views
    postandcourier.com ^ | September 14, 2009
    Boeing Co. workers in North Charleston voted overwhelmingly to disband their union in a move that could give the region an edge in landing an aircraft plant the company is looking to build. Of the 267 ballots cast, 199 were in favor of decertifying the election that made them members of the International Association of Machinists. The company was pleased; the union was disappointed. The local plant makes rear fuselage sections for Boeing's 787, a new fast-selling lightweight jet that has been delayed by snags with suppliers and an eight-week strike last year by the IAM. Boeing has said it...
  • Depression-era dinnerware keeps maker afloat (Last made in USA)

    09/13/2009 1:59:15 PM PDT · by decimon · 62 replies · 2,588+ views
    Associated Press ^ | Sep 13, 2009 | Vicki Smith
    > Yet Fiesta's enduring popularity and strong sales even as consumers cut back are helping to keep struggling Homer Laughlin China Co. afloat. It's the last major dinnerware producer that makes its products in the U.S., as competitors have shut down or moved offshore. >
  • A Protectionist Wave--Obama invites a rush of similar claims with his tariffs on Chinese tires

    09/12/2009 10:27:14 AM PDT · by jazusamo · 56 replies · 1,085+ views
    The Wall Street Journal ^ | September 12, 2009 | Editorial
    The White House leaked word late Friday evening that the U.S. will impose a 35% tariff on imported Chinese tires used by millions of low-income Americans. We wonder if President Obama understands the political forces he's unleashing with this blatant protectionism. Mr. Obama is setting a precedent in the tire case because he is applying a previously unused part of the trade law known as Section 421. This allows U.S. industries or unions to seek protection from "surges" of Chinese imports, with a lower burden of proof than normal antidumping or countervailing duty cases. President Bush nixed the four Section...
  • Toyota closure could erase 40,000 jobs in California

    09/11/2009 5:23:29 PM PDT · by MamaDearest · 24 replies · 1,377+ views
    HispanicBusiness.com ^ | September 11, 2009 | Greg Gardner
    DETROIT - Toyota's decision to close its 25-year-old California factory where UAW workers build Corolla cars and Tacoma pickups has delivered a seismic, Detroit-like jolt to the once-invincible Silicon Valley economy. The Japanese automaker's first plant closing in North America will add to California's swelling unemployment rolls, and perhaps, help the Golden State better empathize with the industry that it has persistently challenged with regulatory requirements. The closure also will eliminate Toyota's only UAW-represented workforce. ;California has now lost 580,000 manufacturing jobs - a quarter of its total - since 2001. NUMMI's closure next March could erase about 40,000 more....
  • Workers at Boeing's Charleston plant vote out union

    09/10/2009 3:45:30 PM PDT · by jazusamo · 45 replies · 1,947+ views
    Seattle Times ^ | September 10, 2009 | Dominic Gates
    Workers at Boeing's 787 fuselage assembly plant in Charleston, S.C. have decisively voted to get rid of the Machinists union as their bargaining representative with the company. The vote was 199 for decertification of the International Association of Machinists (IAM) union against 68 for retaining it. The vote means that Boeing Charleston becomes a non-union plant. It will compete with Boeing Everett, an IAM stronghold, to be the site of a second 787 Dreamliner assembly line. A decision on that site selection is expected by year end. Boeing spokesman Tim Healy said the company is pleased with the outcome. "Boeing...
  • Deere Trims 367 Jobs At Ill. Factory In Latest Round Of Cuts

    09/10/2009 2:36:39 PM PDT · by Kartographer · 31 replies · 655+ views
    money.cnn.com ^ | 9/10/09
    Deere & Co. (DE) will put 367 employees on indefinite layoff at its East Moline, Ill., factory later this month due to reduced demand. The world's largest maker of farm equipment has been shedding jobs at several of its factories by a few hundred employees at a time throughout the year because of the demand slump. Still, the figures have been relatively small, as Deere has over 50,000 employees.
  • Documentary: Video: GM Cars What the Hell Happened?

    09/08/2009 8:15:00 PM PDT · by wrrock · 22 replies · 960+ views
    cdr ^ | 9/8/2009 | cars
    General Motors was not so long ago the largest motor company in the world, who would have thought one day would be taken over by the miniature Japanese autos. This documentary struggles to answer this very question.
  • Obama Expands Car Czar's Duties ( "Mfg. Czar"...ENOUGH ALREADY!)

    09/07/2009 7:21:50 PM PDT · by kellynla · 27 replies · 1,014+ views
    Washington Post ^ | September 8, 2009 | staff
    President Obama on Monday announced his selection of Ron Bloom as senior counselor for manufacturing policy. Speaking at an AFL-CIO picnic in Cincinnati, the president introduced Bloom, who has been a senior adviser to Treasury Secretary Timothy F. Geithner as part of the auto industry task force since February. Bloom, a Harvard Business School graduate, previously advised the United Steelworkers union and worked as an investment banker. "As my new point person on manufacturing, he's going to help us craft the policies that will create the next generation of great manufacturing jobs and ensure American competitiveness in the 21st century,"...
  • Defying Critics, Obama Names Another Czar After Resignation of Environmental Adviser

    09/07/2009 8:59:03 AM PDT · by Sammy67 · 49 replies · 3,550+ views
    FoxNews ^ | 9/7/09
    President Obama's announcement of his selection of Ron Bloom as "manufacturing czar" follows the weekend resignation of Van Jones, the White House "green jobs czar" who had come under fire in recent weeks for past inflammatory statements. As one White House "czar" departs amid a cloud of controversy, an undeterred President Obama is naming a new one to advise him on manufacturing, defying conservative critics who have raised concerns about these advisory positions that do not require congressional oversight. Obama chose a Labor Day union picnic on Monday as the backdrop to announce his selection of Ron Bloom, a member...
  • Obama to Name Manufacturing Adviser at Labor Day Picnic

    09/07/2009 6:44:12 AM PDT · by STONEWALLS · 55 replies · 1,128+ views
    FOX News ^ | 09-07-09 | AP
    President Barack Obama is tapping a member of his auto industry task force to advise him on manufacturing. Obama chose a Labor Day union picnic on Monday as the backdrop to announce his selection of Ron Bloom as senior counselor for manufacturing policy. Bloom planned to travel to Cincinnati with Obama for an afternoon announcement at the AFL-CIO event.
  • At AFL-CIO Labor Day picnic, Obama to name White House adviser for manufacturing policy

    President Barack Obama is addressing one of his key constituencies — organized labor — on Monday as union members gather to celebrate the holiday named for their movement. As Obama prepares for a critical speech Wednesday to Congress and the nation about his efforts to overhaul health care, a supportive audience at the AFL-CIO’s annual Labor Day picnic in Cincinnati should provide welcome relief from the highly charged partisan atmosphere surrounding the issue. Besides addressing health care, Obama will tell the assembled union members he has named Ron Bloom as senior counselor for manufacturing policy. Bloom has served since February...