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Unless you live under a rock, you must have heard how Carrier made national news over a pending plant closure. Whether you sell Carrier, or not, and whether you like Carrier, or not, you should defend the manufacturer because that’s defending the industry, your industry. What Happened? Carrier announced the closure of its Indianapolis plant with production transferred to Monterrey, Mexico. During a meeting where the closure was announced to employees, one employee whipped out a smart phone and recorded three and half minutes of the announcement, posted it on YouTube, which was picked up by Drudge, and went viral....

1/3 of South Carolina's Manufacturing Jobs Have Disappeared Since NAFTA AP Photo/Paul SancyaAP Photo/Paul Sancya by JULIA HAHN 19 Feb 2016 919 At a CNN town hall Thursday, businessman and Republican presidential candidate Donald Trump once again put the issue of manufacturing front and center in the 2016 race. When CNN's Anderson Cooper pressed Trump on whether a U.S. president ought to be sending cease and desist letters and whether he would continue to do so as president, Trump said, "maybe to China" -- pointing out the extraordinary job losses Americans have experienced through trade policies: No... I would be...

Federal Reserve Chairwoman Janet Yellen faced what may have seemed like an absurd line of questioning on Capitol Hill this week: Has the Fed considered negative interest rates? It's not a fantasy. At central banks around the world, negative benchmark interest rates have become the new normal, leading to some unusual paradoxes. In Denmark, instead of paying interest on their mortgages, many borrowers have been receiving payments from banks on their home loans. On the flip side, some Swiss bank customers have had to pay banks to keep cash in savings accounts. Yellen told Congress Thursday, following negative moves by central banks in Europe and elsewhere, the Fed has...

I agree with Obama for allowing a U.S. corporation to open a factory in Cuba Obama just gave approval for Cleber LLC, an Alabama-based company that builds tractors, to open a factory in Cuba. This will be the first new U.S. factory to be built and operated in Cuba in over 50 years.As a libertarian, I totally agree with Obama on this issue. Bringing global capitalism to Cuba is a wonderful idea.The average Cuban citizen earns $20 per month.Usually, when U.S. corporations open up factories in poor countries, in order to attract workers, they usually pay between two and five times...

Si Se Puede!It’s not just China and Mexico that are taking US jobs… Now, thanks to Barack Obama, Cuba will be building American tractors.Cleber Tractors is building a tractor plant in Cuba.USA Today reported: The Obama administration approved the first U.S. factory to be built and operated in Cuba in more than 50 years, in the latest sign of the rapidly changing relationship between the United States and the communist nation.Cleber LLC, an Alabama-based company that builds tractors for small farms, was notified by the Treasury Department that it could open a facility in Cuba. Co-founder Saul Berenthal said the...

INDIANAPOLIS -- Donald Trump is weighing in on the news that Carrier is moving from Indianapolis to Mexico. 1,400 workers at the heating, cooling, air conditioning, and refrigeration company got word Wednesday that the plant was being relocated to Monterrey.

Here are the workers at Carrier Air Conditioning equipment being told they are moving the manufacturing to Mexico.

<p>In a move guaranteeing that 2,100 workers will be out of a job, two Indiana plants have plans to move operations to Mexico.</p> <p>The companies, who make products for heating, ventilating and air conditioning (HVAC), will begin layoffs within the next two years.</p>

This is a major economic blow to Indianapolis' struggling manufacturing sector. One of the City's largest employers, Carrier, announced it's closing its manufacturing facility on Indianapolis' west side, eliminating 1,400 jobs. The layoffs will begin in 2017 and be spread over three years according to the Indianapolis Star. Carrier's president of HVAC systems, Chris Nelson, says the move is part of the "continued migration of the HVAC industry to Mexico, including our suppliers and competitors, and ongoing cost and pricing pressures driven, in part, by new regulatory requirements." Let me guess that more than a few of these workers at...

Published reports are saying that Ford plans to build a new auto plant in Mexico, with plans to more than double production there Ford plans to build a new assembly complex in San Luis Potosi and expand an existing facility near Mexico City, according to The Wall Street Journal. The Journal says the Dearborn, Michigan, carmaker will add 500,000 units of annual capacity there, beginning in 2018. That would be more than double last year's production in that country. The newspaper cites unnamed people briefed on the plan. Costs for the project likely will exceed $1 billion, people familiar with...

One of the cornerstones of Donald Trump's campaign has been the fact that millions of jobs have been lost to overseas industries because it is often too expensive to do business in America anymore. Many liberals have criticized Trump for these statements, but the Wall Street Journal recently reported that Ford's latest production move showed that Trump was exactly right. Ford planned to build a new assembly plant in Mexico in order to produce 500,000 more vehicles in Mexico than it currently does. Last year Ford's Mexican output was 433,000 vehicles, which translates to about 14 percent of its total...

INDIANAPOLIS (WISH) - An Indianapolis manufacturing facility is moving operations to Mexico, impacting 1,400 jobs. Carrier, currently located on West Morris Street, will be moving operations to Monterrey, Mexico beginning in 2017. The move is expected to be complete in 2019. A release by the company said there would be no immediate impact on jobs. The company says the proposal to move is subject to "discussions with local union representatives." "This decision is difficult and we recognize the impact on employees, their families and the community. We are committed to ensuring that our employees are treated respectfully and to working...

How would you react to the following news stories? Former Shoppers Fined $5,000 for No Longer Frequenting Nearby Mall Residents of Anytown, USA were surprised to receive invoices in the mail from their local county government Friday. The county identified people who used to shop in the local mall but, due to reports of muggings, rapes, and vehicle theft at the mall, switched to shopping at other, safer malls, or just doing it online. The thousand dollar a year fine was based on the estimated amount of revenue the mall says it lost due to their departure. Professional economists, when...

Do you see the puppet strings? The plot to disarm Americans and suspend the 2nd Amendment is working with furious pace. But it is anything but head on. The 2nd Amendment makes gun ownership an inalienable right and guarantees armed and formidable populace. The NRA and other lobbies have gun rights firmly entrenched in the Republican party. So the other side works the back door. Infiltration, sabotage and other dirty tricks. Is that what is happening? By all appearances, Soros, the elite wolf in sheep's clothing has been investing in firearms companies not to profit from them, but to destroy...

Trump told the audience at Liberty University that to bring manufacturing jobs back to the United States he would make Apple "build their damn computers and things in this country." While this isn't a bad idea, or even the first time it has been suggested, Trump didn't offer any specifics on how he would force Apple to abruptly change its manufacturing. "Please, we have such amazing people in this country: smart, sharp, energetic, they're amazing," Trump said. 'I was saying make America great again, and I actually think we can say now, and I really believe this, we're gonna get...

Dozens of Muslims are outraged after a Wisconsin power plant threatened to fire them if they took two five minute breaks daily in order to pray. The policy change affects 53 workers. Ten of those employees have indicated they wish to stay in their current positions under the new policy but the rest have either chosen to leave or are planning to. The Brillion-based company changed the rule on Thursday. Until then, Muslim employees were allowed to leave the production line twice a shift to pray. But Ariens is now asking employees to pray during scheduled breaks. A company representative...

Tesla made a raft of promises when it accepted a hefty tax-incentive package to build its Gigafactory battery plant just outside Reno, Nevada. While the building itself is coming together ahead of schedule, one Reno newspaper discovered that other parts of the deal have yet to live up to the government's expectations. The Reno Gazette-Journal crunched some numbers, and it discovered that several projections are missing the mark. The Gigafactory, built in partnership with Panasonic, was supposed to produce 700 permanent jobs by the end of 2015, for example. In reality, fewer than 100 have been hired. The company's payroll...

Hillary Clinton and her team are definitely hearing the shuffling footsteps of Bernie Sanders creeping up behind them. The former Secretary of State and her surrogates have been firing back at the Vermont Senator in a serious fashion this week, seeking a way to blunt his recent gains in the polls. The problem for Bernie seems to be that he’s not used to being attacked and has little experience in how to respond. The gut level impulses of either Sanders or somebody on his staff are showing now that the pressure is on because he’s backing off on some of...

Despite recent gloomy private sector and regional Fed surveys, the Federal Reserve's new December industrial production figures revealed that real manufacturing output dropped a bare 0.05 percent on month, and revisions barely worsened the picture. Yet the weak year-end number left such output down on net for five months - one short of a technical recession. And the automotive sector, which has led industry's post-Great Recession comeback, sank into technical recession. Full-year 2015 manufacturing after-inflation growth of 0.74 percent was the lowest such figure since the last recession began, and less than 20 percent as strong as 2014's 4.16 percent...

The company began looking to leave Fairfield, Conn., last year after state legislators threatened to raise corporate taxes. GE’s quest for a new global headquarters can be traced back to a decision by Connecticut Governor Dannel Malloy and Connecticut lawmakers last spring to significantly change business tax policies, to help fill a big state budget gap. The package, among other things, altered how multistate companies collect corporate taxes and how losses can be used to reduce tax bills over a period of years.