Growth in U.S. manufacturing is on the rise, while Europe and Asia’s manufacturing sectors are on the decline. The U.S. indices by Markit and the Institute for Supply Management indicated the U.S. manufacturing activity climbed to 53.2 in February, which marked a turn from the downward trend seen the previous two months. Much of the…
The year 2007 was, overall, the strongest year ever for American manufacturers. Hence, the Federal Reserve set this year as a baseline for the marketing index, released on a monthly basis, and set each sector of manufacturing to a base of 100 for the year 2007. Then those baselines are used to indicate how strong…
On the eve of Senate hearings regarding the safety of rail tankers carrying approximately one million barrels of crude oil across American railways per day, the U.S. Department of Transportation issues new safety regulations. However, both officials and industry experts agree that these regulations don’t address the most serious safety concerns.
Bribery damages lives. Its direct victims include businesses that lose out unfairly because of corrupt practices. However these businesses are not the only victims. The wider losers are the government and the larger society, both of whom are severely undermined by the weakened rule of law and damaged economic and social development. The core issues…
Work stopped on the Panama Canal expansion because contractors went over budget. Before the expansion began, many officials and diplomats expressed concern over the contract because the winning bid was $1 billion lower than the others. However, the contract was awarded to the consortium GUPC, which includes Sacyr Vallehermoso, S.A (Spain), Impregilo, S.p.A. (Italy), Jan…
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The NAFTA trade agreement among the United States, Canada, and Mexico accounted for $91.1 billion over the past year. Trucks carry most of these goods, hauling 57.2 percent of all NAFTA imports and exports, equating to $26.3 billion in U.S. exports and $25.2 billion in U.S. imports. Overall, NAFTA trade transport by trucks was up…
Two decades ago, China started looking into building an undersea channel to connect the northern city of Dalian to the southern city of Yantai. Currently, a bay jutting inland from the East China Sea toward Beijing lies between these two cities. The tunnel will connect the Dalian and Yantai directly, subtracting about 800 miles from…
Alabama Gov. Robert Bentley and officials from Remington Arms Co. announced Monday that the famed gunmaker will soon be opening a new factory in Huntsville, Ala. The plant is expected to bring more than 2,000 jobs to the area, including jobs at the plant as well as support industries. Though no immediate plans to shut…
In a vote of 626 for and 712 against, the workers at the Volkswagen plant in Chattanooga, Tenn. rejected the United Auto Workers union, or UAW, despite the fact that Volkswagen did not actively try to prevent workers from joining the union. Most of the arguments against unionization came from the state government, where Tennessee…