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Last updateWed, 19 Sep 2018 3pm

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Manufacturing Summit Looks to Shore Up U.S. Industrial Base

The economic crisis has forced the nation to face up to its deteriorating industrial base and the need to rebuild it, Ford Motor Chairman Bill Ford told a meeting of business and government leaders on Monday. And rather than questioning the government's growing role in private industry, speakers opening the National Summit seemed focused on defining that role.

 

Source: USA Today

 

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U.S. Industrial Manufacturing Industry to Create Almost 8,000 Jobs in Third Quarter

While spending has been slight this year, some facilities that were already under construction are nearing completion in the industry. For the coming quarter -- July, August and September -- the Industrial Manufacturing Industry is scheduled to have 25 plants currently under construction open their doors and begin operation, creating almost 8,000 jobs in the U.S.

 

Source: Industrial Info Resources

 

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Manufacturing Out of the Recession

Some large enterprises have apparently decided that now is the time to take decisive action in anticipation of economic recovery.

 

Exxon Mobil has said it will increase oil exploration and production spending by 11% this year, no doubt with the expectation that an economic recovery will stimulate demand and, once again, drive up prices (something that already seems to be happening).

 

Source: Managing Automation

 

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Texas Blasts Federal Efforts to Fight Global Warming

Texas elected officials Tuesday railed against federal efforts to curb global warming, claiming it would throttle the state's economy -- one of the few that generated job growth last year.

 

State comptroller Susan Combs said that if passed, a landmark climate change bill winding its way through Congress could cost the state 164,000 jobs and shave some $25 billion per year, or 2%, off the state's total economic output.

 

Source: Wall Street Journal

 

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Manufacturing Ranked # 1 Industry for Economic Prosperity

Despite more than a year of bad news as the manufacturing sector continues to contract, a new annual index released today by Deloitte LLP and The Manufacturing Institute shows that Americans view manufacturing as the most important industry for a strong national economy. There is a wide perception gap, however, between the public's highly positive views of manufacturing's contributions to America's economic success and their negative views about pursuing a career in manufacturing.

 

Source: Deloitte, Manufacturing Institute

 

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