11212017Tue
Last updateTue, 21 Nov 2017 4pm

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Fuel Crisis May Boost Manufacturing

The recent surge in oil prices has shocked the Golden State, but painful as they may be, higher oil prices present California with an opportunity in unexpected quarters: the state's manufacturing base.

The days of cutting lumber in the Pacific Northwest, shipping it to China for production and sending it back to Pleasanton as a new dining room table are almost over, now that shipping a container from Shanghai to Oakland costs $8,000, compared with $3,000 a decade ago.

Source: San Francisco Chronicle

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Dem Platform Calls for a Permanent R&D Tax Credit

The R&D tax credit has been extended in one-year iterations almost a dozen times since it was created in 1981.

Jay Timmons, executive vice president for the National Association of Manufacturers, said in a phone interview from Denver that “this is an issue that the Democrats should own,” referring to the fact that a Democratic Congress passed the original law. “It is really part of their heritage.”

Source: Financial Week

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Orders for Manufactured Goods Beat Forecasts

Orders for durable goods, a report that is considered an indicator of future manufacturing activity, topped analysts’ predictions in July and recorded its third consecutive monthly increase.

The increase was led by a sharp rise in transportation equipment, the Commerce Department said Wednesday.

Source: New York Times

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CongressNow: Labor Union Sets Sights on ‘Card Check’ Measure

Unions and Congressional Democrats believe a Barack Obama presidency could mean that after years of futility, the political stars might finally align to pass controversial labor organizing legislation.

The legislation, known as the Employee Free Choice Act, or card check act, requires employers to recognize a union if the National Labor Relations Board finds a majority of employees have signed cards designating the union as their bargaining representative.

Source: Roll Call

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Manufacturing Weakness Continues - Survey

Manufacturing conditions in the mid-Atlantic region were negative for the ninth straight month, although there was some improvement in August.

The index of the Federal Reserve Bank of Philadelphia's Business Outlook Survey improved to minus 12.7 from minus 16.3.

Source: CNNMoney.com

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