02222018Thu
Last updateThu, 22 Feb 2018 2pm

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China's Entry into WTO is Questioned by Former Chief U.S. Trade Negotiator

The chief U.S. trade negotiator who paved the way for China's entry into the World Trade Organization says the deal has not worked to the benefit of the United States.

Now that he is retired, Robert Cassidy, former assistant United States Trade Representative for China, says he is compelled to speak his mind in expressing misgivings over how the federal government failed to stop China from gaming the global trading system.

Source: Manufacturing & Technology News

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Manufacturing Institute Launches First Industry-Focused Education Council

More than 25 education leaders from across the country have been named charter members of the first-ever Education Council focused on expanding and enhancing the manufacturing workforce, which met today in Washington, D.C. 

 “In these difficult economic times, we must create new educational pathways to help more individuals prepare for high-paying manufacturing jobs and, in turn, help our companies compete in world markets,” said Emily DeRocco, president of The Manufacturing Institute and former U.S. assistant secretary of labor for employment and training.

Source: NAM

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Emerson Enters into Supplier Services Agreement with Fluor Corporation

Emerson Process Management has been selected as a preferred supplier of automation and control instrumentation and services to Fluor Corporation. The two have entered into a Supplier Services Agreement to collaborate on development and implementation of processes intended to improve the management and execution of worldwide capital projects.

Source: Emerson

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Sept. Durable Goods Rise by Largest Since June

Orders to U.S. factories for big-ticket manufactured goods posted an unexpectedly strong showing in September — the largest gain in three months — on a surge in demand for airplanes and autos, government data showed Wednesday.

The Commerce Department reported Wednesday that orders for durable goods rose by 0.8 percent, surprising economists who had expected a decline.

Source: Associated Press

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Chain Inaction

The UK's engineering excellence has been relegated to the shadows, perceived by politicians and the public as an economic sideshow. The wider investment community may be more respectful, yet many fund managers still have closed minds: manufacturing, they muse, is now an activity for the developing world.

The UK's pockets of world engineering leadership go beyond Formula 1. Weir Group, for instance, can eyeball any pump manufacturer anywhere, while Rotork's reputation as a valve manufacturer is unblemished. Fenner is a global leader in industrial belting, Rolls-Royce in aero engines and IMI in process plant and beverage dispensers.

Source: Interactive Investor

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