Last updateMon, 21 May 2018 7pm


Olympics Boost China's Retailers, but Manufacturing Growth Dented

The Beijing Olympics gave a boost to retailers in China last month but hurt manufacturers and exporters, official figures issued Friday show. But analysts say the latest figures aren't solely a blip, since consumption will likely to stay strong even as an export slowdown hurts industry in coming months.

Source: The Wall Street Journal

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U.S. Legislation 'Fails to Protect' Corporate Whistleblowers

The U.S. federal law protecting corporate whistleblowers is failing to shield employees in the way that was intended, according to a non-profit group that is lobbying legislators for tougher rules.

The 2002 Sarbanes-Oxley Act, which contained new pro-whistleblower provisions when it was passed in the wake of the Enron and WorldCom scandals, "has helped few whistleblowers actually achieve justice", according to the Government Accountability Project, an advocacy group that provides legal advice to whistleblowers.

Source: Financial Times

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U.S. Manufacturing Technology Consumption Falls in July

July U.S. manufacturing technology consumption totaled $303.44 million, according to AMTDA, the American Machine Tool Distributors’ Association, and AMT - The Association for Manufacturing Technology. This total, as reported by companies participating in the USMTC program, was down 21.5% from June but up 5.7% from the total of $287.02 million reported for July 2007.

Source: Machinist

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Fuel Prices Squeeze Profit Margins for U.S. Manufacturers

Harry Kazazian built his business on sleeping bags that are made in China and shipped across the ocean to the United States, but he realized recently that the math doesn't work anymore.

With fuel prices at record highs, the cost of sending a standard 40-foot container of goods has gone from $3,000 in 2000 to about $8,000 today, squeezing profit.

Source: The Washington Post

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Unemployment Rate Jumps to Five-Year High

The jobless rate was 6.1 percent last month, up from 5.7 percent in July, the Labor Department said today. It is the highest unemployment rate in five years, and compares to joblessness of 4.1 percent one year ago.

Source: The Washington Post

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