01222019Tue
Last updateTue, 22 Jan 2019 8pm

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Labor Bill Faces Threat in Senate

Key Senate Democrats are wavering in their support of legislation that would give more power to labor unions, dealing a setback to labor's top priority as businesses warn of the damage the bill would cause.

The battle over the "Employee Free Choice Act" -- expected to be introduced Tuesday -- is seen as a power struggle among labor unions and businesses, as well as a test of whether moderate Democrats and Republicans will push back on Democratic congressional leaders and the Obama administration.

Source: Wall Street Journal

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U.S. January Machine Tool Demand Falls to Record Low

U.S. January machine tool demand fell 59.2 percent to a record low $94.95 million from $232.59 million in December, the American Machine Tool Distributors' Association (AMTDA) and the Association for Manufacturing Technology (AMT) said in a joint report.

Machine tool demand in January fell 71.9 percent from $338 million a year earlier in January 2008.

Source: Reuters

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Lean Factories Find It Hard to Cut Jobs Even in a Slump

At a factory here that churns out plastic parts for everything from spray cans to blasting caps, laying off just one worker can be more trouble than it's worth.

The plant, owned by Cleveland-based Parker Hannifin Corp., has become so lean over the past decade that many assembly lines run with only a handful of highly trained workers.

Source: Wall Street Journal

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President Obama Announces Key Treasury Appointments

Friday, President Obama announced his intent to nominate the following individuals for key posts at the Treasury Department: David S. Cohen, Assistant Secretary of Treasury, Terrorist Financing; Alan B. Krueger, Assistant Secretary of Treasury, Economic Policy; and Kim N. Wallace, Assistant Secretary of Treasury, Legislative Affairs. Each of the nominees is currently serving as a Counselor to the Secretary of Treasury.

Source: White House

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Manufacturing Data Now Trending Toward Recovery

The Institute for Supply Management released its manufacturing report on business Monday and there are now bright spots for two months in a row. You'll remember that the report measures, indexes, and correlates manufacturing activities with other measurement readings from the government and elsewhere.

Source: The Motley Fool

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