04192019Fri
Last updateFri, 19 Apr 2019 3pm

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Levin: NAM Should Help Enable Swift Passage of Tax Extender Bill in Senate

Recently, National Association of Manufacturers (NAM) President John Engler commented on “extenders” legislation currently being considered in Congress, including a provision to extend the research and development (R&D) tax credit.  In response to those comments, U.S. Representative Sander Levin (D-MI), a senior member of the Ways and Means Committee and author of legislation to expand and make the R&D credit permanent, sent a letter to Governor Engler.

Source: House Ways and Means Committee

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Essay: 5 Myths About the Death Of the American Factory

Sure, U.S. banking is in trouble, but the longer-term and possibly more damaging threat to the nation's prosperity is the decline of the manufacturing sector. Late last year, the number of U.S. manufacturing jobs dropped below 14 million for the first time since 1950.

Source: Washington Post

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The Worst May Not Be Over for Stocks

Investors who thought they'd seen the worst of 2008 are seeing reasons for hope vanish one by one.

Selling slammed the Dow Jones industrial average 358.41 points to 11,453.42, its lowest since September 2006, as fears about oil and the health of major U.S. companies intensified.

Source: USA Today

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U.S. Durable Goods Orders Up Slightly

New orders for manufactured durable goods in May increased slightly to $213.6 billion, the U.S. Census Bureau announced June 25. This was the first increase in three months and followed a 1% April decrease.

Source: Industry Week

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Euro Hit by Data on Manufacturing

The euro lost ground yesterday after data pointed to a slowdown in the eurozone manufacturing sector and a weakening business climate in the region’s biggest economy.

Eurozone purchasing managers reported that activity slowed to its lowest level since May 2005.

Source: Financial Times

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