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Obama Declares 2014 'A Breakthrough Year For America'

December 19, 2014 3:41 pm | by Julie Pace, AP White House Correspondent | News | Comments

President Barack Obama said Friday that 2014 has been "a breakthrough year for America," putting aside the fits and starts of the past 12 months to focus on achievements and the prospect of compromise with his political foes who are taking control of Congress. "My presidency is entering the...

More Job Losses For The Oil Industry

December 19, 2014 2:20 pm | by CBS News | Videos | Comments

Lower oil prices are buoying Louisiana's fishermen, but putting the squeeze on others. Manuel...

Aging Farmer Population Threatens U.S. Food Supply

December 19, 2014 2:08 pm | by The Lempert Report | News | Comments

As the farmer population continues to age, young farmers face land availability and start-up...

Global Oil Impact: Who's Hurting, Happy, Hopeful

December 19, 2014 2:05 pm | by Jonathan Fahey, AP Energy Writer | News | Comments

Oil's plunge is spreading both pain and gain across the globe. The price of a barrel has fallen...

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Realities Of IL Spawns Manufacturing Growth, Opportunities

December 19, 2014 11:24 am | by Jeff Reinke, Editorial Director | Articles | Comments

Daniel Goff, of Illinois’ Department of Commerce & Economic Opportunity, understands some of his home state’s perception issues as he works to bring more manufacturing to the region. However, he also understands many of the benefits that numerous global companies have realized in opening new...

The Keystone Pipeline Debate In The New Year

December 18, 2014 4:58 pm | by Bridget Bergin, Associate Editor | Blogs | Comments

The Keystone Pipeline debate has been raging for years, but a new Senate makeup in 2015 could signal sweeping changes. First, let’s review the project and the two major sides in the debate. On one hand, the Keystone pipeline project could greatly benefit the U.S. economy, and on the other, it could drastically harm...

Gauge Of U.S. Economy Rises 0.6% In Nov

December 18, 2014 2:19 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

An index designed to predict the future health of the economy posted a third straight solid gain in November. The Conference Board said Thursday that its index of leading indicators increased 0.6 percent last month, matching the revised October gain. The October reading had originally...

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CO2 Levels Reach All-Time High, But Growth Is Slowing

December 18, 2014 2:13 pm | by Meagan Parrish, Editor, Chem.Info | Articles | Comments

First, the bad news: Global CO2 emissions from fossil fuels and industrial processes (cement and metal production) reached an all-time high in 2013. The upside? The rate of emission growth is slowing down for the second year in a row. In its annual, “Trends in Global CO2 Emissions,” PBL Netherlands...

Manufacturing Growth Slows In Philadelphia Region

December 18, 2014 1:47 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Manufacturing in the Philadelphia region grew at a much slower pace in December compared with the previous month. But the drop came after factory activity reached its highest levels in 21 years in November. The Federal Reserve Bank of Philadelphia says its index of regional factory activity...

U.S. Jobless Aid Applications Decline To 289K

December 18, 2014 11:15 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Fewer Americans sought unemployment benefits last week, a sign of solid job security and growing confidence among employers. Weekly unemployment benefit applications dropped 6,000 to a seasonally adjusted 289,000, the Labor Department said Thursday. That is the lowest level since...

MAPI U.S. Industrial Outlook: Widespread Growth Ahead

December 18, 2014 9:42 am | by Manufacturers Alliance for Productivity and Innovation (MAPI) | News | Comments

Job gains and business investment are the two lead drivers keeping manufacturing on a solid growth path, according to the MAPI Foundation's U.S. Industrial Outlook, a quarterly report that analyzes 27 major industries. The MAPI Foundation is the research affiliate of the Manufacturers Alliance for Productivity...

2015 Manufacturing Outlook: Q&A With Cliff Waldman

December 17, 2014 4:18 pm | by Jeff Reinke, Editorial Director | Articles | Comments

What will be the biggest trends manufacturing trends for 2015? Manufacturing.net sat down with Cliff Waldman, Director of Economic Studies from the Manufacturers Alliance for Productivity and Innovation Foundation to discuss the U.S. economy, manufacturing technologies, and...

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NY Will Move To Prohibit Fracking

December 17, 2014 4:02 pm | by Mary Esch, The Associated Press | News | Comments

Gov. Andrew Cuomo's administration will move to prevent fracking in the state, citing unresolved health issues and dubious economic benefits of the widely used gas-drilling technique. Environmental Commissioner Joe Martens said Wednesday that he was recommending a ban, and Cuomo said he would...

Apple Stops Sales In Russia

December 17, 2014 3:56 pm | by The Associated Press | News | Comments

Apple has halted online sales of its iPhones, iPads and other products in Russia amid financial turmoil triggered by the steep decline in the country's currency. The ruble plunged by as much as 20 percent Tuesday, even after Russia's central bank increased interest rates sharply in an attempt to shore up the...

Fed Pondering Change In Rate Hike Signals

December 17, 2014 11:48 am | by Martin Crutsinger, AP Economics Writer | News | Comments

The U.S. economy is finally doing better, and the Federal Reserve may be ready to acknowledge that fact. In a statement it will issue Wednesday after two days of discussion, the Fed may no longer say it plans to keep a key interest rate near zero for a "considerable time." Dropping that language would be...

U.S. Current Account Deficit Rises To $100.3B

December 17, 2014 11:23 am | by Josh Boak, AP Economics Writer | News | Comments

The U.S. current account trade deficit widened slightly in the July-September quarter, largely due to foreign institutions paying less in fines and penalties to the U.S. government. The Commerce Department said Wednesday that the deficit in the current account rose to $100.3 billion in the third...

Russia's Sinking Economy Becoming A Global Threat

December 17, 2014 11:08 am | by Josh Boak, AP Economics Writer | News | Comments

Russia's suddenly escalating financial crisis risks spilling beyond its borders and endangering parts of the global economy. With economies in Europe, Japan, China and Latin America already ailing, fresh threats have emerged from Russia's shriveled currency, its move to dramatically boost interest rates, the...

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U.S. Consumer Prices Fell 0.3% In November

December 17, 2014 10:24 am | by Josh Boak, AP Economics Writer | News | Comments

Plunging gasoline costs pulled U.S. consumer prices lower in November, muting inflation across the entire economy. The Labor Department said Wednesday the inflation reading fell a seasonally-adjusted 0.3 percent last month, after prices were flat in October. Gas costs plummeted 10.5 percent in...

OPEC Net Oil Export Revenues Expected To Fall

December 17, 2014 9:26 am | by U.S. Energy Information Administration‎ | News | Comments

Based on crude oil market assessments in the Short-Term Energy Outlook, EIA estimates that members of the Organization of the Petroleum Exporting Countries (OPEC), excluding Iran, will earn about $700 billion in revenue from net oil exports in 2014, a 14% decrease from 2013 earnings and the lowest earnings...

U.S., European Industries Urge Stronger Trade, Investment Ties With India

December 16, 2014 2:37 pm | by Jamie Hennigan, National Association of Manufacturers | News | Comments

Washington, D.C., December 16, 2014 – On behalf of businesses across Europe and in all 50 U.S. states, the heads of the National Association of Manufacturers (NAM) and more than a dozen other organizations today sent a joint letter to Indian Commerce and Industry Minister Nirmala Sitharaman urging action on...

ASQ Survey: Manufacturers' Outlook Positive For 2015, Anticipate Continued Revenue Growth

December 16, 2014 1:51 pm | by ASQ | Articles | Comments

Manufacturers are increasingly positive as 2014 comes to a close, with 83 percent expecting revenue growth next year, up from 64 percent of manufacturers who anticipated growth in 2014, according to results of the ASQ 2015 Manufacturing Outlook Survey. And their positivity is well earned...

U.S. Reshoring: Real Shift In Production Or Just A Fantasy Future?

December 16, 2014 1:36 pm | by Jon Minnick, Associate Editor, Manufacturing Business Technology | Blogs | Comments

With all the news and stories about U.S. manufacturing in the midst of a reshoring drive, a new report looks at the real numbers behind the push to bring production back to our shores. Yesterday, A.T. Kearney released its 2014 Reshoring Index, which looks at the rate and pace of the return of manufacturing operations...

Manufacturers’ Center For Legal Action Files Brief In Microsoft E-Mail Warrant Case

December 16, 2014 10:56 am | by Jamie Hennigan and Mallory Micetich, National Association of Manufacturers | News | Comments

Today, the Manufacturers’ Center for Legal Action filed an amicus brief in the 2nd Circuit Court of Appeals arguing to overturn a U.S. district judge’s ruling that the government can use a search warrant issued under the Stored Communications Act to gain access to e-mail accounts controlled and maintained by...

MAPI Latin America Manufacturing Outlook: Mexico the Leader

December 16, 2014 9:42 am | by Manufacturers Alliance for Productivity and Innovation (MAPI) | News | Comments

Mexican factories continue to remain the manufacturing growth leader in Latin America as Brazil and Argentina face declines that sour the outlook in the region, according to a report from the MAPI Foundation, the research affiliate of the Manufacturers Alliance for Productivity and...

Fed Likely To Note Gains But Signal No Rate Hike

December 15, 2014 1:35 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

A resurgent U.S. economy has emerged from a long struggle with high unemployment and weak growth. And the Federal Reserve seems poised to recognize the sustained improvement.In a statement it will issue after a policy meeting ends Wednesday, the Fed may no longer say it plans to keep a key interest...

Why Oil Is Down By Half, What It Means For You

December 15, 2014 1:24 pm | by Jonathan Fahey, AP Energy Writer | News | Comments

The price of oil has fallen by nearly half in just six months, a surprising and steep plunge that has consumers cheering, producers howling and economists wringing their hands over whether this is a good or bad thing. The price of a barrel of oil is just under $58, down from a summer high of $107, and lower than at...

Volatility Index Underscores Need For Supply Chain Risk Management

December 15, 2014 12:14 pm | by Stephane Crosnier, Managing Director, Accenture Strategy--Operations | Articles | Comments

VIX, the index used by The Chicago Board Options Exchange to calculate anticipated market volatility, recently dipped after hitting a nearly three-year high in the fall. Given recent news headlines, the triggers that prompted the index spike are relatively easy to imagine – war in the Middle East, the European...

Oil Plunges Again, Reaches Recession-Level Depths

December 15, 2014 12:03 pm | by Jonathan Fahey, AP Energy Writer | News | Comments

Another forecast of weak global demand, another nosedive for oil. A 6-month rout in the price of oil accelerated this week, culminating in a 4 percent drop Friday — its third such drop in 5 days — to its lowest level since May of 2009, when the U.S. was still in recession. Friday's trigger was a lowered....

14 Cities Get Bloomberg 'Innovation Team' Grants

December 15, 2014 10:33 am | by Jennifer Peltz, The Associated Press | News | Comments

Fourteen cities ranging from Long Beach, California, to Jerusalem are getting up to $3 million from former New York City Mayor Michael Bloomberg's foundation to create "innovation teams" to jump-start new approaches to poverty, public safety, job growth and other issues, the foundation announced...

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