U.S. manufacturing becoming low cost over the past decade compared with factories in China, Brazil and most of the world’s other major economies. So says a new private study, which found that rising wages and higher energy costs have diminished China’s long-standing edge over the United States. So has a boom in U.S. shale gas […]
We need to save the internet.Comcast, AT&T, and Verizon want to control what we can and cannot do online — and they’re about to get their wish. Their lobbyists and lawyers have taken over the FCC — the agency meant to keep them in check. Now, the former lobbyist running the FCC is about to announce new rules […]
The American economy is less entrepreneurial now than at any point in the last three decades. That’s the conclusion of a new study out from the Brookings Institution, which looks at the rates of new business creation and destruction since 1978. Not only that, but during the most recent three years of the study — 2009, […]
The good news from the April jobs report is that the recovery is the same as it’s always been. The bad news is that, well, the recovery is the same as it’s always been — and some workers are giving up as they realize that. As you may have noticed, this winter was pretty cold. So cold, […]
New government data released Friday morning showed the nation added 288,000 jobs in April, a reassuring sign that the U.S. economy has picked up momentum since stalling out over the winter. The hiring spree surpassed most analysts’ expectations and is the strongest showing in more than two years. Businesses added workers across a broad array of […]
New data from the World Bank suggests China could surpass the U.S. as the world’s biggest economy as early as this year, a day that was always meant to arrive after China began its quest for wealth in the 1980s, but it will just veil the reality of its economic weaknesses China’s economy is catching […]
“The game is rigged,” writes Senator Elizabeth Warren in her new book A Fighting Chance . It’s rigged because the rich and their lobbyists have rigged the rules of the game to their favor. The rules are reflected in a tax code and bankruptcy laws that have seen the greatest transfer of wealth from the […]
Before a throng of cheering Hickey Freeman Co.employees, company officials and Sen. Charles Schumer Monday announced a $1 million manufacturing deal with Polo Ralph Lauren and declared that there are more such deals to come. “We’re no longer interested in survival,” said Stephen Granovsky, CEO of Toronto-based Grano Retail Holdings, which bought the famed Rochester clothing company last […]
COLORADO SPRINGS, Colo. – Photo Stencil, LLC, a leading full-service provider of high-performance stencils and tooling, announces the addition of a manufacturing plant in Golden, CO. The new 35,200 sq. ft. facility has three cleanrooms: a 10,000 sq. ft. Class 10,000 cleanroom, a 4500 sq. ft. Class 1,000 cleanroom, and a small Class 100 cleanroom. The […]
BOSTON – Massachusetts-based New Balance could get a boost worth tens of millions of dollars with a new Pentagon policy providing military recruits with U.S.-made sneakers. New Balance is one of the few shoe manufacturers that meet all federal requirements, said Matt LeBretton, spokesman for the company that manufactures shoes in Lawrence, Boston and Maine. Acting […]
