David Stockman, President Ronald Reagan's Budget Director, says the U.S. economy is not in a state of recovery. Massive debt creation in the public and household sectors has resulted in the United States 'living beyond (its) means," says Stockman. As a result, Stockman states, the United States has not fully recovered from the Great Recession.
Ever wonder how flight data recorders manage to survive plane crashes? For decades, engineers used Inconel, a super-tough alloy, in order to etch data without the fear of it being erased later by fire or crash damage. And while modern recorders have gone digital, like most everything else, it doesn't mean we can't appreciate the innovations that brought us to where we are now.
We've all heard a lot about Chevrolet's new 2011 Volt. It was named Motortrend's Car of the Year , and potential buyers are lining up for their chance to drive one home. What we haven't seen, on the other hand, is how the Volts are made. This video tries to solve that problem. If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.
Jem Stansfield, of the BBC show "Bang Goes The Theory," visits a solar furnace research facility in southern France to see the enormous potential of sunlight. This 2 square-meter mirror is capable of creating temperatures of 3,500°C, which is too hot for any known material to handle.
Gage Bilt (Clinton Township, MI) is launching a solution meant for hard-to-reach fastener applications through ¼-inch diameter. The MGL08-713-58RA heavy duty right angle nose assembly will install ¼-inch Magna-Loks® and Hemlocks®. Gage Bilt also offers a unique right angle nose assembly for MS Blind Bolt, NAS Blind Rivet, UAB, Bulb-Tite, and many more.
SUVA, Fiji (AP) — Fiji Water reopened its operations in the South Pacific nation of Fiji on Wednesday — just two days after closing its bottling plant and laying off 400 workers in a row over a major government tax increase. The U.S.-owned company said after meeting with Fiji's leaders it has agreed to "comply" with the hefty tax hike imposed on it by Fiji's military-led regime.
WASHINGTON (AP) — The work force was more productive in the summer than originally thought, reflecting the fact that the economy produced more goods and services than first estimated. Despite the revision, the efficiency of U.S. workers is increasing at a much slower pace than last year and economists say that could signal more hiring in the near future.
ANDERSON, Ind. (AP) — An Indianapolis electronics company says it will buy a former General Motors plant in Anderson as part of an expansion that will create up to 100 jobs by 2013. Northwind Electronics LLC makes electrical systems for work vehicles. CEO Phillip Berry says the company currently employs 10 people in Indianapolis and had been looking for possible locations for expansion.
WASHINGTON (AP) — The manufacturing sector likely grew in November for the 16th straight month, though at a slightly slower pace than the previous month. Still, the continued expansion of manufacturing is a good sign for the economy. The factory sector led the nation out of recession late last year, but many economists have feared that its growth would end when companies finish replenishing their stockpiles of goods.
TOKYO (AP) — Toyota is suing the company handling bankrupt General Motors' assets, demanding $73 million in damages from the shuttering of a joint-venture California plant. Toyota Motor Corp. spokesman Paul Nolasco said Tuesday the lawsuit was filed Nov. 24 for research and development costs that weren't recouped because of the shuttering of New United Motor Manufacturing Inc.
Steve Zemantic, a carpenter at Pratt & Whitney East Hartford holds up a sign at a rally near headquarters in East Hartford, Conn., Tuesday, Nov. 30, 2010. The jet engine maker says it will shut two plants when its labor contract expires Sunday. The last strike against Pratt & Whitney was an 11-day walkout in December 2001.
Wooden pallets are no longer the only option for manufacturers when shipping and receiving goods to customers and from suppliers. In this installment of "Food Fight," from sister publication Food Manufacturing , industry experts go head-to-head on the topic: Wood Pallet Alternatives: Plastic vs.
Akro-Mils (Akron, OH) has introduced a smaller-sized bin and new rack design for its Easy Flow Gravity Hopper system. The smaller and lighter 31620BLUE hopper has a six-gallon holding capacity. According to the company, the other features of the system includes: A large, angled top opening that allows for easy filling.
The Mini Mark, from Kwik Mark (McHenry, IL) is a portable dot peen marking system designed for both handheld applications and integration into existing and new machinery. Preloaded leadscrews and ball slides help increase performance and durability. The detached controls feature the latest in embedded technology, with CF card storage and network (LAN) and RS-232 connectivity.
Stahlin (Belding, MI) now offers Non-Metallic Enclosures in their J Series enclosure line. They offer 14 standard size options from 3x3” to 24x16”. According to the company, they are designed to be reliable and durable while protecting delicate systems in industrial environments.
Parker PAGE International Hose (Fort Worth, TX) has developed the Stainless Steel Braided Convoluted Hose Assemblies in SCW and SCWV designs. The tubing in these assemblies is made from virgin PTFE in natural or static dissipative style in order to provide better flex life. According to the company, the hoses show no signs of stress cracking after 1 million cycles of flex testing.
The use of fresh cut vegetables for foodservice has seen significant growth in the past few years, driven by hygiene regulations, customer preference for fresher meals, and convenience factors, such as quicker cooking times and reduced prep time. However, innovative new packaging and processing developments are essential to the industry‘s further growth.
SEOUL, South Korea (AP) — Applied Materials Inc. has settled industrial theft claims from Samsung Electronics Co., agreeing to give the South Korean electronics company discounts on purchases of semiconductor manufacturing equipment for three years. Applied, a U.S. company which makes equipment for chip manufacturers, says the settlement announced Tuesday resolves claims and potential litigation over the "alleged acquisition, misappropriation and misuse" of Samsung computer chip technology.
TOKYO (AP) — Japan's factories cut production for the fifth straight month in October, the government said Tuesday, but the decrease wasn't as bad as expected and a turnaround may be on the horizon. Meanwhile, unemployment worsened slightly and consumer spending fell in October, showing improvements for average households may still take time.
DETROIT (AP) — General Motors Co. has added 700 workers to its Oshawa, Ontario, factory near Toronto to make the 2011 Chevrolet Camaro convertible muscle car and the new Buick Regal midsize car, the company said Monday. Camaro convertible production is scheduled to start in January, while the plant will start making Regals early in the spring.