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Nearly every man who develops an idea works it up to the point where it looks impossible, and then he gets discouraged. That's not the place to become discouraged.
Thomas Edison Categories
Tag Archives: manufacturing
Heard Off the Street: A Return to Normalcy … Relatively Speaking
Over the last few weeks, we have started to think that things might work out better here in the US than most people currently expect. This brighter future would emerge from the confluence of two unrelated, but equally important, developments. Read More
American voices on making the economy move.
It seems Washington is all ears these days.
President Barack Obama says he’ll take a great idea to fix the economy anywhere he hears it. The Republican leaders in Congress can’t say enough how determined they are to “listen to the American people.” OK. Here goes.
We want less debt, lower taxes, more trade, less trade, “less talk and more walk,” a brand new New Deal, a private sector renaissance, money for trains and roads, easier credit, a clampdown on CEO pay, more immigration, less immigration, government off our backs, a safer safety net…read more Read More
Dollar dives as economic reports boost confidence
The dollar took a dive Wednesday, September 1, 2010 after upbeat manufacturing reports in the U.S. and China, the world’s two biggest economies, counteracted fears that the global recovery is faltering.
In late trading in New York Wednesday, September 1, 2010, the euro, used by 16 European countries, rose to $1.2798 from $1.2665 late Tuesday. The British pound gained to $1.5446 from $1.5335, while the dollar fell to 1.0525 Canadian dollars from 1.0672 Canadian dollars . . . read more Read More
Industries where jobs may not return, at a glance
Three industries where many jobs may be gone for good:
— RETAIL. Retailers have lost 1.2 million, or 7.5 percent, of jobs that existed before the recession, according to Labor Department data. Robert Yerex, an economist at Kronos, a work force management company, estimates 20 percent of those jobs are never coming back.
Circuit City and Linens & Things have collapsed. Starbucks closed nearly 800 U.S. stores. Retailers closed a net total of 52,000 stores in 2008 and 2009, estimates CoStar Group, a research firm.
Remaining retailers are shifting more business online to save on costs, said Michael O’Hara of Consensus Advisors, an investment bank. Rather than stock goods at hundreds of stores . . . read more Read More
Small businesses still searching for the recovery
Small businesses are still waiting for the economic rebound that’s enabled larger companies to obtain low-interest credit and to boost exports and production in recent months.
Smaller companies aren’t much more optimistic than they were in the depths of the recession, according to a survey released Tuesday by the National Federation of Independent Business.
That pessimism is slowing job creation and likely weakening the recovery . . . read more Read More
