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Buzz Continues to Build in Northeast Region
American Supply Association Share
ASA's regional affiliate, the Wholesalers Association of the Northeast (WANE), continued to "build the buzz" this week with its second all-industry hospitality reception this fall. In mid-October, 40 people representing nearly 20 different companies met at Wollaston Golf Club outside of Boston. On Tuesday of this week, Bradford White sponsored a similar event at Overbrook Golf Club outside of Philadelphia in Villanova. Fifty people representing more than 20 wholesalers, manufacturers and independent manufacturer representatives attended. As was the case in October, a large number of emerging industry leaders were in attendance, making this another well-rounded and successful regional event. For further information on WANE initiatives and events, please contact ASA Executive Director Chris Murin.
Senate GOP Breathes New Life into Keystone XL Pipeline
American Supply Association Share
Last month, presumably to stave off election year discord between two of his core constituencies, labor and environmentalists, President Barack Obama postponed indefinitely the development of a major pipeline from Canada through the United States. The pipeline, known officially as Keystone XL, would transmit valuable Canadian tar sands south more than 2,500 miles to two terminals in Texas. You may recall that ASA supported this project and wrote to Secretary of State Hillary Clinton urging its swift approval in October. More
Copper Slips as Germany Dampens EU Summit Hopes
Copper slipped on Wednesday as market sentiment soured following pessimistic comments from a German official about the chances that an EU summit on Friday would solve a euro zone debt crisis that is crippling economic growth and denting metals demand. Benchmark copper on the London Metal Exchange closed at $7,820 a tonne, down from Tuesday's close of $7,835. Copper was up about 1 percent earlier in the session as investors hoped that EU leaders, who will meet on Dec. 9, will take tougher measures to resolve the debt crisis. More
Speaker Boehner in Tax Vise
The Hill Share
Speaker John Boehner, R-Ohio, faces a critical test Thursday as he tries to sell a payroll tax holiday to GOP colleagues deeply divided by it. The unveiling of the leadership plan follows days of deliberation over how to rally conservatives to pass a bill that enacts President Barack Obama's top year-end priority. Pressure mounted Wednesday as Obama said he would postpone his planned 17-day holiday vacation to Hawaii until the payroll tax issue was decided. Republican leaders are separately using the Christmas countdown as leverage. More
Massachusetts Governor Launches Manufacturing Collaborative
Canton Patch Share
Gov. Deval Patrick has launched the Advanced Manufacturing Collaborative and released a new road map for manufacturing job growth in Massachusetts. "Our administration is committed to preparing students and workers to compete and win in the 21st century global economy," Patrick said. "The creation of the Advanced Manufacturing Collaborative and the release of this new road map will help us grow jobs and opportunities in the manufacturing sector." More
ISM: US Manufacturing Sector Picks Up in November
The pace of growth in the U.S. manufacturing sector picked up in November at its strongest level since June, and new orders rose, according to the Institute for Supply Management. ISM's index of national factory activity rose to 52.7 from 50.8 in October. The reading topped expectations of 51.5. New orders gained to 56.7, its highest level since April, from 52.4. But the employment gauge lost some steam, falling to 51.8 from 53.5. More
Gretchen Zierick: Are Women the Answer to Shortage of Skilled Workers in Manufacturing?
Manufacturing & Technology News Share
A recent study from the Manufacturing Institute reported that almost 80 percent of American manufacturers are reporting trouble filling open positions despite a national 9 percent unemployment rate in the United States. In addition, 25 percent of the current manufacturing work force is age 55 or older, with few young skilled workers available to replace them as these longtime employees near retirement. One way to address the lack of skilled workers would be to attract more women to manufacturing careers and mentor them so that they encourage other women to look at this sector for a career. More