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IN THIS ISSUE

MDNA News
  • MDNA 72nd Annual Convention
  • Wants & For Sales
  • Condolences
  • Calendar of Events


  • Industry News
  • As Manufacturing Bounces Back from Recession, Unions are Left Behind
  • Watch the Construction of a Dodge Viper in Just 4 Minutes
  • Caterpillar Writes Off Most of China Deal After Fraud
  • Management is (Still) Not Leadership
  • Study: Freer Trade with China Lowered American Manufacturing by 29.6 Percent
  • The Coming Shortage of Skilled Manufacturing Workers
  • Supply, Mill and Dealer Quotes Erode US Steel Scrap Sentiment
  • What Went Wrong At Boeing?




  •  MDNA News

    MDNA 72nd Annual Convention
    MDNA    Share   Share on FacebookTwitterShare on LinkedinE-mail article

    Click here to make your hotel reservation
    Hotel Rate is $219 Single/Double
    Hotel cut-off is April 1

    The Westin Copley Place, Boston
    10 Huntington Avenue
    Boston, MA 02116
    Phone: (617) 262-9600
    Fax: (617) 424-7483


    Wants & For Sales
    MDNA    Share    Share on FacebookTwitterShare on LinkedinE-mail article
    Click here Chicago Chapter Meeting
    Click here Detroit/Toledo Chapter Meeting
    Click here Ohio Valley Chapter Meeting


    Condolences
    MDNA    Share    Share on FacebookTwitterShare on LinkedinE-mail article
    It is with deep sadness to inform you that Robert "Bob" Foster passed away on Saturday, Jan. 19. Bob was the president of former MDNA member firm Foster Machinery Co., Inc. Foster was the founder of Foster Machinery Sales Company, Inc. in 1946. Foster Machinery's last location was Madison Heights, Mich. They bought and sold new and used metalworking machinery. He joined the Machinery Dealers National Association in 1949 until 1984 when he retired. He is survived by his wife Mary E. "Betty" Foster, two daughters, Cindy and Julie, and his son Craig worked with him since 1968 and owns Foster Machinery Company, Inc. in Charlotte, N.C. Please extend your thoughts and prayers to the family. Click here for more details.


    MEYER Expert Industrial Relocation Services

    MEYER Rigging guarantees the ideal blend of management, operational support, and field expertise to give you the best rigging services at the most completive price. MORE
    F.P. Miller
    F.P. Miller Co. is a full service machinery dealership. We offer new and used machinery sales, rebuilding, and machine repair services including on-site repairs. MORE


     Calendar of Events

    Date Event Location
    Jan. 22 New York/New Jersey Chapter Meeting Osteria il Paiolo
    Brooklyn, N.Y.
    Jan. 25-27 MDNA/Locator Services, Inc./AMEA/Austin D. Lucas Scholarship Fund Meetings El San Juan Resort & Casino
    Carolina, Puerto Rico
    March 20-23 2013 AMEA Appraiser's Forum Westin O'Hare Hotel
    Rosemont, Ill.
    April 25-28 72nd Annual Convention The Westin Copley Place
    Boston, Mass.

      For a complete list of upcoming events, click here.


     Industry News


    As Manufacturing Bounces Back from Recession, Unions are Left Behind
    The Washington Post    Share    Share on FacebookTwitterShare on LinkedinE-mail article
    U.S. manufacturers have added a half-million new workers since the end of 2009, making the sector one of the few bright spots in an otherwise weak recovery. And yet there were 4 percent fewer union factory workers in 2012 than there were in 2010, according to federal survey data. On balance, all of the job gains in manufacturing have been nonunion. More

    Watch the Construction of a Dodge Viper in Just 4 Minutes
    The New York Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
    VideoBrief Despite its status as the Motor City, Detroit has only two automobile plants entirely within the city limits. One is Chrysler's Conner Avenue Assembly Plant, which reopened in December after being closed for more than three years during the automaker's bankruptcy. Later this month, the factory's first Viper — considered a "halo" vehicle, built to enhance a company's image rather than drive sales — will roll off the line. More

    Caterpillar Writes Off Most of China Deal After Fraud
    Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
    Caterpillar uncovered "deliberate, multiyear, coordinated accounting misconduct" at a subsidiary of a Chinese company it acquired last summer, leading it to write off most of the value of the deal and wipe out half a quarter's profits. Caterpillar, the world's largest maker of tractors and excavators, said it would take a noncash goodwill impairment charge of $580 million, or 87 cents per share, in the fourth quarter of 2012. More

    Management is (Still) Not Leadership
    Harvard Business Review    Share    Share on FacebookTwitterShare on LinkedinE-mail article
    Management is a set of well-known processes, like planning, budgeting, structuring jobs, staffing jobs, measuring performance and problem-solving, which help an organization to predictably do what it knows how to do well. Leadership is entirely different. It is associated with taking an organization into the future, finding opportunities that are coming at it faster and faster and successfully exploiting those opportunities. Leadership is about vision, about people buying in, about empowerment and, most of all, about producing useful change. More

    Study: Freer Trade with China Lowered American Manufacturing by 29.6 Percent
    The Washington Post    Share    Share on FacebookTwitterShare on LinkedinE-mail article
    A new working paper from the Fed's Justin Pierce and Yale's Peter Schott argues that the 2000 granting of permanent normal trade relations to China was the rare high-profile trade deal that really mattered. PNTR did not actually involve much in the way of new tariff reductions, but what it did offer was certainty. It suggested that previously eliminated tariffs on Chinese goods weren't coming back anytime soon. That reassurance mattered a great deal. All told, they argue that employment in the manufacturing sector in the United States was 29.6 percent lower than it otherwise would have been absent PNTR. More

    The Coming Shortage of Skilled Manufacturing Workers
    Bloomberg Businessweek    Share    Share on FacebookTwitterShare on LinkedinE-mail article
    As many as 600,000 U.S. manufacturing jobs remained vacant across the United States due to shortages of skilled workers, according to the Manufacturing Institute's most recent "skills gap" report. Yet, if there truly were significant shortages of skilled workers, employers would be increasing wages to attract them. That's basic supply-and-demand economics. How do you explain the fact that manufacturing wages are not increasing significantly above inflation? More

    Supply, Mill and Dealer Quotes Erode US Steel Scrap Sentiment
    Platts    Share    Share on FacebookTwitterShare on LinkedinE-mail article
    Anticipation of an upturn for February steel scrap prices by U.S. dealers eroded as mills and brokers entered the market early with quotes lower than prices negotiated for January requirements. Two major scrap brokers were heard to have quoted prices representing a discount to prices paid for January supplies, with one broker seeking prices down as much as $20/lt. Multiple Midwestern U.S. mills were heard to have quoted prices to one dealer at lower prices, as well. More

    What Went Wrong At Boeing?
    Forbes    Share    Share on FacebookTwitterShare on LinkedinE-mail article
    Boeing enthusiastically embraced outsourcing, both locally and internationally, as a way of lowering costs and accelerating development. The approach was intended to "reduce the 787's development time from six to four years and development cost from $10 to $6 billion." The end result was the opposite. The project is billions of dollars over budget and three years behind schedule. More
     



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