Althea (10-13-2019), ThatOwlWoman (10-13-2019)
Althea (10-13-2019), ThatOwlWoman (10-13-2019)
Manufacturers are mired in their deepest slump since the Great Recession
American manufacturers are sliding deeper into recession. A closely watched gauge of factory activity released on Tuesday registered its weakest reading in more than 10 years, weighed down by slowing global growth, the Trump administration's trade war with China and an ongoing strike by thousands of General Motors workers.
The monthly survey by the Institute for Supply Management, an association of purchasing managers, showed that the sector — which accounts for roughly 12% of U.S. gross domestic product — in September shrank to its lowest level since since June 2009. Manufacturers are also adding fewer jobs.
Slowing U.S. economy compounds Trump's political woes
A decline in international trade and demand for U.S. goods is the biggest factor denting manufacturers, according to ISM. One maker of electrical equipment and parts surveyed by the group also said that "tariffs have caused much confusion in the industry."
https://www.cbsnews.com/news/manufac...the-recession/
PostmodernProphet (10-15-2019)
WK1 3/28-/4 _Cases 301k--Dead 18.1k Lethality 2.72%
WK2 4/5-/13 _Cases 555k--Dead 22.1K Lethality 3.9%
WK3 4/20-/21 Cases 774k -Dead 37.2K Lethality 4.8%
WK4 4/22-/29 Cases 1M --Dead 58.8K Lethality 5.9%
WK5 5/1-/8__ Cases 1.3M -Dead 75.7K Lethality 6.1%
WK6 5/9-16__Cases 1.4M --Dead 85.8K Lethality 6.1%
WK7 5/17-24_Cases 1.7M - Dead 97.6K Lethality 5.9%
WK8 5/28 Cases 1.7M - DEAD 101.2K - Same
Oh, it gets worse for our trucking industry workers too:
"Trucking fleets slashed 4,500 jobs last month and the pace of hiring slowed across the logistics field amid signs of tepid growth in the U.S. goods-producing economy.
"The pullback in truck payrolls in August ended a four-month expansion, according to preliminary seasonally adjusted employment figures released Friday by the U.S. Bureau of Labor Statistics. The overall shipping-focused transportation and logistics sector, excluding passenger and sightseeing companies, contracted by 600 jobs."
https://www.wsj.com/articles/trucker...st-11567794742
"Conservatism is the blind and fear-filled worship of dead radicals." -- Mark Twain
PostmodernProphet (10-15-2019)
Mason Michaels (10-15-2019)
Apparently you've not heard of the IGCC technology the Japanese are developing.
https://en.m.wikipedia.org/wiki/Inte...combined_cycle
cancel2 2022 (10-15-2019)
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