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Image via Flickr by zackzen Every day the Baltic Exchange in London releases the Baltic Dry Index, which tracks the prices of shipping bulk freight. This week, prices are up 14 percent over last week, and have reached the highest level of the current year. Though most company representatives only agreed to speak with reporters…
Image via Flickr by anaulin Gothenburg, Sweden announced its latest plans to abolish the six-hour workday. According to a report by the Atlantic, “The governing coalition has proposed a year-long trial that would divide some municipal workers into a test and control group at the same pay rate, with the test group working six-hour days…
Image via Flickr by Cheon Fong Liew It’s getting more expensive to manufacture electronics in China. That’s why several companies including LG, Microsoft, and Samsung are moving operations to Vietnam where the labor is cheaper and the tax breaks are better. Samsung Electronics plans to build a second mobile phone plant in Vietnam for around…
Image via Flickr by DerFussi The year 2007 was, overall, the strongest year ever for American manufacturers. Hence, the Federal Reserve set this year as a baseline for the marketing index, released on a monthly basis, and set each sector of manufacturing to a base of 100 for the year 2007. Then those baselines are…
Image via Flickr by Official U.S. Navy Imagery According to newly released data from the U.S. Energy Information Administration in its 2010 Manufacturing Energy Consumption Survey, U.S. manufacturing facilities are producing about the same amount of goods while lowering their energy costs and consumption tremendously. According to the report, the U.S. manufacturing sector decreased its…
Image via Flickr by Aero Lcarus Most of the clothing, electronics, and agricultural goods you buy are not made in the U.S. They are imported from developing countries, such as China. The Obama administration is pushing for the Trans-Pacific Partnership (TPP) to create fair competition in the Asia-Pacific region. Their goal is to create an…