Last Friday (2/15) the Board of Governors of the Federal Reserve system issued a revision to the January 2013 industrial production numbers which showed a contraction of 0.1 percent after having risen 0.4 percent in December and 1.7 percent in November. For the fourth quarter as a whole, manufacturing production as a whole, is now [...]
It is becoming increasingly clear that Congress will not act to stop the sequester spending cuts from taking place. The cuts will take place between March 1 and September 30, the last day of the government’s fiscal year. Split evenly between defense spending and spending for other discretionary programs: $85 billion dollars. I do not [...]
Briefings from the Metals Service Center Institute North American Manufacturing Advocacy news for 2/4/13: “A new study by the American Action Forum finds that even with the 2010 health care reform law in place, individual and small group insurance premiums will continue to rise over the next several years.” AAF concludes, “There is now a [...]
The Keystone Pipeline: Dragging on for four years now a decision on the project will not be made any time soon, despite support by a majority in the US Senate where last week 53 members signed a letter urging President Obama to approve the project. Shovel ready jobs…..waiting, waiting…. The Purchasing managers index [...]