Global Foundries, which makes semiconductors, has helped breathe life into the small town of Malta in upstate New York with new jobs and training programs at area schools. (ABC News)
When Global Foundries was seeking a home for its new $7 billion factory, it skipped over Germany and Singapore, where it already has facilities, and settled on the small town of Malta in upstate New York.
"We got a call from folks in New York who had been investing in infrastructure and workforce and everything," said Travis Bullard, a spokesman for the company, which is 80 percent owned by Abu Dhabi. "We came up and looked at a few sites around New York and ultimately decided to build here."
If you haven't noticed a "Made in the USA" label recently, keep your eyes open: It's on its way back.
Over the last two decades, thousands of U.S. manufacturers have set up overseas operations meant to take advantage of cheap foreign labor and permissive regulations. The offshoring trend has eliminated millions of American jobs and generated a lot of political pressure for new policies that protect the ones that are still available. President Obama has made a stronger manufacturing sector the centerpiece of his proposal for "an economy built to last."
It has been a great decade to be rich.
Since 2001, high earners have enjoyed the best of all worlds. Tax rates at the top of the income ladder have drifted down to the lowest levels since World War II. Incomes have stagnated for the middle class, but they've continued to rise for the wealthy. And recent policies meant to combat the recession and the 2008 financial crisis have benefited the wealthy more than others.
Anybody paying attention to politics may have gotten the impression that women are falling behind in the economy. This is one more reason to tune out politicians.
Mitt Romney generated buzz recently by claiming that women have accounted for 92.3 percent of all jobs lost since President Obama took office in 2009. That's technically true, given the selective way Romney chose his numbers and the context he chose to leave out. But Romney's startling factoid distorts the role women play in the economy and it especially misrepresents the strides women are likely to make over the next several years—which will significantly outpace the gains made by men.
The nearly 800 trains that make up San Francisco Bay Area Rapid Transit, better known as BART, have reached the end of the line.
"We have the oldest cars that are currently running in the country," says Dick Wieczorek, head of BART'S procurement department.
By Howard Schneider for The Washington Post Business Sectionn
Published: April 18
A series of steps by China in recent weeks is encouraging U.S. officials that Beijing is proceeding with changes to currency and other financial policies that the two countries have long disputed.
Chinese leaders have moved to free up trading of their currency, the renminbi, and offered high-level criticism of state-owned banks. At the same time, China has seen a sharp reduction in the surplus its runs with the rest of the world in trade and financial flows.
We have just surpassed the 11,300 mark on our Facebook page. We have a wonderful, loyal, and supportive fan base. Each and every one of you all have a vested interest in this Movement. You are all very passionate about our Country, the United States of America, and you will all defend her till the end! You all did not just join this Movement: You helped create it! You helped grow it! The success of The Made in America Movement is your success!
Let's continue this amazing momentum we have going on. Let's continue to build upon what we already have. Let's all join together and begin to build Made in America Movement communities throughout our Country.
How can YOU become an advocate of The Made in America Movement in your town/village/community? Let us know of your interest so we can get you started!
Summer is around the corner and I have some fantastic ideas! If anyone is on Twitter, follow our discussions via #TheMIAMovement hashtag.
Let's continue to use our voices. Let's make some noise. Let's get LOUD. Let's be HEARD!
By Paul Davidson, for USA TODAY
The economic recovery has been driven by a manufacturing revival the past two years.
But the strength of that revival could be threatened by the challenges facing a small and beleaguered sector of manufacturing that evokes images of a quainter, more labor-intensive era: the tool and die industry.
These skilled manufacturers are vital. They produce tools, dies and molds that other makers use to shape products — from car fenders and dashboards to shampoo bottles and cellphones.
Homeowner Patrick Schutte (on left) stands with Alex de Parry of Ann Arbor Builders at the site of Schutte's new Dexter house, which is being constructed mostly of materials made in the U.S.
By
Janet Miller - Freelance reporter
As
Ann Arbor Builders Inc. hops aboard the slow train to economic recovery, the company wants to bring along other American businesses.
It’s been a tough four or five years, admitted
Betsy de Parry, vice president of Ann Arbor Builders. The 40-year-old home construction company saw business drop from 20 to 30 new home starts a year to three or four since 2007.
But as the phone begins to ring again with inquiries and there is a growing number of signed contracts, de Parry said she and her husband,
Alex de Parry, company president, are focusing on building homes with products made in America — with a special emphasis on products from Michigan and Washtenaw County companies.