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  • Lost Jobs in Wisconsin

    Posted by scapozzola on 05/11/2011
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    Milwaukee, Wisconsin: Adaptive Microsystems LLC plans to permanently close its plant on Milwaukee’s northwest side, leaving about 70 employees without jobs.

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Visclosky and Murphy Introduce American Steel First Act of 2011
Posted by scapozzola • 05/11/2011

Reps. Tim Murphy (R-PA) and Pete Visclosky (D-IN) have introduced the American Steel First Act of 2011, legislation that would require the Department of Transportation, the Department of Defense, and the Department of Homeland Security to use only American-made iron and steel in their projects when permissible.
 
“Steel is at the heart of the economy in Northwest Indiana and a critical component of American industry.

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Zero Hedge Blog: So Does The Spike In Chinese Exports Mean A Comparable, And GDP-Reducing, Surge In US Imports?
Posted by aburke • 05/11/2011

In a recent post on Zero Hedge, blog author Tyler Durden examines what the recent surge in China’s trade surplus might mean for the U.S:

“Does this mean that tomorrow US import data will surge, which by implication, will result in another steep cut to Q2 GDP? Well, logic would say yes, although the headline scanners on TV and in NYSE collocation boxes would beg to differ.

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Of trade deficits and national security...
Posted by scapozzola • 05/11/2011

U.S. Congressman Randy Forbes (R-VA) has sent a letter to Secretary of Defense Robert Gates calling his attention to the Department of Defense’s yearly failure to comply with the legal deadline for submitting the “Annual Report to Congress on the Military and Security Developments Involving the People’s Republic of China.”

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SENATE HEARING TODAY: "Manufacturing Our Way to a Stronger Economy"
Posted by scapozzola • 05/11/2011

The U.S. Senate Committee on Commerce, Science, and Transportation is holding a hearing this afternoon that will focus on manufacturing in America and "ways in which the government and industry can strengthen the sector and promote job growth."

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