Posts Tagged ‘manufacturing

20
Oct
14

Jobs? ✔ Economy Growing? ✔ Thank You, President Obama

Obama Jobs

****

Loraine Woellert: Factory Production Rebounds As U.S. Sustains Expansion

Production at American factories rebounded, claims for jobless benefits fell to a 14-year low and households held the most optimistic views in two years, signs the world’s largest economy is overcoming a global slowdown. Manufacturing output climbed 0.5 percent in September, springing back from a 0.5 percent drop the prior month, as factories pushed out more computers, appliances and building-supplies, according to Federal Reserve data issued today in Washington. Other reports showed the momentum is being sustained as the fewest workers since April 2000 filed applications for unemployment insurance last week and more consumers said this month that the economy will get better.

The reports bolster forecasts that the U.S. expansion will survive the weakening in Europe and emerging nations that has roiled global financial markets. American consumer spending, which accounts for almost 70 percent of the economy, is likely to strengthen as employment keeps growing and confidence climbs. Ford Motor Co. is among those automakers that remain upbeat. The second-biggest U.S. carmaker is adding workers at its Dearborn, Michigan, plant as it prepares for its new aluminum-bodied F-150 pickup. The truck is scheduled to arrive in showrooms by the end of the year. “These new jobs will help meet anticipated customer demand,” said Joe Hinrichs, Ford’s president of the Americas, during an Oct. 13 announcement. The company has hired more than 23,000 employees since 2011.

More here

****

06
Oct
14

The American Economy Is Growing? You Can Thank President Obama

Obama GOP

****

Bloomberg: Corporate U.S. Healthiest In Decades Under Obama With Lower Debt

Steve Wynn, founder of the Wynn Resorts Ltd. (WYNN) casino empire, once called President Barack Obama’s administration “the greatest wet blanket to business and progress and job creation in my lifetime.” Barry Sternlicht, chief executive officer of Starwood Property Trust Inc. (STWD), said Obamacare was driving down wage growth and “affecting spending and the desire to buy houses and everything else.” Corporate and economic statistics almost six years into his administration paint a different picture. Companies in the Standard & Poor’s 500 (SPX) Index are the healthiest in decades, with the lowest net debt to earnings ratio in at least 24 years, $3.59 trillion in cash and marketable securities, and record earnings per share. They are headed this year toward the fastest average monthly job creation since 1999, manufacturing is recovering and the U.S. has returned as an engine for global growth. The recovery, which stands in contrast to weak growth in Europe and Asia, has underpinned an almost threefold gain in the Standard & Poor’s 500 Index since March 2009.

“The U.S. is leading the way — we’re the only major economy with accelerating growth,” said Mark Zandi, chief economist in West Chester, Pennsylvania, for Moody’s Analytics Inc. and a registered Democrat who has advised both the Obama administration and Senator John McCain, a Republican. “Obama deserves some credit for that, but he probably won’t get it.” Barring any major disruptions, the economy is setting up for Obama to leave office on a high note, said Douglas Brinkley, a presidential historian and professor at Rice University in Houston. “History will eventually show that Obama inherited the Great Recession and resuscitated the economy,” Brinkley said in an interview. One example is General Motors Co. (GM), which last week regained its investment-grade debt rating from Standard & Poor’s only five years after the government-backed bankruptcy. Obama’s $49.5 billion bailout of the automaker in exchange for taxpayers owning 61 percent of the company kept it from being liquidated, an outcome that could have crippled parts suppliers and economies throughout most of 50 states, not just the Midwest. In the broader economy, consumers are buying again and homebuilding is increasing. The unemployment rate has declined to 6.1 percent, the lowest since 2008. The economy expanded at a 4.6 percent annualized rate in April through June. Obama’s 2010 health-care program will hold down consumer prices for years to come as millions of Americans obtain coverage, BNP Paribas SA and Credit Suisse Group AG said. The “Medicare cost miracle” resulted at least in part from Obama’s Patient Protection and Affordable Care Act, Nobel-Prize winning economist Paul Krugman wrote in a Sept. 1 New York times article.

More here

****

9.26.14

****

Steve Benen: Economic Growth Improves To Eight-Year High

The preliminary figures on second-quarter GDP looked good; the revised tally looked better; and the final report looks even better still. The U.S. economy grew at a 4.6% annual pace in the second quarter, matching the best performance since the recession ended in mid-2009. The increase in real gross domestic product was revised up from 4.2%, mainly because of higher exports and business investment, the Commerce Department said Friday. Americans also spent more on health care, but the gain was offset by lower spending on other services. Economists polled by MarketWatch had predicted GDP would be revised up to a seasonally adjusted 4.7%. Consumer spending, the main source of economic activity, was unchanged at 2.5% growth. The biggest gains came in business investment, a good sign for the economy in the months ahead. To provide some additional context, 4.6% growth is tied for the best quarter since the start of the Great Recession.

More here

****

****

****

****

29
Sep
14

More Positive Economic News? Thanks, President Obama

Fig1

****

NYT: Business Spending, Exports Spur Big Bounce In U.S. Economy

The U.S. economy grew at its fastest pace in 2-1/2 years in the second quarter with all sectors contributing to the jump in output in a bullish signal for the remainder of the year. The Commerce Department on Friday raised its estimate of growth in gross domestic product to a 4.6 percent annual rate from the 4.2 percent pace reported last month. The United States is bucking a spate of weaker overseas growth with the euro zone and Japan slumping, and growth in China slowing as well. the expansion in consumer spending, combined with strong business investment,

was nevertheless enough to push domestic demand ahead at its fastest pace since 2010. That suggests the economy’s recovery is becoming more durable after output slumped at a 2.1 percent rate in the first quarter because of an unusually cold winter. So far, data covering manufacturing, trade and housing suggest that much of the second quarter’s momentum spilled over into the third quarter. Growth estimates for the July-September quarter range as high as a 3.5 percent pace. When measured from the income side, the economy grew at a 5.2 percent pace during the second quarter…export growth was raised to an 11.1 percent pace, the fastest since the fourth quarter of 2010, from a 10.1 percent rate.

More here

****

Fig5

****

Jason Furman: Third Estimate of GDP For The Second Quarter Of 2014

1. Real gross domestic product (GDP) increased 4.6 percent at an annual rate in the second quarter of 2014, the fastest pace since the fourth quarter of 2011, according to the third estimate from the Bureau of Economic Analysis. The strong second-quarter growth represents a rebound from a first-quarter decline in GDP that largely reflected transitory factors like unusually severe winter weather and a sharp slowdown in inventory investment. Growth in consumer spending and business investment picked up in the second quarter, and residential investment increased following two straight quarters of decline. Additionally, State and local government spending grew at the fastest quarterly rate in five years. However, net exports subtracted from overall GDP growth, as imports grew slightly faster than exports.

Real gross domestic income (GDI), an alternative measure of the overall size of the economy, was up 5.2 percent at an annual rate in the second quarter. 3. Over the past four quarters, real GDP has risen 2.6 percent, faster than the 2.0 percent annualized pace observed over the preceding eight-quarter period. Looking at four- and eight-quarter changes to smooth some of the quarter-to-quarter volatility, it is clear that many components of GDP are showing improvement. The growth rates of consumer spending, business investment and exports have all picked up, and the pace of declines in the Federal sector have moderated a bit. In addition, the State and local government sector has turned positive, after several years of steady cutbacks. One area that has slowed over the last four quarters is residential investment, although it did rebound in the second quarter.

More here

****

****

****

30
Aug
14

President Obama’s Policies Aren’t Working? Tell Us Another Lie, GOP

****

****

****

****

****

****

24
Jun
14

President Obama’s America

markit_june2014_manufacturing_output_employment

****

Supply Chain 24/7: US Manufacturing Increases At Fastest Rate In 4 Years

June data pointed to a robust and accelerated improvement in the performance of the U.S. manufacturing sector. At 57.5 in June, up from 56.4, the seasonally adjusted Markit Flash U.S. Manufacturing Purchasing Managers’ Index™ (PMI™)1 indicated the strongest upturn in overall business conditions since May 2010. The latest rise in the headline PMI was driven by the fastest output and new orders growth for just over four years. Manufacturing output growth picked up for the third month running to its strongest since April 2010.

Moreover, the average pace of expansion in Q2 was the steepest for any quarter since the survey began in early-2007. Survey respondents generally attributed rising production volumes to improving domestic economic conditions, increased client confidence and a strong pipeline of outstanding work. In line with the trend for output, total new business volumes increased at a sharp and accelerated pace during June.

More here

****

****

18
Jun
14

A Nation Of Makers

88cf1049cfd27017570f6a706700b052_original

President Barack Obama meets with Lindsay Lawlor, of San Diego, Calif., and his creation, a 17-foot-tall, 2,200-lb robotic giraffe that “walks” on wheels and is powered by a 12-horsepower hybrid fuel-engine motor, during his tour on the South Lawn of the White House to meet with students, entrepreneurs and inventors, during the first ever White House “Maker Faire.” President Obama is highlighting new tools and techniques that promote fledgling businesses create and market their products in an effort to focus attention on US manufacturing need for science and math education

****

****

df2d6cc9cfdb7017570f6a7067001478

****

****

****

****

6f6e9229cfe27017570f6a706700238b

President Barack Obama holds up cell phone that is plugged into a “soofa” a solar powered bench, that Sandra Richter of Cambridge, Massachusetts, helped designed with allows people to charge their phones

****

****

****

****

54147f26cfdb7017570f6a706700ff2d

President Barack Obama reaches out to pet a 17-foot-tall, 2,200-lb robotic giraffe that “walks” on wheels and is powered by a 12-horsepower hybrid fuel-engine motor

****

White House: Fact Sheet: President Obama To Host First-Ever White House Maker Faire

As part of his year of action and this week’s focus on efforts that will expand opportunity by spurring manufacturing, innovation and entrepreneurship, the President will also announce new steps the Administration and its partners are taking to increase the ability of more Americans, young and old, to have access to these tools and techniques and to bring their ideas to life. Among the efforts being launched by the President at the White House Maker Faire: Helping Makers launch new businesses and create jobs, with more than 13 federal agencies and companies including Etsy, Kickstarter, Indiegogo, and Local Motors offering Makers a suite of support services including expanded access to start-up grants, strong relationships with American manufacturers and major retailers, and business mentoring and training. Dramatically expanding the number of students that have the opportunity to become Makers, with the Department of Education and five other agencies;

over 150 colleges and universities; more than 130 libraries; and major companies ranging including Intel, Autodesk, Disney, Lego, 3D Systems, and MAKE committing to create more Makerspaces, enlist more educators in teaching Making, and launch other programs that allow students access to the tools and mentors that will bring their ideas to life.  Challenging Makers to tackle our most pressing problems, from Maker Nurses prototyping new tools that will aid in patient care, to Makers expanding our frontiers in space, to Makers here and abroad developing low-cost technologies that can improve the livelihoods of the world’s most vulnerable people. America has always been a nation of tinkerers, inventors, and entrepreneurs. In recent years, a growing number of Americans have gained access to technologies such as 3D printers, laser cutters, easy-to-use design software, and desktop machine tools, with even more being created by the day. These tools are enabling more Americans to design and build almost anything.

More here

****

President Obama Hosts Maker Faire At White House

 ****

Stacy Anderson: Maker Faire Makes White House Debut; Obama Tours Exhibits

If President Barack Obama is mingling with inventors, sooner or later there has to be a robot. On Wednesday, it was Russell, the 17-foot electric giraffe towering in the South Lawn of the White House, a symbol of the quirky and clever creations Obama wanted to showcase on a day devoted to innovation. “New tools and technologies are making the building of things easier than ever,” Obama told entrepreneurs and students who gathered at the White House at its first Maker Faire. “There is a democratization of manufacturing that is potentially available because of technology.” As part of a weeks-long emphasis on the economy, Obama was promoting the use of new tools and techniques to start up new businesses, to boost manufacturing and to strengthen science and math education.

“We’ve got to make sure that more Americans have the skills and opportunities to land a job in a growing industry or to create entire new industries,” he said. “That’s why I’m declaring today a national day of making.” Among the South Bay inventions spotlighted at the event was a $5 chemistry set by Stanford professor Manu Prakash and a 3-D printer from Mountain View-based Made in Space. Besides the giant giraffe, a huge red weather balloon hovered over the Rose Garden and a menacing dinosaur head rested in a hallway. A Philadelphia non-profit group demonstrated a fuel-efficient car. Another showed off a solar energy unit. “What on earth have you done to my house?” Obama joked. Obama always seems engrossed by technological innovations, though he joked about the name Maker Faire as a gathering for new and creative products. “Why is there an ‘E’ at the end of ‘faire’?” he said. “Is there jousting? Do we all have to get dressed up, or what?….This is America. We don’t have ‘E’s’ at the end of ‘fair.'”

More here

****

2014-06-18T165605Z_1615523262_GM1EA6J02ER01_RTRMADP_3_OBAMA

****

****

****

****

49f6edc0cfd67017570f6a70670031bc_original

88cf1049cfd27017570f6a706700b052

17
Jun
14

Techshop Pittsburgh Welcomes President Obama

0724b865ac2a5a17570f6a706700035e

President Barack Obama smiles as he is shown wooden art made using a laser etcher by James Gyre during his tour of TechShop, in Pittsburgh, Pennsylvania. President Obama traveled to Pittsburgh and visited TechShop, a fabrication and prototyping studio open to the public via paid memberships, to deliver remarks on the economy

****

****

6b3d872aac645b17570f6a70670012ec

President Barack Obama makes remarks after touring Bakery Square’s TechShop, a membership-based manufacturing workshop in Pittsburgh, that’s a model for the kind of sharing of resources he wants to see more of. The president announced a plan to open the doors of more than 700 federal labs across the country to give innovators access to more than $5 billion in equipment, research and resources to develop new technologies. Additionally, he outlined a $150 million investment in research to support the Materials Genome Investment, a public-private endeavor that aims to reduce the time it takes to develop new materials that can be used in advanced manufacturing

****

****

****

836fe069ac1e5a17570f6a706700c973_original

President Barack Obama is shown an example of a 3-D printer by Andy Leer

d5c36310ac135a17570f6a7067002789

President Barack Obama speaks about the capture of Libyan militant suspected of killing Americans in Benghazi

f7a90dbfac705b17570f6a7067004462

****

James O’Toole: President Obama Speaks In Pittsburgh About Technology

On a stop at Bakery Square’s TechShop in Larimer this afternoon, President Barack Obama announced a plan to give fledgling businesses expanded access to high-tech resources whether from the government or through wider sharing of private and university-based data and facilities. Administration officials said the access to expensive equipment and facilities is designed to lower the barriers to innovation. The president announced the initiative after a tour of TechShop, a membership-based manufacturing workshop that’s a model for the kind of sharing of resources he wants to promote. Coming the day after Mr. Obama announced an executive order to ban discrimination against members of the LGBT community in federal contracting, the innovation order was one more example of the administration’s efforts to pursue policy initiatives that don’t depend on action by Congress.

During his visit, the president also described new manufacturing investment commitments from 90 mayors cross the country, as well as a plan to provide private-sector innovators with access to expensive federal equipment such as wind tunnels at NASA and supercomputers at the Department of Energy’s Oak Ridge National Laboratory. The plan would provide access to more than $5 billion worth of research, prototyping and testing equipment at more than 700 federal facilities. The president’s plan aims to give innovators – dubbed “makers” by the White House — access to equipment that no individual or small business could afford on its own, said Jeff Zients, director of the National Economic Council. “[We are] talking about using spare capacity when it’s available to give access to local makers and entrepreneurs,” he said. Mr. Zients said the president’s plan does not require legislative approval and has no cost to the federal government.

More here

****

00b24678ac315a17570f6a706700cdb4

President Barack Obama points to a replica of the Presidential seal that Terry Sandin made during a tour of TechShop

ba432ca2ac555b17570f6a706700d9ed

President Barack Obama takes a drink as he listens to a question

6160cf9aac315a17570f6a7067009e27

****

****

****

644b33e8ac245a17570f6a7067002c3f

President Barack Obama tours TechShop Pittsburgh with Matt Verlinich, General Manager of TechShop Pittsburgh

f4523c2fac325a17570f6a7067005ab0

****

****

****

2014-06-17T175712Z_2133239475_GM1EA6I05CM01_RTRMADP_3_USA-OBAMA

President Barack Obama shakes hands with workers

2014-06-17T181746Z_949354804_GM1EA6I06A601_RTRMADP_3_USA-OBAMA

President Barack Obama holds up a wooden snowflake made on a laser etcher

2014-06-17T180751Z_520338102_GM1EA6I05T801_RTRMADP_3_USA-OBAMA

President Barack Obama responds to questions from workers

7ea90682ac175a17570f6a706700340b

2014-06-17T182626Z_374608342_GM1EA6I06P901_RTRMADP_3_USA-OBAMA

2014-06-17T164826Z_2096143429_GM1EA6I025R01_RTRMADP_3_USA-OBAMA




@BarackObama

@WhiteHouse

@FLOTUS

@blog44

@PeteSouza

Enter your email address to receive notifications of new posts by email.

@TheObamaDiary

@NerdyWonka

@DaRiverZkind

@Lib_Librarian

@amk4obama

@zizii2

@Our4thEstate

Categories

Archives

Blog Stats

  • 27,834,963 hits
October 2014
M T W T F S S
« Sep    
 12345
6789101112
13141516171819
20212223242526
2728293031