Issues in Brief
U.S. Trade Deficit in Manufactures Surges in the Second Quarter
The second quarter data for U.S. and Chinese global trade in manufactures indicates momentum toward double-digit deficit growth for the U.S. in 2014. The Chinese surplus rose by 9% during the quarter.
Patriotism has little to do with an inversion, a process whereby a company moves its headquarters to another country, but in a mid-term election year, it is easier for politicians to cast corporations as deserters than address root causes — namely, the convoluted tax code.
Four Myths About Social Security Reform
Social Security was not intended to be — and is not viewed by the public as — a means-tested welfare program. Tough decisions need to be made, since beginning in 2020, the program will start paying out more than it collects. Unfortunately, waiting to act increases the cost of fixing the problem.
Economic Roundtable: The Outlook Through 2015
In this video, six of our economists review the manufacturing outlook for key regions and explore what’s ahead for energy prospects in the United States. Cliff Waldman notes that “we are in a slow-growth world.”
U.S. Economy: Growth But No Surge
We recently released our quarterly economic forecast. We see steady growth but it is unlikely there will be a surge in the second half of this year. Right now the economy is somewhat constrained by credit availability and risk aversion. Consumers are driving growth but can’t go much faster.
Is the EU Becoming a More Cohesive Economy?
Economic growth remains feeble across the European Union (EU). Data on gross domestic product for the second quarter indicate the Eurozone has not expanded at all while the wider EU grew just 0.2% on the previous quarter. Over recent past, the EU has been growing at a rate of between a half and a third of that recorded for the United States.
Chris is a Business Development Manager of Electrification for Parker Hannifin, a diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of commercial, mobile, industrial and aerospace markets. Parker Hannifin will be exhibiting several hydraulic-electric hybrid systems for implement control in mobile applications at IFPE – the International…
NFPA recently met with Matt Purdy, the Director of Career Services at Murray State University. In this webinar, we discussed several ways to get in contact with university students looking to join the fluid power industry. Although our conversation was specifically with Murray State, the information that was discussed can be applied to reaching students…
This fall, NFPA’s schedule of Regional Meetings again includes Cleveland, scheduled for Thursday, November 3. This year it will be held at Merwin’s Wharf in downtown Cleveland. NFPA Regional Meetings offer a chance to meet with other area fluid power professionals over dinner. NFPA members and non-members alike are welcome to attend and as with all other…