Issues in the Brief
The Great Recession caused significant damage to the developed economies on both sides of the Atlantic. Yet whereas the American economy rebounded early if not very quickly, Europe’s recovery proceeded in fits and starts.
Fifty years ago, on a trip to China, the renowned Chicago economist Milton Friedman was shown some of the country’s noteworthy public works programs in which hundreds of laborers were digging a canal with shovels.
With the labor force participation rate at generational lows, decelerating productivity growth and 2.5 million Americans seeking work for at least six months, the long-term labor market dynamic is problematic. Nonetheless, steady payroll gains seem to be the sole factor currently propelling U.S. growth.
With the new Congress in full swing and the Senate’s tax reform working groups getting ready to report their findings, there has been growing chatter about patent boxes, an incentive used by many of our trading partners to attract research and development, manufacturing, and high-skilled jobs.
Three factors are behind Latin America’s depressed business environment: lower commodity prices, corruption scandals in numerous countries and concerns about financial stability arising from massive capital outflows.
In Chief Economist Dan Meckstroth’s review of the MAPI Foundation’s latest forecast, he explains the reasons for the less optimistic outlook for U.S. manufacturing, including the strong dollar and the collapse in energy prices.
Several shocks have lowered manufacturing growth potential this year — a severe winter, strong dollar, declining energy exploration and excessive inventories. The corrections will hold down 2015 growth. Fortunately, the housing and aerospace supply chains are ramping up and strong employment growth will underpin economic performance. We forecast manufacturing production growth of 2.5% in 2015, 4.0% in 2016 and 3.1% in 2017.
This episode features Marty Christianson, the Market Manager for E-Mobility and AE Cooling Systems at HYDAC, and we invited him into our forum to learn more about E-Mobility and the electrification of off-highway hydraulic equipment. Listen to Podcast Here This fluid power industry-focused podcast highlights the people, technologies and unique applications that are moving the industry…
Deadline to Respond is August 18, 2022 Electrification is a buzzword throughout most industries now and is a common topic being discussed at conferences, events, and board rooms. While many businesses and industries have already embraced electrification, others are still working to understand the impacts, opportunities, and decision points to make. To add further confusion,…
The National Fluid Power Association is saddened to share the news that Tom Wanke, CFPE, director of the Fluid Power Industrial Consortium and Industry Relations at Milwaukee School of Engineering, passed away June 21, 2022. “Tom’s impact on the fluid power industry will be felt for generations,” said Eric Lanke, president and CEO of the…