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Manufacturing Jobs

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Trump’s Economic Year One: Some Wins, Many Promises Yet to Deliver
business1 month ago

Trump’s Economic Year One: Some Wins, Many Promises Yet to Deliver

A year after returning to the White House, Trump’s economy has been resilient with some gains—notably a stock-market rally driven in part by AI optimism and tariff revenue—while several campaign promises have not materialized. Food prices are mixed (down in some categories, up in others), gas prices fell but not to the promised level, energy costs did not halve, auto manufacturing hasn’t revived, manufacturing jobs remained flat or declined, and debt continues to rise despite tariff income; the piece weighs promises against actual progress and highlights structural constraints behind the mixed picture.

via The New York Times|
#business#food-prices#manufacturing-jobs
"Biden Secures Billions for Intel, Trump's Job Loss to China Highlighted"
business-politics1 year ago

"Biden Secures Billions for Intel, Trump's Job Loss to China Highlighted"

President Joe Biden announced a $20 billion award to Intel Corp, emphasizing his investments in US industries and criticizing Donald Trump's economic policies. The funds, part of the 2022 Chips and Science Act, aim to support domestic manufacturing and strengthen the US economy. Biden is using federal dollars and his platform to showcase the results of his plans, particularly in swing states like Arizona. Intel's CEO, Pat Gelsinger, highlighted the importance of securing America's leadership in semiconductor production, while acknowledging the political challenge of delayed benefits for local communities.

via Yahoo Finance|
#business-politics#intel#joe-biden
"Biden's Michigan Ad Takes Aim at Trump's Campaign"
politics2 years ago

"Biden's Michigan Ad Takes Aim at Trump's Campaign"

President Biden's reelection campaign released a new ad targeting former President Trump in Michigan, criticizing his tax policies, the closure of manufacturing plants, and unfulfilled promises to restore jobs. The ad, titled "Delivers," will run on national cable channels and digital boards in key Michigan cities as part of a $25 million ad campaign. Biden's visit to a picket line with autoworkers and Trump's upcoming speech in Michigan highlight the importance of the state in the 2020 election. The Biden campaign aims to contrast Biden's advocacy for working Americans with Trump's broken promises to the middle class.

via The Hill|
#ad#biden-campaign#manufacturing-jobs
The Impact of Biden's Steel Tariffs on American Families and Jobs
business2 years ago

The Impact of Biden's Steel Tariffs on American Families and Jobs

The Biden administration is considering a proposal to impose tariffs of up to nearly 300% on imported tinplate steel, which could have detrimental effects on the U.S. manufacturing industry. Ohio-based steel giant Cleveland-Cliffs is pushing for these tariffs, claiming that eight countries, including U.S. allies, are flooding the market with low-cost tinplate steel. However, smaller manufacturing businesses, like Independent Can, argue that these tariffs would increase the price of canned goods, threaten tens of thousands of manufacturing jobs, and force companies to rely on cheaper imports. A study predicts a decline in can production and job cuts, with minimal new job creation. Critics argue that these tariffs prioritize protectionism over the interests of American businesses, jobs, and consumers.

via Fox Business|
#biden-administration#business#can-company
"Biden's Visit to Maine Shines Spotlight on Manufacturing Jobs"
politics2 years ago

"Biden's Visit to Maine Shines Spotlight on Manufacturing Jobs"

President Joe Biden traveled to Maine to deliver a speech highlighting manufacturing jobs and signed an executive order prioritizing American innovation and manufacturing. The order aims to increase incentives for manufacturing inventions supported by federal money in the United States. Biden emphasized that there is still work to be done to turn the economy around and referred to his economic agenda as "Bidenomics." He also responded to suggestions of a potential impeachment probe, jokingly remarking that Republicans might consider impeaching him because inflation is coming down. The event took place at Auburn Manufacturing Inc., a textile manufacturer experiencing growth due to Biden's Investing in America agenda. This is Biden's first trip to Maine as president.

via NBC News|
#bidenomics#economic-agenda#executive-order
"Tesla's Buffalo Solar Panel Factory: Failed Promises and Wasted Investments"
business2 years ago

"Tesla's Buffalo Solar Panel Factory: Failed Promises and Wasted Investments"

Nearly half of the employees at Tesla's Buffalo solar panel factory in New York are analyzing Autopilot and Full Self-Driving data, instead of working on solar panel production. The factory, which was initially expected to create 3,000 jobs and produce enough solar-panel shingles for 1,000 houses per week, has fallen short of expectations. The state of New York invested nearly $1 billion in the facility, but the output has been significantly lower than anticipated. Tesla currently employs 1,700 workers at the site to avoid penalties from the state. Critics argue that the project has been a costly economic development failure.

via Jalopnik|
#autopilot-data#buffalo#business
Experts question effectiveness of Biden's policies towards China.
politics2 years ago

Experts question effectiveness of Biden's policies towards China.

President Biden's approach to industrial policy might not only undermine other commitments but also fail on its own terms to bring huge numbers of jobs building things like solar panels and semiconductors back to the US. Biden's signature climate bill, the Inflation Reduction Act, extensively favors US industry in a way that has provoked mass outrage from foreign governments, including close allies. Biden seems to be joining Trump in turning America inward, at least economically, and undermining the open trade regime that their predecessors from both parties worked for decades to build.

via Vox.com|
#biden#climate-change#manufacturing-jobs
Nel Hydrogen to build $400M clean hydrogen plant in Michigan with GM partnership.
energy2 years ago

Nel Hydrogen to build $400M clean hydrogen plant in Michigan with GM partnership.

Nel Hydrogen, a Norwegian company, will build a $400 million "gigafactory" in Michigan to manufacture equipment that produces hydrogen fuel. The factory will create more than 500 clean energy manufacturing jobs and will be the first in the U.S. to produce electrolyzers, which use electrolysis to produce hydrogen from water. The move is part of Michigan's goal to become carbon-neutral by 2050 and to lead hydrogen development. The state is also in conversations to become one of the six to 10 hydrogen "hubs" selected by the U.S. Department of Energy Hydrogen and Fuel Cell Office.

via MLive.com|
#clean-energy#energy#hydrogen-fuel