In fact, some economists view the German reform narrative as a myth
Germany May Not Offer Best Lessons for Weaker Euro-Zone States - WSJ.com - 0 views
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Wage restraint was instead a function of weak demand after the collapse of the reunification-fueled construction boom in the mid-1990s.
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Even if one accepts the story, economists also point out that Germany undertook its labor-market reforms when the winds of the world economy were extremely favorable. The global economy was growing, and China and other emerging economies were sucking in machine tools and other capital goods in which German manufacturers excelled.
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Should You Eat Chicken? - NYTimes.com - 0 views
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U.S.D.A. does not stand alone. The Food and Drug Administration (F.D.A.), knowing that manufacturers grow animals under conditions virtually guaranteed to breed disease, allows them to attempt to ward off disease by feeding them antibiotics from birth until death. (This despite the stated intention of the agency to change that, and a court order requiring it to.)
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About a quarter of all chicken parts are contaminated,
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The F.D.A. must disallow the use of prophylactic antibiotics in animal production.
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Wind Farms Take Root Out at Sea - NYTimes.com - 0 views
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“If you want to do wind on a big scale with power plants based on wind, you need to go offshore,
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Wind farms are no longer engineering experiments or small pilot schemes. They have grown very large, to the point where they are of the same scale as gas- or coal-fired power stations.
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Siemens figures there are about 3.3 gigawatts of offshore wind power connected to the grid in Europe. That is similar in size to a large contemporary nuclear power station.
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Golden Rice - Lifesaver? - NYTimes.com - 0 views
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making it the only variety in existence to produce beta carotene, the source of vitamin A. Its developers call it “Golden Rice.”
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And they have motivated similar attacks on trials of other genetically modified crops in recent years: grapes designed to fight off a deadly virus in France, wheat designed to have a lower glycemic index in Australia, sugar beets in Oregon designed to tolerate a herbicide, to name a few.
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Not owned by any company, Golden Rice is being developed by a nonprofit group called the International Rice Research Institute with the aim of providing a new source of vitamin A to people both in the Philippines, where most households get most of their calories from rice,
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General Electric Adds to Its 'Industrial Internet' - NYTimes.com - 0 views
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“The rise of industrial big data is moving at twice the speed of other big data. That’s a great opportunity.” said William Ruh, the head of global software at G.E. “There’s all kinds of experiences that we’re going to create.”
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The other is a kind of application software to help power companies figure out how to best build out and operate their turbines. By October, G.E. hopes to have similar applications out for railway, mining, and oil and gas companies.
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Effectively, G.E. is taking the data-driven tools and strategies used by Google and Facebook to the much larger global economy.
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Why China will not buy the world - FT.com - 0 views
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At the heart of the new global economy are what Prof Nolan calls “systems integrator” companies – businesses with dominant brands and superior technologies, which are at the apex of value chains that serve the global middle classes. These global businesses, in turn, exert enormous pressure on their supply chains, creating ever-rising consolidation there, as well.
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Using data from 2006-09, Prof Nolan concludes that the number of globally dominant businesses in the manufacture of large commercial aircraft and carbonated drinks was two; of mobile telecommunications infrastructure and smart phones, just three; of beer, elevators, heavy-duty trucks and personal computers, four; of digital cameras, six; and of motor vehicles and pharmaceuticals, 10. In these cases, dominant businesses supplied between half and all of the world market. Similar degrees of concentration have emerged, after consolidation, in many industries
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Much the same concentration can be seen among component suppliers.
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The Insourcing Boom - Charles Fishman - The Atlantic - 1 views
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Both Bowman and Calvaruso knew something about “lean” manufacturing techniques—the style of factory management invented by Toyota whereby everyone has a say in critiquing and improving the way work gets done, with a focus on eliminating waste. Lean management is not a new concept, but outside of car making, it hasn’t caught on widely in the United States. It requires an open, collegial, and relentlessly self-critical mind-set among workers and bosses alike—a mind-set that is hard to create and sustain.
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Levi Strauss used to have more than 60 domestic blue-jeans plants; today it contracts out work to 16 and owns none, and it’s hard to imagine mass-market clothing factories ever coming back in significant numbers—the work is too basic.
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If the people who design dishwashers sit at their desks in one building, and the people who sell them to retailers and consumers sit at their desks in another building, and the people who make the dishwashers are in a different country and speak a different language—you never realize that the four screws should disappear, let alone come up with a way they can.
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The Insourcing Boom - Charles Fishman - The Atlantic - 0 views
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The Insourcing Boom
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But in 2011, Appliance Park employed not even a tenth of the people it did in its heyday.
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By 1955, Appliance Park employed 16,000 workers. By the 1960s, the sixth building had been built, the union workforce was turning out 60,000 appliances a week,
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U.S. Textile Plants Return, With Floors Largely Empty of People - NYTimes.com - 0 views
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In 1991, American-made apparel accounted for 56.2 percent of all the clothing bought domestically, according to the American Apparel and Footwear Association. By 2012, it accounted for 2.5 percent. Over all, the American manufacturing sector lost 32 percent of its jobs, 5.8 million of them, between 1990 and 2012, according to Bureau of Labor Statistics data. The textile and apparel subsectors were hit even harder, losing 76.5 percent of their jobs, or 1.2 million.
The iEconomy - Nissan's Move to U.S. Offers Lessons for Tech Industry - NYTimes.com - 0 views
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Along with many economists, Mr. Summers argued that an overly aggressive trade stance could hurt manufacturing — by, for instance, pushing up the price of imported steel used by carmakers — and over time, drive companies away.
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“People will pay more for the product because it’s produced in a place that can’t make it at the lowest cost,” he said. “It burdens exporters because they pay more for their inputs. And it removes the spur of competition.”
The iEconomy - Nissan's Move to U.S. Offers Lessons for Tech Industry - NYTimes.com - 0 views
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Japanese and other foreign companies account for more than 40 percent of cars built in the United States, employing about 95,000 people directly and hundreds of thousands more among parts suppliers.
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The United States gained these jobs through a combination of public and Congressional pressure on Japan, “voluntary” quotas on car exports from Japan and incentives like tax breaks that encouraged Japanese automakers to build factories in America.
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The government could also encourage domestic production of technologies, including display manufacturing and advanced semiconductor fabrication, that would nurture new industries. “Instead, we let those jobs go to Asia, and then the supply chains follow, and then R&D follows, and soon it makes sense to build everything overseas,” he said. “If Apple or Congress wanted to make the valuable parts of the iPhone in America, it wouldn’t be hard.”
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Intel to downsize Costa Rica operations, several media sources report - The Tico Times - 0 views
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Intel to downsize Costa Rica operations, several media sources report
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Intel reportedly plans to move its manufacturing operation to Asia and lay off 1,500 employees, according to “well-placed” sources in the company, reported the newspaper El Financiero.
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Microprocessors are Costa Rica’s primary export. Over 20 percent of Costa Rica’s exports in 2013 were microprocessors, worth some $2.4 billion, according to statistics from the Foreign Trade Ministry (COMEX).
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An iPod Has Global Value. Ask the (Many) Countries That Make It. - New York Times - 0 views
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This value added calculation illustrates the futility of summarizing such a complex manufacturing process by using conventional trade statistics.
The iEconomy: Apple and Technology Manufacturing - NYTimes.com - 0 views
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The iEconomy
Nouriel Roubini maps out the Kremlin's plan for a re-divided world. - Project Syndicate - 0 views
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Russia’s goal is not to create another North American Free Trade Agreement; it is to create another EU, with the Kremlin holding all of the real levers of power.
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And, once members give up their sovereignty over fiscal, banking, and economic affairs, they may eventually need a partial political union to ensure democratic legitimacy.
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But the first step is a customs union, and, in the case of the Eurasian Union, it had to include Ukraine, Russia’s largest neighbor to the west.
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Dmitri Trenin says that only one major country stands to gain from Russia's conflict wi... - 0 views
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Similarly, Russia’s nominal partners in its Eurasian Union project – Armenia, Belarus, Kazakhstan, and Kyrgyzstan – will need to balance carefully between Russia, their nominal “strategic” ally, and the US, which holds the keys to the international political and economic system.CommentsView/Create comment on this paragraph
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As a result of US pressure, the EU will eventually buy less gas and oil from Russia, and the Russians will buy fewer manufactured goods from their neighbors.
Shipping Costs Start to Crimp Globalization - NYTimes.com - 0 views
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The cost of shipping a 40-foot container from Shanghai to the United States has risen to $8,000, compared with $3,000 early in the decade, according to a recent study of transportation costs. Big container ships, the pack mules of the 21st-century economy, have shaved their top speed by nearly 20 percent to save on fuel costs, substantially slowing shipping times.
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Jeffrey E. Garten, the author of “World View: Global Strategies for the New Economy” and a former dean of the Yale School of Management, said that companies “cannot take a risk that the just-in-time system won’t function, because the whole global trading system is based on that notion.” As a result, he said, “they are going to have to have redundancies in the supply chain, like more warehousing and multiple sources of supply and even production.”
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In a more regionalized trading world, economists say, China would probably end up buying more of the iron ore it needs from Australia and less from Brazil, and farming out an even greater proportion of its manufacturing work to places like Vietnam and Thailand.
The Insourcing Boom - Charles Fishman - The Atlantic - 0 views
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The magic is in that head: GE has put a small heat pump up there, and the GeoSpring pulls ambient heat from the air to help heat water. As a result, the GeoSpring uses some 60 percent less electricity than a typical water heater. (You can also control it using your iPhone.)
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The GeoSpring is an innovative product in a mature category
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We really had zero communications into the assembly line there.”
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As Panama Canal Expands, West Coast Ports Scramble to Keep Big Cargo Vessels - NYTimes.com - 0 views
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Making Everything Shipshape
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The ports in Tacoma, Seattle, Oakland, Los Angeles, Long Beach and elsewhere offer much shorter sailing times than Gulf Coast and East Coast ports. But for shippers of some goods, the web of logistics, including trucks and railroads, ends up being less expensive if they go through the Panama Canal.
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While the widened Panama Canal will allow an all-water route for big ships to the East Coast, the project — originally scheduled to open this year — has been plagued with construction delays. And the authorities have yet to announce toll charges for passing ships. In the end, it might be too expensive for some ships to use.
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