How America Can Steal Manufacturing Back from Foxconn (Really)
When it comes to manufacturing, China is the new America, meaning America might be the new China?
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Bust out the stars and stripes, crack open a Pabst and get patriotic because Google Glass, the augmented reality nerd accessory of the future, will be reportedly made in America — by Foxconn.
When it comes to manufacturing, China is the new America, meaning America might be the new China?
A summary of the best reads found behind the paywall of The New York Times.
American Apparel could lose the one thing that lets us forgive it for usually being so icky. In an L.A. Times article, Dov Charney conceded the company might have to move its manufacturing operations overseas.
Here's something no one wants to hear: The orders for durable goods in March experienced the biggest drop in three years, which halts the momentum in the manufacturing sector--a leading source of jobs since the recession ended.
A year ago, we probably would've been excited about new reports that the Foxconn is starting to manufacture the new teardrop-shaped iPhone for a midsummer launch, but now we just feel weird about the whole thing.
In his State of the Union address, President Obama talked a lot about bringing back American jobs as well as American ingenuity as represented by Steve Jobs. But talking about them together somehow seems oxymoronic.
In a bit of conflicting economic news, national jobless claims climbed unexpectedly last week even as positive growth reports came from two economic sectors.
A new round of data from the federal government on Wednesday showed jobless claims went up a little bit for the week, with 2,000 more people applying for unemployment for a seasonally adjusted 393,000 while consumer spending rose 0.1 percent in October, which was less than the 0.7 percent gain in September.
Factory activity is down worldwide, and that's not a good sign
Stocks opened high today, but quickly fell off on a bad manufacturing report
At UNICOR, prisoners build everything, for everyone, in every field
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