US re-shoring policies will force Canada’s economy up the value chain – Financial Post

September 18, 2012

When U.S. machinery manufacturer Caterpillar chose to close its locomotive plant in London, Ont. last February and the 450 jobs within it, the company’s decision was predictably met with a storm of fury from the Canadian Auto Workers union. The CAW and its president Ken Lewenza were angered that the company had chosen to renege […]

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Most Japan Stocks Rise on Utilities; China Limits Gains – Businessweek

September 18, 2012

Most Japanese stocks rose, led by utilities on speculation the nation won’t halt construction of nuclear reactors. Shares of Japanese companies operating in China fell as a political dispute escalated between the two nations, leading to widespread protests. Hokuriku Electric Power Co. (9505), an operator of nuclear power stations, jumped 6.4 percent. Companies including Honda […]

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Japan Stocks Swing From Gains, Losses on Stimulus, China – Bloomberg

September 18, 2012

Japanese stocks swung between gains and losses as exporters were boosted by a weaker yen while automakers slumped amid an escalating political dispute between Japan and China, the world’s biggest car market. Canon Inc. (7751), a camera maker that gets almost 60 percent of its sales in the U.S. and Europe, gained 1.4 percent. Toyota […]

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B/E Aerospace Expansion – WIFR

September 17, 2012

  ROCKFORD (WIFR) — The aerospace industry is getting stronger in the Stateline as a new manufacturing research facility celebrates their grand opening. That flush you hear on airplanes may be possible thanks to B/E Aerospace. It’s a Rockford company that produces waste and water systems. They just opened a 38,000 square foot research facility. […]

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“Re-shoring” trend could benefit transportation – Fleet Owner

September 17, 2012

Rising labor costs overseas as well as growing concerns over supply chain security could help increase efforts to relocate manufacturing operations back to the U.S., according to a new report – a strategy dubbed “re-shoring” that could significantly benefit domestic transportation operators. “For years, the discussion of cost was focused on labor cost and labor […]

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Indian Stocks Climb in Best Run in Five Years on Reforms Boost – Bloomberg

September 17, 2012

India’s benchmark stock index rose for the ninth day, the longest stretch of gains in five years, after the government allowed more foreign investment into the economy and as the central bank unexpectedly reduced the amount of deposits lenders must set aside as reserves. The BSE India Sensitive Index, or Sensex, rose 0.4 percent to […]

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Labor lite – Crain’s Detroit Business

September 17, 2012

At Prism Plastics LLC in Chesterfield Township, a mere three employees per shift work the 26,000-square-foot factory, programming machines and packing boxes. These employees don’t wrench on parts. Their hands are not callused, at least not from their day job. The plastic injection molding supplier produces 500 million parts across its four plants and 28 […]

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Dr Lisa Lang talks about reshoring on WFRNLive.com Working Family Radio Network

September 16, 2012

Dr Lisa Lang was interviewed by Charles Showalter, host of The Union Edge, Labor’s Talk Radio on www.WFRNLive.com on Labor Day September 3, 2012 .  Dr Lisa and Charles discussed reshoring or onshoring of manufacturing work back to the U.S. Listen into this 9 minute interview:  9-3-12_lib_2_DrLisa (<–click to listen) Transcription of Interview: [The Union Edge Interview with Dr. […]

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Going home – Global Times

September 16, 2012

On August 30, 14 South Korean jewelry and accessories companies based in Qingdao, Shandong Province announced they would be moving some of their facilities to South Korea next year. And 36 more South Korean companies are expected to join the move by 2015 if the relocation proves successful. The companies’ departure has added to concerns […]

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Slow rebound may determine whether NC really swung – Charlotte Observer

September 15, 2012

RALEIGH, N.C. In many ways, Keith Fountain’s personal economic odyssey is North Carolina’s. After a decade at Lucent Technologies, Fountain was making $22 an hour working in the company’s warehouse in Concord, northeast of Charlotte, when he was laid off in July 2009. He used a federal retraining grant to go back to community college, […]

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