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Tag: Economy

Building a Made-in-America Economy

Building a Made-in-America Economy

This piece was originally published in the March 2017 issue of electroindustry. Senator Tammy Baldwin (D-WI) In order for us to create an economy built to last, we need to make strong federal investments in a 21st-century American infrastructure network that puts people to work and allows businesses to move their goods to market. President Trump has pledged to put forward…

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Strong Dollar Sinks Electroindustry Equipment Shipments in 2016

Strong Dollar Sinks Electroindustry Equipment Shipments in 2016

This piece was originally published in the March 2017 issue of electroindustry. Donald R. Leavens, PhD, Vice President and Chief Economist, NEMA/BIS Electroindustry equipment shipments, broadly measured and seasonally adjusted, grew 0.9 percent in December after sliding one percent in November. A strong 2.2 percent gain in battery shipments in December was sufficient to offset a 0.4 percent decline in electric…

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Examine the Economy with Industry Expert

Examine the Economy with Industry Expert

Join us at the NEMA 90th Annual Membership Meeting November 16 and 17 in Cleveland, Ohio, when we delve into economic indicators and the economic outlook for 2017 with NEMA Chief Economist Don Leavens, PhD. Below is an excerpt of what you can expect. Listen to the full interview here. Q:         The U.S. economic expansion celebrated its seventh anniversary in…

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Let’s Get Real

Let’s Get Real

Why is Congress finding it difficult to pass legislation that helps U.S. business export to developing countries, supports U.S. jobs, and sends money to the U.S. Treasury? The subject is the U.S. Export-Import Bank, which for eight decades has helped U.S. exporters “get paid” but which may be in its last days due to a persistent echo-chamber of falsehoods and…

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Might Seem Crazy…

Might Seem Crazy…

World Trade Week (May 19-24) should be a time to sit at the kitchen table and contemplate the importance of international trade for your company, your industry and you. It should also be a time to educate others about what you find out. For example, Where does that key component for your product come from (and what happens if it…

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Voices on Trade

Voices on Trade

President Obama's point man on trade, U.S. Trade Representative Michael Froman (@MikeFroman), met recently with the NEMA Board of Governors. Why? I venture a guess that it's because they care about trade and access to international markets. If I'm right, it turns out they are in good company.    Recent polling commissioned by the Business Roundtable (BRT) found that 82 percent of Americans support…

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Competitiveness is the Best "Protection" for Jobs

Competitiveness is the Best "Protection" for Jobs

U.S. electroindustry companies sell billions of dollars of equipment outside the U.S. each year. These companies employ many thousands of workers here in the U.S., workers whose employment depends on the ability of their company “teams” to innovate, make sales, and satisfy their customers. With most of the world’s people (95 percent) and supporting infrastructure outside the U.S., it makes…

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Moving Forward on Minerals

Moving Forward on Minerals

Yesterday the U.S. House of Representatives passed, for the second year in a row, a bill to streamline federal laws to facilitate projects to extract critical minerals from the Earth's crust. What makes these minerals critical, you ask? Many minerals, including but not limited to so-called "rare earth elements", are critical inputs for NEMA member companies. For many of these inputs,…

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Jobs, Jobs, Who’s Got the Jobs?

Jobs, Jobs, Who’s Got the Jobs?

As Congress prepares to return from its summer recess and President Obama rolls up his sleeves after a vacation in Martha's Vineyard, there is one question on people's minds. What are they going to do about JOBS? Without a doubt, Americans remain very concerned about the nation's current economic conditions and jobs (or lack thereof). And they are looking to…

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Bipartisanship to Upgrade our Infrastructure?

Bipartisanship to Upgrade our Infrastructure?

This week, Senators Kerry, Warner, Hutchison, and Graham came together to announce their proposal to rebuild America’s infrastructure.  The Building and Upgrading Infrastructure for Long-Term Development (BUILD) Act, S. 652, would establish an American Infrastructure Financing Authority – a type of infrastructure bank that would provide loans and loan guarantees.  Transportation, Water, and Energy infrastructure projects greater than $100 million…

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