Posts Tagged ‘unemployment’

Cost-cutting here to stay

July 26th, 2010
By: Tim Heston

“Caterpillar flaunts its muscle.”

You’ve got to admit, that’s a great headline. After reading the story in Friday’s Wall Street Journal, I thought back to a blog I wrote while sitting in the Las Vegas expo center’s coffee shop (which happened to have good Internet access), about 200 yards away from the hall where Jim Waters, a Caterpillar executive, gave the keynote address for FABTECH 2008. Here’s what I wrote.

We all seemed to be in denial back then. At least I was. I walked the floor for several days asking attendees how business was. Most (at least those outside the automotive sector) said business wasn’t too bad at all. The banking crisis was scary, but backlogs were still there. At the time things looked dandy.

Well, we all know how dandy it looked several months later.

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Is this the best we can do?

June 30th, 2010
By: Vicki Bell

Smartass, Big Ass, dumbass ...

Let me begin by saying that the opinion expressed here is solely mine and not to be interpreted as that of my employer and my co-workers or the editorial position of the publications we produce. It's my take on the caliber of some of the elected officials in our country. I listen to their speeches, observe their behavior, and have to wonder if they truly are the best we can do in terms of electing those who hold the well-being of our country in their hands. (more...)

President Obama and the Stamping Press

June 8th, 2010
By: Tim Heston

Business owners in the metal fabrication industry are getting to be old hands at hosting top dogs from Washington on both sides of the political aisle. Several years ago President Bush visited Fox Valley Metal-Tech in Green Bay, Wis., and gave a speech. Last year Vice President Joe Biden visited Impulse Manufacturing near the North Georgia Mountains and made a speech. Then last month President Obama visited Industrial Support Inc., a contract metal fabricator and stamper in Buffalo, N.Y.—and, yes, made a speech. It was great watching the president talk with a 45-ton Niagara stamping press just behind him.

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The green fields of America

March 17th, 2010
By: Vicki Bell

As I write this, it's March 17 -- St. Patrick's Day - - and as a member of the Irish diaspora, I'm wearing green and playing the CD Murphy's Irish Pub as I work. This is the one day of the year that I immerse myself in my ancestry.

I’m an American first and foremost, but who I am as an individual stems largely from my Irish ancestors, who emigrated to the U.S. from Ireland in the 1700s. They left Ireland for many reasons, including survival during the Potato Famine. They saw not only an opportunity for survival, but also for prosperity in America, as evidenced by these lyrics from an Irish ballad, “The Green Fields of America”: (more...)

Investor and consumer versus the citizen

February 23rd, 2010
By: Tim Heston

Dennis Rider’s career path changed directions recently, as reported by The Grand Rapids Press. After 27 years as a roll forming and laser cutting machine operator, he was let go in 2007. After spending serious time job hunting, Rider decided to retrain as an auto mechanic. He told the newspaper that he likes his job a lot; he was a serious car tinkerer in his youth, after all. He does miss the money, though. Today he makes about half what he made at his former position, factoring in all the night-shift and overtime work he had operating metal fabricating machinery.

You read right: He now makes half of what he used to make, and he put himself through two years of school to get that smaller paycheck. Note that this isn’t your stereotypical, relatively unskilled assembly person. This person was trained in metal fabrication technology.

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The dangers of hiring on the cheap

February 2nd, 2010
By: Tim Heston

Despite the drama at Toyota (talk about the risk of standardized parts) and the political sideshows in Washington, on the main stage of American life, something’s happening. Business is decidedly better.

As Chris Kuehl, economist for the Fabricators & Manufacturers Association, put it in a Feb. 1 newsletter, “The latest GDP numbers are the best they have been in over a year and a half and suggest that a recession is in clear retreat.” Alright! It’s time to start hiring again, right?

Not so fast.

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