One thing is for certain about climate change, to borrow the words of the title of the new book written by author, journalist and activist Naomi Klein: it changes everything. Just about a month before her book came out though, so too did another one singing a similar tune: Carbon Shock: A Tale of Risk and Calculus on the Front Lines of the Disrupted Global Economy, authored by investigative journalist Mark Schapiro.
|By: Steve Horn Saturday September 20, 2014 1:59 pm|
|By: Dave Johnson Sunday October 27, 2013 1:59 pm|
A country “makes a living” in the larger world economy by making (or growing) things and selling them to other countries. Other countries see making things to sell in the world to be a national priority and so they set up policies to help their companies and industries be more competitive. We don’t. We used to, but now we just don’t. Instead, our currently-dominant “you are on your own” ideology forces our companies and industries to compete on their own against the resources of entire countries. That is one of the main reasons our economy is having such a hard time. A good measure of just how badly we are losing in this world trade competition is our enormous, humongous trade deficit. Every dollar of that trade deficit is a dollar drained from our economy, and from job-creation and from wages.
Right now it is difficult but not impossible to make things in America.
|By: Michelle Chen Thursday May 16, 2013 6:00 pm|
With a workforce of more than one million, the electronics giant Foxconn has enough workers in its Chinese factories to fill a small country. So it’s fitting that the company has vowed to make its manufacturing kingdom a bit more democratic by encouraging union elections.
|By: DSWright Wednesday March 27, 2013 8:00 pm|
The story of robotics replacing workers in manufacturing is nothing new but now it seems that robots are moving into the once unthinkable sector of service jobs. The kind of work some previously thought only humans could do.
|By: cocktailhag Thursday January 31, 2013 8:00 pm|
Back in the 90′s, I spent a summer in Seattle working on a project with a former Boeing engineer, and I remember being astonished (and a little alarmed) when he told me about working on the 747 line. “That plane’s been in production for over twenty years, and there are still hundreds of parts that don’t fit together,” he told me, “The guys on the line know exactly where you have to re-drill a hole or just bang the thing together with a mallet.” We were remodeling a house at the time, so I could sympathize, but with a key difference: houses don’t have to fly through the air with hundreds of passengers (and screaming babies) on board.
|By: David Dayen Tuesday November 20, 2012 7:33 am|
Morgan Stanley continues to predict a weak 1.4% growth for the US in 2013. I assume some of this pessimism has to do with the potential for a nasty fiscal slope. But this forecast mirrors their previous forecast in September, so nothing has changed in their analysis in the two months where policymakers crept closer to the slope. In other words, there’s something more structural at work. You can see that in the sharp pullback in investment at the corporate level
|By: David Dayen Wednesday October 17, 2012 5:00 pm|
A few more comments on last night’s debate.
|By: David Dayen Sunday October 14, 2012 8:35 am|
The Commerce Department imposed slightly lower but still robust tariffs on Chinese solar panels, alleging that subsidies undercut US prices and violate international trade laws.
|By: ThirdandState Saturday September 22, 2012 5:00 pm|
Governor Tom Corbett’s administration has a new summary of Pennsylvania’s recent job performance. Today’s news that Pennsylvania’s unemployment rate is as high as the national unemployment rate underscores, however, that the state’s recent jobs record is not good. Let’s take a closer look.
|By: David Dayen Monday September 17, 2012 10:00 am|
The war of words between China and Japan over a chain of uninhabited islands has the potential to escalate in disturbing ways, and destabilize a region that is central to the world’s economic performance.