The U.S. Trade Deficit Rose in January to the Highest Level Since 2008

Trade deficit

One of major promises which the United States president Donald Trump made when he was elected president was that he would reduce the country’s trade deficit with other countries. However, the data released by the United States commerce department shows that the US trade deficit in January 2018 has reached the highest monthly level since …

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The Impact of Inflation: Inventory and Capital Planning

Inflation

Understanding inflation is vital to managing your financial and material resources.  Inflation directly impacts financial decision making and cash flows because interest rates are directly affected by inflation.  Inflation is the rate at which the general level of prices for goods and services is rising. The first phase of inflation is expansion, that’s when growth …

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How 3D Printing Education in Schools is Closing the Skills Gap




STEm Education

One of the reasons certain countries around the world are leaders in technology is because of the focus on STEM education and understanding how skills in engineering, mathematics, science and technology are important for innovation and growth of businesses and the economy. Internet usage changed the way students are taught worldwide with educators ensuring that …

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World's Most Powerful Wind Turbine Haliade-X from General Electric

GE Wind Turbine

Wind power is one of most attractive sources of renewable energy and General Electric Renewable Energy is one of the leading companies in the renewable energy sector, providing wind, solar, and hydro power generation services. GE Renewable Energy recently announced the launch of what it claims is the most powerful Wind Turbine in the world: …

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US Factories Growing at the Fastest Pace in Nearly 14 Years

MFG Growing in US

Factory data shows that United States manufacturing has grown at the fastest rate in 14 years in February 2018, indicating a boom in the economy. The trade group, Institute for Supply Management (“ISM”) which surveys purchase managers in factories and the manufacturing sector has indicated that the manufacturing index for February 2018 has increased to …

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Trump On Trade: “Trade Wars Are Good”, But For Who?

President Donald Trump continues to stand by his decision to implement tariffs on steel and aluminum goods. The proposed measure would put a 25% tariff on imported steel and 10% on aluminum products. Currently, the U.S. imports around four times as much steel as it exports and this supply network is connected to more than …

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New Jersey Manufacturing Extension Program to hold Second Annual NJ State-of-the-State Manufacturing Event

Cedar Knolls, New Jersey – March 1, 2018 – New Jersey Manufacturing Extension Program (NJMEP) announced that it is holding its second annual NJ State-of-the-State Manufacturing event to be attended by New Jersey’s leading manufacturing business executives, STEM Firms and elected state officials. The NJ State-of-the-State Manufacturing Event will be held in two locations: in …

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4 Reasons To Consider A Career In Manufacturing

Manufacturing might conjure up images of a dimly lit factory covered in a layer of dust as overworked employees handle dangerous equipment and machines. However, the public may not be aware of how far the industry has come. Manufacturers are investing in the latest technology and focusing on the needs of their employers to not …

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Volkswagen Group Develops System to Make Industrial Robots Safer

The Volkswagen group developed an ingenious solution to create safer manufacturing facilities. The company released information on a system that allows humans to work with robots without a safety barrier between the human and the machine. This was made possible with the help of a laser safety scanner which can reliably detect any movements of …

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Air Force One Negotiations Continue: Cost Still a Concern

Negotiations surrounding the new multibillion-dollar contract for two new Air Force One airplanes took a step forward last week. President Trump met with Boeing CEO Dennis Muilenburg at the White House on Tuesday, February 20th to help the stagnant negotiations between the Air Force and aerospace manufacturer progress. Back in 2016, now President Trump took …

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