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Tag: Economy: Page 17

August construction numbers up…maybe

Industry watchers were mildly surprised to see a 0.8 percent increase in the dollars spend on construction in August–this from figures released today by the Department of Commerce. Just keep in mind that the margin of error on these reports is plus/minus 1.8 percent, which means construction dollars could have risen 2.6 percent or fell […]

January 11, 2010

Manufacturing heats up

maufacturing, housing, mortgages, economy

January 11, 2010

Terex CEO turns down $1.17 mil bonus and cuts own salary 10 percent

Terex Corp Chief Executive Ron DeFeo has reduced his salary by 10 percent and declined a $1.17 million annual bonus, ARI-C News reports. DeFeo believes he should lead by example and share some of the economic burden the company and industry is presently facing, the news organizations reports. Base salaries for other Terex executives are […]

January 11, 2010

Green technology pounded by recession

There is a certain cadre in the environmental movement that would like nothing better than for the whole industrial world to plunge back into the 19th Century, where everyone farmed with mules and lit their homes with whale oil lamps. So it’s ironic that the current recession, rather than driving us backwards into a more […]

January 11, 2010

Cities where the jobs are

Texas nails it, thanks to the energy sector. California and Florida have plenty of energy resources too, but environmentalists won’t allow them to drill and boy does it show in the economic statistics. Interestingly, cities in states that vote Democrat were almost totally absent from the list.

January 11, 2010

Green jobs–mostly a sham

If it were Rush Limbaugh saying this, that would be one thing. But this is a distinguished group of researchers from the University of Illinois College of Law. You have to subscribe to the journal or buy a hard copy of the full report, but the abstract is pretty damming just by itself. Highlights:

January 10, 2010

Construction Equipment

Michigan DOT to cut 137 road projects

So much for the stimulus bill. Here is a perfect example of why the American Recovery and Reinvestment Act of 2009 is largely useless in the face of so many other government mandated economic sanctions. A declining economy and gas tax revenues have forced Michigan to cancel $740 million in road and bridge work. The state […]

January 10, 2010

$1 a gallon gas next year?

That’s what the CEO of Gulf OIl is predicting.

January 10, 2010

Construction Equipment

Bidding aggressive on state funded projects

It’s a low-ball world out there if you’re thinking about bidding on state jobs. As you might expect with construction unemployment hovering near 20 percent, the number of bidders has increased and the bids are lower than many agencies anticipated. This Washington Post article details the bid environment on the East Coast. Last week we reported […]

January 10, 2010

Construction Equipment

AGC: Stimulus will fund 650K construction jobs, 300K for materials and equipment

The economic stimulus is supposedly set to fund 650,000 construction jobs and another 300,000 in materials and equipment supply, according to the Associated General Contractors of America (AGC). That’s great news. But at least 1.8 million construction workers are currently jobless and unemployment in the industry had reached 19.2 percent as of January 2009, according […]

January 10, 2010

China bails out its small businesses

Here in the U.S. we seem to want to bail out our giant corporations. The Chinese think differently. Do they know something we don’t?

January 7, 2010

Financial crisis explained….

By the Chinese. When our elected officials in Washington reach this level of candor, it will be a glorious day. This quote, from an interview in The Atlantic sums it up well: “Thirty years ago, the leverage of the investment banks was like 4-to-1, 5-to-1. Today, it’s 30-to-1. This is not just a change of numbers. This […]

January 7, 2010

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