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World trade to grow 9.5% in 2010
IndustryWeek    Share   Share on FacebookTwitterShare on LinkedinE-mail article
The head of the World Trade Organization Pascal Lamy, said that "our economists are forecasting a world trade growth for 2010 of 9.5 percent with developing countries' trade growing 11 percent and industrialized countries' trade growing by 7.5 percent. This means that trade-wise, there is light at the end of the tunnel and it's certainly a good forecast, good news for the world economy." More



Tax incentives aim to spur small biz manufacturers
IndustryWeek    Share    Share on FacebookTwitterShare on LinkedinE-mail article
New federal tax incentives for hiring workers, along with recent revisions in tax benefits to the federal economic stimulus package, are designed to strengthen America's small- and medium-size businesses. President Obama signed the Hiring Incentives to Restore Employment Act on March 18, giving smaller businesses $18.6 billion in tax provisions, including $13 billion in tax breaks for hiring and retaining qualified workers. More

European economy rebounds from relapse
Bloomberg    Share    Share on
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Europe's services and manufacturing industries grew at the fastest pace since 2007 and German business confidence jumped as the economy rebounded from a fourth-quarter relapse. The euro-region recovery is gathering strength after coming to a near-halt in the fourth quarter as manufacturers boost production to meet reviving export orders. More

ERCOT using new forecasting tool to prepare for wind variabilities
The National Association of Manufacturers    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Informed investment and business planning decisions require timely analysis of key government economic data. And an accurate view of the state of manufacturing is essential for policymakers to make informed and supportive decisions that promote the competitiveness of American manufacturers. The NAM's chief economist David Huether breaks down complex data into straightforward, usable nuggets of information. More

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EPA to seek more data on emissions
The New York Times    Share    Share on FacebookTwitterShare on
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The Environmental Protection Agency has proposed adding the oil and gas sector and facilities that inject carbon dioxide into the ground to the greenhouse gas sources that are required to report their annual emissions to the government. The agency already requires 31 industries, representing 85 percent of the annual production of climate-altering gases in the country, to track and report emissions. More

U.S. steel executives press Congress on China yuan
Reuters    Share    Share on FacebookTwitterShare on LinkedinE-mail article
U.S. steel executives urged Congress to get tough with Beijing on trade, while a Chinese official pressed President Barack Obama's administration not to label his country a "currency manipulator" with an undervalued yuan. "We are in a trade war. We just haven't shown up for it," Dan DiMicco, chief executive officer of Nucor Corp, told the Congressional Steel Caucus during a hearing rife with U.S. industry complaints about China. More

Doubling wind power
BiofuelsWatch    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Wind Harvest International, a company dedicated to efficient power production via wind farm development, has recently established a new developmental procedure that could potentially double the standard power output currently being produced by most wind farms. By staggering a one kilowatt vertical axis wind turbine between two horizontal axis wind turbines they have been able to effectively provide more power for less investment than was previously seen as possible under standard conditions. More

CEC approves agreement for clean energy loans
North American Windpower    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The California Energy Commission has approved an agreement with the California Business, Transportation, and Housing Agency that will soon make more than $30 million available to eligible California manufacturing businesses. Under the Clean Energy Business Financing Program, manufacturers will have the opportunity to apply for low-interest loans using American Recovery and Reinvestment Act State Energy Program funds to help broaden the state's manufacturing base. More

Eclipse production to resume, Holland says
Aviation Week    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Production of the Eclipse EA-500 jet will resume, Eclipse Aerospace CEO Mason Holland promised Aviation Week March 23, but he declined to say exactly when that will occur or at what rate. Rather, he says, formal announcements about the very light jet program will be coming soon and should clarify things further. More
 
 
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