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ASA Home   Membership   Education   Advocacy   Networking   Benchmarking July 14, 2011
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CFO Networking Council Members Wanted
American Supply Association    Share   Share on FacebookTwitterShare on LinkedinE-mail article
ASA's Networking Councils are designed to put member company employees in touch with others from around the industry who hold the same job function and who experience similar challenges and successes. This professional peer network is an invaluable member resource. Networking Council meetings are designed to focus on high priority issues. The newly formed CFO Networking Council will be meeting Sept. 15 at NetworkASA 2011, and currently is welcoming participation from interested participants. Please click here for a letter of invitation from Domenic Messina, CFO of Peabody Supply Co. Inc.

I.V. Introduces New Butterfly and Ball Valve

Industrial Valco, long known for representing the top manufacturers of industrial valves and fittings has now expanded its product offering to include its own brand of "IV" valves. In the tradition of "only the best" the "IV" butterfly valve comes standard with D/I body & 316SS disc, free of external pins.

Fox News' Chris Wallace to be Featured at NetworkASA 2011
American Supply Association    Share    Share on FacebookTwitterShare on LinkedinE-mail
The featured speaker for NetworkASA 2011's A.O. Smith Future Trends Luncheon, to be held at 12:30 p.m. Sept. 15, is Fox News' Chris Wallace. Wallace is a veteran broadcast journalist and host of Fox News Sunday with Chris Wallace, the network's Sunday morning public affairs program. Prior to Fox, Wallace worked at ABC News for 15 years, where he served as the chief correspondent for Primetime Thursday and as a substitute host for Nightline. Before ABC News, Wallace served as chief White House correspondent with NBC News from 1982-1989. In 2004, Wallace wrote Character: Profiles in Presidential Courage, widely touted as an informative study of American presidential leadership. During the A.O. Smith Future Trends Luncheon, Wallace will discuss what the future holds for our industry, for public policy and for your business. For a full lineup of NetworkASA 2011 speakers, a schedule of events and online registration info, click here.

Join the Fight Against the Employer Mandate
American Supply Association    Share    Share on FacebookTwitterShare on LinkedinE-mail article
ASA continues to work with business groups in Washington to push members of Congress to cosponsor H.R. 1744, the bill that would repeal the one-size-fits-all Employer Mandate in the Affordable Care Act. Starting in 2014, a business with 50 or more full-time "equivalent" employees must provide employer-sponsored health insurance or pay large fines (about $2,000 per employee). According to the mandate, health insurance must be government-approved. This includes coverage of a broad range of benefits chosen by Washington bureaucrats, but paid for by employers. More

LIFO Coalition Continues Battle
The New York Times    Share    Share on FacebookTwitterShare on LinkedinE-mail article
One of the biggest revenue-raisers proposed by President Barack Obama in negotiations with Congress is what he describes as an arcane change in the tax treatment of business inventories — things like steel, groceries and oil. But however complex the details, the effect of the change would be substantial, and in pushing for it Obama has kicked a hornet's nest. Lobbyists from companies of all sizes are swarming around Congress to kill the proposal, which would prohibit the use of an accounting technique known as last in, first out, or LIFO. The technique is used to determine the cost of goods sold, and therefore the income earned, by a company. More

Rockefeller Introduces Advanced Manufacturing Bill
IndustryWeek    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Sen. Jay Rockefeller is the latest Washington politician to push "advanced manufacturing" as a national priority. The West Virginia Democrat introduced a bill in Senate on July 8 to train workers in new and emerging manufacturing fields. Rockefeller's High-Tech Job Opportunities Between our Shores Act, or High-Tech JOBS Act, would create pilot programs for educational institutions and workforce investment boards to partner with manufacturers and train workers for advanced-manufacturing careers. Programs under the JOBS Act would be required to target communities with existing or expected advanced-manufacturing growth; provide transferable manufacturing credentials and give priority to jobless, dislocated or incumbent manufacturing workers. More

Base Metals: NY Copper Slides As Jobs Report Hits Demand View
Dow Jones Newswires    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Copper futures slid July 8 after data showed the U.S. labor market remains weak, weighing on the economic outlook for the world's second-largest consumer of the industrial metal. The most actively traded contract, for September delivery, recently traded 4.4 cents, or 1 percent, lower, at $4.398 a pound on the Comex division of the New York Mercantile Exchange. A Labor Department report July 8 showed the U.S. economy added 18,000 jobs last month, well short of the expected increase of 125,000. The unemployment rate, calculated from a separate household survey, rose for a third straight month, to 9.2 percent. Copper is sensitive to the economic outlook because of its widespread uses in manufacturing and construction. More

Manufacturing Energy Efficiency: A DOE Target
EarthTechling    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Susan DeFreitas writes, "A whole lot of energy is currently being lost due to inefficient manufacturing processes in the U.S. President Obama would apparently like to change that, as he recently announced a new program through the U.S. Department of Energy designed to develop transformational manufacturing technologies and innovative materials that could give industrial facilities the power to dramatically increase their energy efficiency. This new Advanced Manufacturing Partnership will make up to $120 million in DOE funding available over three years to projects from the very earliest stages to those nearing completion." More

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