Closure of Indiana manufacturing plants blamed on too many regulations but the move to Mexico will save only a fraction – who’s right?
(BigGovernment.news) State officials in Indiana were told the closure of two heating and air conditioning plants, with the jobs being shipped to Mexico, will save the company $65 million a year, or just over 0.1 percent of annual revenues. The announced closure of the two United Technologies Corps. plants, in Indianapolis and Huntington, has become a Read More
Biggest slowdown in Chinese manufacturing in 6yrs
China’s production activity is showing further signs of a slowdown, with its key indicator, the Purchasing Managers Index (PMI) at its lowest point since March 2009. The outlook from Caixin and Markit, published on Friday, shows the index fell to 47.1 from 47.8 in July. The 50 mark separates expansion from contraction, and the last time Read More
