Though more people may be watching the big game this Sunday – many for the annual ritual of watching the over-the-top commercials – the parties may be scaled back.
With recovery hinging on numerous external factors, chemical industry players are cutting back production, shuttering or idling plants and conducting massive layoffs to stay afloat in the meantime.
Two new reports, one from the U.S. Labor Department and the other from the UN’s International Labour Organization, underscore how the global recession has spared few industries, regions or world economies.
Steel prices have potentially hit bottom after months of production cuts by steelmakers. Analysts are optimistic about recovery, hinging on government-invested infrastructure projects.
Plus: Toyota Becomes World’s Largest Automaker, Chrysler Cuts Costs, Auto-Parts Suppliers Face Bankruptcy, China Growth Slows and MORE.
Plus: Tax Answers, the 56th Presidential Inauguration in LEGO Bricks, Young Inventors (using Bubble Wrap) and Underwater Ironing.
There are a number of basic ways that small businesses and others can secure cost savings that go directly to their bottom line rather than the phone company’s, according to IMT contributor Nathan Watkins.
| Expert’s Corner |
| Washington on Manufacturing Issues: Lots of Talking, But No Real Progress |
Midway through 2013, little progress has been made in Washington to address the nation’s immediate economic challenges. What looked like a promising year in January is looking less so six months later. (more…)
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Midway through 2013, little progress has been made in Washington to address the nation’s immediate economic challenges. What looked like a promising year in January is looking less so six months later. (more…)


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