Archive for May 9th, 2013

The New York City Council has approved a bill that will require small businesses with 20 or more employees to offer sick-leave days. The legislation, set to take effect April 1, 2014, comes after several years of opposition, as some business leaders and politicians argue that such a measure is a potential threat to business.
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Credit: USDAgov

New research shows that the U.S. has now matched Mexico as an attractive location for manufacturing in terms of labor and operational costs, and will match China in desirability by 2015, which will vastly accelerate reshoring. Read more

Fracking 101. Credit: Halliburton.

Fracking 101. Credit: Halliburton.

Fracking allows us to extract untold riches of previously unrecoverable natural gas and oil, which is lowering their prices and reducing the cost of things that use natural gas in production. Opponents of the procedure say there are serious environmental concerns, particularly with the materials used, which could seep into the groundwater or bubble up to the surface, contaminating the ground.

Hydraulic fracking shoots a highly pressurized mixture of water and sand or ceramics into an oil or gas reservoir several thousand feet below the surface of the earth, “often with the help of a small percentage of additives that aid in delivering that solution down the hatch,” explains Halliburton, which drilled the first fracked well in the 1940s, on its website. Read more

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