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Business & Industry

Grim Outlook for Steel Buyers

A number of experts have recently declared that, because steel production has not kept up with demand, steel is in short supply and will continue to drive up prices for quite some time. Steel prices continue to remain high in the international markets. And they haven't even peaked, many experts are warning. The price of steel-making raw materials such as iron ore, coal and scrap metal will...

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Business & Industry

The State of the Summer Schedule

Current gas prices are prompting a number of workplaces to revisit flexible workweeks during the summer. Who doesn't love a long weekend? For many workers, particularly at universities, nonprofit organizations and government agencies, summertime means long weekends that begin after lunch on Friday. For the rest, summer hours remain a relatively rare perk from their employers. . . However, a...

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Business & Industry

Summer Science Camps

School is out, which means plenty of free time for kids. One way to get them away from the TV is a summer science camp, where they can have fun and maybe spark an interest in engineering. Children in this country have been shipped off to sleep-away camps since the late 19th century. Summer camp has changed a lot since then, and even more so over the past couple decades. In the past, kids were...

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Business & Industry

Make or Buy Hot Talent?

Employers are realizing how hard it is to attract and retain the best employees. Now they're reassessing their options: promote from within or hire from outside. The far-sweeping impact of globalization has wrought myriad uncertainties for the modern organization. Today, no matter the industry, there are so many unknowns - not the least of which is the firm's unpredictable talent demand. Because...

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Business & Industry

Why (and How) to Vacation

With each passing year, more working professionals are seeing something that used to be an entitlement - vacation time - as an increasingly unavailable luxury. Employees in Great Britain get an average of 26 vacation days per year. In Germany, workers get 27 days. In Spain, 31 days, and in France, a whopping 37 days of time off. The United States: 14 days of vacation each year. Not only do...

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Business & Industry

Beach Reading for Business

IMT contributor Brian Lane provides a roundup of new books that promise to offer a balanced amount of invaluable ideas and geeky fluff. Whether you're parked at home on a staycation due to high gas prices or one of the lucky few who get to jet-set to some tropical destination this summer, you're bound to have some time to crack open a book. Wherever you are, it may be worthwhile to engage in some...

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Business & Industry

Concentrated Declines in U.S. Jobs Continue

Jobs in the construction industry have been hit hard recently by a lengthy slump in the housing market. They're not the only ones. The United States economy shed 62,000 non-farm jobs in June while the unemployment rate unexpectedly remained at a four-year high of 5.5 percent, the U.S. Department of Labor reported last week. The number of job losses in June was particularly high in the...

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Business & Industry

Weekly Industry Crib Sheet: The Chinese Currency Saga Continues. . .

... No Joy in June Jobs, British and German Manufacturing Output, the World's First Global Union and MORE. The Currency Blame Game Continues Last week, United States lawmakers said they would maintain a bid to impose sanctions on China over its allegedly undervalued yuan currency. Four senior senators who have crafted legislation against China and other nations that allegedly manipulate their...

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Business & Industry

Flags and Franks: Independence Day by the Numbers

This Friday commemorates the day when, in 1776, the Continental Congress approved the Declaration of Independence, setting the 13 colonies on the road to freedom as a sovereign nation. As always across the U.S., this most American of holidays will be marked by family and friends, fireworks and flags and, in a relatively new development, unfavorable food and fuel prices. In July 1776, there were...

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Business & Industry

2008 Priorities in Global Trade Compliance

A new study shows how global trade compliance is now being transformed from a back-office function to the focus area of strategic corporate-wide initiatives. The report highlights key challenges, improvement strategies, capabilities and technologies used to support global trade compliance processes. Economic globalization and the growth of trade volumes worldwide continue to drive increased focus...

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