Business & Industry

China Trade Gap's Impact on American Jobs

The increasing U.S. trade deficit with China resulted in the loss of 2.3 million American jobs between 2001 and 2007, including 366,000 last year, according to a new study by the Economic Policy Institute. Manufacturing lost 200,000 scientist and engineer jobs, a 10.7 percent drop. The United States' increasing trade deficit with China resulted in a loss of 2.3 million American jobs between 2001...

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Business & Industry

Manufacturers to Compete in the 2008 Summer Games

With the 2008 Olympic Games around the corner, manufacturers are making sure their products also have what it takes to compete. Consumer Goods Technology recently published an interesting feature that discusses how companies like Coca-Cola, Hershey, Nike and Ralph Lauren are turning their red, white and blue into green. The Coca-Cola Company, a sponsor of the Olympics for 80 years, is producing...

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Business & Industry

Pay Raises Remain Steady as Economy Drops

A new survey finds U.S. employers keeping pay raises steady for the coming year. Of course, it's probably too soon for American workers to rejoice. Despite the economic downturn, most employers in the United States still plan to hand out decent pay raises next year, according to a new survey by global consulting firm Watson Wyatt Worldwide. The survey, which will be published later this year,...

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Business & Industry

Weekly Industry Crib Sheet: Housing Bailout Awaits President's Signature...

...Plus a whole lot more this week, including Metals Production and Shipments, U.S. and UK Factory Orders, Global Automobile and Aircraft Sales, Railroad Earnings and MORE. Fannie and Freddie Get Boost from Senate Congress sent President George W. Bush legislation on Saturday designed to help homeowners avoid foreclosure, spur home buying and prop up struggling mortgage giants Fannie Mae and...

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Business & Industry

Light Friday: The Upside of High Gas Prices and Celebrating 40 Years of the Cubicle...

...Plus the Space Elevator Conference, Futuristic Windshields and MORE. The Cubicle Celebrates its 40th The soulless, misunderstood cubicle is celebrating its 40th birthday this month, according to the Kansas City Star (via CareerBuilder.com). Will you be celebrating? An Umbrella for the 21st Century It's been pretty rainy around here lately. Here's one possible solution: A hands-free umbrella...

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Business & Industry

Overhyped Nanotech Set to Fulfill Potential

We've all heard the hype and the incredible predictions over the past decade, but some high-profile failures have left manufacturers and investors skeptical of nanotechnology. A new report now contends that the growth of nanotech is turning the once-overhyped industry into reality. Nanotechnology now typically refers to any science or tech-engineering projects that relate to or focus on...

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Business & Industry

China's Machine Tool Industry Coming of Age

China's machine tool industry seems to be coming of age globally, driven in large part by the country's rapidly rising machine tool investment, output and export. In recent years, China's machine tool industry has played an increasingly crucial role in the world machine tool industry. Last month, China became a net exporter of machine tools. In 2007, China's machine tool exports topped 5 billion...

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Business & Industry

Sweepstakes Science: Prizes for Breakthroughs

The prize-inspired breakthrough is a concept that goes back hundreds of years. Yet this notion of using prize money to spur innovation has become a particularly booming trend in recent years. In 2007, Hillary Clinton and John Edwards, among others, each suggested prize systems for medical and environmental inventions. Last month, presumptive Republican presidential candidate John McCain called...

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Business & Industry

Transportation: Did You Know?

Ever wondered when the first auto race was? Wish you had your own submarine? Here IMT contributor Susannah Nevison offers some offbeat auto facts and a few just-for-fun vehicles. While the following transportation-related innovations may not provide clues to what lies ahead for getting from point A to point B - they sure would be fun to test-drive. Submersible Car Who doesn't dream of driving one...

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Business & Industry

Whatever Happened to. . . ?

In what could be called The Future of the Past, IMT contributor Brian Lane looks into the future that never was and asks, Whatever happened to all the cool stuff promised to us? Growing up, TV, movies and comics, not to mention credentialed scientists, were always telling us that the latest innovations were just around the corner - by the year 2000 we would be living on the Moon, relaxing while...

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