“as of May 2024, there were around 600,000 open positions in manufacturing (there’s almost 500,000 open today, according to the St. Louis Federal Reserve), so there isn’t exactly a shortage of roles out there. Instead, there is a disconnect between how Americans in general think of manufacturing and how they view it for themselves. This is one reason why the National Association of Manufacturers and the former Secretary of the Navy under President Joe Biden both called for increased immigration, Grabow notes.
“Such jobs can’t find enough interested Americans to fill them,” he wrote.
Manufacturing workers themselves report “markedly” lower personal satisfaction with their jobs than other workers, according to the Pew Research Center. They also report less satisfaction with their pay, health insurance, and other benefits, and flexibility of their work hours.”
The independence of the Fed is key to protecting the dollar, the economy, and price stability. People can trust in the dollar because the Fed will do what needs to be done to control inflation, even if it is painful.
Big things Trump’s economic team wants to do would require great international deals, but those deals are worthless if no one trusts the United States or its president. Trump is so erratic, that no one trusts him. He made the NAFTA 2.0 agreement with Mexico and Canada during his first term, then during his second called it junk and tried to break it. He threatens to take territory from allies and threatens to renege on NATO promises. Countries won’t make the sacrifices of a big Trump-pushed-for-deal when they can’t trust Trump to keep his promises.
“Federal Reserve Chair Jerome Powell said Wednesday that he expects President Donald Trump’s tariffs policy to cause higher inflation and slower economic growth, complicating potential central bank efforts to ease the fallout.”
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“”Markets are struggling with a lot of uncertainty and that means volatility,” Powell said on Wednesday. Still, he added, the volatility reflected the significance of the policy changes, rather than abnormal behavior in the markets.”
“the cost of site construction might rise further because of the 25 percent tariff Trump has imposed on steel, a major input in industrial construction”
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““The same concern applies to manufacturing equipment, which is all stainless steel,””
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“What actually encourages companies to move — as Trump alluded to when he called out Dublin — isn’t tariffs, said Ned Hux, a pharmaceutical and life sciences tax partner at PwC.
“Targeted tax incentives, streamlined regulatory approvals, and prioritized government procurement could make U.S.-based production more attractive and competitive,” he said, adding those measures could come in the form of tax deductions, lower tax rates on manufacturing activity, tax credits and low-interest financing for domestic production.”
“A wave of Israeli strikes across Gaza on Sunday hit a hospital and other sites, killing at least 21 people, including children, as Israel vowed to expand its security presence in the small coastal strip.
The predawn strike on Al-Ahli Hospital in Gaza City was the latest of several attacks on northern Gaza’s last major hospital providing critical health care.”
“North Carolina’s top court cleared the way for some voters’ ballots in a contested state Supreme Court race to be tossed months after the election, opening a path for Republican Jefferson Griffin to potentially overturn an apparent narrow loss.
However, the extraordinary decision from the Republican-controlled court — which drew angry rebukes from Democrats and a sitting GOP justice in the state — still may see more litigation in federal court.”
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“Griffin argued three categories of votes should be tossed: Voters who were registered to vote with incomplete voter registration data; military and overseas voters who did not meet the state’s voter ID requirements; and overseas voters who have never lived in the state or expressed an intent to do so, a small category of voters who are generally family members of expats or service members.
Tossing out wide swaths of ballots after the election would be a near-unprecedented decision that voting rights groups, Democrats and even some Republicans condemned as violating voters’ due process rights and changing the rules of an election after it has already been run.”
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“The state’s high court ruled Friday that most of those ballots — coming from roughly 60,000 voters with incomplete registration data, which could include missing driver’s license numbers or Social Security numbers — should still be counted for this election, placing the blame on the state board of elections.
But the court’s order has the latter two categories of voters at risk. The court ruled that military and overseas voters who didn’t meet the identification requirement must prove their identity within 30 days — known as a “cure process” — or their votes could be invalidated, while affirming the lower court order that “never residents” ballots, which amount to a couple hundred votes, should be disqualified.
Friday’s majority decision elicited scathing dissents from two of the court’s justices — Anita Earls, the lone Democrat who participated in the case, and Republican Justice Richard Dietz.”
China is the only main supplier of rare earths. Rare earths are key to military and industrial technologies. The Trump administration seems unprepared for China’s predictable move to ban rare earth minerals.