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Business investment fell in February and faces a grim outlook amid the pandemic

Business investment fell in February and faces a grim outlook amid the pandemic

by Jill Shah | Mar 31, 2020 | Featured, Manufacturing

Businesses ordered less equipment in February, an early sign of the supply chain disruptions to the manufacturing sector from the coronavirus pandemic last month that are only projected to get worse as the ripple effects spread deeper into the economy. Orders for core...
The Subsidy Gamble: New York state is betting big on Tesla

The Subsidy Gamble: New York state is betting big on Tesla

by Sam Sharpe | Mar 14, 2020 | Featured, Manufacturing

Anthony Dalessio was in high school when Republic Steel left town in 1984.  The steel mill, one of the largest in the country, had been one of Buffalo’s largest employers through the 1950s and 60s. But as globalization moved manufacturing jobs overseas, Republic Steel...

Business investment picks up in January as coronavirus clouds manufacturing outlook

by Jill Shah | Mar 3, 2020 | Manufacturing

Businesses ordered more equipment in January, a sign of increased investment in American manufacturing that was buoyed by the recent trade deal but now faces the threat of coronavirus.  Orders for these goods – called core capital goods – were up 1.1% from December....
Coronavirus pumps the brakes on U.S. manufacturing

Coronavirus pumps the brakes on U.S. manufacturing

by Sam Sharpe | Mar 3, 2020 | Featured, Manufacturing

The U.S. manufacturing sector posted modest growth in February even as the coronavirus outbreak began disrupting global supply chains. The signing of the first phase of a trade agreement between the U.S. and China last month buoyed American manufacturers. The sector...

Offshore wind will create U.S. manufacturing jobs — if it can woo investors

by Daniel Whateley | May 13, 2019 | Manufacturing, Uncategorized

Launched in 2016, Rhode Island’s Block Island Wind Farm is the country’s first and only operational offshore site. (Photo by Dennis Schroeder / NREL) In 2014, Gulf Island Fabrication, a U.S. manufacturing company that builds support structures for offshore...
Trump’s trade war is putting pressure on homebuilders

Trump’s trade war is putting pressure on homebuilders

by Olivia Raimonde | May 10, 2019 | Featured, Manufacturing

After tariffs on lumber and steel went into effect, the cost for Paul Schwinghammer to operate his Indiana-based home building and renovation company soared. “In the last two to two and a half years, our prices are up about 20 percent,” said Schwinghammer who is...
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Welcome to Dismal Science, a site covering the economy produced by young journalists in New York City. Email the editor Greg David at gregdavid49@gmail.com.

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