Tag: manufacturing

DES MOINES, IA—Revealing that he taught himself the language after developing an interest in computer science and artificial intelligence, Democratic presidential candidate Pete Buttigieg stunned a campaign crowd Wednesday by speaking to manufacturing robots in fluent binary. “01001001 00100111 01101101 00100000 01101000 01101111 01101110 01101111 01110010 01100101 01100100 00100000 01110100 01101111 00100000 01101101 01100101 01100101 01110100 00100000 01110111 01101001 01110100 01101000 00100000 01110011 01110101 01100011 01101000 00100000 01101000 01100001 01110010 01100100 00101101 01110111 01101111 01110010 01101011 01101001 01101110 01100111 00101100 00100000 01110100 01110010 01110101 01100101 00100000 01000001 01101101 01100101 01110010 01101001 01100011 01100001 01101110 01110011 00101110 00100000,” said the 37-year-old South Bend, IN mayor to the awe-struck machines, delivering the message by emitting a series of high-pitched tones and beeps with a perfect accent. “To all of you, I say 01100001 01110011 00100000 01110000 01110010 01100101 01110011 01101001 01100100 01100101 01101110 01110100 00101100 00100000 01001001 00100000 01110111 01101001 01101100 01101100 00100000 01101110 01100101 01110110 01100101 01110010 00100000 01110011 01110100 01101111 01110000 00100000 01100110 01101001 01100111 01101000 01110100 01101001 01101110 01100111 00100000 01100110 01101111 01110010 00100000 01111001 01101111 01110101 00101110 01000100 01100101 01110011 01110000 01101001 01110100 01100101 00100000 01101111 01110101 01110010 00100000 01100100 01101001 01100110 01100110 01100101 01110010 01100101 01101110 01100011 01100101 01110011 00100000 01110111 01100101 00100000 01100001 01101100 01101100 00100000 01110111 01100001 01101110 01110100 00100000 01100110 01110010 01100101 01100101 01100100 01101111 01101101 00101100 00100000 01100100 01100101 01101101 01101111 01100011 01110010 01100001 01100011 01111001 00101100 00100000 01100001 01101110 01100100 00100000 01100101 01101100 01100101 01100011 01110100 01110010 01101001 01100011 01101001 01110100 01111001 00101110 00100000.” At press time, U.S. manufacturing robots had donated $10 million dollars to Buttigieg’s campaign and helped him surge to the top of polls among Democratic primary candidates.

Watch LIVE at 2:15pm EST: President Trump joins the opening ceremony of a new manufaturing plant, owned by Foxconn, as part of his "America First" initiative to bring factory jobs back to U.S. soil. FOX News Channel (FNC) is a…

The EEF said an independent industrial strategy council – promised by the business secretary, Greg Clark, in last autumn’s white paper – should be created immediately and given the “urgent task” of setting clear goals for boosting Britain’s manufacturing performance. The employers’ organisation said growth in manufacturing productivity, or output per hour worked, had fallen from 4.7% a year on average between 2000 and 2007 to 1% a year on average since 2008 – but said there had been big variations between different sectors of industry. The EEF said that, overall, Britain’s manufacturing productivity had been the weakest of the four countries since 2009, following a period in which it had performed more strongly. Lee Hopley, the chief economist at the EEF, said: “We’ve known about the productivity problem for some time, with various attempts made to try to fix it across the whole economy. “Manufacturing offers a good area to get gains on productivity growth. The industrial strategy council should now be created urgently and put to task to identify how the overall strategy can improve productivity in those industrial sectors where it has lagged.” Government efforts to tackle Britain’s weak productivity have so far concentrated on economy-wide solutions such as increasing spending on infrastructure and improving skill levels. The EEF said its report, Unpacking the Puzzle, showed there was no one factor that could explain the productivity performance across all manufacturing subsectors and called for targeted solutions. Sectors with a higher share of larger firms tended to outperform internationally. Italy had higher levels of investment in capital equipment compared to Germany but productivity levels in Italy were weaker. Evidence suggested companies with better management capabilities were more likely to have higher rates of productivity growth.

President Trump on Friday took his campaign for an overhaul of the tax code to manufacturers, arguing that Republicans’ plan will encourage companies to create more jobs in the U.S. The speech follows Wednesday’s release of a tax framework document by administration officials and key congressional Republicans. The framework is designed to provide guidelines to the congressional tax-writing committees as they finish drafting tax legislation. The plan would lower the corporate tax rate from 35 percent to 20 percent, and would lower the rate for so-called pass-through businesses to 25 percent. Pass-throughs, which include everything from small businesses to hedge funds, currently have their income taxed through the individual code, which has a top rate now of 39.6 percent. “It will be rocket fuel for our economy,” Trump said. Another aspect of the plan NAM strongly backs is the provision that would allow businesses to immediately write off the costs of their investments for at least five years. “We are so excited, so optimistic,” said Drew Greenblatt, president and owner of Marlin Steel Wire Products in Baltimore.