Dear Sir or Madame-
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In this June 30, 2010 Publication:
Manufacturer's Investment Pays Off
With Huge Order
Obama Cautions Insurers Against Using
Healthcare Law To Increase Premiums
Obama: Economic Recovery "Not Moving As
Fast As We Want"
Register Today for the Plant Management Conference
Senate Republicans Turn Back Democratic Jobs Bill
Manufacturer's Investment Pays Off With Huge Order
A YORKSHIRE manufacturer has beaten off competition from its
Chinese rivals to secure a major order after buying new machinery.
PMS Diecasting, based in Rotherham, which carries out high-pressure zinc diecasting, is investing in
three diecasting machines and two robotic arms.
To view the rest of this article, click here.
Obama Cautions Insurers Against Using Healthcare Law To Increase Premiums
The Washington Post reports, "President Obama met with the chief executives of more than
a dozen major insurance companies at the White House on Tuesday to caution them against using new
requirements in the recently enacted health-care reform legislation as a pretext to substantially raise
premiums." Following the meeting, President Obama said, "There are genuine cost drivers that are not
caused by insurance companies. But what is also true is that we've got to make sure this new law is not
being used as an excuse to simply drive up costs."
The New York Times reports, "Mr. Obama convened the White House session [to] mark the
90th day...since he signed the health bill into law. He also used the occasion to unveil what his
administration is calling 'a new Patient's Bill of Rights' -- a set of regulations governing how the
industry implements some of the most consumer-friendly provisions of the health care bill."
Obama: Economic Recovery "Not Moving As Fast As We Want"
AFP reports that after a Cabinet meeting yesterday, President Obama said "the US
economy was 'not moving as fast as we want,' amid a tepid recovery from the worst economic crisis in a
generation." Obama is quoted as saying, "We've now seen five straight months of job growth and economic
growth of over half a million private sector jobs that have been created since the beginning of the
year. ... But we also know that it is not moving as fast as we want."
Geithner Touts Improved Credit Availability
Bloomberg News reports Treasury Secretary Geithner "said credit
availability is improving and companies are building up unprecedented cash reserves, signs that the US
economy may be poised for increased growth." In testimony to the Congressional Oversight Panel, Geithner
said, "Credit conditions overall, which dragged our economy into a deep recession in 2007, no longer
pose an obstacle to growth," and US firms "have built up record cash reserves, which will eventually be
reinvested and fuel growth." However, Elizabeth Warren, "the panel's chairman, told Geithner...she is
concerned that 'many banks still haven't digested the toxic mortgages on their balance sheets.' The
challenges firms face 'are straining their ability to lend to the small businesses that might otherwise
be driving an economic recovery and reducing unemployment.'"
Register Today for the Plant Management Conference
Registration for this year’s Plant Management conference is now open. The conference will be held
September 22-24 in Grand Rapids, MI at the Amway Plaza Hotel. Featuring presentations on Quality and Cost
Improvement through Process Control and Crisis Management and an offsite tour to Die-Tech & Engineering.
To register or for more information please click here!
Senate Republicans Turn Back Democratic Jobs Bill
The AP reports Republicans "on Thursday
defeated Democrats' showcase election-year jobs bill, including an extension of weekly unemployment
benefits for millions of people out of work more than six months." The "57-41 vote fell three votes
short of the 60 required to crack a GOP filibuster, delivering a major blow to President Barack Obama
and Democrats facing big losses of House and Senate seats in the fall election." The "rejected bill
would have provided $16 billion in new aid to states, preserving the jobs of thousands of state and
local government workers and providing what White House officials called an insurance policy against a
double-dip recession."
Bloomberg News reports Senate Majority Leader Reid "said that
although lawmakers will move on other matters, the chamber may revisit the legislation -- central to the
Democrats' job agenda in an election year -- if Republican support emerges. Democrats control the Senate
with 59 votes."
