 BECOME A SPONSOR OF THE WORLD'S MAGAZINE.
WHY should you advertise here? We'll tell you.
VA INFORMATION and VETERANS' MORTGAGES
|
Toward the East G21 AFRICA G21 BOTTOM TEN PEOPLE OF 2004 JOIN OUR MAILING LIST. It contains more jokes than not. G21 MIDEAST GLOBAL*BEAT IRISH EYES MY GLASS HOUSE NEW YORK STATE (Of Mind) RECOMMENDED DAILY REQUIREMENT VOX POPULI RECOMMENDED DAILY REQUIREMENT ARCHIVES. MEMOIRS OF THE INFORMATION AGE ARCHIVES. LAST WEEK's EDITION MEET THE G-CREW! These are the people behind this jam-band every week. HOME TABLE OF CONTENTS & BACK ISSUES BECOME A SPONSOR OF THE WORLD'S MAGAZINE.
WHY should you advertise here? We'll tell you. We know you're lazy. Here's a button for a quick translation of this page. Just click on the flag for your country. You're welcome! OR TRY THIS GOOGLE TRANSLATION SERVICE. |
Montclair, NJ, USA - Jan. 7, 2005 ?|? Washington, DC (Dissociated Press)
-- Labor Secretary Elaine L. Chao announced today a sharp increase in manufacturing jobs in late 2004 and predicts a continued upward trend in 2005.
Higher levels of production stalled during 2003 and into the fourth quarter of 2004, however, with growing demands for recalls based on claims that the government's WMD product line was inherently defective. The government, led by Vice President Dick Cheney, has resisted those demands.
Secretary Chao said that preliminary data for the fourth quarter are "very encouraging." She explained, "Government plants began a major re-tooling effort in November in preparation for a nationwide introduction of its new Social Security crisis product line."
Demand for this new crisis is expected to be high, she said, with the added benefit of a "ripple effect," as affiliated interest groups in the private sector begin turning out related products. Secretary Chao noted depress reports indicating that upwards of $100 million in adventure capital is being sought for private investment in SS crisis manufacturing.
"And this isn't the only crisis product line we expect to be profitable this year," the secretary continued. Already, she noted, an uptick in pronouncements of a medical malpractice liability
crisis has garnered renewed investor interest in the entire so-called "tort reform" industry. This venerable crisis segment has a history of private sector involvement, and has the potential to explode in the coming year, Chao said.
Asked about Medicare, Medicaid, the federal deficit, and the deterioration of the U.S. position in Iraq and other parts of the world, Chao was less optimistic. "These crisis product lines have historically been unprofitable," she said, due to a combination of a domestic oversupply of
reality and the impact of cheap imports.
"In the new world conomy it's critical that we focus on creating the manufacturing jobs of the future, not holding onto the past," Chao said.
©2005 Dissociated Press
In a speech at the National Depress Club, Secretary Chao said that the current turnaround had its roots in early 2002, when a noticeable shift occurred from lower-paying, public-service sector employment to high-skilled jobs in manufacturing. By Spring of that year, she said, demand for so-called "crisis manufacturing" rose sharply in government-owned fabrication plants at CIA, DOD and the White House, which began turning out reasons for invading Iraq in higher volume.
WEB SITE PICK OF THE WEEK: We're big supporters of trenchant and thoughtful international commentary. So we highly recommend you visit Global Politician when you're not here.
| MY GLASS HOUSE | THE PREVIOUS EVENT | COMING ATTRACTIONS | THE WRITERS/GUIDELINES | |
writelikegod.com