NIGHT MUSIC: The Makers of Things
10 hours ago
For the past several years, I've held the contrarian belief that Canadian and American companies doing business in
North Americashould manufacture closer to home. For me, it comes down to being more responsive to your customers' needs. We've become a society focused on cheap price, and only now consumers are realizing this comes at a price. Manufacturing jobs have moved to Asiaby the millions, replaced by lower-paying positions in the service industry. Walmart (NYSE: WMT) argues that saving you money lets you live better. Those on the other side of the argument believe savings in one hand have come at the expense of wages in the other. Who is correct is likely unanswerable. What I do know is that making products thousands of miles away is about as sensible as driving all the way across town to save 5 cents a gallon for gas. I believe "Made in the " wins. Here are my reasons why: U.S.A.
The U.S. Environmental Protection Agency announced it has entered into a Cooperative Research and Development Agreement (CRADA) with NanoLogix. The Agency and NanoLogix will work to design a rapid diagnostic method to detect bacterial threats, including E.coli and Cryptosporidium in drinking and source water. Scientists from the EPA and NanoLogix will use the company's rapid detection technology as a foundation for the new process, with the goal of significantly reduced test times from those achievable with current tests.
...this divergence is, if anything, even greater across cities and urban centers. And since human capital is the key driver of economic prosperity, this means the economic fortunes of American metros and cities are diverging and quite likely to diverge even more in the future. Economic and social inequality is increasingly overlaid with a deepening economic geography of skill and of class. That's a very serious problem - and one that's getting worse.