The number of jobs added in the U.S. from reshoring—that is, returning manufacturing and production of goods from overseas to where a firm was originally located—is on pace to hit almost 350,000 in 2022, according to a report published by the Reshoring Initiative. “In 2021, the private and federal push for domestic supply of essential…
Reshoring of Jobs to US Projected to Be Nearly 350,000 in 2022: Report
August 29, 2022
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Business & MarketsCompanieseconomyFDI - Foreign Direct InvestmentMade in Americamanufacturing jobsPolicies & ImpactsreshoringUS
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Reshoring of Jobs to US Projected to Hit Record in 2022: Report
August 29, 2022
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Business & MarketsCompanieseconomyFDI - Foreign Direct InvestmentMade in Americamanufacturing jobsPolicies & ImpactsreshoringUS
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The number of jobs added in the U.S. from reshoring—that is, returning manufacturing and production of goods from overseas to where a firm was originally located—is on pace to set a record in 2022, according to a report published by the Reshoring Initiative. “In 2021, the private and federal push for domestic supply of essential…
Reshoring Jobs Hit ‘Record High’ in US, Companies Beginning to Prefer Localized Production
August 29, 2022
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Business & MarketsCompanieseconomyFDI - Foreign Direct InvestmentMade in Americamanufacturing jobsPolicies & ImpactsreshoringUS
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The number of jobs from reshoring—that is, moving back manufacturing and production of goods from overseas to where a firm was originally located—has hit a new high in the United States, according to a recent report published by the Reshoring Initiative. “In 2021, the private and federal push for domestic supply of essential goods propelled…
Central Banks Must Tighten Policy Even Into a Recession, ECB’s Schnabel Says
August 29, 2022
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Business & MarketsCompaniesECBeconomic policieseconomyEuropeeurozoneinflationJacksonholeMarketsrecessionSchnabelWorld
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JACKSON HOLE, Wyo.—Central banks around the world risk losing public trust and must now act forcefully to combat inflation, even if that drags their economies into a recession, European Central Bank board member Isabel Schnabel said on Saturday. Inflation is close to double-digit territory in many of the world’s top economies and any decline is…
Sudden COVID-19 Lockdown Traps Travelers to Tibet on Bridge for Days
People on a sightseeing trip to Tibet did not expect their journey would come to a halt on a bridge because of a recent COVID-19 outbreak in that country. Among the group, was a family of six who left China’s central Hubei Province to drive to Tibet on July 30; but on Aug. 13, they…
Kamala Harris Discusses Midterms at Newport DNC Fundraiser
August 29, 2022
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Vice President Kamala Harris spoke of the importance of November’s midterm elections Aug. 27 at a Democratic National Committee fundraiser at an estate in Newport Beach, California. “We’re at a moment in our world and country of so much of what we took for granted is now unsettled,” Harris told the approximately 15 people in attendance. “So…
Ukraine Claims It Has Begun Counter-Offensive to Retake Russian-Held South
ZAPORIZHZHIA, Ukraine/KYIV—Ukraine announced on Monday the start of a long-awaited counter-offensive to retake territory in the south seized by Russian forces since their invasion six months ago, a move reflecting Kyiv’s growing confidence as Western military aid flows in. The news came as a team from the U.N. nuclear watchdog headed to Ukraine to inspect…
Grant Shapps Says He Did His Own Research to Help Block Lockdown
British Transport Secretary Grant Shapps has claimed that doing his own research into COVID-19 and presented his results using homemade spreadsheets at crucial Cabinet meetings, helping to avert a lockdown in Christmas 2021. In an interview with The Telegraph, Shapps said that he made his own spreadsheets based on international data and sometimes presented his…
New Top Democrat on House Oversight Panel Likely From District Dominated by Federal Workers
Regardless of who controls the House of Representatives come January 2023, the top Democrat on the powerful House Oversight and Reform Committee may well come from a district whose voters are mostly federal workers and contractors. Two of the three Democrats who quickly threw their hats into the ring following Rep. Carolyn Maloney’s (D-N.Y.) loss…
Ontario Passes Motion to Skip Public Hearings on Long-Term Care Legislation
Ontario has passed a motion to skip public hearings for legislation that would allow hospital patients awaiting long-term care to be transferred to a home without their consent. Long-Term Care Minister Paul Calandra has said the legislation will free up badly needed acute care beds in hospitals. It would allow hospital patients to be moved…
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