Tag Archives: economy

Manufacturing Outlook and History In the USA and Globally

Posted on February 27, 2014 by John Hunter

I write primarily about management improvement on this blog – which makes sense given the title. In the very early days I had more on investing, economic data, science, engineering and travel. Then I created three new blogs (Curious Cat Investment and Economics Blog, Curious Cat Science and Engineering Blog, Curious Cat Travel Photos blog) and that made this blog more focused. Even so the lines of what fits where can be a bit fuzzy and I continue to write … Continue reading →

Posted in Economics, Manufacturing | Tagged , , , , , , , | 1 Comment

Leading Manufacturing Countries from 2000 to 2010: China, USA…

Posted on August 13, 2012 by John Hunter

Over the years I have been posting data on the manufacturing output of leading countries. In 2010 China finally overtook the USA to becoming the leading manufacturer (long after you would have thought listening to many news sources and political leaders). In a previous post on the Curious Cat Economics Blog I looked at the output of the top 10 manufacturing countries with a focus on 1980 to 2010. In 1995 the USA was actually very close to losing the … Continue reading →

Posted in China, Manufacturing | Tagged , , , , , , , , , | 2 Comments

Looking at Auto Manaufacturing in the USA

Posted on February 6, 2012 by John Hunter

America’s Dirty War Against Manufacturing Bob Lutz, the former head of GM, says it was neither uncompetitive wages nor unions that drove the Big Three into decline. It was a management with its eye focused on the bottom line and the short term. That sentiment should be familiar to students of Deming (it is one of Deming’s 7 deadly diseases). It is sad that this bad management practices, short-term thinking, continues to do harm several decades later. Hopefully we can … Continue reading →

Posted in Deming, Economics, Manufacturing | Tagged , , , , , , , | 1 Comment

USA Spent $2.6 Trillion, $8,402 per person,17.9% of GDP on Medical Expenses in 2010

Posted on January 19, 2012 by John Hunter

The federal government financed 29% of total health spending in 2010, a substantial increase from its share of 23% in 2007. Meanwhile, the shares of the total health care bill financed by state and local governments (16%), private businesses (21%), and households (28%) declined during the same time period. Continue reading →

Posted in Economics, Health care, Systems thinking | Tagged , , , , , , | 2 Comments

Manufacturing Jobs Increasing for First Time Since 1998 in the USA

Posted on September 29, 2010 by John Hunter

Surprise! Blue collar jobs are coming back [the broken link was removed] Manufacturing employment began its decline long before the recession, losing jobs every year since 1998. But since the start of this year, there’s been a 1.6% gain in manufacturing jobs — about twice the pace of growth in other private sector jobs. … The unemployment rate for manufacturing workers has also shown much greater improvement than for workers overall, dropping to 9.5% in August from 13% in December. … Continue reading →

Posted in Economics, Manufacturing | Tagged , , | 2 Comments

Net Neutrality, Policy, Economics and Intelligent Engineering

Posted on April 13, 2010 by John Hunter

I believe net neutrality should be championed to prevent decay of the usability of the internet. It seems to me internet connectivity is a natural monopoly that economic theory says should be a regulated monopoly. Smart countries have invested in providing much better internet connectivity that the USA has at much lower prices. Now in the USA we have companies that seek to control internet connectivity and then use that monopolistic control to favor higher margin efforts. So force those … Continue reading →

Posted in Economics, Google, Innovation, IT | Tagged , , , , , | 3 Comments

Loan Default Rates Continue to Increase

Posted on September 9, 2009 by John Hunter

Chart showing loan default rates for real estate, consumer and agricultural loans for 1998 to 2009 by the Curious Cat Investing Economics Blog, Creative Commons Attribution, data from the Federal Reserve. Default rates on commercial (up another 151 basis points) and residential (93 basis points) real estate continued to increase dramatically in the second quarter. Credit card default rates increased but only by 20 basis points. Real estate default rates exploded in 2008, in the aftermath of the financial market … Continue reading →

Posted in Economics | Tagged , ,

Community Banks Ask Why They Must Pay for Wall Street Greed

Posted on March 7, 2009 by John Hunter

Minnesota Bank Asks Why It Pays for Wall Street Greed TCF is among more than 8,300 banks and lenders insured by the FDIC facing increased fees and a one-time “emergency” charge designed to raise $27 billion this year for the agency’s depleted coffers. … Community banks rely more on deposit funding, so they suffer a “much heavier burden” as a result of deposit insurance proportionate to size than peers such as New York-based Citigroup Inc. and Wells Fargo & Co., … Continue reading →

Posted in Economics | Tagged , , , , | 1 Comment

Some Firms Cut Costs Without Resorting to Layoffs

Posted on December 17, 2008 by John Hunter

Some Firms Cut Costs Without Resorting to Layoffs Hypertherm Inc. has never laid off a permanent employee in its 40-year history. A 20% downturn in sales in recent months led the closely held maker of metal-cutting equipment to eliminate overtime, cut temporary staff and delay a facility expansion, says Chief Executive Dick Couch. Managers are transferring employees to busy segments from those with less work. The Hanover, N.H., company also may bring some outsourced manufacturing in-house to keep its 1,100 … Continue reading →

Posted in Deming, Management, Process improvement, Respect, Systems thinking | Tagged , , , ,

Financial Market Meltdown

Posted on October 10, 2008 by John Hunter

The financial market meltdown has grown to the point where it has profound ramifications for everyone. The common wisdom for financial market variation, for most of us, is just to focus on the long term and don’t worry about short term fluctuations. That is good advice. This panic is threatening to override that wisdom however. There are at least 2 areas to consider: personal finance and business prospects (how managers need to take this crisis into account). On personal finance … Continue reading →

Posted in Economics, Management, Toyota Production System (TPS) | Tagged , , , , | 9 Comments

Our Failed Health-care System

Posted on September 10, 2008 by John Hunter

The bad idea behind our failed health-care system by Malcolm Gladwell One of the great mysteries of political life in the United States is why Americans are so devoted to their health-care system. … Americans spend $5,267 per capita on health care every year, almost two and half times the industrialized world’s median of $2,193; the extra spending comes to hundreds of billions of dollars a year. What does that extra spending buy us? Americans have fewer doctors per capita … Continue reading →

Posted in Deming, Economics, Health care | Tagged , , , | 1 Comment

California Uses More Gas than China

Posted on July 17, 2008 by John Hunter

Amazing Stat: California Uses More Gas than China [the broken link was removed]: California alone uses more gasoline than any country in the world (except the US as a whole, of course). That means California’s 20 billion gallon gasoline and diesel habit is greater than China’s! (Or Russia’s. Or India’s. Or Brazil’s. Or Germany’s.) That’s according to the California Energy Commission’s State Alternative Fuels Plan [the broken link was removed], which was posted online last Christmas Eve (pdf). The whole … Continue reading →

Posted in China, Data, Economics | Tagged ,

Manufacturing Employee Shortage in Utah

Posted on April 3, 2008 by John Hunter

Utah scrambling to meet need for technical workers The state faces challenges in generating necessary interest to fill available manufacturing jobs for what Utah’s governor has called the state’s “Aerospace Hub,” both immediately and in the future, the report said. The situation continues to worsen, with jobs being created and unemployment remaining low in the state. And as the current work force ages, the supply of skilled workers is diminishing, forcing employers to recruit outside of Utah and sometimes leave … Continue reading →

Posted in Career, Manufacturing, Public Sector | Tagged , ,

Drug Price Crisis

Posted on March 18, 2008 by John Hunter

In 2005 I posted about some of the problems with drug pricing. It is nice to find at least a couple of people at MIT that want to have MIT focus research on the public good instead of private profit. As I have mentioned too many universities now act like they are for-profit drug or research companies. That is wrong. Drug companies can do so, institutions with purported higher purposes should not be driven to place advancing science below profiting … Continue reading →

Posted in Creativity, Economics, Health care, Science | Tagged , , , | 3 Comments

Management Advice from Warren Buffet

Posted on March 4, 2008 by John Hunter

As usual, Warren Buffett’s letter to shareholders is packed with wisdom. He is best know for his investing genius but his writing provides great thoughts for managers also: Berkshire Hathaway 2007 Letter to Shareholders: We will soon purchase 60% of Marmon and will acquire virtually all of the balance within six years. Our initial outlay will be $4.5 billion, and the price of our later purchases will be based on a formula tied to earnings. … This deal was done … Continue reading →

Posted in Economics, Investing, Management | Tagged , , | 1 Comment

Creating Jobs

Posted on January 19, 2008 by John Hunter

Do Lean Companies Create Fewer Jobs? No, they create more. If you assume the lean company grows sales at the same rate as some poorly management company then it may well be that the lean company creates fewer jobs. However that is not a valid assumption. Deming provided the reason in his presentations to Japan in the 1950’s with his chain reaction. From page 3 of Out of the Crisis Improve Quality —> Costs decrease because of less rework, fewer … Continue reading →

Posted in Career, Deming, Economics, Lean thinking, Management, Popular, Systems thinking | Tagged , , , , | 5 Comments