Rochester Tooling & Machining Association

Rochester




Arnold Magnetic Technologies Launches Record-Breaking RECOMA 35E Samarium Cobalt Material - 4/4/2016
 Permanent magnet material is the world leader in coercivity and maximum flux density (PRWEB) - Arnold Magnetic Technologies introduced today their premier samarium cobalt (SmCo) magnet material, RECOMA® 35E, the strongest magnetic material available in the world. RECOMA 35E is Arnold’s latest market-lea...
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Midas touch Kingsbury's joint venture with Kodak turns film into sensors for touchscreens - 4/4/2016
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Small business spotlight: Custom machining at XLI Corp. - 4/1/2016
George Schott founded XLI Corporation with a background in tool and die. When the company started, in fact, the name was XL Tool and Machine.Fast forward nearly a half century, and XLI has vastly expanded its operations. The Rochester company doesn’t do tool and die work, but it still does machining and a lot more.“W...
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Next generation takes helm at Victor firm - 2/22/2016
By: Andrea Deckert Rochester Business Journal January 29, 2016 The second generation of a local contract machining firm has taken the helm of the business. Yvette Pagano has become CEO and majority owner of CAR Engineering & Manufacturing Inc. in Victor. She expects the firm—marking its 30t...
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RTMA welcomes new members - 2/9/2016
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January Monthly Meeting Slideshow - 2/9/2016
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President’s Message: RTMA / RIT Saunders College of Business Innovation Program - 2/9/2016
 RTMA / RIT Saunders College of Business Innovation Program  The RTMA continues to develop and implement programs, to help its members be more competitive in the marketplace. Last year, we partnered with RIT Saunders College of Business, to deliver a program on “Innovation”. Due to the pos...
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Trans-Pacific Partnership - Bad Deal for American Manufacturing - 2/5/2016
The RTMA is a member of the Coalition of Prosperous America (CPA), which has as its mission, a balanced trade policy for America. Presently, there are forces at work, which have been successful in passing free trade policies, which have worked against domestic manufacturing, agriculture and labor.  A current...
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Testimony to Senate Labor Committee: Examining the Economic Impact of a Proposed $15 Statewide Minimum Wage - 2/5/2016
Presented by Kenneth J. Pokalsky, Vice President Thursday, January 7, 2016 I appreciate this opportunity to discuss the potential economic impacts of a proposed $15 per hour minimum wage. It is crucial that the administration, the legislature and the general public consider the $15 minimum wage in its full econ...
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If There Is a Recession in 2016, This Is How It Will Happen - 2/5/2016
Neil Irwin FEB. 4, 2016 More and more news headlines and stock market analysts’ reports have started predicting, or at least insinuating, that a recession could be near in the United States. I’ve been skeptical; the economy may not be great, but I’ve had a hard time envisioning how economic turmoil in countries l...
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U.S. Economy Added 151,000 Jobs in January; Unemployment at 4.9% - 2/5/2016
By NELSON D. SCHWARTZ v\:* {behavior:url(#default#VML);} o\:* {behavior:url(#default#VML);} w\:* {behavior:url(#default#VML);} .shape {behavior:url(#default#VML);} FEB. 5, 2016  American employers eased up on the gas last month, but still added jobs at a healthy enough pace to help calm fears t...
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Wal-Mart Launches Site to Connect Suppliers to U.S. Manufacturers - 2/5/2016
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NASA to Build Integrated Photonics Modem for Laser Communications - 2/3/2016
GREENBELT, Md., Feb. 3, 2016 — An integrated photonics modem will be tested aboard the International Space Station beginning in 2020 as part of NASA’s multiyear Laser Communications Relay Demonstration (LCRD). The cell phone-sized device incorporates optics-based components, such as lasers, switches a...
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Harter, Secrest & Emery elects new managing partner - 2/1/2016
By WILL ASTOR, Rochester Business Journal January 28, 2016 Harter Secrest & Emery LLP has elected Craig Wittlin as its managing partner, law firm officials said Wednesday. A longtime partner, whose practice areas include corporate law, mergers and acquisitions, securities law ...
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Zyra has aggressive plans for Klein Steel - 2/1/2016
By ANDREA DECKER Rochester Business Journal December 11, 2015 The new CEO of Klein Steel Service Inc. expects a double-digit percentage increase in annual sales next year, as well as the addition of up to 15 local jobs. “We’re planning an aggressive strategy for 2016,” said Todd Zyra, w...
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RTMA Advertising Pricing for Website and Newsletter - 2/1/2016
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Event Sponsorship Opportunity - 2/1/2016
Sponsorship cost: $650 Benefits Include:  Website/Newsletter Advertising  Medium Size Ad on the RTMA website  Duration: 30 days during the month sponsored   5-minute sponsor commercial during event  Sponsor logo displayed on electronic meeting flyer  2-3 email blasts...
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M&T Bank tops expectations for profit, revenues - 2/1/2016
By NATE DOUGHERTY  Rochester Business Journal  January 19, 2016  M&T Bank Corp. topped analyst expectations for the fourth quarter. The bank reported net income of $271 million, or $1.65 a share, on revenues of $1.26 billion. That compared with net income of $278 million, or $...
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What Becomes Decisive Issue in 2016 Campaign as Economy Fades? - 12/15/2015
The economy is not the dominant issue it was for voters in the 2012 campaign or several earlier elections. Pictured, job seekers wait in line to enter the San Jose Career Fair in San Jose, Calif., Nov. 10. David Paul Morris/Bloomberg NewsMonths of campaigning and televised debates haven’t yet ...
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Holiday Social Picture Slideshow - 12/15/2015
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President’s Message: RTMA Program Year End Review - 12/15/2015
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RTMA welcomes 2 new Associate Members - 12/15/2015
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WSJ Survey: Economists Are Convinced Fed Will Raise Rates in December - 12/15/2015
v\:* {behavior:url(#default#VML);} o\:* {behavior:url(#default#VML);} w\:* {behavior:url(#default#VML);} .shape {behavior:url(#default#VML);} More than 80% think Fed credibility would be damaged if it didn’t raise rates next week  About 65% of economists surveyed by The Wall Street Journal said ...
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Wal-Mart Marketing Chief to Step Down: Retailer plans to hire one of the architects of Target’s cheap-chic image - 12/15/2015
Wal-Mart Stores Inc.’s longtime chief marketing officer is leaving, and the retailer is reaching outside the company for some help by bringing on a former marketing guru at Target Corp.   Stephen Quinn, 56 years old, who has been Wal-Mart’s marketing chief since 2007, will retire in Janu...
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VW Says Group Sales Down 2.2% in November - 12/15/2015
  FRANKFURT, Germany—Beleaguered German auto giant Volkswagen said Friday that worldwide sales of all of its 12 different brands were down 2.2% in November, with the pollution-cheating scandal hitting demand for its cars.   VW said in a statement it sold 883,700 cars worldwi...
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Faraday Announces Plans for $1 Billion Electric Car Plant in Nevada - 12/15/2015
Faraday Future, a fledgling electric carmaker that is plundering Tesla for talent, today announced plans to locate a $1 billion auto manufacturing plant in North Las Vegas, Nevada.   “We have completed a lengthy and thorough site selection process, and are thrilled by the opportunity to ...
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Rochester region gets $500 million in Upstate Revitalization - 12/15/2015
  It's almost like the Finger Lakes just hit the lottery — big time. Monroe County and its surrounding region was one of three areas of New York to be awarded $500 million Thursday as part of Gov. Andrew Cuomo's Upstate Revitalization Initiative. With the win, this area will get $100 million ...
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2015 Annual Meeting - 12/13/2015
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Newest Associate Member - 11/23/2015
Please welcome our newest Associate Member: REMEDY STAFFING ...
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October 2015 Annual Meeting - 10/27/2015
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RTMA and the Manufacturing Day Mission - 10/12/2015
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Joe Biden: No Money, Weak Polls, but Still Clinton’s Toughest Rival - 10/9/2015
Joe Biden's decision is the most important political story of the moment. Credit Zach Gibson/The New York Times.wXccn/q1kKAKxYCRCsWAYSQIk4RLIlQiNaroTNGYVG9LoVxgLhlXOFUF14SiC91UTEe1PN3ydN1TdVfVHUVzFMVRpCOFLZkjmCuRJZApkEmRIyquAl0NuSr2NOLr0DeQb0JXh7aGbBVZCrQUYKtTgpYEBgc6gxoHKgUqRTonpgQqrQgMBEGSQI4BhRUKKwRUCAAUAoIhJZAS...
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UAW Strike Averted at Fiat Chrysler - 10/9/2015
United Auto Workers and Fiat Chrysler reach tentative agreement ahead of midnight contract deadline The United Auto Workers said shortly after midnight Thursday that it reached a revised deal with Fiat Chrysler Automobiles NV that secures “significant gains” for its members, averting a s...
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Has the Bottom Finally Fallen Out for Manufacturing Job Growth? - 10/9/2015
v\:* {behavior:url(#default#VML);} o\:* {behavior:url(#default#VML);} w\:* {behavior:url(#default#VML);} .shape {behavior:url(#default#VML);} The recent job report from the Bureau of Labor Statistics, which reported that the economy added 142,000 jobs in September, represented 60 straight months of pos...
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Two Substantive Sides to Debate Over Obamacare’s ‘Cadillac Tax’ - 10/8/2015
Democratic presidential candidates Hillary Clinton and Bernie Sanders and a bipartisan group from Congress have come out in favor of repealing the Affordable Care Act’s “Cadillac tax.”HyWVtEosLOVSLcMmzHxUi94J4nKa+cUSYemqqCxFVJYiKksZlaV8y/67g7939l/9vPLPjP+Dd/tvPl3x33v6//V9yfx/qC//v/fL/8jd/o2nK6KyyOgMOjzpL6qQzn1G1S...
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Penny Pritzker Tackles Tough Assignments as Commerce Secretary - 10/8/2015
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Steiner Technologies focuses on Northern California Manufacturing with Blodgett & Associates! - 10/8/2015
Fairport, NY USA 10.9.15  – Steiner Technologies, Inc., a world leader in manufacturing custom automatic back spotfacing and back counter boring tools located in Fairport, NY, is proud to add the tooling sales expertise of the Blodgett & Associates Team to our list of tooling representative...
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OptiPro Open House - 10/7/2015
With over 300+ in attendance, the soggy weather couldn’t keep guests away from OptiPro’s famous annual steakout and technology open house on September 29th and 30th. Companies from across New York State were captivated by live demonstrations and attended technical seminars to hear about how to max...
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RTMA September 2015 Golf Outing & Clam Bake - 10/1/2015
v\:* {behavior:url(#default#VML);} o\:* {behavior:url(#default#VML);} w\:* {behavior:url(#default#VML);} .shape {behavior:url(#default#VML);} Over 150 attendees enjoyed the 2015 Golf and Clambake Event at Locust Hill Country Club.  We had a total of 129 golfers who were joined by 30 more guests for the ev...
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RTMA welcomes new Associate Member for August - 9/1/2015
RTMA welcomes new Associate MemberNational Fuel Resources IncCatherine Wolf, Marketing Coordinator   Normal 0 false false false EN-US X-NONE X-NONE ...
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Associate Column - Doritex Corp - 9/1/2015
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As Doctors Lose Clout, Drug Firms Redirect the Sales Call - 8/24/2015
As Doctors Lose Clout, Drug Firms Redirect the Sales Call   The Wall Street Journal   By Jonathan D. Rockoff Sept. 24, 2014 10:30 p.m. ET   SAN DIEGO—Kendall French used to pitch drugs to doctors who could prescribe them.   But many of those doctors now work ...
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The Nation’s Economy, This Side of the Recession - 8/24/2015
The New York Times By ALICIA PARLAPIANO, SHAILA DEWAN and NELSON D. SCHWARTZ In the five years since the United States began its slow climb out of the deepest recession since the 1930s, the job market has undergone a substantial makeover. The middle class has lost ground as the greatest gains have occurred a...
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Here’s why Democrats couldn’t run on the economy in 2014 - 8/24/2015
  Here’s why Democrats couldn’t run on the economy in 2014 By Aaron Blake November 19, 2014   The 2014 election was full of muted issues that kinda, sorta, maybe, might have tipped the scales in favor of Republicans (Ebola? The Islamic State? Obamacare?). But one issue stands out as part...
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Rochester’s future looks brighter with photonics - 7/30/2015
Democrat & ChronicleBy Bennett J. Loudon, Staff writerYou may have no idea what photonics is, but the high-tech science could soon have a dramatic effect on the Rochester community.The decision by federal officials to locate a Photonics Manufacturing Institute here will have a major long-lasting impact on the local...
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June 2015 Golf Event at Ridgemont County Club - 7/30/2015
120 golfers enjoyed the 2015 RTMA Golf Event at Ridgemont Country Club.  We would like to offer a big "Thank You" to all of our volunteers, and to the sponsors who made this event so successful:OptiPro (Silver Sponsor)M&T Bank / Wilmington Trust (Silver Sponsor)Excel Machine Technologies (Steel Sponsor)Br...
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President’s Message - 7/29/2015
Bob Coyne, Acro IndustriesRTMA PresidentRTMA Program for Company GrowthThe RTMA is identifying and presenting programs that increase member productivity, drive innovation, and stimulate new business. It will be providing a new benefit to its members known as Core Value. What is Core Value? CoreValue is a software progr...
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A Guide to New York’s $15 Minimum Wage Proposal - 7/28/2015
The New York TimesBy AMY ZERBA and PATRICK McGeehanA wage panel recommended on Wednesday that the minimum wage be raised for employees of fast-food chain restaurants in New York State to $15 an hour. At a rally later in the day for workers and their supporters, Gov. Andrew M. Cuomo said, "There is no doubt we are ...
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Overtime Rules Send Bosses Scrambling - 7/27/2015
The Wall Street JournalCompanies focus on tracking hours following Labor Department’s planned changesBy Rachel Feintzeig, Rachel Emma Silverman and Lauren Weber Companies are racing to track and manage the hours their employees really work, following a White House proposal that would put millions more U.S. workers in l...
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Debt Ceiling Drama Adds Up for Taxpayers - 7/27/2015
The Wall Street JournalBy Kristina PetersonWhen Congress faces an important deadline, usually all it has to do is not miss it.But when it comes to raising the debt ceiling — the federal government’s borrowing limit — it matters whether lawmakers even come close to the cliff.Late last week, the Government Accountability...
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Lawmakers, White House Explore Tax Revamp for U.S.  Firms Overseas - 7/27/2015
The Wall Street JournalDiscussions eye ambitious overhaul of how America taxes its multinational corporations By John D. McKinnon Top lawmakers and the White House are in the early stages of discussing an ambitious overhaul of how the U.S. taxes its multinational firms, according to officials involved in the effort.The...
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Lockheed Martin to Buy Sikorsky for $9 Billion - 7/27/2015
The Wall Street JournalLockheed Martin also looks to shed some of its commercial IT businessesBy Doug Cameron Lockheed Martin Corp.Lockheed, the world’s largest defense contractor by sales, on Monday said it agreed to acquire Sikorsky from United Technologies Corp. , the defense industry’s largest deal in 20 years...
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Can Lean and ERP Work Together? - 7/24/2015
Industry WeekSearching for harmony between MRP's 'push' and lean's 'pull' By Doug Bartholomew For many large and midsize manufacturers, the challenge of enabling the corporate wide enterprise resource planning (ERP) system to mesh with their lean initiatives on the plant floor requires a delicate balance.Implemented by...
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Why Your Improvement Efforts Aren’t Driving Better Results: The Façade of Lean and Six Sigma - 7/24/2015
Industry WeekBy John DyerPresident, JD&A - Process Innovation Co.Don't expect a positive ROI from your lean and Six Sigma investments if they are nothing but a pretty picture.I once had a plant manager tell me his factory had implemented Six Sigma, but there was not a single statistical process control chart.ӌ...
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Caterpillar Earnings: What to Watch - 7/24/2015
The Wall Street JournalNorth American construction is heavy equipment maker’s best bet for good sales newsBy James R. Hagerty Caterpillar Inc.EARNINGS FORECAST: Wall Street expects earnings per share of about $1.27, down from $1.69 a year earlier, according to FactSet. The company hasn’t provided a forecast for the qua...
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Politicians Should Pay Heed to Productivity Problem - 7/24/2015
Politicians Should Pay Heed to Productivity ProblemThe Wall Street JournalBoosting hourly worker output could resuscitate weak wage growthAs candidates on both sides of the aisle lament the increase of the income gap and slow wage gains, WSJ chief economics columnist Greg Ip examines the central role of weak productivi...
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One-third of Indiana’s Jobs Come from Manufacturing - 7/24/2015
Industry WeekAuto industry is key engine of growth.By Adrienne SelkoWhile many states bemoan the loss of manufacturing jobs, Indiana has increased employment in the sector by 4.6% since the recession. These jobs appeal to employees as they pay 50% more than non-manufacturing jobs, and they bolster the economy as they p...
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Closing the Gender Gap, and with It, the Skills Gap - 7/23/2015
Industry WeekLaura Putre Expecting women to find their way into manufacturing—and thrive in it—by paying lip service to "diversity" isn’t enough, a Manufacturing Institute study finds.It's no secret U.S manufacturing needs skilled workers; the Manufacturing Institute predicts a shortage of 2 million by 2025. ...
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What’s the Root Cause of US Manufacturing’s Underperformance? - 7/23/2015
Industry Week, Patricia Panchak Dean Baker: Focus on Reducing the Trade DeficitBaker, co-director of the Center for Economic and Policy Research, pegs the problem elsewhere:"Suzanne Berger’s discussion … gives short shrift to the main factors determining manufacturing employment and output, specifically trade, the...
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The Skills Gap? More Like the Grand Canyon - 7/23/2015
Industry WeekLaura Putre There's a huge need for industrial maintenance technicians, but few programs to train them. An industry consortium just rolled out new standards to change that.These days, getting accepted into Harvard University is slightly easier than finding an industrial maintenance technologist to troubles...
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House Leadership Blindsides Opposition to Trade Promotion Authority - 7/23/2015
Industry WeekBy Michele Nash-HoffPresident, ElectroFab SalesPresident Obama calls for both Trade Promotion Authority and Trade Adjustment Assistance as critics of the trade agreements continue efforts to stop passage of the bills.On Monday, June 15, House Republican leadership announced that they had decided to delay t...
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Defense Department’s Globalization of Supply Chain Threatens our National Security - 7/23/2015
Industry WeekBy Michele Nash-HoffPresident, ElectroFab SalesThe U.S. is becoming increasingly dependent on foreign-sourced parts, including from China, for key military equipment.Over three years ago, I wrote an article about the release of the Senate Armed Services Committee report on counterfeit parts in the Departme...
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RTMA Welcomes New Associate Members - 7/23/2015
WELCOME RTMA ASSOCIATE MEMBERSPacemaker Steel and PipingEdgar Morey, Corporate Vice PresidentSanford Industrial Contractors, Inc.David Sanford, PresidentTri-Flex Management GroupPhilip Bleecker, Partner3C Human Resources Consulting, LLCRobert Rogers, Principal ConsultantCE-Technologies, Inc.Sue Brumm, PresidentSentry I...
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President’s Message - 5/1/2015
Bob Coyne, Acro IndustriesRTMA PresidentFinger Lakes Regional Economic Development CouncilThe Finger Lakes Regional Economic Development Council is one of Ten Economic Development Councils designed by Governor Andrew Cuomo to generate grass roots proposals for New York State Investment in economic development. The stat...
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Todd Zyra, President, Klein Steel Service Inc., Named a 2015 Rising Star - 5/1/2015
Rochester, NY – Todd Zyra, President, Klein Steel Service Inc., has been named a 2015 Rising Star by American Metal Market. Todd, along with five other young executives, is being recognized for outstanding leadership and measurable contributions made to the metals industry. "Todd sets a high standard for everyone ...
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What’s the Root Cause of US Manufacturing’s Underperformance? - 4/28/2015
Industry WeekBy Patricia Panchak Baker, co-director of the Center for Economic and Policy Research, pegs the problem elsewhere:"Suzanne Berger’s discussion … gives short shrift to the main factors determining manufacturing employment and output, specifically trade, the value of the dollar, and the lingering effect...
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Change Management and Lean Transformation - 4/28/2015
Industry WeekBy Jeffrey LikerPresident, Liker Lead AdvisorsChange management strategies are often based on flawed assumptions which can lead to self destruction.Change management has become its own consulting specialty. It is often part of deploying massive IT systems and some companies use change management specialist...
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Robots, Reshoring and the Promise of the 21st Century - 4/28/2015
Industry WeekBy Travis HessmanIW Best Plants keynote, Rodney Brooks, is designing tools to bring manufacturing up to date and back in the U.S.A.Rodney Brooks and his newest robot, Baxter, are trying to bring low cost, high quality manufacturing back to the U.S.In 2002, Rodney Brooks brought the first real taste of the ...
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VW Board Chairman Resigns After Power Struggle - 4/28/2015
Industry WeekAfter a power struggle at the top, former Volkswagen CEO Ferdinand Piech walks away after decades with the company.FRANKFURT, Germany – Volkswagen patriarch Ferdinand Piech has resigned as head of the German auto giant’s supervisory board, the company announced Saturday, in the wake of his bitter power str...
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U.S., Japan Take On Hurdles to Pacific Trade Deal - 4/27/2015
The Wall Street JournalNations tackle issues, court Pacific partners, Congress, as Abe gets set to visit WashingtonBy William Mauldin The U.S. and Japan, nearing an accord designed to transform ties between the economic rivals and open the way for a trade pact among 12 Pacific nations, still face differences and the ch...
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China’s True Growth Is a Mystery; Economists Weigh the Clues - 4/27/2015
The Wall Street JournalOfficial first-quarter GDP growth of 7% is overstated, experts agree, but pinning down the real number is a head-scratcherBy Mark Magnier When China released its tabulation of first-quarter growth earlier this month, the 7% figure—the worst in six years—stirred fears of a deepening slowdown.It al...
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Ozone Regulations - 4/27/2015
National Association of ManufacturersA February 2015 study by NERA Economic Consulting and commissioned by the NAM, Economic Impacts of a 65 ppb National Ambient Air Quality Standard for Ozone (reveals that a new ozone regulation from the Obama Administration could cost the economy $140 billion per year and place over ...
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Tax & Budget - 4/27/2015
National Association of ManufacturersOur nation’s tax system, with extremely high rates, a host of temporary provisions and out-of-date international rules, has created an uncertain environment that consistently undermines manufacturers’ ability to compete and succeed in the global marketplace.Manufacturers believe tha...
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Adam Smith Preached Self-Interest–and Self-Help, Too - 4/27/2015
The Wall Street JournalBy Robert Litan"Behave as if an impartial spectator is watching you. Use the idea of an impartial spectator to step outside yourself and see yourself as others see you. Use that vision to know yourself. Avoid the seductions of money and fame, for they will never satisfy."It sounds like ...
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OSHA - Stopping Falls, Saving Lives - 4/27/2015
2015 National Safety Stand-Down to Reach Workers WorldwideOver the last 10 years, more than 3,500 workers have died from falls. In fact, falls remain the leading cause of death in construction, accounting for more than a third of deaths in the industry. If you’re involved in construction or any other high-risk industry...
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OSHA Update: New Reporting Requirements Start January 1 - 4/27/2015
Beginning January 1, 2015, there will be a change to what covered employers are required to report to the Occupational Safety and Health Administration. Employers will now be required to report all work-related fatalities within 8 hours and all in-patient hospitalizations, amputations, and losses of an eye within 24 ho...
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MCC Corporate College: Developing the Conscious Leader and Conscious Culture Certificate Program - 4/24/2015
Wednesdays, May 20 – June 248:30 a.m. – 11:30 a.m.MCC Corporate College, 1057 E. Henrietta Road, Training Room 2 – 29-120Learn the principles of authentic leadership, employee engagement, corporate culture and higher purpose being enthusiastically endorsed by successful companies worldwide.  This class also tack...
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Klein Steel Upgrades Processing Capability with Koike Aronson Burn Table - 4/24/2015
Rochester, NY – Klein Steel Service Inc., a full-line metals service center with a worldwide distribution network, is pleased to announce the addition of a new Versagraph Extreme CNC plasma/oxy-fuel cutting machine to its existing fleet of burn tables, which greatly enhances the company’s efficiencies and ability to of...
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Finance Approves Amended Fast-Track Bill, TAA Along With Preference, Enforcement Bills - 4/24/2015
The Coalition For A Prosperous AmericaPosted: April 23, 2015Updated: The Senate Finance Committee late Wednesday night (April 22) approved by a vote of 20-6 a bill that would extend Trade Promotion Authority (TPA) to the president for up to six years, with amendments regarding its negotiating objectives addressi...
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Donald Trump Slams Pacific Free Trade Deal - 4/24/2015
CNN MoneyBy Alanna Petroff @AlannaPetroff Donald Trump has lashed out against President Obama's plans to create a free trade area across the Pacific.The outspoken businessman, who is known to start brawls on Twitter, sent out a series of tweets explaining his opposition. "The Trans-Pacific Partnership is an attack...
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RTMA April Monthly Meeting - 4/23/2015
On April 16, RTMA Members attended the Monthly Meeting at Rick's Prime Rib House.The featured speaker was Gordon DeLeys, Compliance Assistance Specialist for the U.S. Department of Labor - OSHA. Mr. DeLeys' presentation was titled "Safety Innovation from an OSHA Perspective".  The presentation focused on OSHA...
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RTMA Welcomes New Regular Member - 4/23/2015
WELCOME RTMA REGULAR MEMBERTownline Machine, Inc.Patrick Converse, Vice President...
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U.S.  Oil Prices Fall to Six-Year Low - 3/20/2015
The New York TimesBy Stanley ReedOil prices fell to six-year lows on Monday in the face of concerns that a glut in the United States was outpacing already-brimming storage facilities.Additionally, the Organization of the Petroleum Exporting Countries published a report suggesting that the cartel remained reluctant to i...
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House Republicans Propose Budget With Deep Cuts - 3/20/2015
The New York TimesBy Jonathan WeismanMARCH 17, 2015 WASHINGTON — House Republicans called it streamlining, empowering states or "achieving sustainability." They couched deep spending reductions in any number of gauzy euphemisms.What they would not do on Tuesday was call their budget plan, which slashes spendi...
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All You Need to Know About Income Inequality, in One Comparison - 3/20/2015
The New York TimesMARCH 13, 2015 By Justin Wolfers The Wall Street bonus pool for last year is roughly double the total earnings of all Americans who work full time at the federal minimum wage.That claim, which comes from a new report from Sarah Anderson of the Institute for Policy Studies, is one of the more striking ...
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The Social Security Maze and Other U.S. Mysteries - 3/20/2015
The Social Security Maze and Other U.S. MysteriesThe New York TimesMARCH 13, 2015 By Ron LieberIn recent years, the Boston University economist Laurence J. Kotlikoff has made something of a game — and then, eventually, an art — of cornering smart people and convincing them that they were leaving tens of thousands of So...
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Obama Plans to Use Week to Press Economic Case - 3/20/2015
The New York TimesBy Julie Hirschfeld DavisWhile meeting with the Council of the Great City Schools leadership, the president said that there would be a "major debate" if the Republican budget lowered federal spending on education.WASHINGTON — With Congress pushing to complete a budget plan this week that ref...
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Drop in Manufacturing Takes Shine Off Small Gain in Industrial Production - 3/20/2015
The Wall Street JournalSign of economic weakness or weather-related upheaval?By Josh MitchellU.S. industrial production rose slightly in February, but a decline in manufacturing output offered the latest evidence the economy has softened.Industrial production, which measures the output of manufacturers, utilities and m...
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U.S.  Airlines Battling Gulf Carriers Cite Others’ Experience - 3/20/2015
The Wall Street JournalAir Canada strained diplomatic ties while Lufthansa lost trafficBy Susan CareyTo understand why leading U.S. airlines are mounting a political campaign against growing competition in their markets from Persian Gulf rivals, look at the experiences of flagship airlines in Canada, Germany and Austra...
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Machinists File With NLRB to Hold Union Election at Boeing’s S.C.  Plant - 3/20/2015
The Wall Street JournalUp to 2,400 workers would vote on unionizationBy Jon OstrowerBoeing Co.’s biggest union filed with the National Labor Relations Board for a vote on unionizing 2,400 workers at Boeing’s South Carolina plant, a move that could stoke new tension in the aerospace company’s long-standing battle with o...
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Fed to Markets: No More Promises - 3/20/2015
The Wall Street JournalMove away from explicit interest-rate guidance could unnerve investors used to some measure of clarityBy Jon HilsenrathThe Federal Reserve is about to inject uncertainty back into financial markets after spending years trying to calm investors’ nerves with explicit assurances that interest rates ...
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How a Rising Dollar Is Creating Trouble for Emerging Economies - 3/20/2015
The New York TimesMARCH 16, 2015 By Neil IrwinIn India, it is a leading electric utility, Jaiprakash Power Ventures, selling off facilities and negotiating with lenders to avoid a default, having increasing its debts thirtyfold in six years.In China, it is one of the country’s largest real estate developers, the Kaisa ...
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RTMA Welcomes New Associate Members - 3/18/2015
WELCOME RTMA ASSOCIATE MEMBERSExcellus Blue Cross Blue ShieldLindsey Bishop, Account ConsultantExact SoftwareJessica Boardman, Marketing ManagerLutz & AssociatesCarl Lutz, Financial AdvisorOS-Cubed, Inc.Lee Drake, Chief Executive Officer...
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NYMAT Transitions Business From Dad To Son (D&C Article) - 3/18/2015
...
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OptiPro’s Reach Felt In Several Industries (D&C Article) - 3/18/2015
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RTMA February Monthly Meeting - 3/18/2015
On February 19, RTMA Members attended the Monthly Meeting at Rick's Prime Rib House.The featured speaker was Dr. Mark Krystofik, Ph.D., Senior Program Manager, RIT Center For Excellence in Sustainable Manufacturing, Golisano Institute for Sustainability. Dr. Krystofik's presentation was titled "Latest Developments...
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President’s Message - 3/18/2015
Bob Coyne, Acro IndustriesRTMA PresidentProgram UpdateAs the RTMA implements its programs for 2015, it is tying them to the key variables of innovation, growth and collaboration. For example, the topic for the February Monthly Meeting was "Latest Developments in Inspection Systems". The presentation focused o...
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RTMA Welcomes New Regular Members - 3/18/2015
WELCOME RTMA REGULAR MEMBERSJASCO Heat Treating, Inc.Mike Weed, PresidentRiverside Manufacturing Acquisitions, LLCDale Warner, Director of Human ResourcesNavitar, Inc.Mary Smith, Assistant Controller...
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Department of Labor Offers No-Cost Business Services, Tax Credits and Training Support - 3/18/2015
The New York State Department of Labor has no-cost resources and millions of dollars available to help you grow your business.Training: The Department of Labor has funding available for businesses across the state to help train workers. On-the-Job Training can fund up to $7,900 per employee for wage reimbursement. Cust...
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MWI Products Can Take The Heat (D&C Article) - 3/18/2015
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Steiner Technologies Focuses On Saving Clients Time (D&C Article) - 3/18/2015
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Could Falling Short-Term Unemployment Finally Spark Wage Growth? - 11/25/2014
The Wall Street JournalBy Eric MorathMeaningful growth in wages could finally be in the cards if one measure of unemployment continues to decline.The short-term jobless rate—unemployment for workers out of a job for six months or less—could fall below 4% for the first time since the recession began when the October job...
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Volvo Needs to Gain U.S.  Market Share, CEO Says - 11/25/2014
The Wall Street JournalHåkan Samuelsson Is Banking on a Family-Sized SUV and Volvo’s Safe Reputation to Gain Traction in U.S.By John D. Stoll And Sven GrundbergLOS ANGELES— Håkan Samuelsson has an admirable vision for Volvo Car Corp. By 2020, the company’s chief executive says no one will be seriously killed or injured...
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A Two-Year Plan to Lower Your Taxes - 11/25/2014
The Wall Street JournalBunching Deductible Expenses Into Every Other Year Can Lower Taxes Over TimeBy Brett ArendsHere’s another reason to be generous during the holiday season: You could lower your tax bill by making next year’s charitable donations before Dec. 31 and prepaying next year’s state and local taxes.By doi...
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Joblessness Fell in Most States in October.  How Does Yours Compare? - 11/25/2014
The Wall Street JournalBy Jeffrey SparshottThe lowest unemployment rates in the U.S. remained concentrated in the Midwest last month, though broad improvement across the country signals a steadily improving economy.Thirty-four states and the District of Columbia saw falling unemployment rates in October compared with S...
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Alliant Techsystems Expects Gun Market to Stabilize in Late 2015 - 11/25/2014
The Wall Street JournalAlliant Techsystems CEO: Market Typically Takes About 18 Months to Correct From a PeakBy Doug CameronThe domestic sports shooting market should stabilize by the end of next year after a sharp slowdown in sales that has rocked retailers and gun makers, the head of the largest U.S. ammunition maker...
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RTMA Annual Meeting - 11/25/2014
On October 16, RTMA Members attended the Annual Meeting at Rick's Prime Rib House.The featured speaker was Dr. Michael Haselkorn, who is a Research Faculty Member at the Golisano Institute for Sustainability.  Dr. Haselkorn’s presentation focused on Additive Manufacturing Technologies. ...
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Few employers dropping health benefits, surveys find - 11/25/2014
The Washington PostThe Affordable Care Act is not causing much loss of employer-sponsored coverage so far. By Amy Goldstein The Affordable Care Act so far has not prompted the nation’s employers to drop health benefits for some or all of their workers as critics of the law had predicted, according to two major surveys ...
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Ford’s New Aluminum-Bodied F-150 Truck More Gas Efficient - 11/25/2014
The Wall Street JournalFord Also Says It Is Working on Hybrid for 2020 and 10-Speed Transmission with GMBy Mike RamseyFord Motor Co. said its aluminum-bodied F-150 pickup mated with a new 2.7-liter, turbocharged V6 can achieve 22 mpg overall and 26 mpg on the highway, the best of any gasoline-fueled, full-size pickup a...
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Most Young Americans Unsure or Glum on Job Prospects, Fed Survey Says - 11/24/2014
The Wall Street JournalBy Pedro Nicolaci da CostaThe jobless rate for Americans aged 20 to 24 was 10.1% in October, while the rate for workers between the ages of 25 and 34 was 6.1%, both higher than the overall rate.The last U.S. recession made it harder for young workers to find stable, full-time work, leaving most o...
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RTMA Welcomes New Regular Members - 11/24/2014
WELCOME RTMA REGULAR MEMBERSIngleside MachineJan Veomett, President AmbrellJen Fitzgerald, Human Resource Manager ...
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President’s Message - 11/24/2014
Bob Coyne, Acro Industries, Inc.RTMA PresidentProgram UpdateThe RTMA is providing programs to promote innovation and growth for its members.  For example, the Board of Directors will be exploring the development of a series of seminars, at the Saunders College of Business at RIT, regarding manufacturing innovation.  At...
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This Won’t Be the Last You Hear of Minimum Wage - 11/24/2014
The Wall Street JournalBy Eric Morath and Matt StilesSupporters of raising the minimum wage rally in October in Illinois. The success of referendums in Alaska, Arkansas, Nebraska, and South Dakota and legislative votes this year to raise the minimum wage in 10 other states may encourage more Republicans to support a hi...
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Economists Call October Inflation Measure ‘Distorted,’ a ‘Statistical Quirk’ - 11/24/2014
The Wall Street JournalBy Jeffrey Sparshott    The producer-price index for final demand, which measures changes in the prices firms receive for their goods and services, rose a seasonally adjusted 0.2% in October from a month earlier, the Labor Department said Tuesday.    The Labor Department this year revamped its pr...
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It’s Crunch Time in Congress for Tax Breaks - 11/24/2014
The New York TimesBy JONATHAN WEISMANWASHINGTON — The Georgia Aquarium is hardly a showcase in Atlanta urban renewal. The largest marine exhibit in the United States sits near the World of Coca-Cola museum, CNN headquarters, the city’s lavish sports stadiums and its famed Centennial Olympic Park — an area more playgrou...
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Slow Debut for Toyota Fuel-Cell Car - 11/24/2014
The Wall Street JournalAuto Maker Expects Modest Production of Its $57,000 Mirai SedanBy Mike RamseyNEWPORT BEACH, Calif.— Toyota Motor Corp. this week unveiled a $57,000 fuel-cell car and plans for a U.S. network of hydrogen-fueling stations.But its splashy debut at this affluent coastal community included a message o...
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RTMA Welcomes New Associate Members - 11/24/2014
WELCOME RTMA ASSOCIATE MEMBERSMorris Great LakesTom Zimmermann, Account Manager Monroe 2 - Orleans BOCESJill Slavny, Executive PrincipalDurham Commercial Capital Corp.Craig McGrain, President ...
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President's Message - 10/1/2014
Bob Coyne, Acro Industries, Inc.RTMA PresidentAddressing Critical Topics For ManufacturingRecently, the RTMA sent a survey to its members regarding their level of interest in a variety of critical topics for manufacturing. We received a 50% response rate (which is high). Our intention is to provide informational progra...
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2014 Golf and Clambake Event at Locust Hill Country Club - 9/30/2014
175 attendees enjoyed the 2014 Golf and Clambake Event at Locust Hill Country Club.  We had 140 golfers who were joined by 35 more guests for the evening's Clambake.  We would like to offer a big "Thank You" to our volunteers, and to the sponsors who made this event so successful:Platinum Sponsor:  Rochester ...
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Pay Up: Federal Regulations Cost U.S. Economy More Than $2 Trillion Annually - 9/29/2014
Pay Up: Federal Regulations Cost U.S. Economy More Than $2 Trillion AnnuallyThe Business CouncilNew NAM Study Shows Small Manufacturers in New York and Nationwide Face More than Three Times the Burden of the Average U.S. BusinessAlbany, N.Y., September 10, 2014 – Complying with federal regulations costs Americans $2.02...
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As Doctors Lose Clout, Drug Firms Redirect the Sales Call - 9/29/2014
The Wall Street JournalAt Big Hospital Systems, Salespeople Woo Administrators to Get on 'Formulary'By JONATHAN D. ROCKOFF SAN DIEGO—Kendall French used to pitch drugs to doctors who could prescribe them.But many of those doctors now work for hospitals that don't give them final say over what is on the menu of m...
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U.S.  Durable Goods Orders Fall 18.2% in August - 9/29/2014
The Wall Street JournalAircraft Purchases Down from July Record High, Orders Up Outside Transportation CategoryBy BEN LEUBSDORF WASHINGTON—Orders for long-lasting manufactured goods tumbled last month as aircraft purchases pulled back from July's record high, but a pickup in demand for machinery and other big-ti...
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U.S.  Jobless Claims Rise 12,000 in Latest Week - 9/29/2014
The Wall Street JournalLow Pace of Layoffs Keeps Initial Claims Near Prerecession LevelsBy  JONATHAN HOUSE and BEN LEUBSDORF WASHINGTON—The number of new applications for unemployment benefits climbed last week, but a low pace of layoffs kept initial claims near prerecession levels.Initial claims for unemploymen...
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China Uncovers Almost $10 Billion in Fraudulent Trade-Financing Deals - 9/29/2014
The Wall Street JournalOfficial Says Crackdown Started in April 2013BEIJING—A Chinese probe into trade financing found nearly $10 billion in fake deals, a senior official said, in the latest warning over practices that raised concern over potential losses among foreign and Chinese banks this year.The remarks on Thursda...
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New Report Shows Status Quo on Infrastructure Hampers Competitiveness - 9/29/2014
National Association of ManufacturersU.S. Manufacturers won’t reach economic potential without public-private partnership and commitment to infrastructure investmentContact: Jamie Hennigan (202-637-3090)Washington, D.C. - A new study commissioned by the National Association of Manufacturers (NAM) and conducted by Infor...
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Labor Gains and Labor Pains - 9/29/2014
U.S. Chamber of Commerce — Written by J.D. FosterEmployment numbers have finally recovered their prerecession levels, and the September unemployment rate at 6.1% approaches levels normally associated with "full employment." Other indicators, like initial weekly unemployment claims around 300,000...
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Polishing Up Nifty Bar - 9/29/2014
Democrat and ChronicleBy: Jeff WitherowThe Profile: John Raimondi – Nifty BarWho: John Raimondi is CEO and President of Nifty Bar Grinding & Cutting Solutions, Inc.Where: 450 Whitney Road, PenfieldInteresting fact: Raimondi is a golf fanatic. He not only walks the talk, but he walks the walk. The Midvale Country Cl...
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Obituary: Donald Smith, Past RTMA President - 9/29/2014
Donald L. SmithObituaryPittsford: Died peacefully September 8, 2014 at the Wilmot Cancer Center with his loving wife of 41 years, Annette Rogers Smith, at his his side. Survived by sister, Patricia (William) Langley and Carol (David) Colombo; brother-in-law, James (Andrea) Rogers; 7 nephews; 3 nieces; several great nep...
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Corruption Charges Fly in Trial Over Indian Helicopter Deal - 9/29/2014
The Wall Street JournalTrial of Former AgustaWestland CEO Is Latest in String of Indian Defense-Corruption ScandalsBy GEETA ANAND, ERIC SYLVERS and RAJESH ROY NEW DELHI—When the chief executive of helicopter maker AgustaWestland spotted executives from rival Sikorsky Aircraft Corp. across the dining room in the ...
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The Nation’s Economy, This Side of the Recession - 9/26/2014
The New York TimesBy ALICIA PARLAPIANO, SHAILA DEWAN AND NELSON D. SCHWARTZLost Jobs, Missing Workers, Stagnant WagesAfter a long climb from the valley, the number of jobs has finally reached the previous peak of January 2008, with gains of more than 8.5 million jobs since early 2010. Still, the working-age population ...
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German Firms Go on U.S. Buying Spree - 9/26/2014
The Wall Street JournalFlurry of M&A Activity Has Ramped Up Over Past WeekBy DANIEL MICHAELS and SHAYNDI RAICE FRANKFURT—German companies are on a buying spree—and the U.S. is their biggest target.On Monday, pharmaceutical firm Merck KGaA said it would buy Sigma- Aldrich Corp., a life-sciences company based ...
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U.S.  Steel’s Mario Longhi Takes on a Heavy Load - 9/26/2014
The Wall Street JournalCost-Cutting CEO Attempts to Turn Off 'Road to Destruction' After Five Years of LossesBy JOHN W. MILLER PITTSBURGH—When Mario Longhi took the reins of U.S. Steel Corp. a year ago, the company was, in his words, on "a road to destruction."Bloated costs, expensive projects, fat com...
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Siemens to Buy Dresser-Rand for $6.4 Billion - 9/26/2014
The Wall Street JournalDeal Will Help German Company Build Its Presence in U.S. Shale-Gas BoomBy SHAYNDI RAICE and CHRISTOPHER ALESSI German engineering company Siemens AG announced a deal to acquire U.S. oil-equipment maker Dresser-Rand Group Inc. for $6.4 billion.The Houston-based company is fetching $83 a sha...
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National Association of Manufacturers Economic Report - 9/25/2014
The latest NAM/IndustryWeek Survey of Manufacturers found that businesses are generally upbeat about the coming months. Manufacturing respondents expect 4.4 percent growth in sales on average over the next 12 months, the fastest pace of expected growth in new orders since the first quarter of 2012, when the sector was ...
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RTMA Welcomes New Associate Member - 9/25/2014
WELCOME RTMA ASSOCIATE MEMBERAdvanced Motion Systems, Inc.Ryan Mark, Applications Engineer...
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China Tells Domestic Companies – Go Make Overseas Acquisitions - 9/25/2014
The Coalition For A Prosperous AmericaBEIJING — China’s outbound investment more than doubled in August to $12.62 billion, data showed Tuesday, far outstripping foreign direct investment (FDI) into the country, which fell to a four-year low.China has been actively acquiring foreign assets, particularly energy and resou...
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Deaths From Faulty Switch in G.M.  Cars Edge Higher - 9/25/2014
The New York TimesBy HILARY STOUTThe death toll from accidents involving General Motors cars with a defective ignition switch has edged up again. In a weekly update of claims filed to the victim compensation program run by the compensation expert Kenneth R. Feinberg, the program disclosed that 21 death claims had been ...
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Philips Plans to Split Into Two Companies - 9/25/2014
The Wall Street JournalDutch Conglomerate Could Spin Off Lighting Business in an IPO as Early as 2016By MAARTEN VAN TARTWIJK AMSTERDAM—Dutch electronics group Philips NV said Tuesday it would split itself into two companies, spinning off its iconic lighting business 123 years after making its first incandescent light b...
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RTMA Welcomes New Regular Members - 9/25/2014
WELCOME RTMA REGULAR MEMBERSAAA Welding FabricationSam Dinch, Owner Advanced Mold & ToolingJulius Bartl, Manufacturing Manager ZIP Products, Inc.Nick Petukhov, President...
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President's Message - 7/2/2014
Bob Coyne, Acro Industries, Inc.RTMA PresidentRTMA Launches Program to Accelerate Members’ GrowthIn collaboration with the Saunders Business College at RIT, the RTMA has developed a program addressing strategic growth for manufacturing. The goal is to provide RTMA Members with a benefit that will directly affect and in...
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Defibrillator proves to be a lifesaver - 7/2/2014
The Democrat and ChronicleBy John SpauldingRoutinely prompt, Hamlin has performed his job without fail for the last 25 years.But on this day, he would be clinically dead.After starting to set up his machine on May 1, he said he "felt a little chest pain" but added he thought that if it was a heart attack, he ...
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June 2014 Golf Event at Ridgemont Country Club - 7/2/2014
143 golfers enjoyed the 2014 RTMA Golf Event at Ridgemont Country Club.  We would like to offer a big "Thank You" to all of our volunteers, and to the sponsors who made this event so successful:M&T Bank (Gold Sponsor)OptiPro (Silver Sponsor)Brown & Brown (Event Sponsor)J&G Machine (Beverage Cart S...
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U.S.  June Auto Sales Keep Climbing - 7/1/2014
The Wall Street JournalGM, Fiat Chrysler Gain as Ford Falls Over Year EarlierBy MICHAEL CALIA General Motors Co. continued to throw off worries over its massive safety recalls as consumers pushed up its June U.S. sales while Fiat Chrysler Automobiles NV's sales continued to soar on demand for its pickup and spor...
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Manufacturers Bullish on Expected Sales and Capital Spending - 7/1/2014
National Association of ManufacturersManufacturers Bullish on Expected Sales and Capital SpendingContrasted with vast majority who say Washington is on the wrong trackContact: Jamie Hennigan (202-637-3090)WASHINGTON, D.C., 06/09/14 - Manufacturers are bullish about the future, projecting both the largest increase in ca...
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Kansas City Fed: Manufacturing Activity Expanded at a Slower Rate in June - 7/1/2014
Shop Floor – A Manufacturing BlogPosted by: Chad Moutray under Economy on June 26, 2014 The Kansas City Federal Reserve Bank said that manufacturing activity expanded at a slower rate in June; nonetheless, growth was positive for the sixth straight month. The composite index of general business activity fell from 10 in...
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New EPA Rule Will Threaten Manufacturers Competitive Advantage - 7/1/2014
National Association of ManufacturersNew EPA Rule Will Threaten Manufacturers Competitive AdvantageClear indication administration fundamentally against "all-of-the-above" energy strategyContact: Jamie HenniganWASHINGTON, D.C., 06/02/14 – National Association of Manufacturers (NAM) President and CEO Jay Timmo...
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The Fed Needs to Return to Monetary Rules - 7/1/2014
The Wall Street JournalThe economic outcomes when the central bank plays it by ear have not been good, especially in the last decade.By JOHN B. TAYLORAs the Federal Reserve's large-scale bond purchases wind down, financial markets and policy makers now are focused on when the Fed will move to increase interest rates. T...
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RTMA Welcomes New Associate Members - 7/1/2014
WELCOME RTMA ASSOCIATE MEMBERSESL Federal Credit UnionAlan Tomidy, Relationship ManagerJust SolutionsHeather Jones, Business Development Manager...
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Monday Economic Report - 7/1/2014
National Association of ManufacturersThe Federal Reserve Bank downgraded its estimates of growth for 2014, with real GDP growth of 2.1 percent to 2.3 percent. This was down from its March projection of 2.8 percent to 3.0 percent, largely due to weaknesses in the first quarter. Nonetheless, the Federal Reserve still pro...
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Image of Manufacturing - 7/1/2014
Manufacturing InstituteToday’s young people want to solve problems, start businesses, make waves, and make money.  But, to accomplish those things, they think they have to be surgeons, lawyers, or Steve Jobs.  They don’t understand that manufacturing careers offer real opportunities to do work that saves lives, puts me...
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Women in Manufacturing - 7/1/2014
Manufacturing InstituteManufacturing faces a serious skills gap. Part of this gap is the underrepresentation of women in the industry. While women make up approximately 50% of the labor force, that number is only about 24% in the manufacturing labor force. A formal research initiative was launched with Deloitte to bett...
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North Dakota’s Latest Fracking Problem - 7/1/2014
The Wall Street JournalBakken Shale Oil Drillers Are Forced to Burn Off Excess GasBy CHESTER DAWSONWATFORD CITY, N.D.—For cattle rancher Vawnita Best, the struggle by North Dakota regulators to keep up with the oil boom strikes close to home: She can see the natural-gas flares of an oil well from her front porch."...
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RTMA Welcomes New Regular Member - 7/1/2014
WELCOMERTMA REGULAR MembeRCorning TropelPenny Zonneville, Plant Manager...
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Federal Health-Exchange Plans to Automatically Renew - 6/30/2014
The Wall Street JournalPolicies and Premium Subsidies Will Carry Over to 2015, Though Rates May ChangeBy LOUISE RADNOFSKY The Obama administration plans to automatically renew for next year the health plans and premium subsidies that consumers obtained through the Affordable Care Act's federal insurance exchange...
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U.S.  Inflation Hits Highest Level for Year and a Half - 6/30/2014
The Wall Street JournalRise Could Weigh on Fed Officials as They Debate When to Raise Interest RatesBy ERIC MORATH U.S. inflation accelerated in May to its highest level in more than a year and a half—a development that could weigh on Federal Reserve officials as they debate when to raise interest rates. But for...
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U.S.  Economy Shrinks by Most in Five Years - 6/30/2014
The Wall Street JournalFinal Revision for First-Quarter GDP Shows 2.9%By JONATHAN HOUSEWeather disruptions at home and weak demand abroad caused a contraction of rare severity in the U.S. economy in the first quarter, renewing doubts about the strength of the nation's five-year-old recovery.Gross domestic product, the ...
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Today in Small Business: The Top Disruptors - 6/25/2014
The New York TimesBy Gene MarksJune 23, 2014The Economy- A Republican who was once Treasury secretary makes the case for a carbon tax.Management- High-end watchmaking is being revived, in part, with the help of at-risk youth.in danger of being delisted by the New York Stock Exchange.top 50 disruptors of 2014.- RadioSha...
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The Nation’s Economy, This Side of the Recession - 6/25/2014
The New York TimesBy Alicia Parlapiano, Shaila Dewan and Nelson D. SchwartzIn the five years since the United States began its slow climb out of the deepest recession since the 1930s, the job market has undergone a substantial makeover. The middle class has lost ground as the greatest gains have occurred at the top and...
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President's Message - 4/28/2014
Bob Coyne, Acro Industries, Inc.RTMA PresidentRTMA / RIT Collaboration on Advanced Manufacturing SolutionsA committee comprised of members from RTMA met with representatives from both the Saunders Business College and The Center for Integrated Manufacturing of RIT. The meetings were to explore programs and services tha...
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2014 Metals Service Center Institute Buffalo Chapter Spring Meeting - 4/28/2014
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Manufacturing Related Details of the 2014-2015 New York State Budget - 4/28/2014
The Manufacturers Alliance of New York (MACNY)This memorandum provides a brief outline of the changes made that impact the statewide manufacturing sector, as a result of the final 2014-2015 New York State budget, finalized on March 31, 2014: Definition of a Manufacturer - A "manufacturer" is a taxpayer or com...
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Pay Gap Is Because of Gender, Not Jobs - 4/24/2014
The New York TimesBy:  Claire Cain MillerThat is what some Republicans who voted down the equal pay bill this month would have you believe. "There’s a disparity not because female engineers are making less than male engineers at the same company with comparable experience," the Republican National Committee s...
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April Monthly Meeting - 4/24/2014
On April 17, RTMA Members attended the Monthly Meeting at Rick's Prime Rib House. The featured speaker was Paul Ballentine, Executive Director of the Center for Emerging and Innovative Sciences at the University of Rochester....
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March Monthly Meeting - 4/24/2014
On March 20, RTMA Members toured the newly dedicated Golisano Institute for Sustainability at the Rochester Institute of Technology. GIS undertakes world-class education and research in sustainability.The tour was followed by dinner at the Center for Integrated Manufacturing Studies (CIMS) on the campus of RIT. The eve...
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RTMA Welcomes New Associate Members - 4/24/2014
WELCOMERTMA ASSOCIATE MembeRSMadison One Clearinghouse NetworkTom Agnello, PartnerCanandaigua National Bank & TrustVirgil Joseph, Assistant Vice PresidentRochester Arc and Flame CenterMichael Krupnicki, Executive Director...
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Manufacturers Stunned by Meritless Delay of Keystone XL Pipeline - 4/24/2014
The National Association of Manufacturers (NAM)Administration’s Decision Puts Job Creation on the Back BurnerContact:Matthew Lavoie (202-637-3085)Washington, D.C., 04/18/14 - National Association of Manufacturers (NAM) President and CEO Jay Timmons issued this statement following the White House’s decision to delay the...
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CTE Regents Diploma is Important for Economy - 4/23/2014
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This Time, Get Global Trade Right - 4/23/2014
The New York TimesBy THE EDITORIAL BOARDAPRIL 19, 2014Many Americans have watched their neighbors lose good-paying jobs as their employers sent their livelihoods to China. Over the last 20 years, the United States has lost nearly five million manufacturing jobs. In that same time, however, the prices that Americans pay...
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The American Middle Class Is No Longer the World’s Richest - 4/23/2014
The New York TimesAPRIL 22, 2014By David Leonhardt and by Kevin QuealyThe American middle class, long the most affluent in the world, has lost that distinction.While the wealthiest Americans are outpacing many of their global peers, a New York Times analysis shows that across the lower- and middle-income tiers, citizen...
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More Victims Seek to Bar GM From Skirting Liability - 4/23/2014
The Wall Street JournalAuto Maker Seeks Shield by Asserting Blame Rests With Pre-Bankruptcy GM By Joseph ChecklerMore accident victims are protesting General Motors' use of its 2009 bankruptcy sale to shield it from liability related to an ignition-switch defect, telling a judge GM should be "held accountable for ...
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Degrees of Influence Peddling in China and U.S. - 4/23/2014
The New York TimesAPRIL 23, 2014Neil IrwinTo understand how money and politics intertwine in the world’s two largest economies, look no further than two important articles in The Times in the last few days.First, Michael Forsythe, Chris Buckley and Jonathan Ansfield reported on a Chinese public corruption investigation...
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Big Business ready for war with conservatives over corporate subsidies - 4/23/2014
Washington ExaminerBY TIMOTHY P. CARNEY The U.S. Chamber of Commerce, National Association of Manufacturers, Aerospace Industries...The free-market forces are amassing against the Export-Import Bank, a federal agency that subsidizes U.S. exports, but K Street is hardly sitting idly by. Bloomberg Ne...
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Car-Industry Insiders Ready to Retake Steering Wheel - 4/23/2014
The Wall Street JournalThe Outsiders Who Took Command Amid Crisis Are Now Giving Way to VeteransBy Mike Ramsey Detroit car makers were rescued last decade by a group of outsiders with scant auto industry experience. Now the insiders are retaking the wheel.Later this year, Ford Motor Co. Chief Executive Alan Mula...
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President’s Message - 2/18/2014
Bob Coyne, Acro Industries, Inc.RTMA PresidentStrategic DirectionA component of the RTMA’s efforts this year is working with strategic partners to revitalize regional manufacturing. A case in point is Eastman Business Park. It has been identified as the Finger Lakes Regional Economic Development Council’s number one pr...
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New Study by Harvard Business School Professor and Nam Chief Economist Shows International Software Piracy Hampering Manufacturers in the U.S. - 2/14/2014
National Association of ManufacturersLow-cost imports made by global firms using illegal software have drained $240 billion in revenueContact Matthew Lavoie (202-637-3085)Today, the National Association of Manufacturers (NAM) unveiled a study by Bill Kerr, associate professor at Harvard Business School, and Chad Moutra...
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In Memoriam Arthur A. Rogers - 2/12/2014
On January 18, 2014 Rochester lost one of its most tenured and dedicated members of the machining community, Arthur Rogers. While in high school Arthur asked to be transferred to Edison Tech so he could start his technical education. He graduated from Edison Tech in 1938 and continued taking night classes in mechanical...
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General Motors Profit Falls 13% - 2/7/2014
The Wall Street JournalLargest U.S. Auto Maker Reaffirms 2014 Earnings to 'Modestly' ImproveBy JEFF BENNETT DETROIT - General Motors Co. reported a 13% decline in its fourth-quarter profit as strength in North America and China failed to offset declines elsewhere, with currency problems and costs related to plan...
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U.S.  Productivity Rises at Healthy 3.2% Clip in Fourth Quarter - 2/7/2014
The Wall Street JournalSeen Sustaining Current Uptick in GrowthBy JONATHAN HOUSE WASHINGTON—The productivity of U.S. workers rose at a healthy pace in the fourth quarter, a reflection of broad economic strength at the end of last year.Nonfarm labor productivity, or output per hours worked, rose at a 3.2% annual ...
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U.S.  Jobless Claims Fall More Than Expected - 2/7/2014
The Wall Street JournalDecline in New Claims Is Positive Signal Ahead of Friday's Payroll ReportBy JONATHAN HOUSE WASHINGTON - The number of Americans filing new claims for unemployment benefits fell last week, indicating steady improvement in the job market.Initial claims for jobless benefits, a measure of layo...
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Poll Shows Complicated, Contradictory Feelings on Economy - 2/7/2014
The Wall Street JournalBy REBECCA BALLHAUSHow do Americans feel about the economy? That depends on how you ask.A strong majority of Americans think the U.S. economy remains troubled, but they also are growing more optimistic about their personal financial situations, an NBC News/Marist Poll released Wednesday fo...
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Weakness Continues as 113,000 Jobs Are Added in January - 2/7/2014
The New York TimesBy NELSON D. SCHWARTZEmployers added jobs at a slower-than-expected pace in January, the second month in a row that hiring has been disappointing and a sign that the labor market remains anemic despite indications of growth elsewhere in the economy.Payrolls increased by 113,000, the Labor Department r...
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Senate Fails to Pass Three-Month Extension of Jobless Aid - 2/7/2014
The New York TimesBy JEREMY W. PETERSSenate Democrats on Thursday discussed their efforts to extend unemployment benefits. WASHINGTON — The Senate failed to move forward on a three-month extension of assistance for the long-term unemployed on Thursday, leaving it unlikely that Congress would approve the measure ...
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Higher Minimum Wage Leads Many Firms to Shutter, but New Ones Take Their Place - 2/7/2014
The Wall Street JournalBy Ben LeubsdorfRaising the state minimum wage didn’t have much effect on fast-food employment in California, Illinois or New Jersey in the 2000s. But it did lead to change: a spike in restaurants exiting the market after wages rose, while a bunch of new restaurants moved in."We show that sm...
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January Monthly Meeting - 2/6/2014
 On January 16, RTMA Members attended the Monthly Meeting at Rick's Prime Rib House.  The meeting was sponsored by McDonald Cointot, Crouse, LLP, who are RTMA’s accountants and are responsible for its audit. The featured speaker was Gary Keith, Vice President and Regional Economist at M&T Bank. Mr. Keith has...
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As Minimum Wages Rise, Businesses Grapple With Consequences - 2/6/2014
The New York TimesBy STACY PERMANDolores Riley has many questions and few answers. Along with every other employer in New Jersey, she woke up on New Year’s Day to a new minimum wage — $8.25 an hour, up from $7.25. Even before the increase, Ms. Riley, who owns Gramma’s School House Childcare and Learning Center in Cinna...
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Economists Sound the Alarm on Deflation in Europe - 2/6/2014
The New York TimesBy DAVID JOLLYPARIS — Whether or not Mario Draghi and his European Central Bank colleagues plan to do anything about it at the monthly meeting Thursday, many economists are sounding the alarm. It is time, they say, to act defensively against the danger of deflation."We don’t know if we’re in defl...
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2013 Holiday Social - 2/6/2014
On December 12, the RTMA hosted a Holiday Social at Rick's Prime Rib House.  100 people attended this event to enjoy the open bar, food, and holiday cheer. The evening was a success due to the support and generosity of our sponsors.  Bronze Sponsors:  Brown & Brown of Rochester, ThomasNet, OptiPro SystemsSteel Spon...
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RTMA Welcomes New Associate Members - 1/31/2014
WELCOMERTMA ASSOCIATE MembeRSBank of AmericaAdam Hartwigh, Vice President - Small Business BankerCopier Fax Business TechnologiesRoberta Favitta, Senior Document Solutions Sales Manager...
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Key Bank Economic Quick Takes - 11/11/2013
Dr. Ken Mayland, Clearview Economics, LLCThe numbers.  The economy expanded at a 2.8% annualized rate for the July through September period.  This compares with a 2.5% advance during the April to June quarter.  Broad-based GDP inflation came in at 1.9% for Q3.  Both GDP growth and GDP inflat...
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News Release: RTMA Hosts Manufacturing Summit - 11/11/2013
November 7, 2013A well attended economic summit, "Manufacturing in the Empire State", in Rochester, NY resulted in almost 100 local leaders agreeing that trade, manufacturing strategy, and tax were top priorities for creating jobs and economic growth in New York and the U.S.  T'he Summit, held at the D...
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RTMA Golf Outing and Clambake - 11/11/2013
Over 200 attendees enjoyed the 2013 Golf and Clambake Event at Locust Hill Country Club.  We had over 140 golfers who were joined by 50 more guests for the evening's Clambake.  We would like to offer a big "Thank You" to our volunteers, and to the sponsors who made this event so successful:Platinum Sponsor:  ...
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Young Avoid New Health Plans - 11/8/2013
The Wall Street JournalEarly Buyers of Coverage Are Older Than Expected, Raising Expense ConcernsBy CHRISTOPHER WEAVER and TIMOTHY W. MARTIN Insurers say the early buyers of health coverage on the nation's troubled new websites are older than expected so far, raising early concerns about the economics of the ins...
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National Association of Manufacturers Economic Report - 11/8/2013
By Chad Moutray, Chief EconomistManufacturers continue to report a pickup in activity, even as the pace of growth has varied in the different reports that have come out in the past week. On the more optimistic side, the Institute for Supply Management’s (ISM) Purchasing Managers’ Index (PMI) edged slightly higher from ...
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RTMA Welcomes New Regular Members - 11/8/2013
WELCOMERTMA REGULAR MembeRSCommodore Technology, LLCBrad Braddon, PresidentD2P TechnologiesTom Keyes, OwnerPrecision Packaging ProductsKerry Kyle, PresidentRefracton Technologies, Inc.Darrell Johanneman, CFOVance Metal Fabricators, Inc.Joseph Hennessy, President/CEO...
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You Also Can't Keep Your Doctor - 11/8/2013
The Wall Street JournalI had great cancer doctors and health insurance. My plan was cancelled. Now I worry how long I'll live.By EDIE LITTLEFIELD SUNDBYEveryone now is clamoring about Affordable Care Act winners and losers. I am one of the losers.My grievance is not political; all my energies are directed...
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China’s Central Banker Leads Push to Overhaul Economy - 11/8/2013
The Wall Street JournalZhou Xiaochuan Is Pressing Top Leaders to Embrace Market-Oriented Reforms at Communist Party MeetingBy BOB DAVIS and LINGLING WEI BEIJING—With mandatory retirement looming and little to lose politically, China's central banker, Zhou Xiaochuan, used a Communist Party session last November t...
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NAM Announces Bipartisan Effort to Highlight Competitiveness Challenges Facing Manufacturers - 11/8/2013
National Association of ManufacturersFORMER SENS. LINCOLN AND ALLEN TO CO-CHAIR MANUFACTURING COMPETITIVESS INITIATIVEContact: Jamie Hennigan (202) 637-3090)WASHINGTON, D.C., 10/29/13 - The National Association of Manufacturers (NAM) announced today that former Sens. Blanche Lincoln (D-AR) and George Allen (R-VA) will ...
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Manufacturers Downgrade Washington - 11/8/2013
National Association of ManufacturersIT"S TIME TO REBUILD CONFIDENCE WITH PRO-GROWTH POLICIES AND FIX PROBLEMSContact: Matthew Lavoie (202 637-3085)WASHINGTON, D.C., 10/16/13 - After Congress today passed a bill ending the 16-day government shutdown and increasing the country’s borrowing authority, National Associ...
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IBM SmartCloud helps New York State Connect Education to Jobs - 11/8/2013
Posted by Robin WillnerIn 16 school districts across New York State, teachers and administrators have just begun the hard work of reinventing American education. All are winners of the statewide competition announced by Governor Andrew M. Cuomo, the New York State Education Department (NYSED) and The State University o...
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Obama Aide Stakes Out Budget Stance - 11/8/2013
The Wall Street JournalBy  PETER NICHOLAS and  DAMIAN PALETTA The president's top economic adviser said the White House wouldn't try to dictate the shape of a possible deal to avert a set of looming across-the-board spending cuts, but he advised against taking steps that cut the deficit too quickly and could imp...
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Metalico Elevates the Art and Image of Scrap Metal Recycling - 11/6/2013
The Scrap Metal Industry is typically perceived as an unpleasant environment. Metalico is taking the lead role in changing that perception by having an organized facility unlike what a scrap metal yard may have looked like in the past. It is very uncommon for art work to be found in a scrap yard. Metalico aims to educa...
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President’s Message - 11/6/2013
Yvette Pagano, CAR EngineeringRTMA PresidentStrategic DirectionIf you have read the Keynote Address in this month’s newsletter, you will know what the RTMA has been doing and what its’ accomplishments are. I would like to set the tone for the direction the RTMA is headed. First, let’s review the leadership. At the Octo...
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For Obamacare, Some Hurdles Still Ahead - 8/12/2013
The New York TimesBy EDUARDO PORTERLike other big employers, in the mid-1990s Harvard University was struggling with the ballooning cost of providing health insurance.It chose what was a novel solution for the time. It dropped its standard deal — a subsidy that rose in line with the price of the insurance policy — and ...
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Economists React: China’s July Trade Surprise - 8/12/2013
The Wall Street JournalChina’s July trade data was stronger than expected and the improved figures suggest upturns in global and domestic demand. Exports rose 5.1 percent from a year ago while imports chalked up an impressive 10.9 percent rise year on year. Imports and exports were down year-on-year in June.While month...
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Europe Heads Toward Recovery, but Slowly - 8/12/2013
The Wall Street JournalGerman Growth Helps Drive Euro Zone to End of Longest Recession in Decades, Though Severe Unemployment Likely to PersistBy CHARLES FORELLE in London, NINA ADAMin Frankfurt and in Madrid, ILAN BRATEurope's longest recession since World War II appears to be on the verge of ending, driven by ...
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The Price of ‘Made in China’ - 8/12/2013
The New York TimesBy PETER NAVARROHERE is a symbol of China’s assault on the American economy: the Verrazano-Narrows Bridge, which connects Brooklyn and Staten Island. This landmark, which opened in 1964, is North America’s longest suspension bridge. It’s also in urgent need of renovation. Unfortunately, $34 million in...
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President’s Message - 8/9/2013
Yvette Pagano, CAR EngineeringRTMA PresidentRTMA Fall Event at Locust HillThe RTMA is once again providing the opportunity to enjoy a day of golf at Locust Hill Country Club on September 23. Golf will be followed immediately by the RTMA’s traditional Clambake. The Golf Outing and Clambake are available at $205 if you r...
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MCC Education and Training Grant Opportunity - 8/8/2013
Monroe Community College Office of Workforce Development is seeking RTMA Members interested in participating in a comprehensive education and training program. This opportunity will be funded by a grant through the State University of New York (SUNY)."This grant provides an excellent vehicle to train our members’ ...
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U.S.  Factory Orders Rise 1.5% - 8/6/2013
The Wall Street JournalAircraft Demand, Up 32%, Paces GainBy  SARAH PORTLOCK And JOSH MITCHELLWASHINGTON—Demand for U.S. factory goods rose in June, boosted by higher demand for aircraft, as businesses stepped up investments but at a slower pace than earlier in the spring.Total factory orders expanded 1.5% to a seasona...
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Low Pay Clouds Job Growth - 8/6/2013
The Wall Street JournalUnemployment Rate Falls but Hiring Growth Slows; Quality of Positions a ConcernBy BEN CASSELMANThe U.S. labor market's long, slow recovery slowed further in July—and many of the jobs that were created were in low-wage industries.Employers added a seasonally adjusted 162,000 jobs in July, the fewe...
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China’s Sinovel Wind Group Sets Rules to Prevent Accounting Errors - 8/6/2013
The Wall Street JournalOne-Time Wind-Energy Champion Has Suffered Series of SetbacksBy WAYNE MABEIJING—A Chinese company accused by U.S. prosecutors of stealing trade secrets outlined new measures to respond to separate accounting problems, as China's onetime wind-energy champion struggles to recover from a series of s...
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New Links Emerge in the IRS Scandal - 8/6/2013
The Wall Street JournalEmails released this week sweep the Federal Election Commission into the conservative-targeting probe.By KIMBERLEY A. STRASSELCongressional investigators this week released emails suggesting that staff at the Federal Election Commission have been engaged in their own conservative targeting, with ...
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China Reports Increase in Manufacturing - 8/6/2013
The New York TimesBy BETTINA WASSENERHONG KONG — A manufacturing index published by the Chinese authorities on Thursday provided an unexpectedly solid reading for July but did little to dispel the picture of an economy that is cooling more rapidly than many analysts had expected just months ago.The reading, published b...
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An Economy Stuck in Second Gear - 8/6/2013
The New York TimesBy JARED BERNSTEINAt the risk of being too folksy by half, think of the economy as a car with a standard transmission where each gear corresponds to economic growth — first gear is 1 percent growth; second gear is 2 percent; recession is reverse, etc. (It’s an easy analogy for me because I still drive...
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A World of Rising Health Care Costs - 8/5/2013
The New York TimesBy EDUARDO PORTERAmericans are used to hearing that health care will bust the budget. The Congressional Budget Office projected last year that Medicare, Medicaid and other government health programs would eat up 9.6 percent to 10.4 percent of the nation’s gross domestic product by 2037, crowding out m...
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Carbon Tax is Bad Medicine for Recovering Economy - 8/5/2013
National Association of ManufacturersHouse Amendment Would Stop Backdoor Implementation of Devastating RegulationWASHINGTON, D.C., 08/01/13 - National Association of Manufacturers (NAM) President and CEO Jay Timmons today voiced strong support for an amendment offered by Rep. Steve Scalise (R-LA). The amendment would r...
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Manufacturers in the Courts - 8/5/2013
July 2013The Manufacturers in the Courts is a monthly publication that highlights significant cases affecting manufacturers. The NAM’s Manufacturing Law Center becomes involved in many of these cases to provide the judicial branch with an important perspective it might not otherwise hear. The NAM provides a voice for a...
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Toyota Profit Surges on Back of Weak Yen - 8/5/2013
The Wall Street JournalApril-June Net Profit Surges 94%By YOREE KOH and YOSHIO TAKAHASHITOKYO—Toyota Motor Corp. posted a record quarterly profit of ¥562.2 billion ($5.63 billion) and raised its outlook for the year, benefiting from years of cost-cutting and a windfall from a weaker yen.Toyota's bottom line for its fis...
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The Sleeper in Health Care Payment Reform - 8/5/2013
The New York TimesBy UWE E. REINHARDTIn late June news organizations reported on a practical application in the United States of "reference pricing" for hospital care.The concept has been well known for decades to health policy wonks and already applied to prescription drugs in many other countries, bu...
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Natural Gas Key to Upstate Economic Recovery - 8/5/2013
The Business CouncilJul 23, 2013by Kristin LegereAn op-ed in Sunday’s Times Union urging Governor Cuomo to make a decision in support of natural gas drilling in New York State cites statistics from The Business Council of New York State affiliate, The Public Policy Institute of New York State (PPI), to illustrate how N...
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U.S.  Adds 162,000 Jobs as Growth Remains Sluggish - 8/2/2013
The New York TimesBy CATHERINE RAMPELLPublished: August 2, 2013America’s employers added 162,000 jobs in July, fewer than expected, with the previous two months revised downward slightly as well.So the debate now is whether, for taper purposes, the Fed puts more weight on tepid job growth or fall in unemployment rate.T...
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Kodak and Kingsbury announce agreement on touch screen sensors - 8/2/2013
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RTMA Welcomes New Associate Member - 8/1/2013
WELCOMERTMA ASSOCIATE MembeRTri-State EmploymentTodd Comfort, Regional Sales Manager...
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RTMA Welcomes New Regular Members - 8/1/2013
WELCOMERTMA REGULAR MembeRSD.B. Webb, Inc.Dean Webb, PresidentH.S. Assembly, Inc.David Marcellus, President...
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June 2013 Golf Outing - 8/1/2013
144 golfers enjoyed the 2013 RTMA golf tournament at Ridgemont Country Club.  We would like to offer a big "Thank You" to all of our volunteers, and to the sponsors who made this event so successful:M&T Bank / Wilmington Trust (Platinum Sponsor)Brown & Brown (Sponsor), Trident Precision (19th Hole Spo...
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RTMA Welcomes New Regular Member - 6/19/2013
WELCOMERTMA REGULAR MembeRDoug's Machine ShopDouglas Leonard, President...
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President's Message - 6/18/2013
Yvette Pagano, CAR EngineeringRTMA PresidentPlacement Program UpdateThe RTMA is providing and subsidizing a human resource consulting program. This is a program that greatly reduces the cost of searching for and hiring qualified candidates. Over the past several months, eleven candidates for employment have been succes...
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Labor Costs Fall Sharply in a Likely Tax-Driven Blip - 6/6/2013
The Wall Street JournalBy ERIC MORATH And JONATHAN HOUSEWASHINGTON—Labor costs for U.S. businesses plunged in the first three months of 2013, partly reversing a surge driven by tax considerations in the prior quarter, while productivity grew slowly amid a tepid expansion.The drop in labor costs was...
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More Signals of Slumping Manufacturing - 6/6/2013
The Wall Street JournalBy Josh Mitchell and Jeffrey SparshottTrouble in the manufacturing sector has been mounting for months, and several signals this week indicated the pain could continue into the summer.The latest data Wednesday showed that the manufacturing sector entered the spring on weaker footing even before t...
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Manufacturing Insitute Background on the NAM-Endorsed Skills Certification System - 6/6/2013
Manufacturing InstituteBackground on the NAM-Endorsed Skills Certification System82% of manufacturers report a moderate or serious skills gap in skilled production74% of manufacturers report that this skills gap has negatively impacted their company’s ability to expand operations69% of manufacturers expect the skills s...
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Sizing Up Health Costs - 6/5/2013
The Wall Street JournalHow Three Business Owners Are Coping With New Insurance RequirementsBy EMILY MALTBY and SARAH E. NEEDLEMANSmall employers across the U.S. are struggling to get a handle on their health-care costs under the Affordable Care Act.Many of them say they expect their operating expenses to jump in 2014, ...
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Risk-Averse Culture Infects U.S.  Workers, Entrepreneurs - 6/5/2013
The Wall Street JournalBy BEN CASSELMANAmericans have long taken pride in their willingness to bet it all on a dream. But that risk-taking spirit appears to be fading.Three long-running trends suggest the U.S. economy has turned soft on risk: Companies add jobs more slowly, even in good times. Investors put less money ...
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Chrysler Balks at Jeep Recall - 6/5/2013
The Wall Street JournalBy CHRISTINA ROGERSChrysler Group LLC, in an unusual act of defiance, rejected a U.S. auto safety regulator's request it recall 2.7 million Jeeps to repair fuel tank designs that the government says pose a risk of fires in rear-end crashes.The National Highway Traffic Safety Administration reques...
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U.S.  Treasury Accelerates GM Exit - 6/5/2013
The Wall Street JournalBy JEFFREY SPARSHOTTWASHINGTON—The U.S. Treasury Department said Wednesday it would sell 30 million shares of General Motors Co., accelerating its exit from the auto maker it bailed out during the financial crisis.The public offering would coincide with GM's inclusion in the S&P 500 Index, wh...
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Allegiant Air: The Tardy, Gas-Guzzling, Most Profitable Airline in America - 6/5/2013
The Wall Street JournalAllegiant's Airplanes Guzzle Gas and Are Often Tardy; But Its Strategy Is WorkingBy JACK NICASLAS VEGAS—While much of the airline industry retreats from small cities across the U.S., one scrappy carrier has been finding big profits in their wake.Allegiant Travel Co., a 16-year-old carrier that fl...
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The Fed and Inequality - 6/4/2013
The New York TimesBy ANNIE LOWREYIs the Federal Reserve a driving force behind the post-recession growth in inequality? It’s a provocative idea, voiced by writers including Neil Irwin and Robert Frank.It is certainly true that inequality, in terms of both income and wealth, has widened since the recession. A stu...
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Key Bank Economic Quick Takes - 6/4/2013
By Dr. Ken Mayland, Clearview Economics, LLCHere’s my quick take. 1. The numbers, part 1.  The Institute for Supply Management (ISM) reported that its summary Purchasing Manages’ Index (PMI) fell 1.7 points, for a May reading of 49.0.  According to the ISM, a reading below 50 would typically be associated with a contra...
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Why Tech Manufacturing Jobs are Coming Back to America - 6/4/2013
InfoWorld.comCompanies are moving manufacturing closer to high-tech hubs to better protect intellectual property, serve customersBy Ted Samson | InfoWorldFor the first time in more than a decade, technology manufacturing jobs are on the rise in the United States, according to new research fr...
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China Losing Jobs to U.S.  Manufacturer - 6/4/2013
NJ NewsroomBY REBECCA SHEEHANNEWJERSEYNEWSROOM.COMMoving jobs from China back to a small town in Pennsylvania is exactly what a 125-year old medical device manufacturer is trying to accomplish.DeVilbiss Healthcare, which is a world leader in the design, manufacture, and marketing of respiratory medical products that ad...
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Ford Showing Its Vigor as Industry Recovers - 6/4/2013
The New York TimesBy JACLYN TROPBut in the world of the post bailout auto industry, that firmament has gradually shifted, as Ford has introduced appealing fuel-efficient models while G.M. has contracted, dropping brands and reducing capacity.On Monday, Ford continued to chip away at its rival, reporting a robust 14 per...
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Obama’s Covert Trade Deal - 6/4/2013
The New York TimesBy LORI WALLACH and BEN BEACHYWASHINGTON — THE Obama administration has often stated its commitment to open government. So why is it keeping such tight wraps on the contents of the Trans-Pacific Partnership, the most significant international commercial agreement since the creation of the World Trade ...
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Manufacturing Growth in China Appears to Be Stabilizing - 6/4/2013
The New York TimesBy BETTINA WASSENERHONG KONG — Two surveys that take the temperature of China’s manufacturing sector showed an economy that appears to have stabilized for now, but that is struggling to recover some of the momentum it lost at the start of the year.The two purchasing managers’ indexes — one released by...
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Kissing Away the Corporate Tax - 6/4/2013
The New York TimesBy EDUARDO PORTERMy column on Wednesday startled some readers. Was I proposing to do away with corporate taxes simply because globalization is making it easier for multinational companies to avoid them? Should we really just roll over and accept defeat?Well, other advanced nations seem on their way to...
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Uneven Gains Signal U.S.  Car Demand Near Plateau - 6/4/2013
The Wall Street JournalTrucks, SUVs Up Strongly, but Uneven Results May Signal PlateauBy CHRISTINA ROGERS and NEAL E. BOUDETTEStrong demand for pickup trucks and sport-utility vehicles boosted U.S. sales in May for major auto makers, but the auto industry rebound that has helped buoy the U.S. economy since early last y...
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China Data Present Muddled Picture - 6/4/2013
The Wall Street JournalBEIJING—China got a dose of conflicting economic data in recent days, as two measures of business activity on Monday showed further weakness in May and contradicted a survey released on Saturday that pointed to a modest upturn in the world's second-largest economy.The two readings that were relea...
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RTMA Welcomes New Associate Member - 6/4/2013
WELCOMERTMA ASSOCIATE MembeRNew York Crane & ServicesThomas Kelley, Business Unit Director...
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China Is Reaping Biggest Benefits of Iraq Oil Boom - 6/4/2013
The New York TimesBy TIM ARANGO and CLIFFORD KRAUSSBAGHDAD — Since the American-led invasion of 2003, Iraq has become one of the world’s top oil producers, and China is now its biggest customer.China already buys nearly half the oil that Iraq produces, nearly 1.5 million barrels a day, and is angling for an even bigger...
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Monthly Meeting Overview - 6/3/2013
On May 23rd, RTMA Members toured Monroe Community College’s Applied Technologies Center.  They were briefed on the college’s precision machining education and training program.  Further, they had the opportunity to tour the facility and observe students working in the machine laboratory.The MCC Tour was f...
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President's Message - 5/13/2013
Yvette Pagano, CAR EngineeringRTMA PresidentWorkforce Development UpdateThe RTMA continues to work to promote careers in precision machining and create ways and means for members to benefit from its efforts. For example, the RTMA is implementing an accelerated, six-month job training program, in collaboration with Monr...
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Opinion: Dispelling myths about manufacturing - 5/10/2013
The Washington PostBy James Manyika and Katy George, Published: April 30Recent months have brought more signs of recovery in the manufacturing sector, including new hiring, surging exports and a spate of stories about manufacturers "reshoring" jobs that had once been done overseas. Surely...
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April Monthly Meeting - 5/10/2013
 On April 18th, RTMA Members attended the Monthly Meeting at Rick's Prime Rib House.  The meeting was sponsored by Financial Architects.  Financial Architects specializes in financial planning, investment management, retirement planning, insurance and advisement needs. The featured speaker was Bill Nojay, host o...
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EU to Slap Tariffs on Chinese Solar Panels - 5/7/2013
The Wall Street JournalBy MATTHEW DALTONBRUSSELS—The European Union is poised to slap import duties on solar-panel equipment made in China, likely sparking one of the largest trade battles of recent decades.The duties are intended to protect European solar companies reeling from a flood of imported Chinese solar...
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Slowdown in Health Costs’ Rise May Last as Economy Revives - 5/7/2013
The New York TimesBy ANNIE LOWREYPublished: May 6, 2013WASHINGTON — One of the economic mysteries of the last few years has been the bigger-than-expected slowdown in health spending, a trend that promises to bolster wages and help close the wide federal deficit over the long term — but only if it persists.Major ...
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Jobs Data Ease Fears of Sharp Slowdown in U.S.  Economy - 5/3/2013
The New York TimesBy NELSON D. SCHWARTZPublished: May 3, 2013  The latest jobs figures from the Department of Labor paint a brighter picture of the overall economy than other recent data, which had been weaker and prompted economists to warn of a spring swoon for the third year in row. Those...
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Adraft 2013 Technology Conference and Executive Session Invitation - 5/3/2013
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Key Bank Economic Quick Takes - 5/3/2013
Here’s my quick take. 1. The numbers, part 1.  The Institute for Supply Management (ISM) reported that its summary Purchasing Manages’ Index (PMI) fell 0.6 points, for a April reading of 50.7.  According to the ISM, a reading above 50 would typically be associated with an expansion of the manufacturing se...
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As Jobs Lag, Fed Is Viewed as Unlikely to Do More - 5/3/2013
The New York TimesBy BINYAMIN APPELBAUMPublished: April 29, 2013  WASHINGTON — The Federal Reserve is making modest progress in its push to reduce the unemployment rate. But that is not the jobs goal Congress actually established for the Fed. The central bank is supposed to be maximizing employment. And o...
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More Forceful Fed Stands by Stimulus - 5/3/2013
The New York TimesBy BINYAMIN APPELBAUMPublished: May 1, 2013WASHINGTON — The Federal Reserve said Wednesday that its economic stimulus campaign would press forward at the same pace it has maintained since December, putting to rest for now any suggestion that it was leaning toward doing less.The Fe...
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Paid Sick Leave Has Some Business Owners Feeling Ill - 5/3/2013
The New York TimesBy ROBB MANDELBAUMWhen the advocates at Family Forward Oregon sought to muster support among businesses in Portland for a local paid sick leave ordinance, they found a sympathetic ear in Tony Fuentes. Mr. Fuentes and his wife operate Milagros Boutique, which sells cloth dia...
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U.S.  Spending Cuts Seen as Key in Slowing Growth - 5/3/2013
The New York TimesBy NELSON D. SCHWARTZPublished: May 2, 2013As chief executive of a small Michigan military contractor, Nanocerox, he had already cut his work force by one-third. But it was not enough. And if the government spending cuts mandated by Congress continue, he said, more people will go in the coming ...
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RTMA Welcomes New Regular Member - 5/2/2013
WELCOMERTMA REGULAR MembeRJK FindingsJoni D. Lucas, Chief Operating Officer...
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Key Bank Economic Quick Takes - 5/2/2013
By Dr. Ken Mayland, Clearview Economics, LLCHere’s my quick take. 1. The numbers.  The economy expanded at a 2.5% annualized rate for the first three months of the year.  This compares with a miniscule 0.4% advance during the last three months of 2012.  Broad based GDP inflation came in at 1.2% for...
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Klein Steel Proud to Announce NQA-1 Compliance - 5/2/2013
Rochester, NY – Klein Steel Service Inc., a nationally recognized metal service center with a focus on innovation and continuous process improvement, announced today that it has attained Nuclear Quality Assurance (NQA-1) compliance as verified by an independent audit. Due to the critical importance of safety, quality a...
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Key Bank Economic Quick Takes - 5/2/2013
By Dr. Ken Mayland, Clearview Economics, LLCApril 2013 Dear Clients, (April 30 is as late as "Late-April" can get.  If you observed that the month’s issue is being released later than normal, you’re right.  I was away from my office a record 19 days this month.  The IRS should feel lucky ...
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State-Wrecked: The Corruption of Capitalism in America - 5/2/2013
The New York TimesBy DAVID A. STOCKMANPublished: March 30, 2013 The Dow Jones and Standard & Poor’s 500 indexes reached record highs on Thursday, having completely erased the losses since the stock market’s last peak, in 2007. But instead of cheering, we should be very afraid.Over the last 13 years, t...
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Federal Cuts Are Concern in Modest U.S.  Growth - 5/2/2013
The New York TimesConsumer spending was up in the quarter, despite the lapse of the temporary payroll tax holiday. Above, shoppers in New York in February.By CATHERINE RAMPELLPublished: April 26, 2013It’s not great, but it’s still probably the best growth the American economy is going to see for a while.Economic...
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Key Bank Economic Quick Takes - 4/3/2013
By Dr. Ken Mayland, Clearview Economics, LLCHere’s my quick take. 1. The numbers.  Personal income (PI) for February rebounded 1.1%.  Personal consumption expenditures (PCE, or "consumer spending") grew 0.7% in nominal terms but 0.3% in inflation-adjusted terms.  (Spending in January was ...
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Manufacturers See Slower Gains - 4/2/2013
The Wall Street JournalBy BRENDA CRONINU.S. manufacturers notched a fourth consecutive month of expansion in March, continuing to grow but at a slower pace than in February, with the auto and housing sectors leading the gains.Details of Monday's report from the Institute for Supply Management showed that the pullback f...
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Finding an Innovation Strategy That Works - 4/2/2013
The Wall Street JournalBy FRANK T. ROTHAERMEL and ANDREW M. HESSWhen it comes to pursuing innovation, choosing the right path can be tricky, even for the most seasoned of managers. That's because there are many options from which to choose, and no one-size-fits-all recipe for success.To make it a little easier to find ...
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Olivier Blanchard’s Five Lessons for Economists From the Financial Crisis - 4/2/2013
The Wall Street JournalBy David WesselWhat did the worst financial crisis and deepest recession in 75 years teach academic economists and policymakers on whose watch it happened? At a recent London School of Economics forum, convened to honor Bank of England GovernorMervyn King, Olivier Blanchard offered some answers.M...
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A Health Scare for Small Businesses - 4/2/2013
The Wall Street JournalAhead of Health-Care Law, Small Firms Worry About Crossing the Crucial 50-Person ThresholdBy EMILY MALTBYDuring her two-plus years in business, Elizabeth Turley has steadily recruited new employees for her apparel company, Meesh & Mia Corp., to keep pace with its rapid growth. But this year c...
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GM Throws Down Gauntlet in Truck Mileage - 4/2/2013
The Wall Street JournalBy JEFF BENNETTThe pickup truck mileage war is on, with General Motors Co. claiming on Monday its coming eight-cylinder Chevrolet Silverado and GM Sierra pickup trucks will go farther on a gallon of gasoline than Ford Motor Co.'s six-cylinder F-150 trucks.The Silverado two-wheel-drive mode...
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Hiring Spreads, but Only 14 Cities Top Prerecession Level - 4/2/2013
The Wall Street JournalBy AMY SCHATZEmployers are hiring more readily across the U.S., though only 14 of the nation's 100 biggest metropolitan areas have more jobs now than they did before the 2008-09 recession.Six of them are in Texas, according to researchers at the Brookings Institution, who recently analyzed local ...
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Cuomo’s Job-Depletion Plan - 4/2/2013
The Wall Street JournalHigher taxes, higher minimum wage and no natural gas fracking.President Obama had such fabulous success running for re-election with a lousy jobs record that New York Governor Andrew Cuomo has apparently decided to copy the strategy. If the state's economy continues to fizzle, the Democrat may ev...
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Settling Is Not the Only Way to Resolve an Employee Lawsuit - 4/2/2013
The New York TimesBy ADRIANA GARDELLAPublished: February 20, 2013Many small-business owners respond to employee lawsuits with grudging acceptance that, regardless of whether the company broke any laws, the sooner it pays a plaintiff to go away, the better. As repugnant as this may sound, it is a cost of doing business....
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Rumors of a Cheap-Energy Jobs Boom Remain Just That - 4/2/2013
The New York TimesBy NELSON D. SCHWARTZThese are good times for Libbey, a 125-year-old American glassmaker that nearly went bankrupt four years ago. The company’s shares have risen to almost $20 from below $1, sales of its tableware are at a record high, and its energy-intensive factories saved more than $5 million in ...
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On the Economy, Think Long-Term - 4/2/2013
The New York TimesBy JEFFREY D. SACHSTHE 2009 economic stimulus package has come and gone. So, too, have the temporary payroll tax cuts of 2011-12. Most of the Bush-era tax cuts, in addition, have been made permanent. Yet the lasting effects of these policies have been meager.The economy is still sluggish. Unemployment...
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Strassel: Obama's Energy Security Trap - 4/2/2013
The Wall Street JournalThe Energy Security Trust would give the president more deficit spending, in return for which the GOP would get nothing.By KIMBERLEY A. STRASSELWhat's the best way for President Obama to revive interest in a costly green-energy program? Try a little Republican return-on-investment.Mr. Obama sojou...
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State-Wrecked: The Corruption of Capitalism in America - 4/2/2013
The New York TimesBy DAVID A. STOCKMANThe Dow Jones and Standard & Poor’s 500 indexes reached record highs on Thursday, having completely erased the losses since the stock market’s last peak, in 2007. But instead of cheering, we should be very afraid.Over the last 13 years, the stock market has twice crashed and to...
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Business Council statement on the new state budget - 4/2/2013
For Release – March 29, 2013ALBANY—"For the first time in three decades New Yorkers are seeing the passage of three consecutive on-time budgets. Governor Cuomo, the State Senate and the State Assembly have once again worked together to produce a budget that limits spending to less than 2 percent while closing a $1...
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President's Message - 4/1/2013
Yvette Pagano, CAR EngineeringRTMA PresidentRTMA Board Focused On Strategic AlignmentThe RTMA Board of Directors and I are working with Laurie Allan of Laurie Allan and Associates, LLC. Our purpose is to ensure that our association continues to improve and add value. We will undertake this challenge through a strategic...
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March Monthly Meeting - 3/29/2013
 On March 21st, RTMA Members attended a plant tour and Monthly Meeting.  The evening began with a tour at Klein Steel Service Inc, where RTMA Members learned about the nationally recognized company and its great success.The plant tour was followed by dinner at Rick's Prime Rib House. During dinner, Kevin Kelley,...
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Autodraft, Inc.  (Adraft) headquartered in Fairport NY is celebrating our 25th year in business - 3/15/2013
"The entire team at Adraft is thankful to everyone that has helped us to grow and succeed in assisting engineering and design companies become more efficient utilizing our technology and services." President and Founder Julia Grant said. "We look forward to our collective successes during the next 25 yea...
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Confronting the U.S.  Advanced Manufacturing Skills Gap - 3/15/2013
The American - The Online Magazine of the American Enterprise InstituteBy Thomas A. Hemphill, Waheeda Lillevik, and Mark J. PerryWe have a skills gap and it’s going to get worse. Here’s what we can do about it.It is generally acknowledged that there is a shortage of skilled manufacturing workers in the United States, b...
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Meet new SBDC DIRECTOR at SUNY GENESEO focused on Manufacturing - 3/15/2013
I wanted to take an opportunity to introduce myself and welcome you to the Small Business Development Center (SBDC) located on the campus of SUNY Geneseo at 111 South Hall, Geneseo, NY. Since 1984, SBDC has been created to assist the entrepreneur, the small business startup, or the established business owner to assist ...
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RTMA Welcomes New Associate Members - 3/14/2013
WELCOMERTMA ASSOCIATE MembeRSJBM TechnologiesJim Knox, Sales Engineer/Product ManagerAlro SteelBruce Gelletly, Territory Manager...
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February Monthly Meeting - 3/14/2013
On February 21st, the RTMA conducted its Monthly Meeting at Rick's Prime Rib House.  There were 70 RTMA Members in attendance.  The meeting was sponsored by Innovative Solutions, which provides IT Consulting, implementation, and support services to businesses of all sizes across Western NY.The featured speaker w...
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FTT Manufacturing has been named the 2012 GLOW (Genesee, Livingston, Orleans and Wyoming counties) Business of the Year - 2/5/2013
...
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President's Message - 2/4/2013
Yvette Pagano, CAR Engineering and Manufacturing, Inc.RTMA PresidentManufacturing Day in AlbanyEach year, the RTMA participates in Manufacturing Day in Albany. Joining with a number of other manufacturing associations, we meet with our respective legislators and present our issues. This is a two-day event, March 4-5. T...
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Fiscal Cliff Didn’t Hold Back Business Spending - 1/31/2013
The Wall Street JournalBy Neil ShahCorporate executives warned Washington late last year they were delaying investment plans amid rising uncertainty over the fiscal cliff, raising risks for the economy. Turns out they did nothing of the sort.In its first analysis of U.S. gross domestic product in the fourth quarter of ...
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What to Expect From Fed - 1/31/2013
The Wall Street JournalBy Victoria McGraneThe Federal Reserve wraps up its first meeting of the year today, and the 2:15 p.m. statement is expected to change little from the last time policymakers.The Fed is widely expected to continue unaltered its $85 billion-a-month bond-buying programs, which are designed to boost ...
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Cuomo 2013 Budget Designed to Control Spending in New York - 1/31/2013
The Business CouncilFor Release – January 23, 2013ALBANY—"For the third year in a row, Governor Cuomo has presented a budget designed to control overall state spending.The Governor's budget closes a $1 billion plus spending-gap with no new taxes or fees. It also provides additional mandate relief sending a signal ...
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BlackBerry Reinvents Itself to Compete With All-Touch Smartphones - 1/31/2013
The Wall Street JournalBy WALTER S. MOSSBERGThere is a new smartphone coming to market, running on a new operating system. It's an all-touch device—with no physical navigation controls and no physical keyboard—and serves as a platform for third-party apps. It's meant to compete in a world defined by Apple'sz...
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Chrysler Profit Up, Cautions on Spending - 1/31/2013
The Wall Street JournalBy CHRISTINA ROGERSSergio Marchionne swept into Detroit in 2009 with a grand vision: turn Chrysler Group LLC and Italian auto maker Fiat SpA into a single, global auto maker capable of going toe to toe with the auto industry's giants.On Wednesday, he signaled the road gets a ...
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Gunmakers Push Back in Connecticut - 1/30/2013
The Wall Street JournalBy Joseph De AvilaConnecticut-based gun manufacturers called into question proposed weapons restrictions and taxes at a legislative hearing Monday, the local industry’s most robust public statements since the shooting rampage at an elementary school in Newtown, Conn.Hundreds of residents lined up...
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U.S. Economy Unexpectedly Contracted in Fourth Quarter - 1/30/2013
The New York TimesThe government said economic output in the quarter fell at an annual rate of 0.1 percent.By NELSON D. SCHWARTZPublished: January 30, 2013 The United States economy unexpectedly reversed course in the final quarter of 2012 and contracted at a 0.1 percent rate, the Commerce Department said Wednes...
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Boeing Stays Bullish on the 787 - 1/30/2013
The Wall Street JournalBy Joseph B. WhiteBoeing Co. Chief Executive Jim McNerney says the aircraft giant is still building 787 Dreamliners, still expects to ramp up production as planned and right now isn’t expecting a significant hit to profits as a result of the multiple investigations of recent ...
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The Health Care Law and Retirement Savings - 1/30/2013
The New York TimesBy CASEY B. MULLIGANCasey B. Mulligan is an economics professor at the University of Chicago. He is the author of "The Redistribution Recession: How Labor Market Distortions Contracted the Economy."Because of its definition of affordability, beginning next year the Affordable Care Act may af...
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GDP Is Better Than Headline, but Still Not Good - 1/30/2013
The Wall Street JournalBy Ben CasselmanToday’s GDP report wasn’t as bad as it looks at first. But don’t be fooled into thinking that means it was good.The U.S. economy is big and complex, with individual segments growing at different rates, or even moving in different directions. One mark of a healthy economy is that i...
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Leading the Way Out of Debt - 1/30/2013
The New York TimesBy TINA ROSENBERGAdalberto Jaimes offers his clients personalized financial planning. Like private bankers and wealth managers, he helps people set their financial priorities and goals. He picks up the phone to negotiate deals and helps them take care of the paperwork.Instead of working in a sl...
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January Monthly Meeting - 1/24/2013
On January 21st, 60 people attended the RTMA Monthly Meeting at Rick's Prime Rib House.  The meeting was sponsored by McDonald Cointot, Crouse, LLP, who are RTMA’s accountants and are responsible for its audit. The featured speaker was Gary Keith, Vice President and Regional Economist at M&T Bank. Mr. Keith ...
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RTMA Welcomes New Associate Member - 1/24/2013
WELCOMERTMA ASSOCIATE MembeRBodycote Thermal ProcessingAl Rogers, Account Manager...
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President's Message - 1/15/2013
Yvette Pagano, CAR Engineering and Manufacturing, Inc.RTMA PresidentRTMA Scholarship Initiative - Update The RTMA has been promoting the precision machining industry for a number of years. Over the past several years, the RTMA and its members implemented the "Best Job You Never Heard Of" Campaign on Channel 1...
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Leadership Conference 2013 - 1/15/2013
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Key Bank Economic Quicktakes - 1/15/2013
Dr. Ken Mayland, Clearview Economics, LLCHere’s my quick take. 1. The numbers.  The balance of trade deficit unexpectedly soared in November.  The gap expanded $6.6B, to a deficit of $48.7B.  Exports grew $1.8B for the latest month, but imports zoomed $8.4B higher. 2. Not oil!  Much of the m...
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National Association of Manufacturers Economic Report - 1/10/2013
National Association of Manufacturers Economic ReportWith a last-minute deal to avert the fiscal cliff, manufacturers have fewer uncertainties to worry about at the start of the new year. The threat of an economic downturn appears to have largely dissipated, with modest growth in real GDP of 2 percent or so expected th...
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Obama Aide Is Treasury Pick - 1/10/2013
The Wall Street JournalWhite House Set to Nominate Lew, a Loyal Lieutenant; Break From Market ExpertsBy DAMIAN PALETTA and JANET HOOKWASHINGTON—President Barack Obama plans to nominate Jacob Lew to be the 76th U.S. Treasury secretary, putting the White House's chief budget expert in a...
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The Next Round of Tax Increases - 1/10/2013
The New York TimesPublished: January 6, 2013When the White House announced the deal on the fiscal cliff last week, it was quick — and correct — to note that much was left undone. There was still "substantial" room, the administration said,to raise taxes on high-income Americans, to reform corporate tax...
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Slow Startup Formation Raises Job Creation Questions - 1/10/2013
The Wall Street JournalBy Kathleen MadiganWhen it comes to U.S. labor markets, small businesses are viewed as the mice that roar. But that growl is growing more muted, and could limit future hiring.Two recent reports show small business hiring weakened at the end of 2012.Tuesday’s small business report from the ...
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AIG Board Won’t Sue Over Terms Of Rescue - 1/10/2013
The Wall Street JournalBy LESLIE SCISM and JOANN S. LUBLINAmerican International Group Inc. decided Wednesday to pass on a shareholder lawsuit that accuses the U.S. government of unfairly burdening the company during its financial-crisis rescue, in a move that could snuff out a brewin...
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Payroll Tax Cut Expires; How Much More Will You Pay? - 1/10/2013
The Wall Street JournalBy Sudeep ReddyThe fiscal cliff deal reached by the White House and Senate Republicans wouldn’t extend the payroll-tax holiday. The biggest hit to 2013 growth appears likely to come from this tax break’s expiration on Monday.The workers’ share of the Social Security payroll tax had been lowered b...
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What the VAT!? - 1/10/2013
Posted on 20 December 2012.By Greg Autry, CPA EconomistI was working on an updated  map of nations that use a Value Added Tax (VAT) for the Coalition for a Prosperous America and thought I’d share it. Nations in RED have a VAT. Nations in BLUE don’t.Basically, the VAT is a national sales tax on pro...
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Social Security: It’s Worse Than You Think - 1/10/2013
The New York TimesBy GARY KING and SAMIR S. SONEJICONGRESS and President Obama have pushed through a relatively modest stopgap measure to avoid the "fiscal cliff," but over the coming years, the United States will confront another huge cliff: Social Security.In the first presidential debate, Mr. Obama describ...
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Public Goals, Private Interests in Debt Campaign - 1/10/2013
The New York TimesBy NICHOLAS CONFESSOREWhen Jim McCrery, a former Louisiana congressman, urged lawmakers last month to pursue entitlement cuts and tax reform, he was introduced on television as a leader of Fix the Debt, a group of business executives and onetime legislators who have become Washington’s most visible an...
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Why Hagel Was Picked - 1/10/2013
The New York TimesBy DAVID BROOKSAmericans don’t particularly like government, but they do want government to subsidize their health care. They believe that health care spending improves their lives more than any other public good. In a Quinnipiac poll, typical of many others, Americans opposed any cuts to Medic...
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Manufacturers: Policymakers Must Address True Fiscal Problems - 1/10/2013
National Association of ManufacturersBeyond Time to Put Politics Aside for Good of U.S. EconomyContact:Jeff Ostermayer (202-637-3090)WASHINGTON, D.C., 01/01/13 -  National Association of Manufacturers (NAM) President and CEO Jay Timmons issued this statement after Congress passed legislation to add...
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First Niagara Risk Management offers discounted Workers Compensation Insurance through PMA Group - 1/7/2013
Jay Murphy, RTMA President accepts a dividend check from Joe Talbot, Vice President of First Niagara Risk ManagementAs a value-added benefit of membership, the RTMA is partnered with First Niagara Risk Management.  The program involves a 25-30% discount on Workers Compensation Insurance through PMA Insurance Group.* Co...
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RTMA 2012 Holiday Social - 1/7/2013
On December 13, the RTMA hosted a Holiday Social at Rick's Prime Rib House.  100 people attended this event to enjoy the open bar, food, and holiday cheer. The evening was a success due to the support and generosity of our sponsors.  Many Thanks to Our Sponsors!Bronze Sponsor:Brown & Brown of RochesterSteel Sponsor...
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RTMA Welcomes New Regular Member - 1/7/2013
WELCOMERTMA REGULAR MembeRDie-Max of Rochester, Inc.David Hutchinson, Marketing Operations Manager...
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Kingsbury Open House - 12/14/2012
On December 6, over 500 people toured Kingsbury an Optimation Company at 1600 Lexington Ave. The 180,000-square-foot shop houses CNC machining centers, Jig Boring and horizontal boring machines, turning machines and more; all used to manufacture machines, assembly systems and spare parts. Kingsbury an Optimation Compan...
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First Niagara Risk Management offers discounted Workers Compensation Insurance through PMA Group - 12/14/2012
Jay Murphy, RTMA President accepts a dividend check from Joe Talbot, Vice President of First Niagara Risk ManagementAs a value-added benefit of membership in the RTMA, we are partnered with First Niagara Risk Management to offer a 25-30% discount on Workers Compensation Insurance through PMA Insurance Group.Benefits to...
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President's Message - 12/12/2012
Jay Murphy, Murphy and Nolan, Inc.RTMA PresidentMy Last Message As PresidentThree years ago, the Board of Directors nominated me to serve as your President. I thought it would only be for one year, but as circumstances evolved, one year became three. During the past three years, the RTMA has undergone some significant ...
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Important FAME event on Workforce: January 17, 4:00 pm - 12/10/2012
Friends,Most of you know that I am Chair of FAME; the Finger Lakes Advanced Manufacturers’ Enterprise.  I took on the role because of the chronic skilled worker shortage.  All manufacturers are wrestling with this problem. The RTMA has been a terrific partner in the quest to close the skills gap.  Most of you believe t...
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Trying to Calculate the Cost of Uncertainty - 12/7/2012
The Wall Street JournalBy DAVID WESSELEconomists sometimes belabor and measure what the rest of us find obvious. Take this assertion: When it's unusually hard to tell where the economy and government policy are going, businesses will be reluctant to invest and hire.The notion isn't new. It was central to Federal Reserv...
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U.S.  Jobless Claims Fall to 370,000 - 12/7/2012
The Wall Street JournalBy SARAH PORTLOCK and ANDREW ACKERMANWASHINGTON—The number of new unemployment claims dropped last week, a possible reflection of volatile figures that are typically reported toward the end of the year.Jobless claims decreased by 25,000 to a seasonally adjusted 370,000 in the week ended Dec. 1, t...
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A Shopping Stampede, Yes, but Maybe No Economic Jolt - 12/6/2012
The New York TimesBy JEFF SOMMERPublished: December 1, 2012THE holiday shopping season started early, and with a roar. Whether that will help the sagging economy is another matter."Spending may well be strong, and that could help us get through another Christmas," said William R. Emmons, an econ...
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Jobs Forecasts Even Cloudier Than Usual - 12/6/2012
The Wall Street JournalBy Kathleen MadiganNo matter how strong or weak Friday’s payroll number is, expect any analysis to carry caveats. November’s economic performance was skewed by Mother Nature, politics and the calendar.A hint of the data-roiling was evident on Wednesday. Payroll giant ADP reported an increase of j...
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Alan Blinder: How to Get a Budget Deal Instead of the Cliff - 12/6/2012
The Wall Street JournalDoes 11% unemployment sound good to you? That's where we're headed if Congress doesn't hurry.By ALAN S. BLINDERDear Congress,Please don't drive our economy off the fiscal cliff.First of all, I really hate recessions—and you should, too. If you take between 3% and 4% of total spending out o...
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Citi’s New Chief Launches First Cost-Cutting Salvo - 12/6/2012
The Wall Street JournalBy SUZANNE KAPNERUnderlining his determination to crack down on costs, Citigroup Inc. Chief Executive Michael Corbat set out plans Wednesday to cut 11,000 jobs, close 84 branches and retreat from consumer banking in a handful of countries.Plans for workfo...
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More Costly Than Higher Taxes: Rash Decisions - 12/6/2012
The New York TimesBy PAUL SULLIVANPublished: November 16, 2012WITH all the ominous talk of tax increases and a "fiscal cliff" if President Obama and Congressional leaders can’t agree on a plan to avert automatic tax increases on Dec. 31, some investors may be tempted to act soon to take advantage of th...
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In Tax Fight, G.O.P.  Seeks a Position to Fall Back On - 12/6/2012
The New York TimesBy JONATHAN WEISMANPublished: December 4, 2012WASHINGTON — With President Obama insisting on higher tax rates for affluent Americans and winning public support for the idea, Congressional Republicans find themselves in an increasingly difficult political spot and are quietly beginning to look f...
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Tax Planning Difficult as the U.S.  Moves Towards for “The Fiscal Cliff” - 12/4/2012
By Samuel C. DiSalvo, CPA, J.D.Year-end tax planning for businesses and individuals is unusually difficult in 2012 because of the uncertainty of how Congress will address the "Fiscal Cliff - which represents the expiration of Bush-era tax cuts and other tax cuts plus across the board government spending cuts that ...
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RTMA Welcomes New Associate Member - 12/3/2012
WELCOMERTMA ASSOCIATE MembeRCoating Technology, Inc.Bryant Dunham, Sales Manager...
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November Monthly Meeting - 12/3/2012
On November 29, RTMA Members attended a plant tour and Monthly Meeting.  The evening began with a tour at The Gleason Works, a very successful international business with deep roots in Rochester.The plant tour was followed by dinner at Pomodoro Grill and Wine Bar on Monroe Avenue. During dinner, a panel of RTMA ...
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Service Sector Growth Eases, but Hiring Is at 7-Month High - 11/7/2012
The New York TimesBy REUTERSThe rate of growth in the nation’s services sector slowed modestly in October, though a measure of employment improved to its highest in seven months, underscoring expectations the economic recovery will remain modest.The Institute for Supply Management said Monday that ...
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Suzuki’s Small Cars Were Wrong Fit in U.S. - 11/7/2012
The New York TimesBy HIROKO TABUCHITOKYO — For all of Suzuki’s tough talk about its "brush-busting" Samurai off-roader, the Japanese automaker never made it big in the United States. Its cars were too small, its safety record iffy and its branding a bit too comical (Suzuki Sidekick, anyone?).So ...
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Facing Protests, China’s Business Investment Slows - 11/7/2012
The New York TimesBy KEITH BRADSHERSHIFANG, China — Local leaders were all smiles this summer at a groundbreaking ceremony for a vast copper smelting project that seemed like the answer to the chronic unemployment that has plagued this city in northern Sichuan ever since a devastating earthquake in 2008.But with...
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Four Takeaways From Jobs Report - 11/6/2012
The Wall Street JournalBy Ben CasselmanEmployers added 171,000 jobs in October, better than Wall Street expectations, but the unemployment rate ticked up to 7.9%. Economists are still digesting the report, but here are a few key takeaways:Good news in the revisions: The Labor Department revised up its estimate o...
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Health-Care Law Spurs a Shift to Part-Time Workers - 11/6/2012
The Wall Street JournalBy JULIE JARGON, LOUISE RADNOFSKY and ALEXANDRA BERZONSome low-wage employers are moving toward hiring part-time workers instead of full-time ones to mitigate the health-care overhaul's requirement that large companies provide health insurance for full-time workers or ...
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U.K.  Auto Exports Stress Parts Makers - 11/6/2012
The Wall Street JournalBy MARIETTA CAUCHIThe U.K. auto industry, which not long ago was languishing with a reputation for producing poorly designed cars, is humming again thanks to strong local demand and exports of premium brands like Jaguar Land Rover and Mini that have set the sector apart from struggling Eur...
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Weak Hiring, Fewer Quits Make for Sluggish Job Market - 11/6/2012
The Wall Street JournalBy Ben CasselmanMaybe it’s the election. Maybe it’s the fiscal cliff. Maybe it’s the still-sluggish recovery. But whatever the reason, both employers and employees appear to be growing more cautious.Companies hired fewer new workers in September than in August, and posted fewer new job openings. ...
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Dodd-Frank’s Financial Outsourcing - 11/6/2012
The Wall Street JournalNew rules push business offshore, while taxpayer risk stays home.President Obama likes to describe a mythical corporate tax deduction for moving jobs overseas. But a real-life Obama policy is already encouraging financial transactions to occur outside America. Two big international banks now say ...
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Nissan Cuts Full Year Forecast on China Woes - 11/6/2012
The Wall Street JournalBy YOSHIO TAKAHASHI And CHESTER DAWSONYOKOHAMA, Japan—Nissan Motor Co. on Tuesday slashed its full year profit forecast by 20%, citing faltering sales in China, weaker demand in Europe and the strength of the yen, the second major Japanese auto maker to warn of weaker results recently.Japan's sec...
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Number of the Week: Stagnant Wage Growth - 11/6/2012
The Wall Street JournalBy Jeffrey Sparshott1 cent: The drop in hourly earnings in October from a month earlierU.S. job growth has accelerated, but the bad news is that people who already have jobs aren’t getting raises or more time on the clock.While perhaps good for corporate profits and a restraint on inflatio...
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RochesterWorks! Can WorkKeys Help Us Address the Skills Shortage? - 11/5/2012
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President's Message - 11/5/2012
Jay Murphy, Murphy and Nolan Inc.RTMA PresidentAt the October 25th Annual Meeting, our speaker, Paul Speranza, Vice Chairman, General Counsel and Secretary for Wegmans, made the case for developing the workforce. He talked about health and education. In particular, he discussed Wegmans’ outreach to the Rochester City S...
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Workers' comp costs remain a barrier to economic growth and job creation in New York - 11/5/2012
The Public Policy Institute of New York State Inc.News ReleaseFor Release: Immediate — October 31, 2012Contact: Robert Lillpopp • 518/465-7517 Ext. 238E-mail: robert.lillpopp@bcnys.orgWorkers' comp costs remain a barrier to economic growth and job creation in New YorkALBANY—The Public Policy Institute of New York State...
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Latest Jobs Report Shows Persistent Economic Growth - 11/5/2012
The New York TimesBy CATHERINE RAMPELLThe American job market is looking a little stronger than had been feared just a few months ago, according to the government’s final labor snapshot before the presidential election.Whoever wins the election on Tuesday might even inherit an accelerating economy in 2013, if (and that...
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RTMA Golf Outing and Clambake - 11/5/2012
Over 200 attendees enjoyed the 2012 Golf and Clambake Event at Locust Hill Country Club.  We had a total of 144 golfers who were joined by 40 more guests for the evening's Clambake.  We would like to offer a big "Thank You" to our volunteers, and to the sponsors who made this event so successful:Platinum Spon...
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RTMA Welcomes New Regular Members - 10/29/2012
WELCOMERTMA REGULAR MembeRSP3 TechnologiesMark Shaw, PresidentAdvantech Industries Inc.James Gizzi, President...
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October Annual Meeting - 10/29/2012
On October 25th, the RTMA held its Annual Meeting at Rick's Prime Rib House.  New Board Members Bob Coyne of Acro Industries and Don Vogler of FTT Manufacturing were elected.The guest speaker was Paul Speranza, Vice Chairman, General Counsel and Secretary of Wegmans Food Markets Inc.Mr. Speranza spoke to the members ab...
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RTMA Welcomes New Associate Member - 10/29/2012
WELCOMERTMA ASSOCIATE MembeRPacemaker Steel & Piping of RochesterJonathan Baker, Vice President/COO...
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