March 3, 2014: Cold weather and cold Oscars pizza go together

Posted by mmcmullan on 03/03/2014

Good morning,

And hello from a snowy Washington, DC. We’re still working hard for you, America, even though we stayed up late last night, watching the Oscars and eating pizza.

But we’ve got no time to lose on the Academy Awards (unless you want to take a minute and check out our preview coverage, which is understandable). What’s happening this week in and around American manufacturing?

Well, for starters: It’s jobs week. The Bureau of Labor Statistics will have fresh employment data on Friday. And that means we’re pull-starting the ol’ #AAMeter. We've been creeping in the right direction for a few months now. How much closer will we be toward 1 million manufacturing jobs in the president’s second term once we see February's numbers?

China’s currency has plunged over the last month. Columnist Gordon G. Chang looks at the situation, considers the arguments that the yuan’s fall is previewing market-based economic reforms, and finds a more likely reason:

The central bank is intervening for the same reason it has intervened for decades: to give the country’s exporters and domestic industries advantages against foreign competitors.

Our money’s on Chang's hypothesis. Currency manipulation, after all, has been boosting the Chinese economy at the great expense of our own for years. Also, bonus side note: You can now spend your yuan in Zimbabwe.

ICYMI: NPR On The Road recently visited the Motor City, and it shared some posts on its Tumblr page, summarizing its trip -- totally worth checking out.

And lastly: Retro Report takes a look at the troubling state of thousands of American bridges, centering around a look back at the I-35 bridge collapse:

When this country gets around to upgrading its infrastructure, we hope it Buys American.

That’s it and that’s all, America. If you’re on the East Coast this morning: Stay warm out there.

-AAM

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@KeepitMadeinUSA on Twitter

  • RT @ebrotherton: Manufacturing sector added 28,000 jobs in July. Best showing since November 2013. But more work to do: http://t.co/GAP8HEE… 23 min 31 sec ago
  • Manufacturing punched above its weight in July. Rebound in the sector possible. But we still have a long way to go: http://t.co/W2RQm9xwMH 38 min 59 sec ago
  • RT @tlanddc: Adding +28,000k manufacturing jobs, closest @BarackObama has come to keep on track with his goal of 1M by end of second term #… 54 min 25 sec ago
  • #AAMeter RT @ScottPaulAAM The auto sector accounted for over half of #manufacturing job growth in July: 14.6k of 28k total jobs added. 54 min 36 sec ago
  • 28K new manufacturing jobs in July the 2nd time in Obama's 2nd term job numbers on target to hit Obama's 1 million new jobs goal. #AAMeter 1 hour 13 min ago
  • RT @ScottPaulAAM: Good backward revisions to #manufacturing. 15k in May, 23k in June. Overall, we're at 12.16 million #mfg jobs. (pre-reces… 1 hour 17 min ago
  • The 28,000 new manufacturing jobs in June is the best number since November 2013. #AAMeter 1 hour 21 min ago
  • WOW: 28,000 new manufacturing jobs were created in July. Obama needs 28,133 jobs per month to hit his 1 million jobs goal. #AAMeter 1 hour 23 min ago
  • ICYMI: Senate passed House version of Highway Trust Fund patch last nite. Funded thru May. Now we need a long-term plan for infrastructure. 2 hours 50 min ago
  • RT @MarkRuffalo: Tesla and Panasonic Agree to Build Factory in U.S. http://t.co/xyLIV7IFyj Renewable energy brings manufacturing back to USA 2 hours 57 min ago