October 4, 2011 Headlines: China Currency Coverage and Criticism, Infrastructure Benefits, and More

Posted by smorgante on 10/04/2011

The Senate cleared the first major procedural hurdle on China’s currency bill yesterday. Read coverage from the New York Times, The HillPoliticoBloomberg, The Washington Post, and The Wall Street Journal.

China (predictably) criticizes the measure. Coverage from Bloomberg, The Washington Post, and Xinhua.

WSJ: How is a currency valued?

Paul Krugman: More analysis of the jobs lost to China.

WaPo: Can Congress agree on infrastructure spending?

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Manufacturing's Trend Toward Reshoring: Bringing it Back Home

The Barrington (Illinois) Area Chamber of Commerce will host a conference on manufacturing and doing business in a global economy, "Taking Your Business from Surviving to Thriving: Bringing Manufacturing Back Home" on Tuesday, Oct. 11, 7:30am-11:30am at Makray Memorial Golf Club in Barrington.

As Bob Dylan sang, “the times they are a-changin'.” So they are for today's worldwide manufacturing industry, which is in the midst of extraordinary change: technology, globalization and competition are rapidly and permanently shifting what gets manufactured, as well as how, where and by whom.

These frequently cited and interrelated dynamics are not unique to manufacturing; nonetheless, their combined and simultaneous impact on the industry has been formidable. The manufacturing industry still employs half a million people in the Chicago area, produces two-thirds of Illinois' total exports, and generates one out of every three jobs.

"Connecting Locally, Succeeding Globally" will explore key questions facing business leaders working to connect locally and succeed globally:
• What are the current forces influencing import and export trade and the proven strategies for success?
• What you should know about federal, state, and local resources available for your company to begin international trading?
• How will you ride the next wave of innovation to secure a place in the global economy?

The 95-square-mile Barrington region is home to a highly educated workforce with an average income of $63,000 over the annual U.S. median household income. The region is projecting an annual growth of 3.5% and is strategically positioned to capitalize on all directional transportation arteries including commuter and freight rail, the interstate tollway system and O’Hare International Airport, making it a gateway to global markets. Government, business, and institutions of higher learning consider the Barrington region a rich landscape to showcase best practices for businesses of all sizes.

The conference's featured speakers are local and regional experts in manufacturing, trade and global marketing and competition, including:
Curt Wilson, President of Kernow Capitol Corporation in Barrington;
Harry Moser, President and Founder of Reshoring Initiative in Inverness;
Rand Haas, President of Medusa Consulting Group in Medinah;
Mohammed Faheem, Manager at the Illinois workNet Center in Arlington Heights;
Jack Dye, Project Director at Applied Strategies International;
Michael Howard, Regional Director/Midwest from EXIM Bank of the United States in Chicago;
John Nevell, Regional Manager/International Trade for the US Small Business Administration in Chicago;
Patrick Hope, Director, US Dept. of Commerce/US Export Assistance-Commercial Services;
Bonita Richter, Director of ISBC at Harper College in Palatine; and
Renaldo Lopez, Business Development Specialist at the Illinois Manufacturing Extension Center in Chicago.

Conference topics will discuss
• Selling to the World
• Leveling the Playing Field
• International Success Export/Import Stories
• Connecting to the power of Social Media
• Key Federal, State, and Local Resources

Business owners and managers of all industries can benefit from the information that will be provided, and will have the opportunity to speak one-on-one with speakers about the present and future of doing business globally. Manufacturers, retailers, home-based businesses, consultants, COOs and CFOs, regional, state and local economic and workforce development organizations, business support agencies and technology providers will all come away with a better understanding of the global economy, and where they and their organizations fit into it.

A number of exhibitors will also be on hand with information about how to take advantage of the many services available to businesses through local, state, regional and national resources: SBA, USEAC, DCEO, UPS, Illinois workNet Center of Northern Cook County, Export-Import Bank, Kernow Capital Corp., the Lithuanian Trade Office, the Daily Herald Business Ledger, Applied Strategies International, IMEC, SMDCs, Medusa Consulting Group, Inc., Two-Key Training Systems, Business & Career Services, and the Barrington Area Chamber.

Tickets are $49/person or $325 for a table of eight and can be purchased online at http://www.barringtonchamber.com or at the Chamber's office, 190 E. James St. in Barrington. For further information, call 847-381-2525. Some sponsorship opportunities are still available.

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