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Factory Job
The Trump Administration is racing to discharge tens of thousands of federal workers in order to do away with government activities it dislikes. And what are those displaced workers to…
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Terminal Risk
Back in 2006, when he was considering a second run for president, Senator John Kerry visited the bank where I worked in search of support (and contributions). He spoke about…
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Forgetting Friendshoring
Remember friendshoring? Back in the days of COVID-19, when manufacturers and retailers suddenly paid attention to supply-chain risks they had previously ignored, the notion that they could reduce risk by…
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What’s at Stake in the Longshore Negotiations
The International Longshoremen’s Association, whose members operate the container terminals along the Atlantic and Gulf coasts, threatens to strike on January 15 unless employers back away from introducing more automation…
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About That Manufacturing Renaissance
The Biden Administration asserts there’s a “manufacturing renaissance” underway in the United States. Before it, the Trump administration claimed much the same. The federal government has certainly handed out a…
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Of Value Chains and Inflation
What do central banks have to do with value chains? Traditionally, not much. I think that’s one reason for the resurgence of inflation in many countries during the COVID-19 pandemic.…