Hong Kong Harbor at night from the Star Walk.
Tuesday, May 4, 2010
Friday, April 2, 2010
ISM: Manufacturing jumps, inventories leap up
The Institute for Supply Management's latest monthly report shows another month of growth, fueled in part by an unusually big leap up in inventory levels.
Sean Murphy -- Supply Chain Management Review, 4/1/2010
A surge in inventories fueled a high growth rate in the manufacturing sector in March, ending the first quarter with a bang, according to the latest monthly report from the Institute for Supply Management (ISM).
According to Norbert Ore, chair of ISM's Manufacturing Business Survey Committee. The index the ISM uses to measure the sector, or PMI, hit 59.6 percent, up 3.1 points from February. This marks eight straight months of increase for the PMI, Ore said, placing the sector's overall health well into "growth" territory. Ore also said the current growth rate is the fastest since 2004.
Ore said the current PMI is impressive, considering the same index registered at 40.4, in contracting territory, at this time last year.
"That's a remarkable story of what's been happening over the past year," Ore said.
In addition, similar indices in Europe and other parts of the world also indicate growth, a sign, Ore said, that the recovery isn't just happening here at home.
"We have basically a reasonably good recovery in global manufacturing going," he said.
Ore said he expected to see the PMI going up, since the New Orders and Production indices got into the 60s in March, but what really surprised him, he said, was the Inventories index. After a 46-month period of liquidation, Ore said the index made a "most unusual" leap upward in March, going up 8 points to 55.3 percent.
"I think it's an indication that we really hit bottom in inventories," Ore said.
Not all the news was positive, but even the bad news, Ore said, wasn't all bad. Prices went up as much as inventories in March, rising eight points to 75 percent. Ore's report said that prices have remained above 50 percent, indicating growth, for the past nine months.
Still, Ore said the numbers are misleading, and not an indication of pending inflation. Many of the goods which have gone up in price the most, he said, were metals.
"I don't think it's a problem yet," he said.
The employment index dropped by a single point to 55.1 percent. Ore called that "noise in the data," and said it didn't mean that employment was about to take a dive. The index, he said, went up 6 points between January and February, and still remains in "growth" territory, despite losing a point in March.
Sean Murphy -- Supply Chain Management Review, 4/1/2010
A surge in inventories fueled a high growth rate in the manufacturing sector in March, ending the first quarter with a bang, according to the latest monthly report from the Institute for Supply Management (ISM).
According to Norbert Ore, chair of ISM's Manufacturing Business Survey Committee. The index the ISM uses to measure the sector, or PMI, hit 59.6 percent, up 3.1 points from February. This marks eight straight months of increase for the PMI, Ore said, placing the sector's overall health well into "growth" territory. Ore also said the current growth rate is the fastest since 2004.
Ore said the current PMI is impressive, considering the same index registered at 40.4, in contracting territory, at this time last year.
"That's a remarkable story of what's been happening over the past year," Ore said.
In addition, similar indices in Europe and other parts of the world also indicate growth, a sign, Ore said, that the recovery isn't just happening here at home.
"We have basically a reasonably good recovery in global manufacturing going," he said.
Ore said he expected to see the PMI going up, since the New Orders and Production indices got into the 60s in March, but what really surprised him, he said, was the Inventories index. After a 46-month period of liquidation, Ore said the index made a "most unusual" leap upward in March, going up 8 points to 55.3 percent.
"I think it's an indication that we really hit bottom in inventories," Ore said.
Not all the news was positive, but even the bad news, Ore said, wasn't all bad. Prices went up as much as inventories in March, rising eight points to 75 percent. Ore's report said that prices have remained above 50 percent, indicating growth, for the past nine months.
Still, Ore said the numbers are misleading, and not an indication of pending inflation. Many of the goods which have gone up in price the most, he said, were metals.
"I don't think it's a problem yet," he said.
The employment index dropped by a single point to 55.1 percent. Ore called that "noise in the data," and said it didn't mean that employment was about to take a dive. The index, he said, went up 6 points between January and February, and still remains in "growth" territory, despite losing a point in March.
Sunday, March 21, 2010
NYTimes.com: Democrats to Watch on the Health Care Vote
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| This page was sent to you by: royce@roycedugan.com U.S. | March 16, 2010 Democrats to Watch on the Health Care Vote A look at the Democrats who may decide the bill's fate. It's not too late, call your Congressman to let them know how YOU feel on this important issue. | ||||||||
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Wednesday, March 17, 2010
Near-shoring back in style?
Life always rotates on an axis just like our planet. What goes around always comes back around, although in some cases it is very slow. I hope this is a trend.
Near-shoring back in style?: "Yesterday, the Wall Street Journal ran a story about how Caterpillar is con..."
Near-shoring back in style?: "Yesterday, the Wall Street Journal ran a story about how Caterpillar is con..."
Friday, March 12, 2010
SwiftPageEmail Subject: MANY THANKS!
via swiftpage5.com
EXIT Realty's build in Austin was a great success and we wish THANK YOU for your contribution to that success! https://www.swiftpage5.com/speasapage.aspx?X=2X0MWJG5HVALON8G00R4W3 Click the link for pictures. Thanks Again!! Royce Monday, February 22, 2010
REALTOR® Magazine-Daily News-IRS Clarifies What's Needed to Claim Tax Credit
Check out this website I found at realtor.org
IRS Clarifies What's Needed to Claim Tax Credit The Internal Revenue Service has clarified which documentation taxpayers need to submit to claim the first-time and move-up homebuyer tax credit. While the IRS is still requiring the filing of Form 5405, it is not demanding that all parties’ signatures be on the HUD-1 settlement document in areas where requiring both the buyer and the seller to sign the document isn’t common. The IRS clarification says: "In areas where signatures are not required on the settlement document, the IRS has clarified that it will accept a settlement statement if it is completed and valid according to local law. … The IRS encourages those buyers to sign the settlement statement prior to attaching it to the tax return.” For repeat buyers, the IRS is seeking documentation that home buyers have lived in the previous property for a consecutive five of the past eight years. Proof can include property tax records, home owner insurance records, or mortgage interest statements. Source: Washington Post (02/20/2010) Read More Could the Tax Credit Be Extended Again? The Basics to the Extended Homebuyer Tax Credit Browse all of today's news Friday, February 19, 2010
Jackson Nance sings Journey at age 9
Jackson Nance is 10 now and has been singing a year since this audition tape was taped. Thake a look and forward to your friends. We are trying to help Jackson get 1,000,000 views of his youtube audition!! Follow the link below to see Jackson sing When the “Lights go Down in the City”
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