Hank H. Cox
Hank H. Cox
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Time to get behind manufacturing

We Need A Manufacturing Agenda-- by Jerry Jasinowski President Obama’s announcement last week that Commerce Secretary John Bryson will join National Economic Council Director Gene Sperling as co-chair of a new White House Office of Manufacturing Policy offers a glimmer of hope that our government will finally get serious about promoting U.S. manufacturing. The good news is we still have a vibrant manufacturing base that is dominant in many key industries. We can turn things around if our…See More
Blog post by Hank H. Cox Dec 21, 2011
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Happy Thanksgiving!

Good News For Thanksgiving-- by Jerry JasinowskiWhile the stock market may not see it, it is worth noting we have a lot to be thankful for, including a recent run of positive economic reports that suggest we may be coming out of the slump. Last week, the government reported that retail sales were up 0.5 percent in October, capping several months of stronger than expected consumer spending. Consumers are drawing down some on savings, so this can’t go on forever, but it could come in at 4 percent…See More
Blog post by Hank H. Cox Nov 23, 2011
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A ray of sunshine

Hitting the Pick Six – by Jerry JasinowskiThe Breeders’ Cup races are coming up this weekend at Churchill Downs in Louisville, Kentucky, and many bettors around the country will be trying to hit the Pick Six in which you try to select the winners of the top six races in a row. It is devilishly hard to do because all of the races have large fields, offer large purses and are highly competitive. A Pick Six payout can easily hit six figures, sometimes seven.But we got the economic equivalent of…See More
Blog post by Hank H. Cox Oct 31, 2011
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Jobs skills

Closing the Skills Gap – by Jerry Jasinowski“Everybody talks about the weather,” said editor and essayist Charles Dudley Warner, “but nobody does anything about it.”Like a lot of people, I have often lamented the sorry state of our public schools, with particular regard to the lack of practical workplace training. Much of the joblessness plaguing our land today is the result of a skills gap. Too many of our unemployed lack the requisite skills to fill jobs that need filling, especially in…See More
Blog post by Hank H. Cox Oct 26, 2011
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China has peaked

Making It In America - by Jerry JasinowskiWithout question, the rise of China has been a major factor in our nation’s loss of manufacturing jobs, and much of that has been magnified by China’s unfair trade practices, most notably its currency manipulation. But there is growing evidence that China’s challenge to U.S. manufacturing has peaked, and its competitive advantage is in decline.A recent report from the Boston Consulting Group (BCG) offers persuasive evidence that the tide is now moving…See More
Blog post by Hank H. Cox Oct 19, 2011
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China currency

Déjà vu China -- by Jerry JasinowskiAll of a sudden Congress, or at least the Senate, is on the brink of enacting some sort of legislation intended to retaliate against China for its currency manipulation. For me, to borrow a line from Yogi Berra, it is déjà vu all over again.I served 14 years as President of the National Association of Manufacturers (NAM), and during that time the NAM was subjected to a steady drumbeat of criticism from mostly smaller manufacturers demanding that we take a…See More
Blog post by Hank H. Cox Oct 5, 2011
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Focusing on growth and jobs

Cognitive Dissonance on the Deficit? -- by Jerry JasinowskiThe continuing debate over deficit reduction underscores an apparent contradiction between cutting the deficit and increasing economic growth at the same time. Obviously, increasing economic growth would make deficit reduction easier, but it is difficult to see how we can accomplish that at the same time we are making major cuts in spending. There does seem to be some cognitive dissonance at work here.Let’s sort it out. In the first…See More
Blog post by Hank H. Cox Jun 30, 2011
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Job Creation

Jobs, Jobs, Jobs -- by Jerry Jasinowski“Everybody talks about the weather,” said Charles Dudley Warner, “but nobody does anything about it.” These days everybody complains about unemployment, but nobody does anything about it.To be sure, some people offer suggestions. Rep. Frank Wolf (R-VA) proposes the Bring Jobs Back to America Act which would organize a new strategy to rebuild manufacturing, possibly including new tax breaks for companies that return jobs to the U.S.The President’s Council…See More
Blog post by Hank H. Cox Jun 21, 2011
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U.S. Economy Stalls -- by Jerry Jasinowski In my last blog, I cited emerging signs of a U.S. and global economic slowdown. I noted weak 1.8% GDP growth in the first quarter, and the likelihood it…

U.S. Economy Stalls -- by Jerry JasinowskiIn my last blog, I cited emerging signs of a U.S. and global economic slowdown. I noted weak 1.8% GDP growth in the first quarter, and the likelihood it would continue into the second. Since then, we have been hit by a storm of weak economic data that makes it clear the economy has stalled at about 2% growth. This is far different than the 3-4% growth that Wall Street analysts and economists were forecasting only a few months ago.The conventional…See More
Blog post by Hank H. Cox Jun 13, 2011
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People Power

Growth and the People Factor – by Jerry JasinowskiThe biggest economic challenge to both the U.S. and global economy is strengthening growth. Both the quantity and quality of people are central to the rate of growth a country can achieve.The real crisis facing Japan has nothing to do with earthquakes, tsunamis or nuclear meltdowns – but declining population. Japan has been in an economic funk for more than a decade, and a key reason is flat domestic consumer demand. Economists don’t like to…See More
Blog post by Hank H. Cox Jun 2, 2011
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Slowdown Coming

A Summer Global Slowdown-- by Jerry JasinowskiThe optimism sparked by an ever rising stock market, a raft of successful initial public offerings, such as Linkedin’s astounding debut, and continuing strength in manufacturing, may be distracting us from growing evidence of a summer global slowdown.First, U.S. economic data showed a general slide in the first quarter when GDP came in at a disappointing 1.8 percent, and preliminary data for April and May suggest that is continuing into the second…See More
Blog post by Hank H. Cox May 23, 2011
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Manufacturing Renaissance

A Manufacturing Renaissance – by Jerry JasinowskiWe continue to get good news about manufacturing which is clearly embarked on a long-awaited and highly-desirable resurgence. The Federal Reserve recently noted that manufacturing is outgrowing the rest of the economy by a margin of three to one. This augurs well for the long term.Forced to the wall by fierce foreign competition and the deepest recession of modern times, manufacturers in the first decade of the new century have gone through the…See More
Blog post by Hank H. Cox May 9, 2011
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Corporate Cost Saving

The Next Generation of Cost Savings -- by Jerry JasinowskiIn these times of anemic economic growth, businesses must continue to increase profits by reducing costs. Procurement officers have become expert at extracting savings and innovations from suppliers, negotiating raw-materials contracts and managing complex global supply chains.But large amounts of goods and services are purchased too casually. Market researcher Gartner Inc., estimates that a typical company spends 30 to 60 percent of…See More
Blog post by Hank H. Cox May 6, 2011
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1 more…
4 blog posts by Hank H. Cox were featured May 2, 2011
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The S&P Wakeup Call

The S&P Wakeup Call -- by Jerry JasinowskiStandard & Poor’s decision to change the nation’s long-term credit outlook from stable to negative should be seen as a wakeup call to Congress and the White House that we simply must find a credible solution to the fiscal crisis, and soon.This is not strictly a domestic issue. Our government’s credit worthiness underpins the world economy. Foreign governments invest trillions in U.S. debt instruments because they believe our credit is good. The…See More
Blog post by Hank H. Cox Apr 22, 2011
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A Flock of Black Swans

Black Swans, QE2 and the Market-- by Jerry JasinowskiThe term “black swan” was coined by a New York University Professor of Engineering named Nassim Nicholas Taleb in his book, “The Black Swan: The Impact of the Highly Improbable” published in 2010. His focus was on the great mega-disasters that have occurred infrequently down through history, so infrequently that people dismiss the likelihood of their occurrence and are therefore inevitably unprepared when they happenBut the very nature of…See More
Blog post by Hank H. Cox Apr 12, 2011
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Hank H. Cox's Blog

Hank H. Cox

Time to get behind manufacturing

We Need A Manufacturing Agenda-- by Jerry Jasinowski

President Obama’s announcement last week that Commerce Secretary John Bryson will join National Economic Council Director Gene Sperling as co-chair of a new White House Office of Manufacturing Policy offers a glimmer of hope that our government will finally get serious about promoting U.S. manufacturing.

The good news is we still have a vibrant manufacturing base that is dominant in many key industries. We can turn things around…

Continue

Posted on December 21, 2011 at 8:31am

Hank H. Cox

Happy Thanksgiving!

Good News For Thanksgiving-- by Jerry Jasinowski

While the stock market may not see it, it is worth noting we have a lot to be thankful for, including a recent run of positive economic reports that suggest we may be coming out of the slump.

Last week, the government reported that retail sales were up 0.5 percent in October, capping several months of stronger than expected consumer spending. Consumers are drawing down some on savings, so this can’t go on forever, but it could come…

Continue

Posted on November 23, 2011 at 7:11am

Hank H. Cox

A ray of sunshine

Hitting the Pick Six – by Jerry Jasinowski



The Breeders’ Cup races are coming up this weekend at Churchill Downs in Louisville, Kentucky, and many bettors around the country will be trying to hit the Pick Six in which you try to select the winners of the top six races in a row. It is devilishly hard to do because all of the races have large fields, offer large purses and are highly competitive. A Pick Six payout can easily hit six figures, sometimes seven.

But we got the… Continue

Posted on October 31, 2011 at 7:31am

Hank H. Cox

Jobs skills

Closing the Skills Gap – by Jerry Jasinowski

“Everybody talks about the weather,” said editor and essayist Charles Dudley Warner, “but nobody does anything about it.”

Like a lot of people, I have often lamented the sorry state of our public schools, with particular regard to the lack of practical workplace training. Much of the joblessness plaguing our land today is the result of a skills gap. Too many of our unemployed lack the requisite skills to fill jobs that need filling,… Continue

Posted on October 26, 2011 at 6:12am

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