Assembler – 1C Plus Plus Street http://1cplusplusstreet.com/ Sat, 09 Oct 2021 04:30:58 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://1cplusplusstreet.com/wp-content/uploads/2021/05/default.png Assembler – 1C Plus Plus Street http://1cplusplusstreet.com/ 32 32 The PSX turns bearish: the BRIndex100 slips – Markets https://1cplusplusstreet.com/the-psx-turns-bearish-the-brindex100-slips-markets/ https://1cplusplusstreet.com/the-psx-turns-bearish-the-brindex100-slips-markets/#respond Fri, 08 Oct 2021 23:10:40 +0000 https://1cplusplusstreet.com/the-psx-turns-bearish-the-brindex100-slips-markets/ KARACHI: Despite foreign buying, the Pakistan Stock Exchange experienced a downtrend on Friday and closed on a negative note due to selling by local investors. BRIndex100 lost 23.64 points or 0.51% to close at 4,652.36 points. The BRIndex100 hit an intraday high of 4,685.11 points and an intraday low of 4,645.24 points. Volumes amounted to […]]]>

KARACHI: Despite foreign buying, the Pakistan Stock Exchange experienced a downtrend on Friday and closed on a negative note due to selling by local investors. BRIndex100 lost 23.64 points or 0.51% to close at 4,652.36 points. The BRIndex100 hit an intraday high of 4,685.11 points and an intraday low of 4,645.24 points. Volumes amounted to 157.543 million shares.

BRIndex30 fell 307.87 points or 1.38% to close at 22,060.95 points with revenue of 90.956 million shares.

The KSE-100 index fell 108.81 points or 0.24% and closed at 44,477.24 points. Trading activity remained weak as daily volumes on the loan meter declined to 176.069 million shares from 296.037 million shares traded on Thursday.

Foreign investors, however, remained net buyers of shares valued at $ 4.142 million. The total market capitalization, however, increased by 4 billion rupees to 7,786 billion rupees. Out of a total of 550 active scripts, 369 closed negative and 165 positive while the value of 16 shares remained unchanged.

WorldCall Telecom was the volume leader with 18.534 million shares and closed at Rs 2.53, down Rs 0.01 followed by Telecard Limited which lost Rs 0.59 to close at Rs 18.67 with 14.159 million actions. Unilever Foods and Colgate Palmolive were the main winners, increasing by Rs 1,200.00 and Rs 97.95 respectively to close at Rs 20,400.00 and Rs 2,448.00, while Highnoon (Lab) and Rafhan Maize were the main losers, decreasing of Rs 27.82 and Rs 25.00 respectively to close at Rs 589.18. and Rs 10,900.00.

The BR Automobile Assembler index gained 32.29 points or 0.38% to close at 8,619.65 points with total sales of 1.727 million shares.

The BR Cement index fell 111.69 points or 1.99% to close at 5,512.37 points with 9.836 million shares.

The BR index of commercial banks rose 41.75 points or 0.45% to close at 9,395.30 points with 23.037 million shares.

The BR Power Generation and Distribution index fell 50.32 points or 0.92% to close at 5,426.61 points with 5.161 million shares.

The BR Oil and Gas index lost 0.76 points or 0.02% to close at 3,738.95 points with 8.277 million shares.

BR Tech. & Comm. The index closed at 4,720.88 points, up 13.61 points or 0.29% with 52.488 million shares.

Ahsan Mehanti of Arif Habib Corporation said the shares closed lower due to limited trade amid investor concerns over foreign capital outflows. institutional interest after the recovery of the rupee.

He said dismal data on cement sales down 6% in July-September 2021 and concerns over an 11.5% year-on-year increase in public debt close to Rs 39.7 trillion in August 2021 played a catalytic role in the bearish close.

Copyright Business Recorder, 2021


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Reviews | What killed the blue collar struggle for social justice https://1cplusplusstreet.com/reviews-what-killed-the-blue-collar-struggle-for-social-justice/ https://1cplusplusstreet.com/reviews-what-killed-the-blue-collar-struggle-for-social-justice/#respond Thu, 07 Oct 2021 13:00:27 +0000 https://1cplusplusstreet.com/reviews-what-killed-the-blue-collar-struggle-for-social-justice/ “If you want, fight for it,” he told his union brothers and sisters from their doomed factory. “I will fight with you.” I began to understand why white workers tended to view the factory shutdown – and the election of Donald Trump – differently from their black colleagues. Over the course of a decade, John […]]]>

“If you want, fight for it,” he told his union brothers and sisters from their doomed factory. “I will fight with you.”

I began to understand why white workers tended to view the factory shutdown – and the election of Donald Trump – differently from their black colleagues. Over the course of a decade, John had seen his wages drop from $ 28 an hour to $ 25 an hour to $ 23 an hour. After the plant closed, he struggled to find a job paying $ 17 an hour. His drop in income had not been tempered by social progress, such as the election of a black president. On the contrary, his social status had weakened. Wealthy white CEOs sent blue collar jobs to Mexico. But when blue-collar workers complained, college graduates called them xenophobic and racist.

The white working class men in the bearing factory may not have wanted to share their work with blacks and women. But they did. And now that blacks and women were working alongside them in the factory, everyone’s jobs were shifting to Mexico. It was more than many white workers could handle. A white man at the factory quit and gave up over $ 10,000 in severance pay just because he couldn’t stand watching a Mexican learn his job. “It’s depressing to see that you don’t have a future,” he told me. One of John’s best friends volunteered to train. “I don’t hate you, but I hate what you do,” John told him. They never spoke again.

The union representatives, almost all white, viewed the training of their replacements as a moral sin, akin to crossing a picket line. But many black workers and women disagreed. It wasn’t that long, after all, that white men had refused to train them.. Black workers had not forgotten how the union had treated their fathers and uncles. Many viewed the refusal to train Mexicans as racist. The most inexcusable coaches were blacks.

The announcement of the plant closure, the election of Donald Trump and the arrival of Mexican replacements at the plant took place over the span of three months in 2016, sparking a toxic mix of hope, of rage and despair. In the years since, the workers have scattered like brittle seeds, trying to start their lives anew.

Economists predicted they would get new jobs – even better jobs than before. Some have. But most of the workers I followed ended up making about $ 10 less an hour than before. One of them started a bed bug extermination business. Another joined the army. Another sold everything he owned and bought a one-way ticket to the Philippines, determined to make globalization work in his favor for once. Wally made strides in his barbecue business, until an unforeseen tragedy struck. John wondered whether he should go back to being a metalworker or taking a job at a hospital that didn’t have a union. Shannon was unemployed for a long time, which made her miserable. The old factory continued to appear in her dreams for years.

Of course, for every story like Shannon’s, there’s the story of a woman in India, China, or Mexico who has a job now – and more financial independence – thanks to a new factory. Globalization and social justice have many facets.


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Anna Marie Smykowski, 100 years old – MyVeronaNJ https://1cplusplusstreet.com/anna-marie-smykowski-100-years-old-myveronanj/ https://1cplusplusstreet.com/anna-marie-smykowski-100-years-old-myveronanj/#respond Thu, 07 Oct 2021 00:21:28 +0000 https://1cplusplusstreet.com/anna-marie-smykowski-100-years-old-myveronanj/ Mrs. Anna Marie Smykowski, 100, died on October 5, 2021 in Wilkes-Barre, Pennsylvania. Visiting Prout Funeral Home, 370 Bloomfield Avenue, Verona will be on Thursday October 7 from 2 to 4 p.m. A funeral mass will be celebrated in the Church of Our Lady of the Lake, Verona on Friday at 10:30 am Mausoleum of […]]]>

Mrs. Anna Marie Smykowski, 100, died on October 5, 2021 in Wilkes-Barre, Pennsylvania. Visiting Prout Funeral Home, 370 Bloomfield Avenue, Verona will be on Thursday October 7 from 2 to 4 p.m. A funeral mass will be celebrated in the Church of Our Lady of the Lake, Verona on Friday at 10:30 am Mausoleum of the Holy Cross Cemetery.

Born and raised in Newark, Anna Marie lived in Livingston and Caldwell before moving to Verona in 1972 and then to Nanticoke, Pennsylvania in 2020. She worked as an assembler for Ballatine Labs in Parsippany and then for Monsanto Corp in West Caldwell.

Anna Marie was a member of Our Lady of the Lake Church, Catholic Daughters of America-Court Immaculate # 1657 and Rosary Society of Our Lady of the Lake Church (Verona) and St. Philomena Church (Livingston ). She was also a member of the AFLCIO – Radio Communications Union in Harrison.

She was predeceased by her parents, C. Jacob Greb and Anna Marie (née Rock) Greb; his siblings, Margaret Munk, George Greb, Alfred Smith, Bertha Centrella, Charles Greb, Frank Greb, Raymond Greb; dear friend, Stanley Moczyoldwski and her husband, Henry Smykowski.

Anna Marie is survived by many loving nieces and nephews.

In lieu of flowers, donations in her memory to Our Lady of the Lake Endowment Fund, 22 Lakeside Avenue, Verona NJ 07044 would be greatly appreciated.

Condolences can be left on www.proutfuneralhome.com.

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Users are cooling off for the iPhone 13, the slowdown in China and more – 24/7 Wall St. https://1cplusplusstreet.com/users-are-cooling-off-for-the-iphone-13-the-slowdown-in-china-and-more-24-7-wall-st/ https://1cplusplusstreet.com/users-are-cooling-off-for-the-iphone-13-the-slowdown-in-china-and-more-24-7-wall-st/#respond Wed, 06 Oct 2021 11:50:21 +0000 https://1cplusplusstreet.com/users-are-cooling-off-for-the-iphone-13-the-slowdown-in-china-and-more-24-7-wall-st/ A surprisingly high percentage of iPhone owners at Apple Inc. (NASDAQ: AAPL) don’t think the iPhone 13 presented last month is a very exciting product. Some 64% say the new iPhone is “not very” or “not at all” exciting. Less than a quarter of the estimated 113 million iPhone owners in the United States plan […]]]>

A surprisingly high percentage of iPhone owners at Apple Inc. (NASDAQ: AAPL) don’t think the iPhone 13 presented last month is a very exciting product. Some 64% say the new iPhone is “not very” or “not at all” exciting. Less than a quarter of the estimated 113 million iPhone owners in the United States plan to upgrade to the iPhone 13.

The data is based on a survey of more than 5,000 adult US iPhone owners by mobile device research company SellCell.

Among the 23.2% of iPhone owners who plan to buy an iPhone 13, the most popular model is the Pro, the choice of 42.5% of upgrade buyers. Among non-buyers, the lack of Touch ID (29.3%), the absence of major new features (19.5%) and satisfaction with their current iPhones (12.1%) are the main reasons given for do not upgrade.

More than a third of non-buyers (36.8%) say they will wait for Apple to release the iPhone 14, and 32.3% say they don’t plan to upgrade at all in the near future. the next two years. Just over 16% say they are switching to Android phones, and 11.3% are considering buying an older (and cheaper) iPhone model.

For current iPhone owners who are planning to switch to Android phones, 45.1% say they will buy a Google Pixel phone, while 41.8% plan to buy a Samsung phone. This reverses the preferences reported by SellCell in March, indicating that iPhone changers preferred Samsung over Google by 46% to 35%. The researchers note that the recent hype related to Google’s upcoming Pixel 6 release could be a reason for the reversal.

Apple’s major suppliers in China are warning of further disruptions in energy supplies and possible supply chain disruptions just as the peak holiday production season begins. Several companies, including key suppliers to Apple, have been urged to reduce their energy consumption by up to 30%, according to a Financial Times report.

Pegatron, a Taiwan-based company and a major iPhone assembler, reduced “non-essential” power consumption by at least 10% starting in October. Other iPhone vendors are reviewing existing stocks in light of new electricity use regulations, hoping to find a way to avoid running out this month. ASE Technology, the world’s largest chip packaging and testing company, complied with government restrictions by arranging shipments earlier, hoping to lessen the impact on its customers.

Apple could be sidelined a bit with some of its partner banks, according to a Wall Street Journal report. Just as mobile game makers like Epic Games don’t want to pay the commissions demanded by Apple, some banks and credit card companies don’t want to pay the fees that Apple charges for transactions made through Apple Pay’s mobile wallet. .

Apple charges a fee of 0.15% of the purchase price for each Apple Pay transaction, and the fee applies to every credit card transaction, including automatic recurring payments like subscriptions. Visa has offered to remove the fees for these recurring payments and Apple, of course, opposes it. Debit card transactions pay a separate fee. According to the Wall Street Journal, “These fees represent the bulk of Apple’s revenue from its digital wallet, according to people familiar with the matter. “

Google’s competing wallet, Google Pay, does not charge transaction fees. And some banks and card issuers remain angry with Apple for launching its own credit card two years ago with Goldman Sachs. Not surprisingly, really, most customers don’t like direct competition from their own suppliers.

READ ALSO: 4 Big Dividend Energy Stocks To Top Up As Oil Closes To $ 80


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What was the world’s first car? The answer may surprise – The Clare People https://1cplusplusstreet.com/what-was-the-worlds-first-car-the-answer-may-surprise-the-clare-people/ https://1cplusplusstreet.com/what-was-the-worlds-first-car-the-answer-may-surprise-the-clare-people/#respond Tue, 05 Oct 2021 20:14:35 +0000 https://1cplusplusstreet.com/what-was-the-worlds-first-car-the-answer-may-surprise-the-clare-people/ As enigmatic (or nearly so) as the answer to the question of who came first, the chicken or the egg, is finding the right claim about which, after all, was the world’s first car. Until today, many theories on the subject point to the Ford Model T. This, however, is only one of many possible […]]]>

As enigmatic (or nearly so) as the answer to the question of who came first, the chicken or the egg, is finding the right claim about which, after all, was the world’s first car. Until today, many theories on the subject point to the Ford Model T. This, however, is only one of many possible answers to the question.

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Introduced to the world by Henry Ford in 1908 and designed to be “affordable, easy to use and durable”, the Ford Model T was, in fact, the first car in the world to be marketed, but not the first in history. This title, in fact and in law, belongs to another vehicle, and you will know which car is in no time.

Before, however, let’s talk a little more about the Ford Model T, considered by many to be the world’s first car. Made in Highland Park, Michigan, USA, the world’s first car to be marketed was tested by Henry Ford himself and became famous for some stunts it could perform, including climbing the steps of the Capitol Hill. State of Tennessee and reach the top of Pikes Peak.

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Among the modern technologies (for the time, of course), we can highlight the left-hand steering wheel, the fuel tank allocated under the passenger seat, the removable cylinder head and the massive use of light alloy, also called vanadium steel. . The low price was also a draw, as the Ford Model T sold for between US $ 75 and US $ 400 (BRL 1,311 and BRL 4,338, at current price).

Benz-Patent Motorwagen

Image: Disclosure / Daimler

Another chain of specialists in the automotive segment gives the Benz-Patent Motorwagen the title of the world’s first car. However, it also doesn’t appear to be the first car built on the planet.

Patented January 29, 1900 by Karl Benz, the Benz-Patent Motorwagen had a four-stroke, 850-displacement single-cylinder engine. It developed an “impressive” 0 HP at 400 rpm and reached a top speed of only km / h.

Equipped with just three wheels, the Benz-Patent is also today’s first Mercedes Benz luxury car and won two special assembly series: one produced in 2002 and another in 2002. The cars finished between the hands of collectors, who even spent US $ 29,000 (BRL 260.4,000) on the relics.

Who is kidding about today, where supercars go easily to 260 km / h, a warning: remember that this is an invention that appeared before 1900, a time when horses were the main means of transport.

The world’s first “car”

Image: Reproduction / Wikipedia

If we’re going to go back and pull the concept of the car back and apply it to the world’s first vehicle to walk without being pulled by horses, the title goes back to this weird way of getting around in the photo above. In fact, it’s here in our history just to illustrate, as it’s not exactly the world’s first car.

The project is in fact a steam tractor, created by the French Joseph Cugnot, in 1771, even before the appearance of locomotives and other vehicles with steam, combustion or electricity.

The first “very” car

Image: Reproduction / Wikipedia

The title of the first car in the world actually belongs to the invention of the Austrian Siegfried Marcus, dated 1771. It was quite rustic, but it had an internal combustion engine, which is enough to characterize it as the first car of the world. world.

In 1884, Frenchman Édouard Delamare-Deboutteville patented what could be considered the second car in the world, equipped with a two-cylinder engine, powered by petroleum gas, four wheels and chain transmission to the rear wheels.

And do you know why neither of these two is considered the first car in the world? French even has a legitimate reason, since, not having been produced in series, it has ended up being “despised” by history. The car created by the Austrian Siegfried Marcus was however left behind by the German Nazi regime.

That’s right. By decision of the German government in 1908, the encyclopedias were forced to replace the name of Siegfried Marcus, who was Jewish, with German engineers Gottlieb Daimler and Karl Benz.

And for you? What is the world’s first car?

With information: Coach, Cars Guide


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KSE-100 index progresses: BRIndex100 slightly up – Markets https://1cplusplusstreet.com/kse-100-index-progresses-brindex100-slightly-up-markets/ https://1cplusplusstreet.com/kse-100-index-progresses-brindex100-slightly-up-markets/#respond Mon, 04 Oct 2021 23:34:39 +0000 https://1cplusplusstreet.com/kse-100-index-progresses-brindex100-slightly-up-markets/ KARACHI: The Pakistan Stock Exchange experienced a mixed trend on Monday and, after moving both ways, closed on a positive note following further purchases, mostly by local investors. BRIndex100 gained 30.52 points or 0.65% to close at 4.737.62 points. The BRIndex100 hit an intraday high of 4,748.75 points and an intraday low of 4,660.02 points. […]]]>

KARACHI: The Pakistan Stock Exchange experienced a mixed trend on Monday and, after moving both ways, closed on a positive note following further purchases, mostly by local investors.

BRIndex100 gained 30.52 points or 0.65% to close at 4.737.62 points. The BRIndex100 hit an intraday high of 4,748.75 points and an intraday low of 4,660.02 points. Volumes amounted to 221.201 million shares.

BRIndex30 rose 391.29 points or 1.73% to close at 22,981.27 points with total daily revenue of 151.224 million shares.

The KSE-100 index rose 172.80 points or 0.39% and broke through the psychological level of 45,000 to close at 45,044.50 points. Daily trading volumes on the ready meter stood at 267.219 million shares compared to 267.051 million shares traded in the previous session. Foreign investors, however, remained net sellers of shares valued at $ 3.592 million. The total market capitalization increased by 38 billion rupees to 7,846 billion rupees. Out of a total of 545 active scripts, 348 closed positive and 192 closed while the value of 5 shares remained unchanged.

Telecard Limited was the volume leader with 25.662 million shares and rose Rs 1.20 to close at Rs 19.19, followed by WorldCall Telecom which closed at Rs 2.93, up Rs 0.15 with 21.643 million shares.

Rafhan Maize and Colgate Palmolive were the main winners, increasing by Rs 400.00 and Rs 100.01 respectively to close at Rs 10,900.00 and Rs 2,400.00, while Sapphire Textile and Bata Pak were the main losers, falling by Rs 78.75 and Rs 63.33 respectively to close at Rs 971.25 and Rs. 1700.00.

The BR Automobile Assembler index rose 69.08 points or 0.8% to close at 8,754.02 points with total sales of 1.522 million shares.

The BR Cement index fell 34.44 points or 0.58% to close at 5,855.32 points with 8.639 million shares.

The BR Commercial Banks index gained 13.55 points or 0.15% to close at 9,356.51 points with 30.610 million shares.

The BR Power Generation and Distribution index rose 9.95 points or 0.18% to close at 5,497.46 points with 5.544 million shares.

The BR Oil and Gas index lost 10.61 points or 0.28% to close at 3,726.83 points with 9.917 million shares.

BR Tech. & Comm. The index closed at 4,841.38 points, up 101.53 points or 2.14% with 86.932 million shares.

An analyst from Arif Habib Limited said that the increase in foreign capital outflows (due to Pakistan’s reclassification from MSCI EM to MSCI Frontier market) in recent sessions has put additional pressure on the index. Exits from E&P, banks and the fertilizer sector kept local investors poised to experience further declines in these sectors and a reflection of this was seen in PPL, POL, HBL, SYS, EFERT.

The slight rise in NETSOL, TRG and AVN just before the start of trading in Octopus digital, helped the index turn green, which was otherwise down 310 points during the session. The lost points were recovered at the end of the session and added a net gain of 173 points.

Sectors contributing to performance include technology (up 70 points), pharmaceuticals (up 48 points), food (up 21 points), chemicals (up 18 points) and investment banks (up 13 points). Stocks that contributed positively to the index include TRG (up 49 points), SEARL (up 39 points), COLG (up 17 points), AVN (up 17 points) and ENGRO (up increase of 16 points). Stocks that contributed negatively include PPL (down 23 points), LUCK (down 21 points), POL (down 12 points), FFC (down 11 points) and CHCC (down 8 points) ).

Copyright Business Recorder, 2021


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Lordstown sells electric vehicle plant in Ohio to Taiwan’s Foxconn https://1cplusplusstreet.com/lordstown-sells-electric-vehicle-plant-in-ohio-to-taiwans-foxconn/ https://1cplusplusstreet.com/lordstown-sells-electric-vehicle-plant-in-ohio-to-taiwans-foxconn/#respond Sat, 02 Oct 2021 15:47:00 +0000 https://1cplusplusstreet.com/lordstown-sells-electric-vehicle-plant-in-ohio-to-taiwans-foxconn/ LORDSTOWN, Ohio: Electric truck maker Lordstown Motors Corp. sold its Ohio plant to Taiwan’s Foxconn Technology Group for $ 230 million. Lordstown Motors reached an agreement with General Motors Co. in late 2019 to purchase the plant. The sale will provide the necessary funds for the mass production of the electric pickup named Endurance. For […]]]>

LORDSTOWN, Ohio: Electric truck maker Lordstown Motors Corp. sold its Ohio plant to Taiwan’s Foxconn Technology Group for $ 230 million.

Lordstown Motors reached an agreement with General Motors Co. in late 2019 to purchase the plant.

The sale will provide the necessary funds for the mass production of the electric pickup named Endurance.

For Foxconn, which is Apple Inc.’s largest iPhone assembler, the plant would instantly give the company an auto-manufacturing footprint in the United States as it embarks on vehicle manufacturing and sales. electric.

Industry watchers note that selling the facility and running it alongside Foxconn could help Lordstown better operate the facility. At its peak, 10,000 people were employed at the factory.

Lordstown CEO Dan Ninivaggi said in an interview in August that he was looking for partners to help the company take full advantage of the plant, which was once among Ohio’s largest employers.

“The key to unlocking financial potential is to maximize the value of the Lordstown facility,” Ninivaggi said at the time. “We are exploring a number of alternatives. It could take different forms. This is the first job for me.”

For its part, Foxconn will seek to build electric vehicles from the chassis. It is quickly entering the electric vehicle business, as are the big tech companies from Apple to Xiaomi Corp. invest significant sums in new generation mobility technologies.

Earlier in 2021, Chairman Young Liu of Foxconn’s flagship unit, Hon Hai Precision Industry Co., said the company was considering opening an electric vehicle manufacturing plant in Wisconsin.

Observers believe Foxconn’s purchase in Ohio will make it a candidate for making electric vehicles for Apple.


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Staffing and logistics pinch Ala’s supplier. even after bringing work closer to home https://1cplusplusstreet.com/staffing-and-logistics-pinch-alas-supplier-even-after-bringing-work-closer-to-home/ https://1cplusplusstreet.com/staffing-and-logistics-pinch-alas-supplier-even-after-bringing-work-closer-to-home/#respond Sat, 02 Oct 2021 04:00:01 +0000 https://1cplusplusstreet.com/staffing-and-logistics-pinch-alas-supplier-even-after-bringing-work-closer-to-home/ Editor’s Note: This story is part of a special “Help Wanted” section published in the October 4 edition that details how long automakers will find new workers. The auto industry has been talking about “relocation” in recent years as if it were some kind of patriotic movement – taking manufacturing jobs in the United States […]]]>

Editor’s Note: This story is part of a special “Help Wanted” section published in the October 4 edition that details how long automakers will find new workers.

The auto industry has been talking about “relocation” in recent years as if it were some kind of patriotic movement – taking manufacturing jobs in the United States from China, Indonesia and the United States. Mexico to strengthen the US economy.

Garry Craft wishes it were that simple.

“We just moved a lot of business from Mexico to our factory in Gadsden, Alabama, because the company there couldn’t recruit enough people to do the job,” said Craft, sales manager at Koller. -Craft South. “They were struggling to find employees. And once their product got to the border, the trucks were there for five to seven days due to staffing issues at the border.”

Koller-Craft, a Level 2 component moulder and assembler including interior trim, decorative parts, cup holder sets and door handle sets, adds 15-20 people to its 170-employee Gadsden plant to absorb the extra work.

Cross-border shipments have been a thorny issue for vendors like Koller-Craft long before the COVID-19 pandemic arrived in early 2020. The Trump administration’s trade war between the United States and China has introduced new unknowns into global supply chains in 2018. Tariffs on steel imports have further altered some supply chain equations. And border closures and traffic jams due to the pandemic have further complicated logistics.

But suppliers in many areas say the main problem this year has simply been having enough workers to make parts and get them to their customers.

“It’s just a matter of being able to hire truck drivers,” said Craft, whose name coincides with that of his employer. “There were times when we had to call our client and say, ‘We can’t get a truck out today because we can’t have a truck driver. We will have a truck tomorrow. ‘ “

The industry was already worried about a shortage of truck drivers before the pandemic arrived. But then it got worse. The Bureau of Labor Statistics reported last month that trucking employment in the United States has not recovered from its pandemic decline and remains more than 30,000 people below its February 2020 workforce.

Staffing and logistics issues also raise quality flags in a supply chain, Craft added.

“We have had quality issues with companies that have never had any before,” he said. “And that’s because they’ve lost some of their experienced talent. New employees are coming in who have to learn the product from scratch.”


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PSX loses 27.90 points: the BRIndex100 ends flat – Markets https://1cplusplusstreet.com/psx-loses-27-90-points-the-brindex100-ends-flat-markets/ https://1cplusplusstreet.com/psx-loses-27-90-points-the-brindex100-ends-flat-markets/#respond Fri, 01 Oct 2021 23:45:57 +0000 https://1cplusplusstreet.com/psx-loses-27-90-points-the-brindex100-ends-flat-markets/ KARACHI: The Pakistan Stock Exchange experienced a mixed trend on Friday as investors remained cautious and avoided taking new positions. The BRIndex100 closed at 4,707.10 points, up 8.8 points or 0.19%. During the session, the BRIndex100 hit an intraday high of 4,728.37 points and an intra-day low of 4,654.25 points. Total volumes amounted to 220.584 […]]]>

KARACHI: The Pakistan Stock Exchange experienced a mixed trend on Friday as investors remained cautious and avoided taking new positions.

The BRIndex100 closed at 4,707.10 points, up 8.8 points or 0.19%. During the session, the BRIndex100 hit an intraday high of 4,728.37 points and an intra-day low of 4,654.25 points. Total volumes amounted to 220.584 million shares.

BRIndex30 gained 35.38 points or 0.16% to close at 22,589.98 points with total daily revenue of 133.369 million shares. The KSE-100 index lost 27.90 points or 0.06% and closed at 44,871.70 points. Trading activity remained weak as daily volumes on the loan meter declined to 267.051 million shares from 372.433 million shares traded on Thursday.

Foreign investors also remained net sellers of stocks worth $ 3,800 million. The total market capitalization, however, increased by 4 billion rupees to 7,808 billion rupees. Out of a total of 561 active scripts, 368 closed positive and 178 closed while the value of 15 shares remained unchanged.

TPL Corp was the volume leader with 15.304 million shares and gained Rs 0.05 to close at Rs 20.42 followed by Byco Petroleum which closed at Rs 8.20, up Rs 0.02 to 14.237 million actions. Colgate Palmolive and Sapphire Textile were the main winners, increasing by Rs 92.88 and Rs 51.00 respectively to close at Rs 2299.99 and Rs 1050.00 while Nestlé Pakistan and Sapphire Fiber were the main losers, falling by Rs 125.80 and Rs 59.76 respectively to close at Rs 5910.00 and Rs. 740.24.

The BR Automobile Assembler index rose 54.66 points or 0.63% to close at 8,684.94 points with total sales of 1.329 million shares.

The BR Cement index lost 52.59 points or 0.89% to close at 5,889.76 points with 11.425 million shares.

The BR Commercial Banks index gained 13.55 points or 0.15% to close at 9,342.96 points with 22.458 million shares.

The BR Power Generation and Distribution index fell 23.74 points or 0.43% to close at 5,487.51 points with 15.869 million shares.

The BR Oil and Gas index closed at 3,737.44 points, down 1.78 points or 0.05% to 26.315 million shares.

BR Tech. & Comm. The index fell 7.66 points or 0.16% to close at 4,739.85 points with 59.814 million shares.

Maaz Mulla of JS Global Capital said the local exchange witnessed activity from a distance as the KSE-100 index moved between 45,003 and 44,600 points. The KSE-100 index finally closed at 44,872, down 28 points. Volume traded was 267 million shares, TPL (up 0.2%), BYCO (up 0.2%), HASCOL (up 8.5%), ASL (up 3.7%) and WTL (up 2.2%) being the main contributors.

Copyright Business Recorder, 2021


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Facebook, Warby Parker, Merck: the stocks that defined the week https://1cplusplusstreet.com/facebook-warby-parker-merck-the-stocks-that-defined-the-week/ https://1cplusplusstreet.com/facebook-warby-parker-merck-the-stocks-that-defined-the-week/#respond Fri, 01 Oct 2021 23:26:00 +0000 https://1cplusplusstreet.com/facebook-warby-parker-merck-the-stocks-that-defined-the-week/ Facebook Inc. FB 1.07% A version of Instagram designed for kids doesn’t get many likes in Washington, DC The social media giant announced on Monday that it would put its plans for Instagram Kids on hold after lawmakers expressed concerns about the platform’s effects on youth mental health. In a hearing Thursday, Senate members then […]]]>

Facebook Inc.

FB 1.07%

A version of Instagram designed for kids doesn’t get many likes in Washington, DC The social media giant announced on Monday that it would put its plans for Instagram Kids on hold after lawmakers expressed concerns about the platform’s effects on youth mental health. In a hearing Thursday, Senate members then accused the company of ignoring internal research showing Instagram is harmful to a significant number of teenage girls. Facebook shares fell 3.7% on Tuesday.

Alphabet Inc.

GOOG 2.40%

Google’s review of Alphabet is in the country below. Australia’s competition watchdog has expressed concern over the dominance of Alphabet’s Google unit in much of the online advertising industry and said it is considering regulatory action against the giant. technology. The country has taken an aggressive stance on regulating large US tech companies, an approach that has been widely observed as other countries consider similar actions. Earlier this year, Australian lawmakers passed a law requiring big tech companies, including Google and Facebook, to pay news publishers for content. Alphabet shares lost 3.8% on Tuesday.

Merck MRK 8.37%

& Cie.

The next treatment for Covid-19 could be in pill form. Merck and its partner, Ridgeback Biotherapeutics LP, said on Friday that their experimental pill has helped prevent people at high risk at the onset of Covid-19 from becoming seriously ill and dying. The drug, called molnupiravir, reduced the risk of hospitalization or death in study subjects with mild to moderate Covid by about 50%. The study results put molnupiravir on track to potentially be cleared by the end of the year, giving doctors who have passed the pandemic an option to search for a drug that those infected could easily take home. home to prevent them from being hospitalized. Merck stock jumped 8.4% on Friday.

Dollar tree Inc.

DLTR 2.36%

Dollar Tree is throwing the ball back. The discount chain, which sells almost everything for a dollar in its namesake chain, plans to add more products at slightly higher prices as costs rise for a line of products. The retailer said it would start selling products at $ 1.25 and $ 1.50 or other prices slightly above $ 1 in some of its stores, expanding current tests of selling items to higher prices in a section called Dollar Tree Plus. Rising prices are the result of inflation, higher wages in a tight labor market, and higher freight costs amid supply chain grunts. Dollar Tree shares jumped 17% on Wednesday.

Warby parker Inc.

WRBY 1.19%

Warby Parker made his revealing debut. The eyewear maker is worth around $ 6.8 billion after its IPO on Wednesday, ending its first trading day with a valuation twice as high as it was in a private funding round last year. The company sold shares through a direct listing, rather than a traditional public offering. Warby Parker’s reception showed investor interest in growth-driven, unprofitable direct-to-consumer retailers has not completely waned, more than a year after Casper Sleep Inc.

a disappointing start. Warby Parker stock closed 36% above its benchmark price of $ 40 on Wednesday.

Bed bath and beyond Inc.

BBBY -4.02%

Bed Bath & Beyond fell behind in the last quarter. The home goods retailer on Thursday reported a sharp drop in quarterly sales and lowered its forecast for the year, citing supply chain challenges, inflation and slowing traffic to its stores in because of the Covid-19 issues. The company’s woes come as companies rush to restock inventory depleted by the pandemic. The U.S. supply chain has so far failed to adjust to a crash in imports amid mounting shipping delays and freight backlogs. Chief Executive Mark Tritton said the company is also tackling internal execution issues, such as how best to allocate its marketing resources to attract more buyers. Shares of Bed Bath & Beyond fell 22% on Thursday.

Lordstown Engines Corp.

STROLL -18.17%

Lordstown tries to avoid running empty. The cash-strapped electric truck maker said Thursday it plans to sell an Ohio plant it bought two years ago as it worked to bring its first pickup to market . The buyer is the Foxconn Technology Group contracted assembler,

which also plans to invest $ 50 million in Lordstown through a purchase of common shares. Lordstown attempted to raise capital after warning earlier this year that it was burning cash faster than expected and that it lacked funds to increase commercial production. The automaker is said to use Foxconn to manufacture its vehicles at the plant. Lordstown shares slumped 18% on Friday.

Write to Francesca Fontana at francesca.fontana@wsj.com

Copyright © 2021 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8


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