Skip to main content

Standing By on NAM Labor Day Report

Off the wire from our friends at NAM:
**MEDIA ADVISORY**


Study Shows Energy Costs Shrinking the Pie for America'’s Workers

WHO:
  • John Engler, NAM President and CEO, National Association of Manufacturers
  • David Huether, NAM Chief Economist

WHAT: NAM President John Engler will address the media on the results of the NAM'’s annual Labor Day report. The report provides a snapshot of the past year'’s economic trends as they relate to the American worker. As production jobs in manufacturing have posted their strongest gains since 1998 and production has increased at its fastest pace in six years, surging energy prices are decreasing workers'’ take-home pay. Along with David Huether, the NAM'’s chief economist, Gov. Engler will discuss how the manufacturing sector can continue to expand by turning toward a reliable domestic energy supply.

WHEN: 10:00 a.m.
Monday, August 28, 2006

WHERE: NAM Headquarters' —Industry Room
1331 Pennsylvania Ave, NW Suite 600
Washington, DC
Full report expected anytime now. We'll provide a link as soon as possible.

UPDATE: Report is in (PDF). From the press release:
“But while workers’ total compensation has continued to outpace inflation, wages have not,” Huether said. “Surging energy prices have propelled inflation at a faster pace than workers’ take-home pay and have resulted in declines in real wages for working Americans.”

“Over the past year energy prices have risen 23 percent due to increased global demand, limited domestic supplies, natural disasters and global instability,” Engler said. “As a result, real wages have fallen by 0.5 percent over the past year when they should have gone up by 1.2 percent.

“The time has come to build a national energy policy to address these costs by increasing domestic production and supply,” Engler said. “Our nation was galvanized around the Manhattan Project, we put a man on the moon, and 50 years ago, we created the Interstate Highway System. If we marshal that same national spirit of cooperation, unity and focus, we can ensure energy security.”
Technorati tags: , , , , ,

Comments

Popular posts from this blog

Wednesday Update

From NEI’s Japan micro-site: NRC, Industry Concur on Many Post-Fukushima Actions Industry/Regulatory/Political Issues • There is a “great deal of alignment” between the U.S. Nuclear Regulatory Commission and the industry on initial steps to take at America’s nuclear energy facilities in response to the nuclear accident in Japan, Charles Pardee, the chief operating officer of Exelon Generation Co., said at an agency briefing today. The briefing gave stakeholders an opportunity to discuss staff recommendations for near-term actions the agency may take at U.S. facilities. PowerPoint slides from the meeting are on the NRC website. • The International Atomic Energy Agency board has approved a plan that calls for inspectors to evaluate reactor safety at nuclear energy facilities every three years. Governments may opt out of having their country’s facilities inspected. Also approved were plans to maintain a rapid response team of experts ready to assist facility operators recoverin...

Fluor Invests in NuScale

You know, it’s kind of sad that no one is willing to invest in nuclear energy anymore. Wait, what? NuScale Power celebrated the news of its company-saving $30 million investment from Fluor Corp. Thursday morning with a press conference in Washington, D.C. Fluor is a design, engineering and construction company involved with some 20 plants in the 70s and 80s, but it has not held interest in a nuclear energy company until now. Fluor, which has deep roots in the nuclear industry, is betting big on small-scale nuclear energy with its NuScale investment. "It's become a serious contender in the last decade or so," John Hopkins, [Fluor’s group president in charge of new ventures], said. And that brings us to NuScale, which had run into some dark days – maybe not as dark as, say, Solyndra, but dire enough : Earlier this year, the Securities Exchange Commission filed an action against NuScale's lead investor, The Michael Kenwood Group. The firm "misap...

Activists' Claims Distort Facts about Advanced Reactor Design

Below is from our rapid response team . Yesterday, regional anti-nuclear organizations asked federal nuclear energy regulators to launch an investigation into what it claims are “newly identified flaws” in Westinghouse’s advanced reactor design, the AP1000. During a teleconference releasing a report on the subject, participants urged the Nuclear Regulatory Commission to suspend license reviews of proposed AP1000 reactors. In its news release, even the groups making these allegations provide conflicting information on its findings. In one instance, the groups cite “dozens of corrosion holes” at reactor vessels and in another says that eight holes have been documented. In all cases, there is another containment mechanism that would provide a barrier to radiation release. Below, we examine why these claims are unwarranted and why the AP1000 design certification process should continue as designated by the NRC. Myth: In the AP1000 reactor design, the gap between the shield bu...