Obama's Second-Favorite CEO
futureofcapitalism.com

If there's a runner-up to GE's Jeffrey Immelt for the title of President Obama's favorite CEO, it might be Dow Chemical's Andrew Liveris. The Wall Street Journal reviews Mr. Liveris's new book, Make It in America, without any mention at all of the Obama connection. The Journal says Mr. Liveris "thinks that the U.S. government needs to draw up a national strategy to encourage more manufacturing, especially in renewable energy and other 'green' technologies." Also, "Mr. Liveris would like see the federal government offer financial incentives to various companies—beyond what is already dangled by state and local agencies—to encourage manufacturers to build factories in the U.S."

Read More...

Private Pumps
futureofcapitalism.com

The left says the Hurricane Sandy recovery effort shows the need for big government. But one can just as easily make the case that it shows the need for private enterprise. The Wall Street Journal has a news article about some of the companies that make or supply the pumps being used to remove water from New York City basements and tunnels. Sure enough, the pumps are privately made:

People tend to overlook the importance of pumps, except "when they're in trouble," says Jim Gorman, the 88-year-old chairman of Gorman-Rupp, which is based in Mansfield, Ohio....Mr. Gorman, the chairman of Gorman-Rupp, has been in the business since the late 1930s. His father, J.C. Gorman, and a partner, H.E. Rupp, started the company in 1933 in a barn on the outskirts of Mansfield, in north-central Ohio, with capital of $1,500.

Read More...

Private Pumps
futureofcapitalism.com

The left says the Hurricane Sandy recovery effort shows the need for big government. But one can just as easily make the case that it shows the need for private enterprise. The Wall Street Journal has a news article about some of the companies that make or supply the pumps being used to remove water from New York City basements and tunnels. Sure enough, the pumps are privately made:

People tend to overlook the importance of pumps, except "when they're in trouble," says Jim Gorman, the 88-year-old chairman of Gorman-Rupp, which is based in Mansfield, Ohio....Mr. Gorman, the chairman of Gorman-Rupp, has been in the business since the late 1930s. His father, J.C. Gorman, and a partner, H.E. Rupp, started the company in 1933 in a barn on the outskirts of Mansfield, in north-central Ohio, with capital of $1,500.

Read More...

Obama's Second-Favorite CEO
futureofcapitalism.com

If there's a runner-up to GE's Jeffrey Immelt for the title of President Obama's favorite CEO, it might be Dow Chemical's Andrew Liveris. The Wall Street Journal reviews Mr. Liveris's new book, Make It in America, without any mention at all of the Obama connection. The Journal says Mr. Liveris "thinks that the U.S. government needs to draw up a national strategy to encourage more manufacturing, especially in renewable energy and other 'green' technologies." Also, "Mr. Liveris would like see the federal government offer financial incentives to various companies—beyond what is already dangled by state and local agencies—to encourage manufacturers to build factories in the U.S."

Read More...