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Daily Bread for 10.30.19

Good morning.

Wednesday in Whitewater will be cloudy with a high of forty.  Sunrise is 7:27 AM and sunset 5:49 PM, for 10h 22m 18s of daytime.  The moon is a waxing crescent with 7.3% of its visible disk illuminated.

Today is the one thousand eighty-sixth day.

On this day in 1938, Orson Welles directs and narrates a Mercury Theatre radio production of The War of the Worlds.

Recommended for reading in full:

  David J. Lynch reports In manufacturing Midwest, signs of trouble amid good times:

MANITOWOC, Wis. — Sachin Shivaram, the chief executive of Wisconsin Aluminum Foundry, started to worry this summer when orders for his brake housings and conveyor belt motors first grew scarce. Within weeks, what began as mild concern snowballed into a business drought that has seen bookings plunge by 40 percent.

In August, Shivaram, 38, reluctantly laid off two dozen workers, hoping to recall them when the outlook improved. It hasn’t.

“Things are not good. We didn’t anticipate this level of deterioration,” he said. “Orders are down across the board.”

The sudden slump at this ­110-year-old company illustrates the economic erosion that is challenging President Trump’s signature promise to restore a lost era of American manufacturing greatness.

….

Already, plants in several Midwestern states that will be crucial to the president’s reelection campaign are shedding workers. Manufacturing employment is down by almost 9,000 in Pennsylvania over the past year and 6,800 in Wisconsin. Michigan, Indiana and Minnesota also have lost factory jobs, though in Ohio, assembly lines continue to add them.

The president’s tariffs on China, Canada, Mexico and the European Union — and those trading partners’ retaliation against the United States — are sapping manufacturers’ strength, economists said. Through August, Wisconsin companies’ exports to China of $822 million were 25 percent less than in the same period in 2018, according to the Census Bureau.

Charles Pierce observes Scott Walker’s Legacy of Getting Played by FoxConn Lives On:

Scott Walker …. has been particularly active both on the electric Twitter machine and in real life. He is running some operation to ensure that gerrymandering stays in place, and he’s also the head of the Young Americans for Freedom, that hoary old relic of the John Birch Society’s heyday. Meanwhile, back in America’s Dairyland, his most conspicuous legacy continues to be the biggest bag of magic beans ever sold to an allegedly sentient politician.

….

Foxconn has been playing Wisconsin like a ten-cent yo-yo ever since Walker showed up at the company’s doorstep with the state’s economy in his mouth, like a beagle who’s brought home a rabbit. Last February, the company floated a story that even the main campus was in doubt, announcing that plans had changed and that a smaller facility might be built. This, as MarketWatch informed us a couple of years ago, is Foxconn’s general M.O.

But the details are important, given Gou’s history of making and breaking promises in numerous countries and regions over the years, including in the U.S. A pledge to invest $30 million in a factory in central Pennsylvania in 2013 was also greeted with much ballyhoo, as reported by the Washington Post.

 How To Use Apple Pay:

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