For most of the country, March madness means basketball. In Washington, D.C. it means the annual congressional budget process, which gets underway in earnest this week as the House and Senate take up resolutions aimed at reinforcing Republican priorities and smoothing the process of passing funding bills for federal departments and agencies later this year.
Despite the GOP controlling both chambers by large margins, the 114th Congress has been off to a shaky start (typified by the stumble over Homeland Security funding). The stakes for House and Senate GOP leaders in the budget debate are extremely high. House Speaker John Boehner (R-Ohio) more »
On Mar. 18, the Section 1031 Like-Kind Exchange Coalition released an economic impact study that concludes repealing the like-kind exchange rules would slow economic growth, reduce GDP and hurt many U.S. small businesses.
The Ernst & Young study was commissioned in response to legislative proposals to repeal Section 1031, and concludes that the GDP reduction is driven primarily by decreased business investment. The industries most impacted by a repeal of Section 1031 include truck transportation, real estate, specialty construction and heavy construction.
The Coalition hosted a roll-out event on Capitol Hill on March 16 featuring small business owners and industry professionals who described more »
On Mar. 19, the House adopted a Congressional Review Act (CRA) resolution (H.J. Res. 29) disapproving and effectively halting the National Labor Relations Board’s (NLRB) ambush election rules, 323-186.
Effective April 14, the Board’s new regulations will significantly reduce the period between the filing of a petition and a union election, denying employers an adequate opportunity to educate its workers on the impact of unionization prior to employee voting. The NLRB’s actions also infringe on the privacy rights of workers and their families.
Specifically, the new rules:
- Shorten the union election process to as few as 14 days from the current median time of more »
CWW Conveyor Systems, LLC (CWW) and Caterpillar Global Mining America LLC (Cat Global Mining) finalized a transaction on Mar. 20, 2015, through which CWW acquired Cat Global Mining’s conveyor systems product group serving the United States, Canada and Mexico. CWW is a new entity formed by two Caterpillar dealer principals: Jay Cleveland Jr. of Cleveland Brothers Equipment Company, Inc. and CB Mining, Inc. and Monty L. Boyd of Whayne Supply Co. and Walker Machinery Co.
“CWW was established as a separate, independent company to provide customers a broad line of belt terminal groups, structures and idlers, pulleys and rollers used more »
BOK Financial announced Mar. 20, that its chief operating officer, Dan Ellinor, has resigned after a 12-year career with the company. Ellinor leaves a strong legacy of record loan growth and successful expansion into new markets during his time with BOK Financial, said President and CEO Steve Bradshaw.
“Dan has had a meaningful impact on BOK Financial’s strategic direction and financial results in his time leading the commercial bank, as well as serving as COO the past year and a half,” said Bradshaw. “I will sincerely miss his partnership. I appreciate all he’s done for the company and wish him all the more »
IronPlanet, an online marketplace for buying and selling used heavy equipment and trucks, announced Susan Stillings as the company’s new chief marketing officer (CMO) on Mar. 20. Stillings joins IronPlanet with 20+ years of experience helping companies reach new audiences and raise their profiles and brands with existing stakeholders.
“Susan is a marketing and communications veteran who brings a global perspective to our business,” said Jeff Jeter, IronPlanet president. “I am excited to have her join us at a time when our momentum in the market is allowing us to take IronPlanet to new heights. Susan’s expertise will be invaluable as we continue to expand more »
Recently, the Chinese Quality Association (CAQ) announced the results for outstanding achievement in brand cultivation in 2014, and LiuGong was honored for outstanding in brand marketing initiatives in 2014.
According to the company, LiuGong adheres to the brand strategy and innovative marketing strategy. By comprehensively using advertisements, public relations and marketing promotion, LiuGong has created a unique brand image to identify itself on the global stage. In March of 2014, LiuGong launched a new global brand strategy which adheres to international standards and expectations and has endowed a distinct personality to the brand. Simple and clear messages, taglines and images have helped LiuGong more »
More than one-third of New York’s major roads are in poor condition, while more than one-third of the state’s bridges are deficient or do not meet modern design standards, according to a new report released Mar. 19, by TRIP, a Washington, D.C.-based national transportation organization. Increased investment in transportation improvements at the local, state and federal levels could improve road and bridge conditions, enhance safety, relieve traffic congestion and support long-term economic growth in New York.
The TRIP report, “Conditions and Safety of New York’s Roads and Bridges,” examines road and bridge conditions, traffic safety, economic development and transportation funding in New York more »
Regulations would force cement plant closures in small, rural communities
The Environmental Protection Agency’s (EPA) proposal to further tighten ozone standards could result in the loss of more than 45,000 construction jobs each year, slow the nation’s economy, and impede vital infrastructure investments.
In comments filed to the EPA on Tuesday, Mar. 17, Portland Cement Association (PCA) estimates that the cement industry alone would have compliance costs and plant closures that could lead to the loss of nearly 900 jobs. Cement manufacturing jobs are highly technical and well-paying, with an average wage of $77,481 per year. Most cement plants are located in small rural more »
Builder confidence in the market for newly built, single-family homes in March fell two points to a level of 53 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released Mar. 16.
“Even with this slight slip, the HMI remains in positive territory and we expect the market to improve as we enter the spring buying season,” said NAHB Chairman Tom Woods, a home builder from Blue Springs, Mo.
“The drop in builder confidence is largely attributable to supply chain issues, such as lot and labor shortages as well as tight underwriting standards,” said NAHB Chief Economist David Crowe. “These more »