Survey Highlights Mixed Opinions on Globalization

Public perception of globalization has declined over the past two years, according to a market survey from the World Economic Forum and Ipsos. Although 75% of the survey takers agreed that expanding trade is a good thing, nearly 40% of them believe more trade barriers should limit imports of foreign goods. These results could indicate a decline in ...
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ABC Reports Construction Input Prices Up 23.1% Year-Over-Year

A recent analysis of the U.S. Bureau of Labor Statistics' Producer Price Index from Associated Builders and Contractors (ABC) revealed that construction input prices rose by 0.6% in July. The analysis also revealed that these input prices increased to levels 23.1% higher than a year ago.Commodity prices have continued to soar under unrelenting dema...
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Commercial Bankruptcy Filings Down from June to July

Commercial bankruptcy filings declined 15% from June to July this year, according to reports from Epiq's AACER bankruptcy information services business. Overall, U.S. bankruptcy filings were down 6%."New commercial filings continue to lag as the financial markets continue to offer robust alternatives to restructuring under U.S. bankruptcy code," sa...
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New Executive Order Aims for Competitive Marketplace

 President Joe Biden's July 9 executive order strives for a fairer and more open marketplace. The order encourages the leading antitrust agencies to focus enforcement efforts on problems in key markets and coordinates other agencies' ongoing response to corporate consolidation. Among other things, according to a White House fact sheet, it does...
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Construction Employment Remains Below Pre-Covid Levels in 39 States

​Continuous demand coupled with labor shortages in the construction industry has halted production across the majority of the U.S. According to the Association of General Contractors (AGC), today's employment levels in the construction industry are still trailing employment levels prior to the global shutdown in 39 states."The construction industry...
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Middle East Shifting Focus Toward Renewable Energy to Boost Economy

 The Middle East has relied on the production and distribution of oil for decades to sustain its economy. Now, with GDP projecting a decrease in oil and non-oil growth in the coming years, that production is expected to decline as the Gulf region prepares to invest more in renewable energy sources."We reject the false choice between preserving...
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