I took a detour in life and a couple of months off from pleasure reading to expand my horizons with a 3rd or 4th career and passed my national and NCI took a detour in life and a couple of months off from pleasure reading to expand my horizons with a 3rd or 4th career and passed my national and NC brokerage tests today. Haha… who knows the future?
The textbook looks and feels like the “Yellow Pages” only bigger, with more facts and figures to please any trivial pursuit enthusiast. I figured if I read “Goren's Bridge Complete: Completely Updated and REV. Ed. of the Standard Work for All Bridge Players” for pleasure as a college junior and several portions of the ever dry “The Chicago Manual of Style: The Essential Guide for Writers, Editors, and Publishers” mandated by my publisher several years ago, then reading this 832 page real estate book more than twice seemed like a fair present day challenge.
Oh well, with this behind me I’m back to pleasure reading and active with Goodreads! ...more
Author Dan DiMicco is the CEO of Nucor, a company with headquarters in Charlotte, North Carolina that has risen to become America’s largest and most sAuthor Dan DiMicco is the CEO of Nucor, a company with headquarters in Charlotte, North Carolina that has risen to become America’s largest and most successful steel company. Through his 2015 book the patriotic businessman details his passionate stance declaring it is essential for America to regain its manufacturing base if our nation is to become strong again. DiMicco is not an optimist or a pessimist but a realist.
Our nation’s economy and lack of jobs and careers is a major concern. Throughout the first two thirds of the 20th Century America thrived with a strong manufacturing base. In the mid-1960’s manufacturing was 25% of our GDP, in 1980 20% and today it is 12.5%. The manufacturing sector challenged the brightest to continually innovate and expand R&D. Our current economy with bursts and bubbles has become fragile due to the rapid decline of “American made”, which long served as a cornerstone to our society. Today America has a “real” unemployment rate of 12% and since 2000 roughly 5.2 million manufacturing jobs have vanished to other locations around the globe.
Identifying and comprehending the root cause to a problem generally leads to a successful resolution. This seems simple but when you add Washington D.C. lobbyists and trade deals approved by both Democrats and Republicans that do not favor American manufacturing you have a dysfunctional mindset and a monumental central problem that continues to be ignored.
In 2009 President Obama invited DiMicco, Starbucks Howard Shultz, and top representatives from Wal-Mart and Verizon to the White for an intimate business summit. To DiMicco’s disappointment the agenda did not center upon creating manufacturing jobs to fuel the economy but rather discussions focused on health care and carbon dioxide emissions. It was a major missed opportunity.
DiMicco noted: “…we [America] abandoned manufacturing and embraced service-oriented industries in the name of “free trade.” That’s something you should never, ever do.”. In order to create real wealth for the middle class and others it is essential that manufacturing, which creates something tangible, trumps consumerism. In the global market true free trade does not exist, as many other factors are in play including illegal dumping and most importantly currency manipulation. Some say the U.S. should not take a firm stand as this may result in a trade war however we are currently in a trade war and losing with a massive deficit.
He refuses to believe the “new normal” economy is here to stay. At 39.1 % the United States leads all industrial nations with the highest corporate tax rate. The tax rate must be reduced to allow American manufacturing to be competitive. Furthermore by unleashing America’s natural energy resources we can compete with any country.
It does not necessarily take a war for America to lose its freedom. A prolonged ruined economy can also have devastating effects. The author so aptly states: “A country that doesn’t create or make or build things is a country doomed to mediocrity. Manufacturing, and the innovation that comes with it, is indispensable to the vitality of a great nation. It’s just a fact of economic life.” America is a generous nation and following victory in World War II we rebuilt other nations through a variety of contributions. It’s time we focused our attention on American manufacturing.
I strongly recommend this book to those interested in economics, business, and politics and also to America’s younger generation as visionary ray of hope. ...more
“Factory Man” is a story of the Bassett Furniture Company once the world’s largest furniture maker and heir John D. Bassett III, who was determined to“Factory Man” is a story of the Bassett Furniture Company once the world’s largest furniture maker and heir John D. Bassett III, who was determined to maintain American manufacturing and fight Chinese dumping imports. In his quest to stem massive layoffs and plant closings he also had to take a stand against some Americans.
The company founded in 1902 by J.D. Bassett expanded through innovation and reinvestment during the 20th Century. J.D. Bassett was ecstatic when his grandson, John D. Bassett III (JBIII) was born in 1937 with a sliver spoon into the prominent family to reside in the town of Bassett, Virginia named after the family.
Every work atmosphere has its own unique culture and the family owned Bassett Furniture Company was no different. Author Beth Macy digs deep and brings all the issues to the surface. When JBIII the fair haired child became the black sheep of the family his fear of failure became his motivation. The visionary with personal wealth, an acute sense of business, the right connections and a strong will to succeed, charted his own course.
Manufacturing is the backbone of America creating jobs and careers beyond walls and into the community. I have long agreed with the philosophy of JBIII that true engineering for improvement and innovation takes place outside higher education classrooms rather with hands on application using all human senses. This story is an example of how one individual can impact society. It’s a great case study for business, economics and politics revealing a positive path forward for Americans in the 21st Century.
Side note: In the 1970’s and 1980’s Bassett-Walker, Inc., a knitting company, which John D. Bassett Jr. was once chairman, was recognized as the leading world-wide manufacturer of sweatpants and sweatshirts. By the turn of the 21st Century the main manufacturing facility that once employed roughly 2,400 employees stood empty.
My in-laws started their own textile company 27 years ago structured around the experience and highly gifted mind of my father-in-law with the aid of a cocktail party, a television show and a telephone conversation between my mother-in-law and famed capitalist Malcolm Forbes where Mr. Forbes affirmatively stated: “Go for it!” Early on my father-in-law used his ingenuity and partnered with Hasbro, Inc. engineers to develop the Cabbage Patch Doll hair, becoming the sole yarn supplier.
Almost a decade ago my in-laws relocated their company to the vacant Bassett-Walker building and leased a portion (220,000 sq. ft.). Today their company is the specialized industry leader of the western hemisphere shipping high tech textured yarn destined for furniture upholstery, apparel, automotive, industrial, medical and military end uses.
I’m a sales executive in the company with several roles. My vested interest is expanding sales and taking the company to the next level to swing the pendulum back revitalizing “Made in America” manufacturing. In 2011 I authored a very historical World War I book that due to the 100th Anniversary could not be delayed until retirement. Some folks ask if I’m planning to write another book. Not now, but maybe in my twilight years of retirement. ...more