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Human Factors Can Cause a Disaster—or Prevent One

Human Factors Can Cause a Disaster—or Prevent One

Process industry plants are complex and ...

Improving Valve Sealing Performance and Reliability

Improving Valve Sealing Performance and Reliability

From time to time, we are re-posting wel...

A Primer on Fugitive Emissions

A Primer on Fugitive Emissions

Fourscore and seven years ago, no one ha...

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Industry Headlines

Industry Headlines

Emerson Expanding Mississippi Facility

3 DAYS AGO

Emerson plans on delivering $500,000 in new equipment to its facility in Sherman, MS. Because of this investment , and its promise of new jobs for the region, the Sherman Economic Development Corp. has approved $150,000 in grants for Emerson.

"We have a relatively new Fisher product that will be reloca...

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REXA and CCC Form Joint Initiative

3 DAYS AGO

REXA and Compressor Controls Corporation (CCC) have formed a joint initiative to modernize steam turbine controls for enhanced performance based upon each company’s core competency.

There are more than 10,000 turbomachinery trains worldwide powered by CCC. By upgrading mechanical and hydraulic go...

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Chevron and Pembina Sign Deal to Build Pipelines, Other Facilities

3 DAYS AGO

Calgary-based Pembina Pipeline Corp. has signed a 20-year deal with Chevron to build natural gas pipelines and processing facilities for a potential production operation in northwest Edmonton, Alberta. The infrastructure developed over the term of this agreement has the potential to represent a multi-...

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U.S. in Midst of Biggest Drilling Surge Since 2012

3 DAYS AGO

“U.S. drillers pushed ahead on the biggest surge in oil drilling since 2012 as companies take advantage of oil prices that have held steady above $50 for almost three months,” Bloomberg reports .

“Drilling is booming in a few shale plays -- led by the Permian Basin in West Texas and Ne...

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U.S. Private Sector Growth Slows from January’s 14-Month Peak

3 DAYS AGO

At 54.3 in February, the seasonally adjusted Markit Flash U.S. Composite PMI Output Index dropped from 55.8 in January but remained above the 50.0 no-change value for the twelfth consecutive month. The latest reading signaled that private sector output growth moderated from the 14-month high recorded ...

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NAM Kicks Off Tour at Emerson Innovation Center in Austin

3 DAYS AGO

The National Association of Manufacturers (NAM) kicked off the 2017 State of Manufacturing Tour at Emerson Innovation Center in Austin, TX—a “hotbed of modern manufacturing.” The event is the first in a series of stops in six states throughout the next week, including a visit with Pr...

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Business School Professors: Will Winner of November Election Matter?

To hear the two candidates tell it, the U.S. presidential election offers a dramatic choice on the economy: Vote for me, each says, if you want a robust recovery; pick my opponent, and we'll plunge back into recession.

But regardless of who wins, important economic factors will remain facts of life. Millions of American homeowners are "underwater," owing more than their homes are worth and weakening the consumer demand that is key to the economy. Employers, even if they are flush with money, won't hire more workers until they need them -- when demand rises or appears ready to.

The debt crisis in Europe resists a quick solution, and deficits and overhanging debt in the U.S. are too big to be whittled down very fast. These deficits will compete for federal revenue that could stimulate the economy through more spending or cuts in taxes.

Given the size of these problems, what is the most likely economic landscape to emerge after the election if President Barack Obama, a Democrat, wins, or if Republican challenger Mitt Romney wins?

Three faculty members at Wharton, the business school of The University of Pennsylvania, say that, either way, the future is likely to look much like the present, for several years at least. "The notion in the political debate is that if you just do something a little bit differently, things will get much better. But it doesn't work like that," says finance professor Franklin Allen.

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