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Problem-Driven Innovation

Problem-Driven Innovation

Developing Alternative Technology to Imp...

Valve Repair Takes Center Stage in Houston

Valve Repair Takes Center Stage in Houston

Attendees gathered June 2-3 in Houston t...

What Internal Best Practices Can Do for Valve Selection

What Internal Best Practices Can Do for Valve Selection

As time goes by, technology moves forwar...

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Problem-Driven Innovation

Problem-Driven Innovation

Monday, 20 June 2016  |  Mark A. Lobo, P.E.

Developing Alternative Technology to Improve Product Performance

Industrial product engineering teaches us to understand the difference between problem...

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Industry Headlines

Curtiss-Wright Awarded Contracts for U.S. Naval Defense Platforms

1 DAY AGO

Curtiss-Wright announced that it has been awarded contracts valued in excess of $80 million to provide valves for the U.S. Navy’s Virginia-class submarines and Ford-class aircraft carriers. The awards were received from Bechtel Plant Machinery, Inc. and General Dynamics Electric Boat Division ...

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DeZURIK Adds Dedicated Clean Room to Sartell Plant

3 DAYS AGO

In order to ensure proper cleaning procedures are performed on valves intended for oxygen, ozone, chlorine, hydrogen peroxide, isocyanate and other applications, DeZURIK has constructed a new dedicated clean room within its Sartell, MN manufacturing plant.

Operated by trained cleaning technicians, DeZU...

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Global Upstream Spending Slashed by $1 Trillion

1 DAY AGO

Global upstream development spending from 2015 to 2020 has been cut by 22% or $740 billion since the oil price started to drop two years ago, according Wood Mackenzie's research . When you include cuts to conventional exploration investment, the figure increases to just over $1 trillion. Expect to see...

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EPA Bans Fracking Wastewater Disposal at Public Treatment Plants

3 DAYS AGO

The EPA has finalized a rule establishing pretreatment standards for discharges of wastewater from onshore unconventional oil and gas (UOG) extraction facilities to municipal sewage treatment plants (also known as publicly owned treatment works, or POTWs). The rule is designed to prevent the discharge...

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U..S. Durable Goods Orders Down 2.2% in May

13 HOURS AGO

New orders for manufactured durable goods in May decreased $5.3 billion or 2.2% to $230.7 billion, the Commerce Department announced today. This decrease , down following two consecutive monthly increases, followed a 3.3% April increase. Excluding transportation, new orders decreased 0.3%. Excluding d...

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Federal Judge Halts New BLM Fracking Rules

1 DAY AGO

“The Obama administration will fight a federal judge’s ruling overturning its effort to regulate hydraulic fracturing on public lands,” Bloomberg reports . The White House says they will take the case to the U.S. Court of Appeals.

“The ruling, issued late Tuesday by Wyoming-based...

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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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