Chem Show Included Thermal Displays
McIlvaine provided coverage of the Chem Show with route maps for organic chemicals, inorganic chemicals, pharmaceuticals, food, cogeneration and intake/cooling. You can view all six route maps at:
http://www.mcilvainecompany.com/brochures/Chem_Show_GDPS.htm
Here is the route map for Organic Chemicals:
Organic, PetroChemicals Thermal Treatment
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GDP UPDATE HEADLINES
December 2013
AMERICAS
EUROPE / AFRICA / MIDDLE EAST
AMERICAS - United States
(1.) The U.S. probably expanded faster in the third quarter than initially estimated and weekly jobless claims likely rose a bit, according to economists polled by MarketWatch. Gross domestic product for the July-to-September period is forecast to be revised up to 3.2% from 2.8%, largely because inventories rose even faster than the preliminary report showed. Jobless claims, meanwhile, are predicted to increase to 325,000 in the week ended Nov. 30 from 316,000 in the prior week.
(2.) Austrian school economist Mark Skousen has labored mightily for a quarter of a century to persuade the Bureau of Economic Analysis (BEA) to publish a better measure of economic activity in the United States, and beginning in April, the BEA will start publishing the country’s Gross Output — the GO.
Said Skousen, "Starting [in] 1990, I have made the case that we needed a new statistic beyond GDP that measures spending throughout the entire production process, not just final output. GO is a move in that direction — a personal triumph 25 years in the making."
Ever since the establishment of the international monetary system at the Bretton Woods Conference in 1944, the Gross Domestic Product (GDP) has informed and driven monetary policy, often with unintended and unhappy consequences. By misreading economic activity, interventionist politicians and economists have implemented policies that have later turned out to be too little too late or, more recently, way too much. The GO, on the other hand, measures intermediate economic activity at all stages of production, from raw materials to the retail outlet.
As Skousen explained, "While GDP is a good measure of national economic performance, it has a major flaw: in limiting itself to final output, GDP largely ignores or downplays the "make" economy — that is, the supply chain and intermediate stages of production needed to produce all those finished goods and services.
"This narrow focus of GDP has created much mischief in the media, government policy and boardroom decision-making….
"Since consumer spending [under GDP analysis] represents 70% or more of GDP … the media naively concludes that any slowdown in retail sales or government stimulus is necessarily bad for the economy….
"In short, by focusing only on final output, GDP underestimates the money spent and economic activity generated at earlier stages in the production process….
"Using GO as a more comprehensive measure of economic activity, spending by consumers turns out to represent around 40% of total year sales, not 70% as commonly reported.
"Spending by business … is substantially bigger, representing over 50% of economic activity."
This aligns better with common-sense economic theory as well, that production precedes consumption, not the other way around. GO will also show that the real size of the U.S. economy isn't $16.8 trillion as is commonly acknowledged, but will come in at nearly twice that figure when it is released in April, according to Skousen.
Even so, with the update in place, GO will still leave out enormous parts of the economy, and will fail to measure the unmeasurables, such as quality of life, speed of information via the Internet, and caring for children at home by parents. It will fail to differentiate between "wasteful" spending — i.e., foreign wars and consequent loss of life and limb and destruction of property and war matériel — and "productive" spending. It will fail to measure the potential advantage of obtaining a college degree, or the disadvantage of taking up smoking.
It will count legal fees, repairing of property damage, and medical expenses as positives instead of negatives. It will allow for such silliness as counting the value of a new home being built, as well as the cost of razing it following a flood or a hurricane. It will count disasters as positives and imports of superior goods from abroad (instead of buying inferior ones locally) as negatives. It will continue to count borrowing as a good thing no matter how it is spent or by whom: individuals or governments. (The remaining text is not included in this sample.)
ASIA - Japan
Japan's economy expanded at a slower pace than initially estimated in the third quarter of 2013, according to the government, sparking concern that the government's "Abenomics" policy mix may fail to help the nascent recovery gain momentum.
The world's third-biggest economy grew at an annualized rate of 1.1% in the three months through September in inflation-adjusted terms, downgraded from preliminary data against the backdrop of a downward revision to capital spending.
The July-September growth in real gross domestic product, the total value of goods and services produced at home, corresponded to a 0.3% gain from the previous quarter, posting the fourth straight quarter of increase, the Cabinet Office said.
The government said in the initial report, released Nov. 14, that the nation's economy expanded an annualized real 1.9% in the July-September period, following a revised 3.6% rise in the April-June period.
The latest figure suggested Japan's economy has been largely supported by public investment, not private sector growth, strengthening the view that the planned 3-percentage-point sales tax hike next April to 8% may weigh on consumer spending and investment, in turn dampening domestic demand. (The remaining text is not included in this sample.)
EUROPE / AFRICA / MIDDLE EAST - Saudi Arabia
Saudi Arabia's gross domestic product grew 3.19% in the third quarter of 2013 in current prices compared with a 2.7% rise in the previous three months, the Central Department of Statistics reported.
The GDP value rose from SR675.19 billion in the third quarter of 2012 to SR696.7 billion. During the same period the GDP rose by 3.05% in real prices, the department said.
In the public sector the GDP fell by 18.52% to SR102.6 billion in current prices, compared to the same period in 2012. However, in real prices it showed a growth of 2.43%.
The private sector, on the other hand, achieved a growth of 6.53% in current prices in the third quarter of 2013 to reach SR244.08 billion compared to the figure of previous year, SR229.13 billion.
The construction and building sector and downstream industries showed big growth at the rate of 9.76% and 7.87% respectively. In stable prices, the sector’s growth rose by 3.31%. (The remaining text is not included in this sample.)
A complete analysis of GDP and Monthly Updates for individual countries is included as part of
Thermal Catalytic World Air Pollution Markets.For more information on
Thermal Catalytic World Air Pollution Markets, click on: http://home.mcilvainecompany.com/index.php/markets/2-uncategorised/105-n007.
CHEMICAL UPDATE
DECEMBER 2013
TABLE OF CONTENTS
INDUSTRY
U.S. Chemicals Exports to Increase from Shale Gas Advantage
Shale Gas Makes U.S. Among Cheapest Places for Plastics Manufacturing
Brazil Ramps Up Fertilizer Production Amid Growing Agricultural Demand
COMPANY NEWS
Honeywell to Invest $300 Million to Build New Refrigerant Plant
Formosa Plastics Group Plans $2 Billion Expansion of Texas Operations
Norway’s Yara and BASF Plan Investment in U.S. Ammonia Plant
Solvay Divests PVC and Compounding Businesses
Kumho Petro Produces Carbon Nanotubes
Chemical Industry Forecasts and Updates are included as part of Thermal/Catalytic World Air Pollution Markets.
For more information on Thermal/Catalytic World Air Pollution Markets, click on:
http://home.mcilvainecompany.com/index.php/markets/2-uncategorised/105-n007.
OIL & GAS SALES LEAD HEADLINES
DECEMBER 6, 2013
(Listed by most current date)
These sales leads are part of Oil, Gas, Shale and Refining Markets and Projects and are issued bi-weekly. As a subscriber to Thermal/Catalytic World Air Pollution Markets you receive a 30 percent discount for this service.
For more information on Oil, Gas, Shale and Refining Markets and Projects, click on:
http://home.mcilvainecompany.com/index.php/markets/28-energy/471-n049For more information on Thermal/Catalytic World Air Pollution Markets, click on:
http://home.mcilvainecompany.com/index.php/markets/2-uncategorised/105-n007.INDUSTRIAL AIR EMITTERS UPDATE HEADLINES
November 2013
Industrial Boilers Database is included in the Industrial Emitters service.
For more information, click on:
http://home.mcilvainecompany.com/index.php?option=com_content&view=article&id=93extsup1.asp
NORTH AMERICAN WASTEWATER TREATMENT PLANTS UPDATE HEADLINES
NOVEMBER 2013
ALABAMA
ARKANSAS
CALIFORNIA
COLORADO
CONNECTICUT
GEORGIA
IDAHO
ILLINOIS
IOWA
MASSACHUSETTS
MICHIGAN
MISSISSIPPI
MISSOURI
MONTANA
NEVADA
NEW HAMPSHIRE
NEW MEXICO
NEW YORK
NORTH CAROLINA
OHIO
OKLAHOMA
OREGON
PENNSYLVANIA
RHODE ISLAND
SOUTH CAROLINA
SOUTH DAKOTA
TENNESSEE
TEXAS
VIRGINIA
WISCONSIN
CANADA
BUSINESS NEWS
RECENT CHEMICAL BID REPORTS
For more information on North America Municipal
Wastewater Treatment Facilities and People click on:
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