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Monday, feb 3
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Monday, feb 3
Tag:
Manufacturing
Politics
Trump Calls For End To Income Tax, Offers Buyouts To 2 Million Federal Employees
President Donald Trump is calling for the elimination of federal income tax, advocating for a shift to a tariff-based revenue system. He argues that this approach, which he says previously made the US “richer” and a more “powerful” economy, would mark a pivotal turning point for the nation. "America is going to be very rich again, and it's going to happen very quickly," Trump said during a speech in Florida on Monday, Jan. 27 at the 2025 Republican Issues Conference at the Trump National Doral Miami. "Instead of taxing our citizens to enrich foreign nations, we should be tariffing an…
Business
AI Workforce Shake-Up: Nearly Half Of Companies Plan Job Cuts Within Years
Nearly half of companies worldwide are planning to cut jobs within the next few years as artificial intelligence (AI) reshapes industries and automates millions of positions, according to a new global report. The World Economic Forum’s "Future of Jobs Report 2025" outlines the seismic shifts AI will bring to the global workforce, revealing both challenges and opportunities: Job Displacement: The report says 41 percent of companies intent to downsize their workforce globally between 2025 and 2030, particularly in industries reliant on routine and manual tasks such as manufacturing, customer …
Police & Fire
North Jersey Soda Exec Confesses To Sharing Secret Formulas With Competitors, Feds Say
An executive from North Brunswick admitted to sharing secret soda formulas with his company's competitors, authorities said. Andrew Blum, 63, pleaded guilty on Tuesday, Nov. 12 to conspiracy to possess stolen trade secrets and possession of stolen trade secrets, New Jersey's U.S. Attorney Philip Sellinger said in a news release. Blum was the vice president of product development for an unnamed North Jersey-based maker of oil products and proprietary flavors from 2013 until Wednesday, Dec. 12, 2018. The parent corporation of Blum's company was one of the world’s largest produc…
Police & Fire
Phillipsburg Man Used 3D Printer To Manufacture Handgun, Ammo: Prosecutor
A 40-year-old Phillipsburg man is facing charges for using a 3D printer to manufacture a firearm and ammunition, authorities said. A search of Michael Weaver's home on Monday, Aug. 26, turned up two 3D printers, a 9mm handgun, thousands of rounds of multi-caliber ammunition, and equipment to manufacture such ammunition, Acting Warren County Prosecutor Anthony Picione said. Weaver has been charged with manufacturing a firearm using a 3D printer; unlawful possession of a weapon; and certain person not to have a weapon or ammunition.
News
Ethan Allen Cuts 55 Jobs With Closing Of Passaic Distribution Center
Ethan Allen will be closing its Passaic distribution center -- laying off 55 employees from the Market Street location, the Connecticut-based furniture manufacturer announced. The 250,000 square foot facility will move to North Carolina, where an additional 325 employees will be laid off in an effort to improve the company's "vertical integration operations," a press release says. "These decisions are not easy, said Ethan Allen Chairman, President and CEO Farooq Kathwari. "I have had a personal close association with many of these associates for about 40 years. They leave a legac…
Police & Fire
Dust Unit Fire Damages Medical Manufacturing Machinery At Stryker Complex In Mahwah
UPDATE: Mahwah firefighters doused a stubborn blaze that broke out early Sunday afternoon in a pair of dust collection bins at the Stryker complex off Route 17. Township firefighters were quickly at the scene of the 12:30 p.m. blaze. They had it knocked down within 20 minutes, but it continued to burn for another 20 minutes or so before it was out. Some machinery used to make hip and knee replacements was severely damaged. This follows a fire that broke out Thursday in a dust collection unit at the Triangle Manufacturing Co. a few miles away in Upper Saddle River. SEE: Firefighters use…
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