Global Economy, Competitiveness, Government Policy, Risk & Compliance, Employee Health Management, Employee Wellness, Wellness Programs, Legal, Labor & Employment Practices
The Equal Employment Opportunity Commission filed three lawsuits against employers, arguing that their wellness programs are involuntary based on the substantial disincentives incurred for nonparticipation. The commission has not yet provided regulatory guidance on this subject.
Global Economy, Competitiveness, Government Policy, Economic Environment, Recession
Brazil’s economy and manufacturing are in a technical recession, inflation is higher than desirable, and public finances are deteriorating. The country’s short-term outlook appears depressing, as the ongoing macroeconomic imbalances will have to be addressed by orthodox policies, which will in turn bring muted growth and rising unemployment.
Global Economy, Competitiveness, Foreign Trade, Imports & Exports, Economic Environment, Energy
The price of oil has decreased by 39% since June. OPEC’s decision to maintain production at its current level resulted in a sharp drop at the end of November. The main reasons for the decline are increased U.S. oil production and slowing growth in world oil consumption. Barring an outbreak of turmoil in the Middle East, the price of oil is likely to remain low.
Growth & Innovation, Research & Development, Research, Innovation, Operations, Continuous Improvement, Operational Excellence, Lean, Information Technology
Given the global reach of manufacturing and the intensifying policy focus that the factory sector has enjoyed in recent years, it is critical for the public, manufacturing executives, and governments to gain perspective on what some are dubbing a “new industrial revolution.
Vehicle miles traveled per capita is on the decline, in part because of employment, demographic, and lifestyle changes. MAPI forecasts automobile production of 16.8 million units in 2015 and 17.1 million units in 2016.
Global Economy, Economic Environment, Recession, Money & Finance, Government Finance
Facing insolvency, the Argentine government defaulted on its roughly $130 billion of foreign debt in late 2001 following a four-year economic recession. Once the economy recovered, Argentina offered holders of defaulted bonds new debt instruments via sovereign restructurings in 2005 and 2010. In order to reach elevated acceptance levels, the new bonds were governed mostly under foreign law (some in Europe and some in New York) and included a “rights upon future offers” clause—giving bondholders the possibility to participate in any eventual voluntary restructuring offering better terms. As a result, 93% of the holders of defaulted debt accepted the restructurings. The remaining 7% (the “holdouts”) have been seeking payment in full via legal venues, with some turning to the U.S. courts.