Yet, manufacturers are as eager to tap the Internet as any other sector. A longtime Republican activist and fund-raiser in the Buckeye State, Timken and NAM President Jerry Jasinowski paid a visit to the editors of Business Week's Washington Bureau on Sept. 15 to talk about trade, technology, and the economy. The runup in energy costs is beginning to affect the manufacturing economy. Natural-gas costs have doubled already this year, and they're likely to go higher. We're getting a big cost push in that sense.
Pricing has the impact of holding down inflation.
Still, it's happening. And people are going to lose their jobs. Although the nominal growth rate is still substantial, there's a definite change in this economy. It's at the order of magnitude that we haven't seen for six or seven years. It's starting to hit.