In the last few days, in New York and Chicago there have been killings of young African-American men by the police, inciting the black communities in those cities. Neither victim was a hardcore criminal. It is quite possible both young men were in the wrong place at the wrong time and were confronted by cops who were extremely scared. It is a lousy time to be a young black man in America. I write this from the vantage point of a well-off 61 year-old white guy who happens to live right next door to Black America. I get a pretty…
Author: Lloyd Graff
A recent conversation has me thinking that the old screw machine world has been turned on its head and the change is falling out of its pockets. I was talking to an old machining client, and he mentioned that in the last quarter he derived more money from his scrap than from the components he had made. This fellow runs a sophisticated machining company—no dumb washers—so he adds a lot of value to his machined components. Still, this quarter his scrap brought in more dollars than his product. This is a testament to global sourcing and manufacturing efficiency, but it…