Industry News

The tragically horrific events of early October in Israel are unparalleled in the 21st century for the global Jewish community. Not since the Holocaust have so many Jews been targeted and killed simply for being who they were. The tragedy was not limited to Israelis. A minor fraction of the deceased were US citizens. As of October 13th, the death toll of US citizens stands at 27, with 17 still missing. Arutz Sheva reports that this ranks as the fourth deadliest assault on US civilians by foreign entities in history, following 9/11, the 1992 bombing of Pan Am Flight 103, and the 2016 ISIS attack on an LGBTQ nightclub in Orlando. Surplus Record resolutely condemns the appalling violence and terrorism inflicted upon Israel by Hamas and its allies, including Iran. Our hearts go out to the grandparents, parents, teenagers, children, and … [Read more...] about Terrorism, the US Corporate Response, and Economic Implications

Greetings from London, dear readers. This week, we find ourselves traversing the UK engineering marvel that is “Crossrail.” Crossrail, a product of over a decade of meticulous planning and development, is a new 72-mile train line that burrows under virtually all of Central London, significantly reducing many journey times.  The planning team behind it asserts that this mammoth project brings “an additional 1.5 million people to within 45 minutes of London’s main employment, leisure, and business districts.” Crossrail’s construction is an engineering triumph. It took eight powerful tunnel boring machines nearly three years to carve out 26 miles beneath London. Some sections of Crossrail lie as deep as 450 feet below the surface of London, far deeper than the subway or the “Underground.” Despite the hefty price tag of … [Read more...] about Infrastructure: Bipartisan Case for Investment (A Postcard from London)

Whether you’re on the left or right, trust in mainstream news has declined precipitously in recent years, not only because of media bias, but also because much of what existing outlets proclaim will happen ends up being at best, misleading, and at worst, completely wrong. In fact, several well-known prognosticators have predicted that the next Presidential election will, in large part, be determined by podcasts and social media due to the dissolution of trust in traditional news sources. However, when it comes to business topics—especially those involving the US economy and manufacturing—information consumers do not have the same alarm bells built in when consuming news. Nor do many seek out (despite the existence of dozens of great sources) expert analysis that offers conflicting opinions on economics. We believe this means that … [Read more...] about 3 Economic Expectations May be False: Importance of Seeking Alternative Perspectives