Politics & Government

July 26, 2009

With even casinos not buying, can U.S. factories recover?

Charles Martin's been in manufacturing for more than 30 years, and over those years faraway Las Vegas has always served as an important, if not odd, barometer for his company that makes commercial-grade door hinges. Even in bad times, casinos were still going up in Nevada. Not so today. The Federal Reserve's latest measure of industrial output shows U.S. manufacturers were operating at just 64.6 percent of their capacity — the worst rate since records began being kept in 1948.

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