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Politics, Covid19 and Brexit
The most dangerous man in the world
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<blockquote data-quote="ollie989898" data-source="post: 4707844" data-attributes="member: 54866"><p>The devil is in the details as always:</p><p></p><p><a href="https://www.fastcompany.com/40518075/apples-u-s-jobs-announcement-comes-at-an-opportune-time" target="_blank">https://www.fastcompany.com/40518075/apples-u-s-jobs-announcement-comes-at-an-opportune-time</a></p><p></p><p><a href="https://slate.com/business/2018/01/no-apple-is-not-creating-20-000-jobs-because-of-the-tax-bill.html" target="_blank">https://slate.com/business/2018/01/no-apple-is-not-creating-20-000-jobs-because-of-the-tax-bill.html</a></p><p></p><p><a href="http://www.slate.com/articles/technology/technology/2017/07/why_won_t_apple_address_trump_s_claim_that_it_s_building_three_u_s_factories.html" target="_blank">http://www.slate.com/articles/technology/technology/2017/07/why_won_t_apple_address_trump_s_claim_that_it_s_building_three_u_s_factories.html</a></p><p></p><p><em>The company said it plans to pay $38 billion in repatriation taxes to bring home about $246 billion in cash. (It had already earmarked $36 billion for the tax payment back in November.)</em></p><p><em></em></p><p><em>The punchline here is that Apple did not actually say that it is investing any additional money in the U.S. because of the tax law. That idea appears nowhere in the press release</em></p><p><em></em></p><p><em>Apple will keep buying stuff from other U.S. companies. This is not a patriotic act of charity. Apple is literally saying it will continue business as usual. That alone accounts for $275 billion of its $350 billion forecast.</em></p><p><em></em></p><p> <em><a href="http://nymag.com/selectall/2017/07/despite-trump-claims-apple-wont-build-3-factories-in-u-s.html" target="_blank">Apple doesn’t build factories anywhere</a>: Instead, it contracts with manufacturers such as Taiwan’s Foxconn to build its devices</em></p><p><em></em></p><p><em></em></p><p><em></em></p><p>In other news:</p><p></p><p></p><p><em>In January, Ford let Trump to claim credit for its decision to cancel a planned factory in Mexico and add jobs in Michigan instead. It was later revealed that the company had <a href="http://www.reuters.com/article/us-autos-ford-jobs-idUSKBN16Z19M" target="_blank">already planned the Michigan jobs</a> as part of an agreement with its union. Then, in June, it let slip that it would simply <a href="http://money.cnn.com/2017/06/20/news/companies/ford-focus-china/index.html" target="_blank">expand production in China</a> rather than Mexico.</em></p><p><em></em></p><p>Conclusion: What Trump or his administration might make of a situation does not mean it is fact. I must say however that the US should have been fostering more growth in high end markets and research and development in emerging technologies. As Roger points out, some of the largest tech companies are based in the US, they should be chasing after this and encouraging people to retrain into those industries, not trying to revive coal mining and steel making which, like many other industries will be subjected to ever more automation and price pressures as newer economies with very low labour costs enter the fray.</p></blockquote><p></p>
[QUOTE="ollie989898, post: 4707844, member: 54866"] The devil is in the details as always: [URL]https://www.fastcompany.com/40518075/apples-u-s-jobs-announcement-comes-at-an-opportune-time[/URL] [URL]https://slate.com/business/2018/01/no-apple-is-not-creating-20-000-jobs-because-of-the-tax-bill.html[/URL] [URL]http://www.slate.com/articles/technology/technology/2017/07/why_won_t_apple_address_trump_s_claim_that_it_s_building_three_u_s_factories.html[/URL] [I]The company said it plans to pay $38 billion in repatriation taxes to bring home about $246 billion in cash. (It had already earmarked $36 billion for the tax payment back in November.)[/I] [I] The punchline here is that Apple did not actually say that it is investing any additional money in the U.S. because of the tax law. That idea appears nowhere in the press release Apple will keep buying stuff from other U.S. companies. This is not a patriotic act of charity. Apple is literally saying it will continue business as usual. That alone accounts for $275 billion of its $350 billion forecast. [URL='http://nymag.com/selectall/2017/07/despite-trump-claims-apple-wont-build-3-factories-in-u-s.html']Apple doesn’t build factories anywhere[/URL]: Instead, it contracts with manufacturers such as Taiwan’s Foxconn to build its devices [/I] In other news: [I]In January, Ford let Trump to claim credit for its decision to cancel a planned factory in Mexico and add jobs in Michigan instead. It was later revealed that the company had [URL='http://www.reuters.com/article/us-autos-ford-jobs-idUSKBN16Z19M']already planned the Michigan jobs[/URL] as part of an agreement with its union. Then, in June, it let slip that it would simply [URL='http://money.cnn.com/2017/06/20/news/companies/ford-focus-china/index.html']expand production in China[/URL] rather than Mexico. [/I] Conclusion: What Trump or his administration might make of a situation does not mean it is fact. I must say however that the US should have been fostering more growth in high end markets and research and development in emerging technologies. As Roger points out, some of the largest tech companies are based in the US, they should be chasing after this and encouraging people to retrain into those industries, not trying to revive coal mining and steel making which, like many other industries will be subjected to ever more automation and price pressures as newer economies with very low labour costs enter the fray. [I][/I] [/QUOTE]
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