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Business, Economics & Tax Policy 7: Workers of the world unite!

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Re: Business, Economics & Tax Policy 7: Workers of the world unite!

The Sicatoka said:
They do?
I see the two as conflicting forces and the tax cut influence is overcoming the tariffs and pushing the market up.
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yeah, the only reason the market's up is all the stock buybacks.
 
Re: Business, Economics & Tax Policy 7: Workers of the world unite!

Looking at another forum discussion about ownership of radio stations, I must have missed this little tid-bit from last year:

https://www.broadcastlawblog.com/20...0-foreign-ownership-of-us-broadcast-stations/

February 24, 2017 - The FCC yesterday released its first decision approving 100% foreign ownership of a group of US broadcast stations. This comes after significant relaxation of the FCC’s interpretation of the foreign ownership limits which, less than 4 years ago, had been interpreted to effectively prohibit foreign ownership of more than 25% of a company controlling broadcast licensees.
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The FCC noted in yesterday’s order that allowing this kind of foreign ownership brings new sources of capital into the US broadcasting industry, and may encourage other countries to relax their ownership rules to allow investment by US companies in broadcast companies serving other countries.
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Re: Business, Economics & Tax Policy 7: Workers of the world unite!

Jesus these people are just ****ing bad for this country. In every possible way.
 
Re: Business, Economics & Tax Policy 7: Workers of the world unite!

So Elon Musk is being sued by the SEC for his $420 tweet.

Moron.
 
Re: Business, Economics & Tax Policy 7: Workers of the world unite!

dxmnkd316 said:
So Elon Musk is being sued by the SEC for his $420 tweet.

Moron.
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They're saying he should be removed as CEO and the stock is taking a beating. Honestly, I think the stock should be up on that news.
 
Re: Business, Economics & Tax Policy 7: Workers of the world unite!

Too risky. I see it two ways:

1. Elon is an anchor around the neck of the company
2. Elon is the only thing keeping them running and is the spark for the company, similar to Jobs.
 
Re: Business, Economics & Tax Policy 7: Workers of the world unite!

Could well be right - I haven't been watching it. But if it does go down much further...I may be compelled.
 
Re: Business, Economics & Tax Policy 7: Workers of the world unite!

GrinCDXX said:
They're saying he should be removed as CEO and the stock is taking a beating. Honestly, I think the stock should be up on that news.
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If I heard correctly on the radio, the SEC is trying to bar him from being on the board or serving as an officer of ANY public company. Nasty consequence for one stupid tweet....
 
Re: Business, Economics & Tax Policy 7: Workers of the world unite!

LynahFan said:
If I heard correctly on the radio, the SEC is trying to bar him from being on the board or serving as an officer of ANY public company. Nasty consequence for one stupid tweet....
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Trying to fix or juice the market can have a nasty impact a lot of people, including any pension or mutual fund holder with a US stock portfolio. There's a reason financial crimes are prosecuted so harshly.
 
Re: Business, Economics & Tax Policy 7: Workers of the world unite!

As I've said before, I don't know much about imports, but I do know something about the bicycle industry.

Because of the tariffs, an American company that imports raw components from China and assembles them here in the United States, will have to move production to the Phillipines. Goodbye American jobs.


https://www.bicycleretailer.com/industry-news/2018/09/24/collateral-damage-tariffs-force-light-motion-go-offshore#.W67h4_ZFzGg

The bike industry learned just a week ago that many of its Chinese-made products would become subject to a 10 percent tariff, increasing to 25 percent in January. There were only a few product exceptions, and Daniel Emerson's heart sank when he saw they included completed bike lights, in the name of safety, while light components are still subject to the tariff. U.S. Customs began collecting the tariff Monday.

Light & Motion manufactures in the U.S. but uses mostly Chinese components. So Emerson's competitors, almost all of whom manufacture overseas, will pay no additional tariffs on their complete lights, while his costs go up 10 percent.

"Basically the U.S. government is providing a huge boost to our China-based competition, which is virtually every other product on the market. They are telling us very clearly we are not welcome in the U.S.," he told BRAIN on Monday.

While the light exemption took Emerson by surprise last Monday, he's not waiting around to react. He heads to the Philippines in a little over a week to start setting up production there. He said that before the tariff announcement his company had stocked up on parts for U.S. production, which will continue for six or nine months during the transition.

Light & Motion has about 45 employees, including about a dozen in production. The production jobs will likely disappear.
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Other companies in the bike industry using a mix of imported and domestic parts and materials have been harmed by the trade war and the impact is felt all the more bitterly when those manufacturers have invested in U.S. production, only to see tariffs give their importing competitors an advantage. U.S. component makers like Paul Components, Wheels Manufacturing and others say the tariffs on steel, aluminum and bearings have put them at a disadvantage compared to their overseas competitors. Many components from China are now subject to the 10 percent tariff, but the competition for the U.S. brands more often comes from Taiwan manufacturers, whose products are not subject to any additional tariffs.
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