Trade: Ford´s decision to build a factory in the U.S. instead of Mexico, saving 700 jobs, is a good thing. But is it because Ford fears what Donald Trump might do to it, or because it thinks the corporate environment will be so much better under Trump than under Obama? And, yes, the answer really matters. Ford´s move to invest $700 million in Michigan, creating about 700 new jobs here has created quite a political stir. The new plant, slated for Flat Rock, Mich., will make cutting-edge electric and self-driving cars, which Ford has said will likely outsell traditional cars
IBD made the point that automation is the big driver of job loss. They did not spend any time explaining what drive automation. That would be regulations. Regulations are increasing at an exponential rate and will eventually destroy the economy. Note the recent increase in the minimum wage in many states. In some cases union wages are tied to the minimum wage. So when the minimum wage goes up other wages go up also.
$4, the bailout accepted by GM and Chrysler was more a union bailout. I´m troubled by the use of ´protectionism´ as defined as keeping jobs here instead of shipping them overseas. Protectionism, in a clkassic sense, was creating tariff barriers to keep foreign goods out. (Steel is the best example.) President Trump, convincing American compannies to keep their production facilities in the U.S., is common sense. Negotiating trade agreements, NAFTA for example, is insanity, since it creates incentives to move production facilities out of the U.S.
For an Investor´s journal, this is a pretty stupid question. Anything that impacts the business is important. Therefore the answer is: ALL of the above, and more.
Trump is going to shine a spotlight on companies shipping jobs out of the Country. That´s bad PR for the company. Keeping jobs will be good PR. With optimism and business already picking up in anticipation of Trump making the business climate better, companies need to SERIOUSLY reevaluate their business plans to take these changes into account. When Trump calls out a company, it forces that reevaluation to happen in real time.
Ford made an easy choice to do something that looks good, makes nice with the new administration, and will probably be a good business decision. Now they can get to making product with their path clear and heads held high.
These decisions to go over seas are based on low production costs and no tariffs or duty on products. Add to that new taxes for foreign incomes. The playing field looks better and better.
Trump has always hated being unable to purchase domestic products for his projects. (I know, I know, he just didn´t want to pay the price.)
Nope! Try buying domestic steel in quantities sufficient to build a skyscraper. Try buying 20,000 toilets, sinks and water heaters, etc. There are those who might produce them, but the lag time to get them too often puts them into the unrealistic.
Try buying a pair of wire cutters in Lowes, Home Depot, Grainger, etc that is made in the USA. Hmmmmm!
Justice: FBI Director James Comey told Congress that his agency is investigating President Trump´s campaign for evidence it colluded with Russia to influence November´s election. The only problem is he has no evidence at all that it has taken place. In his testimony to the House Intelligence Committee, Comey said that the FBI was investigating the Trump campaign´s possible coordination with Russia´s government as part of a "counterintelligence probe that could reach all the way to the White House and last for months." These are serious allegations. But both Comey and National Security Agency Director Michael Rogers, who also testified, agreed that
Health Reform: President Trump´s visit to Capitol Hill might have been enough to ensure that the House ObamaCare "repeal and replace" bill will get enough votes to pass. If it fails, it will be a disaster for Trump and the GOP. If it passes, it will hardly be a victory. Trump met with House Republicans in a closed-door session to warn them that failure to pass this bill is not an option. According to some lawmakers, he told anyone thinking of voting no that "I´m going to come after you, but I know I won´t have to because I know you´ll
State Waste: The Golden State´s vaunted bullet-train project, planned to connect San Francisco to Los Angeles, may be in its financial death throes. If so, it´s probably the best fiscal news for the Golden State in years. To say that Gov. Jerry Brown´s pet project, the so-called high-speed train, is troubled would be an understatement. From the very beginning, it has been a testament to political hubris, fiscal irresponsibility, outright lies and abysmal planning. The bullet train idea was floated on a blustery gust of political promises in 2008, when proponents put the high-speed rail to the state´s voters in
Budget: Let´s start with a basic fact. Contrary to news reports last week, President Trump is not eliminating funding for Meals on Wheels. He´s not even cutting it. How do we know this? Meals on Wheels says so. A statement issued by Meals on Wheels America on Thursday notes that 35% of the revenues at the 5,000 or so local Meals on Wheels programs come via the Older Americans Act Nutrition Program. Trump´s budget outline says nothing about this program whatsoever. What Trump´s budget does propose is cutting is the corruption-prone Community Development Block Grant program, run out of Housing and Urban Development.
Education: President Obama had a great idea back in 2010: nationalize the student loan program, and its problems would soon go away. It didn´t happen. Instead, more people are refusing to pay their student loans than ever before. In a study released last week, the Consumer Federation of America found that millions of people were in arrears on $137 billion in federal student loans in the first nine months of 2016, an increase of 14% from 2015. All told, the federal government´s portfolio of student loans now stands at a whopping $1.3 trillion. As the Washington Post notes, "What´s striking about the
Health Reform: Critics of the Republican´s ObamaCare replacement plan — and many moderate Republicans as well — complain that it will result in millions losing insurance. What nobody asks is whether we have too much insurance today. Insurance, after all, is supposed to make health care more affordable. But what if it´s making it less so? University of Michigan economist Mark Perry recently compared inflation rates for health care with price increases for cosmetic surgery. What he discovered was illuminating. From 1998 to 2016, the overall inflation rate was 47.2%. But for medical care services, prices went up 100%. And for hospital services,
Turkish President Recep Erdogan has urged all Turks living in Europe to have at least five children, saying they are the future of the continent and that it would be the best response to the “injustices” imposed on expatriates there. “Go live in better neighborhoods. Drive the best cars. Live in the best houses. Make not three, but five children. Because you are the future of Europe. That will be the best response to the injustices against you,” Erdogan said in the city of Eskisehir on Friday, according to AP. The comments were made while the Turkish president was campaigning for a
After a flood of gushing media coverage touting his deep family devotion as reason for his decision to stay in Washington after his term ended, President Obama turns out not to be quite the devoted family man he was portrayed as after all. He´s just jetted off to Tahiti, alone, without family, in what must be his fourth vacay to yet another exotic private pleasure resort in the wake of leaving office. It´s the life of the jet-set, the idle rich, the rich wastrel, the luxury mooch...the Hollywood elite after they´ve made it big in pictures, or the new-money shady-business magnate
As night follows day, defenders of big government trotted out "Sesame Street´s" Big Bird as the poster child of President Trump´s terrible spending cuts. The Daily Beast story on Trump´s budget proposal to cut taxpayer funding to the Corporation for Public Broadcasting features an ax-wielding man about to chop Big Bird´s head off. Politico has a story titled "Can Big Bird Survive Trump?" In a "Jimmy Kimmel Live!" segment mocking Trump´s budget, Donald Trump fires Big Bird. These folks would do well to find a new mascot. Big Bird is big business, and doesn´t need taxpayer money to survive. First, let´s take a
Fiscal Policy: President Trump has clearly brought his business acumen to bear when crafting his first budget proposal, producing the most gimmick-free, strategic, focused — and deeply conservative — spending plan we´ve ever seen. The White House had already revealed the basic outline of Trump´s budget plan: He intended to cut domestic program by $54 billion so he could fund a much-needed boost in military spending. The "skinny budget" he released on Thursday provides details as to where those spending cuts will come from. Every agency except Defense, Homeland Security and Veterans Affairs is targeted for reductions that range up to 31%. These
Health Care: Once again, a California politician has put forward what he believes is a great idea: A single-payer health care plan for all Californians. Sorry, but such plans don´t work — and never have. It must be something in the water. Since California´s drought ended early this winter, its loopy politicians seem to have gone ga-ga over imposing a single-payer health care plan on the state. The idea has a history. During the former GOP Governator Arnold Schwarzenegger´s terms in office, he vetoed not one but two single-payer bills that crossed his desk, in 2006 and 2008. For a while, the notion
President Obama made a big deal about the resumption of U.S. carrier travel to Cuba. JetBlue in particular got Obama´s accolades. After all, when the president of the United States sets the example for Cuba tourist travel, showing how it´s all tropical music, classic cars, Cuban cigars, mojitos, and dancing like Beyoncé out on the Malecón, who could resist? Today, JetBlue has cut back its flights "to better match demand." And in the last few days, it has been joined by two other airliners, Silver and Frontier, fleeing for their lives like Marielitos. They all said demand isn´t what they expected.
Fox News has indefinitely removed contributor Andrew Napolitano from its programming, following an unsubstantiated claim he made on air last week and that was refuted by U.S. intelligence officials, according to a report. The Los Angeles Times reported Monday that Napolitano has not made any appearances on Fox since last Thursday. Citing an anonymous source, the paper said Napolitano "is not expected to be on Fox News Channel any time in the near future." The Washington Examiner has asked a Fox spokesperson for confirmation of the report. Napolitano last week tried to bolster President Trump´s own previous and unfounded claim
California Democratic Rep. Maxine Waters said that she´s ready to impeach President Trump on his 61st day in office. "Get ready for impeachment," Waters tweeted. (Tweet) It´s unknown if Waters was referring to a specific reason to impeach Trump or was just making a general statement. The tweet comes a day after FBI Director James Comey revealed the bureau is looking into any possible contacts between Trump´s campaign and the Russian influence campaign on the presidential campaign. The intelligence community has reported in the past The Kremlin worked against Hillary Clinton´s election and developed a preference for Trump.
Last week, the British intelligence agency GCHQ took the rare step of debunking as “utterly ridiculous” the Trump administration’s insinuation that Britain spied on Donald Trump during the 2016 campaign. On Monday, FBI Director James B. Comey testified plainly that “I have no information that supports” President Trump’s accusations that his predecessor ordered the “wires tapped” at Trump Tower. These false statements from the White House are part of a disturbing pattern of behavior that poses real and potentially profound dangers to U.S. national security. The foundation of the United States’ unrivaled global leadership rests only in part on our military
Chelsea Clinton and a select group of women will be honored next month in New York as Variety’s Lifetime Impact Honorees for humanitarian work. Variety magazine and the Lifetime television network will pay tribute on April 21 to Mrs. Clinton and five other women for their philanthropic endeavors. The 37-year-old will attend the Power of Women: New York luncheon with fellow honorees Jessica Chastain, Gayle King, Blake Lively, Audra McDonald, and Shari Redstone. “At the heart of New York City is a vibrant community of strong women in entertainment, media, and politics whose commitment to philanthropy is inspirational,” said Michelle Sobrino Stearns,
Armed Police have opened fire and shot an intruder inside the grounds of the Houses of Parliament amid reports a car drove into pedestrians on Westminster Bridge. Several shots were fired at around 2.35pm moments after a loud bang was heard near the grounds of Parliament. Three bodies were visible on the floor outside Parliament and the Palace was placed on an immediate lock down. Others were seen lying in the road on Westminster Bridge, where reports suggest around six people were knocked down by a car. Prime Minister Theresa May is said to have been bundled into a car by a plain-clothes police
Laurel Hubbard, a 39 year-old transgender who was born male, won her first international women’s weightlifting title in Australia breaking four national records in the process. (Photo) Hubbard beat the competition by 19 kilograms. Transgender weightlifter, Laurel Hubbard wins Gold at Australasian Championships. https://t.co/FeitrqVh8C pic.twitter.com/6Tm9bRHKfw — FloElite (@Flo_Elite) March 20, 2017 -The New Zealand Herald reported: Kiwi weightlifter Laurel Hubbard has dominated her first major competition, taking out the Australian International in Melbourne on a night she made history as the first transgender athlete to represent New Zealand. Hubbard, 39, won the women’s over 90kg division at the Melbourne event,
Kellyanne Conway, counselor to President Trump, is so New Jersey that her Secret Service codename is “Blueberry,” but what many may not know, is her grandfather allegedly belonged to the Mafia in the 80s. Jimmy “The Brute” DiNatale, Conway’s late grandfather, allegedly had mob ties and was a “significant criminal associate" of Nicodemo “Little Nicky” Scarfo – the heir to the Bruno crime family based in Philadelphia, according to a memorial service page and law enforcement officials who spoke to the Philly Voice. The page lists Kellyanne Elizabeth Fitzpatrick Conway as his granddaughter and describes DiNatale as “a reputed Bruno-Scarfo
Congressman Jesse Jackson Jr. on Tuesday said he and his estranged wife Sandi Jackson are $1.8 million in debt thanks to legal bills from their federal criminal prosecution and mounting fees from an acrimonious divorce playing out in courtrooms in two cities. Jackson Jr. talked to reporters during an at-times rambling question-and-answer session following a brief hearing in his divorce case at the Daley Center, opining on the state of Washington politics and the best way to settle the couple’s bills. Neither Jackson nor his wife, former alderman Sandi Jackson, has worked since their release from prison after serving sentences
The family of Seth Rich, a staffer for the Democratic National Committee who was murdered last July in Washington, D.C., has launched a crowdfunding page to raise money for investigating the unsolved case. Aaron Rich, the brother of the victim, created the GoFundMe page on Sunday to draw attention to the unsolved crime that took place July 10 in the Bloomingdale neighborhood of Northwest D.C. and raise $200,000. "One thing that no one tells you, and something we weren´t prepared to hear when we lost Seth, is that if a case isn´t solved immediately, it could take months or years before
As Republicans hail Judge Neil Gorsuch as an "outstanding" Supreme Court nominee, Democrats are lining up against him for partisan reasons. "My view is very simple," Senate Minority Leader Chuck Schumer (D-N.Y.) told a news conference on Tuesday. "And that is, there is a cloud now hanging over the head of the president, and while that´s happening, to have a lifetime appointment made by this president seems unseemly, and there ought to be delay." (Video) (Earlier Tuesday, in remarks on the Senate floor, Schumer said it would be "unseemly" to move forward so fast with confirming Gorsuch while the "gray
South Carolina Sen. Lindsey Graham on Tuesday questioned Supreme Court nominee Neil Gorsuch about what it would take to impeach President Trump. (Snip) "In case President Trump is watching, which he may very well be, one you did a good job picking Judge Gorsuch," Graham said to laughs, "and number two—here´s the bad part—if you start waterboarding people, you may get impeached. Is that a fair summary?" "Senator, the impeachment power belongs to this body," Gorsuch answered.
Representative Elise M. Stefanik is a young, freshman republican congresswoman from the Albany New York area. And using a probative questioning timeline, she single-handily pulled the mask from FBI Director James Comey, yet no-one seemed to notice. Obviously Ms. Stefanik has not been in the swamp long enough to lose her common sense. (Photos) In the segment of the questioning below Rep. Stefanik begins by asking director Comey what are the typical protocols, broad standards and procedures for notifying the Director of National Intelligence, the White House and senior congressional leadership (aka the intelligence Gang of Eight), when the FBI