Cont: The Trump Presidency Part III

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Meanwhile there is a real possibility that Fox News might have new ownership: Mickey Mouse.That could be interesting.....
 
dudalb said:
Meanwhile there is a real possibility that Fox News might have new ownership: Mickey Mouse.That could be interesting.....
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Fox News is not part of the deal.

The company could not own two broadcast networks and would therefore not buy the Fox broadcast network. It would not buy Fox's sports programming assets in the belief that combining them with ESPN could be seen as anti-competitive from an antitrust standpoint and it would not buy the Fox News or Business channel. Disney would also not purchase Fox's local broadcasting affiliates, according to people familiar with the negotiations.
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Jim_MDP said:
Then you're in luck.

If Trump is touting a figure of 4k... the reality is likely closer to 400. :rolleyes:
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Trump would NEVER tout a figure of 4k, which is obviously Islamo-fascist-commie-euro-antifa-anti-american METRIC talk. Just good ol thousands for for the proud boys in the USA. Suck it, libtards.
 
Oystein said:
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My eyes got stuck on this: "They're going to invest $1.6 billion in building a new manufacturing plant, which will create as many as 4,000 new jobs in the United States."

That's investing $400,000 per new job - supposing the numbers are reliable. That is not very efficient, is it? I have a hunch that small business and the services branch create more jobs for that kind of money.
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Those jobs are not just for a single year are they? It becomes more efficient depending on the time frame.
 
Bob001 said:
Journalist calls the modern right-wing Neo-Bolsheviks, compares them to Lenin et al. who strangled Russian democracy at birth in 1917:
https://www.washingtonpost.com/opin...0aecaa-bf41-11e7-959c-fe2b598d8c00_story.html
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Great Essay.
And, Ironically, enough, in the WAPO comments section, Applebaum. is being blasted by people on the left who totally did not get the article. All they saw was somebody was suggesting that the left can be just as evil as the right. You even got a few apologists for Lenin,Stalin and Mao weighing in. Pathetic.
Applebaum has been sort of a persona non grata among the a certain class of Left Wing Intellectulas, ever since she published "Gulag" her Pulitizer Prize winning history of the Soviet Prison System. How dare she suggest that in may ways a "Socialist country"with a left wing ideology could be just as bad as Nazi Germany.
Her point was that the Bolsheviks under Lenin pioneered tactics and methods that have been used to destroy democracy by extremists on both the left and the right. Hilter admitted in private that he studied and carefully copied the methods Lenin used to seize power in his seizure of power in Germany.
 
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Oystein said:
Incoherent babbling.

My eyes got stuck on this: "They're going to invest $1.6 billion in building a new manufacturing plant, which will create as many as 4,000 new jobs in the United States."

That's investing $400,000 per new job - supposing the numbers are reliable. That is not very efficient, is it? I have a hunch that small business and the services branch create more jobs for that kind of money.
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The numbers don't work,... as usual. Honda has a 4000 employee plant in Marysville. Capital investment was four times the figure he's citing and that was in the 90s!

The Japanese plants work on "Just-in-Time" logistics. Parts providers have to be within 120 minutes from the factory gate. This can be a stock-and-replenish warehouse but is quite often a small manufacturing facility. Either way, many of those 4000 jobs are probably not direct hires at the factory.


Oh, and Bob the Coward.... it's not a question of trading Yen. The Japanese manufacturers, not surprisingly, are somewhat sophisticated. The boss in Marysville doesn't fly over to Tokyo every Thursday and pick up a steamer trunk full of Yen to make payroll on the following Monday. We're well past the "I'll give you a basket of peaches for your side of fatback" stage. Those factories trade in the currencies of the countries they're located in and the subsidiaries in those countries sell their cars in Dollars or Euros or Baht and pay their bills in the same currencies. The only impact the Yen exchange rate has is when they make up their annual financial statements. If the Yen has gone up, they have weaker financials because they report in Yen. If the Yen has gone down, they get better bonuses based on accidents of the foreign exchange market. But the cost-accounting and profit-and-loss of the subsidiaries is done in the currencies of the countries they operate in.
 
Foolmewunz said:
The numbers don't work,... as usual. Honda has a 4000 employee plant in Marysville. Capital investment was four times the figure he's citing and that was in the 90s!

The Japanese plants work on "Just-in-Time" logistics. Parts providers have to be within 120 minutes from the factory gate. This can be a stock-and-replenish warehouse but is quite often a small manufacturing facility. Either way, many of those 4000 jobs are probably not direct hires at the factory.


Oh, and Bob the Coward.... it's not a question of trading Yen. The Japanese manufacturers, not surprisingly, are somewhat sophisticated. The boss in Marysville doesn't fly over to Tokyo every Thursday and pick up a steamer trunk full of Yen to make payroll on the following Monday. We're well past the "I'll give you a basket of peaches for your side of fatback" stage. Those factories trade in the currencies of the countries they're located in and the subsidiaries in those countries sell their cars in Dollars or Euros or Baht and pay their bills in the same currencies. The only impact the Yen exchange rate has is when they make up their annual financial statements. If the Yen has gone up, they have weaker financials because they report in Yen. If the Yen has gone down, they get better bonuses based on accidents of the foreign exchange market. But the cost-accounting and profit-and-loss of the subsidiaries is done in the currencies of the countries they operate in.
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I thought that is what I was talking Bout. The purchase of assets in the US by a Japanese company will lead to a larger trade deficit with Japan through the balance of payments.
 
BobTheCoward said:
I thought that is what I was talking Bout. The purchase of assets in the US by a Japanese company will lead to a larger trade deficit with Japan through the balance of payments.
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That's not how it works. They trade in the markets they're manufacturing in. They make money or lose money in the local economy. The "balance of payments" is to a holding company somewhere offshore. The Japanese, like the Americans do not take their profits from country X and re-home them to Tokyo so they can pay local taxes. How much worse would it be if Honda was producing those 10,000,000 cars - yes, they broke the ten million mark at that plant in Ohio three years ago! - in Malaysia or Thailand or Japan.

The Honda Corp is no more Japanese than General Motors is American. Do you think those profits or losses get credited directly to the post office, highway authority, military, etc.... They go to shareholders who are from all sorts of countries and pay taxes in all sorts of countries.

Get your thinking past the 17th century, maybe?
 
Foolmewunz said:
That's not how it works. They trade in the markets they're manufacturing in. They make money or lose money in the local economy. The "balance of payments" is to a holding company somewhere offshore. The Japanese, like the Americans do not take their profits from country X and re-home them to Tokyo so they can pay local taxes. How much worse would it be if Honda was producing those 10,000,000 cars - yes, they broke the ten million mark at that plant in Ohio three years ago! - in Malaysia or Thailand or Japan.

The Honda Corp is no more Japanese than General Motors is American. Do you think those profits or losses get credited directly to the post office, highway authority, military, etc.... They go to shareholders who are from all sorts of countries and pay taxes in all sorts of countries.

Get your thinking past the 17th century, maybe?
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Oh, I see what you are getting at. Yes, I was just using the one company explanation as an extremely simplified version. Not only are they big enough in international sales that they do not have need for trading for dollars and would be owned by a subsidiary, their 1.5 billion investment is less than half a percent of US assets foreign owned by Japan.

The balance of payments is real. If Trump managed to generate 100 billion dollars of net foreign direct investment, he will significantly increase the trade deficit he hates so much.
 
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"Ultimately, it will all work out. It always works out. It has to work out," Trump said at the start of a briefing with military commanders at the base, referring to the standoff with North Korea over its nuclear weapons and ballistic missile programs

essing optimism that they would be able to contain what he, in Japan, dubbed the "menace" of South Korea's northern neighbor.*“Hopefully something will be successfully worked out," he said.
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https://www.washingtonpost.com/news...s-military-base-on-eve-of-north-korea-speech/

Not exactly comforting to be honest with you...
 
I'm just guessing, but I don't think these international trips matter much to his base. Some softer Trump supporters are peeling away, it seems. He so often manages to sound like either a boastful rube or a starstruck fan of fascist regimes. He knows Japanese cars are made here but can't seem to resist getting some digs in, perhaps for his fans at home. But the gratuitous alienation of allies or his fawning over dictators - I can't see his approval rating getting a boost from either of these, even among his core fans.

Lord knows how his translators manage to get all that goop conveyed in Japanese or whatever the language du jour. I can picture a translator being tempted to edit Trump's words, because they make so little sense taken at face value. How do you translate that crap? Samurai nation should have shot down North Korea's missile. In his quest to be non-PC he's crossing the line to coming off as a rude, nasty, petty and petulant man. It can't be good for the U.S. image and I think even some who support Trump find his demeanor cringe-worthy.

I want to see him lose some of those core supporters. Vindictive on my part, maybe, but just personally, I hope more people catch on to his shtick.
 
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Any bets that after he meets with Duterte in the Philippines he suggests we solve the opioid crisis by gangs of armed thugs and extra judicial killings?
 
Craig4 said:
Any bets that after he meets with Duterte in the Philippines he suggests we solve the opioid crisis by gangs of armed thugs and extra judicial killings?
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Not explicitly, not even President Trump is that much of a polemicist. He may however flatter his host and make some comments about strong leadership and assertive action in the face of such a challenge and bemoan the fact that the obstructive Democrats, liddle' Bob Corker, Crooked Hillary and the #Fakemedia are tying his hands back home.......
 
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