Trump announces new factory in WI by top Apple supplier

Let me ask Google. 

Michael Phelps is not as fast as a Great White shark.

Will they hire unemployed transgender veterans?

This Foxconn? 

The Foxconn suicides were a spate of suicides linked to low pay at the so-called "Foxconn City" industrial park in Shenzhen, China, that occurred alongside several additional suicides at various other Foxconn-owned locations and facilities in Mainland China.[1] The 18[2] attempted suicides by Foxconn (Chinese: 富士康) employees resulted in 14 deaths.[2][3][4] The suicides drew media attention, and employment practices at Foxconn—one of the world’s largest contract electronics manufacturers—were investigated by several of its customers, including Appleand Hewlett-Packard (HP).[5] Foxconn is a major manufacturer that serves high-profile consumer electronics firms such as Dell, Motorola, Nintendo, Nokia, and Sony.[5]

ABC News[6] and The Economist[7] both reported that the suicide rate of Foxconn employees was actually lower than the country's overall suicide rate

They put up suicide nets so we cool. 

I think Ping Pong worked for Foxconn

American workers will commit suicide because Chinese slave laborers did?

>>>>American workers will commit suicide because Chinese slave laborers did?

Who said or even implied that?  He asked if it was the same company?

Hi slacker. Nice to see you here.

Dow and S&P 500 close at records as tech stocks surge..

Dow and S&P 500 close at records as tech stocks surge..

settle down Beavis

or Butthead depending on the situation

>>Dow and S&P 500 close at records as tech stocks surge..

LoL

Central banks buying all the paper so funds and rich assholes are buying stocks. Meh!

Two words that explain the stock market and SF real estate market...Irrational Exuberance!

But brah

Also brah Washington DC hiring investigators and lawyers at a dizzying rate!

Da Boy survived a Foxconn internship.

Everyone should take all of their disposable income and invest in alphabet  

Cero

My point about Foxconn is that they treated their employees so badly that they killed themselves. I don't see the pride or accomplishment in bringing them to the USA. 

the dollar is at a 13 month low

Foxconn workers in China worked 12hrs a day, 6 days a week @ $1.85hr - a Scott Walker wet dream. 

Google says china is a good place to sell stuff 

start a business 

we need ipads

>>>>   12hrs a day, 6 days a week @ $1.85hr

Maybe once they build the factory they can do a Mar-a-lago request* for foreign workers.

*Trump organization running Mar-a-lago claims can't get Americans to work cheap..

One of my late colleagues (dropped dead at 62 last year doing yard work!) used to rage against the minimum wage, he claimed most people weren't worth $7 per hour.   I think a lot of Republicans feel the same way.

im pretty sure this has been in the works for longer than Trump has been in office. but rub that badge of reverence mr trump, rub it good. 

Foxxconn is in my field. If we shut down this sleazy Chinese electronics subcontract manufacturer, they would morph back into being a few American Companies again, like Solectron and SCI; building Apple products in America, (which has never happened before)

Trump doesn't have the balls to loose his twitter device, audiences and his own investments overseas.

Building LCD's is nothing as far as electronic mfg. market share, we want iPhones to be manufactured on American soils.

An efficient LCD production lines takes years to turn into a profitable endeavour. They are not flipping pizzas.

PS-LCD mfg should stay in the far east, ie -South Korea, Taiwan, and Singapore; there are massive environmental problems and reasons why this is not done here.

This is just another smoke screen to take the focus off of the Russia investigation. There are like 4 a day now of those.

Europe

Italy’s migrant surge

Unwelcome choices

ROME

Most Mediterranean migrants now are economic, and Italy does not know what to do with them

THE encampment has no name, no water, no electricity and no right to be where it is: an abandoned bus park in a desolate stretch of scrub, east of the Tiburtina railway station in Rome. Most of the Africans dotted across the asphalt in tents or sprawled on mattresses in the enervating heat of a Roman summer have no permission to be there either. Many come straight off the boat, says Andrea Costa, head of Baobab Experience, the NGO running the camp: “For them, this is just the latest stage in a journey that may already have taken two years.”

So far this year, the number of migrants arriving in Italy by sea is up by 17% over the same period in 2016, to 93,335. Unlike the Syrians who poured across the Aegean in 2015, most of them are fleeing not from war or persecution, but for economic reasons. They do not qualify for humanitarian protection, and in most cases do not want to remain in Italy, but to move on to countries with better grey-market jobs.

Under the European Union’s Dublin regulation of 2013, the country where asylum-seekers first land is usually the one that should deal with them. Others are allowed to send them back to that state. Many of those in the camp are among the so-called dublinati (“Dublinated ones”), who have tried to leave Italy and been returned—many of them intercepted at the French frontier where stricter controls were imposed last year. “We have some who have been turned back three, four times,” says Mr Costa.

Carlotta Sami of UNHCR, the UN’s refugee agency, estimates that more than 170,000 migrants are in Italian reception centres or are being housed by local authorities. The French blockade is one reason for the growing build-up. Others include the increase in arrivals and more rigorous identification, such as taking fingerprints, which blocks migrants from applying for asylum in other countries.

As the logjam grows, there have been protests in parts of Italy. And with a general election due by May, Paolo Gentiloni, the prime minister, cannot ignore the discontent. His government wants neighbouring countries to accept migrant rescue boats when exceptional numbers are picked up at sea, and for Italy’s EU partners to take more of those it already hosts. He also wants international action to stem the flow though Libya.

At Italy’s request, the member states of the EU’s border agency, Frontex, met in Warsaw on July 11th to discuss changing the rules that govern Triton, the agency’s search-and-rescue operation in the central Mediterranean. The following day Mr Gentiloni lobbied the leaders of France and Germany at a summit in Trieste. On July 13th the interior minister, Marco Minniti, flew to Libya to meet the mayors of towns on the coast and the southern border. Officials in Rome are working on a code of conduct for NGOs helping with search and rescue, some of which have been accused of entering Libyan waters in their eagerness to save migrant lives—claims they deny. And on July 18th, a junior foreign minister, Mario Giro, reiterated a threat (disowned by some colleagues) to issue emergency visas that would allow migrants to travel anywhere in the EU’s passport-free Schengen zone.

So far, neither bluster nor entreaty has succeeded. A review of the Triton treaty was agreed upon, but with no guarantee it will be altered to Italy’s satisfaction.

One of Italy’s biggest handicaps is a feeling in other capitals that, because of a mix of soft-heartedness and negligence, it has made itself a “soft touch” for economic migrants. An action plan issued by the European Commission this month is strikingly critical. It urges Italy to extend detention on arrival (currently limited to 72 hours), do more to persuade migrants to agree to be sent back to their home countries, speed up asylum procedures and be less generous in offering protection.

For example, this year has brought a curious surge in the number of Bangladeshis arriving in Italy. They formed the biggest group after Nigerians. That may be related to the fact that in 2016, the last year for which figures are available, Italian tribunals extended some form of protection to 24% of applicants from Bangladesh, a poor country but scarcely Syria.

Italy has one of the world’s lowest birth rates, and few countries are in greater need of immigrants. But an influx of undocumented migrants, many of whom end up idling in illegal makeshift camps, is no way to deal with that issue. For Italians, the Mediterranean migration crisis represents a humanitarian burden. Geography has saddled them with the problem, and their governments’ disorganisation has exacerbated it. Their fellow EU members are not eager to help out.

China

The economy

The debt rollercoaster

HONG KONG

Reining in credit growth may not be as scary as some people fear

“COASTER through the Clouds” in Nanchang, a city in the southern province of Jiangxi, is China’s tallest and fastest rollercoaster (see picture). It carries terrified customers up to heights of 78 metres and down again at speeds reaching 130kph. The ride towers above an amusement park built by Dalian Wanda, a Chinese property-and-entertainment conglomerate, which has aspired to outdo Disney’s resort in Shanghai.

But this month the group said it was selling 13 such projects and 77 hotels to rival developers. It would use the proceeds, its owner said, to repay loans. Last month China’s regulator asked banks to provide more details about their overseas loans to Wanda. Standard & Poor’s said it would reassess the group’s credit rating, noting that the abrupt sale of assets had raised questions about Wanda’s strategy and finances.

Wanda is the most prominent of China’s highly geared companies, of which there are many. Corporate liabilities, including those of state-owned enterprises, amounted to 166% of GDP at the end of 2016, according to a measure by the Bank for International Settlements (BIS). Add in rapidly growing household debt and the total was over 210%, unusually high for an emerging economy.

Some of the increase in credit may be a welcome result of better access to it. Economists expect credit to grow as a share of GDP as a country develops, but when loan-making quickens, opening up a gap between the prior trend and actual levels, they begin to get scared (see chart). A credit gap above 10% of GDP has presaged financial distress in the past, says the BIS. Last year it reported that China’s gap had reached about 30% of GDP, the highest in the world. Credit was lost in the clouds.

Since then the authorities have shown greater determination to curb financial risks. The People’s Bank of China, the country’s central bank, allowed the interest rate at which banks lend to each other to rise. And China’s financial regulators have carried out “supervisory tightening”, says Tao Wang of UBS, a bank—fleshing out existing rules and enforcing them more tightly. On July 14th and 15th China’s regulators, including the central bank, came together for a five-yearly “financial work conference”. They created a new cabinet-level committee to beef up their efforts. Just as importantly, Xi Jinping, China’s president, gave a speech at the meeting that was tough enough on the topic of credit-tightening to send stocks tumbling the next day.

On a rollercoaster, riders climb upwards slowly, their suspense building, then plunge downwards quickly, their stomachs lagging a little behind. In its deleveraging efforts, China’s government hopes to do the opposite. It has allowed the country’s liabilities to mount quickly. Now it wants them to plateau or drop gently (relative to the size of China’s economy), leaving stomachs unchurned.

Some think this will be impossible. China’s growth is increasingly dependent on credit, they argue. Therefore if credit slows, China’s growth must falter. But recent data suggest the relationship between credit and growth is far from mechanical. Although lending growth has slowed, China’s nominal GDP growth has quickened: it grew by over 11% in the first half of 2017, compared with the same period a year earlier. In the second half of 2015 nominal growth was just 6.5%.

That combination of slowing credit, quickening growth and rising inflation has already had a notable effect on China’s debt ratios. The official measure of broad credit (often called “total social financing”) declined slightly, as a percentage of GDP, in the second quarter. And the frightening credit gap has narrowed dramatically. From its peak of around 30% of GDP last year, it has fallen to only 19% at the end of June 2017, by The Economist’s reckoning.

Churls will point out that these credit totals leave out explicit government debt. China’s ministry of finance has propped up growth through fiscal easing and replaced some bank lending with local-government bonds. But local-bond issuance has declined considerably in recent quarters. And the debt burden will be much safer if it is carried by the government, which has the power to tax and print money, rather than by individual companies.

Sceptics will point out correctly that China’s tightening is still new. It may be too soon to see its full impact on growth. But although the stock of credit has declined (as a percentage of GDP) only in the most recent quarter, the flow of credit has been shrinking year-on-year for longer, according to the BIS measure. It is the expansion or contraction of this credit flow, not a rise or fall in the stock, that should affect GDP growth.

At the recent conference, Mr Xi urged lenders to serve the “real” economy rather than make speculative deals. That would help credit to contribute more directly to GDP. Rollercoasters rise and fall but usually end up back where they began. Credit, on the other hand, should be a vehicle of economic progress, not a circular thrill ride.

>>we want iPhones to be manufactured on American soils.

That would be nice... but how much would they have to cost?     And unions into the mix and forget it...  The retail price would probably have to increase five-fold.

Not really sure this is anything more than a pipe dream...    Americans want redic wages for their labor beyond what's sane to most people in the rest of the world, and don't want to pay the requisite prices on the other end.     I don't think the formula could ever work out to manufacture iPhones with American labor on American soil.  

Maybe a North American version could be made here... but I think it would be hard to accomplish and a tough sell to anyone outside the U.S.A.   The rest of the iPhone-using world would never bear the added expense - and they have no reason or desire to.

https://www.forbes.com/sites/jeffkauflin/2016/12/23/the-countries-with-t...

The retail price would probably have to increase five-fold.

Maybe not all that much if you can trust these guys. I think a few studies have been done and it's in the $30-50 range.

https://www.technologyreview.com/s/601491/the-all-american-iphone/

Emended software design and final assembly in America (PR,AK,ND) for the iPhone is what we are trying to achieve.

Were as all the semiconductors, LCD, and interconnect devices will still be made in Asia. We should control all logistics and never loose sight of our intellectual properties.

My consolation fees cover my legal cost for mutual NDAs and dinners.

Chachi doing some copying & pasting. 

Plenty of hispanics in Illinois to work there. Just Saying! Unless they build a wall around WI.

You're being silly, Oakster.

How's it going out there?

Just trying to fit in oakster

TIMEOUT!!! This has been in Apple's plans for many YEARS  Now!

( I don't read super wordy posts, sooooo if this was mentioned above I apologies!)

Tuck Frumps forever campaigning without leading bullshit

>>>Plenty of hispanics in Illinois to work there

plenty of hispanics in WI to work there, too.

>>>Foxconn workers in China worked 12hrs a day, 6 days a week @ $1.85hr - a Scott Walker wet dream. 

Scotty prolly had quite the conversation with Foxconn execs and the Dumpster...no worries, wages will start at $8/hr....minimal bennies....free cheese on your 10 min. break...it'll be amazingly, hugely great.

Up all night to much ice coffee 

Free cheese curds shit i'm packing my bags. I'll live in a shanty on frozen lake michigan.

So they're creating 3000 jobs that pay $54,000 a year at a cost of $700,000 - $1 million in subsidies per job.

What a terrible deal.

But the winning... 

we need companies willing to lose some at their bottom line, but that is asking too much these days. Its a shame. Living wage union jobs would make workers happy and keep the jobs here, IF the company is willing to make a little less money per unit and consumers willing to spend a little more.. Id pay up.

Yes, we do, I agree fly.

http://bit.ly/2u5sueP

nice look at the numbers.