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SpaceNut,
Yep, Amazon and other online retailers put brick and mortar stores out of business. Jeff Bezos is a democrat, though, so this is just "creative destruction", right? So, what's next, boss? More "eat the rich" nonsense? As much money as El Jefe has, you couldn't afford the free health care and free college nonsense for a single year if you took every cent he has. AOC's "green new deal" would burn through his money even faster.
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Private equity firm Sycamore Partners is in preliminary talks to acquire J.C. Penney Co Inc (JCP.N) out of bankruptcy should the U.S. department store chain’s negotiations with its creditors fail, three people familiar with the matter said on Friday. buyout, firm, sycamore, partners, buy, jc penney 795 Friday, 05 June 2020 04:36 PM
Word has it that its Amazon that wants them...
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As of Friday, there are currently over 100 products under the "Made in America" collection on the online Trump Store, where they are marked as either "Made in America" or "Made in the USA," according to a CNBC review. Yet, at least another 180 items that CNBC reviewed are labeled as having been made in Scotland, France or Italy, are labeled as "Decorated in the USA" or have no country of origin listed at all.
That means a little more than a third of the items in the online Trump Store are described as officially made in the United States. There is also an in-person Trump Store located in New York's Trump Tower.
So much for "Buy American, Hire American" initiative.
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SpaceNut,
CNBC is the same corporation that showed people waving Israeli flags in the background of their "protest in Beirut video".
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Of course we will be the one's paying for this tariff war.
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Trump steel tariffs raised prices, shriveled up demand, led to job losses, some Michigan workers say
Trump's strategy centered on shielding U.S. steel mills from foreign competition with a 25 percent tariff imposed in March 2018. He also promised to boost steel demand through major investments in roads, bridges and other infrastructure.
But higher steel prices resulting from the tariffs dented demand from the Michigan-based U.S. auto industry and other steel consumers.
Nationally, steel and aluminum tariffs resulted in at least 75,000 job losses in metal-using industries by the end of last year
they estimated, the trade war had caused a net loss of 175,000 U.S. manufacturing jobs by mid-2019.
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You would think that this product would be selling out but its not
This Miami supplier is manufacturing millions of masks. Why won’t anyone buy them?
DemeTech, a Miami-area medical device manufacturer, has been trying to bridge the gap by hiring hundreds of new workers to make Food and Drug Administration-approved surgical masks — which only look like ones you’d buy at a corner store — and Centers for Disease Control-approved N95 respirators. While others in Florida, including Miami Gardens-based ICO Uniforms, have also begun producing face coverings, DemeTech appears to be the only firm in the state to have begun turning out N95 respirators that have been tested and approved by the Centers for Disease Control and Prevention.
Cost remains the biggest factor — not because masks are expensive, but because DemeTech pays its workers more than firms in China do.
It currently sells N95 cup-style respirators for $79.99 for a box of 20.
“To make a product in the U.S., you have to pay a living wage,”
Smaller companies like DemeTech struggle to find footing — especially as overseas production resumes.
U.S. government is DemeTech’s largest customer — but only thanks to an executive order mandating the purchase of American-made products for federal entities.
The cost and price to produce means that the process being used are to costly with the only customer capable is the government to afford the cost of the product not its quality....
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SpaceNut,
To see what real demand contraction looks like, just wait until President Biden starts lockdowns again.
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Well Bidens not even in office and due to the rising cases and hospitalization mayors and governors have stepped up with orders from the executive branches of power that they hold to make changes to how we control or not the death rates and infection rates for this virus.
Most stores still have plenty of masks on display as well as hand sanitizers but they were over priced to start with so people have ordered online for the cost breaks and not buying local.
NIOSH-Approved N95 Particulate Filtering Facepiece Respirators
China Says It Remains Open to the World, but Wants to Dictate Terms
Here is America's chance to take back its economy in not providing a costly or in equality of performance for what it does cost to the customer from the manufacturing base that made America great long ago.
So from the mask example it to costly for what you get when compared to others and that is why its not selling....
First off sell the government all that you can at that higher price but do not advertise it as such and then sell the rest to open customers at a much lower level to get you name out there as a quality product that lasts and if it is not true then stop and rethink the performance issue.
On the other end of the scale Why Sleepnet of Hampton's N95 mask is getting national attention
I think this is the resellers https://store.envomask.com/envomask-n95 … it-p4.aspx they are not cheap
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I guess its a first step towards Supply-chain politics: a thought experiment on ending China’s slave labor
giving power back to its peoples....
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For SpaceNut re the link in Post #236
My guess is that there are some Americans who put a higher value on low prices than they do on enslavement of people who live in another country.
it is even possible there are a ** lot ** of such Americans (and the observation should not be limited to Americans)
It seems likely (to me at least) there are such people with posting capability in this forum.
With any luck, we may hear from one or two of them.
(th)
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Biden administration shrugs off pressure to remove Trump-era China trade war tariffs
https://www.scmp.com/news/china/article … na-tariffs
Sunday Morning Post, is a Hong Kong-based English-language newspaper, it was once owned by the Murdoch media family NewsEmpire, it has remained Hong Kong's newspaper of record since British colonial rule.
Editor-in-chief Tammy Tam succeeded Wang Xiangwei in 2016.
Everyone knew a day could come where the USA pulls back from the world of Afghan warlords maybe pull out even like Vietnam, maybe even has a recession looming like the recessions of the 1970s and 80s, in Afghan land a group like the Taliban and ''overwhelmed'' local trained troops ... or did America train a people that would once again stab America in the back?
Last edited by Mars_B4_Moon (2021-08-15 09:54:55)
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Keeping the tariffs should be just what was wanted with the America first policies of Trump and followers but to do that means we need to penalize the corporations that disappear from America to make use of the cheap labor and that should include all other locations that we are doing the same for a business practice.
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Biden’s Call for More OPEC Oil Is Still Bugging Shale CEOs
https://www.bloombergquint.com/business … shale-ceos
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So those in the know might be able to answer this...could the price and volume of shale be a raising price and dropping in volume for supply of the product for use at the refineries?
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One thing that covid 19 has proven is that the US is well beyond being able to slow its demand for imports.
This story is also playing out on the west coast as well in that the ships are waiting to off load the cargo.
This should be a big job boom but the poor infrastructure roads to the docks are the bottle neck once the goods are on land.
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For SpaceNut re #242
My understanding is that the pile up of cargo ships is NOT due to a failing (of any kind) on the part of American (or any other nation's) ports.
It is strictly and purely a failure of the Capitalist system, as practiced by the shipping companies.
They have built larger and large ships, and those are the ships that are stacked up outside ports.
There was NO need for that excess capacity, but in uncoordinated Capitalist excess (there ** is ** no other kind) we (humans on Earth) found ourselves looking at a mess "we" have created for ourselves.
I do ** not ** agree with your concluding line about 'poor infrastructure".
There may well ** be ** poor infrastructure in the United States, but ** this ** is not an example of it.
(th)
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I may be wrong, but I was under the impression that the reason the ships cannot come into harbor and unloaded, is that there are not enough trucks to take the cargo off the docks. Compounded by a too-small number of dockworkers to do the unloading.
In turn, one reason for a lack of trucks is a lack of truck drivers. There's many reasons for this, some the same as for a lack of dockworkers. But in addition to all the covid and low-wage stuff, for the truckers there is also incredible micromanagement: leading to older drivers leaving the profession early as no longer "fun and free".
I've been told by several current and former drivers that their routes are all pre-planned, and if one departs from the planned route, even for nothing so much as a bathroom break, one gets grilled to account for the deviation. There are few Americans indeed who will put up with that kind pf crap, in any job. And rightly so.
GW
GW Johnson
McGregor, Texas
"There is nothing as expensive as a dead crew, especially one dead from a bad management decision"
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Gw
Thats the economics of cost expense for the run versus what you are paid as time is money for this profession. Its also why some are looking to fuels not desiel or gasoline for the power system for these trucks as a means to control costs to make the run.
Th
so what part of capitalism was the failure, as the cargo ships are as well looking at the bottom dollar for moving the cargo just like the transportation system on land.
As higher volumes are needed to be brought accross both the action of not providing the means to move it is the issue. Transport system adequate to the task and people to man it working. As well as the roads to handle that increase load amounts.
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If this was all that needs to be done to get one's cargo onto land... Costco is renting 3 container ships and 'several thousand containers' to shield itself from supply chain delays and rising costs
So its a cost cutting measure over contracting third party...
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Caught you media lying
Fact check: Dozens of ships waiting off California coast amid backup at ports
Kip Louttit, executive director of the Marine Exchange of Southern California, told USA TODAY that, as of Sept. 21, there were 153 ships of all types at both the ports of Los Angeles and Long Beach. Of those, 64 were at dock loading or unloading cargo, 60 were at anchor and 29 were adrift off the coast.
Cargo ships made up 132 of the vessels, and container ships numbered 99, according to Louttit. Of those, 30 were at a dock loading or unloading cargo, 44 were anchored and 25 were adrift off the coast.
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Reversing of the wars has started with U.S., E.U. to end Trump-era tariff war over steel, aluminum
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SpaceNut,
The only reason we got to the point of having tariffs removed on the products we export to Europe, was that President Trump did to the European manufacturers, exactly what the European Union had been doing to American manufacturers all along. Whether you like it or not, President Trump's policies corrected their bad behavior. The Europeans are also spending more money on their own territorial defense, as opposed to relying on the US to supply the bulk of the weaponry and personnel to fight the Russians. Beyond that, President Biden's administration is now refusing to deal with the Chinese, seeing them as the adversarial nation that they've always been, for the very first time. In my eyes, President Trump accomplished the most important part of his mission, forcing both political parties and our allies to show some minor bit of loyalty to their own people. All I can say is, it's about time.
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What products are we buying from our allies?
What are they under cutting for American made goods?
The equalization of taxation of American companies that make all of there products over sea's is something that should be taxed. Companies that break up to many satellite locations which are all under the 100 people count just to avoid taxation is another.
We should be tough on these companies oversea operations that under cut the ability to do business in the US.
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