• 'America' Shoots Itself in the Foot

    From Jeremy H. Denisovan@1:229/2 to All on Monday, June 25, 2018 09:06:40
    From: david.j.worrell@gmail.com

    NPR
    Casualty Of Trade Tensions: Harley-Davidson
    Shifting More Production Overseas
    http://tinyurl.com/ya7ml35f

    "European officials last week imposed stiff tariffs on a
    wide range of U.S.-made goods sold within the European Union."

    They did that in response to Trump slapping tariffs on them.

    Harley Davidson said the tariffs of 31% the EU enacted last week
    would raise the cost of each motorcycle it ships there from the U.S.
    by about $2,200.

    On the new battleground of the global trade wars, Harley-Davidson
    is threatened on two fronts:

    New U.S. tariffs on steel and aluminum could increase the
    company’s bill for raw materials by as much as $20 million
    this year. And as other countries launch retaliatory tariffs,
    the cost of shipping bikes to Harley’s key overseas markets
    is expected to increase dramatically.


    ***

    So... they are MOVING some production and jobs OUT of the US.

    Trump used to specifically praise HD as a great American company
    that was creating American jobs. But after Trump hit the EU with
    tariffs, and they fought back, this is one of the results.

    HD will by no means be the only major company affected in this way.

    .

    --- SoupGate-Win32 v1.05
    * Origin: www.darkrealms.ca (1:229/2)
  • From fuckowski@1:229/2 to All on Monday, June 25, 2018 11:52:54
    From: allreadydun@gmail.com

    well there's always BMW and Honda
    plus a whole herd of other m/c's.

    --- SoupGate-Win32 v1.05
    * Origin: www.darkrealms.ca (1:229/2)
  • From Jeremy H. Denisovan@1:229/2 to fuckowski on Monday, June 25, 2018 13:14:50
    From: david.j.worrell@gmail.com

    On Monday, June 25, 2018 at 11:52:55 AM UTC-7, fuckowski wrote:
    well there's always BMW and Honda
    plus a whole herd of other m/c's.

    Honda is a Japanese multi-national headquartered in Tokyo.
    In fact, Reagan once raised tariffs on Japanese motorcycle companies
    like Honda, Yamaha, Kawasaki, and Suzuki to help companies like
    Harley Davidson. While Honda sells a lot of bikes in the US,
    most of their production is elsewhere. But let's see if their
    American operations aren't affected. They might be, I don't know.
    Honda does have some large American plants.

    BMW is a German multi-national headquartered in Munich.
    Their motorcycles are produced in Berlin.

    ***

    Marketwatch

    Trump tariffs would be bad for the entire global auto industry,
    says Moody’s

    http://tinyurl.com/y8hakh65

    President Donald Trump’s threat to slap 25% tariffs on imported cars
    and car parts would be a credit negative, and not just for the U.S.
    but for every segment of the global automobile industry, from car
    makers to parts suppliers, dealers and transportation companies.

    That’s the view of Moody’s Investors Service in a report published
    Monday, that highlights the pressure tariffs would place on an
    industry that relies on a complex, global supply chain.

    Ford Motor Co. and General Motors Co. would be immediately impacted
    by tariffs, said Moody’s, as both import a large number of vehicles
    to the U.S. from Canada and Mexico.

    Non-U.S. car manufacturers will be hit harder than their U.S. rivals.
    But still... it's bad for the entire global industry.

    .

    --- SoupGate-Win32 v1.05
    * Origin: www.darkrealms.ca (1:229/2)
  • From fuckowski@1:229/2 to All on Monday, June 25, 2018 19:22:19
    From: allreadydun@gmail.com

    i submit that trumpski is loopy as they come
    but we got Maxine H20's now, oh lord, she
    should take a break. she keeps it up and she
    will be working someplace else. i think she
    wants someone to bitch slap her. what a piece
    of work. Anyhow it's a strange time for politicos.

    --- SoupGate-Win32 v1.05
    * Origin: www.darkrealms.ca (1:229/2)
  • From Jeremy H. Denisovan@1:229/2 to All on Tuesday, June 26, 2018 17:00:07
    From: david.j.worrell@gmail.com

    I agree that there's a line between protesting/not swallowing
    bullshit on the one hand and outright harassing the people you
    disagree with on the other. It's unethical and is not a good
    strategy for winning either.

    .

    --- SoupGate-Win32 v1.05
    * Origin: www.darkrealms.ca (1:229/2)
  • From Jeremy H. Donovan@1:229/2 to All on Tuesday, June 26, 2018 19:06:58
    From: jeremyhdonovan@gmail.com

    Harley-Davidson ‘Surrendered,’ Trump Says,
    Threatening to Tax It for Trade Move

    President Trump has often praised the Wisconsin-based motorcycle manufacturer, but its recent plans to shift some of its production overseas has angered Mr. Trump.

    By Alan Rappeport and Stacy M. Brown
    June 26, 2018

    President Trump lashed out at one of his favorite American manufacturers on Tuesday, criticizing Harley-Davidson over its plans to move some of its motorcycle production abroad and threatening it with punitive taxes in return.

    In a series of tweets on Tuesday, the president accused the Wisconsin-based company of having “surrendered” in Mr. Trump’s trade war with Europe. He told Republican lawmakers at a White House meeting that the move amounted to a betrayal, saying, “
    I’ve been very good to Harley-Davidson.”

    “If they move, watch, it will be the beginning of the end — they surrendered, they quit!” the president wrote on Twitter. “The Aura will be gone and they will be taxed like never before!”

    A day earlier, Harley-Davidson announced that it would shift some of its production overseas in response to the European Union’s new 31 percent tariff
    on its imported bikes, which was imposed in retaliation for Mr. Trump’s steel
    and aluminum tariffs.

    Mr. Trump has made clashes with American corporations a staple of his presidency, previously assailing businesses like Amazon and Carrier.

    ***

    To me, it's another serious abuse of
    presidential power to threaten to "tax"
    companies that do things he personally
    doesn't like. As a policy, it seems
    totally irrational.

    .

    --- SoupGate-Win32 v1.05
    * Origin: www.darkrealms.ca (1:229/2)
  • From slider@1:229/2 to david.j.worrell@gmail.com on Wednesday, June 27, 2018 21:48:09
    From: slider@anashram.com

    On Wed, 27 Jun 2018 01:00:07 +0100, Jeremy H. Denisovan <david.j.worrell@gmail.com> wrote:

    I agree that there's a line between protesting/not swallowing
    bullshit on the one hand and outright harassing the people you
    disagree with on the other. It's unethical and is not a good
    strategy for winning either.

    ### - sounds reasonable! and lol is really quite unusual coming from you??

    'now' all ya gots to do is to actually adopt/implement it heh...

    (plus ya didn't manage it today i notice re tolle...)

    imho; that's a mantra you should repeat every day!

    morning, noon & nite!

    and maybe (just maybe...) sanity 'will' prevail :D

    --- SoupGate-Win32 v1.05
    * Origin: www.darkrealms.ca (1:229/2)
  • From LowRider44M@1:229/2 to All on Wednesday, June 27, 2018 19:18:20
    From: intraphase@gmail.com

    https://twitter.com/hashtag/walkaway


    The extremes on both sides are insane, intoxicated by emotion and group think. The ones saying and thinking civil war is inevitable are the most deranged. They'll run out of energy eventually, or melt down and get fired from their jobs.

    I don't think we could have deep conflict, because the millennial generation can't
    make it to the corner store for a latte without having an emotional crises.

    Incense & Peppermints
    https://www.youtube.com/watch?v=4rw1_FNdy-Y

    Good sense, innocence, cripplin' mankind
    Dead kings, many things I can't define
    Occasions, persuasions clutter your mind
    Incense and peppermints, the color of thyme

    Who cares what games we choose?
    Little to win, but nothin' to lose

    Incense and peppermints, meaningless nouns
    Turn on, tune in, turn your eyes around
    Look at yourself, look at yourself, yeah, girl
    Look at yourself, look at yourself, yeah, girl, yeah, yeah

    To divide the cockeyed world in two
    Throw your pride to one side, it's the least you can do
    Beatniks and politics, nothin' is new
    A yardstick for lunatics, one point of view

    Who cares what games we choose?
    Little to win, but nothin' to lose

    Good sense, innocence, cripplin' mankind
    Dead kings, many things I can't define
    Occasions, persuasions clutter your mind
    Incense and peppermints, the color of thyme

    Who cares what games we choose?
    Little to win, but nothin' to lose

    Incense, peppermints
    Incense, peppermints

    --- SoupGate-Win32 v1.05
    * Origin: www.darkrealms.ca (1:229/2)
  • From Jeremy H. Denisovan@1:229/2 to slider on Thursday, June 28, 2018 09:36:51
    From: david.j.worrell@gmail.com

    On Wednesday, June 27, 2018 at 1:48:10 PM UTC-7, slider wrote:
    On Wed, 27 Jun 2018 01:00:07 +0100, Jeremy H. Denisovan
    wrote:

    I agree that there's a line between protesting/not swallowing
    bullshit on the one hand and outright harassing the people you
    disagree with on the other. It's unethical and is not a good
    strategy for winning either.

    ### - sounds reasonable! and lol is really quite unusual coming from you??

    'now' all ya gots to do is to actually adopt/implement it heh...

    (plus ya didn't manage it today i notice re tolle...)

    imho; that's a mantra you should repeat every day!

    morning, noon & nite!

    and maybe (just maybe...) sanity 'will' prevail :D

    Your latest misunderstanding seems to be the meaning of
    the word 'harassment'. Hint: the definition isn't
    "when anyone disagrees with me about anything". :)

    Besides, you indulge in behavior approaching 'harassment' more often
    than any other poster. Right here you just took a positive statement
    I made and by your comments turned it into yet another attack.
    That sort of hypocritical behavior has long been the norm for you.

    .

    --- SoupGate-Win32 v1.05
    * Origin: www.darkrealms.ca (1:229/2)
  • From slider@1:229/2 to All on Thursday, June 28, 2018 18:39:03
    From: slider@anashram.com

    I agree that there's a line between protesting/not swallowing
    bullshit on the one hand and outright harassing the people you
    disagree with on the other. It's unethical and is not a good
    strategy for winning either.

    ### - and, well... am guessing that was the last we'll ever see of THAT
    one huh!

    you didn't even make it a day!? (roaring lols...)

    ok matey back under ya go!

    t-break's over! ahaha! :)

    (trump break? - grinz)

    --- SoupGate-Win32 v1.05
    * Origin: www.darkrealms.ca (1:229/2)
  • From Jeremy H. Denisovan@1:229/2 to All on Thursday, June 28, 2018 12:30:07
    From: david.j.worrell@gmail.com

    Anyone who claims I'm biased or 'extreme' need only look at this chart. http://tinyurl.com/ybjyyqsy

    (Published by MarketWatch http://tinyurl.com/yajgcjng )

    Most of the news-sources I quote here are squarely in the GREEN box
    reflecting 'minimal partisan bias', yet most 'skew slightly liberal'.
    Which is exactly what I've always said my political position is. :)

    Also notice that all 3 of the original major American TV networks:
    ABC, CBS, and NBC news are seen as reflecting 'minimal partisan bias'.
    I most often use news sources: NY Times, Washington Post, ABC, CBS,
    NBC, BBC, NPR, PBS, Politico and The Hill. All of those have been
    judged to be relatively unbiased news sources.

    ***

    But yeah, there is something important to talk about now.
    Which is the partisan bias of the Supreme Court of the US.
    Since justice Kennedy is now retiring, Trump can put another extreme right-winger on the Supreme Court, pretty much effectively biasing
    the Supreme court conservatively for some time to come.

    First, the conservatives totally cheated the American people by
    obstinately refusing to even vote on Obama's last rightful Supreme
    Court nominee, in effect *stealing* one seat on the Supreme Court,
    which Trump could then fill with a conservative, when it rightfully
    should have been Obama's last Supreme Court pick.

    In its latest ruling, that now conservative court has ruled to protect
    the generic presidential power to make determinations about immigration,
    (which has a somewhat shady and disgraceful past of its own).
    In the process, they totally overlooked the obvious evidence that
    THIS PARTICULAR president has had a clear bias all along in his
    intent for using that power.

    But after being forced to create THREE versions of his biased
    'Travel Ban', Trump finally came up with a version that could
    squeak by in his ill-gotten conservatively biased Supreme Court.

    The only hope for any real justice in the US now lies with the
    American voters themselves. We will soon see, in the midterms.

    But does Trump's Travel Ban keep us safe? It doesn't do shit.
    America just shot itself in the foot again, and this time
    our own Supreme Court did it. Read this...

    ***

    How, Exactly, Does This Travel Ban Keep Us Safe, Mr. President?
    By Bret Stephens

    June 27, 2018

    Congratulations, Mr. President: The Supreme Court has ruled that your third attempt at a travel ban is within the scope of your constitutional prerogatives. To nobody’s surprise, you trumpeted the court’s decision as “a moment of profound
    vindication following months of hysterical commentary from the media and Democratic politicians who refuse to do what it takes to secure our border and our country.”

    All right, then: The ostensible purpose of your ban is to keep Americans safe from terrorists by barring visitors, refugees and immigrants from Iran, Libya, North Korea, Somalia, Syria, Venezuela and Yemen. So let’s consider, nonhysterically, what such
    a ban might have accomplished had it come into force in recent years.

    It would not have barred Ramzi Yousef, the Kuwait-born Pakistani who helped mastermind the 1993 World Trade Center bombing.

    It would have been irrelevant in the case of Terry Nichols and Timothy McVeigh,
    the American perpetrators of the 1995 Oklahoma City bombing in which 168 people
    were murdered.

    It would have been irrelevant in the case of Eric Rudolph, the Christian terrorist who killed one person at the 1996 Atlanta Olympics and later bombed abortion clinics and a gay bar.

    It would not have barred Mohamed Atta, ringleader of the 9/11 hijackers. Atta was an Egyptian citizen who arrived in the U.S. on a visa issued by the American Embassy in Berlin in May 2000.

    It would not have barred Atta’s accomplices, all in the United States on legal visas. Fifteen of them were from Saudi Arabia, two from the United Arab Emirates and another from Lebanon.

    It would have been irrelevant in the case of the 2001 anthrax attacks, in which
    five people were killed. The attacks are widely believed (without conclusive proof) to have been the work of the late Bruce Ivins, an American microbiologist.

    It would not have barred Richard Reid, who tried to blow up a Miami-bound airliner in 2001 with explosives hidden in his shoes. Reid was a London-born Briton who converted to Islam as an adult.

    It would have been irrelevant in the case of Nidal Malik Hasan, the Virginia-born Army officer of Palestinian descent who killed 13 soldiers and civilians (including a pregnant woman) at Fort Hood, Tex., in November 2009.

    It would not have barred Umar Farouk Abdulmutallab, the Nigerian man who tried to blow up a Detroit-bound airliner on Christmas Day, 2009, with explosives hidden in his underwear.

    It would have been irrelevant in the case of the 2010 Times Square car bombing attempt. The perpetrator, Pakistan-born Faisal Shahzad, was a U.S. citizen at the time of the attack.

    It would have been irrelevant in the case of Wade Michael Page, the white supremacist who murdered six people at a Sikh temple in Wisconsin in 2012.

    It would not have barred Boston Marathon bombers Tamerlan and Dzhokhar Tsarnaev, both of Chechen background, who arrived in the United States as children.

    It would not have barred Tashfeen Malik, the Pakistani woman who arrived in the
    United States on a so-called “fiancée visa” after extensive screening from
    American consular officials. Malik and her Chicago-born husband murdered 14 people in San
    Bernardino in 2015.

    It would have been irrelevant in the case of American-born Omar Mateen, who murdered 49 patrons of Orlando’s Pulse nightclub in June 2016.

    It would not have barred Sayfullo Saipov, the legal immigrant from Uzbekistan who murdered eight people when he drove a pickup down a New York City bike path.

    I have just listed the 14 most significant terrorist attacks (or attempts) in the U.S. in the last quarter-century. Your travel ban would have done nothing to prevent any of them.

    Nor would it do anything to prevent future attacks, even if it were widely expanded. A blanket prohibition on Muslim immigrants of the sort you proposed during the campaign might be more effective, but it surely would be ruled unconstitutional. A blanket
    prohibition on immigrants from every majority-Muslim country might conceivably pass constitutional muster, but it would be feckless: Not all terrorism is Islamist, and not all Islamists come from Muslim-majority states.

    In other words, the policy you celebrate offers, at most, the illusion of security, purchased at an exorbitant cost to America’s moral reputation. In a
    different era, your travel ban would have kept out everyone from supermodel Iman to Steve Jobs’s
    biological father to the great scholar Vartan Gregorian.

    We can only guess who (or whose child) is being excluded now, but we know what is being excluded: the idea of America as a refuge to the persecuted; an inspiration to the oppressed; a rebuke to the fearful and intolerant. As was written 228 years ago:

    “The citizens of the United States of America have a right to applaud themselves for giving to Mankind examples of an enlarged and liberal policy: a policy worthy of imitation. All possess alike liberty of conscience and immunities of citizenship. It
    is now no more that mere toleration is spoken of, as if it was by the indulgence of one class of people that another enjoyed the exercise of their inherent natural rights. For happily, the Government of the United States, which gives to bigotry no
    sanction, to persecution no assistance, requires only that they who live under its protection, should demean themselves as good citizens in giving it on all occasions their effectual support.”

    The author, the first of your predecessors and your opposite in every other respect, must be turning in his grave.

    ***

    Bigoted and Feckless, the Travel Ban Is Pure Trump
    By The Editorial Board of the New York Times

    June 26, 2018

    On Tuesday morning the five conservative justices of the Supreme Court — including the one who got the job only because Senate Republicans stole a seat and held it open for him — voted to uphold President Trump’s travel ban, which indefinitely bars
    most people from five majority-Muslim countries, and certain citizens from two other countries, from entering the United States.

    The conservatives said the ban, Mr. Trump’s third version after the first two
    were struck down by lower federal courts, was a lawful exercise of presidential
    authority. They reached this conclusion despite Mr. Trump’s best efforts to convince them,
    and the country, that its real purpose was to discriminate on the basis of religion.

    Remember his call for a “total and complete shutdown of Muslims entering the United States”? That came in December 2015, when he was still a candidate. But the sentiments didn’t stop when he became president. In June 2017, he called the second
    version of the ban a “watered-down, politically correct version” of the first one, previously saying he would prefer to “go all the way” with the original, which referred to “violent ideologies” and gave priority to Christian refugees from
    Muslim-majority countries. In September, he said the ban “should be far larger, tougher and more specific — but stupidly, that would not be politically correct!” Two months later he retweeted misleading anti-Muslim videos from a far-right British
    nationalist group. (And don’t forget that the language about a “total and complete shutdown of Muslims entering the United States” remained on his campaign website until months after he took office.)

    All this looks a lot like a government official acting on religious animus, which is barred by the First Amendment and which, one would think, would especially offend the conservative justices. It was just a few weeks ago that the same justices ruled in
    favor of a Christian baker who had refused to bake a cake for a gay couple’s wedding, on the ground that a state civil-rights commissioner had violated the baker’s First Amendment rights by expressing animus toward his religious beliefs.

    The conservative justices surely believed then that, as Justice Sonia Sotomayor
    wrote in her dissent from the travel ban decision, “Our Constitution demands,
    and our country deserves, a Judiciary willing to hold the coordinate branches to account when
    they defy our most sacred legal commitments.” But the principle failed to carry over into Tuesday’s ruling, even though the government actor was not a state commissioner but the president, and the target of his remarks was not a single shopkeeper but
    millions of Muslims around the world.

    Instead, the justices in the majority upheld the travel ban because, they said,
    presidents have ample legal authority to make national security judgments in the area of immigration. That’s true, but the ban does nothing to make America safer than do
    the aggressive laws Congress has already passed to manage threats to the nation’s security. Those laws help explain why no one from any of the countries included in the ban — Iran, Libya, Syria, Yemen, Somalia, Venezuela
    and North Korea — has been
    involved in a fatal terrorist attack in the United States in the past two decades. The travel ban may have the effect of making the country less safe, according to many national security experts.

    The conservative majority’s endorsement of nearly unchecked presidential power in this context is all the more disturbing given this administration’s policies at America’s southern border, which include separating children from
    their parents and
    prosecuting those trying to come here from brutally violent countries in Central America.

    It’s no small paradox that the justices chose Tuesday’s ruling to formally overturn, at long last, one of the greatest abominations in the court’s history, Korematsu v. United States, the 1944 decision that upheld President Franklin Roosevelt’s
    order to lock up thousands of Japanese-Americans for years based on nothing but
    their ancestry — and based on a fabricated claim that our national security demanded it. The Korematsu ruling was “morally repugnant,” the court said, and was “
    gravely wrong the day it was decided.” That’s surely correct. It’s also easy to say from a distance of 74 years, protected by the warm embrace of history’s consensus. It’s much more important to say it in the moment — as Justice Robert
    Jackson did in his dissent from the Korematsu decision, which he warned was “a far more subtle blow to liberty than the promulgation of the order itself.”

    So what can be said in this moment? Perhaps this — that Mr. Trump’s travel ban is of a piece with the man himself. We may not be able to look into the president’s soul, but we can look at his words and actions over the last half
    century:

    Mr. Trump and his father settled a lawsuit brought against them by the Justice Department for refusing to rent apartments to black people in the 1970s.

    He bought a full-page ad in this newspaper and others calling for the death penalty for five young black and Latino men who were convicted of raping a white woman in Central Park in 1989, and refused to admit error even after the men were proved innocent
    and set free years later.

    He demanded the nation’s first black president provide documentary proof he was born in the United States.

    He gleefully repeated on the campaign trail, and at rallies after becoming president, a fake story about an American military general slaughtering Muslims
    with bullets dipped in pigs’ blood.

    He defended a march in Charlottesville, Va., led by neo-Nazis and white supremacists in support of a statue of the Confederate general Robert E. Lee, saying that the march also included “very fine people.”

    White racial fear has always been at the core of Mr. Trump’s worldview. What’s so dangerous about Tuesday’s ruling is that the Supreme Court has now implicitly blessed his use of this strategy as a political organizing tool and as a governing
    philosophy.

    On Jan. 27, 2017, as Mr. Trump signed the first version of the travel ban, he read out its official title, “Protecting the Nation From Foreign Terrorist Entry Into the United States,” then looked up and said, “We all know what that means.”

    Indeed we do, even if five Supreme Court justices refuse to admit it.

    ***

    While the above is the opinion of an editorial board, I think it
    is a 100% accurate telling of just exactly what has happened.

    [continued in next message]

    --- SoupGate-Win32 v1.05
    * Origin: www.darkrealms.ca (1:229/2)
  • From Jeremy H. Denisovan@1:229/2 to All on Friday, June 29, 2018 10:19:56
    From: david.j.worrell@gmail.com

    Krugman again:

    Harley-Davidson, the famed manufacturer of “hogs” — big motorcycles — made headlines this week when it announced that it would be moving some of its production out of the U.S. in the face of the growing tariff war between America and the European
    Union.

    And Donald Trump made more headlines when he lashed out at a company “I’ve been very good to,” accusing of having “surrendered” to Europe. So he threatened it with punishment: “They will be taxed like never before.”

    Now, in general I’m suspicious of news analyses, especially but not only in economics, that rely a lot on a supposedly revealing anecdote (such as, for example, analyses based on conversations with Trump supporters in diners). And the truth is that
    while Harley-Davidson may be something of an icon, it isn’t a big player in the U.S. economy. At the end of last year its motorcycle segment employed around 5,000 workers; that’s not much in an economy where around 250,000 people are hired every
    working day.

    Nonetheless, I think the Harley story is one of those anecdotes that tells us a
    lot. It’s an early example of the incentives created by the looming Trumpian trade war, which will hurt many more American companies and workers than Trump or the people
    around him seem to realize. It’s an indication of the hysterical reactions we
    can expect from the Trump crew as the downsides of their policies start to become apparent — hysteria that other countries will surely see as evidence of Trump’s
    fundamental weakness.

    And what Trump’s alleged experts have to say about the controversy offers fresh confirmation that nobody in the administration has the slightest idea what he or she is doing.

    About that trade war: So far, we’re seeing only initial skirmishes in something that may well become much bigger. Nonetheless, what’s already happened isn’t trivial. The U.S. has imposed significant tariffs on steel and
    aluminum, causing their
    domestic prices to shoot up; our trading partners, especially the European Union, have announced plans to retaliate with tariffs on selected U.S. products.

    And Harley is one of the companies feeling an immediate squeeze: It’s paying more for its raw materials even as it faces the prospect of tariffs on the cycles it exports. Given that squeeze, it’s perfectly natural for the company
    to move some of its
    production overseas, to locations where steel is still cheap and sales to Europe won’t face tariffs.

    So Harley’s move is exactly what you’d expect to see given Trump policies and the foreign response.

    But while it’s what you’d expect to see, and what I’d expect to see, it’s apparently not what Trump expected to see. His view seems to be that since he schmoozed with the company’s executives and gave its stockholders a big tax cut, Harley owes
    him personal fealty and shouldn’t respond to the incentives his policies have
    created. And he also appears to believe that he has the right to deal out personal punishment to companies that displease him. Rule of law? What’s that?

    Now, I suppose it’s possible that Trump will, in fact, manage to bully Harley-Davidson into backing down on moving some production from the U.S. At the moment, however, there’s no sign of that.

    And anyway, we’re talking about a few hundred jobs here out of around 10 million currently supported by exports, but put at risk by Trump policies. So if we’re talking about a serious trade war, we’re talking about thousands of Harley-Davidson-
    scale job losses. Even Trump can’t rage-tweet enough to make a significant dent in troubles of that dimension.

    So what do Trump’s economists have to say about all of this? One answer is, what economists? There are hardly any left in the administration. But for what it’s worth, Kevin Hassett, the chairman of the Council of Economic Advisers, isn’t echoing
    Trump’s nonsense: He’s uttering completely different nonsense. Instead of condemning Harley’s move, he declares that it’s irrelevant given the “massive amount of activity coming home” thanks to the corporate tax cut.

    That would be nice if it were true. But we aren’t actually seeing lots of “activity coming home”; we’re seeing accounting maneuvers that transfer corporate equity from overseas subsidiaries back to the home corporation but in
    general produce “
    no real economic activity.”

    So the Harley incident reveals the pervasive cluelessness behind the administration’s signature economic policy. But it also reveals something else: the deep weakness at Trump’s core.

    Think about it. Imagine that you’re Xi Jinping, the Chinese president, who has already been telling leaders of multinational corporations that he plans to
    “punch back” against Trump’s tariffs. How do you feel seeing Trump squealing over a few
    hundred jobs possibly lost in the face of European retaliation? Surely the spectacle inclines you to take a hard line: If such a small pinprick upsets Trump so much, the odds are pretty good that he’ll blink in the face of real confrontation.

    So the Harley story, while quantitatively small, may tell us a lot about the shape of things to come. And none of what it tells us is good.

    ***

    "Rule of law? What's that?" Sums up Trump's knee-jerk response perfectly.

    .

    --- SoupGate-Win32 v1.05
    * Origin: www.darkrealms.ca (1:229/2)
  • From slider@1:229/2 to All on Friday, June 29, 2018 18:58:40
    From: slider@anashram.com

    fake news wrote...

    Krugman again:

    ### - SNIP completely 'untrustworthy' reporting re trumpy!

    as one can no longer accept a single word jeremy says?

    apparently there's just not an 'ethical' bone left in his body!

    and 'coz he'll 'say' & 'do' anything just to get his own fucked-up way!

    but there's a simple-enough solution to it tho':

    i.e., if he 'hates' something then he's simply not to be believed about it!

    end of. :)

    --- SoupGate-Win32 v1.05
    * Origin: www.darkrealms.ca (1:229/2)
  • From Jeremy H. Denisovan@1:229/2 to All on Friday, June 29, 2018 17:10:38
    From: david.j.worrell@gmail.com

    G.M. Says New Wave of Trump Tariffs Could Force U.S. Job Cuts

    http://tinyurl.com/yd72mulk

    General Motors said tariffs under consideration by the Trump administration could force individual vehicle prices up thousands of dollars.

    By Tiffany Hsu
    June 29, 2018

    General Motors warned Friday that if President Trump pushed ahead with another wave of tariffs, the move could backfire, leading to “less investment, fewer jobs and lower wages” for its employees.

    The automaker said that the president’s threat to impose tariffs on imports of cars and car parts — along with an earlier spate of penalties — could drive vehicle prices up by thousands of dollars. The “hardest hit” cars, General Motors said in
    comments submitted to the Commerce Department, are likely to be the ones bought
    by consumers who can least afford an increase. Demand would suffer and production would slow, all of which “could lead to a smaller G.M.”

    The president has promoted tariffs as a way to protect American businesses and workers, aiming at dozens of nations with metal tariffs, as well as bringing broader levies against Chinese goods. But companies, which rely on other markets for sales,
    production and materials, have been increasingly vocal about the potential damage from his policies.

    The warning by G.M., echoed in comments by trade groups and other automakers, could test the president’s aggressive approach to trade and his commitment to
    business. In the past, Mr. Trump has lauded General Motors for its job creation
    and vowed to
    defend the auto industry.

    A G.M. spokeswoman, Dayna Hart, said that the company had no contingency plans calling for job cuts, but that such a move was “something that could happen.”

    “We are still assessing the impact,” she added.

    G.M. and other automakers rely heavily on parts and materials from overseas to build their cars. The president’s threat to pull out of the North American Free Trade Agreement could hurt the industry’s supply chain, which integrates
    operations in the
    United States, Canada and Mexico.

    EDITORS’ PICKS

    Trump’s Advantage in a Trade War: A Strong Economy

    How the White House Worked to Get Kennedy to Retire

    First Canada Tried to Charm Trump. Now It’s Fighting Back.
    “If there’s a full-blown trade war, it will be pretty tough for the auto industry and consumers,” said Michelle Krebs, an analyst at AutoTrader.com.

    “Consumers are already facing headwinds in credit and average prices going up,” she said. “If you add a tariff, my guess is a lot of people just won’t buy new cars.”

    Fiat Chrysler Automobiles, which has several plants in the United States, is also considering other manufacturing options, according to a Bloomberg interview with Bob Lee, an executive overseeing powertrains for the company.

    “It’s contingency planning on a massive scale — supply-based planning, logistics planning, vehicle-build location planning,” Mr. Lee told Bloomberg on Thursday. “This is not trivial, and it’s been going on for awhile.”

    American automakers, which export an estimated two million vehicles, increasingly rely on global sales as a buffer in tough times. Retaliatory tariffs from Europe or China could weaken their overseas business.

    They also depend heavily on parts from foreign suppliers. G.M. has said that its supply chain sprawls across 20,000 businesses worldwide and is an operation
    of “great breadth, scope and complexity.”

    European and Japanese automakers are major employers in the United States, supplying hundreds of thousands of jobs. Daimler, the maker of Mercedes-Benz cars, recently issued a profit warning, in part blaming tit-for-tat measures for weakness in its sales
    of S.U.V.s, which are built in Alabama.

    The German automaker BMW, which has a large factory in South Carolina, said in a comment about tariffs that the protectionist approach would make American companies less incentivized to improve their productivity.

    “The deeper the economic ties from trade and integrated value chains, the more costly conflict would be, and therefore the more unlikely it is to occur,” BMW said.

    Toyota wrote in its 15-page submission to the Commerce Department that the cost
    of its popular Camry sedan would rise $1,800 if subject to new tariffs. The Camry is built in Kentucky while sourcing 30 percent of its materials from abroad.

    The Japanese automaker said that the tariff, if approved, would be terribly timed. The auto industry is at a vulnerable point in its sales cycle, exiting a
    long stretch of record growth and heading into a period of weaker demand.

    The Alliance of Automobile Manufacturers, a Washington-based trade group that represents foreign and American companies, was more specific.

    With a 25 percent tariff, the average price of an imported vehicle would rise by $5,800, the group said in a statement. Annual sales would slide by one to two million vehicles. And production would slip 1.5 percent, causing 195,000 workers in the United
    States to lose their jobs.

    ***

    Apparently, Trump's 'trade war' could be problematic for most US automakers. Who knew? Not Trump. He just shoots from the hip and does anything he
    damn well pleases, the damn fool. :)

    .

    --- SoupGate-Win32 v1.05
    * Origin: www.darkrealms.ca (1:229/2)
  • From thang ornerythinchus@1:229/2 to allreadydun@gmail.com on Thursday, July 05, 2018 09:10:54
    From: thangolossus@gmail.com

    On Mon, 25 Jun 2018 11:52:54 -0700 (PDT), fuckowski
    <allreadydun@gmail.com> wrote:

    well there's always BMW and Honda
    plus a whole herd of other m/c's.

    Lol. What on earth will the HAMC do now? Or the Outlaws or Bandidos?

    ---
    This email has been checked for viruses by Avast antivirus software. https://www.avast.com/antivirus

    --- SoupGate-Win32 v1.05
    * Origin: www.darkrealms.ca (1:229/2)