From your link:U.S. Steel to Eliminate 1,545 Michigan JobsOn 9/20/19 it closed at $10.81....and despite trump's 25% tariff on steel, US steel stock has dropped a third last quarter, and they are closing several Michigan plants, and laying off 1600 people. Socialized corporate welfare does not work.And yet we continue in a very low inflation environment despite unparalleled wage gains for working Americans.
Ever wonder why the Left always spouts of Chinese propaganda like a parrot?
The Washington Free Beacon reported,
Red "China routinely broke federal law by not disclosing how much it spent to publish regime propaganda in the New York Times, the Washington Post, and other newspapers, an expert review of foreign agent registration filings concluded.Routinely paid the NY Times and WaPo to publish regime propaganda.
"China Daily, an official mouthpiece of the Chinese Communist Party, has published hundreds of propaganda articles designed to look like ordinary news stories in some of America's most influential newspapers. While foreign agents may place ads in the United States, the propaganda outlet has repeatedly violated the Foreign Agent Registration Act by failing to provide full disclosures about its purchases.
"China Daily has published propaganda in mainstream outlets for decades, but did not disclose its purchases of space in American newspapers to the Department of Justice until 2012. Even after it began acknowledging its relationship with the papers, the regime mouthpiece continued to violate federal disclosure requirements. China Daily has failed to provide breakdowns of spending activities and withheld copies of online ads, among other omissions that violate federal law, according to experts who reviewed years of its FARA filings.
"The Washington Free Beacon reviewed all of the physical copies of China Daily‘s ads filed with the DOJ, as well as online ads the propaganda outlet did not submit to the department. China Daily has run more than 700 online ads designed to look like news articles and purchased 500 print pages in six American newspapers over the last seven years. These propaganda articles frame state oppression in Xinjiang, Tibet, and Hong Kong in a positive light and run alongside actual news stories produced by reporters at the Post, Times, Wall Street Journal, and other outlets."
Why pay them to publish communist propaganda in a special ad section when they publish it in their news pages for free?
3 months later,
12/20/19 it's at $11.92
Many of those laid off at the U.S. Steel facility outside of Detroit will be able to find work in nearby General Motors Co. and Ford Motor Co. plants, Ross said in an interview with Bloomberg Television. The problem with U.S. Steel’s Great Lakes plant, he said, is that it was just too high-cost to run.