LeftofLeft
Diamond Member
- Oct 18, 2011
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All I’m saying is Hunter only brought to the table what his dad brought for him.
Trump to sell US Steel to Japan
- Thread starter Marilyn
- Start date
Admiral Rockwell Tory
Diamond Member
They are not buying the company. They are investing in it, but the US still owns it. That was the deal Trump worked out.
Admiral Rockwell Tory
Diamond Member
Why do you lie so easily? Is it a character flaw?
Admiral Rockwell Tory
Diamond Member
So how much does a steel worker average? I'll bet it is close to 6 figures.
Delldude
Sheep Dipped Boy Scout
Access
marvin martian
Diamond Member
Dragonlady
Designing Woman
It always was a solid deal for the country, but public opinion polls opposed it because the business would no longer be owned by Americans. The Japanese could decide in 5 years time to close the plant and move all of their capacity to Japan, and there is little the government could do to stop them.
Trump keeps encouraging foreign investment in plants and production in the USA. This is a really dumb solution to the problem of trade deficits. Foreign owned corporations owing your businesses and production companies is a recipe for the continued hollowing out of your nation.
If there is one lesson that Canadians learned a long time ago, and is currently being driven home again with the Hudson's Bay Stores bankruptcy. Do not sell your economy or your companies to foreigners. In the 1970's and beyong, we had the much hated "Foreign Investment Review Agency" because foreigners were buying up our best companies and ideas, and then destroying them. Americans thought it was a a good idea.
"The Canadian economy is heavily influenced by a magnitude of foreign direct investment. Thus the Government established the Foreign Investment Review Agency (FIRA) to screen incoming foreign investments. The report addresses the following issues concerning the agency and the possible necessity of establishing a similar one in the United States: (1) the criteria used by FIRA to evaluate the desirability of foreign investments; (2) FIRA policy goals and the types of investments which have contributed the most to Canada's national objectives; (3) the current administrative, policy, enforcement, political, and other problems of FIRA; (4) data gathering and use; (5) types of investigations FIRA makes, for what goals and with what results; and (6) whether the review process is needed in the United States."
Canada's Foreign Investment Review Agency
The Canadian economy is heavily influenced by a magnitude of foreign direct investment. Thus the Government established the Foreign Investment Review...
I literally cried in 2006 when HBC was sold to an American. The history of the Hudson Bay Company is the history of Canada. It's incorporation number is #1. The very first company in Canada began in 1670 when the then King of England granted the new corporation right and title to all lands whose rivers drained into Hudson's Bay. Cities and towns grew up around the Hudson's Bay Trading posts.
Canadian Tire Company - another iconic Canadian business has purchased all of the remaining IT, and businesses of Hudson's Bay Company, in order to return its history to Canadian hands. HBC company endured for more than 300 years before Americans started dismantling it. In recent years, they've sold off more than $400 million in company owned real estate before filing for Chapter 11.
Wash rinse and repeat for Tim Hortons. Since being purchased by Americans, the company is now fleecing the store owners, who are seeing more and more of their profits going to Head Office, and not into their pockets. Head office got very rich off the deal to sell the company to Americans. The local store owners, not so much.
Stores used to have on site bakers who produced all of their donuts onsite from mixes provided by the company. Now the stores have frozen dough shipped to the stores and baked onsite. Head office charges the stores more for the frozen dough than for the mixes, No bakers required (lower costs to produce), and the product is more "uniform" (smaller and not as tasty).
Notice how McDonald's is one of the most profitable companies in the USA, but individual stores are dirty, shabby looking, and the food isn't great???? This is what happens when Head Office sucks all of the money possible out of store owners.
Please don't try to say McDonald's only takes 6% or whatever the "franchise fee" might be. There are all kinds of additional "fees": advertising fees (another 6%), food purchases, printed materials (napkins, placemats, take out bags). If head office decides you need to update your store, you have to do it, and the tables, seating etc. are only available from Head Office. When store owners say they can't afford to raise wages, I believe them. They have nothing left after Head Office is finished with them.
Delldude
Sheep Dipped Boy Scout
Sounds like somebody needs a happy meal.
bendog
Diamond Member
Hey, Donald T. Trump knows he can't get in the way of global markets.
Nope...
This deal is on the table to buy US Steel... Keep playing stupid.
Trump said it is not for sale during the campaign. The big difference is Nippon upped there offer and bribing Trump is pretty easy now...
If Nippon bought $50m Trump junk Shares or Crypto then the deal could be on... It depends, Trump could squeeze them for a $100m...
The biggest problem with this, is Nippon would bhave to eventually show on their books back in Japan... Might be able to hide it in some bad investment deal..
Condi is the same in Dropbox and HP... She knows jackshit about IT...
They are lending there name to respectability...
Hunter is just doing in a couple of division lower than Condi...
It is a takeover offer...
They get the company or no money... Trump needs to approve...
Big difference now, Trump has ways to accept gratitude without us seeing for a while...
Anyway, when you find you Nippon bought $100+m of Trump Shares or Crypto, you will just congratulate Trump for squeezing them... what's you problem..
Dragonlady
Designing Woman
No thanks. I get heartburn, indigestion, cramps and diarrhea for 3 days when I eat their food. Supersize Me! was no surprise to me, other than how quickly he got sick, and how long it took him to recover.
BackAgain
Neutronium Member & truth speaker #StopBrandon
If they build a Japanese plant here, the workers will be Americans.
Marilyn doesn’t approve of Americans getting jobs here?
Also, this has nothing to do with US Steel. That company is doing fine and President Trump can’t sell a public company. Someone clue in Marilyn.
LeftofLeft
Diamond Member
- Oct 18, 2011
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Rice has more substance in Business, Economics, and Law compared to Hunter Biden. She commands more of a premium as you noted and she is in more demand regardless of the product or service.
At this point, we are saying the same thing. You are simply trying to build up Hunter Biden despite the significant chasm between the two. If he had anywhere near the Business and Legal qualifications, I wouldn’t have called out his lack of knowledge of the oil and gas industry. Hell, if he had a good economic basis of knowledge I wouldn’t have called out his lack of oil and gas.
Mac-7
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My understanding is that the choice is Nippon Steel or bankruptcy and closure
If anyone knows of a third choice lets hear it
Dragonlady
Designing Woman
The US does not and will not own the company. Nippon Steel owns the company, which will be located in the USA, according to the Agreement. The USA does not own corporations or property on US soil. If I buy a piece of property in the USA, I own all right title and interest in that property.
If the owner of that company decides to move its contract and production to its home country, there is NOTHING to prevent them from doing it, because it's their company. When Donald Trump signed an EO which said Pfizer couldn't sell covid vaccine to foreign buyers until all Americans had been vaccinated, Pfizer shipped Canadian orders from Germany, instead of upstate New York, and there was nothing Trump could do to prevent that.
Dragonlady
Designing Woman
That's not true at all. Hunter has a law degree,, and worked for the US Commerce Department in the Clinton Administration, and while I have no doubt he traded on his family name and connections, that's something that every rich kid is trained to do from birth.
The Trump rids are raking in billions from their family name, and connections to the President. See the deals they signed in the Middle East prior to their father's arrival. Jared's "hedge fund". Jared has a degree in real estate management, not finance and banking.
No you dumb idiot, that was killed by the Trump admin
US Steel wants to sell, but the Trump Admin has not approved it, but did approve an investment.
Trump says Nippon Steel to "invest heavily" in, not buy U.S. Steel
President Donald Trump says that Japan's Nippon Steel Corp. will no longer seek to fully own United States Steel Corp., but it will "invest heavily" in the struggling U.S. producer.
They can not buy it wihtout the US Govt's approval,
Delldude
Sheep Dipped Boy Scout
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