Domain: bloomberg.com
Stories and comments across the archive that link to bloomberg.com.
Comments · 2,661
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Re:Also more Chevy Volt than Model 3, under $35K.
Yeah, do you know that there are many things you said that are wrong?
There are not more Volts on the road than Model 3. 136,358 Volts have been sold through March of 2019. Bloomberg tracks Model 3 at 230,070 with 7 less years on the market.
And, by the way, why are you comparing hybrids to full electrics? Not exactly apples-to-apples there. What's the total cost of ownership on one when you still have to do all the maintenance that full-electrics don't? What about the fuel costs, and the reduced efficiency of hauling around a heavy engine you aren't using if you attempt to go all-electric by plugging it in?
You know that Nissan is not a Chinese company, right?
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Re:I would assert it is retail as a whole
Housing costs are up in some markets due to the return to normal interest rates thanks to the thriving economy and very low unemployment rate.
Inflation means bad things for wage earners, because the minimum wage hasn't kept up with inflation in decades, and because all wages are related to the minimum wage.
The unemployment rate is low because it doesn't account for people who are underemployed, that is, they are working one or more jobs and still can't pay all their bills, so they are simply going further and further into debt in order to survive. It also doesn't account for people who have given up looking for full-time employment, or people who have been unemployed long enough that they no longer quality for unemployment insurance. You are looking at the U-3 rate; you should be looking at the U-6 rate. It accounts for more of these people. Even it is a lie, real unemployment is much higher, but at least it is in the ballpark.
Of course there will be a recession at some point in the future, just no signs of one today.
Many economists disagree. There absolutely are signs of one today. Whether that means there will be one this year or next is another question, but there are indisputably common signs of a recession occurring right now.
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Re:Seemed to damage his spine...
Churchill was not worth respecting. For propoganda and use in defeating Nazism he was useful, but as a person he was a horrible man. Outside of Europe he was a horrible person and very nearly himself a war criminal.
Sometimes the hero is not a saint.
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Re:Seemed to damage his spine...
Churchill was not worth respecting. For propoganda and use in defeating Nazism he was useful, but as a person he was a horrible man. Outside of Europe he was a horrible person and very nearly himself a war criminal.
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Not All of Star Wars Yet
It won't have the original trilogy yet. Turner holds the streaming rights until 2024.
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Biofilm Formations
The biofilms are brought to you by the makers of Astroglide (Biofilm, Inc.) which was developed while one of the scientists was working on cooling for the space shuttle. So basically from the article, there are concerns that Astroglide is forming microscopic layers a few microns thick due to the astronauts' activities in the space station. Also gleaned from the summary, what happens on ISS stays on ISS.
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Re:Oh, good Lord...
Funny that you'd pick some narrow hair-splitting example and ignore one that's highly relevant and didn't go in your direction. https://www.bloomberg.com/news...
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Re: Where is the evidence?
in reports that the US intelligence community have been publishing for decades, but you are too stupid to read? https://www.bloomberg.com/news... https://www.zdnet.com/article/... https://www.zdnet.com/article/... https://www.theinquirer.net/in... So, do some reading then find similar articles in any reputable (read, not RT) reporting agency about American companies installing backdoors, and get back to me.
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Coinkidink
I'm not saying their connected, but it's a big coincidence that the press release this story is based on gets released the same day this happens:
https://www.wsj.com/articles/b...
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Don't make up numbers like WindBourne just check
Search engines are a thing now. https://www.statista.com/stati... California by itself has 100k busses... https://www.bloomberg.com/news...
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Re:cut full time down to 30-32 hours and Medicare
$32.6 trillion over 10 years for Medicare For All. And that's based on Medicare spending rates, which are 60% of what hospitals and doctors charge private insurance. How do we pay for that? Do you think doctors and hospitals will all accept a 40% cut in revenue (and a much higher cut in actual profit) simply because?
Which is what they do in countries which have 100% coverage. That is why in the UK they are sweating bullets over not having enough doctors and nurses come in from poorer EU countries, because their best doctors leave for higher paying jobs in countries that don't have 100% coverage and they are having problems finding medical students who will go through 12 years of training for what is basically a tenth of what a U.S. doctor makes.
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Re:cut full time down to 30-32 hours and Medicare
$32.6 trillion over 10 years for Medicare For All. And that's based on Medicare spending rates, which are 60% of what hospitals and doctors charge private insurance. How do we pay for that? Do you think doctors and hospitals will all accept a 40% cut in revenue (and a much higher cut in actual profit) simply because?
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Re:Who benefits from making Russia the enemy?
If the reports of Russian meddling I've seen are accurate, the scale of it was so small (tens of thousands of dollars of ads in an election where Trump and Clinton spent over $1.8 billion, or nearly $14 per vote) that random people in other countries posting their opinion about the U.S. election on public forums, Facebook, etc. probably had a greater cumulative influence. The media keeps hyping the Russia angle because they feel they need to discredit the 2016 election. I mean if the media were right and a few dozen Russians spending on the order of six figures really swung the election, then every politician would be tripping over themselves to hire these guys to help them run their future ad campaigns.
You're focusing on paid advertisements, which is a fraction of the alleged interference. There were also the numerous fake accounts posting both pro and anti-BLM stuff, pushing memes, posting false or partisan articles, and the networks of bots and other fake accounts used to to amplify the visibility of those posts. This is all done without spending a cent on advertising. They probably spent a lot more on wages, developing bots, etc, but those would be hidden (to us) costs. The whole point was to drive up divisiveness and partisanship. And on that point it seems to have worked.
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Re:Who benefits from making Russia the enemy?
Oh I'm sure that Russia is meddling in the elections here. Just like every non-American with Internet access and an opinion on Trump/Clinton chipped in their 2 cents. Just like the U.S. meddles in elections elsewhere. People talk to each other, it's a fact of life. And in the Internet age that means they'll talk across national boundaries, even about stuff that they're technically not supposed to be talking about.
If the reports of Russian meddling I've seen are accurate, the scale of it was so small (tens of thousands of dollars of ads in an election where Trump and Clinton spent over $1.8 billion, or nearly $14 per vote) that random people in other countries posting their opinion about the U.S. election on public forums, Facebook, etc. probably had a greater cumulative influence. The media keeps hyping the Russia angle because they feel they need to discredit the 2016 election. I mean if the media were right and a few dozen Russians spending on the order of six figures really swung the election, then every politician would be tripping over themselves to hire these guys to help them run their future ad campaigns. -
Re: A new gambling market
And just two more points:
1) Interest rates have been trending downwards for 40 years. This helps politicians as it boosts financial markets. See Trump, who is louder than his predecessors was publicly bashing Powell, his Federal Reserve chair, for running off the balance sheet (the "50 B's") and raising interest rates. Others have done this exactly same thing behind closed doors.
2) You can also see 30 year mortgage rates have been declining for forty years too.
Without a cashless society, or a "narrow bank", it's hard to push interest rates below zero. But there is always downward political pressure on interest rates.
The point is, going forward, we may be seeing a plateau in interest rates at these low levels, which has implications for financial markets. Namely, that as interest rates go down, institutions and people seeking returns have to move to other investments, pushing their prices up. If interest rates finally plateau, that suggests that some other tactic, perhaps not yet envisioned, may be necessary to continue to support housing and stock markets.
FYI, FWIW, YMMV, standard disclaimers apply, etc.
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Re:Apple?
Amazon has about 5% of American retail sales. So it may be premature to label them a monopoly.
So far, they are not even the market leader. Walmart has more than twice their revenue.
Amazon: $239B
Walmart: $514B
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Re:Huh, I have an idea to reduce their electric bi
You forgot Deep Freeze Spawns Rare Frazil Ice That Hobbles Nuclear Reactor - and that happened just a month ago (and not in regulated Europe).
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Re: Yup.
7 European drug companies were fine
.5 B, in which multiple ppl died from lack of a good drug, while Google was charged 5 B for requiring search/chrome on Android, if mobile phone company wanted to use play store. How many ppl died? None. How many businesses were forced to install play store? None.
here we see that Europe is going after Google for basically charging too little. look, I believe in going after companies for monopolistic actions. To be honest, these companies need to be broken up. But, those fines are still out of line, esp the android one, and even the ads. -
Trump administration now confused
Scientists Turn CO2 'Back Into Coal'
Trump's new National Security climate council head William Happer has long said increased CO2 is "good for humans and the planet" and would like to have more CO2 *but* Trump's new EPA head Andrew Wheeler is a former coal lobbyist and would like to have more coal.
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Re:Next step...
....to further reduce costs, Telsa will sell cars only in kit, to be assemled by the user.
Model 3 production rates have increased dramatically since the beginning of 2019. I suspect that has made a significant impact on production costs.
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Re:No they don't
Because stating that renewables are not currently competitive and sufficient is the exact same thing as writing them off. Try real arguments instead of hyperbole.
Really? https://www.bloomberg.com/news...
... that was three years ago and Bloomberg is hardly a bastion of tree hugging libtardism. -
Re: When working for the US mil
Possibly this particular project, to provide the Army with hololenses, did not stay secret... because the Army publicly announced it.
From Bloomberg last November: "Microsoft Corp. has won a $480 million contract to supply prototypes for augmented reality systems to the Army for use on combat missions and in training, the Army said." https://www.bloomberg.com/news...
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Re:More than enough power in an EV to do so
No more subsidies!! The government cannot legislate energy independence into being.
Yes, it can.
If you want electric cars to bring the USA into energy independence then build some better electric cars.
I don't actually care about the US the tiniest bit, except for the parts that might affect me like foreign policy.
There is no giving to electric vehicles without taking from somewhere else.
National economies are not zero sum games, so the statement above is blatantly false.
Oh, and where is gas $6/gallon? I took a look at the AAA website and it's under $3/gallon for most of the USA, and under $2.50/gallon for places away from the east and west coasts. I can recall it being around $4.50/gallon once, but that didn't last long.
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Bad all around
Not a record year. Don't let the misleading slashdot headline and summary fool you. They are idiots.
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The U.S. government needs FAR better management.
The U.S. government needs FAR better management.
One example is the problems at the IRS:
The IRS Really Needs Some New Computers (April 17, 2018) "The tax agency's embrace of IBM in the 1950s helped drive down audit rates. It's still depending on the same code."
IRS says it's using technology from JFK's time (Feb. 3, 2015)
TurboTax, H&R Block Spend Big Bucks Lobbying for Us to Keep Doing Our Own Taxes (March 23, 2017)
How the IRS Was Gutted (Dec. 11, 2018) "An eight-year campaign to slash the agency's budget has left it understaffed, hamstrung and operating with archaic equipment. The result: billions less to fund the government. That's good news for corporations and the wealthy."
Who's More Likely to Be Audited: A Person Making $20,000 -- or $400,000? (Dec. 12, 2018) "If you claim the earned income tax credit, whose average recipient makes less than $20,000 a year, you're more likely to face IRS scrutiny than someone making twenty times as much. How a benefit for the working poor was turned against them."
After Budget Cuts, the IRS' Work Against Tax Cheats Is Facing "Collapse" (Oct. 1, 2018) "Audits and criminal referrals are down sharply since Congress cut the tax agency's budget and management changed priorities."
There are much earlier reports about IRS under-management: Internal Revenue Service is a den of thieves. (April 2, 2000. Not a "den of thieves", just terribly undermanaged, apparently.) "The GAO audit compared the agency to someone who can't balance his or her checkbook and instead just adjusts it to agree with the bank statement." -
Re:This is not hackingbear's story
It looks like everything he said is verifiable fact. The case does have an extraterritorial aspect (the crime she's accused of did not occur in the US or Canada) and Canada is not party to the anti-Iranian sanctions in question. Finally, Trump did make comments about the case, suggesting that he would definitely intervene to get a trade deal with China signed: https://www.bloomberg.com/news...
Those three things seem to be pretty much exactly the situation that Canadian extradition law is written to block.
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Re:Ruleset
"Don't hit things. Don't fall off a cliff." - unless they're birds that aren't afraid of your car, or rain/snow/fog is fooling your sensors
https://www.bloomberg.com/news...
“These things will not be functioning in anything heavier than a light rain”
I truly wish they would come sooner rather than later, and I support all of the testing and development they're doing, but it will still be quite a while.
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Re:Link Tax?
I presume the fuss is over the supposed "hyper-link tax" which has to be one the most idiotic ideas I've come across in my adult life.
Why presume when you can actually find out? The article says:
https://www.bloomberg.com/news...
Google is considering pulling its Google News service from Europe as regulators work toward a controversial copyright law. The European Union’s Copyright Directive will give publishers the right to demand money from the Alphabet Inc. unit, Facebook Inc. and other web platforms when fragments of their articles show up in news search results, or are shared by users.The wikipedia page for the EU Copyright Directive explains:
https://en.wikipedia.org/wiki/...
The proposal [includes...] exemptions for either copying an "insubstantial" part of a work
... The version of the directive voted on by European Parliament Committee on Legal Affairs contained explicit exemptions for the act of hyperlinking and "legitimate private and non-commercial use of press publications by individual users"So it looks like this is specifically *not* about a "hyperlink tax", and either Google specifically wants to be copying substantial parts of a copyright work without paying the owners, or something more subtle is going on (and hence we can expect to see simplifications, distortions, and clickbait designed to inflame responses).
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Re:Socialism, falsifiedConsidering how badly the government has screwed up the parts that it nationalized perhaps the small bits of private enterprise (and black markets) are probably all that's keeping it afloat. Of course, even with private enterprise, it doesn't matter when the Venezuelan government implements price controls and those business close shop or cut production if they can't fight back.
There are estimates that about three million people have fled the country because of how bad it is there. That's closing in on about 10% of the population in the last three years. All of this economic interference from the government has made it impossible for many people to live in Venezuela.So does this mean that Venezuela has proven capitalism to be bankrupt?
You would have to explain why countries like Vietnam and China that instituted capitalist reforms to move away from their even more socialistic policies have seem massive growth instead of downward collapse. Shouldn't the U.S. which is also a capitalist country have collapsed in a similar manner to Venezuela? Why aren't Hong Kong and Singapore the most deplorable little capitalist hellholes on the planet given that they some of the freest markets on the planet?
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Pivot to China
This is part of Tesla's pivot to China. China is the world's largest market for electric vehicles, and they have been courting Tesla aggressively, offering incentives and relocation assistance.
Tesla is tapering off its US based workforce to focus on building a robust presence in Asia, China most especially, which is poised to displace the US as the world's major power. Tesla realizes it cannot survive in the long term with such a heavy focus on the US market, and it must pivot to China as a top priority to remain in the game.
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Re:Not the cause of wage stagnationNotice the trend of people coming off "current" status
Please elaborate on your alleged connection.
Do a bit of reading here
The participation rate is a wild card for the U.S. labor market outlook. Employers could unlock a massive pool of untapped labor if they can pull currently disenfranchised workers back into the game. If that’s the case, the job market isn’t as tight as the current 4 percent unemployment rate would suggest and today’s still-slow wage growth makes more sense.
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Re:This administration is retarded.
You're a treasonous lying faggot of no value backing your obese cowardly draft-dodging doppelganger. How's that deplorable faggot?
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Re:This study is fake news
Ford fact checks Trump: We will be here forever CNN(September 15, 2016):
Ford said there will be zero job losses in the U.S. as a result of the new plant in Mexico. The Wayne, Michigan, plant that now builds the Focus and C-Max that will move to Mexico will instead start building other models -- probably the new Ford Bronco SUV and Ranger small pickup.
Ford to Lay Off 2,000 Workers for Ranger, Bronco Retooling(March 5, 2018):
Workers at Michigan Assembly Plant in Wayne, west of Detroit, will be temporarily dismissed from around May 7 through Oct. 22, according to a notice Ford filed with the state.
Who knew liberals considered parroting evil corporations' lies to be real news.
They reported what actually happened. Ford DID say those things. Therefore it's not fake news.
If the president says, "I will build a wall", and CNN says, "The president says he will build a wall", and then later releases an article that says, "The president didn't build his wall", which one of those is fake?
Answer, none. They were all true things that happened.
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Re:This study is fake newsFord fact checks Trump: We will be here forever CNN(September 15, 2016):
Ford said there will be zero job losses in the U.S. as a result of the new plant in Mexico. The Wayne, Michigan, plant that now builds the Focus and C-Max that will move to Mexico will instead start building other models -- probably the new Ford Bronco SUV and Ranger small pickup.
Ford to Lay Off 2,000 Workers for Ranger, Bronco Retooling(March 5, 2018):
Workers at Michigan Assembly Plant in Wayne, west of Detroit, will be temporarily dismissed from around May 7 through Oct. 22, according to a notice Ford filed with the state.
Who knew liberals considered parroting evil corporations' lies to be real news.
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Re:Just say no!
As far as I know, Google keeps that data for their own use as well, unlike other services such as Facebook and, it sounds like Bell, who happily sell it.
Google does it too, and to one of the biggest credit card companies around. Mastercard sold a datalink for it's customer data to Google. Google correlated it with their own data, then shared it back to mastercard.
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Re:It's not Apple's technology
Most americans want to pretend China is an economic wasteland, and they are years ahead of them.. They prefer this comfortable feeling instead of reality.
"
Who Has the World's No. 1 Economy? Not the U.S.
By most measures, China has passed the U.S. and is pulling away.
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Better Link
batter link
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Re:good thing they created all those new jobs
Wouldn’t it be great if the U.S. were the tax haven where the rest of the world funneled all of their money?
It already is the largest and strongest or the second largest tax-haven after Switzerland, increasingly, and has been for a long time.
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Re:Why do Democrats hate America?
The Democrats can't do anything about this as both the senate and the house are Republican controlled. It's not until Thursday when a new congress is sworn in that Democrats take control of the house. The last 2 weeks Trump has been blaming Democrats for not funding the wall when it fact it's been the Republicans.
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Re:Outdated News
They have to get their pistachios from somewhere, you know...
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Re:Age of the Pussies?
3M and Dupont executives need to be put on the chain gang cleaning this mess up. I would take immigrants over no ban on PERC. I do not know where to start with organophosphates.
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Sweet Zombie Bitcoin
Analyst: 25% Recovery In Bitcoin Price Was A “Zombie Rally”
https://www.newsbtc.com/2018/1...Wall Street’s Biggest Bitcoin Forecaster Gives Up Forecasting Bitcoin
https://www.bloomberg.com/news...Flash Hike: Bitcoin [BTC] smashes $4,000 resistance in a single rise
https://ambcrypto.com/flash-hi... -
Re:Isn't this common?
Let the EU know when your cheques for the IP THEFT you committed are in the mail.
Piracy and Fraud Propelled the U.S. Industrial Revolution
https://www.bloomberg.com/opin...OK for you, not OK for China?
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Examples of insufficient management at Amazon
I have seen many, many examples of insufficient management at Amazon.
It is VERY important to recognize ALL of the abusiveness of Amazon. Only a small part of that is mentioned here, in this re-post of a former comment, with added information:
My opinion: Jeff Bezos is not a sufficiently capable manager. Evidence: Look at any Amazon web page. As you are researching some product that is interesting, you are often distracted by other products. One fix: Put any distractions at the bottom of the page. There are many other shortcomings of the Amazon web site besides those mentioned in this Slashdot story.
A few of the stories about Amazon being abusive:
Inside Amazon: Wrestling Big Ideas in a Bruising Workplace. (New York Times, Aug. 15, 2015)
Quote: "The company is conducting an experiment in how far it can push white-collar workers..."
Amazon warehouse jobs push workers to physical limit (Seattle Times, April 3, 2012)
Worse than Wal-Mart: Amazon's sick brutality and secret history of ruthlessly intimidating workers (Salon.com, Feb. 23, 2014)
Amazon paid no US income taxes for 2017 (SeattlePI, Feb. 27, 2018)
Undercover author finds Amazon warehouse workers in UK 'peed in bottles' over fears of being punished for taking a break (Business Insider, April 16, 2018)
The undercover author who discovered Amazon warehouse workers were peeing in bottles tells us the culture was like a 'prison' (Business Insider, April 18, 2018)
Amazon Gets Tax Breaks While Its Employees Rely on Food Stamps, New Data Shows (The Intercept, April 19, 2018)
Quote: "Though the company now employs 200,000 people in the United States, many of its workers are not making enough money to put food on the table."
Amazon Under Fire Over Alleged Worker Abuse in Germany (bloomberg.com, Feb 19, 2013)
Quote from the Wikipedia page for Jeff Bezos. (Nov. 29, 2018):
"Journalist Nellie Bowles of The New York Times has described the public persona and personality of Bezos as that of 'a brilliant but mysterious and coldblooded corporate titan'. During the 1990s, Bezos earned a reputation for relentlessly pushing Amazon forward, often at the expense of public charity and social welfare."
In my opinion, Bezos is not "brilliant". No one who is habitually abusive can be called brilliant; his abusiveness damages the quality of his own life.
Would you fly into space if the company has a manager who shows serious limits? Amazon CEO Jeff Bezos owns Blue Origin.. Blue Origin does NOT now have the capability of orbiting the earth. Would you fly into space with a company owned by someone who makes huge mistakes and doesn't detect them? -
Chicom bullshit
That's pretty fucking rich coming from a country that's pouring billions of dollars into building artificial islands in the South China Sea, a brand-new war fleet and expensive ballistic missiles, all of which are designed for the sole and explicit purpose of ejecting the United States from SE Asia by force of arms. To say nothing of blowing tens of billions on the "Belt and Road" initiative, which was intended to spread Chinese influence and control across the region, but has ended up being a colossal waste of money, just like skeptics warned. And this shithead's going to sass us for "wasting money?" Fuck him.
Besides, he knows damn well where the money from globalization went - straight into the pockets of the huge multinational corporations that directly benefited from labor outsourcing, who've either sat on it or re-invested it in expanding factories overseas to employ more foreign workers and create more cheap product - everything and anything butb injecting it into the US economy. We know why our economy stagnated - worker wages flatlining (considering inflation, actual falling) while the globalizing corporations profits skyrocketed. And some of that money went into the pockets of Reps and Senators on both sides of the aisle to keep them lecturing those silly rube voters on why globalism "works."
Fuck Jack Ma, and fuck the Chicoms that brung'im.
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Re:Cool!
When you get a lecture from a Chinese Communist Party mouthpiece...
And your point? Are you trying to make an ad hominem attack on him?
I don't care who he is, I agree with him. Trump has said as much .I agree with both of them. What HAVE we accomplished over there?
My neighbors' kids coming home crippled, maimed or dead. Our country's finances going to Hell and we're literally blowing trillions up. My roads have potholes. My parks are falling apart. My Libraries struggle to buy books. But yet, there's plenty of money for bullets.
I'm all for protecting this country and even putting away real threats to the World (Hitler) and not being an isolationist. But this "Team America World Police" shit has got to stop.
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Cool!
When you get a lecture from a Chinese Communist Party mouthpiece...
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Re:Hmmm
China are murderous, thieving lying spying scum.Go live there you FUCKING ASSHOLE PUSSY SHIT.
The fucktard of a US president just admited he's holding her hostage to "make a better deal".
Your ability to be a world role model is seriously tainted.. and when China does the same thign your government has just done... morons like you will be here complaining how unfair they are.
As for "murderous"....
you have the death penalty
you "nuked" your own citizens
you have stories like the My Lai Massacre in your own past
your "industrial revolution" was powered by widespread IP theft
https://www.bloomberg.com/opin...try reading for a change.
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Correct Article Link
The article this post is linked to is incorrect, here is the correct one: https://www.bloomberg.com/opin...
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A correct URL for the story
The URL in the top post leads to a story about trade talks. Different source, but the material about subsidies.