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Apple's Top Assembler Foxconn Confirms Plans for US Investment, To Create 50,000 Jobs (bloomberg.com)
Foxconn, the biggest assembler of Apple devices, is in preliminary discussions to make an investment that would expand the company's U.S. operations. From a report on Bloomberg: The disclosure came hours after an announcement by U.S. President-elect Donald Trump and SoftBank Group's Masayoshi Son to invest $50 billion in the U.S. and create 50,000 jobs. The money will come from SoftBank's $100 billion technology fund, which was announced in October, a person familiar with the matter said. A document that Son held up after the meeting in Trump Tower also included the words "Foxconn," "$7 billion" and "50,000 new jobs" in addition to SoftBank's numbers. "While the scope of the potential investment has not been determined, we will announce the details of any plans following the completion of direct discussions between our leadership and the relevant U.S. officials," Foxconn said in a statement. "Those plans would be made based on mutually-agreed terms."
Trump is going to take the world by the balls and basically start squeezing and say "stop fucking us over OR ELSE. Now would you like to talk?"
The problem is that while Trump may think he has his hands on the world's balls, he doesn't realize that the world also has it's hands on the US's balls. Trade doesn't exist in a vacuum and playing chicken with the economy is not something to look forward to.
I am Slashdot. Are you Slashdot as well?
For the past 30 years we've been rolling over and playing dead. Maybe try something else for a bit?
We don't have a state-run media we have a media-run state.
“We were talking about it, and then I said I’d like to celebrate his presidential job” because Trump will advocate deregulation, Son told reporters according to Bloomberg News.
There was a lot of speculation about that since the day after the election.
Yes but it's still better to have the construction and the factory here. There will be some jobs and maintenance as the factory runs. What's being pointed out here is what is already known by those who want to know. Automation is taking away more jobs than outsourcing. And that's not going away. The good thing about automation is that it's making US manufacturing competitive again. The downside is that manufacturing is just going to be a much smaller employer going forward.
Just imagine if bad things happen! Your overactive imagination is not an argument.
Also, am I allowed to be pissed off at China for taking our jobs, our factories, our IP, constantly fucking with their currency and failing to abide by our trade agreements? What does anyone being "pissed off" have to do with anything? Are you the kind of guy who pays sticker price for a car because you don't want to "piss off" the car dealer? Who gives a shit.
We don't have a state-run media we have a media-run state.
Why the fuck would I want a $300 smartphone if I can't get a job for more than burger-flipper wages? My grandfather could afford to raise a family, buy a house, go on vacations, and send his kids to college on his blue collar salary alone. A shiny iphone is a piss-poor substitute for that. I would cheerfully pay 10 times for these stupid electronic gizmos if it means I get back the standard of living that once made America the envy of the world.