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unclefulbert 202 posts  |  Last Activity: 8 hours ago Member since: Mar 8, 2003
  • Reply to

    Demography is Destiny/Chinese edition

    by w.heinlein May 25, 2016 4:12 PM
    unclefulbert unclefulbert May 27, 2016 8:50 AM Flag

    heinlein,

    Agree with you on all points. Strange that the Chinese has only relaxed the one child policy and only relaxed it to two this year. Meanwhile, the Japanese, like Singapore, have been encourage their youngsters to form families and procreate with little success.

    Last, besides the formal legal immigrants, the biggest piece has been people overstaying their visas. Many from all countries just stayed. Not sure the exact number but likely hundreds of thousands each year. Nice Trump wall will keep them in?

  • Reply to

    Demography is Destiny/Chinese edition

    by w.heinlein May 25, 2016 4:12 PM
    unclefulbert unclefulbert May 27, 2016 8:18 AM Flag

    lang, you might have missed this article on Tesla and others hiring foreigners. They took jobs from your relatives:

    the U.S. issued 6.2 million business visas in fiscal year 2014. It allows foreigners to enter the country for pleasure and limited work purposes — for example, to negotiate contracts, supervise or train U.S. workers in a specialized skill, or attend a conference — but it broadly bans the holder from performing hands-on jobs that U.S. workers can do. The visa allows workers to stay in the U.S. for up to six months at a time.
    Critics say the B1 system appears to be broken. While consular officers check to see that workers will return home, less attention is paid to the work they perform in the U.S.
    “It’s the wonderful world of unregulated visas,” said Daniel Costa, an immigration law and policy researcher at the Economic Policy Institute, a think tank funded partly by labor unions.

  • Reply to

    Wall Street Money is going to Hillary

    by northvisitor34 May 26, 2016 8:06 PM
    unclefulbert unclefulbert May 27, 2016 8:07 AM Flag

    Well, too big to fail because they own us. If you search the text below, it was published before the bailout and a commentary on Genetically Modified foods:

    Henry Kissinger had in mind in 1970 when he said: "Control oil and you control nations; control food and you control the people."

    Remember also, this cabal is one of many interconnected ones with fearsome power and ruthless intent to use it - Big Banks controlling the Federal Reserve and our money, Big Oil our world energy resources, Big Media our information, Big Pharma our health, Big Technology our state-of-the-art everything and watching us, Big Defense our wars, Big Pentagon waging them, and other corporate predators exploiting our lives for profit. Engdahl's book focuses brilliantly on one of them.

  • Pending home sales impress in April

    April Pending Home Sales: +5.1% to 116.3 vs. +0.6% expected, 1.6% prior.

  • though population is much higher:

    Initial Jobless Claims: -10K to 268K vs. 275K consensus, 278K prior.

  • Reply to

    Issue Of Automation Not Solved By Tariffs

    by trueallday May 25, 2016 2:03 PM
    unclefulbert unclefulbert May 26, 2016 8:21 AM Flag

    Apple and Samsung supplier Foxconn has reportedly replaced 60,000 factory workers with robots.

    One factory has "reduced employee strength from 110,000 to 50,000 thanks to the introduction of robots", a government official told the South China Morning Post.

    Xu Yulian, head of publicity for the Kunshan region, added: "More companies are likely to follow suit."

    China is investing heavily in a robot workforce.

    In a statement to the BBC, Foxconn Technology Group confirmed that it was automating "many of the manufacturing tasks associated with our operations" but denied that it meant long-term job losses.

    "We are applying robotics engineering and other innovative manufacturing technologies to replace repetitive tasks previously done by employees, and through training, also enable our employees to focus on higher value-added elements in the manufacturing process, such as research and development, process control and quality control.

    "We will continue to harness automation and manpower in our manufacturing operations, and we expect to maintain our significant workforce in China."

    Since September 2014, 505 factories across Dongguan, in the Guangdong province, have invested 4.2bn yuan (£430m) in robots, aiming to replace thousands of workers.

  • unclefulbert by unclefulbert May 26, 2016 7:34 AM Flag

    NEW YORK -- CEOs at the biggest companies got a 4.5 percent pay raise last year. That's almost double the typical American worker's, and a lot more than investors earned from owning their stocks -- a big fat zero.

    The typical chief executive in the Standard & Poor's 500 index made $10.8 million, including bonuses, stock awards and other compensation, according to a study by executive data firm Equilar for The Associated Press. That's up from the median of $10.3 million the same group of CEOs made a year earlier.

    The raise alone for median CEO pay last year, $468,449, is more than 10 times what the typical U.S. worker makes in a year. The median full-time worker earned $809 weekly in 2015, up from $791 in 2014.

    "With inflation running at less than 2 percent, why?" asks Charles Elson, director of the John L. Weinberg Center for Corporate Governance at the University of Delaware.

  • unclefulbert unclefulbert May 26, 2016 7:14 AM Flag

    packer,

    Trump hasnot denyed having extramarital affairs and trysts. Many Presidents did. However, Bill Clinton was the only one who perjured himself in Congressional inquiries and by shaking his index fingers at us on national TV: I did not have sexual relationship with that woman, Miss Lewinsky.

  • Reply to

    Issue Of Automation Not Solved By Tariffs

    by trueallday May 25, 2016 2:03 PM
    unclefulbert unclefulbert May 26, 2016 7:09 AM Flag

    lang,

    Recall ICBM advances was all the rage in my High School civics class. It was a nice term to throw away at lunch breaks to impress the girls, of course raising your hands to correct mispelling of the teacher on Avogadro's number vs Avagadro's was even better.

    That is the main reason that those multibillion dollar aircraft carriers are becoming obsolete with billions of war planes on deck.

    BTW, my first job out of school was working on the components for Poseidon Missile systems before switching to Trident, just when Vietnam was winding down.

    Those were the days of troubles that today's OWS. BLM and Trump protests are walks in the parks on Sunday afternoons.

  • unclefulbert by unclefulbert May 25, 2016 4:30 PM Flag

    California universities graduated the greatest total number of founders whose companies attracted funding, and the state was by far the most popular place to set up shop. Schools in 45 states have graduated entrepreneurs, yet 81% of the companies we looked at are located in three states.

    Where they set up companies
    California 1,135
    Massachusetts 274
    New York 213
    Washington 66
    Texas 63

  • Reply to

    Demography is Destiny/Chinese edition

    by w.heinlein May 25, 2016 4:12 PM
    unclefulbert unclefulbert May 25, 2016 4:25 PM Flag

    Less people, less mouths to feed and fewer socks to buy. China had to limit pop growth because of they WERE unable to produce enough food with their ox driven plows and human waste fertilizers. Well, thanks to our capitalists exported all those manufacturing jobs, they have money to buy our pork and soy.

    With that said, our demographic shift was foreseen in the 90s if not before. When I was college, overpopulation was a big topic in form room discussions. Hence big push for birth control and vasectomy for college grads. So far so good in mho.

  • HP Inc. posts mixed results, issues mixed guidance; shares lower

    HP Inc. (NYSE:HPQ): FQ2 EPS of $0.41 beats by $0.03.
    Revenue of $11.59B (-11% Y/Y) misses by $130M.
    Expects FQ3 EPS of $0.37-$0.40, below a $0.41 consensus.
    Expects FY16 (ends Oct. '16) EPS of $1.59-$1.65 vs. a $1.59 consensus.
    Shares -2.6% after hours.

  • unclefulbert by unclefulbert May 25, 2016 2:33 PM Flag

    Hillary Clinton "did not comply" with State Department policies when she chose to use a personal email account to conduct government business, according to an inspector general's report released Wednesday.

    The State Department faulted Clinton and previous secretaries of state for poorly managing email and other computer information and for slowly responding to new cybersecurity risks.

    The report cites "longstanding, systemic weaknesses" related to communications that precede Clinton's appointment as secretary of state. The State Department singled out Clinton's failures as "more serious," however, according to the Associated Press.

  • Harvard economist and former Obama adviser Larry Summers recently highlighted this troubling trend in a Washington Post op-ed warning about future recessions. He notes that during previous bouts of low federal investment, the US was enjoying “peace dividends” in the wake of the post Vietnam and Cold Wars. This time around, he says, the lack of federal investment is a sign of counter-productive budget cutting.

  • Reply to

    Memo to Sanders Supporters

    by w.heinlein May 25, 2016 1:42 PM
    unclefulbert unclefulbert May 25, 2016 2:30 PM Flag

    If not for Sanders, Billary would pay little attention to Bernie's passion on income inequality, wall street follies, election financing, adjust frozen minimum wage and employee rights. Feel the Bern!

  • April new home sales at a seasonally adjusted annualized rate of 619K were a full 16.6% above the upwardly revised March print, and 23.8% higher than year-ago levels. The number also flew past expectations for just a 2% rise to 523K.
    Sales in the Northeast of 55K gained from 36K in March; Midwest of 60K down from 63K; South of 352K vs. 304K; West of 152K vs. 128K.

  • unclefulbert by unclefulbert May 24, 2016 9:38 AM Flag

    It is unfortunate that over 50% of the people are under represented in the board rooms because of their lousy record. As is, GM and IBM CEOs are the only mediocre woman leaders who have not failed yet in mho:

    When Ursula Burns was named CEO of Xerox in 2009, she was heralded as the first black woman to lead an S&P 500 company. No one thought she would be the last.

    But with her plans to step down later this year, there will be no black women leading the 500 biggest US companies, and only 19 female CEOs at all, fewer than 4%. The numbers are even more grave for African-Americans; according to Fortune, there have only been 15 black CEOs in the Fortune 500 ever.

  • unclefulbert by unclefulbert May 21, 2016 10:25 AM Flag

    Oklahoma Governor Mary Fallin has vetoed a bill that would make abortion a criminal offence in the US state.

    Although she opposes abortion, she said the measure was vague and would not withstand a legal challenge.

    The state senate on Thursday backed the bill that would have punished doctors who terminate a pregnancy with up to three years in prison. They would also be barred from practising medicine.

  • Reply to

    Told Ya: Today's Trump LIe Exposed

    by trueallday May 20, 2016 3:51 PM
    unclefulbert unclefulbert May 20, 2016 4:03 PM Flag

    Trump is just another curmudgeon. There should be rule that no one older than 64 should run of office, any office. Companies don't go out to look for CEO's over 64. yet we have Billary and Tump pushing 70's.

  • Those do-nuthin are taking in salaries and eating up platinum perks all the same:

    Airlines say lines are long because TSA is understaffed while travel is expected to hit a record high this summer. Congress has advanced TSA money to hire 768 more screeners and pay overtime this summer, but airlines say that won't be good enough.

    They have zeroed in on a 2013 budget bill in which Congress raised security fees on airline tickets and ordered the Homeland Security Department to set aside $12.6 billion over 10 years to reduce the deficit, including $1.25 billion this year.

    "That decision has come home to roost," said Nick Calio, president of the airline trade group. He said in a letter to senators that Congress should immediately put that money into screening passengers, "where it belongs."

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