sure they do, they just paid $17M because they delayed a problem, auto makers don't make starters, transmissions, wipers etc. they get those products from suppliers, my brother is a Sr. Director with Kia and the problem is with suppliers cutting corners, you wouldn't believe that arguments they get into over 1 cent a yard for seat fabric. Suppliers are the problem, ask any dealer
Shop fabricators and welders make on avg. about $22 a hr. in Calif, when you look at the price in China, then the cost of shipping the cost are about the same, then add in the cost of pollution from the shipping, then the cost at the harbor, the finally cost is nil, it's all about corporations moving jobs overseas to increase profits, plan and simple, you haven't a f/k clue what your talking about
Blame the idiots from Caltrans and Arnold, once again it's always get the cheap labor, I knew welding inspectors up there who were rejecting welds all day long, problem is Calif should have sent CWI ultra-sound techs to china. Most of the steel comes from Canada, Israel, Great Britian, but then again blame the corporate enterprise system we have created. We have the same problems with Bolts, the ASTM A490 high strength bolts made in China, most contractors hate using them and I haven't a problem rejecting them when I skid-more test them in the field, if they don't like it they can try and fire me from the job, but as a agent of the L.A. building dept. good luck on that one, we aren't like Vegas.
I'd like to see the numbers per region, right now in L.A. we are knocking down bldgs. in downtown and the north Hollywood area we are building 6-8 story apartment or condo complex's in santa monica the remodeling of existing homes is absolutely nuts
New homes sales surge to 6-year high; markets shrug
Bond prices are mostly snoozing through the August New Home Sales report showing sales of single-family homes surging 18% to a six-year high of 504K (seasonally adjusted annual rate). Expectations had been for a pace of 426K. The 504K print is 33% higher than August one year ago.
many a misguided Christian fundamentalist have errantly interpretted the prophet writings of the Christian Old and New Testaments (not to be confused with the Jewish or Hebrew scriptures as they are not the same...) and thereby hold the nation of Israel as "sacred" and having to do with the "end times" of the various Christian sects and cults believing that by supporting the corrupt, repressive and undemocartic state of Israel, they will be on the "winning side" when and if Christ comes again...
small caps usually out perform spy leading into new year, SML still in a uptrending channel for the moment and unleaded ticking up, but major trend is still lower
if we brought back manufacturing to US we wouldn't have nearly the problem since most trains are electric and trucking is moving towards NG and electric transportation.
Yea, the Laissez Faire Capitalism of the right has really worked out well for the bulk of the middle class, 12.3% effective tax rates for corporations, no taxes paid on stock options by CEO's, regulations that let you move 100 million dollars into a IRA account, the ability to let companies like ATT, Verizon, Comcast, Dish to classify 80% of their work force as 1099 employers, which leaves the employee to fund both sides of social security , the complete destruction of anti-trust regulations, the dismiss of defined pension benefits, for profit prisons, I could go . Why don't you look at the financials of states like Kansas and Wisconsin , Voo-Doo economics at it's best
Monday, February 22, 2010
Reagan's sabotage of anti-trust has broken the American jobs machine
When Ronald Reagan became President, one of the most dramatic and far-reaching effects of the Conservative Revolution he brought to power was the sudden and near total cessation of anti-trust enforcement. Now, a generation late, some of the damage has become so hard to ignore, it is finally coming to light. In an article just posted to the Washington Monthly website, Barry C. Lynn, director of the Markets, Enterprise, and Resiliency Initiative at the New America Foundation, and Phillip Longman, senior fellow at NAF, present the evidence that the failure to enforce anti-trust since 1981 has led to an astonishing degree of monopolization and cartelization in the American economy, from agriculture and manufacturing, to retailing.
Reagan refusal to enforce anti-trust laws was a direct result of Milton Friedman’s theories that increasing concentration would benefit the economy by giving larger firms more advantageous scales of economy they would use to better defend the innovation and efficiencies they created. (This is an old idea of laissez faire, the economic school of thought which was repudiated when the weak government structure of the Articles of Confederation was abandoned in favor of the Constitution; see Frank Bourgin, The Great Challenge: The Myth of Laissez-Faire in the Early Republic, Harper & Row, 1989. Lynn and Longman point out that Friedman was able to repackage laissez faire to make it acceptable by calling it free market instead). Lynn and Longman show that what has actually happened since 1981 is just the opposite: technological innovation has been stifled, while the economic efficiencies enforced by monopolistic corporate behemoths have mostly taken the form of cutting employment so deeply, it has effectively crippled the ability of the U.S. economy to create jobs. Hence the title of Lynn and Longman’s article: Who Broke America’s Jobs Machine?
you can thank Reagan for not enforcing anti trust during his admin. lots of info on this subject