stupid news comment of the week

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Discussion on a financial news station about manufacturing cutbacks in China and about overdelopment of malls which are empty. Then there's the downturn in the markets that may be related to investors dumping chinese companies trading in the US - it was announced this morning many companies have been falsely reporting their numbers for the past year.

So debate is about whether China is safe for US companies to expand to.

This was priceless and offered by a financial person with a straight face:

American companies should definitely build in China. They love brands there and if they see US brands sold in their own country...when they visit the US (they love to travel) they will buy those brands during their visit.
So - invest a few million to establish a branch of your company in China on the premise that a tourist from China will see Nike shes here and go "aha, I must have a pair"???

Yeah, that makes sense.
  • Profile picture of the author Dennis Gaskill
    Kay, perhpas many of the talking heads are on TV, not because they are truly expert, but because they aren't good enough at what they purport to know to make more money at it than they can just talking about it. Kind of like the WSO forum.
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    Just when you think you've got it all figured out, someone changes the rules.

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    • Profile picture of the author garyv
      Originally Posted by Dennis Gaskill View Post

      Kay, perhpas many of the talking heads are on TV, not because they are truly expert, but because they aren't good enough at what they purport to know to make more money at it than they can just talking about it. Kind of like the WSO forum.
      LOL - Oh no... whatch out Dennis. You're opening up a can of worms here.
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      • Profile picture of the author Dennis Gaskill
        Originally Posted by garyv View Post

        LOL - Oh no... whatch out Dennis. You're opening up a can of worms here.
        All the better to go fishing with.
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        • Profile picture of the author Ken
          Originally Posted by Dennis Gaskill View Post

          All the better to go fishing with.
          Happy Fishin' Dennis.



          Ken
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  • Why buy Nikes when you can make your own?

    The story I liked is the NY cop who got in trouble for pepper spraying contained protesters -

    A Capt. Anthony Bologna...(a cop named "Tony Baloney" - no wonder he has a grudge) -
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  • Profile picture of the author ghrkhan
    oh...It sucks...if not sucks then its sucked out already...lol
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  • Profile picture of the author seasoned
    That is the whole problem with the current economy. Some people think about the GOOD aspects of an action and feel it MUST be done and NEVER consider all the repercussions. Is moving to china good? Lower costs, better protection against natural disasters, lower shipping costs, better brand recognition, etc... Sounds GREAT! WHY NOT? THEN there is loss of control, cultural problems, communication problems, problems if there is some cultural strife, greater chance of abandoning what worked before, government problems, etc.... And then it doesn't sound so great.

    But people tend to buy clothes BEFORE travel if they can. A coworker CLAIMED to me that the ipad2 costs more in china than here. He DID wait a LONG time for it, and we watched it being shipped from china. It DID take a while. So even if it cost twice as much, he would probably have bought it there. Besides, THERE he would know it could handle the local utilities, and could test it. So the idea that selling it in their country will encourage buying here is kind of silly.

    MAYBE for FOOD and the like it is a better idea! I mean a fast food chain makes more sense. People may not eat the food here because they aren't used to it, don't know what to expect, or hear rumors. If the chain is in china, people have a better comfort level. BESIDES, most costs of a fast food franchise are borne by the franchisee.

    It DOES seem like there are a LOT of food places that are now in china. Ironically, some try to fit in with the US myth and chinese desires SO much, that they aren't anything like the ones in the US. A chinese person coming to the US may actually be SHOCKED. That is a FAR cry from the guy that tried to assemble a new burger. The company told him ***NO***! I forget the whole story, but eventually it was adopted and called the Big Mac. Or the guy that tried to create a new sandwich to satisfy catholics on certain days, and ended up making a bet with the CEO. HE and the CEO took their own compatible sandwich and competed to have the winner presented as a new item. The CEO LOST and the new sandwich was mcdonalds fish sandwich.

    One of a franchises strengths is consistency and a standard product line. Chicken delight is apparently all but gone in the US because of inconsistency.

    Steve
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  • Profile picture of the author HeySal
    Don't see what the difference is anymore between China and the US that is so large companies would bother moving. They are allowed to torture workers here while paying them less than enough to survive on, too.

    They are opening up jobs at Amazon in NV down the road from me. They tell people they will work any hours they tell them to (which means 12 hour days 7 days a week during good seasons) and if the worker gets sick from that and misses a day? Nope - doctor's excuse isn't good enough -- you get sick while they are beating your ass into the ground and you are fired.

    Sounds like they don't need to move to China anymore - seems like China has moved here.
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    Sal
    When the Roads and Paths end, learn to guide yourself through the wilderness
    Beyond the Path

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    • Profile picture of the author seasoned
      Originally Posted by HeySal View Post

      Don't see what the difference is anymore between China and the US that is so large companies would bother moving. They are allowed to torture workers here while paying them less than enough to survive on, too.

      They are opening up jobs at Amazon in NV down the road from me. They tell people they will work any hours they tell them to (which means 12 hour days 7 days a week during good seasons) and if the worker gets sick from that and misses a day? Nope - doctor's excuse isn't good enough -- you get sick while they are beating your ass into the ground and you are fired.

      Sounds like they don't need to move to China anymore - seems like China has moved here.
      OK, that doesn't make sense! Last I heard, there were LOTS of laws protecting regular employees. And CONTRACTORS, like ME? Well, M/S tried to treat consultants like employees once! You know what happened? The contrators said FINE, then we are EMPLOYEES! ****GIVE US THE PERKS YOU DENIED US****! M/S said NO! They were sued and LOST! Management - Feature: 07/28/97: What can we learn from Microsoft's court loss on independent contractors? from About.com

      The IRS has now codified WHAT a contractor is! Violate enough criteria, and the consultant is retroactively classified as an employee. That can mean fines, payroll taxes, benefits, back pay, etc...

      Of course, seasonal and part time labor is different, and pretty much always has been.

      Steve
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      • Profile picture of the author HeySal
        Originally Posted by seasoned View Post

        OK, that doesn't make sense! Last I heard, there were LOTS of laws protecting regular employees. And CONTRACTORS, like ME? Well, M/S tried to treat consultants like employees once! You know what happened? The contrators said FINE, then we are EMPLOYEES! ****GIVE US THE PERKS YOU DENIED US****! M/S said NO! They were sued and LOST! Management - Feature: 07/28/97: What can we learn from Microsoft's court loss on independent contractors? from About.com

        The IRS has now codified WHAT a contractor is! Violate enough criteria, and the consultant is retroactively classified as an employee. That can mean fines, payroll taxes, benefits, back pay, etc...

        Of course, seasonal and part time labor is different, and pretty much always has been.

        Steve
        Steve - laws differ all over the place. In the west they have "right to work" states. That law was supposed to be for workers rights - it was so evil that they had to actually fool people into voting for it. Many that voted thought they were voting no while actually voting yes. It removed a hell of a lot of protections. Corporations are reaming everything they can get out of the workers in Right to Work states - and they are allowed to fire them for ANYTHING. If they don't like the color of your eyes they can tell you to hit the door.

        It's almost impossible to find a legal defense against anything they do here unless they are actually in breach of contract. I was with a company that made me work 60 hours a week for 10 months - they wanted me to stay 12 hours a day. I'd just tell them I was leaving at 3 and if that was a problem I didn't need to come back. Anyhow - my contract said 40 hours with "occasional" overtime. Had I gotten in writing what "occasional overtime" meant, I could have sued them for breach of contract for making me work those kind of hours for that long. I never would have thought of it though - why would I have even thought someone would treat me like that? They can work people to death out here and unless there is a limitation in hours on the contract it's the worker's tough noogies. Ask them to start writing, though - you don't get the job.

        That's why I said China has come to us.
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        Sal
        When the Roads and Paths end, learn to guide yourself through the wilderness
        Beyond the Path

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  • Profile picture of the author seasoned
    WOW! There ARE laws against intentionally misreresenting a contract or law to gt a person to sign. It comes under the heading of FRAUD! In California, when they had all the propositions to "lower car insurance", they pulled the SAME garbage! There were literally at least TWO propositions that looked IDENTICAL! They were advertised IDENTICAL! If you paid $100 before, one would have you pay like $80(IF you could), and the other would have you pay $100! The difference was that the second was introduced by the insurance companies, and started from a certain date. The other was from the date it was proposed. The insurance companies all raised rates in preparation for THEIR version passing, which it DID.

    I said it before, I WISH they would enforce it. And WOW, It IS amazing how many legal theories there are. I once had to pay what I earned back because THEY paid me too early or too late. If early, the would say it was OBVIOUSLY preference. If late(EVEN by a DAY), they would say that I should have known about the problem, so it was preference. NO WONDER why some charge so much or being a little late. Some read the constitution and basically ignore history, reason, and context, and translate the 2nd amendment based on comma placement! So I guess it is impossible to provide for every condition. Your clarification may even be the crack they use to pry the contract apart.

    I once had discussions for MONTHS with a company. We KNEW the international understanding! It was a SELLING POINT! I asked them specific questions, and they ADMITTED that my understanding was correct! They said they were doing it. They specified it was a hardware feature. They sent me SCHEMATICS! When I proved they couldn't possibly be telling the truth, they said it was a SOFTWARE
    "feature" to provide compatible errors to indicate they COULDN'T do what they kept saying they COULD. THEIR defense came down to comma placement!

    But yeah, we know the US doesn't exist anymore. I wish I could say more here.

    Steve
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