In today's business news..

T

transporter

Well-Known Member
The U.S. dropped out of the top 10 in the 2018 Bloomberg Innovation Index for the first time in the six years the gauge has been compiled. South Korea and Sweden retained their No. 1 and No. 2 rankings.
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The U.S. fell to 11th place from ninth mainly because of an eight-spot slump in the post-secondary, or tertiary, education-efficiency category, which includes the share of new science and engineering graduates in the labor force. Value-added manufacturing also declined. Improvement in the productivity score couldn’t make up for the lost ground.

“I see no evidence to suggest that this trend will not continue,” said Robert D. Atkinson, president of the Information Technology & Innovation Foundation in Washington, D.C. “Other nations have responded with smart, well-funded innovation policies like better R&D tax incentives, more government funding for research, more funding for technology commercialization initiatives.”
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https://www.bloomberg.com/news/arti...-global-innovation-ranking-again-as-u-s-falls

and...

U.S. President Donald Trump’s decision to slap tariffs on solar panel imports is a blow to a booming global industry.
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The protectionist measures will pull investments in the technology out of the United States and into Asia and other regions, as the industry tries to make up for the lost opportunity in America, industry sources said on Tuesday.
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Beyond the impact to the solar market, Morgan Stanley warned of wider economic damage as the protectionist stance “could challenge investors’ perception whether the U.S. will adhere to current free trade policies.”
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Here's the kicker...

“The overwhelming majority of the 260,000 solar jobs in the U.S. depend on the cheaper imported products,” Height Securities said.
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https://www.reuters.com/article/us-...ry-to-look-elsewhere-for-growth-idUSKBN1FC0EZ
 
Bird Dog

Bird Dog

Bird Dog
PREMO Member
Starman said:
Change the subject much?
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The USA is going backwards in science and other skills required for us to stay ahead according to the article......just putting the blame where it belongs.......genius

Your post was just your typical anti-Trump $hit
 
S

Starman

New Member
Bird Dog said:
The USA is going backwards in science and other skills required for us to stay ahead according to the article......just putting the blame where it belongs.......genius
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Roger that.

So you think protectionism is a bad idea then, aye?
 
Bird Dog

Bird Dog

Bird Dog
PREMO Member
Starman said:
Roger that.

So you think protectionism is a bad idea then, aye?
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Protectionism is a bad idea when it’s a level playing field. When foreign countries are dumping products in the US for less than production costs, someone needs to step in and protect our domestic manufacturers as Trump did.
That’s how you MAGA, not sitting on your ass from the sidelines like Obama did ........
 
S

Starman

New Member
Bird Dog said:
Protectionism is a bad idea when it’s a level playing field. When foreign countries are dumping products in the US for less than production costs, someone needs to step in and protect our domestic manufacturers as Trump did.
That’s how you MAGA, not sitting on your ass from the sidelines like Obama did ........
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Spoken like a true statist.

:carryon:
 
Monello

Monello

Smarter than the average bear
PREMO Member
I'd rather the solar components be US made, even if they cost a little more. Jobs for Americans!
 
glhs837

glhs837

Power with Control
Hmm, so, it sounds like he's being the Evil Potectionist, but when you look a little deeper.


In the solar panel case, massive Chinese government subsidies and industrial planning were blamed for a surge in China’s production of solar cells and modules, and the demise of up to 30 U.S. solar panel makers. China’s share of global solar cell production rose from 7 percent in 2005 to 61 percent in 2012, according to the USTR.

In the dispute over washing machines, the Commerce Department imposed duties on South Korean washing machine makers Samsung and LG in 2013 in response to Whirlpool’s complaints that its rivals were receiving government subsidies and selling their products in the U.S. below the cost of production. In response, the South Koreans shifted production to China to escape the U.S. tariffs.

In 2017, Commerce levied new tariffs on the washing machines arriving in the U.S. from China only to see Samsung and LG shift again, this time to Thailand and Vietnam.
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And of course, I know this is a Fox class source, but still......

https://www.washingtonpost.com/news...st-major-trade-action/?utm_term=.029c8714dbc5

So, when foreign govts intervene to promote thier businesses, our should just sit and take it? Screw that. You level the field.
 
glhs837

glhs837

Power with Control
So, Starman, when a foreign govt uses it's power as a state to tilt the playing field, what should our state do? Ignore it and let them destroy an industry that could compete? No names, no snark, a simple question.


Now, to adress the education issue. Do you think that just maybe if we weight the amount of available student loans to favor career fields that we are lacking graduates in vice fields of study that yield no economic advantage, that might help? Say %20 of govt backed loans towards soft things like sociology and gender studies, and %80 towards math, science, and other fields where we need to import workers? Hows that sound?
 
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