konane's Blog

"China tycoon moves jobs to US, citing high taxes at home

"China tycoon moves jobs to US, citing high taxes at home


"Shanghai (AFP) - A Chinese auto glass tycoon has caused a stir by shifting part of his empire to the United States and setting up a factory in Ohio, citing high taxes and soaring labour costs at home.

Cao Dewang's $600-million investment comes after Donald Trump threatened to declare Beijing a currency manipulator and slap 45 percent punitive tariffs on Chinese imports to protect American jobs.

The 70-year-old tycoon's decision to open a glass factory in the eastern American state of Ohio in October -- a rare case of jobs being exported from China to the US -- triggered an outpouring of criticism on social media.

The phrase "Cao Dewang has escaped" became a hot topic, generating nearly 10 million views on the Twitter-like Weibo microblog and many comments urging China to "not let Cao Dewang run away".

Cao's Fuyao Glass Industry Group -- a supplier to big names including Volkswagen and General Motors -- claims to be the biggest exporter of auto glass in the world, reporting 2.6 billion yuan ($370 million) profits last year.

Cao defended himself in an interview with the Beijing News Wednesday, saying he "did not run and will not run. The centre of my business is in China because I'm Chinese".

"I'm a business man and I'm doing business in the US," he said. "I'm merely reminding the government" that taxes and labour costs are too high......... "

https://www.yahoo.com/news/china-tycoon-moves-jobs-us-citing-high-taxes-093204655--finance.html'

Entry #2,483

Snopes Co-Founder Accused Of Embezzling Company Money, Spending It On Prostitutes

You decide whether they're relevant to you or have credible info. I haven't used them in probably over 10 years.

Live links.

________

 

"Snopes Co-Founder Accused Of Embezzling Company Money, Spending It On Prostitutes

".........As originally reported by TheDC, Snopes almost exclusively employs leftists as fact-checkers, many of whom have exhibited a clear distaste for Republican voters. TheDC could not identify a single Snopes fact-checker who comes from a conservative background. (RELATED: Snopes, Which Will Be Fact-Checking For Facebook, Employs Leftists Almost Exclusively)

The mythbusting site has butchered the truth on more than one occasion.

In July, TheDC exposed a Snopes lie about the lack of American flags at the Democratic convention, trying to pass off a picture from day two of the convention as though it were from day one in a flailing attempt to debunk a factual Daily Caller story. (RELATED: Snopes Caught Lying About Lack Of American Flags At Democratic Convention)

Similarly, a Snopes attempt at discrediting a news story from The Daily Caller News Foundation earlier this month was riddled with factual errors and omissions. (RELATED: Snopes Deliberately Omits Key Details To Protect Kerry’s State Department)

Neither Snopes nor Facebook returned TheDC’s request for comment regarding the accusations that David Mikkelson embezzled company money and spent some of it on prostitutes."

http://dailycaller.com/2016/12/21/snopes-co-founder-accused-of-embezzling-company-money-spending-it-on-prostitutes/

Entry #2,482

Hillary Clinton's "Sudden Move" Of $1.8 Billion To Qatar Central Bank Stuns Financial World

Following Emily's blog post Cinton Donors Want to Investigate How Hillary Spent $1.5 Billion in Campaign Donations this is also very interesting.

Note that it did not receive any press on the legacy media.


Hillary Clinton’s “Sudden Move” Of $1.8 Billion To Qatar Central Bank Stuns Financial World

http://www.eutimes.net/2016/10/hillary-clintons-sudden-move-of-1-8-billion-to-qatar-central-bank-stuns-financial-world/

Entry #2,481

"Feel Good Story of the Day, Courtesy of the NY Times

"Feel Good Story of the Day, Courtesy of the NY Times

"The New York Times has announced that it will lease out eight floors of its Manhattan headquarters to raise revenue—almost half of its total remaining office space:

    The New York Times is planning to offer up at least eight floors at its Eighth Avenue headquarters on the sublet market in an effort to generate some rental income......."

".....Heh. A “different era” meaning when newspapers were profitable, and elite reporters flew first class. Shadow owner Carlos Slim will need to change his name to Carlos Slimmer if this keeps up."

http://www.powerlineblog.com/archives/2016/12/feel-good-story-of-the-day-curtesy-of-the-ny-times.php

Entry #2,475

Beautiful metamorphosis of the Trump campaign Ramirez 12-18-16 -

Awesome cartoon by an exceptionally talented cartoonist.

____

Beautiful metamorphosis of the Trump campaign
Metamorphosis 12-18-16

Beautiful metamorphosis of the Trump campaign

Metamorphosis 12-18-16

- See more at: http://www.michaelpramirez.com/metamorphosis.html#sthash.1JVTibHW.dpuf

Beautiful metamorphosis of the Trump campaign

Metamorphosis 12-18-16

- See more at: http://www.michaelpramirez.com/metamorphosis.html#sthash.1JVTibHW.dpuf

http://www.michaelpramirez.com/metamorphosis.html

Entry #2,472