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Home Depot CEO Warns That Rise of China Means Fewer U.S. Jobs
Herald Tribune ^ | 06.13.2008 | Bloomberg

Posted on 06/13/2008 1:50:53 PM PDT by Coffee200am

The rising value of the Chinese yuan, higher pay for Chinese workers and $136-a-barrel oil may mean more factory jobs in North America, the Home Depot chief executive Frank Blake said. The world's largest home-improvement chain is looking for factories in the United States, Mexico and Canada to build some products that are getting too expensive to make in China, Blake said in an interview in New York. The Atlanta-based Home Depot imports about 13 percent of the goods it sells, and most of that is made in China, said a spokeswoman. A shift in production from China back to North America might help blunt job losses in the region, where U.S. payrolls have declined five straight months.

(Excerpt) Read more at iht.com ...


TOPICS: Business/Economy
KEYWORDS: china; homedepot; madeinchina; retail
The title doesn't match the story...
1 posted on 06/13/2008 1:50:53 PM PDT by Coffee200am
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To: Coffee200am
"The title doesn't match the story"

But it does match the liberal template and that's what is important.


2 posted on 06/13/2008 1:54:13 PM PDT by I see my hands (_8(|)
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To: Coffee200am
The title doesn't match the story...

Yeah, who wrote that?

3 posted on 06/13/2008 1:55:17 PM PDT by Right Wing Assault ("..this administration is planning a 'Right Wing Assault' on values and ideals.." - John Kerry)
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To: Coffee200am
It's from the International Herald Tribute which is owned by the New York Times. Did you expect accuracy?
4 posted on 06/13/2008 1:55:23 PM PDT by KarlInOhio (the Clinton dream of being a two impeachment family goes right down the drain. - Letterman)
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To: KarlInOhio

Nope...

No, if we could cut corporate tax rates, more companies would be inclined to do the same.

If we could raise rates and pay real rates of interests, we’d have a stronger (or at least on par) dollar.

If we reduced our national debt, many of these things would sort themselves out (like ruining China in the process).

This would be good news. Everyone reverts to the mean, it’s just how you get there.


5 posted on 06/13/2008 1:57:50 PM PDT by fightinbluhen51 ("...If it moves, tax it, if it moves faster, regulate it, if it stops, subsidies it.")
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To: KarlInOhio

Fake but accurate?


6 posted on 06/13/2008 1:58:04 PM PDT by Coffee200am
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To: I see my hands
I still can't figure out the Chinese fortune cookie-look HTML settings....
7 posted on 06/13/2008 1:58:25 PM PDT by Hegewisch Dupa
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To: Coffee200am
Home Depot CEO Warns That Rise of China Means Meant Fewer U.S. Jobs
8 posted on 06/13/2008 2:01:21 PM PDT by RegulatorCountry
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To: Coffee200am
Home Depot CEO Warns That Rise of China Means Fewer U.S. Jobs will be lost to China.

???

9 posted on 06/13/2008 2:05:06 PM PDT by Principled (Vaporize the "Divide and Conquer" taxes - Have everyone pay the same marginal rate!. NRST!)
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To: Coffee200am

because most people don’t read past the headline.


10 posted on 06/13/2008 2:13:12 PM PDT by nicola_tesla ("Life is Tough... It's Worse When You're Stupid".... John Wayne)
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To: Hegewisch Dupa

11 posted on 06/13/2008 2:13:26 PM PDT by I see my hands (_8(|)
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To: fightinbluhen51

You running for office?
You’ve got my vote!

Everytime dems run for office they run on jobs, jobs, jobs to the dumb masses. But business hear tax, tax, tax.

Jim Kramer, Mad Money, told the Big Three Autos to run for the border, cause if Obama gets his way it’ll be their end.


12 posted on 06/13/2008 2:13:33 PM PDT by griswold3 (Al qaeda is guilty of hirabah (war against society) Penalty is death.)
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To: Coffee200am

i’d like to hear some more complaints from everyone about the fall of the dollar please


13 posted on 06/13/2008 2:14:20 PM PDT by jjw
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To: I see my hands

LOL - nicely done


14 posted on 06/13/2008 2:16:52 PM PDT by Hegewisch Dupa
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To: griswold3

I’m only 26, and besides, I like being able to sleep at nights.

Most people inside the beltway sell their souls to be in power, I’d prefer not to have a security detail, talk with the people, and actually be a citizen while serving, but that’s not “how it’s done.”

Though I have thought about it, at least I have more experience than the “stumbler” and more common sense than the “chicken man.”


15 posted on 06/16/2008 7:59:23 AM PDT by fightinbluhen51 ("...If it moves, tax it, if it moves faster, regulate it, if it stops, subsidies it.")
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