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Keyword: offshoring

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  • Trump says immigration bill cannot include 'chain migration'

    09/15/2017 2:04:25 PM PDT · by blueplum · 73 replies
    Reuters via MSN ^ | 15 Sep 2017 | staff
    WASHINGTON — U.S. President Donald Trump on Friday said so-called “chain migration,” a term often used to refer to citizens or permanent residents sponsoring relatives or the clustering of certain immigrants in the same areas, cannot be included in any immigration legislation. “CHAIN MIGRATION cannot be allowed to be part of any legislation on Immigration!” Trump wrote on Twitter.
  • Southern Poverty Law Center Transfers Millions in Cash to Offshore Entities

    08/31/2017 8:18:06 AM PDT · by amnestynone · 22 replies
    freebeacon.com ^ | August 31, 2017 | Joe Schoffstall
    he Southern Poverty Law Center (SPLC), a liberal, Alabama-based 501(c)(3) tax-exempt charitable organization that has gained prominence on the left for its "hate group" designations, pushes millions of dollars to offshore entities as part of its business dealings, records show. Additionally, the nonprofit pays lucrative six-figure salaries to its top directors and key employees while spending little on legal services despite its stated intent of "fighting hate and bigotry" using litigation, education, and other forms of advocacy. The Southern Poverty Law Center is perhaps best known for its "hate map," a collection of organizations the nonprofit deems "domestic hate groups"...
  • Donald Trump tells businesses to bring back jobs from 'places like Ireland'

    08/15/2017 4:13:03 PM PDT · by 2ndDivisionVet · 19 replies
    The Journal ^ | August 15, 2017 | Gráinne Ní Aodha
    DONALD TRUMP IS bringing back jobs to the US – at least that’s what he’s promising to do. At a press conference at Trump Tower this evening, the US President said that he would cut down on regulations for construction projects like motorways, and aim to bring manufacturing jobs back from other countries – namechecking Ireland. You have to bring it back to this country, you can’t do it in Ireland and all of these other places. You have to bring this work back to this country so that American workers can benefit.(TWEET-AT-LINK) Ireland has gathered unwanted attention from the...
  • Household Appliances Were Cheaper 40 Years Ago—We’re Getting Ripped Off

    05/13/2017 9:10:35 PM PDT · by grey_whiskers · 135 replies
    National Economics Editorial ^ | May 12, 2017 | Spenser P. Morrison
    What do flat-earthers and economists have in common? They both mistake their models for reality. They confuse what ought to be with what is. And that’s why economists are often wrong—even when they all agree, like when it comes to global free trade. Ask 10 economists about global free trade, and 10 will say it’s good. Always good.
  • 5 Reasons Why Trump Should Withdraw The US From NAFTA & Put America First

    04/29/2017 3:29:24 PM PDT · by Thalean · 27 replies
    National Economics Editorial Blog ^ | April 26, 2017 | Spencer P Morrison
    CNN says automation is to blame for America’s manufacturing job losses; and what’s worse, there’s more to come—and no, it has absolutely nothing to do with bad trade deals like NAFTA, nor China’s predatory trading strategy. Nope. Nothing to see here people. Move along. Automation is bad, and your jobs are never coming back. This view was echoed recently by the Guardian too. Of course, this is all just fake news—CNN has to earn its reputation somehow. In reality, automation is only half the story: if you look at its impact relative to output, you’ll see that automation doesn’t really...
  • Please help - sign petition to stop Offshoring Jobs

    Please don't beat me up if this isn't the right place for this; I'm a long-time lurker and still new to posting. We're fed up. I'm fed up. Just saw another group of hard working American-based people losing their jobs to offshore interests (India, Philippines). That's why I'm reaching out. Again, if this isn't the right place, please steer me to it. I'm asking everyone to share & sign this petition: Stop Offshoring of American Jobs and Prevent Identity Theft by Foreign Companies
  • Trump Could Bring Home $2.6 Trillion in Offshore Profits

    12/28/2016 1:31:52 AM PST · by GonzoII · 43 replies
    Lifezette ^ | 27 Dec 2016 | 27 Dec 2016
    At least $2.6 trillion in American corporate profits are parked outside the country, and President-Elect Donald Trump’s major tax reform plan could bring it back into the United States — which could provide a big boost to the economy and federal revenue. Trump’s plan is part of his larger business tax plan to lower the corporate tax rate from a top rate of 35 percent down to 15 percent. A key element is also providing a one-time tax rate of 10 percent on offshore corporate profits brought back to the United States, or repatriated money. After the one-time tax, the country would move...
  • Bike Production Shifts Gears and Rolls Back to the US

    12/20/2016 8:25:24 AM PST · by bigbob · 34 replies
    Industry Week ^ | 12-8-16 | Harry Moser
    After decades of offshoring, established bicycle brands and entrepreneurs are bringing bicycle manufacturing back to the United States as overseas costs rise and companies realize the value of "local for local" production. Kent International will roll out approximately 350,000 bikes at its Manning, S.C. factory, but expects to produce about 500,000 bikes in the U.S. in 2017, and has set a target to ramp up to more than 1 million bicycles by 2020. From hand-crafted boutique brands to high-volume manufacturing and assembly, dedicated U.S. bicycle makers are reshoring bike production to the U.S. A confluence of factors including rising offshore...
  • George Soros' offshore finances revealed in Panama Papers

    11/04/2016 3:06:48 AM PDT · by Freedom of Speech Wins · 11 replies
    Aol.news ^ | 5-17-16 | Unstated
    George Soros is a resident of New York state and a wealthy political donor. But the Panama Papers show his money resides elsewhere. Soros Holdings Limited was incorporated in the British Virgin Islands. Soros Capital in Bermuda. And Soros Finance Inc. was set up in Panama. It's there that the law firm Mossack Fonseca helped the rich and powerful avoid taxes and hide their wealth. http://www.aol.com/article/2016/05/17/george-soros-panama-papers-hillary-clinton/21379016/
  • Ford chairman met with Trump over 'infuriating' Mexico comments

    10/05/2016 12:36:39 PM PDT · by 2ndDivisionVet · 130 replies
    Reuters ^ | October 5, 2016 | David Shepardson
    Ford Motor Co (F.N) Executive Chairman Bill Ford Jr. said on Wednesday he has met with Donald Trump to talk about the Republican presidential candidate's extensive criticism of the automaker's investments in Mexico. Ford told the Economic Club of Washington that he thought Trump's criticism of the No. 2 automaker's foreign investments were "infuriating and "frustrating" because of the company's extensive investments and employment in the United States. Trump has threatened if elected to impose hefty tariffs on Ford imports from Mexico. Ford told reporters after the event that the session with Trump was a "great meeting" that took place...
  • Will GOP candidate(Cruz) go from H-1B supporter to visa critic to...? (Fiorina Huge H1B Supporter)

    04/27/2016 7:12:56 PM PDT · by xzins · 58 replies
    Computer World ^ | Apr 27, 2016 | Patrick Thibodeau
    Cruz's decision Wednesday to add former Hewlett-Packard CEO Carly Fiorina (and one-time GOP presidential candidate herself) as his running mate if he wins the nomination, may make his newly found H-1B beliefs a hard sell. At HP, Fiorina was a prominent supporter of the offshore outsourcing model, said Ron Hira, an associate professor of public policy at Howard University, who wrote about Fiorina's approaches in his book, Outsourcing America. "To pump up profits, she was an early adopter of the practice, which given HP's status as a leading Silicon Valley firm, pushed other firms to adopt offshoring," said Hira. "It...
  • Verizon is offshoring jobs, records say [moving call center and IT work overseas]

    04/19/2016 3:02:41 PM PDT · by SeekAndFind · 50 replies
    IT World ^ | 04/19/2016 | Patrick Thibodeau
    A key issue raised by labor unions in their weeklong strike against Verizon is the offshoring of work. The unions say Verizon has plans to send more jobs overseas. Verizon isn't saying what it is doing in this respect, but there is a paper trail of documents filed by its employees that point to offshoring. The union contends that Verizon wants, in a labor contract, to shift more jobs to contractors. Nearly 40,000 Verizon workers are on strike. "They want the ability to contract work -- as much as 50% -- the great majority of that is offshore," said Marilyn...
  • Panama Law Firm’s Leaked Files Detail Offshore Accounts Tied to World Leaders

    04/04/2016 9:45:35 AM PDT · by Lorianne · 21 replies
    New York Times ^ | 03 March 2016 | Mmichael S. Schmidt, Steven Lee Myers
    A group of news media outlets published articles on Sunday based on what they said were 11.5 million leaked documents from a Panama law firm that helped some of the world’s wealthiest people — including politicians, athletes and business moguls — establish offshore bank accounts. The German newspaper Süddeutsche Zeitung said its reporters had obtained the documents from a confidential source. The newspaper then shared the files with other media organizations, like The Guardian and the International Consortium of Investigative Journalists. In an article, the investigative journalism organization said the documents revealed the offshore accounts of 140 politicians and public...
  • IBM to erase 14,000 people from the payroll – Wall St analyst

    03/12/2016 6:45:37 AM PST · by snarkpup · 137 replies
    The Register ^ | 10 Mar 2016 at 16:05 | Paul Kunert
    Jobs to be bundled on a plane and flown to lower labour cost countries ... He highlighted a $1bn Japanese tax gain Big Blue has received, and pointed out that in the past the company had matched the proceeds from dispositions or IP sales with workforce restructuring expense.
  • Sen. Durbin calls Abbott Labs' IT layoffs 'harsh and insensitive’

    03/07/2016 6:04:07 AM PST · by C19fan · 96 replies
    Computer World ^ | February 29, 2016 | Patrick Thibodeau
    Abbott Labs, a global healthcare company, is laying off about 180 IT employees after signing an agreement with Wipro, a major India-based IT services firm, to take over some IT services. The employees were told about the planned cuts on Feb. 22; their last day will be April 22.
  • The brutal economic truth behind the rise of Trump

    03/02/2016 6:42:44 AM PST · by dirtboy · 18 replies
    MSN.com ^ | 3/2/2016 | Anthony Mirhaydari
    -- snip -- If his appeal was based on his language and bluster, America would have elevated someone like Howard Stern or Ann Coulter long ago. If his appeal was based on foreign policy concerns, why isn't a military general leading the charge? It's the economy, stupid! And the fact is that real, median household income peaked at nearly $58,000 back in 1999 and has been sliding ever since, standing now at just $53,657. This can all be summarized in two charts: The relationship between corporate profitability and labor's share of income shown above. Cheap laborers (both undocumented unskilled and...
  • The U.S. Must 'Reshore', Not Offshore Jobs: The money, people, training and jobs are all there.

    12/23/2015 7:54:47 AM PST · by SeekAndFind · 12 replies
    RCM ^ | 12/22/2015 | Chase Norlin
    Every major presidential candidate, even those most beholden to Wall Street, says he or she opposes the offshoring of American jobs. Like vows to "defeat ISIS" and "repair our crumbling infrastructure," the nationalist cri de couer against "shipping jobs overseas" has become a bipartisan catchphrase of the 2016 race. But political rhetoric is one thing and economic reality is another. Offshoring has become an effective way for U.S. companies to build and manage their products and services. Look at Apple Computer. Except for the Mac Pro personal computer, possibly the best company in the history of American business doesn't produce...
  • Baby boomers are what’s wrong with America’s economy

    11/06/2015 8:07:55 AM PST · by MadIsh32 · 188 replies
    Washington Post ^ | 11/05/2015 | Jim Tankersley
    If anyone deserves to pay more to shore up the federal safety net, either through higher taxes or lower benefits, it’s boomers — the generation that was born into some of the strongest job growth in the history of America, gobbled up the best parts, and left its children and grandchildren with some bones to pick through and a big bill to pay. Politicians shouldn’t be talking about holding that generation harmless. They should be asking how future workers can claw back some of the spoils that the “Me Generation” hoarded for itself.
  • US On Road To Third World — Paul Craig Roberts

    10/31/2015 7:49:39 AM PDT · by Riflema · 64 replies
    Paul Craig Roberts (via Zerohedge) ^ | 10/29/15 | Paul Craig Roberts
    On January 6, 2004, Senator Charles Schumer and I challenged the erroneous idea that jobs offshoring was free trade in a New York Times op-ed. Our article so astounded economists that within a few days Schumer and I were summoned to a Brookings Institution conference in Washington, DC, to explain our heresy. In the nationally televised conference, I declared that the consequence of jobs offshoring would be that the US would be a Third World country in 20 years. That was 11 years ago, and the US is on course to descend to Third World status before the remaining nine...
  • Clinton Was For Outsourcing Before She Was Against It [offshoring]

    10/14/2015 7:36:18 AM PDT · by ConservingFreedom · 3 replies
    Washington Free Beacon ^ | October 13, 2015 | Bill McMorris
    One of Hillary Clinton’s biggest supporters attempted to spin the Democratic frontrunner’s long history of supporting outsourcing ahead of the first Democratic primary debate.Former Michigan Democratic Gov. Jennifer Granholm, a top executive at pro-Clinton Super PAC Correct the Record, told MSNBC that Clinton opposed the Trans-Pacific Partnership (TPP), President Obama’s trade deal with a dozen Asian countries, because of her opposition to outsourcing.“She doesn’t want to be party to the continual offshoring of American jobs,” Granholm said. “She has seen that. That’s what she saw when she was representing New York up in Buffalo when they lost jobs.”However, as a...