Trump offers Tim Cook 'incentives' to make iPhone in US

[ckaihatsu]

https://www.cnet.com/news/donald-tru...es-iphones-us/


CNET Tech Culture Trump offers Tim Cook 'incentives' to make iPhone in US

Trump offers Tim Cook 'incentives' to make iPhone in US

Technically Incorrect: In his sit-down with The New York Times, the president-elect describes his version of a call with the Apple CEO.

Trump offers Tim Cook 'incentives' to make iPhone in US 30

Tech Culture

Chris Matyszczyk mugshot
by Chris Matyszczyk

November 23, 2016 10:30 AM PST

@ChrisMatyszczyk

gettyimages-621865270.jpgEnlarge Image

He wants to do a deal with Apple?

Photo by Joe Raedle, Getty Images

Donald Trump has a lot of talking to do these days.

It's heartening, then, that he's good at it.

During his highly informative meeting with The New York Times on Tuesday -- happily live-tweeted by Times journalists -- Trump touched on the phone calls he'd had with two prominent tech figures, Tim Cook and Bill Gates.

He was more expansive about his phone call with Cook. He said the Apple CEO had called him, presumably to congratulate him and explain why he didn't help fund the Republican Convention.

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Trump related their conversation like this: "I said, 'Tim, you know one of the things that will be a real achievement for me is when I get Apple to build a big plant in the United States, or many big plants in the United States, where instead of going to China, and going to Vietnam, and going to the places that you go to, you're making your product right here.'"

What might Cook have replied? Trump said Cook showed understanding, which sounds a little short of gleeful enthusiasm.

So Trump pressed his case. He said he told Cook:"I think we'll create the incentives for you, and I think you're going to do it. We're going for a very large tax cut for corporations, which you'll be happy about."

Which corporation wouldn't delight in a tax cut? After all, it's awkward having to maneuver your money through Ireland, in order not to pay heavy taxes for bringing it back to the US.

One small issue, however, is whether iPhones would cost a lot more if manufacture was returned to the motherland.

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But Trump had more to offer Cook. He said he also offered to deregulate, well, a lot of things.

He said: "Whether you're liberal or conservative, I mean I could sit down and show you regulations that anybody would agree are ridiculous. It's gotten to be a free-for-all. And companies can't, they can't even start up, they can't expand, they're choking."

Apple didn't immediately respond to a request for confirmation or comment on Trump's version of the call.

One can imagine, however, that Cook doesn't yet warm to a president-elect who suggested boycotting Apple products after Cupertino refused to hack an iPhone issued to one of the San Bernardino terrorists.

Trump, though, isn't the only political figure who believes Apple should produce more in the US. (It does make Mac Pros and some iPhone components here.) Sen. Bernie Sanders is another who wants Apple to return manufacturing here.

Perhaps the most heartening thing for those who would like to see hearty Apple-Trump relations is that the president-elect seems to be taking on a more pragmatic, deal-making tone.

During the election campaign he was a little more forceful about Cupertino's renegade nature. In a speech at Liberty University, he said: "We're going to get Apple to build their damn computers and things in this country instead of in other countries."

Those of jaundice and bitterness will huff that Trump may stand to personally benefit from Apple's continued success. After all, he's declared that he owns millions of dollars of Apple stock.

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The president-elect explained to the Times that there is no cause for concern.

"The president can't have a conflict of interest," he said. This is what I believe in business they call a win-win situation.

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[Antiochus]

Trump and his administration seem to want to basically continue Neo-liberalism without having to call it neo-liberalism. Bit busy so I'll just leave this relevant quote, though many people have already said similar phrases:

A letter from Bishop Nikon himself, published in Yeniseiskaya Mysl,^[1] gives a clear answer to this. It stands to reason that Bishop Nikon dare not speak openly about the reasons for his withdrawal. But Bishop Nikon, quoting a letter from a peasant, does write: “The land, bread and other important questions of our Russian life and of the region do not appear to reach either the hands or the hearts of the authorities or the Duma. These questions and such solution of them as is possible are regarded as ‘utopian’, ‘hazardous’, untimely. Why do you keep silent, what are you waiting for? For moods and revolts for which those same ‘undernourished’, hungry, unfortunate peasants will be shot down? We are afraid of ‘big’ issues and reforms, we limit ourselves to trivialities and trifles, good though they may be.”

[....]

But reality will win through, and out of ten in any village who think as Bishop Nikon does, nine will, in the long run, most likely prove less obtuse in mastering the lessons of life than the bishop.

---

This I think, should not be lost. The wind may sway 'left' or right with trivialities, but materially speaking, right-wing scum can never "solve" these deep seated social antagonisms and in the long run only expose themselves as nothing but charlatans. It needs then to fall on us, and only us, to give them an answer worth hearing.

[ckaihatsu]

---

The shift in US economic policy, exemplified in the Trump agenda of economic nationalism, is also compounding the problems faced by the ECB in seeking to contain the mounting crisis of the Italian banking system. Italian banks have on their books some €360 billion of bad debt, of which €200 billion is classified as non-performing loans.

The scale of the financial breakdown is indicated by the share values of two major banks in the Veneto region, one of the more prosperous areas of the country, reported by the Financial Times this week. In the case of one of the banks, the share price had fallen from €40.75 in 2014 to 10 cents today. In the other, the share price crashed from €62.50 to 10 cents.

The country’s banking system could suffer further destabilisation if Prime Minister Matteo Renzi loses a constitutional referendum on December 4. The “no” vote is being championed by right-wing populist parties that will have been strengthened by the Trump victory in the US. There are fears that if the “no” vote prevails and Renzi resigns, as he has threatened, this will lead to a political crisis, sparking financial instability.

But the Italian crisis is only one manifestation of a very large financial ice-berg. As the ECB report noted, “[T]he main structural challenges for bank profitability continue to be related to the large stock of non-performing loans in a number of countries,” coupled with “overcapacity in some euro area banking sectors.”

This is a legacy of the decision taken by the European financial elites following the 2008 financial crisis not to carry out a purge of the banking system and instead seek to contain the problems through central bank intervention, in the hope that higher economic growth would enable the financial system to gradually recover. That growth has not occurred and the financial malaise has been compounded.

http://www.wsws.org/en/articles/2016.../pers-n26.html

[ckaihatsu]

12/3/2016 Sarah Palin slams Trump for Carrier deal - Business Insider

http://www.businessinsider.com/palin...r-deal-2016-12 1/3



Sarah Palin.
Kris Connor/Getty Images

'Republicans oppose this, remember?':

Sarah Palin slams Trump for 'crony capitalism' Carrier deal

ALLAN SMITH
15H

Sarah Palin criticized President elect Donald Trump on Friday for a deal he struck with Carrier this week, condemning it as "crony capitalism."

In an op ed for the Young Conservatives website, Palin wrote that Republicans oppose the kind of government deal making Trump and Vice President elect Mike Pence made with the company to keep approximately 1,100 jobs at an Indianapolis plant from migrating to Mexico, joining in with a chorus of conservatives who
have said it violates free market principles.

"Foundational to our exceptional nation’s sacred private property rights, a business must have freedom to locate where it wishes," wrote Palin, the 2008 Republican vice presidential nominee. "In a free market, if a business makes a mistake (including a marketing mistake that perhaps Carrier executives made), threatening to move elsewhere claiming efficiency’s sake, then the market’s invisible hand punishes."

"Thankfully, that same hand rewards, based on good business decisions," she continued. "But this time tested truth assumes we’re operating on a level playing field. When government steps in arbitrarily with individual subsidies, favoring one business over others, it sets inconsistent, unfair, illogical precedent."

The deal included the state of Indiana offering Carrier $7 million in tax subsidies over 10 years to keep some of the jobs that were planned to be exported in the state.

12/3/2016 Sarah Palin slams Trump for Carrier deal - Business Insider
http://www.businessinsider.com/palin...r-deal-2016-12 2/3

Palin wrote that the "illogical precedent" leads to special interests manipulating markets.

"Republicans oppose this, remember?" she wrote. "Instead, we support competition on a level playing field, remember? Because we know special interest crony capitalism is one big fail."

She continued, adding that the "picking and choosing" which companies receive "corporate welfare" is roiled by fiscal conservatives and is a "hallmark of corruption" and "socialism."

"A $20 trillion debt ridden country can’t afford this sinfully stupid practice, so vigilantly guard against its continuance, or we’re doomed," she said, adding, "However well meaning, burdensome federal government imposition is never the solution. Never. Not in our homes, not in our schools, not in churches, not in businesses."

Noting that she said you "gotta' have faith the Trump team knows all this," she said she'd be "the first" to say that the concerns are "unfounded" once the terms of the deal are made public, if those terms disprove her allegation of "crony capitalism." Earlier in the op ed, she also said she was "ecstatic" for Carrier employees.

"But know that fundamentally, political intrusion using a stick or carrot to bribe or force one individual business to do what politicians insist, versus establishing policy incentivizing our ENTIRE ethical economic engine to roar back to life, isn’t the answer," she wrote, adding, "The lines strangle competition and really, really, dispiritingly screw with workers’ lives."

Palin announced her support for Trump in a lengthy speech earlier this year, and is currently under consideration by Trump for a cabinet position.

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12/3/2016 Sarah Palin slams Trump for Carrier deal - Business Insider
http://www.businessinsider.com/palin...r-deal-2016-12 3/3