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  1. Need to be more discriminating in your choice of...

    Need to be more discriminating in your choice of partners, Bill?

    China has been playing a long game of both agreed and clandestine IP theft, government subsidy,etc. We'd like agree that surely...
  2. Reasonable analysis IMO. In the past, the...

    Reasonable analysis IMO.

    In the past, the way to make sure cross-border taxes and tariffs remained reasonable was by things like trade and tariff agreements. Courtesy of our current...
  3. You got the first part right. Google started...

    You got the first part right.

    Google started and is still mainly used as a search engine -- a job it still does well. It's also a very good and free email client with one of the industry's best...
  4. I've long thought that politics was a catch-up...

    I've long thought that politics was a catch-up response to what people were already doing in their daily lives, more a lagging than leading indicator. So the first answer is keep doing what I'm...
  5. He's only effective if you take his word for it....

    He's only effective if you take his word for it.

    According to Trump he was worth some $10++ billion. Not so and a trail of failed businesses, except the one (NYC real estate) where he followed...
  6. My guess is you haven't spent much time in...

    My guess is you haven't spent much time in Caterpillar, Deere, and Boeing plants? I have -- a couple dozen of them -- and they're good manufacturers, still producing much of their product in the...
  7. FWIW, the current issue of The Economist has a...

    FWIW, the current issue of The Economist has a center section devoted to global supply chains and the effect of tariffs in dismantling them. Worth a read. It's a major disruption to larger...
  8. I used to think having different parties in...

    I used to think having different parties in control of the Senate/House/Executive/Judiciary -- plus complete partisanship and gridlock -- wasn't all that bad. But there are too many real problems...
  9. Well, there's some truth to that. Finance...

    Well, there's some truth to that.

    Finance has generally put money into both Republican and Democrat campaigns, assuring access. More of their money went to Republican candidates throughout...
  10. Yeah, it's easy to bet against the French. I do...

    Yeah, it's easy to bet against the French. I do give Macron some credit for trying to restore a mix of sanity - balancing business, budget, and social needs. But with only something like a 40%...
  11. The debt we're racking up today, to slash taxes...

    The debt we're racking up today, to slash taxes mostly at the top, will be paid by a next generation. It's borrowed money.

    What IS implicit in my statement is that if a company depends on...
  12. Replies
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    I've had one of the Santa Fe "Compact"...

    I've had one of the Santa Fe "Compact" dehumidifiers running for maybe eight years. Had an initial problem with a leak at the hose outlet (it is plastic and was likely cracked in shipping or my...
  13. You seemed to have missed both points made. ...

    You seemed to have missed both points made. First, that what we're doing now (borrowing a trillion to give tax breaks and repatriating a half trillion of profits) is a one time stimulus. The sort...
  14. Keynes clearly thought that both private and...

    Keynes clearly thought that both private and public spending were stimulative. He'd have no trouble figuring that borrowing a trillion from the next generation for tax cuts or repatriating half a...
  15. Seems to me you're half right. Prior to Obama,...

    Seems to me you're half right.

    Prior to Obama, our political and regulatory climate set the stage for gambling with other people's money - and the bust to follow. In the run up to his election,...
  16. As you say, the money is a windfall. And as I...

    As you say, the money is a windfall. And as I said, it will have a short term stimulative effect -- mainly seen in current stock prices due to dividends and stock buybacks. Pretty much everyone...
  17. Seems to me the key thing separating these two...

    Seems to me the key thing separating these two notions, is the return on investment for typical US citizens (middle class, professionals, anyone adding real value to the economy)..

    The old...
  18. Here's as good a summary as I've seen on what's...

    Here's as good a summary as I've seen on what's happening with repatriated cash:

    Is Cash Still Trapped? - Strategic Finance

    Bottom line seems to be that it has almost all gone to dividends and...
  19. Not entirely sure I understand your points,...

    Not entirely sure I understand your points, Spinit - but I think there are three of them (?):

    1) (Unlike France) we don't place extra taxes on foreign companies.

    So, first of all, France is...
  20. There isn't a high rate of taxation on companies...

    There isn't a high rate of taxation on companies like Apple. And France probably isn't the poster child of "failing systems of government." Compared to the US, it has a lower budget deficit, yet...
  21. McG, there's a direct line between Friedman's...

    McG, there's a direct line between Friedman's notion that shareholders were the only stakeholders worth rewarding and guys like this:

    Martin Shkreli: A Lesson In Social Capital

    . . . Shkreli...
  22. To the original point, seems fair enough to me...

    To the original point, seems fair enough to me that France and other countries would want to count a "digital presence" by companies (Google, Facebook, Apple, Tencent, Alibaba, Baidu etc. etc.) as at...
  23. Milton Friedman. A personal point of contention...

    Milton Friedman. A personal point of contention for about the past 30 years.

    Friedman said the sole purpose of a corporation was to make profits for shareholders. Now, while capital is one...
  24. Thread: Marking my tools

    by PeteM
    Replies
    31
    Views
    2,275

    A carbide dental burr in a rotary tool will let...

    A carbide dental burr in a rotary tool will let you write or sketch on most tools - if you have a steady hand looks not so far off engraving and faster.

    Depending upon the situation (honest...
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    Cal, Not sure I'd call none of the promised tax...

    Cal, Not sure I'd call none of the promised tax returns, a personal lawyer/fixer paying or scaring off mistresses and whistle blowers; using charitable deductions for legal expenses and a giant...
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