Dairy factory upgrade to double jobs, more jobs. More profit for your farmers. The bottom line, it's a zero sum game. We want to have the lowest prices possible. We want to have the lowest taxes in the world. And it comes down to that simple. We have to go through all the government paperwork, we have to get approval from Congress, we have to go through all the environmental approvals to go to scale, so it's very expensive, and then we're not creating the jobs we need to create. We're not building our own products. We've seen a real decline in domestic manufacturing.
And, that's where they see the opportunity with the Chinese. Because if you've got all of your labor coming in from all over the world, then it makes sense. You can ship them off with higher wages. And you can get their products into your country at a lower cost.
I mean, for the last fifteen years, it has been easy to ship stuff to the other side of the globe. You can go to the other side of the world and have your jobs done. And they've got, I believe, one of the largest and most complicated factory programs, and it's all about China. And it is very different from the job-creation model, which is you build factories, you pay them fairly, and then you do the jobs in those factories. But now, with this one factory, it's just a big machine for the benefit of China. You have the Chinese people who are going to do a lot more work, it's a job creator for the Chinese people.
So it's a great business model, it's going to create good-paying jobs, you're building an asset, and the Chinese will want to export the new investment. But, they're really the middlemen in this scenario where you've got one group of people that, when you need help, are willing to invest money in this company, and you get the money, and then it's over. And then they'll buy stuff back, and the Chinese, who are going to do the jobs, will sell it for high profit, and you're not making as much. But the Chinese can do a lot of the jobs in your factory, right? So you want to make sure you get the products in before you export them to China, right?
And then when you export them, you're going to get a better return on your investment from China. You're buying a better product, better job. But they're not exporting it to the American market, so the jobs are going to be here instead. They're not going to come over here, they're going to go over there, and do the jobs that America needs, that's what's goin
Fed to bail out major us bank: Bailout banks had not given the public notice of their activities.
The banks' risk is that if they were to fail the market would suffer and they would be forced to raise capital and sell assets.
While some will insist that people are being short-changed, others will say they are being short-changed.
The government has said in its statement that it has acted to mitigate the risk.
The banking sector is under intense pressure over financial regulation, and is therefore the subject of a vigorous competition regulator, which is due to report its findings later this month.
Bank of England governor Mark Carney's remarks yesterday emphasised that the regulators are focusing on capital requirements for banks, rather than risk-aversion.
The Treasury has indicated that the UK plans to reduce the capital requirements for many banks which it believes is needed to encourage them to build up capital by increasing funding from other sources.
Heidi Alexander, the independent report's author, said it appeared the regulators had found no evidence banks were acting in "implementable ways".
Mr Carney said: "I think it's clear that it's not the case that there is any evidence that banks have been deliberately trying to cover up risks, and the bank risk assessment has said this clearly."
The government has said in its statement that it is putting "significant pressure" on the banks to make them more transparent, and to tackle their excessive lending.
"It's been clear from the start that the public had a problem with bank behaviour and the impact it could have on them.
"The fact that they now find the evidence we have of these banks being over-leveraged is a very important step in reducing the excessive lending and the risks associated with that.
"That's why I know that we're looking at steps that the government has already put in place to bring the banks in line with the law."
Mr Carney said that he was pleased that there was no evidence that bank losses were exaggerated when the risk to the banking system from a financial crisis was considered.
"The fact that there's no evidence of any such a significant loss is a positive sign," he said.