More on the plight of the American worker, “Made in America” and trade unions:
“I love my country but not trade unions. They have outlived their usefulness.
“When the unions close their doors, then and only then can I honestly vow to buy only ‘Made in America’. We would not have had to look offshore if the unions had not out-priced American products with their outdated rules and corrupt bosses.”
Our next reader agrees but with one caveat:
“I couldn’t let this one go: ‘That is an easy answer. Support Donald Trump and his agenda.’
“That would, I assume, be the same Donald Trump who has most of his products made in China or Mexico?
“As for the unions, well, yes, they got bloated and out of touch, but you do need something to counterbalance management. Other countries seem to manage this. We ought to be able to do the same.
“How you keep the unions from bloating? That I’m not smart enough to answer today.”
Feeling smart enough to tackle our reader’s question? Let us know how you think trade unions can trim the fat. And — bonus — if you’re a union man or woman yourself.
Your Rundown for Monday, Aug. 12, 2019:
Occupy Hong Kong
The big news this weekend centered around the unaccountable Jeffrey Epstein suicide but don’t miss what’s happening on the other side of the world…
“Hong Kong’s mass demonstrations and unrest show no sign of abating,” the BBC reports, “more than two months after they were sparked by a controversial extradition bill.”
This morning we learn officials have closed the Hong Kong International Airport after thousands of anti-government protesters staged a takeover of the airport.
To put the shutdown in perspective, the airport’s one of the busiest hubs in the world and certainly one of the busiest in Asia.
Hong Kong enjoys some autonomy from Beijing; that might be why the Chinese government’s not intervened… yet.
But a Chinese official says: “Hong Kong’s radical demonstrators have repeatedly used extremely dangerous tools to attack police officers, which already constitutes a serious violent crime, and also shows the first signs of terrorism emerging.
“This wantonly tramples on Hong Kong’s rule of law and social order.”
Where to from here? Another Tiananmen Square? Let us know what you think.
Market Rundown for Mon. August 12, 2019
S&P 500 futures are down 24 points to 2,894.25.
Oil is up 60 cents to $55.10 for a barrel of WTI.
Gold’s added $6.70 to its price of $1,515.20 per ounce.
Bitcoin is down $158.41 this morning to $11,393.82.
Have a good day. We’ll catch up tomorrow.
For the Rundown,