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Thread: GE moving X-ray business to China

  1. #291
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    Re: GE moving X-ray business to China

    Quote Originally Posted by cpwill View Post
    Ohh silly campaign promises...


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    Re: GE moving X-ray business to China

    Quote Originally Posted by Lord Tammerlain View Post
    US companies are not finding it hard to compete.
    To be blunt, you are full of ****.

    Many are doing just fine.
    And many are not.

    American labor costs, from the ground up are expensive compared to some other countries. In order to raise profits companies that can outsource due so. A 2.5% excise tax on medical equipment sold in the US is not going to cost that much in profits to a single company as it will be applied to all medical devices. Boston Scientific is cutting salaries due to high cost structures (and potentially adjusting to a cut in medicare/medicaid) It is expanding in China because China has a huge potential market, and a lower cost structure (vastly lower wages) but China also has far higher risks and levels of uncertainty then the US, you can not count on the Chinese legal system to enforce laws that should protect Boston Sci (or other companies).
    Labor costs do have an impact, just as taxes a so many regulations do.

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    Re: GE moving X-ray business to China

    Quote Originally Posted by Boo Radley View Post
    Dangerous? No. She wasn't. She would have simply been at the hospital run up a bill they couldn't pay. She believed her daughter had cancer, fixated on a condition that ahd no symptoms, thus no way to prove lack of the cancer to her. Back then there were no real medical or chemical aids to help with the phobia. Traditional treatment was failing them. She went to the er everyday, sometimes twice a day or more. He became the control.

    And yes, he had a kid with her, as there was no sign that anything like this would happen. It took them years, years to finally find some help. During that time they went bankrupt, lost everything, but were able to find peace once medicine caught up. They are not alone.

    The point is, it is easy to make a judgements when you're not wlaking in someone else's shoes. That's an old time saying. Old school thought.
    So in the end they had a rough go of it and came out O.K. That's life.

  4. #294
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    Re: GE moving X-ray business to China

    Quote Originally Posted by donsutherland1 View Post
    Many reasons including but not limited to inefficient resource utilization, misaligned compensation/retention incentives, lack of focus, lack of a robust framework for assessing outcomes/intervening early when problems are emerging, etc. Factors beyond the schools also play a role e.g., today students spend fewer hours studying outside the classroom than they do in the classroom. In the past in the U.S. and in OECD countries where educational attainment is improving, students spend more time studying outside the classroom than in the classroom (sometimes by 2:1 or greater ratio).
    You did not mention the poor curriculum, why?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: GE moving X-ray business to China

    Quote Originally Posted by 1Perry View Post
    So in the end they had a rough go of it and came out O.K. That's life.
    Yeah, got lucky. And yes, it is life. No one said otherwise. But they ahd a TV, They had a phone. They had a computer. If we judged them by that alone, we'd have missed a lot.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: GE moving X-ray business to China

    Quote Originally Posted by cpwill View Post
    Wow, a president's claim didn't come true. That's heavy ****. It mean, it never happens. Shocked I am, I tells ya.


    However, if he had the ability to control it, he would have. Same as every other politician and president. All they really do is hope it will get better so they can take credit, and hope if it doesn't, they can blame the other party. If you don't know this, I might suggest it isn't your strength either.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: GE moving X-ray business to China

    Quote Originally Posted by Boo Radley View Post
    No, because it is better for the whole. We all benefit from having people in town who own and are invest in the community. It's not a hard concept to grasp, so I'm not sure why you're going off so far afield.
    It is not better for the whole. Mainstream economics proves this. If you limit trade you limit mutually beneficial actions. That is the plain and simple truth. We cannot produce as many things without trade. Plain and simple, common sense fact. You seem to be among the world view that economic pie never grows and merely gets distributed around. How has both Chinas and the US national income continued to rise despite trade between the two countries. I would say it is because trade is mutually beneficial, but what is your take?

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    Re: GE moving X-ray business to China

    Quote Originally Posted by Boo Radley View Post
    Wow, a president's claim didn't come true. That's heavy ****. It mean, it never happens. Shocked I am, I tells ya.


    However, if he had the ability to control it, he would have. Same as every other politician and president. All they really do is hope it will get better so they can take credit, and hope if it doesn't, they can blame the other party. If you don't know this, I might suggest it isn't your strength either.


    Then perhaps instead of listening to a politicians oratory we should judge them by the quality of the character and their past experience, their accomplishments.

    What do you think qualified Barrack Obama to be President?

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    Re: GE moving X-ray business to China

    Quote Originally Posted by drz-400 View Post
    It is not better for the whole. Mainstream economics proves this. If you limit trade you limit mutually beneficial actions. That is the plain and simple truth. We cannot produce as many things without trade. Plain and simple, common sense fact. You seem to be among the world view that economic pie never grows and merely gets distributed around. How has both Chinas and the US national income continued to rise despite trade between the two countries. I would say it is because trade is mutually beneficial, but what is your take?
    No, that's not how I think at all. Mom and pop can trade with Chna just as well. We don't need large mega marts to trade. We don't have to have absentee owners, with only minimal paid employees to have a healthy economy. If fact, as I've said, it would be better for all if those who lived in the community profitted in the community. I'm not attacking trade in the way you seem to think.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: GE moving X-ray business to China

    Quote Originally Posted by Boo Radley View Post
    No, that's not how I think at all. Mom and pop can trade with Chna just as well. We don't need large mega marts to trade. We don't have to have absentee owners, with only minimal paid employees to have a healthy economy. If fact, as I've said, it would be better for all if those who lived in the community profitted in the community. I'm not attacking trade in the way you seem to think.
    So you are against large multinational companies? If so, then there are other economic reasons to support these, especially with trade. Lets start with the first point, these companies can build economies of scale. Large companies have the ability to reduce transaction costs causing the costs to make things, distribute things, etc to fall and making us again able to produce more things. Walmart has a clear advantage in the international markets than a mom and pop store, the reasons should be obvious. Not to mention, many things would fail to exist if things were only traded at the local level. Do you think every small town should have its own car maker, or x-ray maker? Does that sound efficient?

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