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GE moving X-ray business to China

Job does not exist, people when they find themselves loosing an argument often times pull random numbers and facts out of their ass...
dammit man, i knew it was too good to be true....
 
I can't blame the company one bit for taking the money, if the government is stupid enough to give it to them.

It's like when your wife cheats on you. Who do you blame the most? Him for taking the *****, or her for giving it up, to begin with? I would place most of the blame with her.

Yes, but at the same accord we hear the same tired montra of "punishing the rich" and if we just gave more "tax breaks" we'd get more jobs. But that didn't pan out, did it? They took our money and then when they were in the place to repay, they renigged instead. So **** them. Next time, their company can suffer the slings and arrows of the economy and if they come running again with their hands out, we should tell them "tough titties". Let the market kill them off, there will be another company to take its place. Too big to fail? We shall see.
 
I do not think it unreasonable to add tariffs and such to account for differences in environmental and labor laws. Clean companies and fairly paid employees are expensive.

That would certainly be one way to deal with this issue. I figured it would be better to make adherence to our environmental laws a condition of doing business in the world's biggest economy, but this is probably a more practical solution.
 
75$ dollars an hour to clean toilets? where can one apply for this job?

Join the UAW. Obama bailed them out, so you oughta be good to go.
 
Μολὼν λαβέ;1059688190 said:
obama-sponsors-ge-google-msnbc-microsoft-ap-associated-press-bailout-stimulus-golf-sad-hill-news.jpg


Wasn't/Isn't G.E.’s chief executive, Jeffrey Immelt, the chairman of the President’s Council on Jobs and Competitiveness? I guess he's getting out before he has to start paying taxes. This should be great for the 2012 campaign. Even paying no taxes could keep Obama's business buddy from moving business interests to China.

GE's slogan should read: Progress to China is our most important product.

images

Obama's been in the back pocket of GE for awhile now ... and GE have already profited by it .. . now they are just hedging their bets because they aren't sure they can get him elected again
 
Yes, but at the same accord we hear the same tired montra of "punishing the rich" and if we just gave more "tax breaks" we'd get more jobs. But that didn't pan out, did it? They took our money and then when they were in the place to repay, they renigged instead. So **** them. Next time, their company can suffer the slings and arrows of the economy and if they come running again with their hands out, we should tell them "tough titties". [/b]Let the market kill them off, there will be another company to take its place. Too big to fail?[/b] We shall see.

I will kiss your ass, if you post the link to any post, of mine, where I said that the rich need more tax breaks. There's an additional ass kissin', if you post the link to any post of mine where I approved of bailing out any company.

Now, get busy, you're going have to fix a lunch for this one.
 
Obama's been in the back pocket of GE for awhile now ... and GE have already profited by it .. . now they are just hedging their bets because they aren't sure they can get him elected again

Oh, they know that mother****er isn't getting re-elected. :rofl
 
It's more of the same story. Corporatism. Corporations are loyal to the strong currency! It's good business! It's good for shareholders! Oh, I forgot, they have more rights than living, breathing voting citizens because we only get one vote for a Representative or Senator but they can own their own. That'd be lotsa votes, eh?
 
I think this is a good move. A nation of 1biilion and a developing market. If GE doesn't move in and capture the market someone else will.

GE said it doesn't expect the move to result in any job losses in the U.S., where the unit has been based in Waukesha, Wis. The Wisconsin X-ray division has 120 employees. The company also said it is too early to say how many employees it will hire for the unit's new Beijing headquarters.

"As the company grows more global, it's increasingly important for us to become close to our customers," Ms. LeGrand said, adding that she expects 20% to 25% of GE Healthcare's X-ray products to be developed in China during the next three to five years for sale around the world.

As China's market has boomed for a range of products, a small but growing number of companies have moved senior executives to the country or sent them for extended stints. Intel Corp. in May said Sean Maloney, one of its best-known senior executives, would move to China from Silicon Valley to oversee the chip giant's operations here. Bayer AG unit Bayer Healthcare moved its general medicine headquarters from Germany to Beijing in March, and Starwood Hotels & Resorts Worldwide Inc. of the U.S. temporarily moved its headquarters to Shanghai for five weeks starting last month.

GE has long placed high hopes on China, with CEO Jeffrey Immelt in 2008 calling it the company's "second home market." In January, the company finalized a deal with state-owned Aviation Industry Corp. of China to inject much of GE's civilian avionics business into a 50-50 joint venture based in China.

The U.S. conglomerate has struggled to achieve its growth ambitions in China, though. GE's revenue in the country totaled $5 billion last year, down from $5.3 billion in 2009 and short of the $10 billion the company had targeted for 2010. The company expects its health-care revenue in China to rise 20% annually through 2015, from about $1 billion in 2010. Ms. LeGrand declined to disclose revenue figures for GE Healthcare's X-ray business in China or globally.

GE Healthcare, known largely for its diagnostic equipment such as CT scans and magnetic-resonance-imaging machines, has been increasingly focused on growth in emerging markets such as China, where governments are spending to beef up medical care. In China, where it employs some 700 engineers, it is focusing on developing more affordable products aimed at inland and rural community health clinics.

Last year, GE invested a total of $2 billion in China, $500 million of which was allocated to what it calls customer innovation centers. Ms. LeGrand said most of that chunk was for the X-ray business. GE Healthcare last year launched the Brivo CT, a scaled-down CT scanner for use in China's less-developed primary-care hospitals, and in 2009, it rolled out a lower-cost digital X-ray device called the Linglong for China.

China's central government increased its budget for spending on public health by 16% this year to $26 billion. In March, it allocated 76 billion yuan ($11.78 billion) to improving health-insurance coverage and increased insurance subsidies to 200 yuan a person, up from 120 yuan.

GE Moves X-Ray Leaders to Beijing - WSJ.com
 
It's more of the same story. Corporatism. Corporations are loyal to the strong currency! It's good business! It's good for shareholders! Oh, I forgot, they have more rights than living, breathing voting citizens because we only get one vote for a Representative or Senator but they can own their own. That'd be lotsa votes, eh?

it's even better when you get to own the President
 
But, we have an immature regime in power.

Right, as evidenced by its threat to blow the economy's head off if it doesn't get everything it wants, plus a trip to Disney World. Oh wait ... that's the republicans.
 
Hmm .. GE can move a plant to China … but Boeing can't build a 2nd plant in SC, one that would lose no jobs in Washington state and create 12,000 in SC...... just sometimes seems like there is no real consistency in our policy, I guess if Boeing had decided to build the 2nd line in China .. it would have been deemed okay.
 
Obama all things to the conservatives

He hates big oil

yet is in the pocket of BP

He wants to end drilling in the gulf yet gives BP and some other oil cos some exemptions

He hates big business, the banks yet is in the pocket of them doing their bidding

The contradictions within ones mind to spew out this type of nonsense must be quite painfull ( or require a very simple mind
 
Right, as evidenced by its threat to blow the economy's head off if it doesn't get everything it wants, plus a trip to Disney World. Oh wait ... that's the republicans.

Republicans launched Obamacare, killed the oil and gas industry and is threatening to crush the economy, if they can't raise taxes? I didn't know that!
 
Obama all things to the conservatives

He hates big oil

yet is in the pocket of BP

He wants to end drilling in the gulf yet gives BP and some other oil cos some exemptions

He hates big business, the banks yet is in the pocket of them doing their bidding

The contradictions within ones mind to spew out this type of nonsense must be quite painfull ( or require a very simple mind

Got a list of those exemptions that Obama gave to the oil companies?

Can't wait to see this!
 
Obama all things to the conservatives

He hates big oil

yet is in the pocket of BP

He wants to end drilling in the gulf yet gives BP and some other oil cos some exemptions

He hates big business, the banks yet is in the pocket of them doing their bidding

The contradictions within ones mind to spew out this type of nonsense must be quite painfull ( or require a very simple mind

The only painful thing is reading this kind of nonsense. Obama did not accept corporate campaign donations. If employees of BP chose to donate to his campaign that's another matter. Was he supposed to contact each of the millions of people donated and ask where they worked? He never said he wanted to end drilling in the Gulf. What he said was that drilling should stop until safety concerns raised by the BP disaster were studied. He doesn't hate big business -- that's a wingnut talking point. He is not in big banks' pocket. He is attempting to implement financial reform to reregulate banks, and he is attempting to implement consumer protections to prevent working stiffs from being taken advantage of. Republicans are fighting tooth and nail to water down both efforts, as they ARE in the banks' pockets.
 
Fair enough. But the reality is still that this trend in global business to favor China is something beyond anyone's control, its just the free market at work and business seeking lower operating costs. It goes well beyond government involvement and into what individual people will accept as a job. On top of that do we really want to reduce ourselves to wage levels in China just so we can compete for these types of industries? Because mind you that its not all industry that moving, its mostly industry that relies on an uneducated work force. The unemployment rate for people who have bachelor's or master's degrees in the US is still very low, the way to compete in the future is education and jobs/careers which require education.

It isn't completely out of anyone's control. Let's be clear up front also. Those going to China who work for GE are still going to make some major money. Obama had some great idea on how to keep jobs here when he ran for president but he's tossed them aside.

Enacting tarrif's is a losing proposition. Taxing companies that send jobs overseas at a higher rate isn't.

What I see is this, either we get more educated and get more competitive. OR we slash wages, government benefits, safety standards etc, work conditions, our standard of living and march back into the 20's in terms of wages, benefits, standards etc just to compete with China and other developing economies. Well we'll undoubtedly have to do a bit of both, some slashing but invest in education as much as we can. That way we can preserve our standard of living and continue to increase it because we'll have the skills and knowledge to justify it, and yes we'll have to buy toasters from China.

We are not losing jobs to China because they are better educated.
 
It isn't completely out of anyone's control. Let's be clear up front also. Those going to China who work for GE are still going to make some major money. Obama had some great idea on how to keep jobs here when he ran for president but he's tossed them aside.

Enacting tarrif's is a losing proposition. Taxing companies that send jobs overseas at a higher rate isn't.



We are not losing jobs to China because they are better educated.

The Chinese are rapidly becoming very well educated (at least those around the eastern seaboard)

The Chinese are gaining skills and the training to do what ever we can do in the west. The amount they are behind in technological development levels has been cut drastically
 
Got a list of those exemptions that Obama gave to the oil companies?

Can't wait to see this!

Dude, oil companies get like 8 billion a year in subsidies and tax cuts.
 
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