Word: costs
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...American workers to sell them. None of those facts are visible in the trade statistics, yet they are real. And take a company like Schnitzer Steel of Oregon, a once regional company that collects and sells scrap metal. Had it not been for Chinese demand driving up the cost of scrap, Schnitzer would not have seen the soaring profits that allow it to employ more than 3,000 people. Or consider the Greek-American businessman I sat next to on a long flight to Hong Kong who was able to turn his small wedding boutique into a regional chain with...
Other than complain, there's little either can do to halt this integration. Punitive tariffs backfire. The Obama Administration's 35% tariff on imports of Chinese tires potentially hurt Goodyear's operations in Ohio because the company had developed a cost structure that uses production in China as a way to maintain its U.S. operations. China threatened to retaliate with tariffs on U.S. chicken parts. If tires and chicken parts are the worst of it, so much for trade wars...
...renowned for The Matrix. Its $13.1 million three-day gross was considerably below not only V for Vendetta but the widely reviled (and, take one stubborn critic's word for it, visually enthralling) Speed Racer. The only upside for Old Dogs and Ninja Assassin is that they didn't cost much to make: $35 to $40 million each...
...Then, mysteriously, the pipeline that delivers gas from Turkmenistan to Russia blew up. Turkmen officials blamed Russia, claiming it had shut the valve on its end, causing pressure to build up and the pipeline to burst, in order to avoid honoring its gas contracts. Moscow strongly denied responsibility. The cost to Turkmenistan in lost gas revenues has been a staggering $1 billion per month. (Read: "Europe Tries to Break Its Russian Gas Habit...
...multi-part plan to cut sources of phosphorous. It calls for the construction of 15 sewage-treatment plants, a government-led conversion to organic farming for 80% of farmers in the lake's watershed during the next three years, and for educating residents and tourists about the environment. The cost: about $350 million, a huge expenditure for an impoverished country. "The problem has been accumulating for years but Guatemala has other expensive problems and, apparently, this was not a priority," says Margaret Dix, a Universidad Del Valle scientist who has studied the lake since 1976. "It needs money, input...