Received: from [204.15.132.187] (port=52541 helo=roadtocriisis.com) by stodi.digitalkingdom.org with esmtp (Exim 4.87) (envelope-from ) id 1cEg5q-0004GC-Nz for lojban@lojban.org; Wed, 07 Dec 2016 09:33:26 -0800 Date: Wed, 07 Dec 2016 10:50:06 -0700 Mime-Version: 1 Message-ID: <82022836972420414643u22836972_lojban@lojban.org-dy> To: Content-Type: text/html; charset=us-ascii Content-Transfer-Encoding: 7bit Subject: Top-story you must-read: Do not deposit-money in your bank again, 22836972 From: "Tom Munoz" X-Spam-Score: -0.4 (/) X-Spam_score: -0.4 X-Spam_score_int: -3 X-Spam_bar: / An amazing thing is good
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First came Ford and Carrier. Now Boeing and SoftBank are experiencing the power of Donald Trumps Twitter feed. The president-elect jumped into corporate affairs again Tuesday, tweeting first to criticize one company and then to hail another. He began at 8:52 a.m. New York time by calling out Boeing Co. over costs to develop new Air Force One jets. Just over five hours later he celebrated a 50 investment in the U.S. by Japanese telecommunications firm SoftBank Group Corp. The tweets, coming after Trump last week announced a deal with United Technologies Corp. to cancel plans to close a U.S. factory, dominated news and moved markets even as details in both cases remained sketchy and the impacts unclear. Trump again showed a willingness to use his bully pulpit to criticize or congratulate companies over actions affecting American workers and government spending. ???This is extraordinary,??? said Mohan Tatikonda, a professor at Indiana Universitys Kelley School of Business. ???For a president to get involved at the level of spot locations, spot companies, spot plants, is I think unprecedented.??? Stock Moves The president-elects moves had consequences for the market, with Boeing falling as much as 1.5 percent before regular trading Tuesday. The shares rose less than 0.1 percent to 152.24 at the close in New York. SoftBanks American depositary receipts climbed 3 percent to 30.99. Sprint Corp., which is controlled by SoftBank and is the No. 4 U.S. wireless carrier, rose 1.5 percent to 8.17 at the close. T-Mobile US Inc., which has long been mentioned as a possible merger partner for Sprint, rose 1.8 percent to 55.99 on speculation that SoftBank Chief Masayoshi Sons pledges could aid an eventual deal. A president whos too eager to pick winners and losers may prompt business owners to seek special treatment in Washington instead of focusing on improving operations, said Anne Krueger, an economics professor at Johns Hopkins Universitys School of Advanced International Studies. ???The rule of law is what prevents crony capitalism, and the minute you have the president-elect, politicians or bureaucrats meeting with business owners to dispense special favors it unlevels the playing field,??? said Krueger, a former first deputy director of the International Monetary Fund. ???We all ought to be screaming now because if we dont, were going to be a third-world country before we know it.???
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