Whirlpool has American consumers in a spin cycle

Posted on October 20, 2020Categories cclgspqzTags , , , , , , , , , , ,   Leave a comment on Whirlpool has American consumers in a spin cycle

first_imgSears is not what it was just 15 years ago, and is a shadow of what it was in the 1960s when its sales were almost 1 percent of U.S. GDP.Sears has been prostrated not by perfidious foreigners but also by America’s efficient, fairly recent “big box” retailers (Walmart, Home Depot, Best Buy, Lowe’s, etc.) and by Amazon.The real villains, however, are American consumers, with their persnickety search for high quality and low prices.The president has until February to exercise his vast discretion regarding things like washing machine imports.If you are wondering how presidents came to have such discretion to impose taxation on American consumers, you have not been paying attention to Congress’ creation, by improperly delegated powers, of the imperial presidency.George Will is a nationally syndicated columnist with The Washington Post who writes from a conservative perspective.More from The Daily Gazette:EDITORIAL: Beware of voter intimidationEDITORIAL: Find a way to get family members into nursing homesEDITORIAL: Urgent: Today is the last day to complete the censusEDITORIAL: Thruway tax unfair to working motoristsFoss: Should main downtown branch of the Schenectady County Public Library reopen? The tariff/tax, which is designed to limit the choices of, and increase the prices paid by, American consumers would be 50 percent on all imported machines, after the first 1.2 million.U.S. customers caused the importation of about 3 million Samsung and LG washers in 2016.Back in the day, Henry Ford said people could have the Model T in any color they wanted, as long as they wanted black.General Motors’ ascent was helped by offering color choices.Until recently, purchasers of washing machines had to want white ones.And ones that loaded in the top, and signaled the end of a cycle with buzzers.Then came imports in various colors, that loaded in the front, had chimes instead of buzzers, and other features. Categories: Editorial, OpinionWASHINGTON — A household appliance will be the next steppingstone on America’s path to restored greatness.The government is poised to punish many Americans, in the name of protecting a few of them, because, in the government’s opinion, too many of them are choosing to buy foreign-made washing machines for no better reason than that the buyers think they are better.If you are wondering why the government is squandering its dwindling prestige by having opinions about such things, you have not been paying attention to Whirlpool’s demonstration that it is more adept at manipulating Washington than it is at making washing machinesIn 2006, when Whirlpool was paying $1.7 billion to buy its largest competitor, Maytag, federal regulators fretted that this would give the company too much market power.Whirlpool said: Fear not, competition from foreign manufacturers such as South Korea’s Samsung and LG will keep us sharp and benefit American consumers. Now, however, Whirlpool, which is weary of competition, has persuaded the U.S. International Trade Commission to rule that Samsung and LG should be reproached for what, 11 years ago, Whirlpool said it welcomed: competition.The U.S. market for washing machines has grown 35 percent in just five years.Whirlpool’s share of this market, although not the 70 percent it was in 2006, is still more than Samsung’s and LG’s combined 35 percent.In this happy circumstance, Whirlpool is profitable.It would, however, like to be more so, and it will be if the president accedes to the commission’s unanimous recommendation and imposes a “tariff-rate quota.”This is a tax, paid by American consumers, on imports that exceed a certain quantity that, in the government’s opinion (formed with the assistance of domestic manufacturers), is excessive.If you are wondering why the government has nothing better to do than have opinions about such things, you have not been paying attention to modern government’s vast diligence on our behalf. Competition increased, and so did Whirlpool’s reliance on the government, which in 2012 imposed duties on washing machines imported from South Korea and Mexico.Samsung and LG responded rationally, by what protectionists stigmatize as “country hopping,” moving some production to China, then Vietnam and Thailand. And now to the United States.Samsung and LG have announced plans to become domestic manufacturers.Samsung will open a manufacturing plant, with approximately 1,000 employees, in Newberry, South Carolina. LG’s plant will be near Clarksville, Tennessee.Before Whirlpool became dependent on government, it depended on Sears, which in the 1920s threw a financial lifeline to a struggling appliance manufacturer, Upton Machine Co., that became Whirlpool.According to The Wall Street Journal, as recently as 2002, when Sears sold 40 percent of the major appliances bought in America, sales through Sears generated about a fifth of Whirlpool’s revenues.In October, Sears announced that it would stop selling Whirlpool brand products because Whirlpool is powerful enough to make pricing demands that “would have prohibited us from” selling those products “at a reasonable price.”last_img read more

Women’s Hockey: No. 1 Wisconsin looks to defend ranking in series versus Ohio State

Posted on September 16, 2020Categories cryfsvynTags , , , , , , , , , , ,   Leave a comment on Women’s Hockey: No. 1 Wisconsin looks to defend ranking in series versus Ohio State

first_imgWisconsin (26-1-1-0, 17-0-1-0 Big Ten) will play games against conference foe Ohio State on Friday and Saturday in Columbus, Ohio.The No. 1 University of Wisconsin Women’s Hockey team has been an unstoppable force this season.Of course, that isn’t exactly a surprise. Every season they are consistently the class of the Western Collegiate Hockey Association and the NCAA as a whole.But still, their undefeated conference record and nine shut-outs thus far in the season indicate something special — even by the Badger’s standards.Badger women’s hockey alumni poised for Olympic runThe 2018 Winter Olympics in Pyeongchang will feature four former Badger Women’s Hockey players representing the USA Olympic Team. Forwards Read…Coming up this weekend the team will put their record to the test against Ohio State in Columbus for a two-game series that begins their last six-game stretch of the season.The Buckeyes are third in the WCHA, with a conference record of 10-4-4-3, which shows they may be a bit under-ranked, as they suffer from four shootout losses. Though OSU may be better than their record, it doesn’t seem like there is much evidence they can hang with Wisconsin.Ohio State has barely outpaced their opponents in scoring this season. Their in-conference goal differential is only eight goals. Wisconsin boasts a differential six times that at a monstrous 48.It truly is futile to go down the laundry list of statistics Wisconsin blows every other team out of the water in. But hockey is hockey, and you don’t win games on paper.Women’s Hockey: Wisconsin sweeps weekend series against St. Cloud StateIn a weekend double-header in Madison, the No. 1 University of Wisconsin Women’s Hockey Team showed two sell-out crowds at Read…Despite the apparent Wisconsin advantage, Ohio State still lays claim to two of the preeminent point scorers in the conference in Emma Maltais and Tatum Skaggs.Maltais leads the conference in points per game, averaging 1.27, and is tied for the lead in total assists with Wisconsin’s Abby Roque (22). She comes into the weekend with eight points in her last six games.Skaggs leads the conference in goal-scoring (18), just edging out Wisconsin’s Claudia Kepler (17), and also has eight points in her last six games.Women’s hockey: No.1 Wisconsin to end fall campaign against St. CloudThe University of Wisconsin women’s hockey team will close out their 2017 fall campaign in St. Cloud, Minnesota. The Badgers Read…Though Wisconsin may come into the series confident, as they should be, it would be a mistake to not recognize the potential windfalls of down-playing their opponent’s scoring abilities.Puck drop will be at 5 p.m. Friday and 2 p.m. Saturday afternoon in Columbus.last_img read more

New Accomplishment for Edin Dzeko

Posted on August 16, 2020Categories yaqgzozfTags , , , , , , , , , , , , , ,   Leave a comment on New Accomplishment for Edin Dzeko

first_imgAs throughout the season, Dzeko played very well last night at the Europa league match, in which he managed to achieve the new season’s hat-trick.In celebration of Roma over Villarreal, Dzeko earned his place in the team side by side with some of the best world striker Zlatan Ibrahimovic.Dzeko has reached the incredible statistical success, and last night with three goals, he rounded his personal score to eight goals in European competitions, and a total of 28 goals scored in a season.Besides him and Ibrahimovic, good play was also seen by BiH’s national team player Danijel Milicevic, who has provided a great game in the victory of Gento over Tottenham.(Source: radiosarjevo)last_img