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

Ghana Premier League: Hearts earn victory at Bechem

Posted on August 28, 2020Categories yaqgzozfTags , , , , , , , , , , ,   Leave a comment on Ghana Premier League: Hearts earn victory at Bechem

first_imgHearts of Oak earned  a narrow 1-0 win over Bechem United in the Ghana Premier League’s Saturday only game. Youngster Thomas Abbey netted from close range to bag his fourth goal of the season at the Gyeabour Park in the Brong Ahafo Region.Bechem were boosted by their victory at Aduana while Hearts preparations suffered a setback as influential midfielder Emmanuel Hayford and defender Reuben Gnage were ruled out.David Duncan named Selasi Adjei and Cobbinah in attack and their partnership yielded fruits when Cobbinah prodded home a fabulous effort to keep his scoring run in Hearts’ last three games.Moro Abubakar’s influence in the middle caused more problems for Miroslav Bogdanovic’s side to initial attacks while Romeo Agban and Thomas Abbey had the free will to torment the hosts’ defence.Under the second minute, a Stephen Tetteh pass found Selasi the box but the former Amidaus man’s effort went just wide. But the next minute, the game’s only goal arrived. The artistry of Agban lubricated the visitors defence laying a squad pass for Selasi who flicked to Abbey whose calmness allowed him to pick his spot remarkably.Bechem tried to fight back just two minutes after the opener but Philemon McCarthy became the difficult for them.Bechem could have levelled on the stroke of full-time but McCarthy produced a more classier save to keep the Phobians in the lead. The introduction of Oleenu Ashitey even caused further problems for the home side as his great tenacity made things had for the Bechem defence.last_img read more

Man United table improved Mkhitaryan bid, Inter Milan chief wants Payet – GOSSIP

Posted on December 29, 2019Categories znvbmgteTags , , , , , , , , , , , , , ,   Leave a comment on Man United table improved Mkhitaryan bid, Inter Milan chief wants Payet – GOSSIP

first_imgHere’s all the top transfer-related stories in Wednesday’s newspapers…Following England’s shambolic Euro 2016 exit, the man charged with picking the Three Lions’ next manager, Football Association chief executive Martin Glenn, admitted: “I’m no football expert.” – FULL STORY HEREArsenal boss Arsene Wenger is at the top of the FA’s list of candidates to replace Roy Hodgson in the England dugout. (Daily Star)In the meantime, England Under-21 boss Gareth Southgate could be in temporary charge of the senior team for up to a year until the right permanent boss becomes available. (Daily Mirror)Manchester United have made an improved offer of £35million for Borussia Dortmund attacking midfielder Henrikh Mkhitaryan. (Kicker)Manchester City boss Pep Guardiola is hoping to complete moves for Everton defender John Stones and Celta Vigo striker Nolito this summer. (Manchester Evening News)Inter Milan honorary president Massimo Moratti has called on the club to sign West Ham’s Dimitri Payet after new Chinese owners handed the club huge transfer funds. (Daily Mirror)Premier League champions Leicester City are in pole position to sign Ireland winger Robbie Brady from Norwich. (The Sun)New Everton boss Ronald Koeman is interested in signing Rennes winger Kamil Grosicki. (Liverpool Echo)Crystal Palace could miss out on Belgian striker Michy Batshuayi, despite bidding more than £30m for the 22-year-old. The Marseille player is adamant about joining a Champions League club. (Croydon Advertiser)Batshuayi could instead sign for the Eagles’ London rivals Tottenham. (Daily Mail)Instead, Palace are ready to trigger Andros Townsend’s release clause and sign the 24-year-old England winger this summer. (Chronicle)And here are the latest talkSPORT.com headlines…Harry Redknapp tells the FA: ‘Glenn Hoddle is the PERFECT man for the England job’‘England have NO IDENTITY!’ – Harry Redknapp EXCLUSIVE on ‘bitterly disappointing’ Euro 2016 exit and Roy Hodgson’s failings‘Iceland defeat should be the catalyst for change’ – LISTEN to a passionate Stuart Pearce after England’s humiliating Euro 2016 exitTransfer report: Juventus confident of landing Southampton striker Graziano Pelle ahead of EvertonJuventus new boy Dani Alves expects Paul Pogba to reject Manchester City, Manchester United and Real Madrid interestReal Madrid move to tie down Jese to new deal amid interest from Chelsea and Manchester UnitedLeicester transfer news: Foxes make formal approach for Barcelona full-back Aleix VidalManchester United transfer news: Red Devils end interest in Neymar as Brazilian commits future to BarcelonaArsenal and Manchester United transfer boost! Agent claims target Gabriel Jesus wants Europe move 1 Transfer rumours and paper review last_img read more