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

Tottenham hopeful of completing new stadium move ahead of season run-in in April

Posted on October 18, 2020Categories pdyqyhoqTags , , , , , , , , , , ,   Leave a comment on Tottenham hopeful of completing new stadium move ahead of season run-in in April

first_imgAdvertisement Mauricio Pochettino has been hopeful that Spurs would play at their new stadium before the end of the campaign (Getty Images)Should Spurs indeed be back at White Hart Lane for April, their first game will either be against Brighton, managed by former Tottenham player Chris Hughton on Sunday, April 7 or the following weekend against Huddersfield Town on Saturday, April 13.That would depend on whether or not Brighton successfully overcome Championship side Millwall in the FA Cup quarter-final on March 17. Should the Seagulls win that game, their semi-final would be scheduled for either April 7 or April 8 meaning their match with Spurs would have to be moved.As well as Brighton and Huddersfield, Spurs also have to play West Ham at home on April 27 and Everton on the final day of the season on May 15. There is another home game with Crystal Palace to be played too after that was rescheduled following their own progress in the FA Cup.Spurs will be hoping to play Champions League football at their new stadium as well depending on whether or not they can avoid a capitulation against Borussia Dortmund in the last-16. They hold a 3-0 advantage from the first leg ahead of the return tie in Germany on Tuesday.Before Spurs’ game against Leicester City last month, Mauricio Pochettino said: ‘My wish is to play at the new stadium before the end of the season.‘We’ll see what happens. My gut feeling is that it’s going to be tough but my wish, my hope and my dream is to finish this season playing in the new stadium.’More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal Advertisement Comment Tottenham are hoping to move into their new ground in April (Getty Images)Tottenham Hotspur are hopeful that Saturday’s 1-1 draw against Arsenal in the north London derby will be their final home game at Wembley this season as they seek to move into their new stadium in April, according to the Evening Standard.Spurs had originally hoped to be in place at their new 62,062 all-seater capacity for the Premier League game against Liverpool in September, however, issues with the safety systems in place inside the stadium has resulted in numerous delays.There is a growing sense of optimism within the club, though, that their long wait to move in will be at an end next month, which would mean Spurs fulfilling their final five home games of the season at their new stadium, as well as potentially a Champions League quarter-final.AdvertisementAdvertisementSpurs still have to stage two test events at the stadium before they can host a match there but they plan to do so before the end of this month with Spurs not scheduled to have any home games until the start of April. There is also an upcoming international break which gives Spurs time to do the tests.ADVERTISEMENT Tottenham hopeful of completing new stadium move ahead of season run-in in April Metro Sport ReporterMonday 4 Mar 2019 11:45 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy linklast_img read more

Graeme Smith in line for becoming first-ever South Africa Director of Cricket

Posted on September 20, 2020Categories znvbmgteTags , , , , , , , , , , ,   Leave a comment on Graeme Smith in line for becoming first-ever South Africa Director of Cricket

first_imgJohannesburg: Former South African captain Graeme Smith is reportedly in the running to become the Proteas’ first-ever Director of Cricket. The position has been created in the wake of its 2019 World Cup performance. Graeme Smith, who is regarded as one of the most influential captains in the history of South African cricket, told ESPNCricinfo that he was among those interviewed for the post.South Africa has struggled to replace the likes of AB de Villiers, Dale Steyn, Hashim Amla and Morne Morkel who all retired in the space of the past two years.They crashed out of the 2019 World Cup in the group stage with just three wins after which they were handed a 3-0 thrashing by India in a recent Test series. They had also lost to Sri Lanka in a home Test series earlier in the year, the first time ever that they lost a Test series against an Asian side in South Africa. IANSAlso Read: No Decision Yet on Ashwin’s Future in KXIP, Says Anil KumbleAlso Watch: Assam TET 2019 to be held tomorrow morninglast_img read more