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Google Hit With $5,000,000,000.00 Fine For EU Viloations.

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      [Business/Tech]

      American Business practices, especially internet technology related, are having a hard go of it in the EU. For Decades internet technology companies have used their success to stifle competition and control market share. From the time when Microsoft introduced it's Explorer browser years ago and used it's software dominance of the PC market to wallop other browsers with, and people cried and moaned about it, to Apple Computers who for the longest had a closed operating system (no others need apply), the big fish eat little fish American way with internet tech competition is frowned upon by other nations.

      You can't, or shouldn't be allowed to, block or devour other would be competitive companies at will. For these reasons Google has been charged with doing just that, which they might get by with at home in America, but in Europe, they might better rethink their practices. It was announced that the company will be fined $5 billion. Yes, that is $5 billion and that is a lot of loot, but because Google is at the top of the food chain and can easily afford the financial hit to it's book. Would they consider this just part of the price one must pay to keep a strangle hold on the manufacturing and marketing of internet capable smart phones, or take it as a message to change their ways or else.

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      Trump Stands Up To Harley-Davidson But Is That Good?

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          This will play well to his supporters, who don't understand finance and profitability. Most people don't understand how markets work. What they do understand is that outsourcing has cost them jobs. So Trump issuing threats to H-D shows that's standing up for the American worker. It might work as H-D might realize that the potential loss in sales supersedes the any increases in production cost from European tariffs. Regardless of what they do, their shareholders will be shedding tears as they see the stock plummet on Monday.

          Most people aren't expected to understand the impact of tariffs on production costs, but a Wharton economics graduate should. Yes, Trump majored in economics, yet didn't realize the unintended consequences of using tariffs. Here's a Wharton alum who is seeing the value of his degree reduced with an association with Trump:

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          Audi Boss Arrested Over Diesel Scandal

          There was a danger that Rupert Stadler could seek to suppress evidence, prosecutors say.
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          Tim Cook Is Trying To Get Trump To Back Off His Trade Battle With China

          President Donald Trump will welcome Apple CEO Tim Cook to the White House on Wednesday for a one-on-one meeting. At the top of the agenda: recently proposed tariffs on imports of Chinese goods.

          "Looking forward to my meeting with Tim Cook of Apple," Trump tweeted Wednesday. "We will be talking about many things, including how the U.S. has been treated unfairly for many years, by many countries, on trade."

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          Hanky Panky, Made In The U.S.A. Since 1977

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              This success story is about two women who started with a small business that became a bigger business, which continues to operate right here in the USA. Their story might fit into the category of women's voices, but since it is about their company - a business built from the partnership of two women with imagination, inventiveness, ability, risk, and perseverance - I have put it into the business category.


              Their story is about them and their underwear company that has become well known for making colorful thongs. They are now so successful that their company has recently implemented an employee ownership structure.


              The entire article, along with some nice visuals via photography, is well worth reading, but due to length I am offering some excerpts.

              Lida Orzeck, left, and Gale Epstein, the founders of Hanky Panky. CreditCaroline Tompkins for The New York Times

              The Thong That Changed Everything

              By Valeriya Safronova

              April 18, 2018

              Before converting a set of handkerchiefs into a bra and panties that began a 40-year career for her and her best friend, Gale Epstein dabbled in many varieties of D.I.Y.Ms. Epstein’s designs have certainly proven popular.

              The thong she created for Hanky Panky in 1986, known simply as 4811 and priced at about $20, is still a top-selling item for the company, which counts Rihanna, Beyoncé, Angelina Jolie, Cameron Diaz, Emma Watson, Eva Longoria, Kim Kardashian West and many others as customers.

              Thongs, which Hanky Panky produces in a rainbow of hues and several styles, make up more than half of the company’s $50-million business. The other half is made up of different types of stretchy, form-fitting bottoms and lacy, colorful bras.

              Underwear at Hanky Panky's showroom on Park Avenue in Manhattan.CreditCaroline Tompkins for The New York Times

              The company’s products have all been made in the United States — primarily in the New York area— since its founding, a considerable feat given that the number of manufacturing jobs in the city has been declining since the 1950s and significantly dropped after 9/11 as one apparel company after another has moved production overseas.

              In October, Hanky Panky’s employees — a significant portion of whom work at a 90,000-square-foot multiuse warehouse in Queens — discovered that they would soon be part owners of the company. At a party celebrating Hanky Panky’s 40th birthday, Ms. Epstein and Ms. Orzeck announced that the company had established an employee stock ownership plan, which transfers the ownership of the company over to a trust for the benefit of its workers.

              An ESOP is similar to a 401(k) but does not require employee contributions. The right to shares will be earned after six years of working continuously full-time. When employees leave the company, they retain their vested ownership until attaining full retirement age, and upon retirement they can redeem their shares. “Gale and I are still in charge,” Ms. Orzeck said. “But we no longer wholly own the company.”
              Employees, including those who work at Hanky Panky's warehouse in Queens, recently found out that they would soon be part owners of the company. CreditCaroline Tompkins for The New York Times

              In recent years, Ms. Epstein and Ms. Orzeck have scaled back their involvement in the company. “I’m not in the weeds the way I was the first 25 years,” Ms. Orzeck said. Why shouldn’t they take it a little bit easier after turning the thong into a classic cut, one that remains a staple in many drawers (despite what the millennials may have you believe)?

              But despite handing over some of their ownership, they have no plans to leave. “Why would I retire?” Ms. Orzeck said. “This is still our baby.”

              https://www.nytimes.com/2018/04/18/style/hanky-panky-thongs.html

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              Pundit Post

              A Complete List Of Donald Trump’s Business Disasters

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                  [Bad Business]

                  We've talked about Trumps supposed business acumen many times before but I can't recall seeing such a thorough listing of his failures as the one included here. Though it is two years old it is worth a glance. It is good head shaking material. Me thinks he needs to stick to hotels and resorts --which basically operate themselves. He fails miserably at everything else.

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