Trump Wants Apple To Manufacture In US

Trump wants Apple along with other tech giants to house their manufacturing plants in the US

As per a recent speech by Donald Trump, the Republican Presidential Candidate has talked about pushing the tech behemoths like Apple Inc. to house their manufacturing and production plants back in the United States. If the business giant gets elected as the President of United States, then the tech fraternity might just have to alter its course and start operation as per the likes of Trump.

Gizmodo, the tech blogging platform was extremely fast in reporting the comments made by Donald Trump while he addressed the Liberty University in Lynchburg, Virginia. During this speech, he seized the opportunity to criticize Ms. Hillary Clinton, another Presidential Candidate regarding ways to combat the present immigrant and defense issues in the US. He wishes that these tech giants create employment opportunities for the locals instead of getting labor from foreign countries.

“We are going to do what’s good for the country,” Mr. Trump stated. “We’re going to get things coming. We’re going to get Apple to build its damn computers in this country instead of other countries.” According to the present data, United States has lost 50,000 manufacturing plants and 10 million jobs due to the labor outsourcing trend. However, no particular statistics were presented regarding the iPhone maker.

Mr. Trump believes that the Americans are getting killed. He also suggested that big companies like Ford need to be taxes for outsourcing services. If such an initiative is taken then companies will operate their plants in the United States. “Free trade is good. But we have to do it. Or we won’t have a country left,” claimed Trump.

Ironically, Mr. Trump is certainly not aware of the fact that his promises sound quite vague, ridiculous and implausible. The Apple iPhone giant relies on mass production plants and cheap labor to function. This makes countries like China the best possible choice to get maximum margins. Moreover, another reason why the company has partnered with China is not just minimizing costs but because it has tied the know with the best manufacturer in the form of Foxconn.

Hence, the idea put forward Mr. Trump is not wrong since it will benefit the US economy tremendously. However, it needs to be noted that the tech companies are also operating on margins which cannot be met with operating in the United States. Most tech companies in the world operate in Asia since the cost is relatively minimal in these regions. Tech giants might not just like Mr. trump getting elected now.

Chinese Citizens Want Google To Make A Come Back

Chinese masses have vowed to ban using Baidu for its ill activities

China has finally come up with its answer for Google where Baidu is now more than a search engine. The China based Internet giant is the owner of several other services that are similar to Spotify, Google Maps, Netflix, Groupon etc. most of the company’s offering are readily being used in the region where its search engine reigned over the Chinese market even before Alphabet Inc. decided to bid farewell to the land due to the censorship issues.

Recently, there were tens of thousands of Chinese locals that have vowed to stop using Baidu completely. It was observed that the Beijing based company has been churning in profits by fooling chronically ill users by providing them biased information through its “post bar” service via the chat rooms.

The service was launched in 2003. Tieba or Baidu Post Bar is basically a big online fraternity that has almost 19 million discussion platforms that cater to various sectors such as lifestyle, entertainment and current affairs. There are several illness related post bars on Tieba that cater to masses as an online support group. Patients are given the opportunity to discuss their experience, talk about their medical history and share their experiences.

The post bar groups by Tieba are governed by administrators who are called bar owners who are responsible to manage the comments and delete the ones that are not appropriate. In most cases, these people are the ones who have founded the particular group, or who have immense knowledge of the subject and are several people assigned for a particular group.

What caused disruption recently was when the Chinese users deduced that at least one of the administrators of these groups which was for people suffering with serious illness was being governed by an individual who had bought the position. He used the platform to market wrong medical facilities and in case e got criticism, he used to delete that.

A bar owner that belonged to a hemophilia group recently stated that on the Zhihu platform, the Chinese Q&A platform that the owners were removed without confrontation. This caused immense hatred from the locals who have vowed to bid farewell to Baidu.

The search engine giant left the region due to the strict Chinese laws but no with the controversy regarding Baidu, the masses want GOOG back in the reach which did not have any evil intention like Baidu. In no way anyone is allowed to fool around with human life like the Chinese giant did.

Nike Signs $10 Million Partnership With The Portland Bureau of Transportation

The multinational sportswear company signs a deal worth $10 million to sponsor a bike sharing system in Portland.

Nike, Inc. and the Portland Bureau of Transportation, worth $10 million, have signed a 5-year partnership. This is a sponsorship for the latest bike sharing system established by the city, which is expected to launch in July 2016.

The program was to be launched with 600 bikes for the sharing system, but thanks to Nike, 400 more bikes will be added to the program that would bring the total number of bikes to 1000 along with over 100 bike stations. Through the partnership with the sportswear apparel manufacturer, more Portlanders will be able to avail the service all over the city. It is likely to be carried through winter and spring.

The vice president of global community impact at Nike, Jorge Casimiro, said that at the company, the management believes that (any) sport has the power to move the world and ‘unleash the human potential’. He added, “It’s who we are, it’s been in our DNA from day one, and we share the city’s commitment to a vibrant, active and innovative community.”

However, the Bureau of Transportation stated that this new program is super easy and fun to use – it is an excellent way of attracting new visitors and tourists, simply to get around the city. It also says that this package will shed some light on the city itself.

The pricing put on the package is $2.50 for the first hour and then it varies with the increase in the number of hours. These bikes have GPS installed in them in case someone tries to steal them. Furthermore, it puts a hold on the customers’ credit card when they use it. The multinational sports apparel giant also plans to introduce limited edition bike designs, which will be made available later, according to PBOT officials.

In other news, Nike stock has been down by 2.67% as the market declined on Thursday. The shares are being traded at a stock price of $59.85, while the current market capitalization of the multinational development corporation is 104.80 billion. At the trading session on Thursday, the stock was seen hitting a high of $61.26 and a low of $59.78; it was seen fluctuating between these two prices.

The one-year high and low of share price of the business was seen at $68.19 and $45.35 per share respectively. The earnings per share reported were 1.84 with the price to earnings ratio of 32.61. Institutional investors own over 167% of the shares.