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Intel’s White House Announcement Promises a Bright Future

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Intel has worked for years to reinvent itself as something other than a PC company. That mission was why the microchip maker originally spent $5 billion on a facility in Chandler, AZ in 2011. Now, that facility will get dusted off as Intel CEO Brian Kraznich announced that the company would spend $7 billion to bring the plant online. The announcement came as Kraznich stood shoulder to shoulder with President Trump and promised to create 3,000 high-wage jobs.

Is the Announcement Just a PR Stunt or Can Intel Deliver?

The Trump effect is real. Companies who have come under President Trump’s Twitter ire have seen shares drop almost instantly. Trump’s fan base will boycott any company who seems to go against the president’s views. So when Intel CEO took advantage of a White House meeting to announce that his company is aligning with Trump’s job creation efforts, it might be seen as a bit of sucking up to the commander-in-chief.

But the fact is, Intel is for real. The chip maker plans on making the planned facility the most advanced semiconductor facility in the world, providing 3,000 high-skill, high-wage manufacturing jobs. And they’re ponying up the money to make it happen. The Chandler plant will cost an additional $7 billion and take about 3-4 years to come online, creating even more jobs during that span. The new plant is expected to produce chips for 5G drones and networks, and will look to impact any industry utilizing microchips, such as automotive, healthcare, entertainment, and telecommunications.

Why is the company moving forward now and not when the plant was originally scheduled to go online back in 2011?

At that time, Intel made the decision not to complete the plant because of shifts in the semiconductor industry as the public turned towards tablets and smartphones and away from computers. Now, however, Intel is focused on cloud computing facilities and devices, meaning its new, more powerful chips will have a home regardless of PC sales.

But more importantly than that, Trump’s administration is adamant about being business friendly, especially to those companies who bring jobs to the country. Tax cuts and incentives will make Intel more profitable than ever as they enjoy a close relationship with the current administration.

Watch the meeting between Intel’s CEO and President Trump from CBS News:

The company makes for a tantalizing long term play. As such, expect shares of Intel Corp. (INTC) to rise UP steadily over the next few years.

 

Dakota Access Pipeline just got the green light from President Trump. Read the whole story here.

 

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The statements, views, and opinions of any article, contribution, editorial, or advertisement in this publication are not necessarily those of The Capitalist or its editorial staff, and are not considered an endorsement, sponsorship, or recommendation of any referenced product, service, issuer, or groups of issuers.

This publication provides general information about certain subjects, and should not be construed or taken as advice (legal, financial, investment, tax, or otherwise). Do not construe or take any information in this publication as a solicitation, offer, opinion, or recommendation to buy or sell any securities, bonds, or other financial instruments or to provide any legal, financial, investment, tax, or other advice or service about the suitability or profitability of any financial instruments or investments.

The Capitalist disclaims any liability for the accuracy of or your reliance on any statements, views, opinions, or information in this publication.

 

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Economy

Could Trump’s Tariffs Hurt The U.S. Economy?

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Could Trump’s Tariffs Hurt The U.S. Economy

About a year ago, the media was talking about how Trump’s trade wars could negatively affect many industrial companies, the agricultural sector, and right down to the every day American worker.

The recent stats from Gross Domestic Product has now revealed the current reality of Trump’s multiple front trade war.

Data shows that imports increased, while exports decreased by over 5%. Business investments have declined by 0.6%, and this decline has been happening since 2016. Most North American corporate capital spending is also on a declining trend.

Trumps’s tax reform was short-lived for most American companies. We did not get many benefits from the trade tensions either. U.S. corporate debt is getting much worse and far more significant than household debt.

Many are speculating that the cutting interest rates will lead to more zombie companies that will threaten both the U.S. and global economy.

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Economy

CryptoRuble | Cryptocurrency in Russia

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What do you get when you implement cryptocurrency in Russia? Cryptoruble! Read on to find out how Russian cryptocurrency is doing.

CryptoRuble | Cryptocurrency in Russia

Russia’s Pivot Toward a Pro Cryptocurrency Policy

Prior to the great boom which propelled Bitcoin over $7,000, both Russian bankers and politicians alike voiced their conflicting opinions and hesitancy toward the cryptocurrency.

Vladimir Putin called for tighter regulation of cryptocurrencies only a month prior to his speech where he touched on nurturing the new technology, while authoritative bankers compared cryptocurrencies to Ponzi schemes.

At one time, a proposal was made that would punish those owning bitcoin with up to seven years in jail for a violation.

Recently however, these antagonistic statements from central banks and the Kremlin have pivoted with a series of official announcements that would strengthen Russia’s position as a possible focal point for the impending and inescapable cryptocurrency revolution. The major impetus for this considerable change in rhetoric is demanded from people all over the world for digital cash as instruments of investment, payment, and more. The people’s demand hasn’t fallen on deaf ears in Russia.

But the Russian elite have answered the people’s call in a uniquely Russian way.

To everyone’s surprise, President Putin, in late October of 2017, announced his support for cryptocurrency in Russia and subsequently ordered legislation that would put into place infrastructure for its national adoption.

Unique legal frameworks has since been conceived for the taxation of cryptocurrency mining, regulating initial coin offerings (ICOs), developing blockchain technology in business, and establishing a far-reaching system of payment for Russian citizens.

Perhaps, the most astonishing statement given by President Putin’s was his announcement that Russia intends to form a digital crypto rendition of the ruble termed the ‘CryptoRuble’. The CryptoRuble is supposed to be interchangeable with the ruble on a 1:1 ratio. Quite dissimilar to other more ‘traditional’ forms of cryptocurrencies, the CryptoRuble will not be able to be mined and will be exclusively issued by the Russia’s central bank. This kind of approach is distinctly Russian, and is based on years of meticulous observation of how various forms of cryptocurrency has previously affected other countries.

This Russian model cedes some economic freedoms for government control, while still preserving and incorporating the technology’s primary advantages.

Additionally, an unchangeable ledger will make citizen cash flows transparent to the government and help stem fraud and corruption. In theory, it should also help to bring down walls of previous systems plagued by middlemen.

CryptoRuble income is expected to be taxed at a rate of 13 percent for those wo’re unable to provide a legitimate source for it. Not only is this an attempt at preventing corruption, but it’s also a way the Russian government can profit from it.

Russian leadership is likely to remain watchful of any new methods they can use to achieve a competitive edge in international politics, finance and trade.

Cryptocurrency seems to be one of the most likely channels for increased influence across borders; thus, Russia’s pivot toward a pro-crypto policy stance is quite logical.

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Economy

Robots, Not Jobs, are Being Created Mr. President

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One of Donald Trump’s ongoing promises has been jobs. And lots of them. Specifically in manufacturing. However, he’s also pushing for innovation, especially here in the U.S. during “Made in America Week”. There’s one little problem, though. The jobs Trump wants to push are directly at odds with his message of innovation. And that’s becoming obvious as more and more companies turn to technology to compete with online retailers

What “Jobs” does the President Actually Make?

The economy is doing just fine under President Trump. Nowhere is that more evident than in the stock market, which has soared to record high after record high after record high. Unemployment is steady, hovering around 4.5 percent. And the dollar has gotten so strong that the president has had to speak against it to weaken our currency before the economy suffered as a result. Yet, Trump is still talking about job creation. But here’s the thing, companies aren’t looking to create more jobs, they’re looking to create more efficiency, and that comes through technology.

Case in point, Wal-Mart.

While the robots we think of from movies are still years away, more basic robots are already replacing human labor in restaurants such as McDonalds, and retailers like Wal-Mart, especially as a result of a growing cry for a $15 minimum wage. These bots are replacing thousands of jobs across the country, many of which will hit Trump’s main voter base. Wal-Mart, for example, is installing Cash360 machines in almost all their 4,700 U.S. stores.

The Cash360 machine counts money exponentially faster than a human, which is a specific job Wal-Mart has always hired for. Now, instead of paying $13/hr for a money counter, the machine does the same work significantly more efficiently, making those jobs obsolete. While the company claims those employees will be moved to new positions, the fact is most of them can’t do any other jobs and are forced to leave the company.

That’s just one example.

The more routine a job is, the more likely it is to be replaced. Ordering a burger at McDonalds through a digital touch screen. Self checkout lanes at the grocery store. Toll takers. Even autonomous vehicles, which will replace delivery drivers in a few years.

 

Can Trump’s policies drive manufacturing jobs back to America? Watch this news clip from Fox Business:

And the biggest group who have routine jobs? Trump’s supporters. Especially in the manufacturing jobs he keeps promising. Innovation and job creation are currently at odds with each other — as long as we’re looking at the same jobs. Moving forward, we need more innovative jobs, not just innovation within existing jobs.

PayPal and Visa’s debit card partnership a win for everyone. Find out more here.

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The statements, views, and opinions of any article, contribution, editorial, or advertisement in this publication are not necessarily those of The Capitalist or its editorial staff, and are not considered an endorsement, sponsorship, or recommendation of any referenced product, service, issuer, or groups of issuers.

This publication provides general information about certain subjects, and should not be construed or taken as advice (legal, financial, investment, tax, or otherwise). Do not construe or take any information in this publication as a solicitation, offer, opinion, or recommendation to buy or sell any securities, bonds, or other financial instruments or to provide any legal, financial, investment, tax, or other advice or service about the suitability or profitability of any financial instruments or investments.

The Capitalist disclaims any liability for the accuracy of or your reliance on any statements, views, opinions, or information in this publication.

 

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