kruegdude

maestro64 said:

rob53 said:

"Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez announced new legislation Thursday to cap credit card interest rates at 15%, a move that they said will help protect consumers from the "greed" of the credit card and banking industries."

USA Today, May 9, 2019

Before people start screaming about this being political, just think about what AI is saying in this article about Citigroup. Credit Card companies are today's LEGAL loansharks and very few people in our government are doing anything to stop it. 

"Goldman Sachs seeks to disrupt consumer finance by putting the customer first," claimed a Goldman Sachs spokesman. "We are excited for customers to use Apple Card, which is designed to help people take control of their financial lives."

At least there is one company trying to buck the trend. I'm sure Goldman Sachs and Apple are still making some money on this deal but like medical insurance companies, there's no reason why credit cad companies should be making a vulgar amount of money doing practically nothing.

I will tell you again, like the last time you brought this up, you only pay interest if you are buying things you can not afford. If you use a CC to delay payment by 30 days and use someone else money for 30 days and pay it off then you do not pay interest. This is not a hard concept to understand. 

The reason CC interest rates are high due is to the fact it is unsecure loan of money that any one can walk away from and people do every day. If you are willing to pay high interest rate on a card to helping those who choose to walk way from their debts.

Stop expecting the government to fix your problem, learn how to manage money.

This is why interest rates are high

holyone said:

seanismorris said:

AppleExposed said:

genovelle said:

mac_dog said:

OUCH! That’s going to leave a mark. 

The possible retaliation has the potential to  wreck havoc on our entire economy. 

One knockoff manufacturer will do nothing, unless you mean retaliation which will hurt both parties.

I don’t think you realize how large and influential Huawei is...

Is every company that uses Android in some of their products going to be a “knockoff” manufacturer?

From wiki:
Huawei had over 188,000 employees as of September 2018, around 76,000 of them engaged in Research & Development (R&D).[5][6] It has 21 R&D institutes around the world.[7][8] As of 2017 the company invested US$13.8 billion in R&D.[9][10]
In December 2018, Huawei reported that its annual revenue had risen to US$108.5 billion in 2018 (a 21% increase over 2017).[16]

Huawei might be #1 (in importance) in the 5G rollout globally if it wasn’t for the trade war.  I’m as concerned about the IP theft as anyone, but Huawei is also a global innovator.  Everyone is better off if we can get a deal in place ASAP.

My question is what exactly is stoping China announcing tomorrow that everything Apple Inc. is now banned and Tim has 3 months to fuck off ( in those exact words), it seems to me that this has potential to get real hilarious, what am I missing ?

 Though I get the crying over IP theft and the deficit I have to ask however, since no American company is forced to operate in China and all companies enter China knowing full well the cost and requirements why is no one asking Apple why the fuck  they give up their IP in China ? Isn't that a more prudent question ?

There's a price to pay for market access everywhere India requires local manufacturing for example, we may talk about those costs being too high and/or unfair but Apple doesn't seam to think so, otherwise why are they in China or any other place ? If that country is so despicable then why go there ?, also why is Apple or any America based conglomerates' IP always referred to as American IP ? What does America have to do with Apple property, doesn't that belong to its share holders around the world ?

Just asking coz I'm really curious i'm not American so this all seems just weird to me.

avon b7 said:

dewme said:

I really wish there was some objective, scientific, and non-politicized coverage of the actual issues the US has with Huawei. A lot of the concerns seem to be pure conjecture or hypotheticals and ignore the fact that all countries, US and EU ones included, have both the ability and incentives to place surveillance inside any hardware or software communication platforms and equipment, whether at the manufacturing point of origin or through interception anywhere in the supply, distribution, or service channels and pretty much regardless of where the equipment is deployed. It's not like Huawei is building a giant ship with a massive crane to mine manganese nodules from the bottom of the ocean off the east coast of the US, or anything like that...

There is absolutely nothing more than you point out.

The Trump administration simply didn't want to see the Chinese take a tech lead (5G for example) over the US.

Trump tried to get other countries to do the dirty work by banning Huawei. Most of those countries refused (after requesting evidence and not getting any) and as a US ban wasn't going to be enough, he simply declared a 'national emergency' to justify an executive order. This in spite of court cases (by both sides) already being underway.

Why wait for the legalities to be cleared up when you can skip that part altogether?

We are now in Wild West Politics and the sheriff is acting like one of those dodgy sheriffs in some crazy western.

Blatant protectionism and nothing else save for the conjecture and hypotheticals.

This is not the precedent the US should be setting on a world stage.