US Steel, once the largest corporation, agrees to sell to Nippon Steel

Post by lavajava » Wed, Dec 20, 2023, 8:56 AM UTC

FredPret wrote: post #137

xp84 wrote: post #132

Earlier quoted context omitted.

While I actually agree with you personally that not everything should have to grow forever, a business that "just" delivers a consistent profit every year is considered a failure by those who expect YoY capital appreciation (at some multiple of the interest rate on a savings account), i.e. shareholders. Such businesses usually get sold to someone with a "growth" plan for them, which is usually some combo of combining…

I'm sure that's true for many shareholders; anecdotally I'm a very happy US Steel shareholder (especially after today!). There are many folks who are long-term-value oriented who would much rather own a healthy and sustainable business than something that looks good short-term but is getting IBM'ed long-term. Case in point: Warren Buffett and See's Candy. I like the steady accumulation of equity or dividends paid out…

Post by fennecbutt » Fri, Dec 22, 2023, 12:08 AM UTC

graphe wrote: post #126

hristov wrote: post #83

Earlier quoted context omitted.

The problem is that there isn't much union solidarity across countries and companies have completely different labor relations in different countries. As an example, all Japanese automakers that start factories in the US start them in anti-union states and take a very hostile anti-union stance. This is in contrast with the very pro union stance these companies take in Japan. But Japanese workers do not strike in soli…

Toyota started in California at a union plant. https://en.wikipedia.org/wiki/NUMMI saw it on asianometry.

Post by dragonwriter » Wed, Dec 27, 2023, 1:39 AM UTC

RecycledEle wrote: post #204

NoMoreNicksLeft wrote: post #70

Earlier quoted context omitted.

> We were ignored, slandered, and our votes were never counted. Literally, the State of Texas does not count votes in Presidential Elections for "third parties." You understand that's by design, right? In most states (likely all, but I can't be bothered to check if there's an exception), a candidate has to register as a "write-in candidate" or votes writing in their names won't be counted at all. Ostensibly, this was…

I mean there are 4 people on the ballot for POTUS, or you can request a write-in ballot. If you vote for anyone outside the D/R establishment, they reject your ballot.

Post by dllthomas » Wed, Dec 27, 2023, 6:52 PM UTC

topkai22 wrote: post #22

The insane conspiracy theorist in me immediately started thinking Elon Musk is behind this so he can get the ticket symbol (US steel is X on the NYSE.)