deering.ipub.us http://deering.ipub.us en-US http://blogs.law.harvard.edu/tech/rss socportals@mediacolo.com Farm Belt trade casualties Deere and Caterpillar cut jobs Two of the nation's biggest farm equipment manufacturers blame trade fight for slowdowns in their sales http://deering.ipub.us/news/3075400-farm-belt-trade-casualties-deere-and-caterpillar-cut-jobs Fri, 15 2019 21:11:20 GMT http://deering.ipub.us/news/3075400-farm-belt-trade-casualties-deere-and-caterpillar-cut-jobs Deere workers grapple with fallout from Trump#039;s trade war Devin Spencer has been on edge ever since Deere Co. laid off dozens of his colleagues at its Harvester Works plant in western Illinois due to dwindling demand for farm combines. http://deering.ipub.us/news/3074712-deere-workers-grapple-fallout-trump039s-trade-war Fri, 15 2019 15:46:18 GMT http://deering.ipub.us/news/3074712-deere-workers-grapple-fallout-trump039s-trade-war French President Macron dunked on Trump for pulling out of Syria without telling his NATO allies French President Emmanuel Macron gave a blistering interview to The Economist about his dissatisfaction with NATO and the European Union. He slammed President Donald Trump for withdrawing from Syria without consulting NATO last month, saying that there was "no co-ordination whatsoever of strategic decision-making." NATO countries including France, Germany, and the UK still have forces in Syria. Macron said the Syria withdrawal represented the "brain-death of NATO." Trump has for years complained that about what he sees as the US' outsized financial role in NATO, and has threatened multiple times to pull out of the alliance. Macron also said the European Union is "on the edge of a precipice," and partly blamed Trump for not having its back in the face of Russian and Chinese aggressions. Visit Business Insider's homepage for more stories. French President Emmanuel Macron has slammed US President Donald Trump for unilaterally withdrawing from Syria — a decision that has upended power structures in the Middle East — without even telling his NATO allies. "You have no co-ordination whatsoever of strategic decision-making between the United States and its NATO allies. None," Macron told The Economist in an article published Thursday, referring to Trump's troop withdrawal from Syria last month.  Trump abruptly decided to pull out some 1,000 US troops out of Syria in early October after a phone call with Turkish President Recep Tayyip Erdogan, who said he was planning a military incursion into northeastern Syria. NATO countries including France, Germany, and the UK all still have forces in Syria. Trump appears to have a habit of freezing out key players while making major decisions. White House Chief of Staff Mick Mulvaney was left out of the US military raid against ISIS leader Abu Bakr al-Baghdadi last month, NBC reported last week, citing current and former senior administration officials. Macron added that the Turkish military incursion to fight the People's Protection Units (YPG), a Kurdish-led militia, also presented NATO with a quagmire in Syria. The YPG partnered with countries including the US, UK, France, and the Netherlands to fight ISIS in the region as part of Operation Inherent Resolve. However, Turkey sees the Kurdish forces as terrorists and has vowed to eliminate them. "You have an uncoordinated aggressive action by another NATO ally, Turkey, in an area where our interests are at stake," Macron said, adding that NATO's Syria problem represents "the brain-death of NATO." Trump has for years complained that about what he sees as the US' outsized financial role in NATO, and has threatened multiple times to pull out of the alliance. On Tuesday, he "stressed" to British Prime Minister Boris Johnson by phone "the need for NATO allies to robustly fund their defenses," according to a statement by White House deputy press secretary Judd Deere. Macron also said the European Union was on "the edge of a precipice," noting that the bloc's "weaning ourselves out over Brexit" and inability to make decisions quickly due to its internal divisions could make it "disappear geopolitically." "If we don't wake up," he said, "there's a considerable risk that in the long run we will disappear geopolitically, or at least that we will no longer be in control of our destiny. I believe that very deeply." He also partly blamed Trump for the EU's struggles, saying that he "doesn't share our idea of the European project" by not helping it face off growing Russian and Chinese influence. In a G7 meeting in France this summer, Trump aggressively lobbied for Russia to be granted re-entry into the group, which had expelled it over its annexation of Crimea. China has appears to be picking off EU countries, courting them, and pitting them against each other to prevent the bloc from having one united policy that could hamper Beijing's economic plans. Macron, Trump, and other NATO members are scheduled to meet in London in from December 3 to 4. Read more: Some US troops guarding oil fields in Syria are reportedly still waiting for military orders — including when and how they could attack the enemy Vladimir Putin is looking unstoppable after a string of victories that Trump handed to him on a plate This is China's playbook to pit EU countries against each other Join the conversation about this story » NOW WATCH: A podiatrist explains heel spurs, the medical condition Trump said earned him a medical deferment from Vietnam http://deering.ipub.us/news/3058172-french-president-macron-dunked-trump-pulling-out-syria-witho Thu, 07 2019 13:29:37 GMT http://deering.ipub.us/news/3058172-french-president-macron-dunked-trump-pulling-out-syria-witho This industrial stock could be the best way to ride sector surge, trader says Industrial stocks are outperforming this month, and one name could be the best bet to ride the wave, Todd Gordon of TradingAnalysis.com says. http://deering.ipub.us/news/3056797-industrial-stock-could-be-best-way-ride-sector-surge-trader Wed, 06 2019 20:26:00 GMT http://deering.ipub.us/news/3056797-industrial-stock-could-be-best-way-ride-sector-surge-trader Trump touts #039;303,000#039; US job additions — more than double what the government reported in October President Donald Trump appeared to falsely claim on Twitter Friday that the economy added more than 300,000 jobs in October. The official employment report released just before showed a monthly payroll increase that was less than half of that.  As he faces an impeachment inquiry ahead of his 2020 re-election bid, Trump has increasingly sought to paint a rosy picture of the economy. Visit Business Insider's homepage for more stories. President Donald Trump appeared to falsely claim Friday that the economy added more than 300,000 jobs in October. The official employment report released just before showed a monthly payroll increase that was less than half of that.  "Wow, a blowout JOBS number just out, adjusted for revisions and the General Motors strike, 303,000," the president wrote on Twitter, though that number did not reflect labor market activity last month. "This is far greater than expectations. USA ROCKS!" A half hour before that, the Bureau of Labor Statistics said the US added 128,000 nonfarm payrolls last month. The gain was stronger than expected and pointed to a solid labor market, but remained far below the figure the Trump administration had asserted.  "Pretty easy," said White House spokesperson Judd Deere, when outlining how officials arrived at the inflated number.  He said the administration added previous upward revisions to the October figure, even though those 95,000 jobs were created between August and September.  Administration officials also incorporated 20,000 temporary federal workers who had left after they finished work for the 2020 Census. Asked why they counted positions that no longer existed, Deere responded: "How else would you take in revisions? Are you just supposed to ignore them?" The remaining payrolls in the inflated figure were tacked on to account for a historic strike at General Motors, the White House said. The work stoppage shuttered factories for 40 days and temporarily left at least 50,000 out of work, according to the Labor Department.  As he faces a rapidly-unfolding impeachment inquiry ahead of his 2020 re-election bid, Trump has increasingly sought to paint a rosy picture of the economy in recent weeks.  "Stock Market up BIG!" Trump continued Friday morning. "Record highs for SP 500 and NASDAQ. Enjoy!" Now read: Jim Rogers earned a 4,200% return with George Soros by investing in overlooked assets. He tells us what he's buying now ahead of the 'worst crash of our lifetime.'SEE ALSO: US adds more jobs than expected in October despite GM strike, trade-war tensions Join the conversation about this story » NOW WATCH: Extremists turned a frog meme into a hate symbol, but Hong Kong protesters revived it as an emblem of hope http://deering.ipub.us/news/3046948-trump-touts-039303000039-us-job-additions-more-double-what-g Fri, 01 2019 18:18:00 GMT http://deering.ipub.us/news/3046948-trump-touts-039303000039-us-job-additions-more-double-what-g One of the world#039;s largest industrial giants is gearing up for life after diesel, and electric vehicles are not included (CNHI, DE) CNH Industrial, in the midst of an aggressive turnaround plan, is making big bets on liquefied natural gas and hydrogen fuel-cell electricity.  CEO Hubertus Mülhäuser discussed the company's approach to innovation in an interview with Business Insider, drawing a line in the sand against its larger competitor John Deere.  It's a fight not unlike the Android versus Apple wars, as technology moves from Silicon Valley to fields across Europe and the American heartland.  But with agriculture hit hard by President Donald Trump's trade war, neither company has tailwinds in its favor.  Visit Business Insider's homepage for more stories. Hubertus Mülhäuser has a plan. The former automotive executive was recruited by CNH Industrial, the conglomerate behind many well-known agriculture and heavy machinery brands, in August. When he arrived, his work was already cut out for him. The Chicago-based, Netherlands-registered company behind names like Case and New Holland, is in the midst of a three-pronged turnaround. In 2018, it posted its first revenue and earnings growth in more than four years, as it targets aggressive growth from a depressed agricultural sector, weighed down by Presidential Donald Trump's trade war. "In all honesty, it can't really get worse for ag," Mühlhäuser said, referring to agriculture in an interview with Business Insider, and adding that the category's slump has added a useful hedge against much more downside. "We are already at a low point and moving sideways for the last years," he said. "We don't see the ag industry falling off a cliff because there is a solid end demand. The world's population is growing. People want to have fresh food and you need to have a machine to harvest it." But with an increasingly tight labor market — and the necessity to wean a carbon-dependent industry off of fossil fuels — the agriculture of the future won't look like past centuries. "We're moving away from diesel faster in the off-highway world," Mülhäuser said, referring to the segment of vehicles for industrial uses in farms, mines, and more. "We're already disrupting the market in Europe around liquefied natural gas engines and trucks, and we're positioning ourselves for the hydrogen economy." Electric vehicles — while gaining steam for highways and families — aren't part of the $13 billion CNH is earmarking for innovation. "We are in a heavy duty environment," Mülhäuser said. "Our thinking is that, will there be electrification with batteries? Yes. For applications where you don't need a high degree of autonomy, in urban environments where you only have to go a couple hundred miles a day, and where you don't have to carry 30 or 40 tons." For heavy vehicles, the battery technology just isn't there yet. "If we think heavy construction machinery," he said, "we still believe that electrification is the right thing, but the power source is not going to be a battery, It's going to be fuel cell. In September, CNH invested $100 million for a 25% stake in the fuel-cell maker Nikola, with plans to use the company's hydrogen technology in trucks throughout North America and Europe. The move highlights CNH's strategy of investing in small stakes of many companies, in hopes that one is a breakout star. CNH, by way of its investment, then has exclusive rights to sell that product. "We don't have the arrogance to say we know best which startup is going to make it and then invest a lot of money," Mülhäuser said. "There are companies that invest a quarter of a billion into one artificial-intelligence company and say 'this is going to change the world.'" Three key areas of focus for these investments fall into three basic categories: fleet, field, and farm. On fleets of tractors, for instance, the company hopes to have sensors flag parts that may be soon in need of replacement. While in the field, the autonomous advances that farming already has on highway driving still have room for improvement. Elsewhere on the farm, CNH wants to integrate soil moisture sensors with others that can monitor grain storage, market prices and more to help farmers increase average yields per acre. Of course, CNH isn't the only company betting on an agribusiness rebound. John Deere, the legendary brand with more than ten times CNH's sales last year, is also rebounding from a 2016 revenue trough. Like CNH, Deere has teams working on data-intensive projects like artificial intelligence, automation, and other tech to increase output under increasingly fewer human workers. Mülhäuser isn't afraid to directly address the green elephant in the room. His pitch comes down to a divide not uncommon in tech: walled-gardens versus open platforms. But we're not dealing with Apple versus Android phones — it's about a farmer's ability to have products from any manufacturer talk to each other. "We need to have an open platform, with an open-source approach," he said. "If you go closed-circle, it will not be okay. John Deere has taken their decision to go with a closed system, a closed platform, like Apple. They decide with whom you can connect. "We have chosen an Android approach."SEE ALSO: Farm bankruptcies jump to highest level since 2011 as Trump’s tariffs bite Join the conversation about this story » NOW WATCH: Apple just released iOS 13.2 with 60 new emoji and emoji variations. Here's how everyday people submit their own emoji. http://deering.ipub.us/news/3046941-one-world039s-largest-industrial-giants-gearing-life-after-d Fri, 01 2019 18:48:08 GMT http://deering.ipub.us/news/3046941-one-world039s-largest-industrial-giants-gearing-life-after-d Donald Trump to Honor Washington Nationals at the White House On Monday, President Donald Trump will welcome the World Series Champion Washington Nationals to the White House!" White House Deputy Press Secretary Judd Deere revealed on Twitter on Friday. http://deering.ipub.us/news/3046753-donald-trump-honor-washington-nationals-white-house Fri, 01 2019 15:51:56 GMT http://deering.ipub.us/news/3046753-donald-trump-honor-washington-nationals-white-house