Comments by "Roger Dodger" (@rogerdodger8415) on "CGTN America"
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TheRetiredtrucker It's no wonder you were a truck driver. You probably fell asleep in school. Ford is losing sales because they sell JUNK and need a whipping boy to put the blame on. You aren't seeing other auto manufacturers laying off workers because of the Trump Tariffs do you? Now, instead of believe the DEMOCRAT LEANING, TRUMP HATING, NBC News, you would have dug a little deeper, you'd find out........... Ultimately, Ford has had a pretty rough year. Just last month, while total U.S. auto sales slowed down 7 percent, sales of Ford vehicles alone dropped 11.2 percent. Even the automaker’s flagship F-Series pickup trucks dropped 9 percent in sales. The efforts, still taking shape, could shield the Blue Oval’s profitable North American operations from significant layoffs, two ranking sources familiar with the situation told The Detroit News, particularly if the national economy remains buoyant as Ford launches a new midsize Ranger pickup, new compact and midsize SUVs, and a revived Bronco.
“It’s not about slashing costs and laying off people to get to prosperity,” Hau Thai-Tang, Ford's executive vice president of product development and purchasing, said in an interview this week. “It’s about becoming fitter so that we can reinvest that into delivering products that customers want and value — and doing it faster. It’s not that we have too many people or they’re not working hard or they’re not smart."
SO NOT AMERICAN JOBS..
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ritics have cited the Trump corporate bankruptcies as examples of his recklessness and inability to manage, but the real-estate developer, casino operator and former reality-television star says his use of federal law to protect his interests illustrates his sharp business acumen.
"I have used the laws of this country just like the greatest people that you read about every day in business have used the laws of this country, the chapter laws, to do a great job for my company, my employees, myself and my family,” Trump said in August 2015.
The New York Times, which conducted an analysis of regulatory reviews, court records and security filings, found otherwise, however. It reported in 2016 that Trump "put up little of his own money, shifted personal debts to the casinos and collected millions of dollars in salary, bonuses and other payments."
"The burden of his failures," according to the newspaper, "fell on investors and others who had bet on his business acumen."
6 Corporate Bankruptcies
Trump has filed Chapter 11 bankruptcy for his companies six times. Three of the casino bankruptcies came during the recession of the early 1990s and the Gulf War, both of which contributed to hard times in Atlantic City, New Jersey's gambling facilities. He also entered a Manhattan hotel and two casino holding companies into bankruptcy.
Chapter 11 bankruptcy allows companies to restructure or wipe away much of their debt to other companies, creditors, and shareholders while remaining in business but under the supervision of a bankruptcy court. Chapter 11 is often called "reorganization" because it allows the business to emerge from the process more efficient and on good terms with its creditors.
One point of clarification: Trump has never filed personal bankruptcy, only corporate bankruptcy related to his casinos in Atlantic City. “I have never gone bankrupt,” Trump has said
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