Posted on 08/22/2019 7:48:37 PM PDT by NorseViking
European Union officials have drawn up an aggressive 173-page plan to counter both President Donald Trumps trade moves and American tech giants including Google, Apple, Amazon, Microsoft and Facebook.
According to a document obtained by POLITICO, European Commission officials are pushing their president-elect, Ursula von der Leyen, to set up a European Future Fund that would invest more than $100 billion in equity stakes in high-potential European companies.
The goal: get Europe competing head-on with the American and Chinese tech giants it has lagged behind for decades.
Theyre also advocating for Europe to show more grit in Trumps trade war, saying the EU should slap tariffs unilaterally on the United States.
While its unclear if the proposals will gain traction, the framework amounts to the most forceful acknowledgment yet that Europe is at risk of slipping further behind the U.S. and China in the race to solidify themselves as the global economic powerhouses of the future.
(Excerpt) Read more at yahoo.com ...
European Future Fund that would invest more than $100 billion in equity stakes in high-potential European companies.
The only one that will invest in themselves is the government. Sounds like an Obama scam, shovel ready, it will pay for itself, solyndra renewable energy fake phoney fraudulent idea
“Oh and just got back from Europe a few weeks ago... saw hardly ANY American cars. Hardly any.”
Which part of Europe?
In the UK and in Poland Ford sells very well - more than Toyota or Peugeot. And the muscle cars like Mustangs are very popular.
In most countries in Europe if you do own a car, you need something that can squeeze through tight streets - for instance in Italy you need tiny cars like Fiat 500s. American trucks just won’t fit.
Churchill said it best:
A quote from an 1899 book by Winston Churchill, "The River War", in which he describes Muslims he apparently observed during Kitchener's campaign in the Sudan
How dreadful are the curses which Mohammedanism lays on its votaries! Besides the fanatical frenzy, which is as dangerous in a man as hydrophobia in a dog, there is this fearful fatalistic apathy. The effects are apparent in many countries. Improvident habits, slovenly systems of agriculture, sluggish methods of commerce, and insecurity of property exist wherever the followers of the Prophet rule or live. A degraded sensualism deprives this life of its grace and refinement; the next of its dignity and sanctity. The fact that in Mohammedan law every woman must belong to some man as his absolute property - either as a child, a wife, or a concubine - must delay the final extinction of slavery until the faith of Islam has ceased to be a great power among men.
Individual Moslems may show splendid qualities. Thousands become the brave and loyal soldiers of the Queen; all know how to die; but the influence of the religion paralyses the social development of those who follow it. No stronger retrograde force exists in the world. Far from being moribund, Mohammedanism is a militant and proselytizing faith. It has already spread throughout Central Africa, raising fearless warriors at every step; and were it not that Christianity is sheltered in the strong arms of science - the science against which it had vainly struggled - the civilization of modern Europe might fall, as fell the civilization of ancient Rome.
The goal: get Europe competing head-on with the American and Chinese tech giants it has lagged behind for decades.
America doesn't invest directly in its tech companies. One of these things is not like the other... (Everybody sing!)
At one time Nokia did “have the chops”. Its cell phones were “the best” for the price when I got my first cell phone - about 1996/7. I think every U.S. cell phone telecom was selling Nokia phones at the time; I got mine from AT&T. I guess Apple, Motorolla (Android) and others already had ideas in the can and were doing more R&D when Nokia was resting on its laurels. I don’t think that was due to any Finish government decision, as they did not acquire a stake in Nokia until 2018. I think that was purely a fact that Nokia was bested by competitors. When they were hot they surely had no lack of access to the U.S. market/marketplace, so I don’t think it was any American “nationalism” that they lost out to.
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