Posted on 12/18/2023 1:00:33 PM PST by ChicagoConservative27
Sen. John Fetterman (D-Pa.) vowed Monday to work to block the $14.9 billion sale of U.S. Steel Corp. to Japanese steelmaker Nippon Steel, which he described as an “outrageous” move.
The deal was announced Monday, prompting the stock prices of U.S. Steel to jump up 25 percent. Fetterman criticized the sale, saying in a post on X, the platform formerly known as Twitter, that the move was “wrong for workers and wrong for Pennsylvania.”
(Excerpt) Read more at thehill.com ...
He won’t switch parties. But it’s worth noting that political party affiliation means less in Pennsylvania than it does in most states.
The steel mill is not leaving.
Probably a lipoma.
You can look up
Removing a Stubborn Lipoma Off Patient’s Neck | Dr. Pimple Popper
on You Tube if you’re not squeamish. :)
The truth is, a rival US company called Cleveland-Cliffs is trying to take over USS. This Nippon bid is probably an attempt by USS to see if they can get a higher bid from Cleveland.
UH, OH
Sounds like someone (in this case, a democrat) didn’t get their cut...
He’s not up for re-election yet. 4 more years.
PA made the right choice.
Must be the payoff from China finally reached his office.
Real question
Do you want the company and assets to leave the country?
Fetterman is an idiot, but this is not a good thing.
US Steel sent a lot of it’s products to Japan via bombers. Japan may not talk about it, but they have not forgotten.
He is probably just running for reelection. Lately he sounds like he does have a brain.
Hahahaha. Yea. Us Steel is on the verge of bankruptcy… what utter nonsense
Political ideological dogma can be checked at the door
US Steel is a profitable if smaller enterprise it is not on the verge of collapse. It’s shrunk size does make it a prime acquisition candidate for other players but hardly are they on the verge of closing down
That is surprising for an American politician to want to keep a main industry owned by Americans.
He isn’t up for election again for over 4 years... 2028.
It was a lipoma. My sister, RN-NP, operated on a number of them, at the Kaiser Permanente clinic at UCSF, but I’d forgotten the medical name. Thx.
Interesting? When was that done? Was the cyst removed by a Penna doctor or a DC doctor? How long did he have the cyst before it was removed? Was a biopsy done on the mass? Is there a report that says it was benign? How do you know this information?
Confounding almost the entire investment community, the Japanese have continued to pour billions of dollars into United States real estate, a new study reported today.
The study also shows that the Japanese are no longer buying strictly top-of-the-line office towers in New York, Los Angeles and San Francisco. Now, they are acquiring properties ranging from combined retail-and-office complexes to industrial warehouses and are venturing to cities where they have not spent heavily before, including Chicago, Atlanta and Boston.
The study, by Kenneth Leventhal & Company, a Los Angeles-based accounting and consulting firm, said Japanese investors spent $8.96 billion on real estate in this country from Jan. 1 to Aug. 31 and will spend $7.04 billion more by year-end. The eight-month figure is a record, as would be the $16 billion total for the year. Predictions Were Way Off.
However, this was a few years ago...
https://www.nytimes.com/1988/10/10/business/japanese-lift-purchases-of-us-property.html
Not his election - though they could add him as VP…
Fetterman has been saying some interesting things lately....
The real test will be what he has to say when CHINA wants to buy it.
What did President Truman threaten to do to the striking railroad workers?
How did Truman respond to striking workers in 1946?
As a result, on May 24, 1946, Truman issued an ultimatum declaring that the government would operate the railroads and use the army as strikebreakers.
When the deadline passed, Truman went before Congress to seek the power to deny seniority rights to strikers and to draft strikers into the armed forces.
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