Monday, May 23, 2011

"Jobs Council" Members Like Jobs---Overseas


Seven publicly traded U.S. corporations represented on President Barack Obama’s advisory council for jobs and competitiveness — including General Electric Co. (GE) and Intel Corp. (INTC) — have devoted a growing pool of their non-U.S. earnings to investments in other countries. --Bloomberg quoted by Zippers

There are a couple of reasons for that. One GOOD reason is that overseas markets are growing, meaning that shipping products is a noticeable cost. The other reasons? Cheap labor, almost ZERO regulation, and profits don't have to be repatriated and subject to US income taxes.

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