Knockoffs of famous brands — Coach, Kate Spade and others — are mostly made in China and arrive at U.S. shores through clandestine channels built to dodge authorities. The authentic purses and their components, also made in China, are shipped through official routes and will face Trump’s proposed new duties of 10 percent effective next Monday.
This all stacks up in favor of the counterfeit labels at every step of their illicit journey: from factory floors in China to street vendors in cities worldwide. WaPo.
There was a young lass from Granada
who purchased a counterfeit Prada.
She also bit on
fake Louis Vuitton
for her cheap fashion armada.
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In South Korea, there are more than 600 installed industrial robots for every 10,000 workers in manufacturing facilities. In Japan there are more than 300 and in the United States nearly 200. Profit maximization, and the relatively high cost of human labor, helps drive automation. The average hourly cost of a manufacturing worker is $49 in Germany and $36 in the U.S. The hourly cost of a robot is $4. Pew Research Center.
I think it an awful disgrace
a robot will soon take my place
on factory floor,
thus making me poor,
and winning the vicious rat race.
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The Dow Jones Industrial Average and the S&P 500 climbed to hit new intraday highs Thursday as expectations for another surge in corporate profits helped investors look past the latest trade sparring between the U.S. and China. WSJ
They say it's a very good sign
the Dow Jones is over the line.
But I hesitate
to throw a big fete;
remember 1929?
Vidhi Doshi, of the Washington Post, responded to the above with his own limerick:
has everyone forgotten the crash?
of '08 when we all lost our cash
maybe im grim
keepin it trim
maybe its time for a big splash
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