Foxconn to replace workers with 1 million robots in 3 years
English.news.cn 2011-07-30 01:42:14
SHENZHEN, July 29 (Xinhua) — Taiwanese technology giant Foxconn will replace some of its workers with 1 million robots in three years to cut rising labor expenses and improve efficiency, said Terry Gou, founder and chairman of the company, late Friday.
The robots will be used to do simple and routine work such as spraying, welding and assembling which are now mainly conducted by workers, said Gou at a workers’ dance party Friday night.
The company currently has 10,000 robots and the number will be increased to 300,000 next year and 1 million in three years, according to Gou.
I believe the very mild winter thus far (at least in the northeast and midwest) has encouraged window shopping.
Confidence among U.S. homebuilders rose in January to the highest level in more than four years as sales and buyer traffic improved.
The National Association of Home Builders/Wells Fargo sentiment gauge increased to 25 this month, exceeding the median forecast of economists surveyed by Bloomberg News and reaching the highest level since June 2007, the Washington-based group said today. Readings lower than 50 mean more respondents still said conditions were poor. Record-low borrowing costs, a growing population and reduced prices may drive demand for homes this year even as another round of foreclosures threatens to weigh on the market. The confidence measure, which increased for a fourth straight month, improved in all four regions of the U.S.
~~~
BR: Dont forget that homebuilders have shifted from single family homes to building multi family rental units and aprtments
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Lots of conservative site reading today, but I think you´ll like them anyway.
Free Speech: An Unintended Victim of Protect IP and SOPA?
http://blog.heritage.org/2012/01/18/free-speech-an-unintended-victim-of-protect-ip-and-sopa/
The Internet Is Not .gov’s to Regulate
http://www.cato-at-liberty.org/the-internet-is-not-govs-to-regulate/
Why I’m Suing Barack Obama
http://www.truthdig.com/report/item/why_im_suing_barack_obama_20120116
To join 1%, study life sciences, STEM, or econ/business/finance. Or inherit and major in art history or area studies
http://nyti.ms/zKgxMB
Average shareholding lasts 22 seconds – http://www.telegraph.co.uk/finance/personalfinance/investing/9021946/How-long-does-the-average-share-holding-last-Just-22-seconds.html
just for grins, this satellite photo of cruise ship is so sharp it looks like Photoshop
http://www.businessinsider.com/satellite-image-capsized-costa-concordia-2012-1
Streeteye – thanks for posting link to vvg shareholding – 22 sec – Just stunning.
Consensus view – - Wall Street is rigged. Run by crooks with super computers —
No wonder average investors are stuffing money in their mattress instead of stock market.
What about that transaction tax?
How’s that for competitiveness? Jon Stewart’s video on the Foxconn workers and more
http://whataboutmarx.blogspot.com/2012/01/hows-that-for-competitiveness-jon.html
@tsouftsaf Says: said “How’s that for competitiveness? Jon Stewart’s video on the Foxconn workers and more
http://whataboutmarx.blogspot.com/2012/01/hows-that-for-competitiveness-jon.html”
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Actually, Foxconn is upping the ante:
Foxconn to replace workers with 1 million robots in 3 years
English.news.cn 2011-07-30 01:42:14
SHENZHEN, July 29 (Xinhua) — Taiwanese technology giant Foxconn will replace some of its workers with 1 million robots in three years to cut rising labor expenses and improve efficiency, said Terry Gou, founder and chairman of the company, late Friday.
The robots will be used to do simple and routine work such as spraying, welding and assembling which are now mainly conducted by workers, said Gou at a workers’ dance party Friday night.
The company currently has 10,000 robots and the number will be increased to 300,000 next year and 1 million in three years, according to Gou.
…
http://news.xinhuanet.com/english2010/china/2011-07/30/c_131018764.htm
“Calpers Downsizes Housing Portfolio”
The market-timers er… a… employees who get big salaries to beat the indices and don’t.. er… a… CALPERS dumps the last of their housing.
The bottom’s in.
Gingrich Paid $60,000 for speech praising Private Equity.
http://www.bloomberg.com/video/84449900/
Whoops.
When are people going to see this blowhard’s spinning for what it is?
lawmakers get specials from banks
http://online.wsj.com/article/SB10001424052970204468004577167311547612288.html
Homebuilders get more optimistic.
I believe the very mild winter thus far (at least in the northeast and midwest) has encouraged window shopping.
Confidence among U.S. homebuilders rose in January to the highest level in more than four years as sales and buyer traffic improved.
The National Association of Home Builders/Wells Fargo sentiment gauge increased to 25 this month, exceeding the median forecast of economists surveyed by Bloomberg News and reaching the highest level since June 2007, the Washington-based group said today. Readings lower than 50 mean more respondents still said conditions were poor. Record-low borrowing costs, a growing population and reduced prices may drive demand for homes this year even as another round of foreclosures threatens to weigh on the market. The confidence measure, which increased for a fourth straight month, improved in all four regions of the U.S.
~~~
BR: Dont forget that homebuilders have shifted from single family homes to building multi family rental units and aprtments