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Elon’s China over India Choice Gets Warning from Vivek Wadhwa

Elon’s China over India Choice Gets Warning from Vivek Wadhwa

pgnewser May 14, 2024

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Excerpt from www.ndtv.com

“Warned Elon Musk” Against Picking China Over India: Entrepreneur Vivek Wadhwa

Indian-American academic, entrepreneur and author Vivek Wadhwa on Monday said that he had warned the Tesla and SpaceX CEO Elon Musk not to pick China as they would “rob him blind” and instead asked him to consider moving manufacturing to India.

Quoting the Director of Centre for Russia Europe Asia Studies, Theresa Fallon, in a post on X, who said that US and European automakers are failing in China because “they were looking only for short-term gain and transferring technology, management techniques and know-how to China,” Vivek Wadhwa said that he had “exchanged emails with Musk about the risks in China a few years ago.”

… “Elon is going to be the biggest loser here. I warned him they would rob him blind and urged him to consider moving manufacturing to India instead, where he would have dominated the market by now,” he wrote.

New U.S. Immigrants Hit 50 Plus Percent Unemployment Rate – freedomist.com

New U.S. Immigrants Hit 50 Plus Percent Unemployment Rate – freedomist.com

pgnewser May 14, 2024

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Excerpt from freedomist.com

It turns out all the claims that American needs immigrants because there are more jobs than people might not be as true as many have been claiming for the past decade. The Center for Immigration Studies (CIS) released a report that of the immigrants who have arrived in the U.S. after 2022, only 46 percent are gainfully employed.

Elon Musk’s ‘absolutely hardcore’ Tesla layoffs continue– qz.com

Elon Musk’s ‘absolutely hardcore’ Tesla layoffs continue– qz.com

pgnewser May 7, 2024

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Excerpt from qz.com

Elon Musk’s “absolutely hardcore” layoffs won’t stop coming as Tesla employees announce their terminations on social media.

Wegovy and Ozempic: Are we ready for weight loss drugs?

Well over a dozen Tesla employees took to LinkedIn on Monday to tell their networks they are now out of a job. It was unclear Monday afternoon how many workers have been affected by the latest round of job cuts. While at least one worker said they were directly informed by their manager, it’s likely that many found out by email.

“You will not need to perform any further work and therefore will no longer have access to Tesla systems and physical locations,” an email shared by one now-former Tesla worker said. “We understand this news is difficult and are committed to supporting you through this transition,” the email continued, before informing them that additional information would be sent within 48 hours.

Lowe’s shuts 51 more stores in US, Canada– www.aol.com

Lowe’s shuts 51 more stores in US, Canada– www.aol.com

pgnewser May 7, 2024

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Excerpt from www.aol.com

(Reuters) – Home improvement chain Lowe’s Companies Inc announced the closure of another 51 underperforming stores in the United States and Canada on Monday as it strives to compete with rival Home Depot Inc in a slowing housing market.

Lowe’s gave no detail of job losses in the move, which closes stores in some upmarket areas including Broadway and Chelsea in Manhattan and follows the shutdown of 99 Orchard Supply stores in California.

Buffeted in recent quarters by the impact of a long winter in North America, Lowe’s has been striving to find ways to catch up with the long-time sector leader Home Depot, each of whose stores on average generate almost twice as much in sales.