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It's not only about avocados and auto parts. Imports from Mexico can be found in almost every part of the US economy.In the first three months of the year, Mexico has moved past Canada and China to become the United States' largest trading partner, in terms of the value of goods moving back and forth over the border, with about billion a month in imports and exports so far this year.The tariffs President Donald Trump has threatened against Mexico would be broad, covering basically everything coming north across the border. They aren't targeted, the way tariffs are typically levied. The impact on business, consumers and the economy could be similarly widespread."This is going to be felt by every sector and it's going to be felt by consumers. Not just by businesses. Not just the auto industry. It's going to be felt more widely and deeply than previous tariffs were felt," said Neil Bradley, chief policy officer for the US Chamber of Commerce.Economists, stunned by the Trump administration's recent action against Mexico, were not prepared to make predictions about how much prices will increase for Americans, because they never considered such an action would take place. Blindsided businesses haven't had time to determine how to replace existing supply chains with other sources, adding stress to American companies.But some industries could be particularly hard-hit by tariffs on Mexican goods.AutosThe United States imported billion of auto parts from Mexico last year and an additional billion in completed cars. Deutsche Bank estimates that if the tariffs reach 25%, it will add an average of ,300 to the price of US cars.Demand for American-made cars could plunge 18% if the tariffs are enacted, according to that estimate. That would be the biggest drop in car sales since the auto industry teetered on ruin ten years ago during the Great Recession.ElectronicsA fifth of computer and electronic equipment imports come from Mexico, according to Goldman Sachs. That's about billion a year in electronics. Mexican televisions, monitor displays and equipment came to more than billion, or more than 35% of those imports.The United States is also set to raise tariffs on imports from China, which is another huge source of electronics. Businesses in that sector probably won't be able to escape increased costs.OilAmerica's oil industry is booming, but Mexico has become an more important source of oil for the United States, because of the cutback in production by Saudi Arabia and other OPEC nations, as well as the virtual halt of oil coming in from Venezuela.Mexico sent about billion worth of oil a month north across the border so far this year. That accounted for about 10% of all US oil imports so far this year -- nearly as much as Saudi Arabia exported to the United States. Gas prices have been stubbornly high this year because of the OPEC and Venezuelan cutbacks, and tariffs on such a significant source of oil could boost prices even further.Wires, cables and conductorsThe United States imports billion worth of Mexican wires, cables and conductors: about 50% of America's imports in the market. Although it's not the type of product that many consumers think about, American manufacturers use the components to make all types of goods.The the low-cost supply from Mexico makes the American goods they go into competitive.Food productsEating healthy is going to get more expensive with a 25% tariff on the billion worth of vegetables imported from Mexico. About 35% of all vegetable imports to the United States come from Mexico.Add in beverages, meats and cereal and Mexican food imports top billion, or about 26% of all imported food to the Untied States, according to Goldman Sachs' figures.A 25% tariff on avocados would raises costs in the United States by 5 million each year, said Johan Gott, principal at consulting firm AT Kearney. Tomatoes would cost 0 million more. Cucumbers prices would rise by 6 million, and asparagus would cost Americans 7 million each year.If the tariff remains at 25%, the cost to the beer industry will be 4 million per year, according to the Beer Institute, a trade association for the brewing industry.Air conditioners, refrigerators, furnaces and ovensMexico exported .4 billion worth of appliances to the United States last year, which amounted to 44% of American imports in that sector, according to Goldman Sachs.Dishwashers, laundry machines and other household appliances added another .1 billion worth of imports from Mexico.A potentially bigger threatThe tariffs won't apply to the goods that American farmers and manufacturers send to Mexico. But Mexico could quickly levy their own tariffs on US goods."What we've seen in the last year, when one country raises tariffs, retaliation is not far behind," said John Murphy, senior vice president, international affairs, for the US Chamber of Commerce, one of the groups opposing the tariffs."Tariffs are sand in the gears of the economy," he said. "They reduce our competitiveness." 5076
Larry Tesler, the Silicon Valley pioneer who created the now-ubiquitous computer concepts such as “cut,” “copy” and “paste,” has died. He was 74.He made using computers easier for generations as a proponent and pioneer of what he called “modeless editing.” That meant a user wouldn’t have to use a keyboard to switch between modes to write and edit, for example. “The inventor of cut/copy & paste, find & replace, and more was former Xerox researcher Larry Tesler. Your workday is easier thanks to his revolutionary ideas,” Xerox 550
Lawrence County, Indiana, prosecutors filed criminal charges Thursday against a Mitchell Community Schools nurse for stealing students' medication and ingesting it herself.Carol Sanders is charged with felony official misconduct, felony neglect of a dependent and five counts of misdemeanor theft.Police arrested Sanders Thursday and she was booked into the Lawrence County Jail.A staff member at Burris Elementary launched an investigation earlier this month after medication belonging to students went missing.Sanders admitted to stealing amphetamines, Ritalin, Zyrtec and other medications from students at Burris Elementary and Hatfield Elementary.The school nurse also admitted to replacing some of the students’ medications with baby aspirin.Sanders said she stole the medications between February 25 and March 7 of 2019, court records show.“Carol stated she stole the medication because she is an addict,” read the probable cause affidavit. “Carol admitted to needing help with her addiction.”Carol Sanders also admitted that this is not the first time she’s been terminated from a nursing job for stealing and ingesting medication.Sanders said she omitted that information to the school district during the hiring process.Superintendent Dr. Mike Wilcox said the district performed an expanded criminal history check and no prior history was reported.Wilcox provided the following statement. “The Mitchell Community School Family is deeply concerned about this event. This, or any other, issue that forces us to question the safety of any Mitchell student immediately becomes our top priority. Our outstanding school administrators and school resource officer responded firmly, fairly, and in a timely manner. The parents of our students effected by this event, who were contacted immediately and have shown remarkable support. Mrs. Sanders is no longer employed by Mitchell Community Schools. She has submitted her letter of resignation, The Mitchell team of students, families, community members, and educators will continue to analyze current practices and collaborate on best solutions in regard to all Mitchell students."Sanders is scheduled for an initial hearing in Lawrence County on March 25. No attorney is listed for her. 2251
It appears that Wayne Newton's former home Casa de Shenandoah has been sold.According to Clark County records, his 36-acre ranch sold for .56 million on July 22, 2019.Newton's former ranch, which includes a white mansion and 6 other homes and stables, was sold to Smoketree LLC, which has a Las Vegas address. In addition, a nearby commercial property at 3310 E. Sunset Road that was home to a gift shop and theater was sold on Sept. 24, 2019. The commercial property was sold to Harsch Investment Properties, which brought several other parcels in the same area. The properties were sold by ICSD LLC, which is based in Texas.ICSD purchased the properties in 2010 and transformed it into a tourist attraction. However, it was eventually placed into Chapter 11 bankruptcy proceedings. Newton initially had a 20 percent stake in the company. It is now controlled by business executive Lacy Harber. Newton originally purchased the property in 1966. This article was originally written by Joyce Lupiani for KTNV. 1022
Israel's Beresheet, the first privately-funded mission to the moon, has crashed.The spacecraft aimed to perform a soft landing on the moon and would have made Israel the fourth country to do so -- and by far the smallest. Only the United States, the former Soviet Union and China have done it before."I am sorry to say that our spacecraft did not make it in one piece to the moon," said Opher Doron, the manager of Israel Aerospace Industries' Space Division."We made it all the way to the moon. This is a great accomplishment. We are the seventh country to make it all the way to the moon."The 0 million spacecraft, built by SpaceIL and Israel Aerospace Industries, lost communications with the control room in Israel during the landing sequence. As program managers who had been watching the mission in real time tried to re-establish communications, they also dealt with issues in the spacecraft's main engine.At the time of the communications failure, the Beresheet was traveling at approximately 2,110 mph and was about 120 kilometers (about 74 miles) from its intended landing site."There is a suspicion that we did not land on the moon in the best fashion. We are trying to clarify the matter," a member of the SpaceIL team monitoring the landing sequence said.The spacecraft crashed in the last part of its journey, moments before it was supposed to land.SpaceIL was founded eight years ago to compete for the Google Lunar XPrize. The contest offered million for the first privately funded team to launch a spacecraft to the moon, transmit high-definition video and travel 500 meters in any direction.The XPrize was cancelled in January 2018 but the Israeli team decided to continue its pursuit of the moon landing.The Beresheet spacecraft was launched on board a Falcon 9 rocket in late February. It traveled a total of 4 million miles to the moon, soaring around the Earth before entering orbit around the moon. 1940