PREVIEW: #STEEL: Conversation with colleague Salena Zito of Washington Examiner on the across the political canvas opposition to the proposed sale of US Steel to Nippon Steel of Japan -- and the detail of what heavyweight is for the sale. More later toni
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 19 April 2024
⏱️ 2 minutes
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1904 Pittsburgh
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| 0:00.0 | This is John Bachelor. |
| 0:02.0 | Nippon Steel bidding for U.S. Steel, headquartered in Pittsburgh, Pennsylvania, conversation with |
| 0:08.5 | Salina Zito of the Washington Examiner and the Wall Street Journal. |
| 0:12.7 | Lining up against the deal, the President of the United States, |
| 0:16.3 | Senators from Pennsylvania, governors from Pennsylvania, |
| 0:19.8 | across the whole of the state against the sale of US Steel, headquartered in Pittsburgh, to Nippon Steel. |
| 0:28.6 | You would think at that point the decision was made. |
| 0:32.0 | The union's against it. the workers are against it, but what's for it? |
| 0:37.5 | So Lena introduces the four vote and this means that the issue is not resolved ahead of us. |
| 0:45.0 | Selina Zito, before the sale of U.S. Steel to Nippon Steel. |
| 0:52.0 | However, you see, as you point out Wall Street, the shareholders, the ownership of, which is the ownership of U.S. Steel. By the way, none of which is the ownership of US Steel. |
| 1:03.6 | By the way, none of which live in Pittsburgh |
| 1:08.4 | or live near anywhere a plant, you know, are all for this. Now the argument from U.S. Steel, and I think |
| 1:20.8 | they're right, is that this infusion of cash will secure their jobs for a while. |
| 1:30.0 | That may be true, I think they're right there, but long term, you know, when you have a company that is basically run by ghosts, meaning people who aren't invested in the community people who don't live near |
| 1:46.2 | the community you see what's happening currently with US Deal that it's just sort of broken |
| 1:52.1 | off and moved around and there's no reinvestment in |
| 1:57.0 | in the infrastructure of their plants and eventually you just see the demise of this field. |
| 2:05.0 | More of this later tonight. |
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