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SoftBank Group Corp. Chief Executive Officer Masayoshi Son told President-elect Donald Trump he would create 50,000 new jobs in the U.S. through a $50 billion investment in startups and new companies.
The money will come from SoftBank's previously announced $100 billion technology fund, according to a person familiar with the matter. That investment vehicle has a $45 billion commitment from the government of Saudi Arabia and $25 billion from Tokyo-based SoftBank, which operates technology and wireless companies around the world.
[...] Some investments from SoftBank's fund, which was unveiled in October, were probably destined for the U.S. anyway, given the nation's leadership in the global technology industry. But Son hadn't previously committed to creating a specific amount of jobs through the investment vehicle.
More coverage from Washington Post and Reuters.
(Score: 2) by linkdude64 on Thursday December 08 2016, @03:20PM
Twain also said "Loyalty to the Nation all the time, loyalty to the Government when it deserves it."
USA! USA!
(Score: 0) by Anonymous Coward on Thursday December 08 2016, @03:38PM
You seem to think that's endorsement of your argument.
Its an indictment.
(Score: 2) by linkdude64 on Friday December 09 2016, @05:18PM
Confusing the country - and it's people - with the government is common. You are likely one of the people who conflate "white people" and "love of the government."
Do you know which racial group "preps" for all-out war with the government more than any other? Which racial group stockpiles thousands of rounds of ammunition, dozens of weapons, etc., etc., for that sole purpose?
It's white people. Rednecks. People who hate authority, because America was founded on hating authority, but loving the country.
As somebody who is likely a globalist - meaning, somebody who believes borders should not exist, yet, probably locks their door at night - it is going to be difficult for you to understand.