Page 6A
TV TIME
East Oregonian
Friday, December 30, 2016
AP Explains: Did Trump just create 8,000 jobs?
PBS ABC NBC CBS FOX
AM
for Son. Before the election,
Sprint stock was trading for
less than it did after SoftBank
acquired the company. At
the current price of about
$8.80 per share, the value of
SoftBank’s stake has risen
by more than $8 billion
since Trump’s victory. Son
founded SoftBank in 1981
and is the company’s CEO,
chairman and major share-
holder.
Will this boost economic
growth?
The 8,000 jobs sure
sounds like a lot. But the
U.S. economy is so massive
that the figure is basically
a rounding error — repre-
senting just 0.36 percent of the
2.25 million jobs employers
have added over the last 12
months. Ultimately, Trump’s
administration will need to
introduce policies to generate
faster economic growth,
rather than securing promises
from individual companies.
a statement about the invest-
ment. “This is the first step in
that commitment.”
Who are the big winners
from this announcement?
In addition to those who
get hired for the new jobs,
a clear victor is Masayoshi
Son.
Trump twice praised
the Japanese billionaire in
December, signaling that Son
might as well have a direct
line to the White House. This
could be helpful for Son’s
other business plans. Under
the Obama administration,
he saw a marquee deal to
merge Sprint with rival
T-Mobile fail. Regulators
opposed combining two
of the four largest mobile
telecom companies in the
United States. Analysts say a
Trump administration would
be more likely to approve
telecom mergers.
The exposure with Trump
has already been lucrative
December 30, 2016
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R
esolving to
psychologist and
drop some
clinical director Tom
extra pounds
Chida says that it’s
is a popular way to
normal for children
start the new year,
to show elements of
but a bad relationship
narcissism as they
can also be weighing
grow and develop.
you down.
As we grow up,
At a time when
most people learn
Aisha
many people take
Sultan to grow beyond
stock of their
ourselves, he said.
Parents Talk Back
finances, their health
“But some people
and career goals,
don’t. They stay in
the new year is also an
that highly egocentric state.”
opportunity to re-evaluate
Their overconfidence
relationships — with family
masks a fragile self-esteem.
members, partners, friends
The slightest criticism
and social acquaintances.
provokes hostility and
And one of the most
lashing out far greater than
difficult relationships a
the perceived insult.
person can have is with a
Malignant narcissists
narcissist.
enjoy having control and
There may be warning
power over other people.
signs in a problematic
They enjoy exploiting
relationship you’ve been
people for their own
ignoring for years.
advantage, Chida explained.
The label “narcissist”
These are dangerous people
was frequently heard in
to have in your life, capable
the past election year, and
of great harm, aided by their
is often used to describe
lack of empathy. They are
politicians or celebrities. But thin-skinned, controlling,
when does self-absorbed,
power-hungry and unable to
egotistical behavior become
handle the slightest criticism.
a medically recognized
The exact cause of
problem requiring treatment? NPD is unknown, but it’s
And can a person with a
thought to be linked to either
narcissistic personality ever
excessive pampering or
truly change?
excessive criticism in the
Let’s first look at the
parent-child relationship.
characteristics that comprise
Having a personality
the diagnostic criteria for
disorder is different from
narcissistic personality
suffering from a bout of
disorder (NPD). Such a
depression or anxiety,
person exhibits several of
which can be brought on
these traits:
by difficult circumstances.
• Having a grandiose
Personality takes years to
sense of self-importance
form. So it can take years
• Expecting to be
of therapy for a narcissist to
recognized as superior even
attempt to learn new skills
without achievements that
and behaviors, Chida said.
warrant it
That’s not to say a narcissist
• Exaggerating their
is incapable of change.
achievements and talents
But the biggest obstacle
• Being preoccupied with to change may be his own
fantasies about unlimited
psyche, which makes the
success, power, brilliance,
narcissist unwilling to accept
beauty or the perfect mate
a problem within himself.
• Believing that they
The narcissist’s fragile ego is
are superior and can only
so threatened by the notion
be understood by equally
that their manipulative
special people
behavior is problematic
• Requiring constant,
that they reject that idea
excessive admiration
altogether. They blame
• Having a sense
others for their problems.
of entitlement and an
The mentality is “as long
unreasonable expectation of
as this is working for me, I
favorable treatment
presume we are all equally
• Expecting
happy,” Chida said.
unquestioning compliance
If you realize you’re in a
with their demands
relationship with a narcissist
• Taking advantage of
who doesn’t recognize
others to get what they
they have a problem or
want; being exploitative and one who is uninterested in
manipulative
changing, Chida offered this
• Lacking empathy;
straightforward advice:
having an inability or
Run the other way.
unwillingness to recognize
Need help? In the U.S.,
the needs and feelings of
call 1-800-799-SAFE (7233)
others
for the National Domestic
• Being envious of others Violence Hotline.
and believing others envy
■
them
Aisha Sultan is a St.
• Behaving in an arrogant Louis-based journalist who
or haughty manner
studies parenting in the
There’s a reason these
digital age while trying to
attributes may sound familiar keep up with her tech-savvy
to the parents of a toddler
children. Find her on
or teenager. St. Louis-area
Twitter: @AishaS.
6
STATION
KATU News at 6
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(31)
PBS
Can narcissists
ever change?
acquired a controlling stake
in 2013. Sprint has shed
about 9,000 employees
since 2012; it now employs
roughly 30,000, according to
annual reports.
What are the 3,000 new
jobs at OneWeb?
Son’s SoftBank invested
$1 billion this month in
OneWeb, which is building
a network of satellites to
provide broadband internet.
The investment will help
finance the construction
of a factory in Florida that
could produce 15 satellites
a week, generating 3,000
engineering, manufacturing
and support jobs over the
next four years, according to
a December 19 statement.
Son linked his investment
to meeting with Trump.
“Earlier this month I met
with President-elect Trump
and shared my commitment
to investing and creating
jobs in the U.S.,” he said in
Friday Morning
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PARENTS TALK BACK
Are all of Sprint’s
pledged 5,000 jobs at the
company?
No.
Of the 5,000 jobs Sprint
said it would create or bring
back to the United States
in its upcoming fiscal year,
some would be at outside
contractors. The jobs will
help “support” its customer
service and sales teams,
among other divisions at the
company. Details about pay
and benefits are being final-
ized, according to Sprint.
The company also said
it will discuss with business
partners, states and cities
about where to create these
jobs— but a spokeswoman
told The Associated Press
that it will not receive any
federal, state or local govern-
ment incentives for adding
these positions.
Still, Sprint will likely
have fewer workers than
when Son’s firm SoftBank
PREMIUM
WASHINGTON
—
Donald Trump gave himself
kudos for the creation of
8,000 new U.S. jobs by a
Japanese tech mogul, saying
it was proof of “the spirit
and the hope” stirred by his
presidential win.
But for those particular
jobs, Trump was basically
taking a bow for the second
time. The jobs were part of a
public commitment made on
December 6 by Masayoshi
Son upon emerging from
the elevator bank at Trump
Tower after a meeting with
Trump. Son pledged that
companies controlled by his
firm SoftBank would invest
$50 billion in the United
States and create 50,000 jobs.
On Wednesday, Trump
celebrated the planned
creation of 5,000 jobs by
wireless carrier Sprint and
3,000 jobs by OneWeb—
both companies where Son is
a dominant investor.
Speaking from the front
door of his Mar-a-Lago
resort in Florida, Trump did
not outright mention Son’s
previous commitment but
used the opportunity once
again to declare a victory
for U.S. workers. Although
8,000 jobs—on their own—
are unlikely to dramatically
move the needle toward the
faster economic growth he
has promised, the Trump
transition team treated the
jobs as a preview of things to
come.
“This is just the tip of
the iceberg,” spokesman
Sean Spicer told reporters
Thursday.
Ever the dealmaker,
Trump has actively courted
and shamed companies. The
president-elect has pushed
defense contractors Boeing
and Lockheed-Martin to
reduce their costs via his
Twitter account, while he
fulfilled a campaign promise
by preserving 800 jobs at the
Carrier furnace plant in Indi-
anapolis that were previously
bound for Mexico.
With the Sprint and
OneWeb
announcement,
there may be slightly less
than meets the eye. There
is one clear winner, though:
Son, worth an estimated $19
billion. Since the presidential
election, Sprint stock has
soared roughly 40 percent.
Son’s SoftBank controls 83
percent of the Kansas-based
carrier.
Here are some more facts
about the SoftBank commit-
ment.
NIGHT OWL
STATION
PBS ABC NBC CBS FOX
By JOSH BOAK
AP Economics Writer
12
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