GLOBALIZATION – A FAILURE OF MAMOUTH PROPORTIONS
I have always claimed I see nothing clever about a factory being closed down in Youngstown PA and production moving to Bangladesh, where the cost of labor moves from $20.00/hour to twenty cents. I am about starting lifting the average lot of the desperate in these impoverished nations by creating an environment that pulls them [...]
SO MUCH FOR GLOBALIZATION
Maersk Shipping Lines must be ruing the day they swallowed up so many of their competitors. The price of a container from China to Europe has sunk from $2,700 to just $900 because trade is drying up. China no longer has us by the short and curly. I have always stated we didn’t need their [...]
WHAT A DIFFERENCE A WEEK MAKES
I thought rock bottom was hit when the bailout received a negative response from the share market, but it has gone from bad to worse. Why? Hedge Fund operators (like the cowboys in the pits of the Mercantile Exchange operations in N.Y. and Chicago over the prices of oil futures) have lost their control over [...]
I Predicted It, But Not This Way!
The latest cheap manufacturing site for large European (please note not U.S.) companies is not Asia or Eastern Europe but the U.S. Unlike greedy disloyal American corporations who are still closing down plants in the United States and moving shop to China, top executives of companies such as Volkswagen, Fiat, ThyssenKrupp and other large European [...]
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