IN SURVIVAL MODE WHAT WORKS, GLOBALIZATION OR PROTECTIONISM?
It appears the only nations who think globalization will get us out of this economic mess are the United States, Great Britain and a few other nutty countries like New Zealand, Belgium and the Netherlands. China, India and Japan are the most protectionist industrial nations on earth, and are even becoming more so as the [...]
IATA STATS TELL A SORRY TALE
Until Bush/Obama started talking $trillions in bail out money a $billion sounded a hefty sum of money. It was only three or fours years ago that Exxon Mobil, the world’s largest company, earned a colossal $40 billion in one year and the world was aghast. When IATA announced this week that the airlines would collectively lose a shade under $5 billion in 2009, it hardly raised an eyebrow.
CHINA, GET OFF THE GRASS!
I know the S & P 500 companies and media still seem to have a love affair with China and refrain from ever making any untoward remarks about the greatest rogue nation in the history of mankind for fear of retribution. So unlike those gutless schmucks of Washington Beltway, the media barons and those narcissistic [...]
WHEN WILL WE HEAR THE REAL TRUTH ABOUT CHINA?
Today’s L.A. Times at long last gave its readers a look into what is really going on in China. During the first half of 2008 companies of all sizes making goods of all descriptions closed down at the rate of nearly 11,000 per month during the first half of the year. Chinese economists are predicting [...]
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