MEANWHILE BACK IN AMERICA
Today’s Wall Street Journals headlines read, “WALL STREET BACK ON TRACK TO AWARD RECORD PAY”. By contrast, the headlines in the L.A. Times business section included, “DEFAULTS LIKELY TO KEEP RISING”. “Major U.S. Banks and securities firms are on pace to pay about $140 billion this year, a record high that shows compensation is rebounding [...]
CHINA BUYS THE WORLD
That is the front cover story of this week’s Fortune magazine. How crass is that for a headline? If that is the case it appears this rogue nation and enemy of America have caught the Wall Street “bug”. Apart from 150 billionaires and a few other wealthy crooks, 99.9% of China’s population lives below the [...]
WHEN WILL THE GOOD TIMES OF INTERNATIONAL AIRFREIGHT RETURN?
In my opinion not for a long, long while. Many mature countries like the United Kingdom for instance has for many years seen a shrinking air export market. Sure until a year ago this was offset by surging imports (the bulk of which were from China) but now that the bubble has burst there, U.K. [...]
LET’S “PRAY” THIS IS THE START BEFORE THE AVALANCHE
Jeffrey Immelt, CEO of G.E. now claims overseas outsourcing has gone too far and recently conceded his company must start bringing its overseas manufacturing back home for the long term good of his company and country. Time will tell to see if his words are matched by his actions. I have little faith in Immelt [...]
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