What is the world coming to? Today I read in the paper that the US government may take stakes in the Big 3 Automakers, effectively making them government subsidiaries? (http://online.wsj.com/article/SB122875608562688401.html?mod=special_page_campaign2008_mostpop) And then there is the news on the China Communist Party and the Taiwan Nationalist Ruling Party sitting down for talks (http://www.forbes.com/afxnewslimited/feeds/afx/2008/12/08/afx5795745.html ) …would never had thought as I was growing up that this would happen. And then in entertainment, I hear Jay Leno may be moving…to Prime Time> (http://www.nytimes.com/2008/12/09/business/media/09leno.html?em )
Sorry, slow news day and these just seemed interesting. But seriously, it seems so unusual that the US Government, after all the criticism we give others for supporting national airlines or banks, or other industries (ie airbus) now needs to resort to the same tactics because the upper management in these automakers are too far out of touch with reality and did not realize they were running their companies into the ground? Reminds me of the furni ture companies in places like North Carolina, which sadly, have closed factory town after factory town, leaving thousands unemployed in the past decades because they could not see past their own borders to realize they needed to innovate or die. Not saying any of these industries should die, or shouldn’t be supported. I just hope that the managers who are responsible for this mess are held accountable for their poor judgment over the long haul and for the suffering this will cause so many Americans, workers and stock holders alike.
And then there is this Taiwan China thing. Its been going on all my life and I still remember watching movies as a kid like “800 Heroes”, which incidentally portrays the battle for the Si Hang Warehouse along the Suzhou Creek here in Shanghai, where the nationalist troops are the heroes, and other war films and shows that portrayed the Nationalist (KMT) troops as the good guys, in clean polished uniforms while the Communist troops looked ragged. Then, fast forward to arriving here in China and watching TV and realizing on TV here, the good looking troops were all Communist with good looking women officers and such too, while the bands of rag-tag ones were the Nationalists. And now, some sixty years later, they are finally meeting to talk about their common interests. Both sides are patriots and probably have more in common than not these days. I wish them good luck.
And finally, prime time Jay Leno… need I say more? Obviously I am not in the States now, but I wonder seriously… CSI or Jay?
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