published by William J. Holstein on 6 March 2014 - 1:36pm
It wasn't too long ago that the world's automobile industry was worried that Chinese automakers would surge onto the world's stage. I knew from looking at GM's relationship with SAIC in Shanghai that it would not be easy for the Chinese mostly because of their poor commitment to quality. But this article about SAIC in Thailand reveals two more impediments. First, they have no way of knowing what a market wants. They are accustomed to the Chinese market, which retains a strong element of state planning and state control. Secondly, they couldn't get along with their Thai managers.
published by William J. Holstein on 10 February 2014 - 9:20am
I think this letter to the editor nails what is really happening in the American economy:
"Every time the media reports on our 'recovering' economy, I feel as if it is reporting about another country. I'm a highly educated middle-class worker (a teacher), and I've been laid off three times in the past seven years. Everyone I know is struggling economically, either having been laid off or afraid of being laid off. Many are permanently unemployed.
published by William J. Holstein on 10 February 2014 - 9:13am
I wish to congratulate the Times yet again. They are following closer and closer on my heels. I am beginning to feel the competitive pressure! Here they are, just after my previous blog on Puerto Rico:
published by William J. Holstein on 7 February 2014 - 4:03pm
I've just come back from a few days in Puerto Rico. Somehow I always find myself in the middle of stories.
This story is about Puerto Rico's financial and economic crisis that is in the headlines. The island, a territory of the United States, owes more than it can pay back to financial markets. Standard & Poor's has downgraded its debt to junk status, meaning it is not considered investment grade.