tag:blogger.com,1999:blog-7895164153505105997.post4890255994075607913..comments2024-01-17T00:45:37.075-08:00Comments on Bud Meyers: China now ranks #1 in World EconomyBud Meyershttp://www.blogger.com/profile/02065020063363023395noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-7895164153505105997.post-4718826319966013722015-02-23T18:40:58.285-08:002015-02-23T18:40:58.285-08:00One Supersized China To Go, Please
China achieved...One Supersized China To Go, Please<br /><br />China achieved thier record-breaking economic miracle by studying America's forgotten protectionist history, a point made in veteran intelligence expert Michael Pillsbury's new book "The Hundred-Year Marathon" when a Chinese defector reveals their education/training in America economic history. For the reader inclined to understand intelligence failures, and China's "Warring-States" perception of us, I strongly recommend this book. But with that said, my focus remains basic economic theory in order to fix ourselves, not global conflicts or politics. China obviously does not need my advice; it understands economics. As one American importer observed, "China gets it." The proof is in the real GDP. <br /><br />http://www.economicpopulist.org/content/one-supersized-china-go-please-5689Bud Meyershttps://www.blogger.com/profile/02065020063363023395noreply@blogger.comtag:blogger.com,1999:blog-7895164153505105997.post-14376953375107250022014-12-23T10:17:59.338-08:002014-12-23T10:17:59.338-08:00(Economy in Crisis) China’s “Gift” To America For ...(Economy in Crisis) China’s “Gift” To America For Christmas: Billions in More Debt<br /><br />"September 2014 was a record-setting month for our trade deficit with China. The United States imported $44.9 billion dollars worth of Chinese goods but only exported $9.3 billion to them. We are nearly buying nearly five times as much goods from the Chinese as they buy from us! What is worse is that China has officially become the largest economy in the world."<br /><br />SOURCE:<br />http://economyincrisis.org/content/chinas-gift-to-america-for-christmas-billions-in-more-debtBud Meyershttps://www.blogger.com/profile/02065020063363023395noreply@blogger.comtag:blogger.com,1999:blog-7895164153505105997.post-88716760539929319942014-12-11T17:48:46.802-08:002014-12-11T17:48:46.802-08:00neo-liberal trade policies have really been a boon...neo-liberal trade policies have really been a boon to the middle class... oh wait ... you mean Ross Perot was right?<br /><br />That's not what all the very serious people said? I'm confused (sarcasm)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7895164153505105997.post-967329573151961312014-12-10T13:41:12.751-08:002014-12-10T13:41:12.751-08:00China puts the U.S. to Shame:
Yum! Brands (e.g. K...China puts the U.S. to Shame:<br /><br />Yum! Brands (e.g. KFC, Pizza Hut, etc.) continues to open new stores in China. Yum already has 6,400 restaurants in almost 1,000 Chinese cities, and plans to open another 700 new stores next year. China is "the best restaurant opportunity of the 21st century with a consuming class that is expected to double from 300 million to more than 600 million people by 2020," according to the company website. "We continue to invest behind the development of our emerging brands in China."<br /><br />http://money.cnn.com/2014/12/09/investing/yum-kfc-china/ <br /><br />Facebook CEO Mark Zuckerberg last week was hosting a Chinese Communist Party official whose responsibility includes preventing Facebook from entering China. In the Western media, Lu is described as China’s “Internet czar,” implying that he is the gatekeeper who decides which Western Internet giants can do business in China. Because China now has the world’s largest population of Internet users (estimated at 640 million in 2014), no responsible CEO of an American technology company can afford to write off this huge market.<br /><br />http://fortune.com/2014/12/10/mark-zuckerberg-rupert-murdoch-china/<br /><br />China opens 32 high-speed rail routes in grand expansion. China has the world’s largest high-speed rail network, which keeps the growing population and economy connected. The world’s fastest passenger train is also in China - the Shanghai Maglev Train can reach speeds of over 430 kilometers (260 miles) per hour. Chinese trains will arrive in the US before any tracks, as one of the two biggest state-owned train makers, China CNR Corp, has sold 284 cars to Boston’s metro in a $537 million contract. <br /><br />http://rt.com/business/212719-china-opens-high-speed-train/<br /><br />And speaking of trains: Madrid mayor welcomes first cargo train from China after epic 8,111-mile rail trip inaugurates the longest rail link in the world.<br /><br />http://www.theguardian.com/business/2014/dec/10/silk-railway-freight-train-from-china-pulls-into-madridBud Meyershttps://www.blogger.com/profile/02065020063363023395noreply@blogger.comtag:blogger.com,1999:blog-7895164153505105997.post-87501901227510076122014-12-10T07:12:18.215-08:002014-12-10T07:12:18.215-08:00Supreme Court Rules Against Workers: On Tuesday, t...Supreme Court Rules Against Workers: On Tuesday, the U.S. Supreme Court came down unanimously against a group of temporary workers in Amazon warehouses. The workers were required to undergo mandatory, unpaid theft screenings once their shifts ended, and their case (Integrity Staffing Solutions v. Busk) focused on whether they should be compensated for that time. Addressing the workers' arguments, the court's opinion, delivered by conservative Justice Clarence Thomas, included this curious line: "These arguments are properly presented to the employer at the bargaining table … not to a court in an FLSA claim." It's not clear whether the irony was intended. Amazon's U.S. warehouses, of course, are entirely non-union. Workers, therefore, have no bargaining table at which to sit, a fact noted Tuesday by the National Employment Law Project, an advocacy group for low-wage workers.<br /><br />http://www.huffingtonpost.com/2014/12/09/clarence-thomas-amazon-ruling_n_6297082.html<br /><br />Remember Greed Is Good: "The one almost overriding reason markets will likely keep rallying through year-end is Wall Street players need a good rally to make year-end bonuses and keep their jobs."<br /><br />http://etfdailynews.com/2014/11/17/dow-jones-industrial-average-sp-500-remember-greed-is-good/<br />Bud Meyershttps://www.blogger.com/profile/02065020063363023395noreply@blogger.com