Two interesting items from today’s Wall Street Journal:
- India’s manufacturing sector grew faster than its services sector in the last quarter and we all know how well the services sector (fueled by outsourcing of US software work) has grown over the past few years.
- Chinese automobiles will be imported into the US starting in 2007. The importer is Malcolm Bricklin, who introduced one failure (Yugo) and one success (Subaru) into the US car market. Who knows what will happen with this one? Bricklin says the cars will be 30% cheaper than comparable ones and he’ll be offering a 10 year, 100,000 mile warranty, which could be perceived negatively as much as positively. He has been able to convince Allen & Co. to act as his financial adviser; they’ve had a fair amount of success with Asian companies.
It’s just another sign that we have to improve our act in reality, not simply in words.
No comments:
Post a Comment