GE is Moving from
Wisconsin . Keep your eye on
Waukesha , Wisconsin ......Their
biggest employer just moved out. General Electric is planning to move
its 115-year-old X-ray division from Waukesha ,
Wis. , to
Beijing . In addition to moving the
headquarters,the company will invest $2 billion in
China and train more than 65
engineers and create six research centers.
This is the same GE that made $5.1
billion in the United States
last year, but paid no taxes - the same company that employs more people
overseas than it does in the United
Let's not confuse apparel production (which is at the very bottom of the scale in terms of technology) with that of X-ray equipment. Also, let's not confuse the role of a CEO (to make money) with that of policy brain-storming on what is needed to jumpstart an economy.
But it is still a good example. It's not either the US or China. It's about doing both in order to remain competitive. The move to China and other overseas locations is about making money. It, in turn, is what allows GE to invest in future technologies at home, such as solar technology. GE has invested enormous amounts in an R&D facility in upstate NY which is simply the best there is and also has plans to build the largest solar panel factory of its kind right here at home. If GE loses the competitiveness gained from overseas operations, they would not be able to create any US jobs whatsoever.
n There was a big outcry about Lauren having the uniforms for our Olympics team made in China.... Just read online that Lauren has now stated he will have the uniforms for the 2014 Winter Olympics made in the USA
Such a move by RL would be because of symbolism only -- and realizing most people aren't economists. It does not make business sense and I assume RL would subsidize the collection (not charge consumers the true cost) just for the PR of carrying an Olympic line. On a larger scale, it would be bad not just for RL but most certainly for the United States. Again, it is not the kind of production that the US should be investing in for the future.
Forget about where they were made, look at how stupid they look with some kind of TURBAN for hats. What is wrong with our Olympic committee.
looks spiffy to me. It's called a beret and goes much better with a uniform than do sport caps or cowboy hats. I'd say the Olympic Committe is sophisticated.
And Tiger likes Berets (of the Green kind).