China has done many things right. The direction of change is in the right direction.
"Wilbur L. Ross, Jr." is an American investor known for restructuring failed companies in industries such as steel, coal, telecommunications, foreign investment and textiles. He specializes in leveraged buyouts and distressed businesses. As of August 2014, Forbes magazine lists Ross as one of the world's billionaires with a net worth of $2.9 billion.
More Wilbur Ross on Wikipedia.What is worrisome about that is the U.S. standard of living. I think it is very difficult to envision our standard of living being preserved if we're in an economy where all people do is flip hamburgers, wait on people in stores and sue each other. It's not much of a basis for an economy.
For the price of a first-class ticket to Tokyo, you can buy the whole setup.
There will be cutting and assembly, but not by us. The cutting and sewing people will be owned by separate companies, our traditional customers.
I'm very much in support of it. The industrial logic of the deal is impeccable.
We are still in the early stages here. Almost every day, there is another supplier filing for bankruptcy. We are continuing to make acquisitions.
We would be interested in bidding if Collins & Aikman in the U.S. were to come up for sale.
We are looking at many of these distressed (auto parts companies) that have some kind of proprietary technology and some scale of size.
It's a horrible freak accident. Apparently, a lightning bolt struck the mine.
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