Peter DeLorenzo on the state of the SUV, long a profit engine for many auto makers, including Toyota and Nissan, who both have large volume truck businesses. GM Janesville, will, I hope continue in the face of these changes.
Daily Archives: September 7, 2005
Lee Kuan Yew Interview on the Rise of China & India
Singapore’s first Prime Minister Lee Kuan Yew speaks with Der Spiegel on Asia’s rise to economic power, China’s ambitions and the West’s chances of staying competitive:
Mr. Lee: Right. In 50 years I see China, Korea and Japan at the high-tech end of the value chain. Look at the numbers and quality of the engineers and scientists they produce and you know that this is where the R&D will be done. The Chinese have a space programme, they’re going to put a man on the Moon and nobody sold them that technology. We have to face that. But you should not be afraid of that. You are leading in many fields which they cannot catch up with for many years, many decades. In pharmaceuticals, I don’t see them catching up with the Germans for a long time.
Tax Shelter Proceedings Begin in NY
Judge Kaplan also showed a hint of testiness about the pace of the government’s case, commenting that if prosecutors could spend a year and a half investigating before bringing one criminal charge, they should not need another three months to add any new charges or new defendants. He also warned prosecutors against lengthy proceedings. Prosecutors said they anticipated a three-month trial.
A complex case would confuse jurors and make it harder for them to convict, Judge Kaplan said. “The idea of a three- or four-month tax trial, well, it’s a daunting prospect” for potential jurors, he added.