Korea has had a lot to offer, it demonstrated to the world how to make cheap cars, cheap ICs, how to enter the mass market, sell as low as possible, and then pull out because the ROI was done after 2-3 years of production
Hey come on, it is all out secret dreams to own our own KIA.
re: The Effect of War on TelecomNo actually, Bobbymax's intelligence increased once the puck hit his head a few ties. The problem was when his IQ started to finally approach 48, an Amnesty International representative at the hockey game saw what was happening and consequently that the rule was implemented, not knowing that it was BM detriment.
A doctor had mentioed that a few more hundred hits would have raised to the genius level.
re: The Effect of War on TelecomAll this Iraqi problem is just a small dust in the ocean. What we should be afraid of is these 2 both emerging giants from the Asia region. They both have nuclear weapons, strong army, educated people, and growing consistently.
Right now, we can control these 2 countries by having a trade and business agreements in many sectors. But the main principle is we should control these 2 countries, PERIOD. They can grow but not to exceed our level. Or it'd be better if Powell order the 2 countries to shut down their miliary development budgets or else face the consequences like with Iraq and other countries who resist the US.
There would be no other supercop and superpower country in the world except the US, ever.
re: The Effect of War on Telecomwhere was I 'totally wrong' ?
nobody can deny india & china are growing in all sectors of the economy, not just IT , shoe making or farming.
the rich fat nations are getting some flab cut out by migration of manufacturing & services to lower wage nations. Korea lies in the middle somewhere - it will prosper for a while but doesnt have the scale to fight when the Chinese move into high end manufacturing across the board.
rich nations are imposing quotas and tariffs to protect their domestic sectors that cannot compete on quality / price alone. the gigantic US and EU farm subsidies, steel quotas, forcing japanese carmakers to setup plants in N.america by having import tariffs are all 'anti-globalization' things going 180' against the 'free markets' the rich nations claim to engender. obviously they support free markets and democracy only when it benefits them.
re: The Effect of War on Telecom> Korea lies in the middle somewhere - > it will prosper for a while but doesnt > have the scale to fight when the Chinese > move into high end manufacturing across > the board.
Korea annual income ~$12000, India ~$450, China ~$1000, Korea is not in the middle, it is much closer to the rich nations than poor nations. Countries like Mexico ($5000) is more in the middle. If you ever been to China, you know how many Koreans are doing business in China. The fact is a lot of China's high end manufacturing are controlled by Korean conglomerates. China needs its own conglomerate companies with global name recognition like Sony, Toyota, Hitachi, Fujisu, Hyundai, GlobalStar, Samsung. So far, China has not achieved it. In 20 years, China may have some as its overall strength grows.
> the gigantic US and EU farm subsidies, > steel quotas, forcing Japanese carmakers > to setup plants in N.america by having > import tariffs
Isn't Japan one of the richest nations in the world ?
re: The Effect of War on Telecomst, of course controlling both of these 2 emerging giants are not easy. They both have their own national pride. I won't count Japan even though they do have one of the strongest national pride. Japan is too small to be concerned of plus US is already controlling Japan anyway by having the military-based armies there.
I only concern with the growing threatening countries with the capability to produce nuclear weapons. India and China have to be controlled as soon as possible, in addition to other european countries such as Russia, French, and Germany. I don't think Russia is willing to wage a cold war against us. Their economic and business matters are in shamble now although they do have one of the largest nuclear weapons reserved.
re: The Effect of War on Telecomnot so easy. China is the 2nd largest US debt holder (Japan is the 1st).
Hah! The Chinese mainland economy is a paper tiger. Let's review a few facts:
1) GDP per head in China of around $2,000, or possibly 1/15th of Us per capital GDP.
2) Their banking system in worse shape than the US system in 1930s. non performing loans equal to 50% of bank assets (25% according to sources that like to say nice things about China).
3) Only source of foreign income is a) Hong Kong and US based ADR equity sales, and b) export of products manufactured at a labor rate of 25 cents to one dollar per hour.
4) Their high school public education system (not to mention undergraduate) is a joke. Their best minds are exported to the U.S. And the other 99% can't locate New York on a map, let alone apply for an exit visa.
Sorry, gents, but what they tell you on the editorial pages of the New York Times and NewsWeek is wrong. China is a third rate economy that is reliant on the inflow of foreign capital via portfolio investment (IPO of chinese comapnies) and the export of re-assembled products designed elsewhere.
The US has nothing to lose from broken economic ties other than a cheap source of labor. I say relocate to India and Costa Rica and suck up the extra $1.00 an hour in labor costs.
re: The Effect of War on TelecomGo to finance.yahoo.com and find it out yourself....I was shocked myself too at 1st... -st ========== Finance Home - Yahoo! - Help Finance Quiz
Yahoo! Finance-á>-áEducation Center-á>-áQuiz-áResults -á Which of these nations is reported to hold the largest amount of U.S. federal debt, as of December 2002?
How respondents have answered: 149753 votes to date China-á-á 24% 36790 votes
All OPEC countries combined-á-á 33% 49554 votes
France & Germany combined-á-á 23% 35336 votes
United Kingdom-á-á 18% 28073 votes
The correct answer is: China
There was well over 3 trillion dollars of U.S. federal
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treasury debt available for sale in the global marketplace at the end of December 2002. Approximately 39% of it was held by individuals and institutions residing outside the U.S.1
Foreign investment in U.S. debt has an important benefit--in effect, it allows foreign entities to partially fund the U.S. federal government, which commonly spends more money than it receives from tax collections. At the same time, it creates a sensitivity in the U.S. economy to the behavior of those debtholders. Enough sudden sales of those foreign-held securities could drive prices down and yields up. When U.S. Treasury debt yields increase, the costs of borrowing go up for U.S. residents--for example, for potential homebuyers looking to take out a mortgage--and the economy might contract. In June 1997, for example, the Prime Minister of Japan publicly signaled that Japan might sell some of its U.S. debt holdings, and the next day, the Dow Jones Industrials Average dropped nearly 3%.
As of December 2002, Japan continued to be largest single foreign holder of U.S. Treasury securities. However, mainland China was the second-largest, holding 103 billion, about 3.4% of the U.S. debt available for sale at the time. The United Kingdom accounted for 70 billion. France and Germany combined, however, held only about 58 billion. 2
More on treasury debt:
? Foreign Ownership of U.S. Treasury Securities: What the Data Show and Do Not Show - Federal Reserve Bank of New York
By any chance, did you happen to play hockey before the mandatory helmet rule?
Crapshooter