Word: chickens
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Read "Holiday Shopping: This Year It's a Game of Chicken...
...Chicken Parts and Tires But the same Americans who speak darkly of the China effect routinely seek out the least expensive cell phones, televisions and clothing and demand that companies whose stocks they invest in show double-digit profit growth. Procter & Gamble needs the supercharged gains of its Oil of Olay brand in China to remain compelling to investors. The Otis Elevator Co., a unit of United Technologies, makes great elevators, but it's China that's erecting thousands of skyscrapers. And the same Chinese who snap up copies of China Is Not Happy seek business deals with American companies...
...primary reason the financial crisis did not result in a worldwide Great Depression. China was able to spend aggressively because for 20 years U.S. businesses had been investing in the Chinese economy, building factories, adding liquidity to Chinese banks, opening stores ranging from Avon boutiques to Kentucky Fried Chicken outlets, making cars, selling power turbines and semiconductors - all of which were essential to the rapid urbanization and modernization of China and the emergence of a vibrant middle class...
...tariffs backfire. The Obama Administration's 35% tariff on imports of Chinese tires potentially hurt Goodyear's operations in Ohio because the company had developed a cost structure that uses production in China as a way to maintain its U.S. operations. China threatened to retaliate with tariffs on U.S. chicken parts. If tires and chicken parts are the worst of it, so much for trade wars...
...problem is as much visual as it is olfactory. As the bacteria dies, a foul odor wafts from the water. "It's like trying to eat lunch in an outhouse," says English backpacker Brian Thompson, 22, pulling his t-shirt over his nose between bites of chicken at a little lakeside restaurant. "Tell you one thing, I wouldn't eat the fish." One restaurant owner says he's considering closing or renting the space to another operator, at a loss. "We used to have 15 or 20 tables a day. Now we get one," says Pedro Chavajag, 38, owner...