Word: investers
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...they will sell. Unfortunately, too many consumers feel abandoned by North American car manufacturers when it comes to quality, and they are expressing that feeling by spending their hard-earned dollars elsewhere. Bob Doucett Dartmouth, Canada Instead of concentrating on cut-rate deals to move product, Ford should invest a few more dollars per car so it can be proud of the quality of vehicles that roll off its assembly line. Ford would better understand the need for reliability if he could experience the feeling of total trust in the dependability and quality that comes from owning an Accord...
...well as flow. There is a famous passage in The Economic Consequences of the Peace, written by John Maynard Keynes in 1920, which every student of globalization knows by heart. Keynes describes life as it existed in 1914, when a man in London could travel the world freely, invest wherever he wanted, and "could order by telephone, sipping his morning tea in bed, the various products of the whole earth, in such quantity as he might see fit, and reasonably expect their early delivery upon his doorstep." Not only that, Keynes' Londoner "regarded this state of affairs as normal, certain...
...have the most beautiful secretaries in the world." (Advising Wall Street bankers on why they should invest in Italy...
After a 15-year economic eclipse, a stream of good news is finally brightening the outlook for Japan. Banks have started to lend again, companies to hire and invest, and consumers to spend. Things are so good, in fact, that the Bank of Japan has just declared victory in its epic battle with deflation. The country has the world's second largest economy; its recovery will have implications around the globe...
...inkling of confidence. Companies began to clean house. Entire sectors of the economy were reorganized. Twenty steel businesses became four; nearly two dozen banks became three. Then China's explosive growth and a rebound in the U.S. kicked the fabled Japanese export machine back into gear. Firms began to invest again and, for the first time in almost a decade and a half, people started to look to the future. Unemployment stopped rising, and consumers, very nervously at first, started spending. Slowly, over the past three years a new dynamic has taken hold, such that in the last few months...