Sunday, December 21, 2008

Op-Ed Columnist - China to the Rescue? Not! - NYTimes.com

Op-Ed Columnist - China to the Rescue? Not! - NYTimes.com:

"It’s good advice. China is not going to rescue us or the world economy. We’re going to have to get out of this crisis the old-fashioned way: by digging inside ourselves and getting back to basics — improving U.S. productivity, saving more, studying harder and inventing more stuff to export. The days of phony prosperity — I borrow cheap money from China to build a house and then borrow on that house to buy cheap paintings from China to decorate my walls and everybody is a winner — are over."

Monday, December 08, 2008

The chatteranti

The chatteranti

Op-Ed Contributor - They Hate Us — and India Is Us - NYTimes.com

Op-Ed Contributor - They Hate Us — and India Is Us - NYTimes.com:

"When these well-planned attacks unfolded, it was clear to anyone with experience of India that they were not homegrown, and almost certainly originated from Pakistan. Yet the reaction of the world’s news media was to rely on the outmoded idea of Pakistan-India hyphenation — as if a thriving and prosperous democracy of over a billion people must be compared only to an imploded state that is having to be bailed out by the I.M.F. Was Pakistan to blame, asked many pundits, or was India at fault because of its treatment of minority groups?

The terrorists themselves offered little explanation, and made no clear demands. Yet even as the siege continued, commentators were making chilling deductions on their behalf: their actions were because of American foreign policy, or Afghanistan, or the harassment of Indian Muslims. Personal moral responsibility was removed from the players in the atrocity. When officials said that the killers came from the Pakistani terrorist group Lashkar-e-Taiba, it was taken as proof that India’s misdeeds in the Kashmir Valley were the cause."

Tuesday, December 02, 2008

Ford to 'Aggressively Restructure,' Seeks $9 Billion in Bridge Financing - WSJ.com

Ford to 'Aggressively Restructure,' Seeks $9 Billion in Bridge Financing - WSJ.com:

"Ford, in the 30-page document submitted to legislators, said it will invest $14 billion in its U.S. operations over the next seven years on advanced technologies as the company retools its 2015 models to be 36% more fuel-efficient than its 2005 models. About 80% of Ford's total investment in 2010 will go toward cars and crossover vehicles, up from 60% in 2007."