Wednesday, February 11, 2009

Op-Ed Columnist - The Open-Door Bailout - NYTimes.com

Op-Ed Columnist - The Open-Door Bailout - NYTimes.com:

"While his tongue was slightly in cheek, Gupta and many other Indian business people I spoke to this week were trying to make a point that sometimes non-Americans can make best: “Dear America, please remember how you got to be the wealthiest country in history. It wasn’t through protectionism, or state-owned banks or fearing free trade. No, the formula was very simple: build this really flexible, really open economy, tolerate creative destruction so dead capital is quickly redeployed to better ideas and companies, pour into it the most diverse, smart and energetic immigrants from every corner of the world and then stir and repeat, stir and repeat, stir and repeat, stir and repeat.”"

Tuesday, February 10, 2009

F-22 Design Shows More Than Expected | AVIATION WEEK

F-22 Design Shows More Than Expected | AVIATION WEEK

Boeing, unions should listen to Richard Branson

Boeing, unions should listen to Richard Branson:

"As reported by the Seattle P-I's Dan Richman, Branson was at Boeing Field for delivery of a 777-300ER for an airline he's starting up, V Australia. That airline will begin Sydney-Los Angeles service later this month.

But Branson said the airline would have begun the service in late December, had it not been for the 57-day strike by Boeing Machinists that delayed deliveries.

'The strike hurt hundreds of thousands of our passengers,' Branson said.

'It messed up Virgin Atlantic, it messed up Virgin Blue in Australia, it ruined people's Christmas holidays. It was absolutely and utterly ghastly.'

Then came the stark warning: 'If union leaders and management can't get their act together to avoid strikes, we're not going to come back here again. We're already thinking, 'Would we ever risk putting another order with Boeing?' It's that serious.'

Branson's reputation for nonpinstriped behavior and speech notwithstanding, Boeing may have been taken a bit aback at the remarks, figuring that most of the attention would go to Branson's flair for showmanship (he was accompanied by a retinue of bikini-clad flight attendants, a style of dress rarely seen at most corporate functions in this country).

But Boeing quickly scrambled by e-mail statement to indicate the message had been heard: 'We never want to disap"