Chinese are buying GM; should I buy too?
Now that I'm starting to understand the blogosphere, I am starting a narrative of the stuff I find that doesn't fit into my little enviro news niche.
A great excuse to spruce up the old blog, which I see I haven't updated since 2006. I'm also thinking it might help me learn the art of quick and dirty posting. Just get it out there. NOW!
Chinese plan to buy stake in GM
So, after the US spent $50 billion in tax dollars to resuscitate General Motors, Chinese, Middle Eastern and Asian investors could now buy a big share of the company when it goes public next week.
Is this fair? (and should I buy in?) Last I checked the taxpayers got their money back, but at the same time it's unnerving to see major global economic players swoop in to make a profit off a company that has become symbolic of the fragile state of the American manufacturing sector.
Just one of many glimpses into new global players moving in on Western companies, WSJ reports. See also: China Investment Corp taking 9.9% stake in Morgan Stanley in 2007.
A great excuse to spruce up the old blog, which I see I haven't updated since 2006. I'm also thinking it might help me learn the art of quick and dirty posting. Just get it out there. NOW!
Chinese plan to buy stake in GM
So, after the US spent $50 billion in tax dollars to resuscitate General Motors, Chinese, Middle Eastern and Asian investors could now buy a big share of the company when it goes public next week.
Is this fair? (and should I buy in?) Last I checked the taxpayers got their money back, but at the same time it's unnerving to see major global economic players swoop in to make a profit off a company that has become symbolic of the fragile state of the American manufacturing sector.
Just one of many glimpses into new global players moving in on Western companies, WSJ reports. See also: China Investment Corp taking 9.9% stake in Morgan Stanley in 2007.
Labels: globalization, investments
posted by deadeye at 8:50 PM
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