Haha, didn't you say you were libertarian? Why don't parents have any concern over their children? Because they work 24/7! The family structure needs to change. It's sad to say but someone needs to go back at home. Let's be diplomatic and say grandpa and grandma need to educate the children. Family structures are important. Children learn values, work ethic, etc from their family and society. The children who survive are the ones who are most cared and prepared by their parents. A friend once told me that what nobles hundred of years ago passed down wasn't wealth, but knowledge and education. Once the family is dealt with, society needs to take the foot off the consumerism pedal, teach respect, social equity so on. Then revamp school system, with useful classes, with new learning theories so as to equip children with the tools for success(the kind of tools a high achiever naturally has) I don't think your military regime education is a good idea. Remember that we need to be pragmatic, all that system creates is an opportunity for power abuse.
Take a look at OECD´s comparison ( old numbers but worth analyzing) : Household saving rates - Statistical Data Included OECD Economic Outlook, June, 2001 http://findarticles.com/p/articles/mi_m4456/is_2001_June/ai_78133182
Don't the Bush's come from a pedigree background? Are you suggesting we can teach all of our families to be so smart? Uh, no thanks.
As long as you don't buy weed, that supports terrorists! Remember those commercials, a montage of clips showing how buying marijuana supports Afghani drug lords....or some stoners from British Columbia.
It kinda gives you a warm feeling all over about the sincerity of their interpretation of intelligence supporting their excursion into Iraq, eh?
Totally agree. We want to complain about losing Jobs while our wonderful Gvmt is aiding the process. If thats your choice to outsourcce... You shouldnt get a Govmt helping hand to do so. How is the govmt helping protect the interests of its own "subjects" if it is telling every profit center to hire outside the country and well pay you for doing so... No SANE person Liberal or Conservative would allow that... ...You want me to pay to hire someone in another country.... So my next door neighbor... Who can perform the job and may be willing to negotiate his rates... will be unable to work.... Well there goes the neighborhood.
Chinese Auto Parts Enter the Global Market By KEITH BRADSHER Published: June 7, 2007 http://www.nytimes.com/2007/06/07/business/07parts.html JINZHOU, China â Zhao Qingjieâs favorite book, he says, is a Chinese translation of Lee Iacoccaâs autobiography. Mr. Zhao, who runs one of the largest manufacturers of automotive starters and alternators in China, has long been interested in the United States. That should make his counterparts in the auto parts industry elsewhere very nervous. âEntering the U.S. market is one of our key strategies,â said Mr. Zhao, whose company, Wonder Auto Technology, has obtained a Wall Street stock listing and is preparing to start exporting. Chinaâs auto parts exports have increased more than sixfold in the last five years, nearly topping $1 billion in April and emerging as one of the fastest-growing categories of Chinese industrial products sold overseas. More than half of these auto parts go to the United States; most of the rest to Europe and Japan. The rise of Chinese auto parts exports is part of a much broader shift. China is moving up from basic goods like textiles, toys and shoes and toward higher-value industrial goods that pay better wages â but also compete more directly with products from countries like Mexico and even from advanced industrialized countries like the United States. Still, while China has room for considerable further growth in auto parts exports to the United States, it is not competitive overseas in bulky products like car seats that are uneconomical to ship or need to be manufactured close to a car factory for quality control reasons. And Chinaâs rising labor costs and strengthening currency are making automakers leery of becoming too dependent on China for parts that can be shipped. The latest wave of auto parts exports is led by domestic Chinese auto parts manufacturers like Wonder Auto that are rapidly gaining strength and starting to enter markets around the globe. Domestic manufacturers like Wonder and Wanxiang Group are relying on the same inexpensive Chinese assembly-line labor as multinationals like Delphi Automotive Systems and Visteon. But they can undercut the global giants in part by hiring talented but cheaper Chinese engineers and headquarters staff as well. Soaring output at auto assembly plants in China is generating enormous demand for auto parts and creating the economies of large-scale production previously possible only in North America, Europe and Japan. And with at least a half dozen Chinese automakers planning to start exporting in the next few years, Chinese auto parts will soon be going overseas not just in crates but as part of fully assembled cars. Multinational automakers set virtually the same quality standards for their operations all over the world. They are working closely with Chinese parts companies to help them meet these standards; once they do, they are allowed to submit bids for supplying factories elsewhere. âThey get put on the global list and then can quote for anything worldwide,â said Nick Reilly, the president of Asian and Pacific operations for General Motors. Chinese auto parts have surged in the American market as imports have declined from Japan, Canada and Malaysia and have stagnated from Mexico and the European Union. China is strongest in electrical and electronic components and in cast-metal parts that require environmentally hazardous casting and a lot of manual labor for machining. Feeling the pinch are small auto parts manufacturers and their employees in the United States, heavily concentrated in Ohio and mainly supplying larger auto parts companies instead of shipping directly to the big automakers. While overall American industrial production is on the upswing, the troubles of the auto parts industry could become an issue in next yearâs presidential elections. Ohio elected a new Democratic senator in November, Sherrod Brown, who favors a more aggressive American trade and currency policy, including the filing of legal cases with the World Trade Organization challenging Chinaâs currency, labor and environmental policies. âItâs not a fair competition because over and over again in terms of currency and labor standards, China doesnât play by the same rules as we do in the United States,â Senator Brown said. China is rapidly grabbing orders for replacement parts sold to repair garages. Wanxiang Group of China is already building up its distribution in the United States by buying Neapco, a steering shaft company in Pottstown, Pa., and striking a deal with Ford in April to buy its prop shaft business. Many of these imports from China are simply replacing goods from other countries. New starters and alternators, for example, are no longer made in the United States, as production has moved to Mexico, Singapore, Malaysia and now China. But used starters and alternators are still remanufactured in the United States, reusing the costly copper wiring in each device and selling them in the $1.5 billion market for replacement starters and alternators. Companies in this business, like Motorcar Parts of America with its headquarters and main factory in Torrance, Calif., have been struggling to compete with imports of all-new starters and alternators. Mr. Zhao of Wonder Auto calculates that it costs him $4 million to set up an assembly line here in Jinzhou with mostly manual labor, employing 20 workers. The combined wages of 20 workers here come to only $40,000 a year at the current exchange rate of 7.65 yuan to the dollar. That is in the range of annual base pay for one unionized auto parts worker in the United States and comparable to two nonunion American auto parts workers. Mr. Zhao recently explored and rejected the idea of opening a factory in the United States, after calculating that it would cost $10 million to set up a heavily automated line that would employ three workers. Total benefits for 20 workers come to another $20,000 a year, Mr. Zhao said. The companyâs wages of $170 a month remain respectable by the standards of this gritty refinery city of 800,000 in northeastern China. A small apartment without modern amenities like a refrigerator or air conditioning rents for as little as $40 a month, while even a large meal at the restaurant of the cityâs best hotel costs less than $3.
Jobs at Wonder Auto are much sought after and turnover is almost zero, said Sun Shao-hua, 30, who strips copper wires for alternators, the devices that take mechanical energy from the engine and turn it into electricity to recharge the battery. âMany people come, but nobody ever leaves,â he said. Mr. Zhao said he was already in discussions with General Motors and Volkswagen about supplying their operations, first in China and then overseas. For now, Mr. Zhao mainly supplies domestic Chinese carmakers, notably Brilliance China Automotive, which has a high-roofed factory in Shenyang, a three-hour drive to the northeast, where workers in tan shirts and trousers labor at a modern assembly line. While Chinaâs auto parts industry is growing rapidly, automakers are nervous about buying all of their parts from China. They cite three important costs that are becoming increasingly unpredictable for any manufacturer doing business in China: labor costs, raw material costs and the exchange rate of the yuan against the dollar. Industrial wages are still low in China compared to wages in other car manufacturing countries. But Chinese wages have been soaring by 10 to 30 percent a year for the last several years, auto executives said. Skilled workers at car factories in high-income coastal areas can earn nearly twice as much as workers here in northeastern China, a Rust Belt of aging industrial complexes built with Soviet help in the 1950s. But even as Chinaâs labor cost advantage is narrowing, it is simultaneously creating a new advantage: lower material costs. As recently as four years ago, severe shortages within China of industrial commodities like high-quality steel resulted in very high prices. Now the opposite is true: China has invested so much in new steel mills and other factories that it has become the worldâs largest steelmaker and faces a worsening glut. The biggest question mark hanging over Chinaâs exports lies in the currency exchange rate â a problem that Japanese auto executives in particular know well after dealing with the yen-dollar exchange rate. China has only allowed the yuan to appreciate by 6 percent against the dollar in the nearly two years since breaking its fixed peg to the dollar. Chinese officials have repeatedly warned of their reluctance to accept faster appreciation. But Chinese foreign exchange reserves have ballooned to $1.2 trillion from $316 billion in the last four years as Beijing has bought dollars on an enormous scale to prop up demand for the American currency and prevent it from falling faster against the yuan. The question is how much longer Beijing can keep up these purchases, which require adroit handling to prevent them from causing inflation in China. Atsuyoshi Hyogo, who runs Hondaâs China operations, said that China had slightly lower costs than its Japanese counterparts at currently prevailing exchange rates, but he added that the Chinese currency should be much stronger than it was now. For all the uncertainty, Wonder Auto and other Chinese parts makers are growing quickly. Wonderâs sales rose 45.8 percent in the first quarter, to $21.6 million; profits nearly doubled, to $2.7 million. Traded on the over-the-counter market in the United States, the companyâs shares have risen more than fivefold since an initial public offering last June; Wonder Auto has applied for a Nasdaq listing. The rapid rise has enriched Mr. Zhao, who owns 54.2 percent of the companyâs shares, worth more than $90 million, as well as 11 percent of another company in Jinzhou that manufactures air bag sensors. That is quite a change from his earlier life. Forced to spend three years on a farm during the Cultural Revolution, Mr. Zhao taught himself to fix tractors. Denied admission to a naval academy because his father was a Nationalist soldier before the Communists won Chinaâs civil war, Mr. Zhao went to a technical institute instead. He became a business professor and ran a state-owned motorcycle shock-absorber factory before starting Wonder Auto. Mr. Zhao said he still worked 75 hours a week. His father died when Mr. Zhao was six years old, and for many years afterwards he felt responsible for his two sisters and his mother. âI had to let my mother know, in raising three kids, including a son, that it was all worth the hardship,â Mr. Zhao said. âAs a boy from a small village, I want to make something of myself.â
Ask some of the GM Techs about Chinese auto parts. I'm told you cannot buy a brake drum set that is American made anymore. And that at least some of the Chinese brake drums are cast literally in dirt/clay forms.
the good thing about the amnesty bill is that it brings an influx of immigrants to become the debt ridden consumers that fuel the economy.. this is great news for companies like wal-mart and family dollar