10 foreign-owned 'American' brands
Each of these products, buildings or businesses is rooted in the United States and has become a part of the common cultural fabric.
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If corporate bigwigs would stop paying themselves such obscene salaries and mind boggling bonuses, maybe then they could afford to pay American workers decent wages and we would still be able to honestly and proudly say "MADE IN AMERICA"! It's shameful that these companies couldn't show a profit & growth for us but apparently can for foreign executives. John Hancock must be SPINNING in his grave-SHAME ON ALL OF THE 'POWERS THAT BE' for selling us out.
All ten brands are owned by Europeans and Japanese, not Chinese. However, China is actually the biggest creditor to America. That s because America has been a consumer country in the past 30 years and we have been buying more than selling to all the producing countries, including Taiwan and Japan in the 80s and now China. As these producing countries earning more USD, they are investing their dollars in US government backed treasure bills and name brand US assets. Is it better or worse? It s matter of facts as we lived in a globle economy. Not until we becoming a producing country, there will be more debt to the foreign countries and more US assets to be bought by the foreign countries..
To MSN:
Each one of your "top 10" lists could be fit on one page but in order to get the click numbers up to entice your advertisers you dangle informational "carrots" and manipulate your readers into upping your click numbers for you.
I refuse to be manipulated in that manner. I'd rather not know. You're going to have to hire a chimp to make up for the loss of my click numbers and shame on you for treating your readers in such a manner.
The balance of payments is affected by the overall economic notions of Americans.We go for the best deals, having been trained from childhood. In today's moments of economic time, the best labor deals are overseas, and so that's were we buy our labor - for the construction and assembly of products we desire. This will change, of course, but economic changes are rarely engendered by success; and oncoming necessary changes to our US economy are now engendered by theese financial difficulties we now experience.
As challenging politicians say, "vote for change". And so we do, silently through our wallets, and loudly in the campaigns. The results will be mostly influenced by what we do via our spending procedures.
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