Lizzie, RE: "I definitely think the economy is less reliant on oil, for one thing this is a services economy vs. a manufacturing economy (sick as it was) at the time in the 70s. But I don't have any statistics to back up what I know to be true"
Good call. There was an article about this last year. The dependency on oil has dropped significantly - something like half or so.
No one got my sarcastic humor about Silicon Valley economy rocking with "6,400 new jobs." The new job count is pathetic and a clear sign of a lack of good govt policy towards innovation. Raising interest rates faster and sooner would have minimized offshoring. Investing in new areas such as biotech would give a shot in the arm for new, higher levels of innovation in the USA. Aside from Arnold, this administration is more concerned about religion than new innovation and jobs:
"Administrative and waste services (largely temporary help and employment services) account for 61,000 or 35% of the new service jobs. The remainder are accounted for by construction (30,000), retail trade (30,000), healthcare and social assistance (27,000), and waitresses and bar tenders (27,000). "
There's a blurb on Cisco in the link below - they are finally attempting to get more informed about the Chinese market where they have been a bit weak, but Chambers should tone down his comments a tad unless he wants to see people piling out of Cisco:
Cisco's CEO, John Chambers, declared recently: "What we're trying to do is outline an entire strategy of becoming a Chinese company." Cisco is establishing a new R&D center in Shanghai. The US corporation manufactures $5 billion of products in China where it employes 10,000 people.
Message 21126260
Wonder how long it'll be before we see some more copy-cat Cisco products? I prefer what Intel is doing - they are being more cautious about the IP than Cisco. Chambers is a bit loose. If I were in charge of Cisco, I'd build one RND center in China but stop there until they get their IP laws under control. There are other countries where they respect IP laws.
Regards,
Amy J |
