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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (234744)	4/9/2003 7:59:56 PM
From: Terry Maloney	Read Replies (1) \| Respond to of 436258

ork, thanks for giving me the opportunity to correct the typo in my previous post: Yep, that'd be the EV part ... <g>

To: orkrious who wrote (234744)	4/9/2003 8:43:59 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 436258

OK, let's bring it home with a true story. A friend of ours made it from rags to riches in the auto lighting business by partnering up with Japanese back in the 60's(remember the first Toyota you ever saw? the first Datsun?). He eventually had huge contracts with big three Detroit and many other irons in the fire. A few years ago Detroit has a heart to heart with him... "Lower your cost to us or you are out." He had already relocated from Japan to Korea to lower labor cost so where now, Brown Cow? Detroit, being friendly and such like says...."Here's a friend of ours phone number. He's in LA at the Beverly Hills Hotel. Check him out." My friend trots on out and has a private dinner with three others in the same boat as he now finds himself. The 5th wheel at the dinner turns out to be a Chinese general. They are invited by him to tour China for "business opportunities." Well, wanting to stay in the lighting business, my friend buys a R/T to China and meets up with the nameless general. They go on a tour of Chinese factories. The first one they enter goes down like this: They walk to the door of the assembly room. The factory superintendent yells something in Chinese. The workers immediately stop and line up along the central walkway and bow face first on the ground as the general walks by with my friend. He relocated about 7 years ago to China. He pays $240/year per man. 25% comes out for room and board(wooden slats out in the alley stacked like shelves and a couple of bowls of rice a day). Each Chinese new year about 1/3 of the workers quit, take their $180 back to the country and retire by buying a small farm. What deflation?