Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Moderate Forum -- Ignore unavailable to you. Want to Upgrade?

To: redfish who wrote (13809)	11/17/2004 11:49:43 AM
From: Sun Tzu	Read Replies (1) \| Respond to of 20773

Frontline had a program on Walmart last night. But the part that caught my eye was about Walmart. At one point the reporter interviewed Long Island portal authority and asked: - how much goods is in the port from China, - answer ~$34B. - What are the goods? - answer microwaves, TVs, consumer goods. - Ok, how much are we exporting to China from this port? - About $3B. - And what are we exporting to them? - Mostly raw material: scrap metal, paper waste, rubber, etc. Seems to me at least with regards to China, US is the 3rd world supplier of cheap material and they are the finished goods provider.