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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?


To: Elroy Jetson who wrote (3128)8/25/2019 11:09:39 AM
From: robert b furman3 Recommendations

Recommended By
elmatador
SirWalterRalegh
the longhorn

  Read Replies (1) | Respond to of 13876
 
Hi Elroy,

Not really.

McDonalds University required one to be a franchisee owner or senior manager of a McDonalds They attend with a lot of skin in the game and substantial wealth.

In its original form, a student who passed the academic standards, then had to find a division of GM that would employ (sponsor) the student for a 5 year period which culminated in a thesis study chosen by the sponsoring division.

Today Kettering has hundreds of sponsoring corporations (UPS, Rockwell,Lear) who give students the ability to work their way through the rigorous academic load.

It is an entry level opportunity for many who do not have the financial resources (other than taking on debt) to achieve a degree.

I will forever be grateful for Chevrolet Central Office sponsoring me during those 5 years. I had zero debt after earning my BSIA - marketing.

In a small attempt to repay my debt of gratitude, I sponsored two fine young men through The Kettering University. One went on to graduate from a Dallas Seminary and pursued missionary work in Brasil along the Amazon River. The other currently is a partner in a large group of automotive body shops in the Houston market.

I believe the Kettering University experience was very formative in my conservative/business views vs those of the many liberal schools that expounds on less productive liberal views.

As a "techer" we endured entry level employment for 5 years. It was humbling, aggressive, and long.

I feel today, many millenials have had so much smoke blown up their butts about how elite they are with their degree, that they fear entry level and become professional students sadly burdened with a huge debt load. jmho

Any High School grad I meet, I encourage them to look into kettering. It's a very smart start.

Bob



To: Elroy Jetson who wrote (3128)8/30/2019 8:12:09 AM
From: elmatador1 Recommendation

Recommended By
SirWalterRalegh

  Respond to of 13876
 
China must pick the least bad option to resolve Hong Kong crisis. A PLA crackdown is not it

Hongkongers would almost certainly treat Chinese government forces as invaders, and resistance would be fierce and casualties unavoidable


An exodus of expats and elites would follow, and the Hong Kong economy – still a bridge between China the rest of the world – would almost immediately collapse

The crisis in Hong Kong appears to be careening towards a devastating climax. With China’s government now using rhetoric reminiscent of what preceded the Tiananmen Square massacre in June 1989, Hong Kong’s pro-democracy protesters – and, indeed, its democracy – could well be in grave danger.

For more than two months, Hong Kong has been beset by protests. Triggered by a proposed law to allow the extradition of criminal suspects to mainland China, the demonstrations have since developed into broader calls to safeguard – or, perhaps more accurately, restore – the semi-autonomous territory’s democracy, including by strengthening state (especially police) accountability.

As the unrest drags on, the Chinese government’s patience is wearing thin – and its warnings are growing more ominous. The People’s Liberation Army garrison in Hong Kong is, in the words of its commander Chen Daoxiang, “determined to protect national sovereignty, security, stability, and the prosperity of Hong Kong”. To drive the point home, a promotional video showing Chinese military officers in action was released along with the statement.

Yang Guang, a spokesperson for the Chinese government’s Hong Kong and Macau Affairs Office, has echoed this sentiment, warning the protesters – whom he calls
“criminals”– not to “take restraint for weakness”. He then reiterated the government’s “firm resolve” to “safeguard the prosperity and stability of Hong Kong”.

Zhang Xiaoming, the director of the office, then took matters a step further, declaring that China’s government “has sufficient methods and enough powerful means to quell all sorts of likely unrest”. This came just two months after China’s defence minister argued that China’s stability since the Tiananmen crackdown proved that the government had made the
“correct”choice.

Increasingly harsh warnings against Hong Kong’s protesters point not just to a hardening of positions, but also to the ascendance of figures in the Chinese government who favour asserting total control over the territory. And they have been reflected in the response from the police, which has been deploying rubber bullets and tear gas with rising frequency. Hundreds have been arrested, and

Yet, far from being deterred, the protesters are challenging the Chinese government with increasing resolve. In July, they vandalised the outside of the Chinese government’s liaison office in the city centre. Last week, they mounted a general strike that nearly paralysed the city, one of Asia’s most important commercial hubs.

Perhaps counter-intuitively, this radicalisation has come alongside broadening support for the movement, with members of the middle class – such as lawyers and civil servants– openly joining the cause.

With their stark warnings having no effect, China’s leaders may well be sensing that the best – or even the only – way to restore their authority in Hong Kong is by force, though President Xi Jinping may wait until after the celebrations for the 70th anniversary of the founding of the People’s Republic on October 1 to act. But, whether now or in two months, a Tiananmen-style crackdown is not the answer.

For starters, Hong Kong’s 31,000-strong police force is not up to the task of carrying out such a crackdown. Not only does it lack the manpower; its officers may refuse to use deadly force. After all, there is a big difference between firing rubber bullets at a crowd and murdering civilians.

This means that China would have to deploy the PLA garrison or transfer tens of thousands of paramilitary soldiers (the People’s Armed Police) from the mainland.

Hong Kong’s residents would almost certainly treat Chinese government forces as invaders, and mount the fiercest possible resistance. The resulting clashes – which would likely produce high numbers of civilian casualties – would mark the official end of the “one country, two systems” arrangement, with China’s government forced to assert direct and full control over Hong Kong’s administration.

With the Hong Kong government’s legitimacy destroyed, the city would instantly become ungovernable. Civil servants would quit their jobs in droves, and the public would continue to resist. Hong Kong’s complex transit, communications, and logistics systems would prove easy targets for defiant locals determined to cause major disruptions.

After the Tiananmen crackdown, the Communist Party’s ability to reinstitute control rested not only on the presence of tens of thousands of PLA troops, but also on the mobilisation of the party’s members. In Hong Kong, where the party has only a limited organisational presence (officially, it claims to have none at all), this would be impossible.

And because the vast majority of Hong Kong’s residents are employed by private businesses, China cannot control them as easily as mainlanders who depend on the state for their livelihoods.

The economic consequences of such an approach would be dire. Some Communist Party leaders may think that Hong Kong, which now accounts for only 3 per cent of Chinese GDP, is economically expendable. But the city’s world-class legal and logistical services and sophisticated financial
markets, which channel foreign capital into China, mean that its value vastly exceeds its output.

If Chinese soldiers storm the city, an immediate exodus of expats and elites with foreign passports and green cards will follow, and Western businesses will relocate en masse to other Asian commercial hubs. Hong Kong’s economy – a critical bridge between China and the rest of the world – would almost instantly collapse.

When there are no good options, leaders must choose the least bad one. China’s government may loathe the idea of making concessions to the Hong Kong protesters, but considering the catastrophic consequences of a military crackdown, that is what it must do.

Minxin Pei, a professor of government at Claremont McKenna College and the author of China’s Crony Capitalism, is the inaugural Library of Congress Chair in US-China Relations. Copyright:
Project Syndicate