Wednesday, June 3, 2009

A little off topic - New China



Today is the first day that I see a real possibility of the United States someday falling under the ownership of China. Let's just call it 'New China'. It's a good thing I'm Jewish. Jews just love Chinese food!

From NewsRoomAmerica.com

"In its attempt to shed brands on its way to a smaller, more efficient company, General Motors Corp. (a.k.a., Government Motors) announced it has sold its Hummer brand to a Chinese company.

The announcement Tuesday came a day after GM filed for Chapter 11 bankruptcy in New York, adopting a strategy that gives the federal government 60 percent ownership. GM officials said they hope to emerge from bankruptcy leaner and more efficient within 60 to 90 days.

Sichuan Tengzhong Heavy Industrial Machinery Company bought the Hummer brand, marking the company's first foray into the automobile industry.

Reports said the sale would save about 3,000 jobs in the U.S., at Hummer plants and dealerships."

I think I need to get a copy of Rosetta Stone and start learning the language.