was browsing thru the headlines of WSJ today. more bombings in india/iraq, america goes to the polls, llyods taking over hbos etc etc. but the headline which caught my attention, and got me really worried was.. china as aircraft maker? with all the bad press abt china's milk/toys/eggs scandals, cant say i feel most comfortable with china's manufacturing standards or technology for that matter. any mistakes / errors in the manufacturing of an aircraft is potentially much more fatal than that of milk/toys/eggs. i will be a lot more careful with booking my flights from now on. of course, this is not to say i will never fly in a china airplane. afterall, china could be the next global manufacturing hub for planes. but until then, let's hope that things will substantially improve somehow.
on another note, i suspect that one of the better outcomes that have unintentionally emerged from this credit crisis is that of greater income equality? of course, a million and one disclaimers apply here since i havent got any statistics or research to back this claim but it seems like many of the wealthiest people have had their fortunes halved or more than halved amidst this global financial meltdown. would be interesting if someone could initiate a study on this and examine the before and after crisis ginicoefficients.
