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How many of the WNYC listeners are aware that as of the last OCC filing (early October), Goldman Sachs is currently "leveraged" (def. as franchise risk -- with the help of Mr. Geithner) at 1,024%?!!! How many members of the financial media want you to you to know this? Quick Answer: 0 !!!
America, are you getting the picture ?
You know, there were 2 writers on the LLopate show the other day who were talking about the 'new' China and were saying things like this were a part of the 'old.'
Good for Google and I hope it does the right thing and forgo Chinese business, and concentrate on India instead. I wonder if Microsoft with Bing will do the evil thing and take advantage of it?
Google: " Do no Evil."Microsoft: "Hear no evil, see no evil, only watch out for dollar signs."
china has more internet users than the united states has in total populations..
google had to enter that market, just because that's it's core business.
google's diversifying rapidly, so maybe they'll be less reliant on internet revenues.. good for them though, finally sticking with morality rather than common business sense.
Does the guest think that Google is threatening to pull out of China for economic reasons or could this be a rare matter of corporate principle in that Google is genuinely angry that the Chinese government either conducts or supports hacking into private companies in China?
I think there's more to this. Google knew what they were getting themselves into when they agreed to censor search results in China and the hacking of the accounts would happen whether or not Google was in China. I think they're pulling out and assuming this will put pressure on Microsoft and Yahoo to pull out, so none of their American competitors will get the money either.
Whatever the real reason is, I'm glad they're pulling out.
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