China can out bid any other Wall Street company. Some of us might find it great that Monsanto is stuck in the mud with it's genetically engineered seeds and seed treated with pesticides that make insects and weeds resistant to pesticides. But, where does the China attacks on American companies end?
What is occurring with China and Wall Street is troublesome. I find it odd China doesn't have the expertise within their own sovereign citizenship. On one hand I find China does not have the expertise. This goes back decades when realizing their rocket ships would not get off the launch pad yet make it to the moon and otherwise. It was American expertise that provided that footing for China.
That said, China will absorb most of the technical expertise from Wall Street and where does that leave the USA? It leaves it out in the cold as to innovation and leadership.
Local economies have never been more important for protecting the sovereign right to our economy, HOWEVER, where do we go from here to insure we are cutting edge in the world? I have an example and it comes from Michigan.
October 10, 2011
By Nathan Bomey
It took several years for Ann Arbor (click here) venture capitalists and economic development officials to convince the University of Michigan to pry open its endowment and invest in its own entrepreneurial companies.
U-M announced last Wednesday that it would set aside $25 million of its $7.8 billion endowment to invest in its own spinoff companies. They'll be eligible for up to $500,000 apiece after they've secured investment from an outside venture capital source. Investors applauded the move....
But, there is a catch. The start ups with grads from the University of Michigan has become a disaster to the local Michigan economies. The small business start ups were swallowed up by Wall Street monies. AND. Where does our expertise go after they are swallowed up by Wall Street?
China.
...In 2008, Ann Arbor-based U-M (click here) software startup HealthMedia was sold to Johnson & Johnson in a deal believe to be worth around $200 million. In 2009, Pittsfield Township-based U-M medical device startup HandyLab was sold to Becton, Dickinson and Co. for $275 million.
In 2010, U-M information technology startup Arbor Networks was sold to Tektronix Communications. And in early 2011, Scio Township-based medical device startup Accuri Cytometers was sold to BD for $205 million....
I am not saying these companies are now owned by the Chinese. But, I am saying they are not owned by the Chinese YET.
Supposedly the ultimate achievement in the USA is to be taken to the heights of Wall Street. NOT! There are problems with Wall Street buying out these companies. The companies do not come to full bloom adding more and more employees from local economies.
The USA is for sale everyone and it is up to us to END IT. We need these companies across the country to stay where they originated and HIRE AMERICANS. Why isn't there HealthMedia, HandyLab and Accuri Cytometers in every state in the country infusing local economies across the entire country? Why isn't this happening? It is definitely a capitalism ECONOMIC MODEL. The growth of our grads into local companies that supply them with investments to continue their successes in research as well as employment of local talent as the companies products come into demand and sales increase annually.
There has to be the INTEREST by local government to work with these efforts to bring jobs home to their own cities and towns and not to Wall Street. It is one of the most important and patriotic paradigms that can exist within the sovereign USA. Local investors WAITING for a chance to expand their economy have to go searching for it in places like the Michigan Endowment.
Feb. 2 -- China National Chemical Corp. (click here) is nearing an agreement to buy Swiss pesticide-and-seeds-maker Syngenta AG for about 43.7 billion francs ($42.8 billion) as the state-backed company extends its buying spree with what would be the biggest-ever acquisition by a Chinese firm, said people familiar with the matter. Bloomberg's Simon Casey reports on "Bloomberg ‹GO›."
What is occurring with China and Wall Street is troublesome. I find it odd China doesn't have the expertise within their own sovereign citizenship. On one hand I find China does not have the expertise. This goes back decades when realizing their rocket ships would not get off the launch pad yet make it to the moon and otherwise. It was American expertise that provided that footing for China.
That said, China will absorb most of the technical expertise from Wall Street and where does that leave the USA? It leaves it out in the cold as to innovation and leadership.
Local economies have never been more important for protecting the sovereign right to our economy, HOWEVER, where do we go from here to insure we are cutting edge in the world? I have an example and it comes from Michigan.
October 10, 2011
By Nathan Bomey
It took several years for Ann Arbor (click here) venture capitalists and economic development officials to convince the University of Michigan to pry open its endowment and invest in its own entrepreneurial companies.
U-M announced last Wednesday that it would set aside $25 million of its $7.8 billion endowment to invest in its own spinoff companies. They'll be eligible for up to $500,000 apiece after they've secured investment from an outside venture capital source. Investors applauded the move....
But, there is a catch. The start ups with grads from the University of Michigan has become a disaster to the local Michigan economies. The small business start ups were swallowed up by Wall Street monies. AND. Where does our expertise go after they are swallowed up by Wall Street?
China.
...In 2008, Ann Arbor-based U-M (click here) software startup HealthMedia was sold to Johnson & Johnson in a deal believe to be worth around $200 million. In 2009, Pittsfield Township-based U-M medical device startup HandyLab was sold to Becton, Dickinson and Co. for $275 million.
In 2010, U-M information technology startup Arbor Networks was sold to Tektronix Communications. And in early 2011, Scio Township-based medical device startup Accuri Cytometers was sold to BD for $205 million....
I am not saying these companies are now owned by the Chinese. But, I am saying they are not owned by the Chinese YET.
Supposedly the ultimate achievement in the USA is to be taken to the heights of Wall Street. NOT! There are problems with Wall Street buying out these companies. The companies do not come to full bloom adding more and more employees from local economies.
The USA is for sale everyone and it is up to us to END IT. We need these companies across the country to stay where they originated and HIRE AMERICANS. Why isn't there HealthMedia, HandyLab and Accuri Cytometers in every state in the country infusing local economies across the entire country? Why isn't this happening? It is definitely a capitalism ECONOMIC MODEL. The growth of our grads into local companies that supply them with investments to continue their successes in research as well as employment of local talent as the companies products come into demand and sales increase annually.
There has to be the INTEREST by local government to work with these efforts to bring jobs home to their own cities and towns and not to Wall Street. It is one of the most important and patriotic paradigms that can exist within the sovereign USA. Local investors WAITING for a chance to expand their economy have to go searching for it in places like the Michigan Endowment.
Feb. 2 -- China National Chemical Corp. (click here) is nearing an agreement to buy Swiss pesticide-and-seeds-maker Syngenta AG for about 43.7 billion francs ($42.8 billion) as the state-backed company extends its buying spree with what would be the biggest-ever acquisition by a Chinese firm, said people familiar with the matter. Bloomberg's Simon Casey reports on "Bloomberg ‹GO›."
