World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
The Great Misallocators
Keywords:
This Journal editorial talks about the role GE Capital has played in generating profits for GE under CEO Welch, and then leading to a need for government money to help GE Capital survive. It describes as hollow the claims GE makes about leading a drive for US renewal through jobs growth and innovation when earnings were driven by a finance division for many years during the financial boom in mortgages. Capital was then massively misallocated from productive uses to speculative investments. The claims about investment in jobs in the US rings hollow says the Journal, because GE continues to cut jobs in the US- employment in the US for GE fell by 34,000 between 2000 and 2009. By inviting "government to be a industrial policy champion, a financier and a key partner," as stated in a 2008 letter to shareholders, GE CEO Immelt, says the Journal, is simply inviting the same kind of capital misallocation that led to the housing bubble.
Skepticism about the appointment of Jeffrey Immelt of GE (General Electric) to head the President's Council on Jobs
04/02/2009
Immelt was appointed to head the President's Council on Jobs and Competitiveness in January 2011. A review of blogs following the appointment by Harshaw of the New York Times showed skepticism considering the role GE is playing in transfer of jobs and technology to China, negligible corporate taxes paid by GE, GE's need for bailout funds of $16 billion for its finance unit, and the lack a position for removal of distortions in trade practiced by other trading partners including China.
Grouped Articles
Jeff Immelt’s Overhaul of GE Impeded by Falling Oil Prices
Wall Street Journal 03/03/2015
New York Times 01/21/2011
Volcker Out, Immelt in On Economic Board
New York Times 01/21/2011
New York Times 01/23/2011
Wall Street Journal 01/26/2011
Comparative Advantage and American Jobs
Wall Street Journal 01/26/2011
GE's (General Electric) transfer of advanced aviation electronics technology to China
01/17/2011
The transfer of advanced technology from the Dreamliner 787 cockpit electronics to China in a new joint venture GE has in China.
Grouped Articles
China Crackdown Set to Benefit GE
Wall Street Journal 12/29/2014
G.E. to Share Jet Technology With China in New Joint Venture
New York Times 01/17/2011
U.S. Shifts Focus to Press China for Access to Markets
New York Times 01/18/2011
U.S. Shifts Focus to Press China for Access to Markets
New York Times 01/18/2011
Wall Street Journal 01/26/2011
U.S. Firms, China Are Locked in Major War Over Technology
Wall Street Journal 02/02/2011
GE (General Electric), Jobs, Global Competitiveness and the U.S. Economy
01/26/2011
GE and job creation.
Grouped Articles
Wall Street Journal 01/26/2011
Wall Street Journal 04/21/2011
Global crisis calls for G-20 growth pact - The Washington Post
Washington Post 08/11/2011
GOP Candidates Get New Impetus to Push Job Plans
Wall Street Journal 09/03/2011
Wall Street Journal 09/06/2011
A Waiting Game at Finance Unit
Wall Street Journal 09/06/2011
A realization that the idea of America transitioning to a services based economy without impairing jobs was fundamentally wrong
04/17/2006
The need for a strong and growing manufacturing base in the U.S. is one key realization for business leaders from the heads of Boeing, Intel and GE, and other business leaders to leaders in government. Failure to do this simply breeds a sense of pessimism about the future and creates an economy that leaves many productive people jobless, creates unsustainable trade deficits and foreign borrowing. Jeffrey Immelt says this in an op-ed piece in the Washington Post on the day he is appointed to head the President's Council on Jobs.
Grouped Articles
Does America Need Manufacturing?
New York Times 08/24/2011
Andy Grove: How America Can Create Jobs
BusinessWeek 07/01/2010
Wall Street Journal 10/02/2010
New York Times 02/08/2012
Growth isn’t enough to help the middle class - The Washington Post
Washington Post 02/14/2013
Why Manufacturing Still Counts in the U.S. Economy
Wall Street Journal 01/14/2015
GE (General Electric)
08/25/2010
Grouped Articles
Jeff Immelt’s Overhaul of GE Impeded by Falling Oil Prices
Wall Street Journal 03/03/2015
Wall Street Journal 08/25/2010
New York Times 01/23/2011
Wall Street Journal 01/26/2011
Wall Street Journal 09/06/2011
A Waiting Game at Finance Unit
Wall Street Journal 09/06/2011
GE Capital (General Electric)
03/07/2009
Grouped Articles
GE to Exit Retail Lending, Tightening Focus on Industrial Businesses
Wall Street Journal 11/17/2013
New York Times 03/07/2009
GE Is in Talks to Buy Alstom's Energy Business
Wall Street Journal 04/25/2014
GE Weighs Deeper Cuts in Banking Arm
Wall Street Journal 03/13/2015
Investor Group to Buy GE Capital’s Australia, New Zealand Consumer-Lending Unit
Wall Street Journal 03/16/2015
GE CEO Notes Banking Arm’s Weak Returns
Wall Street Journal 03/17/2015
GE (General Electric) and GE Capital- Breaking the link and returning to industrial business roots
01/26/2011
Linked Articles
Wall Street Journal 01/26/2011
GE to Exit Retail Lending, Tightening Focus on Industrial Businesses
Wall Street Journal 11/17/2013
GE (General Electric), GE Capital, CEO Immelt and the global financial crisis of 2008
03/07/2009
Linked Articles
Wall Street Journal 01/26/2011
New York Times 03/07/2009
America, Jobs and Competitiveness- (3) "Getting it right," the legacy of Anthony Liveris at Dow Chemical and Jeffrey Immelt at GE
01/26/2011
Linked Articles
Wall Street Journal 01/26/2011
Dow Chemical's CEO on How to Revive Manufacturing
Wall Street Journal 02/23/2012
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us