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Contributed by mm | June 29, 2005 8:04 AM PST
Good reminder: don't confuse politics with business.
From Wall Street Journal:
How ironic, given that the Chinese are acting more capitalistic than ever, advised by those pillars of the American establishment Goldman Sachs and J.P. Morgan Chase. But with oil pushing past $60 a barrel and surging Chinese demand getting the blame; with American manufacturing jobs continuing to migrate to Asia, especially China; and with low-cost Chinese goods flooding the U.S. market and Congress weighing the prospect of sanctions, the timing couldn't have been worse for China -- or better if you're among those hoping to block the bid.
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