In the News

For those of you who do not see the future competition between Google and Microsoft please see this article that appeared in Slate (a publication formerly owned by Microsoft).

And also, for those of you who like deal-making (or the thinking therein) there was an interesting column in Bloomberg about Ghosn vs. Waggoner (GM CEO). The columnist supposes that GM will turn to Toyota as a white knight against the Ghosn/Kerkorian onslaught. And actually, if you think about it, is it possible that Toyota has seen what has happened in the Steel Industry (with Mittal Steel coming out of nowhere to become the dominant provider of Steel to the world) and wonders whether the same thing could happen with Renault + GM + Nissan.

Lastly, there was the following interaction at a press conference where GWB introduced Hank Paulson, former Chairman of Goldman Sachs and now Secretary of the Treasury as quoted by the New York Times:

Quote:
“Our first challenge is to keep taxes low,’’ Mr. Bush said. “Hank understands that cutting taxes has helped launch the strong economic expansion that is lifting the lives of millions of Americans.’’

Mr. Paulson was more demure.

“We need to pursue economic and regulatory policies that are responsive to today’s world,’’ he said. He did not mention tax cuts, one way or the other. Unquote.

Diplomacy and evasive action are all part of being a global investment banker. For the full article go to the NY Times.