A Quote by Alan Mulally
No country is ever successful in the long term... without a really strong and vibrant manufacturing base.
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By the way on economics, South Carolina is an example to the country of what we should be doing as Americans. This country has a vast manufacturing base. It is growing in manufacturing where America is shrinking and it's because they have reduced taxes and lower regulatory burdens and been pro-business.
Just as a city cannot protect its manufacturing base without keeping its factories, we cannot have a strong arts sector without studios, rehearsal space, and performance venues.
It takes a long time for a country to build a strong base in science, but only a short time to destroy it. Germany was a sad example. It was a world leader in the sciences for more than a century, until its science base was demolished during the Nazi era, and the country ceded its position to the United States.
What we have seen for a very long time is large corporations shutting down plants in this country, plants that are often profitable, in order to get cheap labor all over the world. And that is one of the reasons why the middle class in this country is disappearing.We have lost our manufacturing base, and that's an issue that has got to be dealt with.
With my eyes closed, I ask if she knows how this will all turn out. "Long-term or short-term?" she asks. Both. "Long-term," she says, "we're all going to die. Then our bodies will rot. No surprise there. Short-term, we're going to live happily ever after." Really? "Really," she says. "So don't sweat it.
To generate any appreciable degree of long-term affluence requires scrupulous honesty and the willingness to honor long-term agreements with employers, suppliers, partners, and especially customers. The flimflam artist may generate a few quick bucks through fraud or misrepresentation, but no successful and lasting business enterprise was ever founded on such principles.
Globalisation has powered economic growth in developing countries such as China. Global logistics, low domestic production costs, and strong consumer demand have let the country develop strong export-based manufacturing, making the country the workshop of the world.
The Donald Trump trade doctrine is this. America will trade with any country, so long as that deal meets these three criterion: You increase the GDP growth rate, you decrease the trade deficit, and you strengthen the manufacturing base.
We have a very good history of manufacturing in this country but I worry that these skills are being lost. We walk around saying, 'We haven't got any manufacturing any more' but Made In Britain really means something, particularly in other parts of the world. We need to support British manufacturing.
Every city is either vibrant these days or is working on a plan to attain vibrancy soon. The reason is simple: a city isn't successful - isn't even a city, really - unless it can lay claim to being 'vibrant.'
I will maintain the position that, long-term, a strong and dependable dollar is in the best interests of the United States while recognizing that, at times over the long-term, that may not be the case.
We don't really look at the stock, you know? Because for us, it's about the long term. And so we're very much focused on long-term shareholder value but not the short-term kind of stuff.
'Strong Island' is slang for Long Island, New York. And it really grew out of - what may surprise people, it really grew out of the very vibrant hip-hop scene that, you know, is located and still generates artists out of Long Island.
In the short term, it would make me happy to go play outside. In the long term, it would make me happier to do well at school and become successful. But in the VERY long term, I know which will make better memories.
One of many strengths that I often see in successful women on Wall Street is a responsible balance between risk taking and risk mitigation - the ability to assess situations smartly and make the right medium-to-long-term decisions without being lured into reckless, short-term profit-taking.
The thing that I learned early on is you really need to set goals in your life, both short-term and long-term, just like you do in business. Having that long-term goal will enable you to have a plan on how to achieve it.
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