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Editorial See other Editorial Articles Title: Daily Reckoning readers respond with views of their own The Weekly Endnote: And now, we turn the floor over to our Fellow Reckoners... First up, this one from Charles C... Fight or Flight ??? The Flight is already happening. It is the new "modus operandi" of entrepreneurial efforts. Evergreen on the East Coast, maskers of solar panels, lays off 800 workers and moves production to China. A Wind Generator Company in Sam Diego lays off a thousand and sends production to Mexico. Why Not? Gross profits are immediately generated. Labor costs are lower. No money has to be paid for "Entitlements. Along with this the new technology is handed over to foreign governments. Why not nanotech, genetics, medical technology.... Until this paradigm is minimized, the US will never recover! We need to keep the jobs here first, then generate more jobs. Next up, from from J. Morrison... ...following the Agora conference in Vancouver. On the topic of greatest risk (aka, what keeps you awake at night), anticipated risks are rarely the worst possible. For example, the risk of a Shiite -- Sunni war cutting off oil is one that is impressive in scale and consequence. But looking back at history, the greatest risks were often unrecognized. For example, who knew that shooting a Duke could lead to the WW1, or that a charismatic but frustrated artist wannabe turned author would usher in WW2, and finally who foresaw Dec. 7, 1941? So, to the scenarios described by the able Whiskey & Gunpowder panel members, I suggest adding war between China and India. Imagine that, if the 2 emerging markets that we are collectively depending on to pull our bacon out of the fire, started a fire of their own. Let's make the basis of the conflict competing water demand, and let's give that the name, Brahmaputra River. My thanks to the Agora personnel and all of the presenters at the conference, it was a pleasure doing business with you. And finally, an important note from C. Willow... I object to elected officials being referred to as leaders; they are clerks that have discovered that no one is in charge and have irresponsibly run amok. Please, if you must, refer to them as government clerks or some other epithet as calling them leaders implies that they are respected by the populace in general and that we view their actions as honorable and worthy. Calling things by what they are helps people see what is real, what is hubris, and helps to maintain perspective.
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