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November 18, 2009, 6:19am Report to Moderator
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GE, China groups form joint ventures
Agreements center on aerospace, energy and retail businesses


Associated Press
First published in print: Wednesday, November 18, 2009

NEW YORK -- General Electric Co. said Tuesday it is forming joint ventures with major Chinese groups that operate aerospace, energy and rail businesses.
GE, which currently runs 36 wholly owned or joint venture companies in China, did not disclose the value of the deals.
"These agreements share common themes -- rapid growth potential, clean technologies and job creation," said General Electric Co. head Jeff Immelt.

GE Aviation and AVIC Systems will create a global avionics business, based in Beijing, to develop and market products for commercial aircraft customers.

Read more: http://www.timesunion.com/AspStories/story.asp?storyID=867134&category=BUSINESS#ixzz0XDIkaXQg
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bumblethru
November 19, 2009, 11:22am Report to Moderator
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Perhpas PG would like to re-think this one! Here we are, in the United States, with unemployment at over 10% and rising, businesses closing and where does 'wonderful' ge go? They chose to go to Beijing to start a global avionics business.
Unless PG has a stake in GE.....I would expect he now sees how foolish his article was.



Quoted Text
VIEWPOINT
Gift that keeps giving Buying locally supports the efforts of GE and others
BY PETER J. GUIDARELLI For The Sunday Gazette

    The holiday season will soon be upon us, and the spirit of giving will hit its yearly pinnacle. I would like to share some ideas to provide Schenectady with a small economic boost yet create a big impact on those in need.
    We are blessed in Schenectady that much of the heavy lifting of corporate giving is done by great local companies like Price Chopper, Trustco Bank and The Daily Gazette. But it is a recent very personal experience that really made me think of the General Electric Co. in a much different light and the impact it has had on so many families in the region.
    Recently my 15-year-old son experienced a re-occurrence of a series of nightly grand mal seizures. The seizure is an epileptic episode that launches him into an uncontrollable, full-body convulsion that lasts for several minutes then leaves his body comatose in appearance and almost lifeless. It feels like a lifetime when it happens. If you were to see one and were not aware of what it was, you would think your child was dying right before your very eyes.
    Luckily, in our situation, they are not as bad as they appear, but they can exhaust the body. My son’s condition required an MRI of his brain to help diagnose the problem. The MRI can determine if the source of the seizures is purely a neurological short circuit (good news, relatively speaking) or if there is another cause, such as a tumor on the brain (obviously bad news).
    As we checked into the hospital and proceeded to the MRI exam, a family was receiving bad news from an MRI result. Witnessing the raw emotional reaction is a true reality check.
TIME TO REFLECT
    As my son lay still on his back, strapped to the conveyor bed, the machine slowly pulled him into the belly of the MRI chamber.
    This ultra-sophisticated piece of equipment is surprisingly simply designed in appearance and has the familiar GE logo prominently displayed in a soft blue color. For 45 minutes, I was alone in the exam room, staring at my boy while pacing, observing and thinking a thousand thoughts as the machine cast intermittent deafening, knocking and rapidfire rattling sounds that were thankfully muffl ed by earplugs.
    At times like this, comfort is needed, and with the thought of the other family still fresh in my mind, that comfort came in part by just staring at the GE logo, reflecting on my family and our home. I think many longtime Schenectadians feel that GE represents home.
    I grew up in Schenectady, where five generations of my family built more than 10 businesses since 1916. The General Electric Co. did not just light the world — GE built family foundations that are generations strong. For us, GE built a trophy store, barber shop, restaurant, liquor store, construction company, bowling alley and more.
    Through the years, our businesses donated to charities and worthwhile programs in Schenectady and still do today. My family did not work for GE but worked because of GE, and that’s what that logo has always represented to me.
    For longtime residents of Schenectady and the Capital Region, the illuminated GE logo that glows brightly on Erie Boulevard has been an everyday symbol of American innovation and quality.
    Unfortunately, many things we see every day, like that GE logo, are sometimes taken for granted or underappreciated. GE was often criticized during layoffs and portrayed as turning its back on Schenectady. Schenectady, however, was not looking at GE’s turned back; we just didn’t see that GE was gazing beyond the borders of the U.S. and facing the rest of the world. GE did so to position itself in a global economy, steeped in an economic battle that reached around the globe and ultimately back to Schenectady. ..................>>>>..................>>>>...............http://www.dailygazette.net/De.....r03500&AppName=1


When the INSANE are running the ASYLUM
In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche


“How fortunate for those in power that people never think.”
Adolph Hitler
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Mrs. Beasley
November 19, 2009, 5:49pm Report to Moderator
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PG--this was an excellent heart-felt letter.  Bumblethru maybe you should read it again and then apply some understanding.  Your comment is a bit rude and a sad commentary on the lack of concern a community shows for its troubled neighbor.
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bumblethru
November 19, 2009, 7:46pm Report to Moderator
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PG--this was an excellent heart-felt letter.  Bumblethru maybe you should read it again and then apply some understanding.  Your comment is a bit rude and a sad commentary on the lack of concern a community shows for its troubled neighbor.


I was referring to the praise that PG 'brought to light' (no pun intended) to GE! How GE shaped the community we live in today. Fair enough! But now let's leave the past, live in the present and face reality....GE could care less about these United States let alone little schenectady. These United States is economically dying. We need jobs. We need businesses that can provide substantial jobs. GE could do that but obviously has taken a better offer on the other side of the world in China.

Sorry you thought my 'commentary' rude with lack of concern, but actually, I was referring to PG's 'commentary' about GE.


When the INSANE are running the ASYLUM
In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. -- Friedrich Nietzsche


“How fortunate for those in power that people never think.”
Adolph Hitler
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