Monday, July 14, 2008

As America Dies, The World Pecks On The Carcass

InBev acquiring Anheuser-Busch for $52 billion

"BRUSSELS, Belgium - Belgian brewer InBev confirmed Monday that it will buy its U.S. rival Anheuser-Busch for $52 billion to create the world's largest brewer.
The acquisition means control over America's largest brewer — (as) the No. 2 worldwide and brewer of Budweiser — moves overseas. Based in St. Louis, Mo., Anheuser-Busch has more than 48 percent of the American market share with brands that include Bud Light."

Headline of the day - THIS BUD'S FOR EU

"General Electric Co. has sold its venerable plastics division, one of the keystones of the company, to offshore buyers, and is preparing to unload its household-name large appliance division. (The only logical U.S. buyer, Whirlpool Corp., is likely disqualified on antitrust grounds.) GE said Thursday it also will spin off its lighting division, which dates from founder Thomas Edison's day. Much of America's steel industry now is owned by Indian steel magnate Lakshmi Mittal. IBM Corp. has quit the personal computer business, giving China's Lenovo Corp. a leg up in cracking the United States market."

U.S. Steel Corp., Levi Strauss & Co., Gap Inc. and Starbucks Corp. may be next. How many airlines are about to go belly up and be sold off?
“As GM Goes, So Goes the Nation”

2 Comments:

Blogger Mad_Tinfoil_Hatter said...

When the dollar goes to zero, the rest of the world will be able to buy up our remaining economic infrastructure for pocket change.

14/7/08 3:04 PM  
Blogger nolocontendere said...

That's the trend, mth, and we're seeing it happen before our eyes. Our future is disappearing while the fucking scumbags in whom we entrusted our safety and security pocket a few shiny baubles.

14/7/08 4:33 PM  

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