
U612 Flexible Pipe
Materials:
Features:
Working Pressure<0.6MPa
Diameter:1.5"
Materials:l
Body: SUS304
Package:
Product ID Weight Dimension
U612-A 37kg/case of200
23×23× 34cm/case of 200
U612-B 37kg/case of200
23×23× 34cm/case of 200
we are committed to create the best workplace, encourage our staffs to put their own personalities into their jobs, and provide them a stage to show themselves.
ing gets even junkier. A successful sale will reduce the odds of GM
going bust in the short-term, but make it even likelier in the long-term, says Mr Altman.
The reason is that GM s cash mountain is not so much an asset, but something for the UAW to
fight over. Selling the stake in GMAC adds to the available cash. That is likely only to postpone the
day of reckoning and may thus prove a huge and costly mistake, says Dale Oesterle, a law
professor at Ohio State University. Far better, he thinks, would be for GM to seize the day by
handing its cash mountain back to shareholders in the form of a special dividend, and filing for
Chapter 11 right away.
That is an easier fuel dispenser call to make from the lecture theatre than the boardroom. More likely is that for
a few more years yet, everyone will suffer as GM s remorseless decline goes on.
© 2006 .
Bankruptcy
Don t feed the zombies
Apr 6th 2006 | CHICAGO
From The Economist print edition
What Japan can teach America about coddling co fuel dispenser mpanies in debt
THE big complaint against many troubled American firms these days—from airlines to makers of
car parts—is how they use bankruptcy to weasel out of pension promises and union contracts. But
protecting firms from the need to take radical action can have even worse long-term
consequences. Anyone who doubts it should look at the experience of Japan in the 1990s.
Japan s “lost decade�followed a nasty collapse of property and share prices. But the subsequent
debt and deflation did not have to drag on for so long. The problem was that Japan s weakest
firms—especially in non-manufacturing industries isolated from global competition—were
subsidised by badly regulated banks. Thos fuel dispenser e “zombie�companies then damaged the profitability of
healthy rivals, making entire industries sick. The process is laid out in gruesome detail in a new
study by three economists Ricardo Caballero of the Massachusetts Institute of Technology, Takeo
Hoshi of the University of Cali