China’s high-speed trains are derailing airline companies

Competition from trains that can travel at 350 km per hour is forcing Chinese carriers to cut prices as much as 80% at a time when they are already in a round of mergers to lower costs. These trains will also erode a market that Boeing and Airbus are banking on to provide about 13% of plane sales over the next 20 years.

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Why Google News is bad for the newspaper business

When a consumer goes to Google News, it lists the number of sources. A news story immediately becomes one of 2,172 articles (or more). It is never good for a publishing brand to be considered one of 2,000 plus sources. That makes it a commodity.

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When Britain’s textile industry bailed out Toyota

Toyota had its roots in textile machinery but was anxious to diversify. In 1930, Platt Brothers of Oldham, at one time the world’s biggest manufacturer of textile machinery, handed over £100,000 in return for the patents to a pioneering automatic loom developed by the Japanese company. That money helped Toyota to lay the foundations to become the world’s biggest automobile manufacturer.

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