It takes a lot of money to keep a business running but this company, GE Aerospace, is about to invest $650 million into their manufacturing plants. In the article GE Aerospace to invest over $650 mln in factories, supply chain in 2024 by Aatreyee Dasgupta, they talk about how they are doing this to keep up with the demand from commercial and defense clients, and to boost their production capacity. This company is going to invest around $450 million in 22 GE Aerospace facilities across the states; $100 million in their international sites; and $100 million in its U.S. based suppliers. “This move is intended to grow the company’s capacity to continue engine production, start the production of the GE9X, and continue to support the U.S. military along with its allies,” According to GE. Along with this they plan to hire more than 1,000 employees for its U.S. factories. GE Aerospace also has made plans to split into three separate companies; healthcare, aerospace, and energy. This is important because the investment is most likely going to change their stock for the better or worse. If their stock goes down it wouldn’t harm them too much because currently their stock is at 168.89 USD and is relatively steady. If their stock goes up it will benefit the company in the U.S. and also internationally. 

In this article we find out that GE Aerospace is a multinational enterprise because they produce goods in more than one country and also provide goods to many countries all over the world. Unlike Google laying off 1,000 people, GE Aerospace is planning to hire over 1,000 people in their factories. This is great for the individuals, especially ones who are in need of a job, and the company because the more employees they have the more production and growth they get. In the whole world right now there is massive inflation on everything from food to cars. By giving people jobs and hiring them to work in the manufacturing factories it will improve the economy. It will also improve the company and quality. My takeaway from this article is that GE Aerospace is trying to expand their company and improve the quality of their products. Also, because they split into 3 separate companies they have more opportunities and are able to do things more effectively. I expect that once they invest into the company they will keep continuing to grow and increase their revenues. 

This article is important because it talks about the amount of money they are investing and why they are planning to do it. If you are interested in investing and how it affects companies or if you do business with this company then this is definitely a must read. As you know, $650 million is a very large amount of money, especially with inflation, which shows just how big of an impact they are hoping it will make. I believe that this will be a positive move for GE Aerospace and will allow them to expand their business and create the energy version of their company. This plan is going to affect many companies that do business with them, because if it goes to plan then it will have a positive effect but if it doesn’t it will have a negative impact. This will also affect fellow investors as well. To conclude all these points, GE Aerospace has good plans for their future and I believe that it will have a positive impact on their company. 

This article written by authors Young Yi and Kim, talks about the latest food invention: beef rice. Beef rice is being researched as an environment-friendly alternative to meat-based protein. Researchers in South Korea are adding enzymes to rice grains and then infusing them with bovine to create a good cell-growing environment. The final product is the pink rice which has the flavors of beef and necessary protein and fat content while being cost and environment-friendly. This cultured beef rice is supposed to be more safe for consumption and sustainable in areas where traditional livestock farming is no longer an option. It is safer because fewer people are allergic to rice compared to soy or nuts. There is also 18% animal-based protein in this food which makes it rich in amino acids. Even though it does not compare to actual beef in terms of taste and flavor, it is still a work in progress with good results from the research standpoint.

I believe this innovation will be a great way for South Korea to excel in the food industry and create tie-ups with other countries. This will promote further international trade and opportunities to expand this product and related research. It will be especially thriving for Asian countries whose staple food is rice due to their geography and cultural background. This option is healthy as well as cost-efficient which will be a good boost for today’s economy especially with the inflation risk. There are also similar products(lab-grown meats) coming up in different countries like the plant-based chicken and eel with a soy base invented in Singapore.

Even though there is not a lot of bias because it is a growing research, this article has more good points about this innovation than downsides to attract the readers. This article is mainly geared toward health-conscious people and growing companies. The impact of this specific product on consumers is huge because people want to be healthy and have a protein intake, but maybe without having meat. This beef rice gives people enough nutrients while staying vegetarian. It could be a huge success in countries like India where rice is a staple food and a lot of people are vegetarian.

Nikita Jacob

While reading the article Immigration is ‘taking pressure off’ the job market and U.S. economy we gather a lot of information regarding the actual benefits immigrates have in the work force and how it benefits our economy. In 2006 15.3% of the civil labor force was made up of foreign born workers, that number  increases today at 18.6%. Mark Zandi, who is a chief economist at Moody’s Analytics, said the increase in foreign-born workers is “taking pressure off the economy.” He also states it probably is actually why the economy grew so strongly last year. Our nations GDP grew by 2.5% in 2023, beating expectations and increasing from 1.9% in 2022. Economists argue that this growth is fueling the economy and alleviating the pressure.

Immigration and how it affects the economy hasn’t really been a topic discussed in our international business class. However in my American Government class there have been countless times where we have discussed information and how it affects us. The thing with immigration is that there are two sides to it, illegal and legal immigrants. Whenever there are illegal immigrants within the workforce, people usually say that they are taking other peoples jobs and creating job scarcities. While legal immigrants are said to help the economy and create new jobs within the work force. It is a very pressing topic and people have their different views on it, but from what the data shows us, immigrants that come into our country work hard and complete tasks efficiently. This is a huge reason why our economy continues to grow and flourish.

I personally support the idea of immigrants coming in from other countries and contributing to the workforce. This is very beneficial and contributes to the growth of our economy. As we can see from the data immigrants in the workforce and their increased presence have increased our GDP by 2.5%. We hear from economists that the immigrants influx not only boosts productivity but also lessens challenges created by an aging native born population. Additionally their prosperity for entrepreneurship and job creation shows the positive impact immigrants really have. We see from specific data within the article that immigrants also launch businesses at substantially higher rates than the rest of the population.

Pink Rice the New Protein

Poppy Nolan

8th period

March 15

Article: New Pink Protein

Author: Kelly Kasulis Cho

Seoul has created the new pink protein. Adapting rice to grow beef cells, Seoul had innovated this popular food to offer more benefits than its original form. This dish consists of grown beef cells in rice grains. The idea behind this is that it will replace farmed cattle for meat. This product is the first of its kind, it uses animal muscle and fat cells. If this new product is marketed, it could have a massive impact on the international market.

If successful, beef rice could take over as a major commodity. It is easier to transport, less expensive to cultivate (compared to raising  cattle), and would have a reduced impact on the environment compared to cattle.  However, convincing consumers to purchase this new product could be difficult. Many consumers would have to be convinced that this new product was trustworthy and enjoyable to eat. Although this may not be an alternative to a steak, it could be a product that could benefit communities that suffer from extreme drought and poverty.

Overall, if this new pink protein becomes an actual thing, I personally won’t be willing to try it because it is not very appetizing. However, for people that aren’t a fan of the texture of actual beef this may be a good solution. When it comes to the world, the emergence of a new rice variety could impact global rice trade patterns, which could potentially affect both importers and exporters of rice.

VISUALS:

The country South Africa has a lot of problems with its economy and government, one reason for this problem is because of their unemployment. South Africa has the highest unemployment rate out of any other country, the problem goes deeper than them being the number 1 country with unemployment, They nearly double the percentage of the Republic of Congo which is second for unemployment. There are problems with their population, standard of living, food, economy, and corruption. Fixing their unemployment rate could help fix their country so much for all of the things  I listed.

China Sets an Economic Growth Target of Around 5% but Acknowledges It Will Not Be Easy To Achieve

China set a goal to achieve 5% economic growth this year despite knowing it would be hard to achieve. Premier Li Qiang outlined plans to boost spending on advancing technology, strengthening the military, and supporting the economy. But there was no big stimulus to help boost markets and help investors feel more stable in the future of China. Li suggested no major changes should be made to the leadership’s approach to the economy. And he unveiled a plan to boost growth by presenting bonds, long-term, over the next few years. Amongst many other plans.

This connects with MNC economics and politics, this relates because the government is making direct investments in new plans for the sake of the nation’s growth. I feel like in the future China will either fail or succeed, very dramatically, because despite it wanting growth in its own country it will have to appeal to foreign investors or companies for the sake of that growth and depending on what company is willing, it could change the course of where China will end up at the end of the year.

This will affect any country affiliated with China economically and will definitely affect the relationship China has with other countries as well as 100% affect the citizens of China. I also feel like since China had stable growth at 5.2% last year and that was on top of 3% annual growth rate in 2022 so there was a push. As of now people are saying the potential growth is more close to 4% despite previous years’ data.

While I was reading, “The Success from China’s Auto Market” by Sarah Wu, it talks about how Chinese electric vehicles (EV) had a successful showing at the start of the country’s annual parliamentary meeting. Before this day a little less than 30 years ago when Yin Tongyue started Chery Automobile it was heavily dominated by foreign companies. Three decades later China became the largest auto market. Yin wanted their brands to be known around the world. In the article an report states, “China accounted for over 60 percent of global electric vehicle output and sales.” During the showing China continued supporting the EV sector, but the government then gave a tax exemption for the new purchase. The new car has sparked some concerns from other countries; Europe and the United States, which caused China’s home market to weaken. The United States and Europe tried to see if the car was as valuable as it said to be. The Larger Chinese companies slowly started to distance themselves from the meetings to focus more on electric vehicles.

“China’s EV take spotlight at political meeting as priorities shift”

China is rapidly increasing in their auto market, so they are highly wanted to be part of other countries. Countries are trying to get some of China’s new products that would be popular in their country. With China creating this new electric car it’s a high want to other countries because they don’t have things like this. China’s market is rising, which then is being heard across the world. This is helping China have more international relationships, leading to China being a dominated industry in foreign companies. Businesses from other countries are wanting to join China’s auto market, to be a part of the largest auto exporter.

Throughout the article I realized that this new electric vehicle is a desire for other countries to have. Giving China callings from other countries to join in their market, has opened them to new ideas. The U.S. and many other countries have been a key for Chinese automakers to be in more demand, but then causes their own country to fluctuate. This then affected China’s home market to weaken. When the EV was created this helped bring the market back higher, and was successful during the political meeting.

Clara Hanson

March 14, 2024