When we are facing such a crisis, we need to find a responsible and even a guilty. Globalization looks like the favorite and it is not going to be without effects on “the days after”. The outbreak, as we can know it, was born in China, in one of the country industrial capitals, Wuhan, frequently nicknamed as the “Chinese Detroit”, so developed is its car industry. The outbreak, as also without being sure of it, expanded in Northern Italy and in Alsace because people, coming from the contaminated area, passed on the virus. Always through the mtrips of infected persons ...

Continue reading

The crisis the world economy is going through is without  precedent. Measures taken to fight against the corona virus outbreak have, as an effect, to stop the economic activity. Household aren’t anymore moving around, which hurts entire sectors: air transport, hotels, airports, restaurants. Shuted up at home, they don’t consume anymore, except to satisfy essential needs and shops, malls and soon markets close. Enterprises have no more clients or spare parts to produce. Home working is only possible for some services activities. To produce, you need to be there. Plants put their workers on unemployment and close. But ...

Continue reading

Jack Welch, who has been General Electric Chairman and CEO during twenty years, from 1981 to 2001, has passed away yesterday, March 2^nd. He was 84 years old. He had transformed the company to make it the highest Wall Street market capitalization, reaching 400 billion dollars when he retired, and especially, both regarding large company management and strategic issues he acquired at the dawn of globalization and he remains a benchmark. He was also a friend of France. The company current difficulties, whose value fell and which has been excluded from the Dow Jones where it was included since ...

Continue reading