It’s great that Chinese companies may want to buy Chrysler or GM. That’s how the free enterprise system works. Companies are priced at a fair market value in public exchanges (if they’re publicly held) and then anyone with the cash can buy them, just like any products are bought and sold a la Adam Smith. IBM was able to unload its no-longer viable personal computer business to Chinese investors. It’s a great way to get money back into the hands of American businesses and investors. And as John Dodge pointed out on his Facebook page, GM has a capitalization of only $1.35 billion at current stock prices. GM has a large product development center in China and Buick is one of the top-selling brands in China. Most importantly, a Chinese buyout of GM or Chrysler saves US taxpayers a lot of cash.
Divestiture of assets to foreign investors is not a great long-term strategy, however. Our weak financial situation is a result of years of deficit spending and a bulging federal debt. If you’re mad about General Motors going bust—don’t be mad at me. Be mad at your own spending and voting patterns.
The amount of plastic clogging the ocean continues to grow. Some startling, not-so-good news has come out recently about the roles plastic is playing in the ocean, as well as more heartening news about efforts to collect and reuse it.
Optomec's third America Makes project for metal 3D printing teams the LENS process company with GE Aviation, Lockheed, and other big aerospace names to develop guidelines for repairing high-value flight-critical Air Force components.
A self-propelled robot developed by a team of researchers headed by MIT promises to detect leaks quickly and accurately in gas pipelines, eliminating the likelihood of dangerous explosions. The robot may also be useful in water and petroleum pipe leak detection.
Aerojet Rocketdyne has built and successfully hot-fire tested an entire 3D-printed rocket engine. In other news, NASA's 3D-printed rocket engine injectors survived tests generating a record 20,000 pounds of thrust. Some performed equally well or better than welded parts.
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