Thursday, November 25, 2010

Britain delays decision on Hitachi rail contract

The British government announced they were delaying their decision on whether to move ahead with the Hitachi rail contract. Some investors believed the government might scale down the contract. When the stock market opened on Friday, investors sold Hitachi shares.

Of course, Britain delayed the Hitachi contract for a reason. They wanted to punish Japan. They completely disagreed with Japan’s strategy on how to deal with North Korea. Remember, the strategy was to release classified information in an attempt to pressure China into reining in North Korea. Of course, in reality, what Japan really wanted was an excuse to release classified information, and Britain knew it. And it made Britain furious.

Boo hoo. Sniffle. Sniffle.

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