Ted Koppel is on the top of the journalists I admire. He always asks tough questions in a polite manner, and he has very good insights on international matters. That’s why I was sad to see he leaving ABC NightLine a while ago; and yesterday I was glad to learn his latest project Koppel on Discovery, People’s Republic of Capitalism (PRC), will be shown from July 9 to 12, on Discover Channel each night 10 PM (ET). Here is an excerpt of the show.
We’ll trace the interconnected web of U.S./China trade, from Mexican migrant workers in North Carolina to a Chongqing teenager working on a boombox assembly line; quality control inspectors at Ethan Allen to a Chinese homemaker shopping at Wal-Mart in Chongqing; and laid-off workers from Briggs & Stratton’s Rolla, Missouri plant to the American who runs the Briggs & Stratton plant in Chongqing.
Hm, Rolla is where my Alma Mater University of Missouri – Rolla (now Missouri S&T) is. Ethan Allen is one of the very first US stocks I bought (in 2002 🙂
Charlie Rose interviewed Ted Koppel on PBS (July 9). I put it on my calendar but forgot to watch it later. I am now looking for the video because I want to see intelligent discussions between two top journalists (talk show host).
1) Again quote Ted: My analogy [of 24/7 news] is it’s rather like standing 2 feet away from a railroad track and watching the trains go by. And, boy, you’re close and it’s exciting and there’s a lot of energy and you really feel as though you’re on top of it, but you can’t for the life of you see what’s going on. And if you really want to know what’s going on, you’ve got to step back 10 feet, 20 feet, 50 feet, sometimes half a mile, so that you can see the locomotive and the caboose and everything that is in between.
Maybe I could use that idea for investing? Isn’t this similar to Buffett’s approach to investing (live in Omaha, instead of Manhantan).
2) Ted Koppel grills Mike Brown (Google video, 8 mins), the head of FEMA, on FEMA man-made disaster after Hurricane Katrina.