Re: Riddle me this, Batman..... hahaha
lol, we don't have Walmarts in Australia.
By the time Gina gets there, Walmart will be there. If not there is always Kmart. Same difference. Same problems.
"Michael Evans
July 31, 2006
WAL-MART, the world's biggest retailer, which last week gave up on Germany, is reportedly looking at trying its luck in Australia and is sizing up our two biggest supermarket operators, Coles Myer and Woolworths.
The UK's Sunday Telegraph reported Wal-Mart - valued at $US185 billion ($242 billion) - "is believed to be close to making its first acquisition in Australia".
It said that executives from Wal-Mart, which is based in Bentonville, Arkansas, recently visited Australia to look at possible targets.
Coles Myer, with a market value of nearly $14 billion, and Woolworths, valued at more than $22 billion, were reported to "have been identified as likely candidates".
Australia does manufacture cars, and they have the same problems with imports that the USA does
"Holden, Ford, Mitsubishi and Toyota have asked the Australian Government to restrict further drops in tariffs come 2010. The current tariffs are 10% with a proposed reduction to 5% in 2010. The 4 Australian manufacturers are scared that at 5 per cent, the low tariffs will drive the Australian manufacturing process inviable as the cost of imported cars reduce even further."
"Well the facts don’t lie, in 1988 70% of cars sold in Australia were Australian made, in 2006? 20%, thats a 50% drop in 18 years and the trend is only continuing!"
" I do know that the Australian car industry hires a great deal of people, (around 70,000), but nonetheless, the big issue here is that local manufacturers keep asking for more money and demand high tariffs for imports so that they can remain competitive. "