Listen: Herb Kelleher, China, United States discussed on Morning Edition
"The table, but Mary lovely professor of economics at Syracuse university points out that China's slowdown can also hurt the US. It seems to me that it also shows that there's a great deal at stake here for the American economy, a number of US companies now make as much as ten percent of their revenue in China, including McDonald's, Starbucks and Intel and lovely says these include a lot of very big and innovative companies that also have large workforce's inside the United States in a global economy. She says they're likely to be affected by what happens. In china? And I think it's kind of glib to be talking about warnings about future sales as bad for China. But not bad for the US. Yesterday's big market selloff suggests that a lot of investors understand that and for now, they're responding by pulling their money out of stocks. Jim zarroli, NPR news, New York. Sorry to tell you that. Herb Kelleher the co founder of Southwest Airlines and a pioneering businessman died yesterday. He was eighty seven Kelleher was probably the most recognized person in the airline industry yet. A big personality he settled disputes by arm wrestling. He went on TV with a bag over his head above all he burnished the brand of a no frills airline. We should settle disputes here by arm wrestling to think, well, maybe not the bag probably interfere with the microphone anyway before all of that. Herb Kelleher was a lawyer in Texas and a nineteen sixty seven a client approached him with an idea for a low-fare airline that would serve just three cities in Texas. Didn't take long for Kelleher to embrace the idea. Maybe you know, like."