…or is it?
Recently I had a layover at Washington, DC’s Ronald Reagan Airport (DCA). Remember, this is the airport of our nation’s capital city. When you land at DCA, try to sit in a window seat on the left side of the plane. Almost all the time, the landing approach is to the south, and you get a wonderful glimpse of the Mall, the Capitol building at the end, the Washington Monument in the front, and the White House to the left, all in plain view, seemingly close enough to reach out and touch. Capital glory at its best.
…until you get off the plane and enter the DCA airport terminal. Quite often, if you land in a small commuter plane, you don’t even get a jet bridge. You walk on rickety metal stairs and ramps, outside, then enter a bus, wait until the entire plane is empty and all the people are in the bus, all the while breathing fumes of jet engines and bus exhaust all around.
The terminals are dilapidated, musty and crowded. The facilities are in want. It feels like you are in a third world county airport. It does not seem like you are in our proud nation’s capital. It is embarrassing.
Take, for example, a modern Asian airport, like Singapore Changi Airport, which has received the title of “World’s Best Airport” for seven years in a row.
This is an example of an airport of a thriving country which does not spend trillions of dollars on overseas wars in all corners of the world. It’s a country that invests in its infrastructure.
Jimmy Carter recently took a call from Donald Trump to talk about China. Carter’s main point reportedly was that China hasn’t spent a single dollar on war in many years. It has built an infrastructure of roads, it has more than half of the entire world’s high-speed train tracks, it has some of the world’s greatest and most modern airports, and it loans the United States money.
We need to rebuild our country’s roads – all of them. We need to fix our crumbling bridges. We need to improve our airport infrastructure.
When I watched the video above about Changi, I could not help but think of the book King Rat by James Clavell. The prison camp the entire story plays in is located near the premises of the Changi airport. Read King Rat, a 4-star book (in my rating) and marvel about the difference 75 years can make, from the bed-bug infested prison camp to the Jewel at Changi airport.
The Little Apple that Dreamed
Posted in Business, Commentaries, Cool People, Economy on August 2, 2018| Leave a Comment »
April 1, 1976 was the day I reported to military boot camp in Leipheim, Germany. I was a 19-year-old boy and the service was my first real job. No man ever forgets the day he goes into the military. I remember it fondly.
On April 1, 1976, that very same day, on the other side of the world, in a garage in Palo Alto, California, another boy, this one 20 years old, by the name of Steve Jobs, along with this engineer friend Steve Wozniak, founded Apple Computer.
Four years later the military discharged me, and I got ready to go to college, for math and computer science.
Four years later, on December 12, 1980, Apple launched its IPO, selling 4.6 million shares at $22 per share. The shares sold out almost immediately and the IPO generated more capital than any IPO since Ford Motor Company in 1956. Apple was worth $1.2 billion.
Then in 1997, Apple was on the brink of bankruptcy. Microsoft and its many partners in the personal-computer market were eating Apple’s lunch. Then they called back Steve Jobs.
Today, 42 years and 4 months later, exactly 15,554 days after that auspicious day of April 1, 1976, Apple became the first company in history to reach a market cap of $1 trillion. Nobody had ever reached that before. Exxon, which for decades was the most valuable company on the planet, is at $338 billion today, almost exactly a third of Apple’s value.
Congratulations, Apple. You are an inspiration to all entrepreneurs, and I must admit there have been many crossroads in my career and the life of my own company when I found myself asking: What would Apple do now?
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