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In 1861, J.P. Morgan reportedly purchased 5,000 defective rifles from a government arsenal at $3.50 each, recognizing an opportunity in wartime supply chain inefficiencies. The weapons were considered unusable by many officials, yet they became the center of a controversial trade. He later resold the rifles to the Union Army at $22 each, creating a significant price spread that drew attention from both military officials and the public. The legality of the transaction remained intact, despite wi
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PH NEEDS TO IMPROVE ENGINEERING CURRICULUM The Philippine government is stepping up efforts to position the country as an industrial hub, joining the U.S.-led semiconductor supply chain initiative Pax Silica. On #Business360, SEIPI President Dan Lachica says the country must address gaps in education and strengthen talent development—especially in engineering—to keep pace with industry demands. #fyp #foryou #foryoupage #philippines #pilipinas #viral #viralvideos #news #newsph #balita #engineerin
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