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Whitacre is basically blunt about his mission from the Obama adminstration when he attends meetings at the Tech Center in Warren or at the Westin Detroit Airport hotel and the San Antonio club: get GM growing again, he wants to see market share north of 20%. The Obama administration, Bloom and others are clear about the government wanting to get its $50 billion for the USA and $9 billion for Canada back as early as possible. He has told GM's Henderson he will be replaced it things don't change fast enough, and he wants product out faster, 2 year development times for new cars instead of three years today. The same message has been passed on to middle and upper middle managers in diagonal meetings. And what are readers commenting on this- and readers views matter a lot because GM has a wrong perception out there that hurts sales- a third of twelve readers said they cannot understand why young people are not moved up to run the company especially from design and engineering, one mentions Whitacre's age 70 years. A third just don't think much will change, and one says he will buy aFord. And a third says Whitacre is the guy who can shake things up and he should. ...

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Russian president Putin was hoping for an end to sanctions. The interference in the 2016 election was done with the hope that a Trump administration could make a difference in the sanctions after the deterioration of relations in the last year of president Obama.The U.S. Congress has moved to extend the sanctions, with Democrats and Republicans coming together on this issue. This means there is not much that president Trump can do to improve relations. This report in the NYT by David Sanger even goes as far as citing George Kennan from Foreign Affairs publication in 1947, that a "long term, patient but firm and vigilant, containment of Russian expansive tendencies," is likely to be U.S.policy.

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Uber CEO Kalanick faces problems after the ride sharing app service company uses aggressive tactics in its business. Kalanick resigned after increasing pressure, with major investors on the board asking him to resign. Mike Isaac in the NYT says Uber is an example of how some aspects of Silicon Valley culture have caused a public outcry. A federal inquiry is under way into a software tool used to avoid law enforcement. Other complaints came up during the period Kalanick was CEO. The business conduct of CEO Kalanick has come under strong criticism and shows what can go wrong in the aggressive pursuit of business. For many it is an example of how not to run a company.

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Friedman cites Prof. Rogoff's work about the economc crisis being a great Credit Contraction and not a Great Recession. The process of deleveraging and transfer of assets from creditors to debtors either through financial repression, inflation or transfers, has to take place before the economy can recover. Rogoff says it takes a period of 4 years or more before the economy recovers in situations like this based on historical experience.

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Nokia's new hardware design strategy capitalizes on Nokia's strengths in design and manufacturing. Marko Ahtisarri, Nokia's head designer sees opportunity in coming up with phones that have more natural forms, and move away from the black, grey metallic rounded-corner rectangles. He wants to design a phone that would let users keep their heads up, so they can have contact with their environment even as they use their phones.

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Stephen Wolfram, a software designer, has deisgned a search engine which searches a structured database. The new version is called Wolfram Alpha Pro, which is a computational knowledge engine. The premium version is $4.99 a month, or $2.99 for students. Apple's Siri makes up about a fourth of the search queries handled by Wolfram Alpha. It works with data and images and can bring in figures and charts from different websites.

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Ann Marlowe has completed her sixth embed with American troops. She is a visiting fellow of the Hudson Institute. Her views from the ground are that without good governance the American effort there seriously risks failing. She is very concerned that the current administration is not taking good governance seriously. There should be alternatives to the Taliban and to the Karzai government which has failed to win public support.

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With a credit led expansion, and credit flowing as rapidly as in 2009, China faces some difficult choices in 2010. Inflation's annual rate rose to 4.4% in October 2010 from 3.6% in September. China's CPI target is 3%. October 2010 saw an additional $89 billion of new loans, and China is floating on a sea of credit. The question is how econmic growth can be maintained once this slows.

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After working on improving schools in large cities like Chicago, Philadelphia and New Orleans, Paul Vallas is working on improving the school system in Bridgeport, Connecticut. Bridgeport is typical of parts of America's industrial areas, which now face shortage of funds and failing schools. Dropout rates in the school system are between 23-45%. And only 10% of tenth graders can read and do math to meet the state standards.

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Instant information, too much information, can bring its own set of problems including making people unable to figure out what information to trust. Here Evan Williams, a co-founder of Twitter, describes the problems and his second thoughts about progress and the internet. His new startup Medium hopes to encourage long form writing, but even this is shorter than the longer form articles that were common in prior decades.

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The NYT editorial says budget reconciliation should kick in if by a certain date in the fall bipartisan agreement is not reached. With budget reconciliation, the term for a expedited processs, health care legislation can pass by a simple majority vote. NYT says bipartisan agreement is a good thing, but more important is effective health care reform. And there is little evidence of Republican cooperation so far on any issue.

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How Norway's sovereign fund operates. It is one of the largest sovereign funds and one of the best run funds with carefully planned arrangements. Only 5% stake can be taken in any one company. No more than 4% of the profits may be used for budgetary spending. The Ministry of Finance makes the guidelines, but the Central Bank actually manages the fund, with a unique arrangement for division of responsibility.

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Wage inflation is slowing down even less than the increase last year. Prices of imports are higher but oil prices are goig lower so this can change. And increase in prices of services is slowing So its not clear whether we are going to see lower inflation or higher inflation. There is a chance though that inflation may be lower and may go down to zero says Mandel of Business Week.

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Credit, getting loans has been faulted for the startling drop in sales in recent months. Not so says Toyota's sales chief. Jim Lentz says the vast majority of Toyota customers can get approved for loans. He says in Toyota's case its not credit but consumer confidence thats the biggest issue. Lentz says a record number of customers are postponing new car purchases. Toyota sales were down 32% in September 2008.

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WSJ opinion pages on the day after the Obama victory speech. Sorensian overkill says Henninger, if Ted Sorensen did some of the writing or the young speechwriter went into overwriting. Asks Henninger "remaking this nation. Calloused hand by calloused hand?" Or "our union can be perfected" or talk of "the despair of the dust bowl and depression across the land." Or says Henninger is Obama given to grandiosity?

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CEO Ryan at CVS/Caremark. An unassuming man with a sharp focus on things, joined CVS right out of pharmacy school at University of Rhode Island. At 29, CVS owner Stan Goldstein gave him the chance to run pharmacy operations for CVS, then a regional drugstore chain in the eastern USA. Over the years CVS has made a number of successful acquisitions, the latest being the acquisition of Longs Drug store chain on the west coast, and it is now one of the largest chains in the USA. It has nearly 7000 stores and more than 50 million users of its CVS loyalty card in the US. As the pharmaceutical business evolved pharmacy benefit management (PBM's) companies like Caremark, Medco, and Express Scripts, came into being to manage burgeoning prescription costs. PBM's work with companies to save money, by filling recurring prescriptionsin 90 day quantities through the mail at reduced per pill cost. Now drug store chains instead of competing with PBM's are either creating or acquiring these larger PBM's. THe result is that a company like CVS which acquired PBM Caremark in 2007 for $27 billion, now has extensive computerized databases with patients information and drug usage histories. Ryan's clear focus is on these IT records as a distinct advantage, if he can use it to help the Obama administration's efforts to control health costs of chronic diseases like diabetes and arthritis, and back or neck pain, high blood pressure, and others, that end up clogging the hospital system and raising health care costs. By using these IT records to flag when a patient is not compliant or taking his medications and call the patient, Ryan can increase drug sales, get more visits into drugstores if the drugs can also be picked up at CVS stores, and increase sales through ancillary purchases during visits. This is now his strategy. It also includes setting up more clinics at stores and at corporate locations that divert the patient flow for small care like sore throats, flu and the like. As this is the way health care costs can be controlled, Ryan sees himself as helping achieve national goals while keeping CVS in the sales and profit picture for the US, even as health care as we know it goes through a complete transformation that removes the waste and unnecessary cost, and improves effectiveness and health. He sees CVS/Caremark right where it wants to be with its large patient drug database from about 1 billion prescriptions it fills each year, and as the largest single buyer and dispenser of prescription drugs in the country. ...

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The 11th Annual State of the News Media Report of the Pew Research Center is optimistic about the future of the news media business and news organizations. The optimism centers on the new investments in the business leading to new hiring for Buzz Feed, Washington Post, and other organizations, the access to news media on the tablets and the smartphones, the new ways and tools used to reach a younger demographic, on line video clips on the digital websites which are drawing users away from the news cable networks with viewership of Fox, CNN and MSNBC declining 11%. Six of 10 adults watch video online and half of them watch news videos. Interactive data presentation is popular. Younger people of highschool or college age get news on Facebook and social media networks, another way of consuming news information. Especially useful are results of the Pew Center's research showing 68% of American adults connect to the internet on tablets or smartphones, and 31% of tablet owners telling Pew they were taking out more time for news information. The tablet is particularly well suited for news information, and as lighter, thinner, easier to hold and fit into a pocket tablets are designed at lower prices, this trend is likely to get stronger....

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Keir Starmer of Labour  in Britain says "From 20 points behind to 20 points ahead in the polls." As Lincoln said you can fool some of the people all the time or all of the people some of the time, but not all of the people all of the time." This has relevance also for America in 2024 as president Biden in his transformative work for America faces the same kind of rumor and doubt Keir Starmer faced for the last two years, much of it pushed by the Tories. Lincoln said this in Clinton, Illinois, in the Lincoln- Douglas debates, September 2, 1858.

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Indian Foreign Secretary Vikram Misri says-

"We intend to be able to cooperate in co-designing the reactors, co-developing them and co-producing them, we feel this will allow us to tackle complications faced in other conventional projects," he said. This approach to build smaller modular reactors because it comes with less cost and which can be reassembled at the usage site is a new field. 

India is putting $1.2 billion in nuclear research.

India sets goal for 100GW of nuclear energy 2047.

Five Indian built nuclear reactors by 2033.

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Signs that the SUV based model for running car companies is cracking. A study from the University of Michigan Transportation Research Institute estimates that profits from large and midsize SUV's for GM, Ford and Daimler Chrysler dropped 40% or $7 billion from 2001 to the end of 2004. These figures track a steady decline in profits from SUV's, as incentives are used to promote sales of SUV's, lowering the whole profit structure a big notch downwards. In 2001, this study found that the per vehicle profit was about $9500. In 2005 thanks to big discounts the margin on SUV's is about $6300. On midsize SUV's like the Ford Explorer or the Chevy TrailBlazer, margins are down even more to $4100 from $7200. Responding to this study GM looks at it differently, it sees declining sales as the main culprit not the margins. Its thinking goes like this- as long as we can keep sales up we can cover our fixed costs including costs to retirees which make up a big part of the picture And it looks at the variable profits which it finds to be much higher than the numbers put out by the Transportation Research Institute. ...

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A new Nuclear Fuel Bank has private funding of $50 million from Warren Buffett, and additional funding from Kuwait, US, the EU, Norway, and the UAE. The total funding so far is $157 million. With this initial funding the International Atomic Agency has setup a global nuclear fuel bank that countries can turn to for developing nuclear power. At this time more countries are turning to nuclear power as a source of energy supplies. The development of nuclear supplies and purifying uranium also lends itself to the making of nuclear weapons. By providing an independent source the IAE agency provides a way to remove the ambiguity present in the development of nuclear energy. As the idea of atomic fuel banks is gaining hold Rusia also has set up a bank. When enriched at lower levels uranium can be used for nuclear energy. When enriched at higher levels this becomes a fuel for making atomic bombs. Which is why nuclear experts want to see the uranium turned into fuel rods as quickly as possible, because it is hard to turn the rods into weapons. This money will be enough to buy 80 tons of fuel- enough for refueling one reactor....

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Two thirds of Americans are becoming pessimistic about the economy. This is one of the results of a Wall Street Journal/NBC poll. This is up from 53% in January. Voters are losing confidence in the idea that the Democrats can come up with better solutions than the Republicans. Only 24% of those polled have positive feelings for the Republican party, with Democrats doing only slightly better. Democratic pollster, Peter Hart- who along with Republican pollster Bill McInturff conducted the survey- calls it the JetBlue election. This description is from the JetBlue flight attendent who ran from the plane after exiting through an emergency chute. There is a sense of severe discomfort and looking for the exit, he says. With 6 in 10 of those polled expressing a loss of confidence in the policies of the Obama administration to improve the economy, including 83% of independents, and a quarter of Democrats. The situation has deteriorated on the confidence level with the war in Afghanistan as well. 68% of those polled say they are less confident now that the war in Afghanistan can be brought to a successful conclusion....

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Shellye Archambeau talks about lessons she learned. She had a unique approach to mentors- find a mentor but do not ask directly whether he will mentor you, instead simply act like he is your mentor, ask questions and cultivate the relationship. This is because most people think mentoring is a committment and will take a lot of time which they consider scarce. Suggestions include: to ask someone have you any thoughts on how...? to get people's idea on doing something. She suggests being sincere and acting on it, and thanking that person, as a great way to get them to respond in the future. Getting people to believe they want to do something is importnt and getting them to believe that it can be done, is a great way to get people inspired to achieve new things. Reducing fear, while all the time being clear about what is expected, produces the best results.Taking risks, venturing out into the unknown, is part of all this because only by getting out and doing new things when you still feel you are not 100% ready, can one learn, grow and create value....

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Much of the cost for Canadian oil sands are fixed costs and once these costs are incurred production increases can take place over decades say Canadian oil sands company executives. CFO Corey Bieber of Candian Natural, says costs at it large Horizone mine are at $37.13 Canadian dollars per barrel in Jan 2015. He expects to cuts costs by at least $10 Canadian dollars per barrel by higher volume production cutting the operating expenses. Increasing production says Bieber does not mean adding people. As a result most of the Canadian oil sands producers can operate at oil well below US$47 a barrel, as low as $30, and are increasing production in 2015. This means Saudis will have to face competition from Canadian oil. It also means the Keystone pipeline will still be needed to transport Candian heavy oil to Gulf Coast refineries in the U.S. Suncor, the largest Canadian oil-sands producer, is increasing capital spending to C$7.2 and output by 11% in 2015. Canadian Natural is increasing production by 7%, and Syncrude Canada Ltd. is planning a 6% increase for 2015....

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Kasman of J.P. Morgan Chase only sees a small upturn in activity, that as he sees it in a world where activity is so depressed that modest changes by business and households give a lift, with unemployment coming down to 9%. Hatzius of Goldman sees unemployment rising in an economy where capacity utilization is extremely low, with unemployment rising to 10.5% even with the best efforts of the government. Hatzius sees a painful defaltion as a serious risk and he points out that the Fed can do less about deflation than it can do about inflation. The one point that both agree on is exports have to give alift to the economy, and both welcome a depreciatipon of the dollar to lift the economy through exports. Hatzius makes the point that the lift to exports is still limited- not enough in exchage rate depreciation of the dollar to help the American economy. And Kasman actually says it now Asia's turn to do their share. We lifted them out of the slump after the 1997 Asian crisis, when their currencies depreciated and exports to the US lifted their economies....