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IBM CEO Arvind Krishna Interview with Christopher Mims on IBM's mainframe hardware business and its future in quantum computing. IBM sees quantum computing as a trillion dollar business and CEO Krishna thinks it will happen sooner in the next 4-5 years. Siimilar to Nvidia's lead in AI type chips IBM holds lead in quantum computing hardware technologies. IBM's mainframe business generates 20-25% of sales but it also generates software and services sales related to IBM's hardware which is about $4 for every dollar of mainframe sales. IBM was affected by not enough orders closing last quarter yet this has picked up with a lot of the orders closing in the first month of the second quarter. Krishna is optimistic about IBM's future.

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In Smucker's failed acquisition of Hostess Twinkies for $5 billion business analysis but no mention of RFK Jr MAHA from WSJ. How on earth could Smucker's think that foods like Twinkies would be growing in size, because by 2020 the dangers of such junk food were already evident from the Nation's obesity problem. It isnt' the failure of distribution channels for Twinkies merged into Smucker's jams products slower distribution that is the problem (the 65 days shelf life for Twinkies). It is the Nation's gradual recognition of and awareness of how obesity happens and how it destroys people's health and well being. 

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About Kurdish attempts to negotiate with foreign oil companies for oil exploration on Kurdish territory within Iraq. Fears of the Sunni minority and the concerns of the Shiite controlled government's oil ministry in Baghdad.

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The new head of U.S. President Obama's Council of Economic Advisors, is Princeton economics professor, Alan Krueger. Kueger is known as the academic's academic, whose office is located with other labor scholars in the Princeton library. His work has focussed on what he calls "Rockenomics" (research about which bands do well and the reasons for this), on commuting, on studies such as the one with a suggestive title, "Sorting in the Labor Market: Do Gregarious Workers Flock to Interactive Jobs?" His appointment suggests the Obama administration is looking at no new policy initiatives, focussing on an incrementalist approach in policy actions, with the hope that he can get both political parties behind smaller changes. Putting a micro-specialist in charge at a time of huge volatility in financial markets shows an administration that is likely to continue the status quo with small changes till the presidential elections in 2012- the opposite of strong action because the Obama adminstration has no idea how to turn this economy around and only hopes things will change....

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EV Batteries and their long life increases confidence in EV's by 2026.