LyrArc Article Gist
Hurt looks at the study of the impact of changes at Boeing between 1996-2006, by Greenberg, Grunberg, Moore and Sikora, in a book titled: "Turbulence: the Pain of Change at Boeing." Boeing is an iconic American company, a pioneer in aviation manufacturing, and one of only two such companies in the world. How have workers and managers felt about the changes from teams (concept imported from Toyota), outsourcing of manufacturing to different locations around the world, and other changes, and how has this impacted the company that is Boeing. The authors tracked 525 workers and managers at Boeing in 4 separate surveys. Many workers worry that outsourcing will lead to giving away the farm, as one engineer with 27 years of experience put it. Eventually Boeing would put work out to 135 sites in two dozen countries to cut costs and gain access to foreign markets. It ends up pushing the Dreamliner 2 years behind schedule. Many managers worry about the loss of engineering and jobs to global partner companies, which would hurt the US in the long run. Even the team model imported from Toyota has a negative effect, by affecting employee morale. The career ladder becomes compressed and opportunties for advancement are no longer there. Employees expressed a sadness that the old feeling of the value of contributions, as a source of the company's competitive advantage was missing....

LyrArc Article Gist
Inida's current account deficit is growing. One estimate is that it will reach 4% of GDP by March 31st. This exceeds what it was during the 1991 crisis. The central bank appears to be tolerant of increasing capital inflows.

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Two politicians, Nakaima and Iha, are in a tight election bid for Governor of Okinawa, Japan. Both are campaigning against the location of the US Futenma military base on the island of Okinawa. About 84% of Okinawans are against the continuation of the base in Okinawa.

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An historic milestone is reached in cooperation between NATO and Russia in setting up a anti-missile network that would protect all countries in Europe, including Russia as cooperation develops. An accord is reached between the US, Russia and the European countries. The threat is seen to be from Iran. Russia offers a full-fledged strategic partnership with NATO and the US. Russian President Medvedev says this should not be just a gesture in the direction of Russia to spare Russian feelings, while the rest of Europe tends to its own defenses working with the US.

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The Comptroller and Auditor General of India's investigation into the issue of 2008 telecom licenses shows that this was mismanaged, leading to a loss of $39 billion in revenue for the Indian government.

LyrArc Article Gist
Radio message read by Bernard Baruch, adviser to US Presidents Wilson, Roosevelt and Truman, over CBS radio in 1953.