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CEO Shigetaka Komori of Fujifilm Holdings Corp. describes how Fuji responded to the technological changes that made photographic film obsolete. Kodak recently filed for bankruptcy protection. Fuji made the transition to other products to cope with the change. Komori became president in 2000. He says one of the responses was to reduce costs. In 2005 and 2006 Fujifilm reduced costs by $2.5 billion mostly in photographic film. Fuji's management asked the question what technologies the company possessed and how they could be applied in new business areas. This led to new businesses in making the films used for making LCD panels used on PC's, televisions and other devices. These materials generate 10% of sales. The other areas are in medical equipment, drugs and cosmetics. Fujifilm acquired health care companies Toyama Chemical for $1.4 billion in 2008 and agreed to buy SonoSite for $995 in Jan. 2012. Health care now makes up 12% of sales.

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Spending a minimum of 250,000 euros on a house in Greece gets an investor a five year renewable visa. Chinese investors seeking a European base are buying or constructing homes in Athens, and the islands of Santorini and Corfu. This is reviving the residential building market in Greece after years of bailouts by the European Central Bank. Chinese middle class investors see the presence of Chinese companies such as Cosco which owns part of the port of Piraeus as a sign it is safe to invest in Greece. Property prices dropped 40% in 2010. In 2018 prices went up by 2% and building permits by 10%, according to the Bank of Greece. Real estate investment was up 20% in 2018 with Chinese investment companies buying into whole apartment blocks in Athens to draw investors.

Greece had a record 33 million tourists in 2018. A 320 billion euros bailout ended in 2018. 

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The Congressional Budget Office analysis of the Republican healthcare plan advocated by Mr. McConnell, Senate Majority leader, is that it would add 22 million uninsured if implemented. That plan ran into opposition from Republican Senators Collins, Capito, Murkowski, Paul, and Moran, and lacked enough support in the Senate. All Democrats opposed it and with the thin majority Republicans were divided. By taking away some benefits given under the existing Affordable Care Act the plan hurt the elderly and low income people, making some Republicans listen to their constituents in home districts and not the Republican leadership. The NYT profiled two in particular who astonishingly in a sign of today's strange politics were the only ones publicly holding townhall type meetings to hear the views of people in their voting districts- Susan Collins of Maine and Jerry Moran of Kansas. Both senators were listening to rural communities and Moran stated his opposition with the words- "I am a product of rural Kansas." With it the nation takes a breather and the message goes out that it is best to listen first and then to seek middle ground, not do what both parties Democrats and Republicans did in 2009 and 2017- rush serious legislation through without support across party lines and without serious discussion.   ...

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Cities that drop in the Livability Index of the Economist Intelligence Unit include New Delhi with poor air quality and petty crime slipping 6 places to 117  and Mumbai for culture downgrade by two places to 118. Karachi is at 136 place and Dhaka is the third lowest with weak infrastructure. Melbourne, Australia and Vienna, Austria are the top 2 places.

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This photos essay in The Guardian can be seen for pictures of US presidents since John Adams, at pivotal moments or moments that captured some symbolism of the times. John Kennedy is simply bending to look at a newspaper on the Oval office desk just  moments before meeting the French ambassador, yet the pressures of office show such as Cuban Missile Crisis in 1962.  On November 22, 1963, Freedland says Kennedy warned against extreme groups. Franklin Roosevelt in 1932 had warned of radicalist groups if needed action for sharing the wealth and opportunity of the Nation were not taken. Kennedy said- "America’s leadership must be guided by learning and reason, or else those who confuse rhetoric with reality and the plausible with the possible will gain popular ascendancy, with their seemingly swift and simple solutions to every world problem.” Sometimes leaders are faced with difficult situations  “I want to tell you how grateful I am, and how worthy I’m going to try to be of all your hopes.”  a phone call to Martin Luther King Jr in 1963. Who was this US president? LBJ of Texas got it right for America, but lacked in international affairs knowledge of what John F. Kennedy had learned about aspirations in Asia and colonial rule during the war years in the Pacific. One president brought about 40 years experience in Congress to four major crises – the pandemic, crumbling infrastructure, loss of manufacturing in the US, and climate change– and passed the most far reaching legislation for trillions of dollars of investment since Franklin Roosevelt.  The most famous of these photos is the one showing Harry Truman holding the Chicago Tribune in 1948, which said "John Dewey Wins."   ...

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Reliance Industries plan for new 4G telecom network in India using the latest technologies.

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There are crazy billionaires and thoughtful billionaires, callous billionaires and ideology bound billionaires. Rubinstein as talk show host is of the thoughtful kind. The TV talk show host and Carlyle founder wants to bring people happiness by investing in a team that gave him so much as a kid watching the Baltimore Orioles and slipping into $2 seats from 75 cent seats in another era at the Old Memorial stadium in Baltimore. Here he is investing $1.725 billion in one of the smaller teams in American baseball. He says he want to build a first class training facility. David Rubinstein finds more happiness when a 8 year old kid wants his autograph at a Baltimore Orioles game. Big egos doing smart things for America.

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House Majority Leader Eric Cantor talks with Joseph Rago of the Wall Street Journal. There is a fundamentally different world view between Obama and Cantor. Cantor does not hesitate to present his view and says President Obama did not like to be challenged on policy grounds in debt negotiations, leading to the famous "I'll call your bluff Eric" remark by Obama. Cantor sees no chance of reaching an agreement with Obama that would go towards solving the fiscal crisis and feels it would be best to focus on incremental wins. He says of the Obama-Boehner deal that it did not address the problems with Social Security and Medicare. Without the transformational changes that are needed in those programs he did not think it was worth the cost. Cantor is mainly responsible for the Republicans not agreeing to include revenue increases in the negotiations or the final deal. Cantor says the super-committee part of the deal which has to come up with savings, will only lead to incremental progress- considering the huge divide that separates their world view and that of President Obama. The real fight says Cantor is to prevent President Obama from getting re-elected....

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See the full text of the speech by president Biden on the "Battle for the Soul of the Nation" which was delivered at Independence Hall in Philadelphia on September 1, 2022. It is the place where the Declaration of Independence was debated and written by Thomas Jefferson and the founding fathers. See  the Lyrarc Gist for the speech given by president Abraham Lincoln in the same Hall on Feb. 22, 1861, on his way to the White House as the Civil War began. 2022 marks a turning point for the nation as it seeks to remain the beacon to the world that it was under Jefferson and Washington, and it was under Lincoln and Stanton.

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The first reading of the bill to stop no-deal Brexit clears the House of Commons in Britain with a vote of 329 to 300. This rebuffs prime minister Boris Johnson's plan to push Brexit through by stealth and at any cost by October 31. The bill will delay this to Jan. 2020, and set the stage for a no confidence motion in the minority government of Mr. Boris Johnson.

It now prepares Britain for general elections as early as October with Johnson hoping to unite theBrexit faction, but facing a possible backlash from Conservative moderates, and facing also the lack of support from UKIP Party's Nigel Farage. It is a very different Brexit campaign in very different circumstances than the one that was able to win in the last referendum. It also poses a challenge for Labour party to get its message across about living standards and economic opportunity for all, better than it has before.

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The mismanagement of the economy under president Macri is leading to an economic crisis in the country. By embracing economic orthodoxy and slashing subsidies for fuel, electricity and transportation Mr. Macri who won the election 3 years ago has cause the prices of these basic goods to skyrocket. This has hurt the middle class and poor in Argentina. For most of this century Argentina has pursued populist policies, and in the last five decades periods of free market principle based economics were followed by severe crises, and subsequent restoration of populist policies to improve the economic conditions that had deteriorated.  The peso lost half of its value in 2018, leading to a IMF bailout of $57 billion. Inflation is at 50%, unemployment above 9%. To stem the fall in the peso the central bank increased interest rates to 60% stifling the economy and business. Under his predecessor Christine Kirchner the peso's value suffered and its currency reserves were low after fall in soyabean prices, yet the currency had not suffered the kind of decline that it has seen under Mr. Macri. The cutting of subsidies and the economic crisis has increased the number of poor to about a third of the population. Argentina now faces another of the repeated cycles of going from a populist Peronist administration to a free market orthodoxy supporting government, followed by an economic crisis and a shift back to Peronist populist administration policies. Part of the problem is that Argentina, and Brazil, and most of Latin America is still dependent on commodity exports, and the economy dependent on commodity prices. The manufacturing sector has not taken off as it has in Asian countries. This has led to repeated crises in times when the currency reserves declined and affected the currency, also leading to bouts of severe inflation.   ...

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The coronavirus is changing the office that people were used to and changing how many days they spend in the office. Hybrid scheduling is a new term that means workers can combine say 2 days working from home with three days in the office.

This will be an acceptable way for companies to operate. Companies are finding out that it is not necessary for employees to spend all their time 8 to 5 in offices to be productive. In fact studies have shown even in offices the distractions of meetings and other distractions on the phone cuts into productivity, so that some time or days need to be set aside to work without such distractions. 

Internet companies and software companies in particular are finding that it is not necessary to have employees work from offices. Another change is that smaller satellite offices could open up in less expensive locations and the workforce becomes less centralized.

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Studies by research institutions in the UK show a mutant variant of the coronavirus now in Britain and spreading in the US is about 30% more lethal as well as more contagious.

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Efforts by banks to bring their operations in line with regulator requirements. The Citigroup bank much smaller than at the time of the financial crisis, with its "living will" approved by the U.S. Federal Reserve in April 2016.

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BBC's succinct appraisal of the Macron Regime in France- time run out for the Master of Clocks, of tactical moves to outwit his opponents instead of bringing together the French people for improving the lives of the people of France.

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How trying too hard can mess up your style is shown for bowler Mohammad Siraj. After the failure in the New Zealand series Siraj talks to his old bowling coach on the phone. Bharat Arun tells Siraj he is trying too hard and this is leading to errors. Go back to your original stye. He tells Siraj this will take discipline first concentrate on one wicket, try bowling yorkers to get the wrist behind the ball the original movement. It worked says Siraj in Perth and Canberra. The ball that went to Steve Smith that he edged into for a catch by Pant was one that was Siraj bowling a yorker. Bumrah said trust the process, wickets will come don't fret too much about it. And if you do come to me.