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Bill Frauenhofer the chips Czar in DJT administration, Commerce Secretary Luttnick and Intel CEO Tan, his Finance VP, all work together to put Intel back on top- shares quadrupled in price in 2026 . US gets Apple and Space X other companies to buy from Intel. Intel gets AI orders from Nvidia as CPU demand rises. The US has converted $5 billion in federal grants into stock for a 10% stake in Intel. This is state capitalism in many ways,  imitates China as it rapidly modernized, and this helped  China get a large foothold in chips and EV's.

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"I feel rather a lot of hope that if Andy Burnham does become prime minister, he will bring the human understanding with him that he will have acquired when studying English at Cambridge 35 years ago," says University of Cambridge chancellor Smith. "He may well be our first prime minister to have studied English at university, and that would be a very good thing." A good understanding of Chaucer and Shakespeare is a way to understand human nature, life's uncertainties, the English language from its origins and its development over a thousand years, understanding the history that went with the language, and the religious undertones of society from the days of the Tynsdale Bible, what moved people and how it turned out over many centuries. This is very useful for a British prime minister. The education just supplements all the positive aspects of the person, and helps him grow into a fuller person. This is why you have English majors leading to further education in other fields and in important contributions from science to space, physics to the law and business. It has just become hugely undervalued in the last 4 decades leading to some of the gaps we find in better grasp of economics, politics, physics, science, law, business, that have led to the Nation's relative decline since the 1980's. Hank Paulson, Treasury Secretary, Angelo Giamatti, Baseball Commissioner, Steven Spielberg, movie producer, Clarence Thomas at the US Supreme Court, Anne Mulcahy, CEO of Xerox, Mario Cuomo, governor of New York, and Harold Varmus Nobel prize winner in 1989 in medicine for his finding how genes origin in normal healthy cells that transform healthy cells into cancer cells, all had degrees in English. And many brought this passsion for language into other fields by adding degrees in law, medicine, science, other fields. How one can combine English with science is seen in the extraordinary example of the first American woman in space Sally Ride who had a degree in English alongside a degree in physics in 1973 and went on to get a PhD. in physics in 1978 from Stanford University. ...

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Biden makes a rousing speech to workers and worker families at the AFL CIO campaign rally in Philadelphia. He tells them when he thinks about global warming or renewable energy he is thinking of jobs for union workers, when he is thinking of chips and science he is thinking of jobs for workers and union workers, all in the USA. What trillions of dollars in investments mean is jobs for decent workers, working families in the US, jobs with respect for hard work and dignity. And trillions of dollars that come with deficit reduction because of the super wealthy paying their fair share just like everybody else, not 8%, less than schoolteachers pay, firefighters pay. "What this all means for you is a simple proposition. And I remember having this discussion with you, old buddy. When I think global warming I think jobs. Jobs, jobs, jobs. Good paying union jobs. Jobs you can raise a family on. Jobs you can't outsource (applause) that can't be outsourced." ...

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President Biden gives a rousing speech to the unions and the AFL-CIO, reminiscent of Lincoln's speeches as he debated Stephen Douglas in the struggle for the emancipation in the 1850's.

"Wall Street did'nt build this country, the middle class built this country. And the unions built the middle class. I'm not joking, without unions there would be no middle class. That's a fact."

Recalling the long lines for food during the pandemic-

"Ordinary people waiting in line for an hour for a box of food. And the policies in the past created more billionaires in the past than never before in our history." 

"Laying a strong foundation for the future of this country is more than having strong roads and bridges. It is about making sure, that here in America, folks who work hard can live their lives with dignity and respect."

 

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Some of the memorable parts of president Biden's speech at the AFL-CIO campaign rally today June 17 that will go with the best of FDR and Lincoln about what America stands for were: "This is America we can do any damn thing we put our minds to. And guess what? We are not going back to the false promises of trickle down economics.  We are going forward. We are going forward." "I really mean. this. I know I'm called a cockeyed optimist, but this is based on history. We're the most unique country in history. We are organized on one notion. Every other country is based on ethnicity, religion, geography. But the United States is based on an idea. The only country in the world based on an idea. Think about it." "Why are we doing it. Because we said, "We hold these truths to be self evident that all men are created equal" (applause)  "endowed by their Creator with some inalienable rights, and among these are life, liberty, and the pursuit of happiness." "We've never met the goal. But we've never- other than the Trump administration- tried to walk away from that goal. And it gets better every time we push." ...

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Patricia Cohen show here that the global economic system (globalization) was a project that benefitted one country: China. President Biden talks repeatedly about reversing these trends at an AFL-CIO campaign rally in Philadelphia- building infrastructure and infrastructure jobs here in the USA. Biden talked about investments, in trillions of dollars, in renewable energy, chips, science, airports, bridges, the I95 repair, that had all one common thread running through it- jobs in America, jobs for union workers and families. And the idea behind it of respect, respect for the dignity of hard work of workers in the US and union workers.

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The President tells the AFL-CIO representing 60 unions and 12.5 million American workers- 

"I truly believe this country is about to take off. I really believe it. We've got a fight on our hands. And my question to you is simple: Are you with me?"

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The Caryle great man theory painted on a corporate canvass is how Collingwood sees the American obsession with all powerful CEO's, with excessive pay packages, surrounded by all powerful top managers selected by them who also have excessive pay packages. The role of middle management, the importance of middle management and the role of younger entrants to the corporation who bring fresh ideas and thinking to revitalize the company is vastly understated and vastly under recognized. Its importance at  a time like this when fresh thinking is needed on a number of dimensions- vision, energy, fresh thinking, dynamism- is growing and a pressing need for corporations. Some corporations and industries would have benefitted vastly from these younger people into the upper ranks of management. Compare the way the new leadership at Fiat and GM, old Chrysler ran their companies and one sees this striking difference of younger managers taking on large responsibilities at Fiat and older management cliques at GM and Chrysler letting the companies suffocate as their adaptability to the new environments was poor. ...

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Victor Allis, CEO of software company Quintiq, in the Netherlands, describes his approach to managing in this exceptional interview with Adam Bryant of the NYT. He delves into personality when hiring, looking for aspects that show the person will take responsibility whatever hand he is given, and in the process be willing to tackle adversity. Respect for all people, no matter what their situation and work, is part of the culture he acquired from his dad, a plant manager at Fokker Aircraft. This extends to giving out 15% of profit to all employees, equally distributed so that the CEO receives the same as the receptionist. A math expert at a young age, Allis went into consulting and then starting a software company, instead of becoming a math professor. He has a 5 minute rule where he tells employees to look for help in the company, when they cannot figure out the solution to a problem after 5 minutes of thinking- the suggestions from outside could help or others can act as a sounding board. In selecting people for projects he looks for motivation as much or more than skills. Simple but powerful thoughts and practice expressed with astonishing clarity, coming from the Netherlands....

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Liz Goodwin and Riley Beggin report from Hillard Ohio where Amazon is building a large data center using land adjoining a school and a park for children. Parents are collecting signatures for a ban. About 70% of Americans are opposed to the data centers building in their local area, after an aggressive push with tax breaks and incentives provided by some states. Virginia, Georgia, Texas, and Ohio most aggressive data center builders in the US by 2026- construction jobs, and investment, as pros, electricity usage and use of farmland cons. Ohio's governor DeWine paused tax breaks after realizing that it cost the state $1 billion in lost revenue. Amazon says it has invested $70 billion in the state since 2016. Democrat politicians are not taking up the bans because of some unions supporting the data centers for jobs created in construction. Another reason is that politicians in general face attacks from the tech companies donating to campaigns against them if they call for a ban. Sherrod Brown Democrat in Ohio asks data centers to pay for their electricity but has not supported a ban-  “With data centers, we make sure the investors pay for electricity. Not the people who live in Zanesville or Coshocton or in Cambridge.” The big reason to support it from the jobs perspective is stated by the unions. Tim Burga of the AFL-CIO in Ohio says-  “These are creating good union jobs, both in the construction, but also in the keeping them secure and maintaining them."  Now you have a public frustrated particularly in quiet suburbs of America who see this as an intrusion into their lives, which means Republican and Democrat, Red State and Blue State, makes little difference. Construction workers and unions excited about the prospects for decent jobs after the Obama and Bush elites shipped 5 million jobs (Lighthizer USTR estimate) to China over 2000-2016, and transferred $20 trillion in American wealth to foreign countries by blindly accepting unfair trade with China, EU, Canada, Mexico. And see this as part of the MAGA effort to bring back the supply chains to America for all manufactured products in the interests of reliable supply, national security, and the promise of good paying jobs for the communities across America that depended on these jobs since the industrial revolution inthe US at the turn of the century in 1900. It took only 2 decades to wipe them out under what Lighthizer and Jamieson call "shortsighted leadership" of  Republican Bush and Democrat Obama and their corresponding elites. These communities were hit more than once, twice, thrice, four times in fact- in 2009 by the banker's aided and abetted financial crisis, by Bush starting and Obama continuing the Afghan Iraq wars on different pretexts (diverting trillions of dollars that otherwise go to job creation and manufacturing, new technologies), and then by Covid in 2019. This is the America in which the data center building spree is taking place- a plus if done right and with some carefully thought out plan for water/electricity usage costs and for AI guardrails, protection for farmland and areas near parks and schools, and residential suburbs.   ...

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With 121 medals the U.S. team did better than in any Olympics except 1984. Britain did extremely well, and the Australians were overestimated. China did not do as well as in the Beijing Olympics, which was expected. The British investment in training athletes has paid off since the London Olympics, getting 67 medals.

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Berkshire new CEO Greg Abel 2026, Berkshire 2026 stock positions- Apple $60 billion American Express $55 billion Bank of America $25 billion, Coca Cola $25 billion, Chevron $20 billion, Chubb $10 billion. In addition GEICO wholly owned by Berkshire generates about $42 billion yearly in cash from premiums which can be used to invest in companies. By pursuing an affluent demographic American Express gets operating profit margins of 16% and return on equity of about 30%.  Apple has about 27% in net profit margin and 151% in return on equity in 2025. Because of the high affluence demographic of these two companies it offers a strong base for performance for Berkshire. The insurance company GEICO and its reinsurance operations offer a steady stream of cash. This  is the base on which Berkshire has done well over the last two decades. The efficient markets hypothesis moderate form for investors says that publicy available information is reflected in stock prices to a great extent except for anomalies and behavioural aspects. When investors use a basket of 1000 stocks reflecting the economy as Vanguard core index funds, the anomalies and behavioural aspects are less prevalent or cancel each other out creating a strong form of the efficient markets hypothesis in practice for investing discipline. Benjamin Graham, the mentor for all investment leaders would accept this as a way of securing investment gains without the vagaries and uncertainty in selecting stock positions. In 2025 the Berkshire funds achieved 10% gains vs the S&P 500 index which gained 17%, proof that the average investor can do just as well as the so called sage of Omaha, Warren Buffett. ...

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Major changes have happened in CEO's in 2019-2021 for major American companies in aerospace, automobiles and information technology hardware. Patrick Gelsinger is new CEO of Intel Corp. With Gelsinger come $95 billion in new investments in the US manufacturing of chips. Dave Calhoun is new CEO of Boeing as it increases investments in US manufacturing capabilities. Jim Farley is new CEO of Ford Motor Company. With Farley come billions of dollars in new investments and a shift to electric cars and electric car technologies. All three companies had new Chief Financial Officers within months of new CEO';s assuming their new roles.

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About 30% of recent postings are for hybrid work at Boeing and it favors remote and hybrid work. It helps to reduce cost by trimming payrolls and cutting office space to return to cash flow and profitability. The leader of America's largest aerospace company Mr. Calhoun says headquarters is himself and CFO Mr. West. Calhoun is CEO of Boeing since 2020, and has run the company using remote work. He sees the company as distributed all over the US. Its headquarters shifted twice from Seattle to Chicago, and then to Virginia outside Washington D.C. He says about this that 70% of his day is virtual no matter where he is because he runs a large distributed company that Boeing is today. Many factories are in the Seattle area, suppliers in many locations. Calhoun has homes in the Hilton Head area, and near Lake Sunapee in New Hampshire. Boeing says it is a different approach to get employees to travel to many locations and engage people rather than be tied up at a corporate headquarters.  ...

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Automakers taking a charge for bets on EV's encouraged by Biden- Stellantis $26 billion follows Ford $19.5 billion, GM $6 billion.  Stellantis Chief Executive Antonio Filosa says about the write-downs- It “largely reflects the cost of overestimating the pace of the energy transition that distanced us from many car buyers’ real-world needs, means and desires.” The Biden administration took climate change seriously but failed to get Congressional support for the EV charging stations needed and infrastructure needed across the US to keep pace with automakers shift to EV's. Stellantis took the change as an opportunity to develop many new EV models under CEO Carlos Tavares. Also overlooked by the Biden administration is the cost of cars which increased by about 20-30% during the 2022-2024 period. The lack of charging infrastructure, lack of battery technology advances for powerful batteries, and the costs involved pushing up prices of all automobiles, acted as severe bottlenecks when the Republicans fought the election on cost of living action. Biden era incentives were removed and gas prices were brought down by DJT extending the life of gas powered vehicles and making them the average man's choice. Of the $26 billion 65% is for canceled vehicle platforms for EV's for Dodge Ram and Jeep Wrangler. Another $8 billion is for cash payments to suppliers for canceled orders.   ...

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Chase bank investments in strategic companies of the US with the US government in a Jamie Dimon effort October 2025. Chase Bank CEO Jamie Dimon says- “It has become painfully clear that the United States has allowed itself to become too reliant on unreliable sources of critical minerals, products and manufacturing—all of which are essential for our national security." 

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The AFL-CIO union's view of Governor Walker's action in Wisconsin to limit collective bargaining rights and reduce benefits of public sector workers.