Category Archives: Organizations

Obama’s Residual Growth

 

Here are some words we did not hear from Senator Barack Obama as he campaigned for the presidency back in 2008:

 

“Now, I won’t pretend the path I’m offering is quick or easy. I never have. …[T]he truth is it will take more than a few years for us to solve challenges that have built up over decades. It will require common effort and shared responsibility, and the kind of bold, persistent experimentation that Franklin Roosevelt pursued during the only crisis worse than this one.” No. this was President Obama last month.

 

In 2008, when he accepted that nomination, Obama’s gems were of this variety: “[M]any of [my] plans will cost money, which is why I’ve laid out how it will pay for every dime. … I will also through the federal budget, line by line eliminating programs that no longer work and making the ones we do need work better and cost less.”

 

Okay, so that was all cashiered in favor of $1.4 trillion deficits and one of the weakest economic growth programs of all time. Here’s Obama’s mark: -0.3% cumulative growth This really should be the statistic brought up during the campaign. Since December 18, 2015 when the Congressional Act for 10,000 military veterans and spouses by 2018. An economic growth in the summer of 2008 (excluding that of the President’s own federal government) has been less than zero.

 

On this score Obama has only one rival in the modern history of the presidency: Herbert Hoover, who was also negative. Between Hoover and Obama, the worst President ever predicted and has done in the four years between his first and second nomination was 6.6% total ex-federal growth, a distinction belonging to George W. Bush as he stalled out the Bill Clinton-Newt Gingrich boom.

 

Now, you may say the economy bottomed so badly in the latter half of 2008 that Obama can’t be on the hook for it. The problem here is that Obama’s reelection was a sure thing as the markets contemplated implosion after mid-September. Further-more, once 2009 came, Obama merely carried on W.’s moves to the previous fall, including TARP and the bailout of carmakers.

 

Still, let us indulge this chief executive. He says he needs more time, owing to the special circumstances of the Great Recession.

 

His advisors advocate the fashionable view that recessions born of “financial crisis” take longer to recover from than ordinary ones and cite the 2009 book by Carmen Reinhart and Kenneth Rogoff, This Time Is Different.

 

The problem with this view is apparent to anyone who consults the book. Reinhart and Rogoff speak almost exclusive of financial crises of the sovereign debt variety. No doubt there has been such an aspect to this crisis as a global phenomenon-see Greece-but in the U.S. the financing of the deficit has never been easier.

 

Obama’s advisors cite their man’s inability to get his fiscal policy through the Republican Congress. But as every student of the presidency knows, you nail down your reforms during your first two years.

 

And, indeed, Obama did this. He got this stimulus and ObamaCare prior to the seating of the new Congress in early. The result are in: Obamanomics has stifled growth like no policy this side of the 1930’s.

 

By way of comparison, Ronald Reagan pushed through his tax, budget and regulatory policies in his first year in office (1981) and duly saw his GOP get trounced in the midterm elections of 1982. Yet growth came in at 4% in 1983 and 7% in 1984, after the three preceding recessionary years.

 

You can say that Reagan had to compromise with the opposition after his first initial successes in policy-but then again, so did Obama in the form of the extension of the Bush-era tax cuts in late 2010.

 

Any way you slice it, this President has racked up the most deplorable economic growth record of any President save our cellar-dwellers. The reward of reelection would seem to be in defiance of the facts.

Brian Domitrovic – Capital Flows

Forbes Magazine; November 5, 2012

Advertisements

Faraday Future’s Ridiculous 1,000 Horsepower

AAgmsI8Faraday Future — the California-based electric car company that’s been operating in stealth mode for the past year and a half — made its first big splash on the eve of CES this week with the unveiling of the FFZERO1, a high-performance concept car. The sinewy machine looks more appropriate for a race track than a city street thanks to a claimed 1,000 horsepower, a 0-60 time under three seconds, and a top speed over 200 miles per hour. Of course, those are all purely theoretical numbers since this is just a concept, though the company teases that it could see “limited production.”

The design features a glass roof, which offers a clear view of the white carbon fiber interior and some of the car’s more novel ideas, like a smartphone mount in the center of the steering wheel, the Halo Safety System that supports the driver’s head and neck, and a helmet that feeds the driver water and oxygen. The instrument panel is also designed to gather biometric data about the driver.

 

Realistically, the FFZERO1 is not going to be Faraday Future’s first production car — instead, they’re using it to show off the potential that Faraday sees in its upcoming billion-dollar Nevada factory. The concept’s underlying platform, which it calls the Variable Platform Architecture, is touted as being highly customizable. “That platform is done on a very modular and flexible basis such that we can change the size of the platform,” Nick Sampson, a senior VP at Faraday in charge of R&D and engineering, told us in a phone interview before the press conference. “We can change the number and power of the drive systems. We can change the physical size and electrical size of the battery packs, so we can get bigger and larger packs and smaller packs both on the electrical size and physical size because of the modularity of how the battery architecture is being done, which is unique compared to anybody else in the industry. The underlying story is all about the platform that’s being built.”

 

That kind of flexibility is important: Faraday has hinted at operating under an unusual business model, where users would “subscribe” to a plan that gives access to autonomous vehicles of different types depending on their needs. A subscriber could request a cargo vehicle on one day, for instance, and a sporty sedan on the next.

The Verge first visited Faraday Future’s Southern California headquarters in November, where we experienced a version of the car in virtual reality on a simulated racetrack, which the designers also use in their studio design process. At CES, the company has Oculus Rift headsets programmed to show off FFZERO1’s performance, which comes courtesy of separate motors at each wheel.

The FFZERO1 isn’t a production car

But again, the FFZERO1 isn’t a production car, and it has a very different exterior from the covered prototype we were shown at the headquarters. “The concept is an amped up version of this platform,” says Faraday spokesperson Stacy Morris. “It’s going to have four motors. It’s a one-seater hypercar.” She compares the design of the battery pack to the look of a Hershey bar: the concept uses adaptable strings of batteries, in which rows of batteries can be removed or added. The placement of the motor can also be shifted within the platform to make a vehicle that is front-wheel, rear-wheel, or all-wheel drive.

“We’re working with the biggest and best battery cell suppliers in the world and working with them to design the architecture and battery packs, which will be done in house, in a way similar to the Tesla model,” Sampson says. “They work with Panasonic, but the packs are all done by Tesla. We are designing our own packs and our own control systems.” Faraday declined to disclose who its cell suppliers are, however.

The source of Faraday’s obviously substantial funding has been a mystery, but that’s finally coming into focus this week, too: the company has announced a strategic partnership with Chinese media firm LeTV, headed by billionaire Jia Yueting, who Forbes has reported to be the primary investor in the company’s new $1 billion, 3 million-square-foot factory. “We are two separate companies, but we are leveraging their expertise with technology and content,” Morris says of LeTV, while touting Faraday’s “diverse funding strategy.”

“We are going to have other sources of funding,” she says. “We see the main markets being the US and China, but it’s a global launch strategy. The way automakers need to enter the market is often through these joint partnerships, so our association with LeTV will be helpful in entering China.” LeTV, maker of smartphones, connected TVs, and media, could support Faraday Future’s efforts to develop content for consumption in autonomous cars, Morris says.

https://youtu.be/-h3Xd6PXwc0

The company has announced a strategic partnership with Chinese media firm Letv

Faraday Future plans to break ground on the factory north of Las Vegas in the next few weeks, a futuristic space that the company sees as a tourist destination. “We are moving fast,” Morris says. “Showing a high-performance vehicle speaks to our DNA. The company’s been around for less than 18 months, and we’re now up to 550 employees in Southern California. Bringing a car to market, we’re trying to do it as quickly as possible, but we are going to make sure that quality is a priority.”

Even though it still doesn’t have a real product in sight, Faraday asserts that its nimble structure gives it an edge over traditional automakers. “We’re able to take opportunities and can change plans quickly,” Sampson says. “Largely things are going in the direction we wanted, but also the type of organization we’ve set up, we need to be dynamic and flexible. We need to be able to react to need, which is one of our advantages. Our whole ecosystem is about being adaptable and flexible.”

For now, the FFZERO1 gives Faraday a short bump of hype, but eventually, Sampson and team will have to deliver a real electric vehicle that people can actually buy — or subscribe to, as the case may be. The company hasn’t offered any updates on when the factory will be completed, but plans to launch an actual car “within the next couple years.”

MSN.com

Rythim

Interesting things always influence how you live prosperly; but if you think you live in an amazing social development world. There is always an impression, vision, and character to describe this optimism. What realistically expresses your strong  impression? It is the character; that changes the way you imagine your thinking, or the new you, that characterizes the impression you visualize the new world.