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...Benevolent Manufacturing State achieved its full glory in the postwar period, a largely supply-driven era when Detroit could sell almost everything it made and could afford to give the United Auto Workers (UAW) most of what it wanted. From Linden, N.J., to Lorain, Ohio, to Long Beach, Calif., to be an autoworker was to have it made; to be an auto executive was to have made it. Detroit, says John Plant, the thoughtful CEO of partsmaker TRW, was about more than just industry: "It's the largest experiment of social re-engineering that any country has ever undertaken...
...Reducing capacity could also go a long way toward solving Detroit's revenue problem. Between Detroit and the transplants, there are around 17 million units of manufacturing capacity in the U.S. In 2007 vehicle sales hit 16 million, but about 2 million of those were driven by the combination of easy credit and discount pricing. In a normal economy, the true size of the business may be closer to 15 million units. The Detroit Three simply have to generate more revenue per car and, not incidentally, a profit. Right now, the revenue gap per car is $4,000 vs. Toyota...
...slick offices of Reykjavik Energy, Gudmundur Thoroddsson points out a World Bank study that lists electricity above corruption, crime and access to capital as the biggest obstacle to budding entrepreneurs in Africa. "It saddens me when I come to a place where you have a big oil-driven generator sitting on top of a geothermal field and you're paying three or four times the cost [for energy]," says Thoroddsson, the former CEO of Reykjavik Energy's investment...
...said another innovation has been separating the car and its battery. Currently, one full charge of the battery yields around 120 miles of driving, and the batteries can recharge whenever the car is parked. In the cars driven by Better Place users, batteries can be switched out for new ones in under three minutes, less time than it takes to pump gasoline...
Papal spokesman Father Federico Lombardi was forced to clarify that the Vatican continues to condemn the use of the death penalty for any crime, including those associated with homosexuality. Instead, Migliore said the Vatican's opposition to the U.N. proposal was driven by concern that countries that prohibit gay marriage would somehow be targeted. Said Migliore: "Countries that don't recognize the union between people of the same sex as marriage will be punished and pressured...