Not everybody has access to them. This is a story that looks at how these were relatively cheap. Huge amount of money. The speed with which you can get to and relieved that pressure, then bleeding on the brain is crucial to recovery. What this article talks about is how the injection of these metal to take the clock g out. Clog out. Paramedics will make a decision and about you and if it is a minor stroke, we will probably take them to a hospital. If you dont go to one of those special centers, if you will more likely get a drug. What that is showing is that if you can get there quickly, they are more effective. Even with the asian population, we see the baby boomer generation growing older. Well have enough of these centers to get this recovery treatment out as quickly as many people need. There is an interesting story here, a lot of americans dont really know the implications of this magazine, this publication in rants. About we will just call the doc. This is a fascinating story for two reasons. It has proven to have such a huge effect on this president ial election. It has been topsyturvy for people who are not following it. The scandals uncovered, the left making it a sudden surge. The other thing that is fascinating is the print publication which has about 25 million from the right publication. It dates back to 1915. It is very similar to private eye, that is the private u. K. Publication. This collection cycle in france, they are the first to uncover these scandals. They have really gone in and taken down power. Toy say that they are there serve me to the left or the right. They have proven that this cycle. Paul the f35 program. Or eights 10 years years, 1 trillion and still there is questions about it. This is an other in a great line of pieces that paul has done. This is one that has gone through so many iterations. Whether it is aft deck aircraft carriers, air force one, they recently read about it, so many people want different demands for what this product is. There are basically for Service Divisions in the u. S. , each of them wanted different capabilities. I couldnt believe that this plane, this version can land it can lander like a helicopter. Whether that is a hotspot in the indian ocean or something, the technical requirements and each level of Service Coming in and in many different rings to study price up so much along the contract and suck no one can make this decision. Yet to the point of what you designed to years ago not working in the kind of warfare we are saying now. There are economic implications and for all of, we talked to report a paul reporter paul. This is the single largest expenditure by the pentagon. Once you pull in the upkeep of the planes, out in the future we will approach and exceed a trillion dollars. A time there is that much money floating around, there will be attention on the program. President trump has been focusing on it. First down playing it and then and then insulting it. He said it is a fantastic fighter jet. We take a look at whether it is a fantastic fighter jet and discovered that it had some problems. Lets tell me about the costs and how long this has been going on. Lacks this contract began with a contract between boeing and lucky. They had the opportunity to build the f35. The idea behind the plane is that it was a three in one bargain. If there was one common plane that could between to be suitable for the air force, . With the minor changes exactly. The original plan was for more than 2400 of these planes to be billed for all three of the services to fly fighter jets. Almost inevitably, in the 2000s, as a plan that large with that much clay in it in terms of money it ran into problems. The degree of what the designers called commonality between the three variances of the planes turned out to be something approaching 25 as opposed to 70 or 80 . Plans went outle the window very quickly. Overrun their targets by billions of dollars and delays set in. Basically it was lets build one model that can between 43 different part of the military but then it made three different planes. That contributes to the changes for each plane. Where did that bring the total cost of two . Where is it right now in terms of what it was supposed to be . Thatiginal estimates were Development Acquisition would cost of july 2 billion. To 380gure is closer billion dollars. Youll have to factor in inflation and there. That is a 38 increase. The biggest cost and figure that the taxpayers should be paying attention to is how much it will cost to sustain the planes. That amount could easily exceed 600 billion over time. Next, who is really to blame for sluggish american car plants. This is Bloomberg Businessweek. Oliver in the companies and industries action, how consumer taste is affecting u. S. Car plants. It is always a supply and in the industry. It takes years to build the factories and then they try to produce hundreds of thousands of vehicles that are all the same. They have to project those years out. We are seeing that sales are past the peak and all of the decline has come from cars. Orsize cars like the camry honda accord, compact cars that are kind of large for compacts, civics and corollas and ford focuses. Those cars are not selling liquor have been for years and years, they have been displaced by suvs. It has the market out of whack. Likes i like the lead of your story, it is very direct. The ford fusion is down 37 . The chevy malibu is down 36 . Give us some perspective on those numbers, that is that sedan market . Those are mainstream family cars, the malibu infusion are both at midsized sedans. The previous is a little smaller but it has large interior. The handful of truly green motivated car buyers it provides a it is used as a family car. These are mainstream family sedans. Whether it is a honda crv or thata rav4 or the escape, smaller suv if you are donald trump or anking at the industry as analyst, what does it tell you when that demand shifts parent shifts . What does it mean for American Manufacturing which is the talking point of the Trump Administration . Coming from somewhere else . Re they americanmade . A softeninghis is or a plateau, we have had record sales in the United States, we had the unprecedented streak of sales growth. That is kind of over the top. Will it be a traditional cyclical contraction where sales will fall from 7. 5 million . Going to mumble along around 17 million for another three years or so . Industrypeople in the are feeling pretty confident that things will stay where they are on a volume basis, even some of those profits. About how much tougher the competition is getting. Maybe the volume stays high which is good for workers. The profitability shrinks. The supply side of the equation, how does that factor into this in terms of whether it is back . Are they sat on the supply side right now . Because we can see the sales have stopped growing, it will not continue to go up 20 million. Year people are putting brakes on manufacturing plants. A lot of them that have been announced and planned are going forward. They are executing what they announced. Staying in the company section, h and m made a name for itself in teen faction. Fashion. Is the secondbiggest retailer by sale. The only bigger would be in the tax. Indie they have been able to fairly quickly copy runway trends and sell them in their stores in cheaper versions. They also have been known as a valued retailer with very low price points where a lot of young consumers go to shop. There is one right below our building. You can grab a quick sure if you are in need. Findhas been the market, what is popular, make it accessible and in particular make it accessible to mostly younger people. As you pointed out in your story, that is changing right now. The re working on. Eveloping these expensive brands are attracting purchasing power. The value space has a lot of competition and it. H m, this talk about new story, the products that we move into, this will be under a new branch. This will be a different company, tell us how it breaks down in an organizational structure . Most people will be able to tell that the secondary brands are a part of h m. This new one is certainly not either. Is going to have a higher price positioning, clothes for men, women, children. You also will have some iconic products like pepper grinders and shoe brands. The sheet of paper and swedish does stay to the essential nature of those clothes. One thing we heard about retail is that they are thought of being as luxury or highbred. I think what we are seeing is that premium niche gland as well as lifestyle brands. Brands that offer instead of just the trend, instead, a total package for a certain aesthetic. Everything that somebody who is interested in the outdoors needs. That is maybe the target of this new concept. That is the space where i think youll have a lot more power to create something new. Up next, how to hack your way out of a fulltime job. We will take a look at the companys next. Oliver welcome back to Bloomberg Businessweek. In the technology section, some of the countrys top coders have found a way to avoid the nine to five. A hackathon means to put something together out of something new. From 2448 hours. Not all hacking is bad. Are engineers that are building projects and they are doing it as part of a tournament. Tell us when these where these events begin. Anyplace with a large area, an auditorium, any type of conference hall, anyplace with fast wifi and bathrooms are fair game. A steady supply of doritos and red bulls. This has officially become sort of a replacement for fulltime jobs. Tell us about the crux of the story. How are these guys making money . For some people, i would say that it is super widespread, there have been a dozen or more people that have an able to hack together a fulltime living out of this. Supplementing their startup dreams or contract work. Typically, what will happen is they will go online or tell some friends that a hackathon is occurring. Toed on how close it is them, whether they pay for airfare or not, they will get together with a team and bring sleeping bags and usually not their toothbrushes but dell laptops and their phones and a ton of power cords and show up and start hacking for bragging rights. Point, some of these privates can get pretty big. Are we talking to students that are currently enrolled . Engineers that have graduated . This is that fulltime gig . Who are the participants for the group that you were watching . Iwatch both. There are academic hackathons. They go bit like varsity sports for programmers if you will. At think there were hot 170 of them scheduled for 2017. That happens at universities all around the United States, even the world. There was more in addition to that. That is the academic type and typically those are more for bragging rights and also to look appealing to recruiters. Ibm, theh Companies Like all go to these hackathons to keep their eyes on the next up and rising talent. That is the academic type. There is another type where really large prizes are at stake. There was a 1 million first prize for one back in 2013. They discontinued that because they didnt get what they wanted competition. T one, aix prize. Also in the technology section, taser wants to take its change its name. And what it is known for. Everybody knows taser. Known for the stun gun. Dont tase me bro. That is right. They finally hit their stride with police body cameras. Typically since the shootings in ferguson and other places around the country that have been making so much more public demand for police body cameras. The department of justice but money behind it. Taser has this division that makes police body cameras. All of the associated Cloud Computing that is needed to manage all of the digital footage that people have. Basically, that has been the fastestgrowing part of the company and they see it as a way to expand. Officially changed their name from taser to axon. They really see the future of the company they say they are still committed to the taser weapon but they see a lot of in therowth potential body cameras. All of this Digital Management of evidence and this digital life of a police officer. I feel like there are very few instances of a Company Whose name is directly related to the product, it is a fairly ubiquitous idea the taser. That is what they were known for. What is it along the way that they had to change . Was it an opportunity . Started talking about police body cameras, what was the impetus for the change . Interestingly, dont tase me bro is how they got into the line anyways. They were facing a lot of lawsuits and a lot of public scrutiny for injuries and in some cases death after people were tased. They were taking a lot of scrutiny brought regardless. Developed a taser cam. It popped onto the taser gun itself and the gun was activated. What happened was it was capturing the moment only when they were tased. It was essentially a highlight reel of people getting tased. That is not what they were looking for. They wanted to capture what led up to an incident before, during and after it. They started the developing a standalone body camera. The first one was super clunky, it had three big components to it. It took a while to get what is now the ax online. Try to protect themselves and their customers from lawsuit is what got them into the body camera line. They finally got the product in good shape right when ferguson happened and all of this greater scrutiny on policing that exploded. It was good timing for them. Up next, the state of North Carolina says no thanks to money managers. 3 00 a. M. Struggles in the highstakes market of ankle bracelets. This is Bloomberg Businessweek. Welcome back to Bloomberg Businessweek. I am oliver renick. Finally, we will piece together the senates again she into potential ties with the white house and russia. That is all ahead on Bloomberg Businessweek. Oliver were back with Bloomberg Businessweek editor in chief megan murphy. Section,to the market this goes with the topic you have been exploring for a while. This was about one trey burke who is taking a more passive approach to the pension fund. Megan he is taking an active approach to making his management passive in the state. We have some great images of the treasurer of North Carolina. His view is that we are being ripped off. We pay for active management fund. We want to take that down. We want to shift our management to passive management. Talked a lot about this, this is not a shift that is new, we have Warren Buffett being one of the public champions of the shift. Seeing a shift this way. This is a microcosm of a larger shift being felt throughout the management industry. There are some longterm contracts that have locked them in. They are arguing that they are our most favorite nation. This is a bad move. Something that longterm contracts make it difficult to unwind. We do think that when we look at the trend, we see the markets doing what they are doing, that is to continue to be on a pretty good tear. People are wondering if we will see the end of this. This debate over what we are actually paying for, this is it is the huge funds that we all know about. Macro,lways talk about a topdown conversation. Very intricate look at what it means to actually make the switch. I think we will surprise a lot of people, the industry for ankle bracelets. This is the company we all know for scotch tape. This is the company that actually pioneered breakthrough things. One of the martyrs they moved it into, this is the middle part of this decade, it was security monitoring, ankle bracelets. People out on parole, suspected of a crime, they are wearing it. This is a growing market has they try to move the population. The issue is that the technology they were using simply did not sink up, particularly in the state of massachusetts where they had a large contract for these ankle bracelets. It came down to something very pedestrian. The is the q g model of bracelets. It was not compatible with some providers and also the 3g system. It would not be registered on the network. When they were not, alerts would be sent out to Law Enforcement that they were in violation of their parole or many times Law Enforcement would be so inundated with these alerts that it led to more confusion and arrest warrants. Some people are being put behind bars because of this technology. We caught up with a report on this. Lacks this is a multiinternational company. They actually make several Industrial Products in all kinds of industries from oil and gas, mining, medical devices one of the industries they got into was the safety and security business. Involved in the electronic monitoring device business. This is the ankle monitors that monitor prisoners, parolees, people on probation, that type of thing. As it turns out, maybe they are not as good at taking and maintaining ankle bracelets as they are posted notes. Jokes aside, this is a serious consequence attached to this. I think it has been an uphill battle for them. This is definitely a business that is a little bit too far from their core competency. It has been a bit of a struggle, the technology has evolved. They didnt adopt the newest at the quickest pace. That put them in a couple of difficult situations. It is a billion dollar business for all of them involved. Take us back to clinton, massachusetts where they were overwhelmed by problems with these bracelets. It was staggering. Paroleto people out on alerts going off when they shouldnt have an being put back in prison. This was the pinnacle of the problem they experienced. Right after they acquired the business, the technology they an Older Technology that was designed and only compatible on certain Cellular Networks. The way the device works was collect satellite signals for gps. It stores the data on the device and sends it to the monitoring center. In this case it was clinton massachusetts. Call toplacing a phone see the advice of the authorities monitoring the offenders. It was only compatible with the at t network and the tmobile network. The problem was that there were rapid upgrades. They were upgrading to 3g. At the time, the 3m product was only two g. The product was not compatible with verizon which was rapidly becoming one of the largest, if not the Largest Service provider in massachusetts. Were wearing the echo monitors and were not able to connect over the Cellular Network oftentimes. To obtainere not able a gps satellite signal. When that would happen, it would generate an alert. The alerts were not necessarily due to the fact that the extender was doing something wrong. They were violating the terms of parole or trying to mask the Cellular Network. What happened was as the center and the state of massachusetts were trying to figure out how to handle this, a lot of people ended up being arrested. They would issue arrest warrants. The authorities could not figure glitchit was a technical the offender actively trying to do something that required them to be in violation of their parole. There has to be some legal investigation happening here. I know that you mentioned some of the lawyers representing offenders who have been subject to either a return to jail or parole violation because of this technical glitch. What is happening on the legal battle right now . It is on a casebycase basis. Keep in mind to the audience is. A lot of the people, they are criminals. Savory bunch of people. A lot of them have committed serious crimes, including murder, sex offenses, they are not the most sympathetic crowd. They often dont have the resources to both follow through on these types of things. There are several people who have looks into lawsuits or who. Ave challenged the accuracy there havent been a lot of victories. I think it is too soon to say how this will involve. Defensee criminal attorneys who have had dozens of these cases. Primarily they just try to get them off, rather than saying we will challenge the accuracy of the device, what we have been doing up to this point is trying to challenge the accuracy of the device and saying that my guy doesnt deserve to be in violation of parole. I think that is where it is at at this point. Up next, a investigation into the donald Trump Administrations ties with russia. Bloomberg. Oliver welcome back to Bloomberg Businessweek, i am oliver renick. The investigation into rush upon interference in the u. S. Election here is the report. The Obama Administration concluded that yes, russia did attempt to interfere with our election and it did so to benefit president trump. We have to congressional investigations. Fbi itjob of the is the job of these investigators to answer the question whether there is any evidence that suggests Trump Associates had anything to do with any knowledge of these facts laid out by the intelligence community. Russia willfully interfered with our election. The real dynamite will be whether we find any evidence that ties this back to the president. There are a lot of questions that exist beneath that about whether it was the campaign for the administration they had any knowledge of or any dealings with these russian hacks. I think part of the general is these parallel investigations that are happening. What do we know about the difference between the two . Congressional investigations. They have a lot of authority to bring people into a public hearing. We have the house and the senate. They have devolved into something that has lost a lot of credibility. It seems they have been trying to pull this investigation into the realm of looking at the allegations that president Obama Wiretapped him. He is trying to pull that into this. It is unusual for the head of the committee to go to the white house. And mrs. Al qaeda questions about who he is serving. Elected by his constituents or serving the executives . The to chairman there, democratic cochair is mark warner. They thought this would wrap up by summer or so. This is going to take months and months. We will not have any sort of report before the end of the year. Is theirnteresting ability to access this raw intelligence that exist inside the cia. It is very limited. Every day, the senate investigators, they have seven staffers that work for this committee. Every day, they go into the cia to go to a secure room and go through binders. Isory thick binders of what probably some of the most secret information that exists inside the countrys intelligence committee. They can bring no Electronic Devices into this room. They are literally going through hard documents. Reading them takes months and months. They are negotiating with the cia. That is the level of lowtech analysis that the senate is having to rely on this. Wax that is cool because you guys have a story here. They have talked about the details. What are they looking for . How do they know when they find it . These are questions that i will think i have answers to. They are looking for any evidence that suggests theyre trying to wrap their heads around what the intelligence says. Some of this is raw intelligence. Some of it is analysis. They are trying to get their heads around the totality of it. What they are also looking for in a lowtech way is these incidental names that are popping up. They are people who are associated with trump who happen to be on the phone with targets of the surveillance which typically were russian agents. Up next, the sometimes gray area between lender and load chart. Some big ideas for cameras, this is Bloomberg Businessweek. Welcome back to Bloomberg Businessweek, i am oliver renick. And 1200 and us on boston and a. M. 960 in the bay area. Also, in london. In asia on the Bloomberg Radio plus at. Peter mccoy will review the new book about lunch arcing. Looks at it in the United States from shortly after the civil war through the depression. He calls this the birth of predatory lending. This. Theng us from industrialization of america to the great depression. To what degree does that get mixed in with the capacity for risktaking . Youre going to want to hire once a higher Interest Rate. I dont think he quite nails it. Maybe because i read about economics i tend to look at supply and demand as the key determinants of any price. And interest raised Interest Rate is a price point of money. But what is causing the rates to be this high on loans . And a supplymand from the lenders who may or may not have enough money to supply. Why would rates behind . There is not enough money around, that is not really the case. The other is that the person who is borrowing is a risky prospect. Or, it may be impaired in some way. Maybe they are an alcoholic, that was a huge problem. The link between loansharking and alcoholism. Immigrant to this country doesnt speak the language and doesnt know what the teams terms mean. How to the birth of predatory lending come about . When the americans most west, the sellers preceded the banks. Bankswere no organized outside west of ohio. People got money wherever they could and loan sharks sprang up to supply loans. Where conventional banks wouldnt lend or had not yet gotten to. That begs the question, you have lenders and sharks. There is a gray area somewhere in between. At whatook, how the css point you become a shark . One problem that abetted the the ceiling on spending rates. It could only be six or 7 . They had a fairly high inflation rate. This is nothing for a small loan. Enough for the standard lenders to make any money so they left the field open. The loan sharks were the only ones that were able to supply any money in those cases. One of the innovations came around in 1907. The Russell Sage Foundation still existed today. Shortly after that they came up with a uniform small lending law that tried to do with that. They tried to say we wont abolish these laws that you have on the books. Give the waiver in certain cases that would allow the way to go up as high as 40 . That is pretty high but it was conventionalt established ones were able to supply the market and a shout the loan sharks that were charged a lot. Designerthe superstar who was inspired by smartphones when he designed the l 16 camera. We are talking about this company ly te. Theyre trying to revolutionize the way we think about sophisticated camera technology. Most of us use our phones. They did was they figured out how to take the dsl are and put it into more of a smart phone or smart tablet format. There are some very interesting people involved in this. I think the concept is interesting. What happened was we took photos, point and shoots, the advent of the smartphone, especially the iphone came along. Is this about the pendulum . I was kind of swinging back to the middle somewhere. Theythink that is the way are hoping people are interpreting this. If you think about our ability to share digital imagery, there are 1. 3 trillion digital images. Most of the images are pretty bad. If you careut about photography, the idea is we could do better. The problem is the packaging. The dsl are camera you have shoulder,t over your you need additional lenses and you better have a bag. What they are trying to figure out is how to eliminate all of that stuff. I remember when we were talking about building and using iphones, these guys, lets talk about who they are, who is in charge of this company and it is a very interesting breakdown between engineering and design. They found that guys in their 50s, photo enthusiasts, they came up with the idea. They said we have this great idea, how are we going to make this thing into a product that people want to buy . Kind of a big question. They recruited a guy named fred. He as an in is an and industrial designer. He has worked on a lot of other projects. They found the sky and said here is the box of parts. Here is an idea, figure out how to package it. If you are in the industry, he is very much the person for the product. He designed gopro cameras, mp3 he has a small team working in Silicon Valley. Bloomberg businessweek is bloomberg. Com. Bloomberg television starts right now. Caroline i am caroline hyde. This is the best of Bloomberg Technology where we bring you all our top interviews from this week in tech. President trump met with c. E. O. s on his infrastructure plan. But Silicon Valley execs were absent. How tech could be playing a bigger role. About itsiba warns future on the heels of a highly anticipated earnings announcement. We will discuss whether the company can recover. 23 and me clears a major regulatory hurdle