Response to Planet Forward Question:
On December 1st, 2010 at 12:31 pm Susanna, PF Web Maven Said: "This sounds interesting, but a little over my head. How would this idea change the way we think about or use energy?"
Planet Forward is a project of the Center for Innovative Media at the George Washington University - the post is from a Fuel 2000 and Beyond team member:
It is interesting to note the Cold Fusion Now post reflecting the history of energy evolution, contrasting the current "unnatural stagnant energy trend" that has continued for decades.
http://coldfusionnow.wordpress.com/2010/12/10/1976-edison-electric-institue-pamphlet
Entitled The Transitional Storm -Or The Changing Energy Epoch, the four-page pamphlet has a brief history of human energy use, describing how each energy epoch has transitioned from one type of fuel to another somewhat smoothly, meaning that historically, humanity has been able to discover new forms of power generation and fuel before the previous technologies fuel ran out
In other words, we found coal before all the trees were burned. We found oil before all the coal was burned. However, they go on to say, “Today it is different.” The fossil-fuel epoch and the next age are not completely interlocking. There is also is a large supply-demand gap, and we call this gap a “transitional storm”-you’ve heard it called an “Energy Crisis.”
Response to question on Planet Forward
As scientist Brian O’Leary says, ‘the first step is to let go of our fears and become aware of the magnificent things that are possible”.
There exist hundreds of proofs of concepts of new energy devices, ranging from energy from the vacuum (zero point), cold fusion, and special hydrogen and water technologies, all which connect to an easily understood mathematical framework using the Quantity C as the Radius of Curvature of All Natural Law.
Understanding the Radius of Curvature concept permits anyone to know without a doubt that the following applications have long since been possible with our advances in science and technology:
• Field dependent propulsion
• Fields & Application of Anti-gravity - polarization of gravity
• Special hydrogen and water technologies, field related – instant cheap hydrogen for fuel cells
• FTL -faster than light transportation
• "Movement"/"Transference" - from one point to another without going through all points in between
• Transmutation of elements (Periodic Table application from one element to the next))
Even contemporary physicists have proposed that there might be some coupling between electricity and gravity repulsion at very high energies(or as Hawking said, a possible antigravitational effect from a supercooling phenomena) and are now using the Hadron Collider in an attempt to discover that which the energy differential of the quantity C radius already reveals:
• The QC is both the energy differential of velocity of light, and the total energy content of any quantity of matter converted to energy
• In other words, if we take a gram (or any other quantity of matter: Newtonian mass) and convert that matter gradually into energy according to the formula E = MC2, and the resultant energy, as it appeared, were constantly applied to the remaining matter in such a way as to accelerate it uniformly in a given direction, when all the matter had been so converted we would find that we had zero Newtonian mass, infinite inertial mass and a resultant velocity equal to the quantity C, or approximately 3x10(10) centimeters per second (with respect to the given reference or starting point). The maximum velocity attained would always be the same regardless of the quantity of matter with which we started.
The radius of curvature of all natural law quantified the radius to the energy differential of the speed of light, shedding insight to many of the mis-interpretations of the Theory of Relativity, i.e. as in:
• nothing goes faster than the speed of light
• when an object travels faster and faster, its mass increases
• time slows, stops, goes backwards – correspondingly when approaching, at, exceeding VC
• As an object approaches the speed of light its mass becomes infinite
The obvious subsequent realization of such narrow, mis-interpreted errors swiftly correct to - the 'increasing mass' of the target is only the measure of the kinetic energy differential which exists between them http://fuel2000.net/
StarSteps excerpt: While we have repeatedly referred to the quantity C as an energy differential, we have heretofore considered it only in terms of kinetic energy. Some may believe that it can be reached only when there is a rate of increase or decrease in the degree of spatial separation between the reference points, equal to 3x10(10) centimeters per second, or in simpler terms, a velocity equal to that of light. It is necessary therefore to point out the fact that an energy differential does not necessarily manifest itself as a velocity. It can also exist as a frequency. Our present laws of physics state that the energy level upon which an electron, a photon, or other particle exists is proportionate to its frequency. The mathematical rule is E equals Fh, where E is the energy, F is the frequency and h is a factor called Planck's constant.
We can now see that a frequency differential which by the above formula is equal to 9x10(20) ergs per gram also represents the quantity C. When such a frequency differential exists between the observer and the point which he is observing, we again find that the natural laws at the observed point reach zero value with respect to the observer. If the frequency differential exceeds this value, the action of the laws will become negative. A material object such as a spacecraft upon or near the surface of the earth would cease to exist as matter and would enter the plane of energy insofar as the observer on earth was concerned, but as we have previously pointed out, an observer upon or within the object, whose frequency or energy level had been raised to the same degree as that of the craft, would be unable to detect any change.
Reference links:
• StarSteps Part one http://www.fuel2000.net/starsteps1.pdf
• StarSteps Part Two http://www.fuel2000.net/starsteps2.pdf
• StarSteps Part Three http://www.fuel2000.net/starsteps3.pdf
• http://www.fuel2000.net/
• http://freedomtimes.blogspot.com/
• http://evolution-intelligentdesign-survival.blogspot.com/
• http://evolution-intelligentdesign-survival.blogspot.com/2010/01/its-musical-universe.html
Aside from the cold fusion, zero point, sympathetic vibratory physics and StarSteps pdf links provided in the original post, those interested in further exploration where the QC radius of curvature sheds credible insight:
• Dr Brian O’Leary - The Sustainable Technology Solution Revolution: http://www.brianoleary.info/
• The New Energy Movement http://www.newenergymovement.org/
• Cal Physics Institute - Zero Point Energy http://www.calphysics.org/index.htm l
• Cold Fusion http://coldfusionnow.org/
• Dr Paul LaViolette (subquantum kinetics) http://etheric.com/LaVioletteBooks/Book-Secrets.html
• Shedding light on Walter Russell http://www.svpvril.com/musicuni.html
• Dr Thomas Valone http://www.integrityresearchinstitute.org/electrogravitics.html
• Heim’s Quantum Theory http://www.zpenergy.com/modules.php?name=News&file=article&sid=1680
• Vortex based mathematics (supporting sympathetic vibratory physics and Walter Russell) http://pesn.com/2010/10/23/9501714_Vortex_Based_Mathematics_at
_TEDx_Charolette_by_Randy_Powell
Those who read StarSteps (explained in layman’s terms) will find the impossible is indeed theoretically & technologically very possible.
The only question remains, what is hampering Universities’ R&D besides corporate funding directions?
*Forces shaping Freedom's Directional Currents - *Choices to change the direction we are heading *Current Obstacles & Challenges: outdated energy & educational base, caused by a prehistoric ill defined corporate/economic model totally deficient and lacking Scientific Evolutionary Survival Parameters necessary for Life's evolution, sustainability, and survival.
The Promise of New Energy Systems
A Look At Freedom's Currents
Each time a person stands up for an ideal, or acts to improve the lot of others. . .they send forth a ripple of hope, and crossing each other from a million different centers of energy and daring, those ripples build a current that can sweep down the mightiest walls of oppression and resistance." Robert F. Kennedy
21st Century's Priority One
1) Implementation of: The Promise of New Energy Systems & Beyond Oil
___________________________________________
#1 Disolves the Problem of the ill designed "Corporism: The Systemic Disease that Destroys Civilization." through simple scientific common sense
___________________________________________
_________
Using grade school physics of both Newtonian and Nuclear models, does anyone foresee counter currents of sufficient size to minimize/change direction of the huge Tsunami roaring down on us, taking away not only our Freedom, but our Lives? Regardless if our salaries are dependant on us not knowing the inconvenient truths of reality (global warming, corporate rule, stagnant energy science) portrayed by the rare articles in the news media? I know only one - a free science, our window to Reality - that easily resolves the Foundational Problem of Quantum Physics and takes E=MC2 out of Kindergarten
Sunday, December 12, 2010
The Quantity C is the Radius of Curvature of All Natural law - Planet Forward
Blog linked from Planet Forward: Planet Forward is a project of the Center for Innovative Media at the George Washington University - the post is from a Fuel 2000 and Beyond team member:
The Quantity C is the Radius of Curvature of All Natural law - Planet Forward
12:30 pm December 1st, 2010 1 Comment »
--------------------------------------------------------------------------------
The radius of curvature concept does not change any current math theories of physics, but ties them together for a far more comprehensible (gestalt/fractal)view, and subsequent application, of our micro/here&now/macro Realities
StarSteps Part one http://www.fuel2000.net/starsteps1.pdf
StarSteps Part Two http://www.fuel2000.net/starsteps2.pdf
StarSteps Part Three http://www.fuel2000.net/starsteps3.pdf
http://www.fuel2000.net/
http://freedomtimes.blogspot.com/
http://evolution-intelligentdesign-survival.blogspot.com/
Evolution and Sustainable Survival on Earth are synonymous – their known parameters of the boundless wonders our Universe presents to us through the lenses of a free science is a Right of Freedom everywhere.
Since the 1940′s, new energy technologies have been available through the actual testing of Einstein’s incomplete but testable portions of his 1928 Unified Field theory.
StarSteps further expands and clarifies Einstein’s Unified Field Theory with the concept of the Radius Of Curvature Of All Natural Law. This did not change any of our mathematics, but dramatically changed the Interpretations contemporary science gave to Space, Time, Mass, Matter, Energy and Gravity – changed these factors to utter simplicity with extra ordinary application capacities.
As has been repeated constantly in these blog posts:
•In short, the quantity C is the measure of the radius of curvature of natural law. It is the factor which will enable us to determine precisely the degree of change in the curvature of one law which will be brought about by a specified change in the application of the others. It is the factor which will eventually tell us how to place our transport vehicles in either the positive or negative portion of the gravitational curve with respect to the earth or any other planet which we may choose to visit.
•
When we state that the quantity C is the radius of the curvature of natural law, we mean simply that if a differential of energy equal to this quantity exists between the observer and the point which he is observing, the natural laws will be suspended. If the energy differential is in excess of the quantity C, the laws will appear to operate in reverse at that point.
While many may be apprehensive of the energy differential at the quantity C level (Einstein said the nuclear bomb was only a tiny fraction of the VC differential), electricity, the electrical nature of matter is always at that energy level, as the Theoretical explanation of the Biefeld-Brown Effect
suggests of the coupling between electricity and gravitation.
Review http://freedomtimes.blogspot.com/2010/01/its-musical-universe.html
Also, from StarSteps – The shape of the gravitational curve is modified not only by the mass present but also by the number and position of the electrical charges, referring not only to the charges in the outer shell of the atom but to those within as well, and especially to the fact, not always realized, that the neutron possesses both a positive and a negative charge, although when united within the neutron they are not discernible as charges, but exist as energy which produces the gravitational field. When a better understanding of the laws is acquired, we will be able to produce any shape of curve we desire within the variable and interdependent factors of space, time, mass, matter, energy, and gravity through the common denominator of vibration/frequency.
Further reading:
The Sustainable Technology Solution Revolution: A Universal Appeal by Brian O’Leary, Ph.D., http://www.brianoleary.info/
Categories: Science
Tags: field propulsion, radius of curvature, zero point
One Response to “The Quantity C is the Radius of Curvature of All Natural law”
On December 1st, 2010 at 12:31 pm Susanna, PF Web Maven Said:
This sounds interesting, but a little over my head. How would this idea change the way we think about or use energy?
12:30 pm December 1st, 2010 1 Comment »
--------------------------------------------------------------------------------
The radius of curvature concept does not change any current math theories of physics, but ties them together for a far more comprehensible (gestalt/fractal)view, and subsequent application, of our micro/here&now/macro Realities
StarSteps Part one http://www.fuel2000.net/starsteps1.pdf
StarSteps Part Two http://www.fuel2000.net/starsteps2.pdf
StarSteps Part Three http://www.fuel2000.net/starsteps3.pdf
http://www.fuel2000.net/
http://freedomtimes.blogspot.com/
http://evolution-intelligentdesign-survival.blogspot.com/
Evolution and Sustainable Survival on Earth are synonymous – their known parameters of the boundless wonders our Universe presents to us through the lenses of a free science is a Right of Freedom everywhere.
Since the 1940′s, new energy technologies have been available through the actual testing of Einstein’s incomplete but testable portions of his 1928 Unified Field theory.
StarSteps further expands and clarifies Einstein’s Unified Field Theory with the concept of the Radius Of Curvature Of All Natural Law. This did not change any of our mathematics, but dramatically changed the Interpretations contemporary science gave to Space, Time, Mass, Matter, Energy and Gravity – changed these factors to utter simplicity with extra ordinary application capacities.
As has been repeated constantly in these blog posts:
•In short, the quantity C is the measure of the radius of curvature of natural law. It is the factor which will enable us to determine precisely the degree of change in the curvature of one law which will be brought about by a specified change in the application of the others. It is the factor which will eventually tell us how to place our transport vehicles in either the positive or negative portion of the gravitational curve with respect to the earth or any other planet which we may choose to visit.
•
When we state that the quantity C is the radius of the curvature of natural law, we mean simply that if a differential of energy equal to this quantity exists between the observer and the point which he is observing, the natural laws will be suspended. If the energy differential is in excess of the quantity C, the laws will appear to operate in reverse at that point.
While many may be apprehensive of the energy differential at the quantity C level (Einstein said the nuclear bomb was only a tiny fraction of the VC differential), electricity, the electrical nature of matter is always at that energy level, as the Theoretical explanation of the Biefeld-Brown Effect
suggests of the coupling between electricity and gravitation.
Review http://freedomtimes.blogspot.com/2010/01/its-musical-universe.html
Also, from StarSteps – The shape of the gravitational curve is modified not only by the mass present but also by the number and position of the electrical charges, referring not only to the charges in the outer shell of the atom but to those within as well, and especially to the fact, not always realized, that the neutron possesses both a positive and a negative charge, although when united within the neutron they are not discernible as charges, but exist as energy which produces the gravitational field. When a better understanding of the laws is acquired, we will be able to produce any shape of curve we desire within the variable and interdependent factors of space, time, mass, matter, energy, and gravity through the common denominator of vibration/frequency.
Further reading:
The Sustainable Technology Solution Revolution: A Universal Appeal by Brian O’Leary, Ph.D., http://www.brianoleary.info/
Categories: Science
Tags: field propulsion, radius of curvature, zero point
One Response to “The Quantity C is the Radius of Curvature of All Natural law”
On December 1st, 2010 at 12:31 pm Susanna, PF Web Maven Said:
This sounds interesting, but a little over my head. How would this idea change the way we think about or use energy?
Sunday, December 05, 2010
Poll: Are you okay with having a separate set of rules for the privileged few? To live in a society that values fairness and justice, would you give up some comforts?
Climate Of Fear
Climate of Fear:
Is Slavery Coming Back With Big Brother as Ruler/King?
• Control the Sources for Food, Housing, Health
• Demand Political Correctness and Focus on Trivia
• Control Knowledge & Science (let the people think the epitome of scientific advances are oil, ladders to space, microwave ovens in space, etc., …..)
• Suppress the minority of scientists who say there exist hundreds of proofs of concepts of new energy devices, ranging from energy from the vacuum (zero point), cold fusion, and special hydrogen and water technologies, all which connect to an easily understood mathematical framework using the Quantity C as the Radius of Curvature of All Natural Law.
• Suppress the understanding that the following applications have long since been possible with our advances in science and technology:
• * Field dependent propulsion
• * Fields & Application of Anti-gravity - polarization of gravity
• * Special hydrogen and water technologies, field related – instant cheap hydrogen for fuel cells
• * FTL -faster than light transportation
• * "Movement"/"Transference" - from one point to another without going through all points in between
• * Transmutation of elements (Periodic Table application from one element to the next))
http://abcnews.go.com/Business/november-unemployment-rises-98/story?id=12297228
"Employers don't need to hire. They are getting more work out of fewer people, thanks to what Daniel Pedrotty, director of the AFL-CIO's Office of Investment, calls a climate of fear: "There are five applicants for every opening. You have to work harder or your job either will be done away with or outsourced.
In the third quarter, U.S. business earned profits at a rate of $1.659 trillion a year—the highest in history.
As for money-in-the-bank, the S&P 500's non- financial companies are presently sitting on $1 trillion in cash or cash-equivalents.
The last person who saved like that for a rainy day was Noah.
Somewhere between 15 and 27 million people, depending on how you figure it, remain unemployed."
Freedom Times questions: Productivity has risen at an exponential rate. Did slaves work this hard with continously diminishing returns in food and shelter (today's diminishing returns in salery, benefits, ever rising retirement age)?
November Unemployment Rises to 9.8 Percent
Corporate Profits Have Never Been Higher, But Hiring Only Returning Slowly
http://abcnews.go.com/Business/november-unemployment-rises-98/story?id=12297228
Non-farm payrolls rose by a disappointing 39,000 jobs in November as the unemployment rate edged up to 9.8 percent, the government said Friday.
November hiring rose by much less than the 150,000 jobs economists were expecting. The unemployment rate was forecast to hold steady from October's 9.6 percent, but instead it increased to 9.8 percent.
The report is more bad news about hiring at a time when big business is awash in gravy.
In the third quarter, U.S. business earned profits at a rate of $1.659 trillion a year—the highest in history, unadjusted for inflation. That's a sea change from the start of the great recession in 2008, when the bottom fell out of corporate profits and workers were pushed out the door at a record pace.
Walker Lewis, chairman and founder of Devon Value Advisors, which tells companies how to maximize their market value, says his own analysis of profits
(pre-tax operating return on operating capital) shows they have doubled from 15 percent to 30 percent over the last quarter century. "It's a chart with a steady progression," he says, and the direction is up.
As for money-in-the-bank, the S&P 500's non- financial companies are presently sitting on $1 trillion in cash or cash-equivalents. The last person
who saved like that for a rainy day was Noah.
But much to the chargrin of the unemployed and government policymakers, companies aren't lavishing their largess on labor.
Somewhere between 15 and 27 million people, depending on how you figure it, remain unemployed.
"Shameful," DeAnn McEwen, a member of the Council of Presidents of the California Nurses Association, calls the situation. Her members, after layoffs, are suffering: "There's just that much more work for those left behind."
Employers don't need to hire. They are aren't getting more work out of fewer people, thanks to what Daniel Pedrotty, director of the AFL-CIO's Office of
Investment, calls a climate of fear: "There are five applicants for every opening. You have to work harder or your job either will be done away with or
outsourced. Companies would just as soon open a factory in India as in Peoria."
Despite what he calls corporate "whining" about Washington's having an anti-business attitude, "There's never been a better time for the private sector. The Fed is keeping interest rates at record lows. Washington is telling federal employees to take a pay freeze, while doing nothing about Wall Street
pay."
While CEOs award themselves "outrageous bonuses," says Pedrotty, the little man is hurting.
"Half the people out of work have been unemployed for over six months. They're burned out. They're got the makings of a permanent under-class. We all know
where that leads. Our country is at a point where things are really going to get bad. But you'd never know it, to visit a corporate board room. They're
sitting on cash--holding our economy hostage."
Lewis sees things differently.
"It's no big mystery," says he, why business isn't hiring: For 20 years management has been investing in technology to improve productivity. And for the last ten years, CEOs have been frustrated not to be able to shed people.
A dialog like the following, he says, has gone on between CEOs and their managers: 'Why can't we take advantage of our improved productivity and take
more people out? Why can't we get rid, say, of Old Fred there?' The answer always was, 'We can't do that. Old Fred knows the customer. Old Fred holds the
team together.'
"There was an aversion to risk," says Lewis, so long as it was optional to let more workers go, employers hesitated. But then came 2008.
Getting rid of people became "a necessity." Lewis says the CEOs he knows told their managers, 'Ok, look. I don't give a damn. Yes, it's a risk. It may hurt to get
rid of Old Fred. But we have no choice.'"
The same CEOs, he says, were shocked to discover not only that "it didn't hurt so much to lose these people," but that later, as volume returned, companies
didn't need to bring them back. They found they could get along by using temps and by discontinuing products they knew to be unprofitable.
Rather than sitting on their money, Lewis asserts, the S&P 500 have been using it judiciously, in the following proportions, to accomplish the following
ends: reducing net debt (50 percent), share buybacks (10 percent), dividends (20 percent), and acquisitions (20 percent).
So when will this sea of corporate cash finally translate into hiring?
"My sense," says Lewis, "is that we're another six months away from CEOs' starting to hire. Once they see old demand come back, then they'll start worrying about new demand. They'll start bringing in new
people."
Happy day! And then, after that? "Productivity goes down."
Is Slavery Coming Back With Big Brother as Ruler/King?
• Control the Sources for Food, Housing, Health
• Demand Political Correctness and Focus on Trivia
• Control Knowledge & Science (let the people think the epitome of scientific advances are oil, ladders to space, microwave ovens in space, etc., …..)
• Suppress the minority of scientists who say there exist hundreds of proofs of concepts of new energy devices, ranging from energy from the vacuum (zero point), cold fusion, and special hydrogen and water technologies, all which connect to an easily understood mathematical framework using the Quantity C as the Radius of Curvature of All Natural Law.
• Suppress the understanding that the following applications have long since been possible with our advances in science and technology:
• * Field dependent propulsion
• * Fields & Application of Anti-gravity - polarization of gravity
• * Special hydrogen and water technologies, field related – instant cheap hydrogen for fuel cells
• * FTL -faster than light transportation
• * "Movement"/"Transference" - from one point to another without going through all points in between
• * Transmutation of elements (Periodic Table application from one element to the next))
http://abcnews.go.com/Business/november-unemployment-rises-98/story?id=12297228
"Employers don't need to hire. They are getting more work out of fewer people, thanks to what Daniel Pedrotty, director of the AFL-CIO's Office of Investment, calls a climate of fear: "There are five applicants for every opening. You have to work harder or your job either will be done away with or outsourced.
In the third quarter, U.S. business earned profits at a rate of $1.659 trillion a year—the highest in history.
As for money-in-the-bank, the S&P 500's non- financial companies are presently sitting on $1 trillion in cash or cash-equivalents.
The last person who saved like that for a rainy day was Noah.
Somewhere between 15 and 27 million people, depending on how you figure it, remain unemployed."
Freedom Times questions: Productivity has risen at an exponential rate. Did slaves work this hard with continously diminishing returns in food and shelter (today's diminishing returns in salery, benefits, ever rising retirement age)?
November Unemployment Rises to 9.8 Percent
Corporate Profits Have Never Been Higher, But Hiring Only Returning Slowly
http://abcnews.go.com/Business/november-unemployment-rises-98/story?id=12297228
Non-farm payrolls rose by a disappointing 39,000 jobs in November as the unemployment rate edged up to 9.8 percent, the government said Friday.
November hiring rose by much less than the 150,000 jobs economists were expecting. The unemployment rate was forecast to hold steady from October's 9.6 percent, but instead it increased to 9.8 percent.
The report is more bad news about hiring at a time when big business is awash in gravy.
In the third quarter, U.S. business earned profits at a rate of $1.659 trillion a year—the highest in history, unadjusted for inflation. That's a sea change from the start of the great recession in 2008, when the bottom fell out of corporate profits and workers were pushed out the door at a record pace.
Walker Lewis, chairman and founder of Devon Value Advisors, which tells companies how to maximize their market value, says his own analysis of profits
(pre-tax operating return on operating capital) shows they have doubled from 15 percent to 30 percent over the last quarter century. "It's a chart with a steady progression," he says, and the direction is up.
As for money-in-the-bank, the S&P 500's non- financial companies are presently sitting on $1 trillion in cash or cash-equivalents. The last person
who saved like that for a rainy day was Noah.
But much to the chargrin of the unemployed and government policymakers, companies aren't lavishing their largess on labor.
Somewhere between 15 and 27 million people, depending on how you figure it, remain unemployed.
"Shameful," DeAnn McEwen, a member of the Council of Presidents of the California Nurses Association, calls the situation. Her members, after layoffs, are suffering: "There's just that much more work for those left behind."
Employers don't need to hire. They are aren't getting more work out of fewer people, thanks to what Daniel Pedrotty, director of the AFL-CIO's Office of
Investment, calls a climate of fear: "There are five applicants for every opening. You have to work harder or your job either will be done away with or
outsourced. Companies would just as soon open a factory in India as in Peoria."
Despite what he calls corporate "whining" about Washington's having an anti-business attitude, "There's never been a better time for the private sector. The Fed is keeping interest rates at record lows. Washington is telling federal employees to take a pay freeze, while doing nothing about Wall Street
pay."
While CEOs award themselves "outrageous bonuses," says Pedrotty, the little man is hurting.
"Half the people out of work have been unemployed for over six months. They're burned out. They're got the makings of a permanent under-class. We all know
where that leads. Our country is at a point where things are really going to get bad. But you'd never know it, to visit a corporate board room. They're
sitting on cash--holding our economy hostage."
Lewis sees things differently.
"It's no big mystery," says he, why business isn't hiring: For 20 years management has been investing in technology to improve productivity. And for the last ten years, CEOs have been frustrated not to be able to shed people.
A dialog like the following, he says, has gone on between CEOs and their managers: 'Why can't we take advantage of our improved productivity and take
more people out? Why can't we get rid, say, of Old Fred there?' The answer always was, 'We can't do that. Old Fred knows the customer. Old Fred holds the
team together.'
"There was an aversion to risk," says Lewis, so long as it was optional to let more workers go, employers hesitated. But then came 2008.
Getting rid of people became "a necessity." Lewis says the CEOs he knows told their managers, 'Ok, look. I don't give a damn. Yes, it's a risk. It may hurt to get
rid of Old Fred. But we have no choice.'"
The same CEOs, he says, were shocked to discover not only that "it didn't hurt so much to lose these people," but that later, as volume returned, companies
didn't need to bring them back. They found they could get along by using temps and by discontinuing products they knew to be unprofitable.
Rather than sitting on their money, Lewis asserts, the S&P 500 have been using it judiciously, in the following proportions, to accomplish the following
ends: reducing net debt (50 percent), share buybacks (10 percent), dividends (20 percent), and acquisitions (20 percent).
So when will this sea of corporate cash finally translate into hiring?
"My sense," says Lewis, "is that we're another six months away from CEOs' starting to hire. Once they see old demand come back, then they'll start worrying about new demand. They'll start bringing in new
people."
Happy day! And then, after that? "Productivity goes down."
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