This is a so this is a thisat looks sad isnt a huge amount of money. , theyou have a stroke speed of which they can get to and alleviate that pressure, that bleeding on the brain is crucial to recovery. What this article talks about is the injection of these metals that are used to take the clock out. 116 strokesly about and stroke specific tears in the u. S. Are usually the First Responders and will make a decision and evaluate someone if it is a minor stroke. If you dont go to one of the Specialist Centers you are more likely to get a drug. What is showing is if you can get there quickly they are more effective and do lead to better recovery. Even with the baby boomer weeration growing older, arent able to get this stent recovery and treatment out. Lets go to the Global Economic section. A lot of americans dont really know the implications of this magazine and all those elections. We will just call it the dock. It is a fascinating story for two reasons. Huges proven to be such a effect in this president ial favorites moving down and public scandals the left making a sudden surge. The other thing that is fascinating for our industry is it makes about 25 million from a print publication. It has a long tradition. Essentially a private eye, which is a u. K. Private u. K. Publication. This election cycle in france, they are the ones who first uncovered fillon paying his wife and a job leader at the polling of the time. They say they are there to serve me neither on the left nor the right. Lets talk about a story in features. Years, 1 eight trillion. This is the latest in a long line of pieces. This has gone through so many iterations. Whether dr whether they are at they are aircraft carriers or air force we forget there are basically four service stations in the u. S. Each of them wanted different capabilities. I couldnt believe it when i aad that this can land like hairy year hovercraft. The technical requirements and each level of Service Coming in drives the price up so much and no one can make this decision where what you designed seven years ago doesnt work in what were seeing now. Oliver there are a lot of cool details on the tech with economic implications. We spoke with reporter paul barrett. The f35 is perpetually in focus because it is the single largest procurement ride the pentagon ever. Once you fold in the upkeep of the plane in the future, it will approach and exceed 1 trillion. There is going to be attention to the program and we took a look at it again. President trump has been focusing on it. First down playing it and insulting it. Declaring that now that he is involved it is a fantastic fighter jet. We discovered it has some performance problems. Cliques tell me about his problems and the cost and how long this has been going on. Withis contract began boeing and lockheed. The idea is a sort of three and one bargain. One plane fits all with some minor changes. That is the way the pentagon was going to be about to afford a massive replacement of cold war era planes. The original plan was for 2100 of these planes to be built for all three of the services. Almost inevitably, a plan that large with that much play in it ran into problems, the degree of which designers call commonality among the three variants of the planes turned out to be something approaching 25 as opposed to 70 or 80 . Costs began to overrun their targets by the billions of dollars and delays mounting to seven years. Model thatuild one can be tweet for different parts of the military, but men but it ended up making three different planes. You have to have different changes for each plane. Where is it right now in terms of what it was supposed to be . The program for development and acquisition would cost Something Like 200 billion. That figure is closer to 380 billion. That is about a 38 increase when you adjust for inflation. The figure the taxpayer should want to be paying attention to is how much this will cost to sustain the plane, to keep in shape and wellmaintained. That amount could easily exceed 600 billion over time. A who is really to blame for sluggish u. S. Car plans and h m chasing its shoppers parents. Oliver welcome back to Bloomberg Businessweek, i am oliver renick. How changing consumer tastes is affecting u. S. Car plants. It is always a supply and demand issue in the industry. It takes years to build factories, and they try to produce hundreds of thousands of vehicles all the same, and they have to project those years out, and consumer taste can swing genetically so we are seeing , swing dramatically, so we are seeing sales pass that the come and the decline has come from midsize cars such as the camry, accord, compact cars, civics and corollas, ford focus. Those cars are not selling like they have been selling for years and years. They have been displaced by suvs. Oliver i like the story. It is directing go straight to the numbers. Give us some perspective on those numbers. That is basically that sedan market. Those are mainstream, family cars. The malibu and fusion are midsize sedans, the same size as a camry or accord. The prius is smaller. It provides and is used as a family car. These are mainstream family sedans replaced by the compact crossovers, a honda crv or ford escape, smaller than a big truck suv, but something more like an old Station Wagon used to be. Oliver if you are donald trump or are looking at the industry as an analyst, what does it tell you when demand shifts . There is demand, but just different types of vehicles. What does it mean for American Manufacturing . What those cars be coming from somewhere else, americanmade . Break that down. The big issue and debate investors have with the market is whether this is a little bit of a softening and a plateau where we have had record sales for the last two years, and unprecedented streak of seven years of sales growth, so now it looks like we are over the top. Will it be a traditional cyclical contraction . Or is it going to bump along for another three years or so . A lot of folks in the industry are confident things will stay where they are on a volume basis, maybe eat into some of those profits. We have seen warnings from ford and the like about how much tougher of the competition is getting, so maybe volume stays high, but the profitability shrinks. Oliver those numbers are the demand side equation. The supply side of the equation, how does that factor into this in terms of whether the supply is there, whether or not to meet that volume, carmakers need to build new plants, hire people . Because we see that sales have stopped growing, it will not keep going Straight Line up to 20 million a year or something. People are putting the brakes on manufacturing plants. The expansion plans that have been planned are Going Forward and they are executing, but nobody is no one is planning to build a new one billiondollar plant. Oliver h m is going after a slightly more mature audience. It is the worlds secondbiggest retailer by sales. It is a big fast fashion brand and became known of the past few decades for being able to quickly copy runway trends and sell them in their stores and a cheaper version am a but they also have known as a value retailer with a low price point where a lot of young consumers shop. Oliver there is one in our building. It is a great place to grab a quick shirt if you need. That has been their market, find what is popular, make it accessible, and make it accessible to younger people. As you point out, that is changing. Right now and they are working on developing other brands that have a premium positioning. The slightly more expensive brands are able to attract older customers, people with more purchasing power, and that can be interesting for h m because the value space has a lot of competition in it. Oliver when we talk about h m, the new products, this will be under a different brand. This will not necessarily be h m. Tell us how it breaks down in the organizational structure. Most people probably wont he able to tell that the secondary brands are a part of h m. This is going to be a store, a new store, called arket, will have a higher price positioning and have clothing for men, women, and children, simple close versus fashion. They will also sell products from other brands. Oliver i liked that you go into the etymology behind the name, which speaks to the essential nature of those clothes. What about Companies Like michael kors . As they expand, they lose that appeal. Is the opposite the case . I dont think so. Right now what we are seeing is that premium niche brands and lifestyle brands, brands that offer instead of a trend or fashion, instead a total package for a certain aesthetic. We think somebody is interested in the outdoors, or a young family in the city that likes rings that are clean and minimalist, which is may be the target of this new concept. That is a space were you have more power to create something new. Oliver up next, how to hack your way out of a fulltime job. Taser changing its name and more. This is bloomberg. Oliver welcome back to Bloomberg Businessweek. I am oliver renick. You can also catch us on the radio. In the technology section, some of the countrys top coders have found a way to avoid the nine to five. A hackathon does not mean breaking into something. Hacking means to put something together out of existing pieces to create something new, so like a marathon building session that lasted from 2448 hours. Oliver not all hacking is bad. These are engine years that our building projects and doing it as part of a tournament. Tell us where these events began. Anyplace with a large area like an auditorium or conference hall, wifi and bathrooms, fair game. Oliver and a supply of doritos and red bull. You are talking about how it has become a replacement for fulltime jobs. Tell us how who is going to hackathons, how they are making money. For some people, i would not say it is super widespread, for there are people who have made a fulltime living, supplementing contract work. Typically what will happen is they will go online or hear from friends that a hackathon is occurring, and based on how close it is to them, whether they have to pay for airfare or not, they will get together a team and bring their sleeping bags, usually not their toothbrushes, laptops, sensors, phones, power cords, show up and start hacking for bragging rights, but to your point, for prizes, and some prizes can get big. Oliver are we talking about students, engineers that have graduated . Who are the participants for the groups you are watching . I watch both. There are academic hackathons sponsored through major league hacking, like sports for programmers. I think there was 170 of them scheduled for 2017 calendar year, so that happens at universities all around the United States and even the world, so 170 in north america alone for 2017, and there are more in addition to that. That is the academic type, and typically those are for bragging rights and to look appealing to recruiters, because large tech Companies Like facebook, uber, google, microsoft, ibm all go to these hackathons to keep their eyes on the next up and rising talent and promote their technology. There is another type where large prizes are at stake, salesforce famously threw one in 2014, a 1 million first prize. They discontinued that because they did not get out of that hackathon what they wanted to, but other ones have continued like hasbro, procter and gamble just threw one, ibm, watson ai x prize. Oliver also, taser was to change its name and what it is known for. Taser has been around for 20 years. Everybody knows the stun gun. For years, they have been trying to come up with a second revenue stream that could match that. They finally hit their stride with Police Body Cameras. Their husband public demand for Police Body Cameras, and they were one of the First Companies to have a viable product that could be rolled out at scale. The doj put money find this. They have a division that makes Police Body Cameras and all the associated Cloud Computing software needed to manage the digital footage people have, so basically that has been the Fastest Growing part of the company and they see that as a way to expand, so they announce this plan to change their name from taser to axon. They really see the future of the company. Everyone is still committed to the taser, but they see Growth Potential coming from the body cameras and this Digital Management of evidence and digital life of a police officer. Oliver this is very interesting. I feel like there are very few instances where the name of the company is the product. What was it along the way that happen, an opportunity . Where is the impetus for the change coming from . They were facing a lot of lawsuits and a lot of public scrutiny for injuries and death. There was a lot of debate about cause and effect, but they were facing scrutiny regardless. They developed a taser camera that activated when the gun was activated, but in only captured the moment when they were tasing someone. It was a highlight reel of people getting tased. So they started to develop a standalone body camera. The first one was clunky and had three big components and took a while to get what is now the axon line. They have two versions, a body camera that mounts on the chest, and one that mounts on oakley glasses. Trying to protect themselves and customers from lawsuits is what first got them into the body camera line, but then they just got the product in good shape right when ferguson happened and this greater scrutiny on policing exploded, so it was good timing for them in that sense. Oliver up next, the state of North Carolina says no thanks to money managers. 3m struggles in a highstakes market. This is Bloomberg Businessweek. Oliver welcome back to Bloomberg Businessweek. I am oliver renick. North carolina is eyeing 100 million in savings. 3m finds out what is in the market for ankle monitors. Potential ties between the white house and russia. All that ahead on Bloomberg Businessweek. Oliver we are back with megan murphy to talk about must reads in this magazine. Lets go to the markets section. Active versus passive investing, but specifically about one treasure who is taking a passive approach to a pension fund. Megan he is taking an active approach to making his management passive. This is an interesting character, the treasurer of North Carolina. His view is we are being ripped off by these heavy fees that we pay for active management funds. We want to take that number down to a maximum of 100 million and shift our management to passive management. We have talked about this. This is not a shift that is new. We have Warren Buffett as a public champion of this shift, and this is something we have seen in pension funds, shifting this way. This is a microcosm of a larger shift going on. Carol not always so easy because there are some longterm contracts. What he says is they are arguing they are a mostfavorednation and this is a bad move. Longterm contracts are difficult to unwind to get the assets out, but when we see the markets doing what they are doing, which is continuing to be on a pretty good tear, but this debate over what you are paying for these Asset Management fees is on a statebystate and a municipality by municipality argument now. Oliver we talk about a macro topdown conversation. This is a look at what it means to make the switch. Lets talk about a story and the features section, 3m in a role that will surprise a lot of people, the industry for ankle bracelets. Megan we all know 3m for the posted note, scotch tape, and a Company Founded on innovation and engineering wonders. This is a company that pioneered giving its employees time off to think about new, breakthrough things. One of the markets they have moved into was security monitoring, ankle bracelets. This is a growing market as prisons try to move the population out. As we all know, there is a shortage of prison cells in america. For 3m, the technology they were using did not sink up in massachusetts where they had a large contract to supply ankle bracelets. It came down to something very pedestrian, a 2g model not compatible with some providers and a 3g system. Offenders would not be registered on the network, and when they were not registered, alerts would be sent to lawenforcement that they were in violation of their parole, but many times lawenforcement would be so inundated by these alerts that it led to even more confusion and more arrest warrants, and people in some cases being put behind bars because of this wrong technology. The company is a very fast multinational industrial company. Most people know about posted notes and scotch tape, but they make Industrial Products in all kind of industries from oil and gas, mining, to medical devices, so one of the industries they have gotten into is the safety and security business, and as part of that, they have recently over the past 6. 5 years in involved in the electronic monitoring device business, which is essentially the ankle monitors used to monitor prisoners, parolees, people on probation. Oliver as it turns out, maybe they are not as good at making and maintaining ankle bracelets as they are posted notes. Jokes aside, this is a serious consequence attached to this when these things dont work. Thats right. It has been an uphill battle for them. This is a business that is far afield from their core competency, so it has been a struggle. The technology has evolved over the years. They may be didnt adapt the Newest Technology at the quickest pace, which has with them in a couple of difficult situations. Carol it is a huge business, a 6 billion business for all the companies involved, but take a step back. 3m worked to fix the situation, but take us back to clinton, massachusetts where they were overwhelmed for years by problems with these bracelets. Unfortunately it seems to have led to people out on parole, alerts going off when they shouldnt have in being put back in priso