as he increased oduction, his average costs per car fell, enablingim to lower the price and expand pduction. secondly, he incased labor productivity by expanding the amount of machinery, plant, and equipmenteach la. this was an increase inhe capital/laboratio it was exemplified this wby tse cras,chai, and dris inhe capital/laboratio that his workers used. thirdly, he did everytng in new ways. and designed a different producmod. introced a novemeodof pcti- e assembine. he was, according e greatt joseph schumper, an entrepreneur e asand an iovator.it has bd thatankee know-how mademeca great. nry ford was one yankee who did know how. space. the race to reach beyond the limits of this planet captfor decadestry's americans haveupported0s. a mar investment in thece program anits accomplishments, ke communications satellites wi these sateltescame question,s far-out technology come down to simpledoars and ce? early is century, telecommunicatiowent where . fiiraculously, across the street, teomity cit telecommunicatiowent where . then wire went under the ocean, and europe was on our doorstep. by t l

oil oduction. that is suppli demand pricg.he oher possible effect it could have is to make it less profitable f mpanies to exportnatural gas in the fom l rom the united states. the reason for tt is exports of lng from theus.enerally epredicated o selling into the market for that gas in rope o aa is priced at an oil uivalent at the lower oil pres of the spreader profitability exporting u.s lng into egloba markets would be reded. so that might ange tse dynamics of a little bt. so theyare are gog ba lot of pac y know i our focast i think where building in a pssibility at low prices cou sy for a while woulhave animpact and we will haveplen to say about that in the couple of mohs. >> ms. gordon do you hav anything to add to tha >> if i uladsi if we look at past sittions where we have had ecpitous price eclines, you think you anook at intertionally and say that e pricedeles some point co the engin f renewed growth. beuse the chins dndia's inbrazil's of the rld all of a sud if they start seeing 50-dollar oil hed start sanget's rejuve

a technical fault at a nuclear power plant has cut power oduction but he insisted the plant poses no danger. the accident happened last week. officials say normal output will be restored by the weekend. cyber monday sales celt a record. shoppers spent more than $2 billion online. still growth on cyber monday is slowing. consumers have spread out their shopping to other days. that is a look at the top stories we are following at this hour. microsoft's ceo is leading his first shareholders meeting. he has been on the job for nine months and already has a big win. a majority of shareholders approved his pay package for the fiscal year. it was recommended shareholders vote down the package. for more on what to watch cory johnson joins me now from san francisco. error $90 million that , say lot of money. i have seen that plan opposed because they thought it was too much money for a guy that wasn't been on the job. shareholders may say the guy has given us a 33% rise in the stock prices. more than double the 14% the nasdaq's return in that same time frame. i think it brings together a bigg

oduction, ann, you're >> wonderful. to thank the gentleman doing the i.t. today am challeneged a bit i'm afraid. -- first ly about the of all, very briefly i do as always want to thank chip and sally for the invitation. they're always so gracious. [applause] forum that the was strode fairy. we are an ngo founded by richard branson. we find market driven solutions economy.carbon we have our five operations up there. going to talk to two of them. hunt who is susan the operation hunter will be here tomorrow visiting on. i'm about to visit quite deeply on island. diversity look at bio from what we're doing in terms of conservation. doing from o we're degradation from happening. when i talk about market arriers what i'm saying when you look at shipping efficiency, the shipping owners or the owners do not pay for the fuel or pay your utility tenant or shipper. they're not motivated to give more fuel that's efficient and energy efficient. the 6th worst and ter between germany japan. basic retrofits to a ship, a porous or theleft engine to make it more efficient of

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my point is thatin a fre mke economy ke tute stats, tere arealst cmoties r oducts w have b on we arefree mar nation in the world. no'v havbeen poiedut in the190s, the opec rt nd r o udoi t e itstates anwe rtaliatby reati thsttegic troleu rserve an also requiocrdeo withewxctions could be expoedrom the united stes at mesome econom sse and some srategic sense in the 1970s. butthisisn' the 1970 thekey qustn oron of t key ess ad thehairman ofhe submmittee authory kewhat wold hapn e real the ban? at ould hpe to dostic gali pric? i avet sn any study th says they woulgo p e ersequowold be wh wld happen if went? wt happs t domestic oil pductiointhe near-term, midtm and long-term ife ee the bain ace? not y issue theyre in th art for domtcrude oi us. reineryapacity i thi iaroun 12 million barls a day. hatcoec m. emsk? >>f you add al of he other thgsdost crue oil getting seo 9 mliorrs a day. u get to baddin in bioels. >> i am askg athe refinery cacity is >> o 16 billion baelper day. >> is ov 1 >> yes, sir iidn' hink tt hi. if weoha a min t it states for thcre l referies, if oucat export ityou ke

oduction, ann, you're >> wonderful. to thank the gentleman doing the i.t. today am challeneged a bit i'm afraid. -- first ly about the of all, very briefly i do as always want to thank chip and sally for the invitation. they're always so gracious. [applause] forum that the was strode fairy. we are an ngo founded by richard branson. we find market driven solutions economy.carbon we have our five operations up there. going to talk to two of them. hunt who is susan the operation hunter will be here tomorrow visiting on. i'm about to visit quite deeply on island. diversity look at bio from what we're doing in terms of conservation. doing from o we're degradation from happening. when i talk about market arriers what i'm saying when you look at shipping efficiency, the shipping owners or the owners do not pay for the fuel or pay your utility tenant or shipper. they're not motivated to give more fuel that's efficient and energy efficient. the 6th worst and ter between germany japan. basic retrofits to a ship, a porous or theleft engine to make it more efficient of