Another day of big number for old winners

Just an example:

The Wall Street ournal, July 22, 2011.

  • General Electric reported a 21% rise in second-quarter profit and issued an upbeat outlook for the rest of the year.

  • Caterpillar posted a 44% rise in quarterly earnings on strong sales of machinery and power-systems equipment, though its bottom line fell short of Wall Street’s expectations.

  • McDonald’s reported a 15% rise in quarterly profit on sharply higher revenue, though it expects sales growth to ease this month.

  • Schlumberger’s second-quarter earnings rose 65% as the oil-field-services company posted double-digit revenue growth, led by North America.

    Verizon swung to a bigger-than-expected second-quarter profit, and formally named Lowell McAdam as chief executive, starting Aug. 1.

Bill Gates: “el capitalismo invierte muy poco en inovación”

Steve Jobs and Bill Gates

Image by Joi via Flickr

Bill Gates reshaped the computer industry by pumping out new versions of Microsoft Windows software every few years, fixing and fine tuning it as he went along.

Journal Report

Read the full Innovations in Energy report .

He’s now betting that he can reshape the energy industry with a project akin to shipping Windows once and having it work, bug-free, for 50 years.

Thanks to his role funding and guiding a start-up called TerraPower LLC, where he serves as chairman, Mr. Gates has become a player in a field of inventors whose goal is to make nuclear reactors smaller, cheaper and safer than today’s nuclear energy sources. The 30-person company recently completed a basic design for a reactor that theoretically could run untouched for decades on spent nuclear fuel. Now the company is seeking a partner to help build the experimental reactor, and a country willing to host it.

[…]

“A cheaper reactor design that can burn waste and doesn’t run into fuel limitations would be a big thing,” Mr. Gates says. He adds that in general “capitalism underinvests in innovation,” particularly in areas with “long time horizons and where government regulations are unclear.”

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Cuando los defensores de la empresa privada mencionan la hazaña de un empresario que logró realizar un viaje espacial en el 2004, ejercitan la misma acrobacia dialéctica. ¿Es un ejemplo a favor o en contra de la eficacia privada? Porque ni el Sputnik ni todos los vuelos y misiones logradas por la NASA desde 1950 fueron otra cosa que logros de la organización estatal. >>