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Article source: https://www.theindychannel.com/lifestyle/history/beloved-indianapolis-watering-hole-the-red-key-tavern-celebrating-67th-anniversary
A worker walks past microwave oven housings on their way to an oven that will bake on the coating in a factory in Guangzhou, China, July 2017
One of the things we teach our first-year MBA students at the Harvard Business School is how to improve operating processes. When I look at a production line (or any process for that matter), how do I improve its operation so that I get the maximum effectiveness, the highest output with the most efficient utilization of resources like labor and equipment? This often means carefully choosing a process design based on what kind of work needs to be done, identifying bottlenecks, and figuring out how to make improvements as we gain some production experience. As we practice and learn, we figure out how to do things more efficiently.
The manufacturers of almost every product rely on learning – reducing the costs of manufacturing their products as they get better at producing them. Although the benefits of learning in mass production were evident all the way back to Henry Ford with the production of the Model T, the formal idea that there is a “learning curve” to production came from the study of B-17 Flying Fortress bomber production at Boeing’s Plant No. 2 in Seattle during World War II. The cost of producing these airplanes decreased by approximately the same percentage amount with every doubling of cumulative production volumes.
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The first five airplanes were delivered in September 1941, and they took an average of
Article source: https://www.forbes.com/sites/willyshih/2018/04/02/practice-makes-perfect-why-chinese-manufacturers-have-a-production-advantage/
To say Tesla has entered rough waters of late would be an understatement.
Ahead of reporting first-quarter vehicle deliveries and earnings, the carmaker has been dealing with a flagging stock price, and Moody’s downgrade of its debt into deep junk territory, and a fatal crash in California involving the company’s Autopilot semi-self-driving system.
Some proactive communications on Tesla’s part about details of the crash then drew a rebuke from the National Transportation Safety Board,
Article source: http://www.businessinsider.com/critical-week-tesla-history-debt-stock-2018-4
Lady Leslie Ridley-Tree, CEO of Pacific Air Industries, is the 2018 Rock Star: Life Achievement Award recipient, the Spirit of Entrepreneurship (SOE) Foundation has announced.
The SOE Foundation Board unanimously chose Lady Ridley-Tree, who is not only a successful businesswoman but also a leading philanthropist in Santa Barbara.
She will be honored at the Spirit of Entrepreneurship Awards gala on May 4 at the Hilton Santa Barbara Beachfront Resort.
The Rock Star: Life Achievement Award is presented to a successful woman entrepreneur who has made an indelible impact on the local community.
“Not enough people know that Lady Ridley-Tree is the CEO Pacific Air Industries + Air-Cert, Inc., a company founded by her late husband Paul in 1959,” said Cathy Feldman, board chair/CEO of the Spirit of Entrepreneurship Foundation.
“She commutes to their headquarters in Chatsworth every week to supervise the business,” Feldman said.
PAI is a successful airplane-parts distributor as well as a FAA-certified repair shop that refurbishes and maintains an up-to-date inventory for airline companies and delivery services like FedEx around the world.
“We all know Lady Ridley-Tree for her countless contributions to the community, with the state-of-the-art Ridley-Tree Cancer Center being the most recent,” Feldman said.
“This amazing woman, now in her nineties, is still actively running her business. Our board was enthusiastic about recognizing her because she is such an incredible role model for all of us,” she said.
Lady Ridley-Tree is never one to shy away from challenges. Years ago, when she lived in
Article source: https://www.noozhawk.com/article/entrepreneur_in_her_90s_lady_leslie_ridley_tree_is_a_rock_star
BUYSSCHEURE, France (AP) — It is early afternoon on a spring day in 1944. On a French farm 20 miles from the English Channel, two young brothers tend the cows — perhaps they goof off a bit — as their father brews beer.
Then a plane falls from the sky.
A P-47 Thunderbolt, an American fighter plane, has been hit by German fire. On the ground, the boys watch as the last moments of a desperate American pilot unfold.
“When the plane fell, there were still bullets exploding” from the plane’s .50-caliber machines guns, recalls Marc Cooche. He was 12 then; at 86, he’s still haunted by memories of that afternoon.
In Cooche’s recollection, the plane veered to avoid some electric cables, maneuvering in the air for two or three minutes before plummeting nose first. The crash left a deep crater in a field of beets. Flames fed by the plane’s fuel licked the sky, and the hole burned for days.
The boys and their father wanted to rescue the pilot. Cooche’s father, who was the town’s mayor, “came with horses and barrels of water to put out the fire,” he says, but Germans had arrived at the site and turned him away. He would later tell investigators the explosion was “formidable.”
In a world war, the loss of a single plane and its 22-year-old pilot, Lt. Frank Fazekas, in rural France drew scant attention. A little more than a week later, just a few miles away, the Allies would launch the largest seaborne invasion in
Article source: http://www.postbulletin.com/news/world/years-later-a-pilot-who-crashed-in-france-returns-home/article_150de2be-ce62-5815-9e3b-b11044c56bf4.html
As Boeing’s 787 Dreamliner begins its second decade, the promises that this first composite airliner will fly farther, cheaper and with less fuel burn than previous generations have been clearly demonstrated. 630 aircraft are currently in service with 45 airlines on every continent, with Boeing citing 218 million passengers over 2.9 billion revenue miles during 6.5 million revenue flight hours.
But beyond the numbers, the 787 has opened up numerous new routes since its introduction, adding weight to Boeing’s arguments about the Dreamliner shifting the hub-and-spoke model towards point-to-point service, although Australia’s position within Airbus A330 range of China has meant that much of the 787 effect here has been adding new nonstop hub flights rather than new destinations.
A large part of Jetstar’s expanded post-A330 international network has developed since the introduction of the 787, while offerings like United’s new Sydney-Houston route, its nonstop LA-Melbourne flight, Qantas’s upcoming* Perth-London service, and Air India’s Australia operation, rely on the economics and performance of the Dreamliner.
“The 787 has flown over 1,500 total routes, and has made possible over 170 new nonstop routes to connect the world like never before,” Boeing regional director of product marketing Tarun Hazari says.
“These are nonstop markets that never existed. So network and fleet planners basically started off from a clean canvas and created these routes that are now extremely profitable.”
The aircraft also continues to enable changes for existing routes, creating major efficiency gains when replacing four-engined aircraft like the
Article source: http://australianaviation.com.au/2018/04/boeings-787-10-and-the-787-at-10/
John Clayton Yost, of Austin and Galveston, Texas, and Aspen, Colorado, passed away on March 28, 2018 surrounded by his children and sister after a brief battle with cancer.
Born July 22, 1943 to Katherine Andrews Yost and Francis Randolph Yost, he attended St. John’s School, The Lawrenceville School, Washington Lee University, and Harvard Business School.
John worked in early Houston years building apartments, went on to build a restaurant chain in Houston, Austin, and College Station with close friend Randall Jones, and worked later in the custom flooring business with his brother. He served on the board of Wichita-Joplin Coca Cola Bottling Co. for 12 years until it was sold to the parent company in 1995.
He was a world traveler, working his way around the world for 11 months at the age of 20, and published a diary of the trip, The World Is a Nice Place to Visit. His travels continued until his demise.
John was a deeply devoted father and husband, inventor, and writer. He often said that his greatest accomplishments were his three adored children: Clayton, Carson, and Samantha.
Eighty pages into penning Ruin in the Jungle, the world will not see the completion of this work about the Mayan civilization, cut short by his death. His opus, Randolph, will also remain unfinished.
He invented the radio-controlled Blue Crab and Maine Lobster with which he regaled his kids and hundreds on the beach at his favorite
Article source: https://www.aspentimes.com/news/local/john-clayton-yost/
