Sensenbrenner on Immigration

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Mark Leibovich:

In recent weeks, Mr. Sensenbrenner has refused to yield on anything, derided what he calls the “amnesty” of the Senate bill and warned that he is willing to walk away without a compromise. He says his views have been influenced by the flood of immigration-related cases coming through his office and what he sees as the failure of previous immigration reform efforts he has worked on.

He is known as one of the toughest negotiators in Congress, which invites another canine metaphor from a colleague. “Sensenbrenner is a pit bull,” says Representative Ric Keller, a Florida Republican on the Judiciary Committee. “And the Senate negotiators he’s up against are wearing Milk-Bone underwear.”

Sensenbrenner has been a powerful friend of many Non-Wisconsin special interests such as the recording industry.

Hilary Rosen Gets DRM Religion?

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Eliot Van Buskirk:

Obviously, Apple has a business strategy that says “proprietary” works for them. The record companies, I think, have tried to convince Apple to open up their system. I don’t think that’s been successful. The choice now is to either go unprotected so everybody has the same shot and the market expands, or to continue down what I think is an unfriendly path for consumers and the industry, because I don’t think it’s growing as fast as it can.

I understand there’s a rabid philosophy on both sides of this to protect or not to protect … and I actually am not that black and white about it. I think if people want to protect their content, and want to have a DRM or a business model that limits its distribution, that’s okay. If others don’t want to, that’s okay too. That’s why I like Creative Commons. It’s all about choice. What I have focused on is what will most dramatically expand the music market at a time when device choices feel so limited and the service side is so underutilized.

Honda Plans Turbodiesel for US

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Kathy Jackson:

John Watts, manager of Honda’s U.S. product planning, said Honda plans to introduce a clean-burning, 2.2-liter turbodiesel in the United States within three years.

“That 2.2 could probably crank out about 200 horsepower and about 220 (pounds-feet of) torque at little rpm,” he said at a press event here. “Vehicles like the Pilot (SUV) and Odyssey (minivan) are too big for a four-cylinder.”

Ted Levitt

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Laurel Delaney:

One of my favorite people (minds) on the planet and the person who coined the term “globalization” died at age 81: Theodore Levitt. The reason why Professor Levitt became such a force in my life was because in the ’80s — before any individual or company was thinking about going global — he turned me on to the importance of looking at the world as your market. He also knew how to deconstruct and solve problems by asking the right questions. Something to this day I still find myself doing. Here are some things I will remember the most about Levitt:

• Harvard Business Review — He holds the record with Peter Drucker for publishing the most articles in HBR.

• What turned me on to Levitt — “The Globalization of Markets” and five other great articles authored by HBR talents.

Using the term “globalization” in a 1983 Harvard Business Review article about the emergence of standardized, low-priced consumer products. He defined that globalization as the changes in social behaviors and technology which allowed companies to sell the same products around the world.

AOL: “Certain Death or Free Plus Ads”?

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Henry Blodget:

The WSJ reports that AOL is considering making online access to its service–including, importantly, email–free. (AOL email users currently have to pay for one of the company’s subscription plans, although much of the rest of the company’s content is already free.) Per the WSJ, this move would vaporize about one-quarter of the company’s revenue, or $2 billion. The company estimates that it would also result in the loss of 8 million paying subscribers.

Blodget also notes that Vonage’s recent IPO continues to be black comedy (public at 17, now 8.25 after just a month….

DeLorenzo and Wallace on Nissan / Renault / GM

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Peter DeLorenzo:

Make no mistake – this isn’t about creating a new global automotive powerhouse well-equipped to do battle deep into this century, one that will keep Toyota from taking over the world. And this certainly isn’t about doing what’s best for General Motors and the people who have so much invested in the fortunes of the company. And this in no way, shape or form has anything to do with solidifying America’s manufacturing base or shoring up the economy.

No, this is about flat-out greed, pure and simple.

Ed Wallace:

This possibility is not a case of what would be best for General Motors; it’s driven by egotism and greed. Setting the stage for it were the peculiarities of the financial markets; GM, the world’s largest car company, recently had a market capitalization barely above $10 billion, while its closest competitor’s market cap was $169 billion. Analysts now forecast that Toyota, the world’s second largest car company, should be worth $236 billion within the year, but faltering GM will be worth no more than $15 billion.

It is that situation that allowed a notorious corporate raider, Kirk Kerkorian, to buy 9.9% of GM’s outstanding shares for little or nothing. And with that purchase he gained the leverage to push his personal consultant — whose pay is based not on GM’s improved financial performance but on Kerkorian’s take from his investment in the motor company — onto GM’s board of directors.