Wednesday, May 11, 2005

Two men were taken into custody for violating the no-fly zone surrounding the U.S. national capital in Washington D.C.

The Capitol Building, the Supreme Court, the Department of the Treasury and the White House were evacuated around noon Wednesday. People in the vicinity were told to head to a rail station approximately a half mile south of the White House. Reporters in the White House itself were told to move into the basement.

President Bush was not in the White House at the time. CNN and Bloomberg have reported that the President was on a bicycle ride; CTV has reported that he was at Patuxent Wildlife Research Center in Beltsville, Maryland.

Wire sources report the cause of the evacuation as being a small plane that wandered into the no-fly zone. The craft was reportedly a Cessna 150, which flew into restricted space, left the area, and then returned. It was then escorted out of the zone by two F-16s that fired warning flares at it.

MSNBC reported that a ‘lure motorcade’ drove away from the White House.

Authorities gave the “all-clear” signal a few minutes after the evacuation. Other government agencies outside of the immediate area were largely unaffected.

At the time of the police-ordered evacuation, Senator Richard Shelby, R-AL, was on the Senate floor. “They said get out of here, so I ran. There’s no joking about this kind of stuff,” Shelby said.

The two men who were flying the aircraft were on their way to an air show when they slipped into Washington D.C.’s Restricted Airspace (image at right). Their plane was escorted to a Maryland airport where they were taken into custody and interviewed by authorities. Once it became clear the incident had been a mistake, the two men were released.

In Washington, D.C., a 25 km radius from the Washington Monument is restricted air space.

Saturday, April 4, 2009

Noam Chomsky is a professor emeritus at Massachusetts Institute of Technology in Linguistics and Philosophy. At the age of 40 he was credited with revolutionizing the field of modern linguistics. He was one of the first opponents of the Vietnam War, and is a self described Libertarian Socialist. At age 80 he continues to write books; his latest book, Hegemony or Survival, was a bestseller in non-fiction. According to the Arts and Humanities Citation Index Professor Chomsky is the eighth most cited scholar of all time.

On March 13, Professor Chomsky sat down with Michael Dranove for an interview in his MIT office in Cambridge, Massachusetts.

((Michael Dranove)) I just wanted to know if you had any thoughts on recent NATO actions and the protests coming up at the 60th NATO conference, I know you’re speaking at the counter-conference.

Could be I give so many talks I can’t remember (laughs).

On the NATO conference, well I mean the obvious question is why should NATO exist? In fact you can ask questions about why it should ever have existed, but now why should it exist. I mean the theory was, whether you believe it or not, that it would be a defensive alliance against potential Soviet aggression, that’s the basic doctrine. Well there’s no defense against Soviet aggression, so whether you believe that doctrine or not that’s gone.

When the Soviet Union collapsed there had been an agreement, a recent agreement, between Gorbachev and the U.S government and the first Bush administration. The agreement was that Gorbachev agreed to a quite remarkable concession: he agreed to let a united Germany join the NATO military alliance. Now it is remarkable in the light of history, the history of the past century, Germany alone had virtually destroyed Russia, twice, and Germany backed by a hostile military alliance, centered in the most phenomenal military power in history, that’s a real threat. Nevertheless he agreed, but there was a quid pro quo, namely that NATO should not expand to the east, so Russia would at least have a kind of security zone. And George Bush and James Baker, secretary of state, agreed that NATO would not expand one inch to the east. Gorbachev also proposed a nuclear free weapons zone in the region, but the U.S wouldn’t consider that.

Okay, so that was the basis on which then shortly after the Soviet Union collapsed. Well, Clinton came into office what did he do? Well one of the first things he did was to back down on the promise of not expanding NATO to the east. Well that’s a significant threat to the Soviet Union, to Russia now that there was no longer any Soviet Union, it was a significant threat to Russia and not surprisingly they responded by beefing up their offensive capacity, not much but some. So they rescinded their pledge not to use nuclear weapons on first strike, NATO had never rescinded it, but they had and started some remilitarization. With Bush, the aggressive militarism of the Bush administration, as predicted, induced Russia to extend further its offensive military capacity; it’s still going on right now. When Bush proposed the missile defense systems in Eastern Europe, Poland and Czechoslovakia, it was a real provocation to the Soviet Union. I mean that was discussed in U.S arms control journals, that they would have to regard as a potential threat to their strategic deterrent, meaning as a first strike weapon. And the claim was that it had to do with Iranian missiles, but forget about that.

Take say on Obama, Obama’s national security advisor James Jones former Marine commandant is on record of favoring expansion of NATO to the south and the east, further expansion of NATO, and also making it an intervention force. And the head of NATO, Hoop Scheffer, he has explained that NATO must take on responsibility for ensuring the security of pipelines and sea lanes, that is NATO must be a guarantor of energy supplies for the West. Well that’s kind of an unending war, so do we want NATO to exist, do we want there to be a Western military alliance that carries out these activities, with no pretense of defense? Well I think that’s a pretty good question; I don’t see why it should, I mean there happens to be no other military alliance remotely comparable — if there happened to be one I’d be opposed to that too. So I think the first question is, what is this all about, why should we even be debating NATO, is there any reason why it should exist?

((Michael Dranove)) We’ve seen mass strikes all around the world, in countries that we wouldn’t expect it. Do think this is a revival of the Left in the West? Or do you think it’s nothing?

It’s really hard to tell. I mean there’s certainly signs of it, and in the United States too, in fact we had a sit down strike in the United States not long ago, which is a very militant labor action. Sit down strikes which began at a significant level in the 1930’s were very threatening to management and ownership, because the sit down strike is one step before workers taking over the factory and running it and kicking out the management, and probably doing a better job. So that’s a frightening idea, and police were called in and so on. Well we just had one in the United States at the Republic Windows and Doors Factory, it’s hard to know, I mean these things are just hard to predict, they may take off, and they may take on a broader scope, they may fizzle away or be diverted.

((Michael Dranove)) Obama has said he’s going to halve the budget. Do you think it’s a little reminiscent of Clinton right before he decided to institute welfare reform, basically destroying half of welfare, do you think Obama is going to take the same course?

There’s nothing much in his budget to suggest otherwise, I mean for example, he didn’t really say much about it, about the welfare system, but he did indicate that they are going to have to reconsider Social Security. Well there’s nothing much about social security that needs reconsideration, it’s in pretty good financial shape, probably as good as it’s been in its history, it’s pretty well guaranteed for decades in advance. As long as any of the famous baby boomers are around social Security will be completely adequate. So its not for them, contrary to what’s being said. If there is a long term problem, which there probably is, there are minor adjustments that could take care of things.

So why bring up Social Security at all? If it’s an issue at all it’s a very minor one. I suspect the reason for bringing it up is, Social Security is regarded as a real threat by power centers, not because of what it does, very efficient low administrative costs, but for two reasons. One reason is that it helps the wrong people. It helps mostly poor people and disabled people and so on, so that’s kind of already wrong, even though it has a regressive tax. But I think a deeper reason is that social security is based on an idea that power centers find extremely disturbing, namely solidarity, concern for others, community, and so on.

The fundamental idea of Social Security is that we care about whether the disabled widow across town has food to eat. And that kind of idea has to be driven out of people’s heads. If people have a commitment to solidarity, mutual aid, support, and so on, that’s dangerous because that could lead to concern for other things. Like, it’s well known, for example, that markets just don’t provide lots of options, which today are crucial options. So for example, markets today permit you to buy one brand of car or another. But a market doesn’t permit you to decide “I don’t want a car, I want a public transportation system”. That’s just not a choice made available on the market. And the same is true on a wide range of other issues of social significance, like whether to help the disabled widow across town. Okay, that’s what communities decide, that’s what democracy is about, that’s what social solidarity is about and mutual aid, and building institutions by people for the benefit of people. And that threatens the system of domination and control right at the heart, so there’s a constant attack on Social Security even though the pretexts aren’t worth paying attention to.

There are other questions on the budget; the budget is called redistributive, I mean, very marginally it is so, but the way it is redistributive to the extent that it is, is by slightly increasing the tax responsibility to the extremely wealthy. Top couple of percent, and the increase is very marginal, doesn’t get anywhere near where it was during the periods of high growth rate and so on. So that’s slightly redistributive, but there are other ways to be redistributive, which are more effective, for example allowing workers to unionize. It’s well known that where workers are allowed to unionize and most of them want to, that does lead to wages, better working conditions, benefits and so on, which is redistributive and also helps turn working people into more of a political force. And instead of being atomized and separated they’re working to together in principle, not that humans function so wonderfully, but at least it’s a move in that direction. And there is a potential legislation on the table that would help unionize, the Employee Free Choice Act. Which Obama has said he’s in favor of, but there’s nothing about it in the budget, in fact there’s nothing in the budget at all as far as I can tell about improving opportunities to unionize, which is an effective redistributive goal.

And there’s a debate right now, it happens to be in this morning’s paper if Obama’s being accused by Democrats, in fact particularly by Democrats, of taking on too much. Well actually he hasn’t taken on very much, the stimulus package; I mean anybody would have tried to work that out with a little variation. And the same with the bailouts which you can like or not, but any President is going to do it. What is claimed is that he’s adding on to it health care reform, which will be very expensive, another hundreds of billions of dollars, and it’s just not the time to do that. I mean, why would health care reform be more expensive? Well it depends which options you pick. If the healthcare reforms maintain the privatized system, yeah, it’s going to be very expensive because it’s a hopelessly inefficient system, it’s very costly, its administrative costs are far greater than Medicare, the government run system. So what that means is that he’s going to maintain a system which we know is inefficient, has poor outcomes, but is a great benefit to insurance companies, financial institutions, the pharmaceutical industry and so on. So it can save money, health care reform can be a method of deficit reduction. Namely by moving to an efficient system that provides health care to everyone, but that’s hardly talked about, its advocates are on the margins and its main advocates aren’t even included in the groups that are discussing it.

And if you look through it case after case there are a lot of questions like that. I mean, take unionization again, this isn’t in the budget but take an example. Obama, a couple of weeks ago, wanted to make a gesture to show his solidarity with the labor movement, which workers, well that’s different (chuckles) with the workers not the labor movement. And he went to go visit an industrial plant in Illinois, the plant was owned by Caterpillar. There was some protest over that, by human rights groups, church groups, and others because of Caterpillar’s really brutal role in destroying what’s left of Palestine. These were real weapons of mass destruction, so there were protests but he went anyway. However, there was a much deeper issue which hasn’t even been raised, which is a comment on our deep ideological indoctrination. I mean Caterpillar was the first industrial organization to resort to scabs, strikebreakers, to break a major strike. This was in the 1980’s, Reagan had already opened the doors with the air controllers, but this is the first in the manufacturing industry to do it. That hadn’t been done in generations. In fact, it was illegal in every industrial country except apartheid South Africa. But that was Caterpillar’s achievement helping to destroy a union by calling in scabs, and if you call in scabs forget about strikes, in other words, or any other labor action. Well that’s the plant Obama went to visit. It’s possible he didn’t know, because the level of indoctrination in our society is so profound that most people wouldn’t even know that. Still I think that it’s instructive, if you’re interested in doing something redistributive, you don’t go to a plant that made labor history by breaking the principle that you can’t break strikes with scabs.

((Michael Dranove)) I live out in Georgia, and a lot of people there are ultra-right wing Ron Paul Libertarians. They’re extremely cynical. Is there any way for people on the left to reach out to them?

I think what you have to do is ask, what makes them Ron Paul Libertarians? I don’t happen to think that makes a lot of sense, but nevertheless underlying it are feelings that do make sense. I mean the feeling for example that the government is our enemy. It’s a very widespread feeling, in fact, that’s been induced by propaganda as well.

So pretty soon it will be April 15th, and the people in your neighborhood are going to have to send in their income taxes. The way they’re going to look at it, and the way they’ve been trained to look at it is that there is some alien force, like maybe from Mars, that is stealing our hard earned money from us and giving it to the government. Okay, well, that would be true in a totalitarian state, but if you had a democratic society you’d look at it the other way around You’d say “great, it’s April 15th, we’re all going to contribute to implement the plans that we jointly decided on for the benefit of all of us.” But that idea is even more frightening than Social Security. It means that we would have a functioning democracy, and no center of concentrated power is ever going to want that, for perfectly obvious reasons. So yes there are efforts, and pretty successful efforts to get people to fear the government as their enemy, not to regard it as the collective population acting in terms of common goals that we’ve decided on which would be what have to happen in a democracy. And is to an extent what does happen in functioning democracies, like Bolivia, the poorest country in South America. It’s kind of what’s happening there more or less. But that’s very remote from what’s happening here.

Well I think Ron Paul supporters can be appealed to on these grounds, they’re also against military intervention, and we can ask “okay, why?” Is it just for their own security, do they want to be richer or something? I doubt it, I think people are concerned because they think we destroyed Iraq and so on. So I think that there are lots of common grounds that can be explored, even if the outcomes, at the moment, look very different. They look different because they’re framed within fixed doctrines. But those doctrines are not graven in stone. They can be undermined.

• Additional comments

• On the elite’s view of the poor

• On Fromm‘s alienation of man

Wednesday, October 17, 2007

Methicillin-resistant staphylococcus aureus (MRSA), a drug-resistant strain of bacteria, killed nearly 19,000 Americans in 2005 alone, according to a new study in the Journal of the American Medical Association. That is more people than were killed by AIDS in the United States. More than 94,000 Americans were afflicted with MRSA infections in 2005.

Although the supergerm, or superbug, is primarily found in hospitals, a growing number of cases have been contracted at public gyms and schools. In Moneta, Virginia, a high school senior died from an infection that spread to his kidney, liver, lungs and heart. In Bedford County, where Moneta is located, school officials have reported five cases of the Methicillin-resistant strain of the Staph bacteria. County officials closed the schools to clean them.

“Certainly, MRSA now has to be viewed as a very important target for prevention and control,” said Dr. David A. Talan, an infectious diseases specialist at Olive View-UCLA Medical Center.

Sunday, June 20, 2010

A 6-year-old boy and his father were shot and killed Saturday afternoon while eating inside a busy Del Taco fast food restaurant in San Bernadino, California, before the shooter turned a gun on himself.

According to the San Bernadino Police Department, 56-year-old Jimmy Schlager arrived at the Del Taco at 1:15pm PST (2015 UTC) on a bicycle, and, armed with two semi-automatic guns, entered the restaurant and opened fire on a family of four who were dining together. The employees and other customers all ran out of the restaurant and escaped without injury.

The father of the family, identified as 33-year-old Alex Trujillo, was declared dead at the scene, said the San Bernadino Fire Department. His wife and two sons were taken to Loma Linda University Medical Center in critical condition. His 6-year-old son, Adrian, died shortly after. The victims each suffered two bullet wounds, except the mother, who police say received up to ten gunshots. The names of the 29-year-old woman and her 5-year-old son have not been released. Both remained in critical condition on Saturday night.

After shooting the family, Schlager, later identified as the woman’s step-father, shot himself in the head. He was taken to Arrowhead Regional Medical Center, where he later died from the self-inflicted gunshot wound to the head. Police said Schlager had previously been arrested a number of times, on charges that included theft and assault with a deadly weapon.

Monday, November 28, 2011

The death toll from the weekend suspension bridge collapse on the Indonesian island of Borneo has risen from four to eleven. Search and rescue teams continue to look for bodies in the Mahakam River.

The number of wounded is currently 39 injured; reports from locals suggest 33 people remain missing at the scene in East Kalimantan’s Kutai Kartanegara district, where “Kalimantan’s Golden Gate Bridge” linked the towns of Tenggarong and the regional capital, Samarinda. A six-month-old baby is among the dead.

Cars, motorbikes, and buses all fell into the Mahakam River when the bridge came down during repairs. Another car was left overturned and balanced upon wreckage over the water. State-owned builders PT Hutama Karya completed the bridge about a decade ago in the image of California’s Golden Gate Bridge. A cable on the 720-metre structure is thought to have failed as workers dealt with it; six of the repair crew were reported missing yesterday. It had been the longest suspension bridge in Borneo.

Eyewitnesses described heavy traffic at the time of the collapse, and one survivor said he left his truck to investigate a traffic jam. Some people were left trapped by debris as the bridge came down. “It happened so fast, only about 30 seconds,” according to National Disaster Management Agency spokesman Sutopo Nugoroho.

National search and rescue head Daryatmo said yesterday cranes will attempt to move debris today, with new reports saying echo-sounding equipment will be used to check it is safe to begin lifting. It is believed the bodies of more victims will be found trapped in vehicles beneath the water, which is 35-40 metres deep. Visibility is poor, and one official explained authorities are still unsure how many vehicles are on the riverbed.

“The above-water search is continuing, but underwater operations have not been carried out because we’re worried that the bridge’s pylons are unstable and could collapse any time,” said Nugoroho today. He explained that bodies had washed onto the riverbanks overnight and were recovered today.

The president, Susilo Bambang Yudhoyono, has sent three ministers to the site to investigate the accident, while Bambang Widaryatmo, head of East Kalimantan’s police, promised “parties found to be negligent will be prosecuted”. The government has promised a replacement ferry service. The river is closed to boats as rescue operations continue, and a 22-strong team has been dispatched from the national police, comprising six forensics experts, five disaster victim identification specialists, and eleven investigators. They are there to augment the East Kalimantan Police. Health Minister Endang Rahayu Sedyaningsih yesterday visited survivors in Parikesit Hospital and promised them medical treatment at government expense.

Some people swam ashore after falling, with the aftermath filled with screams. Survivor Syakrani, 24, yesterday asserted “The authorities should have closed the bridge if it was under repair.” His words were followed by a Jakarta Globe editorial declaring the accident “unacceptable”.

The Globe went on to comment upon suggestions corruption may have played a role; “It is too early to point fingers and look to place blame, but if shoddy materials were used in the building of the bridge, those responsible must answer to the public.” Another suggestion is coal barges striking the bridge may have weakened it. Local coal company Harum Energy lost five percent of its share value today amid fears the river blockage will hamper their ability to ship coal.

Samarinda’s seen a population and construction boom lately. A few years have seen the population triple and the construction of a large mosque, and a sports stadium; an airport and port are set to follow. However, the Corruption Eradication Commission warns 70% of the corruption it investigates concerns government contracts and up to 40% of money earmarked for infrastructure ends up stolen.

Thursday, September 21, 2017

On Monday night, New Jersey, US-based toy retail giant Toys R Us filed for bankruptcy in the US as well as in Canada. The retailer filed it from Richmond, Virginia for Chapter 11 bankruptcy code in the US, and a judge allowed a loan of over US$2 billion.

According to the filing, the retail chain owns US$6.6 billion in assets, but has a debt of US$7.9 billion. They were under a roughly US$5 billion debt since the company underwent a three-way acquisition in 2005. Kohlberg Kravis Roberts, Bain Capital, and Vornado Realty Trust acquired Toys R Us for around US$7 to US$7.5 billion. After the US judge approved a loan, Toys R Us received about US$3 billion from the lenders to continue the business and survive a competitive market, and restructure their business model. E-commerce giant Amazon.com, Walmart and Target are some of the competitors for the conventional ‘brick and mortar’ toy shop, with lower priced-merchandise and fast, cheap delivery. In a conference call in June, CEO Dave Brandon said “very, very aggressive pricing online” was causing problems. He also said the company was experiencing “significant weakness in demand for their products globally”. Toys R Us are to clear a debt of US$400 million by May 2018.

Toys R Us said they would continue to operate for the holiday season. Bankruptcy lawyer Jeff Gleit said Toys R Us “need to do both a financial restructuring as well as an operational restructuring” and “needs to modernize with the times”. Last holiday season, Toys R Us made sales around US$4.5 billion. Overall, the company reported a US$29 million loss in 2016. CEO Brandon said, “Our objective is to work with our debt holders and other creditors to restructure the US$5 billion of long-term debt on our balance sheet, which will provide us with greater financial flexibility to invest in our business”.

Toys R Us employs more than 60 thousand people in 38 countries around the world in more than 1600 stores. The company’s stocks fell by six percent after filing for Chapter 11 protection. US bankruptcy code Chapter 11 allows the company to restructure under a plan approved by the court. The company would also be shielded from creditors’ claims during the process. For the stores located in Canada, Toys R Us filed bankruptcy in Ontario and are to undergo reorganisation. However, 259 stores located outside the US or Canada will not undergo reorganisation, the company said.

Over 300 US-based retailers have filed for bankruptcy this year, and hundreds of stores closed.

Saturday, June 28, 2008

Louisiana Republican Governor Bobby Jindal signed a controversial bill hailed by intelligent design supporters, such as the Discovery Institute, and Louisiana Family Forum, a creationist group. Critics of the bill, including several major science organizations, say it allows for the teaching of “creationism” in public schools.

The law, Louisiana Science Education Act, allows teachers to use “supplemental materials” when discussing evolution, but it does not state what the materials would be.

Citing the 1987 Supreme Court ruling in Edwards v. Aguillard, “Louisiana has a long and unfortunate history of trying to substitute dogma for science in classrooms,” said Reverend Barry W. Lynn, an executive director for Americans United for Separation of Church and State. In addition, the American Association for the Advancement of Science, National Center for Science Education, and the Louisiana Coalition for Science opposed the bill arguing it would cause detriment to students’ education by letting in unapproved curriculum.

According to Reuters, Jindal’s office declined to comment on Friday.

Similar Academic Freedom bills have been promoted by the Discovery Institute in other states, but so far they have failed.

Saturday, August 19, 2006

Ford has announced sweeping cuts of 21% (168,000 units) in its US and Canadian production, resulting in the partial closure of ten of its plants during the fourth quarter. The measure comes on top of existing turnaround plans announced in January, in which 25,000 to 30,000 positions should be cut and 14 plants closed by 2012.

Ford is the world’s third-largest automaker and the U.S.’s second-largest. However it has in recent years been struggling with poor profitability and shrinking market shares. In 2005 it lost $1.6 billion and recently the company reported a second quarter loss of $254 million and a 34% year-year decline in sales for the month of July.

George Pipas, director of sales analysis at Ford, points to rising gas prices having negative impact on the sale of the companies SUV lines as well as its sales leader, the F-series pickup truck as being the direct cause of the latest initiative.

So far the following plants are thought to be affected:

• St. Thomas Assembly of St. Thomas, Ontario, Canada
• Chicago, Illinois
• Wixom Assembly Plant of Wixom, Michigan, Michigan
• Louisville Assembly of Louisville, Kentucky
• Michigan Truck Plant of Wayne, Michigan
• St. Paul, Minnesota
• Kansas City Assembly of Kansas City, Missouri
• Norfolk Assembly of Norfolk, Virginia
• River Rouge Plant of Dearborn, Michigan

Ford’s stock fell 17 cents (2.1%) to $8 on the New York Stock Exchange.

Monday, December 8, 2008

More details have emerged over the weekend after the surprise announcement last week of Honda‘s intention to sell its Formula One racing team, Honda Racing F1. The team management, Nick Fry and Ross Brawn, have already announced confidence in their ability not only to find a buyer for the team but also to deliver the performance expected of Honda’s 2009 car. Prices as low as £1 have been put forward as possible prices tags for the Northampton based team, with Honda CEO Takeo Fukui stating that “Just to make the team possible to exist, a small price tag is acceptable”.

On Saturday the Japanese car giant said that before selling the team it was going to offer British driver Jensen Button, who had given the Honda team its only victory, a way out of his recently signed multi-million pound contract with the team so he could try to get a drive with other teams. However, Ross Brawn appears eager to retain the Briton and either retain Brazilian Rubens Barrichello or sign GP2 driver Bruno Senna, nephew of legendary racer Ayrton Senna. At an industry awards dinner, Button indicated his desire for a buyer to be found for Honda, saying any buyer would get “… a great team with excellent facilities. And with the leadership of Ross Brawn, and the whole team as they are, we can come through this and be on the grid in 2009”. Button has also spoken of his shock and pain at Honda’s decision.

Ross Brawn, who was brought into the Honda team with much fan fare before the 2008 season, has spoken of his shock at finding out about the sale of the team. Brawn, who is credited with helping Michael Schumacher and Ferrari dominate Formula One for much of the last decade, indicated he was expected funding cuts and had prepared a reduced budget but hadn’t expected the full withdrawal of support that Honda announced. Brawn has also indicated understanding of Honda’s reasoning, with their sales down 40% in some markets and Honda F1’s £200m+ budget a cost they were unwilling to bear.

Though Honda has committed to providing a budget for the team until March, the budget is lower than that which had been expected and so the team has had to pull out of the crucial winter tests at Jerez. This has denied Formula One hopeful Bruno Senna another test with the team and has combined with the engine implications of Honda’s withdrawal to push the new car’s final testing from January to March, just weeks before the first Grand Prix in Australia. Ross Brawn however remains confident of competing with new Formula One frontrunners BMW Sauber and Formula One supremo Bernie Ecclestone has tipped the team as a great buy, saying “I’ve no doubt Honda would have been in top four next year without any problems. They’ve spent a lot of money to put themselves in that position so if anyone does want to be in F1 this is a team they should look to buy. It’s a big opportunity for any company that’s run efficiently to benefit”.