IlluMyFi

Another American Given Lengthy Prison Sentence By Russian Court For Espionage Another American has been slapped with a lengthy prison sentence in Russia. On Tuesday a Moscow court ruled that Gene Spector, a dual national, is guilty of espionage for which he was given a 15-year prison sentence.The case stemmed from or at least was added onto a prior 2020 guilty plea involving Spector mediating bribes for a previous aide to former Russian Deputy Prime Minister Arkady Dvorkovich, according to TASS.Kommersant/Associated Press"Independent Russian outlet Media Zona, who had a journalist inside the courtroom, reported that Spector was sentenced to 13 years in a maximum security penal colony on espionage charges," CNN reports."His previous charge for bribery was added to this term, meaning he was handed down a 15-year sentence, it reported, adding that Spector was also fined 14,116,805 rubles (around $140,500)," the report continues.Spector is believed to have already been in jail for years amid the pending court proceedings. Little in the way of specific information on the alleged crimes have been made public, with the court citing national security secrecy. TASS has described that he served as chairman of the board of directors of Medpolymerprom Group, which produces cancer drugs. According to some of the details of Spector's background via The Washington Post:The trial was held behind closed doors “due to the secrecy of the case materials,” according to the country’s Interfax news agency. “Only the introductory and resolutive parts of the sentence were announced by the court.”Spector was born in what was then the Soviet Union and later moved to the United States, where he obtained citizenship. He moved back to Russia as an adult and became an executive at a medical equipment company.The Associated Press has recently listed the growing list of Americans behind bars in Russia, some of who have been set free in prisoner swaps with Washington.In August of this year Russia and Washington conducted a historic prisoner swap which led to the freedom of former US Marine Paul Whelan and Wall Street Journal reporter Evan Gershkovich.JUST IN: Three Americans are back on US soil following their release from Russian detention in a historic prisoner exchange with Moscow.Follow live updates: https://t.co/pCsiV5uZ0Q pic.twitter.com/TPbFDGEE8b— CNN (@CNN) August 2, 2024Eight detained Russians had been sent from the US back to Russia as a result of the swap. Earlier in the Ukraine war the Biden administration came under political fire for agreeing to release international arms trafficker Viktor Bout for WNBA star Brittney Griner, who was arrested and convicted in a Moscow court on a minor marijuana charge. Tyler DurdenTue, 12/24/2024 - 21:15

Sentiment

-0.13

Bearish/Bullish

25.12.24 04:15

by zerohedge.com

The Musk-Led Manufacturing Revolution Nobody Is Talking About

The Musk-Led Manufacturing Revolution Nobody Is Talking About When most analysts discuss Tesla, they focus on new vehicles or the electric vehicle company’s advancements in autonomy. Yet, according to Launch i/o CEO Jeff Lutz, one of the most significant—and under-discussed—developments at Tesla is happening not in its design studios or on the road, but in its factories. Lutz, a former executive at Google and Motorola, argues that Tesla’s true innovation isn’t just the electric vehicles or robots it’s building, but how those products are being made. The company’s first-principles approach to manufacturing is a radical departure from the industry norm, focusing not just on cheap labor or existing models, but on rethinking the entire production process.Tesla is creating factories that are the product—designing, testing, and perfecting every element just as they do with their cars. This focus on manufacturing efficiency, Lutz believes, will lead to a dramatic reduction in production costs, potentially bringing them closer to zero. And this shift in how products are built—rather than merely assembled—could set a new standard for the entire manufacturing world..@thejefflutz to @farzyness: Tesla is Revolutionizing Manufacturing—And Few Are Talking About It"The most under-discussed thing in the analyst world about Tesla is not the new vehicles coming, nor the growing discussions about autonomy, but rather Tesla's next product: their... pic.twitter.com/a5a60vBxJR— CAPITAL (@capitalnewshq) December 25, 2024FARZAD MESBAHI: It's no wonder that innovation has been lacking so much it's because we've brute forced essentially manufacturing by leveraging globalization because we had that $2 an hour rate in China or Mexico wherever else like we're not like well we have to just get really good at building stuff to be competitive I was like nah just let him do it like we'll get get our margins just let them do it.JEFF LUTZ: The most under-discussed thing in the analyst world about Tesla is not the new vehicles coming, nor the growing discussions about autonomy, but rather Tesla's next product: their new way of manufacturing. It's a big deal, a huge step in how products are made today, and I don't think many investment firms have the right research people actually looking into what this impact is and what it's going to enable. It's going to enable the variable cost to build products to shrink further and further, approaching zero.This is the step function needed for cost reduction to achieve further scale, and I don’t think enough people are talking about it. It’s going to be how the Cybertruck is made, how Optimus will be made. Tesla versions its factories like they version their product. They spend time perfecting it and have design reviews of their factory designs just as they do with their products. They have specs and performance attributes they are trying to meet. This is very different from what happens at other companies at the executive level.FARZAD MESBAHI: This is such a profound statement beca...

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