WEBVTT - Rerun: GE and the House that Jack Built

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<v Speaker 1>Welcome to tech Stuff, a production from my Heart Radio.

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<v Speaker 1>Hey there, and welcome to tech Stuff. I'm your host,

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<v Speaker 1>John Than Strickland. I'm an executive producer with I Heart

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<v Speaker 1>Radio and a love all things tech and uh I

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<v Speaker 1>am on vacation, y'all. If you hadn't heard that already,

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<v Speaker 1>then you need to listen to the last two episodes

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<v Speaker 1>because we are going through a series of classic tech

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<v Speaker 1>Stuff episodes. Classic Pig came out in two thousand nineteen.

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<v Speaker 1>They're all classics in my mind. Anyway, We're going through

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<v Speaker 1>this series about General Electric a k a. G. And

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<v Speaker 1>the reason we're doing that is that recently the company

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<v Speaker 1>announced that it plans to split into three separate companies

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<v Speaker 1>over the next few years, one focusing on energy, one

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<v Speaker 1>focusing on healthcare, and one focusing on aviation, with the

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<v Speaker 1>aviation company retaining the name GE. So with that in mind,

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<v Speaker 1>we're going to listen to part three of that series,

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<v Speaker 1>G E and the House that Jack Built. Now. That

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<v Speaker 1>episode originally published on September nine, two thousand nineteen. One

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<v Speaker 1>more thing tomorrow, we should have a brand new Smart

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<v Speaker 1>Talks with IBM episode, and so that will publish tomorrow.

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<v Speaker 1>But then on Friday, we will conclude the g E series.

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<v Speaker 1>So sit back, relax, and enjoy g E and the

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<v Speaker 1>House that Jack built. We are continuing our journey through

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<v Speaker 1>the history of General Electric or GE, a company that

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<v Speaker 1>has encountered some pretty significant challenges over the last decade

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<v Speaker 1>or so. Now. In our first two episodes, I went

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<v Speaker 1>through the founding of g E and then made my

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<v Speaker 1>way all the way up through World War Two, and

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<v Speaker 1>I talked about how some of the top level executives

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<v Speaker 1>of the company were called upon by the US government

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<v Speaker 1>to serve in wartime government position to help the US

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<v Speaker 1>meet the needs of supplying the military with the equipment

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<v Speaker 1>necessary to fight the war. I also talked about how

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<v Speaker 1>GE continued to grow as a company, building on new

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<v Speaker 1>departments and divisions and diversifying the company's businesses. And I

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<v Speaker 1>ended the last episode by talking about a court case

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<v Speaker 1>that determined GE was being anti competitive by leveraging patents

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<v Speaker 1>in order to act as an effective monopoly when it

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<v Speaker 1>came to manufacturing lightbulbs. Now we're almost up to nineteen

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<v Speaker 1>fifty and it's time to get out of this world.

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<v Speaker 1>The one thing I want to mention before we get

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<v Speaker 1>into the nineteen fifties. Is that in nineteen forty six

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<v Speaker 1>a scientist at GE named Vincent Schaefer developed the process

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<v Speaker 1>of cloud seating. And the idea is pretty elegant but

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<v Speaker 1>has long been a subject of scientific dispute. So here's

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<v Speaker 1>the process. It involves distributing tiny particles into clouds in

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<v Speaker 1>an effort to make it rain. And the thought is

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<v Speaker 1>that these particles will act as nucleic sites for rain

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<v Speaker 1>drops to form. When the raindrops get large enough, they

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<v Speaker 1>have enough weight to fall to Earth. And so that

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<v Speaker 1>is the general thought behind cloud seating. It's been practiced

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<v Speaker 1>ever since, but there have been many questions over whether

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<v Speaker 1>or not cloud seating actually works. Sometimes it would rain,

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<v Speaker 1>sometimes it wouldn't, and if it did rain, is there

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<v Speaker 1>any way to be sure that it was the cloud

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<v Speaker 1>seating that actually made the difference. I mean, you had

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<v Speaker 1>to have a cloud there in the first place. You

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<v Speaker 1>couldn't just manufacture a cloud. Experiments and labs suggested that

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<v Speaker 1>it should work, but the natural world is very different

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<v Speaker 1>from the controlled conditions of a lab environment. It didn't

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<v Speaker 1>help that many of our measuring instruments lacked the precision

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<v Speaker 1>to detect very small raindrops. So you couldn't really monitor

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<v Speaker 1>to see if it was actually doing what it was

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<v Speaker 1>supposed to do. An experiment in two thousand eighteen suggests

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<v Speaker 1>that cloud seating does in fact work, at least to

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<v Speaker 1>some extent. But there's another question that's still open, which

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<v Speaker 1>is does cloud seeding make economic sense? Does the amount

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<v Speaker 1>of water produced by rainfall justify the cost of flying

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<v Speaker 1>aircraft up and distributing the particles in the first place.

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<v Speaker 1>Because it may very well work, but it might not

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<v Speaker 1>work well enough to make sense from a financial perspective.

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<v Speaker 1>I just find it fascinating that we've essentially been doing

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<v Speaker 1>this for seventy years and we still don't know if

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<v Speaker 1>we should be doing it. Now. I can certainly see

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<v Speaker 1>why cloud seating companies feel we should be doing it.

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<v Speaker 1>I mean, that's their business. But the jury is still

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<v Speaker 1>technically out over whether or not it makes sense, and

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<v Speaker 1>there's still a little bit debate on whether or not

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<v Speaker 1>it really truly works, or if it works in enough

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<v Speaker 1>conditions for it to be reasonable. Now, in ve Ge

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<v Speaker 1>made the first two door refrigerator freezer combo, and I

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<v Speaker 1>only mentioned it here because I think it's cool. That's

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<v Speaker 1>a pun. Now we're up to the nineteen fifties. So

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<v Speaker 1>in nineteen fifty one, GE built a new jet engine

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<v Speaker 1>called the J seven nine. And here's an interesting historical note.

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<v Speaker 1>When engineers tested the J seven nine, which had variable statters,

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<v Speaker 1>the efficiency ratings were so high that the engineers thought

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<v Speaker 1>their instruments were malfunctioning. There's no way we're getting this

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<v Speaker 1>level of energy efficiency out of this thing. But then

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<v Speaker 1>that raises a question for a lot of people, what

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<v Speaker 1>is a statter? What does that actually mean? Well, the

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<v Speaker 1>name gives you a hint. Statter stationary, that kind of thing.

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<v Speaker 1>So in jet engines, you have fan blades that rotate.

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<v Speaker 1>Those are rotors, and you had fan blades that hold

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<v Speaker 1>in place. Those are called statters. And the purpose of

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<v Speaker 1>this combination is to both draw air into the engine

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<v Speaker 1>and to compress that air before it enters into the

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<v Speaker 1>combustion chamber. The adjustable status meant that the engine could

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<v Speaker 1>be finely tuned to produce higher compressor pressures and to

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<v Speaker 1>produce more usable energy as opposed to waste heat when

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<v Speaker 1>you're actually burning fuel. In nineteen four, g E Research

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<v Speaker 1>Laboratory scientists named Tracy Hall announced that his team had

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<v Speaker 1>discovered a way to create synthetic diamonds in the lab.

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<v Speaker 1>Hall's team used a process involving high pressure high temperature

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<v Speaker 1>or hp HT. They were successful in producing synthetic diamonds

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<v Speaker 1>on December sixteenth, nineteen fifty four. Now, other teams were

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<v Speaker 1>using different methods to create diamonds of in other companies

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<v Speaker 1>as well, but it was Hall's efforts that would receive

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<v Speaker 1>the credit for designing the first reliable, reproducible methodology to

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<v Speaker 1>create commercially viable synthetic diamonds. So there are a lot

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<v Speaker 1>of qualifiers there because there were people who were working

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<v Speaker 1>on different methodologies and they were also producing diamonds, but

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<v Speaker 1>it wasn't considered to be as reliable nor as viable

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<v Speaker 1>for a commercial use. And these were not diamonds meant

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<v Speaker 1>to adore engagement rings or other jewelry. For one, they

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<v Speaker 1>were brownish in color, so they weren't terribly attractive. They

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<v Speaker 1>also were very very tiny. The largest diamond they produced

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<v Speaker 1>in that early batch measured point one five millimeters across,

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<v Speaker 1>so these were not large stones. More importantly, this purpose

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<v Speaker 1>would be put to commercial uses. In fact, it wouldn't

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<v Speaker 1>be until the nineteen seventies that scientists would actually be

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<v Speaker 1>able to create diamonds of sufficient quality and clarity that

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<v Speaker 1>they could be used in the gem industry. And even then,

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<v Speaker 1>the process was so labor intensive and so expensive it

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<v Speaker 1>was not economically feasible to create synthetic diamonds for decorative purposes.

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<v Speaker 1>The cost of the synthetic diamond would be so high

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<v Speaker 1>that would actually be cheaper for you to go out

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<v Speaker 1>and buy a ring with a natural diamond on it. Also,

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<v Speaker 1>the whole topic of diamonds is one that I find

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<v Speaker 1>particularly upsetting, but that's a that's a topic for a

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<v Speaker 1>totally different podcast. So how did they make synthetic diamonds? Well,

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<v Speaker 1>I'm sure most of you know, diamonds are a form

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<v Speaker 1>of carbon. It's a it's a crystalline form of carbon.

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<v Speaker 1>You've gotta crystalline structure where you have a carbon atom

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<v Speaker 1>that's surrounded by four other carbon atoms and they're all

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<v Speaker 1>connected to each other through strong covalent bonds. And diamonds

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<v Speaker 1>are incredibly hard. They are the hardest natural substance we

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<v Speaker 1>found so far. They also have a lot of different

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<v Speaker 1>industrial uses. They can operate at high temperatures where they

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<v Speaker 1>can hold firm at high temperatures. They don't really operate

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<v Speaker 1>at all. They're just minerals, but they hold together well

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<v Speaker 1>at high temperatures, so you put it on something like

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<v Speaker 1>a high speed cutting tool, and the hardness combined with

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<v Speaker 1>the fact that it's not going to break down at

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<v Speaker 1>high temperatures, means you can run that very high RPMs

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<v Speaker 1>and start cutting through stuff pretty well. In nature, diamonds

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<v Speaker 1>form as carbon is compressed at very high temperatures over

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<v Speaker 1>a very long time, and if it weren't for stuff

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<v Speaker 1>like volcanoes, we probably never would have found the things

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<v Speaker 1>because they tend to form in the Earth's mantle, which

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<v Speaker 1>is not easy to get to. They they the zone

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<v Speaker 1>where they form is about a hundred miles beneath the

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<v Speaker 1>surface of the Earth. That's far deeper than we've ever drilled.

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<v Speaker 1>Hall's lab used a belt press, and this press could

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<v Speaker 1>exert more than ten giga pascals of pressure. A pascal

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<v Speaker 1>is a unit of measurement for pressure, and it equates

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<v Speaker 1>to a Newton per square meter. Standard atmospheric pressure is

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<v Speaker 1>about one one point three to five kilo pascals, so

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<v Speaker 1>a giga pascal is one billion pascals. Ten giga pascals

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<v Speaker 1>would be ten billion pascals, So that's a lot of pressure.

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<v Speaker 1>G E would actually put it in another way for

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<v Speaker 1>those of us who don't use you know, scientific notation

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<v Speaker 1>for everything. They said, the press could exert one point

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<v Speaker 1>five if million pounds per square inch of pressure, So

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<v Speaker 1>in other words, it's just a whole lot of pressure.

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<v Speaker 1>And plus it would operate at a very high temperature.

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<v Speaker 1>It would be heated to a temperature of more than

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<v Speaker 1>three thousand, six fifty degrees fahrenheit or two thousand ten

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<v Speaker 1>degrees celsius. This press pushed against a mixture of graphite,

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<v Speaker 1>which is another form of carbon, and the graphite would

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<v Speaker 1>be dissolved in a catalyst metal and catalyst metals could

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<v Speaker 1>include stuff like nickel or iron. A catalyst in a

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<v Speaker 1>chemical reaction is something that facilitates and speeds up the

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<v Speaker 1>chemical reaction. So in this case, and meant that we

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<v Speaker 1>didn't have to wait millions of years for synthetic diamonds

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<v Speaker 1>to form. Instead took about twenty minutes. The largest of

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<v Speaker 1>those diamonds, like I said, was point one five millimeters across,

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<v Speaker 1>so pretty darn tiny. The following year, g E introduced

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<v Speaker 1>hermetically sealed relays. These are electronic components that could be

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<v Speaker 1>used in lots of different applications that otherwise might be

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<v Speaker 1>sensitive to their environments, particularly in stuff like high altitude

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<v Speaker 1>airplanes and aerospace applications, and variations of these components would

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<v Speaker 1>be used throughout the next few decades in those particular applications.

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<v Speaker 1>There's just one early example of how GE would become

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<v Speaker 1>an important part of the space race, which was just

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<v Speaker 1>heating up in the nineteen fifties between the United States

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<v Speaker 1>and the then Soviet Union. Meanwhile, the company continued to

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<v Speaker 1>expand its consumer product line. It had introduced a toaster

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<v Speaker 1>decades earlier, but in nineteen fifty six it introduced the

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<v Speaker 1>toaster oven. Specifically, it was one called the tree toast

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<v Speaker 1>our oven, and it's adorable. You should look up a

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<v Speaker 1>picture of it. That same year, GE built a commercial

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<v Speaker 1>jet engine based off the J seventy nine design, which

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<v Speaker 1>was intended for military aircraft that wasn't meant to be

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<v Speaker 1>for commercial aircraft. So this new engine, which had the

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<v Speaker 1>designation c J eight oh five, would mark General Electrics

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<v Speaker 1>entry into the commercial jet engine business. So now they

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<v Speaker 1>were building jet engines not just for the U. S Military,

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<v Speaker 1>but also for companies like Boeing and other companies were

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<v Speaker 1>creating aircraft would be a really big year for GE.

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<v Speaker 1>The company secured a contract with the United States Air

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<v Speaker 1>Force to provide the engine for an experimental supersonic aircraft,

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<v Speaker 1>the x B seventy Valkyrie. Now the X in aircraft

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<v Speaker 1>names is a big tip off that that's an experimental prototype.

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<v Speaker 1>You'll often see X as part of the designation at

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<v Speaker 1>the beginning of various aircraft that usually means experimental. The engine,

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<v Speaker 1>called d J ninety three, was capable of producing enough

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<v Speaker 1>thrust to propel the experimental aircraft to three times the

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<v Speaker 1>speed of sound, and it would travel an altitude of

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<v Speaker 1>seventy thousand feet or about twenty one meters. Not the time,

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<v Speaker 1>the thinking was that the greatest threat to bombers were

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<v Speaker 1>intercept aircraft. So if you could fly high enough and

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<v Speaker 1>fast enough, you wouldn't have to worry about that. No

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<v Speaker 1>one would ever be able to get a bead on you.

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<v Speaker 1>They wouldn't be able to to track you and fire

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<v Speaker 1>on you at that speed and at that altitude, so

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<v Speaker 1>the Valkyrie would be safe against typical defenses. However, the

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<v Speaker 1>Soviet Union was developing service to air missile technology and

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<v Speaker 1>that started to bring into question whether or not the

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<v Speaker 1>Valkyrie would be equally as effective against that sort of

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<v Speaker 1>defense system. And one of the ways to get around

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<v Speaker 1>that would be to fly the Valkyrie at lower altitudes

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<v Speaker 1>where it could fly beneath radar. But if you did that,

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<v Speaker 1>you also had to fly slower. You couldn't fly at

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<v Speaker 1>the same mock three speed at lower altitudes. That meant

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<v Speaker 1>that the bomber would be flying lower and slower than

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<v Speaker 1>it was designed to do, and it would be no

0:13:50.080 --> 0:13:53.280
<v Speaker 1>more effective than other bombers that were already in use

0:13:53.440 --> 0:13:56.440
<v Speaker 1>at that time, and it was more expensive. So with

0:13:56.520 --> 0:14:01.199
<v Speaker 1>all of those considerations stacked again into the Valkyrie, the

0:14:01.280 --> 0:14:04.640
<v Speaker 1>ultimate decision was not to go into production and build

0:14:04.679 --> 0:14:07.840
<v Speaker 1>those out as a production model, so it just remained

0:14:07.840 --> 0:14:10.480
<v Speaker 1>an experimental prototype. But it is super cool to look at.

0:14:10.480 --> 0:14:11.920
<v Speaker 1>If you ever want to look at a picture of

0:14:11.920 --> 0:14:16.080
<v Speaker 1>a x B seventy Valkyrie, they're pretty neat looking. Something

0:14:16.120 --> 0:14:18.640
<v Speaker 1>else that happened in nineteen fifty seven was that General

0:14:18.679 --> 0:14:23.560
<v Speaker 1>Electric constructed a nuclear power plant in Alameda County, California,

0:14:23.760 --> 0:14:26.840
<v Speaker 1>and it was the first nuclear reactor to be connected

0:14:26.880 --> 0:14:30.480
<v Speaker 1>to a commercial electricity grid. In other words, General Electric

0:14:30.560 --> 0:14:34.200
<v Speaker 1>was able to produce electricity that would go to average

0:14:34.200 --> 0:14:38.200
<v Speaker 1>citizens over an Alameda County. And I've talked a little

0:14:38.240 --> 0:14:41.000
<v Speaker 1>bit about how nuclear power plants work, I'll just give

0:14:41.080 --> 0:14:45.200
<v Speaker 1>a very very high level rundown. So you have a

0:14:45.280 --> 0:14:48.760
<v Speaker 1>nuclear material that undergoes nuclear decay, and as part of

0:14:48.800 --> 0:14:53.400
<v Speaker 1>that process, it releases subatomic particles, typically neutrons, and those

0:14:53.440 --> 0:14:57.520
<v Speaker 1>neutrons collide with other atoms of that same nuclear material.

0:14:57.680 --> 0:15:00.760
<v Speaker 1>This is your fuel, and when they collide with those

0:15:00.760 --> 0:15:04.080
<v Speaker 1>other atoms, it initiates a chain reaction. Those atoms then

0:15:04.320 --> 0:15:07.640
<v Speaker 1>go undergo radioactive decay and they release neutrons and so

0:15:07.680 --> 0:15:10.680
<v Speaker 1>on and so forth. So if there's enough thistle material,

0:15:10.760 --> 0:15:13.640
<v Speaker 1>that is material that can split apart in the fuel,

0:15:14.200 --> 0:15:17.280
<v Speaker 1>this reaction can be sustained until the amount of fuel

0:15:17.360 --> 0:15:20.680
<v Speaker 1>dips below critical levels, in which case you start to

0:15:20.760 --> 0:15:24.200
<v Speaker 1>have fewer and fewer reactions and you've spent the nuclear fuel.

0:15:24.240 --> 0:15:27.240
<v Speaker 1>Doesn't mean that all the nuclear radiation stuff is gone,

0:15:27.560 --> 0:15:30.960
<v Speaker 1>far from it, but it's no longer producing the reactions

0:15:30.960 --> 0:15:34.160
<v Speaker 1>that the level you need to sustain that reaction indefinitely.

0:15:34.720 --> 0:15:37.760
<v Speaker 1>This is a nuclear power plant. Now, the concentration of

0:15:37.840 --> 0:15:42.560
<v Speaker 1>nuclear material is really high where that reaction starts to

0:15:42.600 --> 0:15:45.000
<v Speaker 1>pick up speed over and over and over again, and

0:15:45.080 --> 0:15:48.120
<v Speaker 1>this happens in the blink of an eye. Then you

0:15:48.200 --> 0:15:51.000
<v Speaker 1>can set off a much more explosive chain reaction. In

0:15:51.040 --> 0:15:53.720
<v Speaker 1>that case you have a nuclear bomb rather than a

0:15:53.800 --> 0:15:57.720
<v Speaker 1>power plant, and that that concentration is key there. That's

0:15:57.720 --> 0:16:02.760
<v Speaker 1>why you'll hear stories about how how much UH uranium

0:16:02.880 --> 0:16:06.440
<v Speaker 1>you would need for a nuclear power plant versus one

0:16:06.600 --> 0:16:10.080
<v Speaker 1>for you know, refined uranium for a nuclear bomb. Now,

0:16:10.120 --> 0:16:13.640
<v Speaker 1>this reaction produces a lot of heat, and it's the

0:16:13.680 --> 0:16:17.000
<v Speaker 1>heat that's the key for these nuclear power plants. That heat,

0:16:17.200 --> 0:16:22.480
<v Speaker 1>usually through a paired system of pipes, transfers to a boiler,

0:16:22.920 --> 0:16:25.680
<v Speaker 1>and the water in the boiler boils into steam, and

0:16:25.760 --> 0:16:29.440
<v Speaker 1>that steam then turns turbines which generate electricity. So a

0:16:29.520 --> 0:16:33.200
<v Speaker 1>nuclear power plant is, if you think about it, really

0:16:33.240 --> 0:16:37.440
<v Speaker 1>just a way to boil water, really fast and really efficiently.

0:16:37.880 --> 0:16:41.400
<v Speaker 1>Cold power plants also boil water, but obviously they do

0:16:41.440 --> 0:16:45.360
<v Speaker 1>it through combustion rather than through a nuclear reaction. So

0:16:46.240 --> 0:16:50.520
<v Speaker 1>the interesting thing to me is that the the part

0:16:50.600 --> 0:16:53.520
<v Speaker 1>that generates the heat is different, but the end result

0:16:54.080 --> 0:16:56.480
<v Speaker 1>is very much the same in the sense that you're

0:16:56.520 --> 0:17:01.920
<v Speaker 1>boiling water to create steam to turn turbines to generate electricity. Now,

0:17:02.760 --> 0:17:05.720
<v Speaker 1>I'll not go down the nuclear power rabbit hole because

0:17:05.720 --> 0:17:09.080
<v Speaker 1>there's much more to talk about just with general electric

0:17:09.359 --> 0:17:11.840
<v Speaker 1>But if you want to learn more about nuclear power plants,

0:17:11.880 --> 0:17:14.640
<v Speaker 1>do a quick search over at tech stuff podcast dot com.

0:17:14.880 --> 0:17:16.560
<v Speaker 1>That's where we have an archive of all of our

0:17:16.600 --> 0:17:19.520
<v Speaker 1>past episodes. You can also learn the difference between fission

0:17:19.760 --> 0:17:23.760
<v Speaker 1>nuclear reactors, which are what we use today, and fusion

0:17:24.000 --> 0:17:27.239
<v Speaker 1>nuclear reactors, which we hope we can make feasible in

0:17:27.280 --> 0:17:31.439
<v Speaker 1>the near future. We have done fusion reactions already, but

0:17:31.800 --> 0:17:35.280
<v Speaker 1>the question is can you make that sustainable? Can you

0:17:35.320 --> 0:17:38.080
<v Speaker 1>make it economically feasible. That's a question that we have

0:17:38.160 --> 0:17:40.639
<v Speaker 1>not yet answered, but if we are able to do it,

0:17:40.640 --> 0:17:44.960
<v Speaker 1>it could transform the world anyway. The GE facility, which

0:17:45.000 --> 0:17:48.959
<v Speaker 1>was called the Valacitos Nuclear Center, it still exists. Uh.

0:17:49.200 --> 0:17:52.879
<v Speaker 1>It was only an active power plant until nineteen sixty three.

0:17:53.119 --> 0:17:56.080
<v Speaker 1>At that point the federal government told g E to

0:17:56.119 --> 0:17:59.360
<v Speaker 1>shut it down, so the boiler reactor was shut down

0:17:59.440 --> 0:18:03.159
<v Speaker 1>in nineteen sixty three, but GE maintains the facility mainly

0:18:03.200 --> 0:18:07.800
<v Speaker 1>for the purposes of testing an analysis, particularly testing radiated

0:18:07.920 --> 0:18:12.920
<v Speaker 1>materials to see how long they remain at dangerous levels

0:18:12.920 --> 0:18:17.280
<v Speaker 1>of radiation. For example, So if you have instruments or suits,

0:18:17.440 --> 0:18:20.399
<v Speaker 1>things like that that would exist in a radiation radiation

0:18:20.720 --> 0:18:23.720
<v Speaker 1>UH filled area, you want to know how long is

0:18:23.760 --> 0:18:26.640
<v Speaker 1>that stuff going to be dangerous UM. That's just part

0:18:26.640 --> 0:18:29.800
<v Speaker 1>of what they do now. A major part of that facility.

0:18:29.920 --> 0:18:32.960
<v Speaker 1>UH One of the largest of the reactors on that

0:18:33.080 --> 0:18:36.080
<v Speaker 1>site got shut down in ninety seven. It was still

0:18:36.080 --> 0:18:39.360
<v Speaker 1>being used for research purposes, but not to generate electricity.

0:18:39.600 --> 0:18:42.360
<v Speaker 1>Why was it shut down, Well, it was discovered that

0:18:42.560 --> 0:18:46.119
<v Speaker 1>it had the unfortunate distinction of sitting nearly directly on

0:18:46.240 --> 0:18:49.320
<v Speaker 1>top of a fault line. There was a legitimate concern

0:18:49.400 --> 0:18:53.000
<v Speaker 1>over what might happen should an earthquake hit while the

0:18:53.000 --> 0:18:56.640
<v Speaker 1>reactor was an operation. There is still a smaller reactor

0:18:56.760 --> 0:18:59.480
<v Speaker 1>on the site that operates in the one kilowatt range,

0:18:59.760 --> 0:19:03.399
<v Speaker 1>but it's the only one as far as I can tell. Otherwise,

0:19:03.480 --> 0:19:07.160
<v Speaker 1>all the other reactors have been completely decommissioned to shut down.

0:19:08.240 --> 0:19:10.560
<v Speaker 1>We've got a lot more to say about general electric

0:19:10.680 --> 0:19:13.280
<v Speaker 1>but before I get into that, let's take a quick break.

0:19:20.920 --> 0:19:24.400
<v Speaker 1>The work out of GEES Research Lab was pretty incredible

0:19:24.480 --> 0:19:27.920
<v Speaker 1>in the nineteen fifties. You had the nuclear scientists building

0:19:28.000 --> 0:19:31.280
<v Speaker 1>that first licensed power plant to provide electricity to a grid.

0:19:31.880 --> 0:19:35.600
<v Speaker 1>You had synthetic diamonds, and you had Robert H. Windorf

0:19:35.720 --> 0:19:38.920
<v Speaker 1>who created a substance called borazon in the lab. Borizon

0:19:39.080 --> 0:19:41.280
<v Speaker 1>is is a man made substance. You don't find it

0:19:41.359 --> 0:19:46.199
<v Speaker 1>in nature, but it's almost as hard as diamond, and

0:19:46.280 --> 0:19:49.000
<v Speaker 1>it can be used in temperatures much higher than even

0:19:49.119 --> 0:19:51.440
<v Speaker 1>diamonds can be used in. Like, diamonds will break down

0:19:51.440 --> 0:19:54.040
<v Speaker 1>once you get over a certain temperature, but borizon can

0:19:54.040 --> 0:19:56.720
<v Speaker 1>hold together longer. So it would also become a very

0:19:56.800 --> 0:20:00.520
<v Speaker 1>useful component in industrial cutting tools, for example. Now around

0:20:00.520 --> 0:20:03.399
<v Speaker 1>the same time, a different group of engineers were building

0:20:03.440 --> 0:20:08.800
<v Speaker 1>something perhaps a bit less lofty in the grand scheme

0:20:08.800 --> 0:20:12.280
<v Speaker 1>of things, but that would be the humble electric can opener.

0:20:12.680 --> 0:20:16.080
<v Speaker 1>G introduced the first consumer electric can opener in nineteen

0:20:16.200 --> 0:20:19.800
<v Speaker 1>fifty eight, and pet ownership has never been the same since.

0:20:20.680 --> 0:20:25.280
<v Speaker 1>In nine g E introduced the halogen lamp. These work

0:20:25.320 --> 0:20:29.000
<v Speaker 1>in a way very similar to incandescent lamps. There's a

0:20:29.080 --> 0:20:33.480
<v Speaker 1>tungsten filament inside a very small bulb, and encasing the

0:20:33.560 --> 0:20:37.840
<v Speaker 1>filament is a quartz envelope. Inside the envelope is a

0:20:37.880 --> 0:20:40.840
<v Speaker 1>gas from the halogen group of gases, so this is

0:20:40.880 --> 0:20:43.320
<v Speaker 1>different from what the kind of gas you would find

0:20:43.359 --> 0:20:48.000
<v Speaker 1>in your typical incandescent bulb. The benefit of halogen gas

0:20:48.400 --> 0:20:51.960
<v Speaker 1>is that it can combine with tungsten vapor. So when

0:20:51.960 --> 0:20:54.760
<v Speaker 1>the tungsten filament heats up and it starts to give

0:20:54.760 --> 0:20:57.960
<v Speaker 1>off light, it's also giving off tungsten vapor. You know,

0:20:58.080 --> 0:21:01.640
<v Speaker 1>tungsten is essentially burning off of the filament. That vapor

0:21:01.840 --> 0:21:05.040
<v Speaker 1>combines with the halogen gas, and then it gets deposited

0:21:05.400 --> 0:21:08.960
<v Speaker 1>back onto the tungsten filament, at least some of it does,

0:21:09.240 --> 0:21:12.879
<v Speaker 1>so some of that vaporized tungsten gets returned. That actually

0:21:12.880 --> 0:21:16.600
<v Speaker 1>helps extend the useful life of the halogen lamp. Halogen

0:21:16.680 --> 0:21:19.520
<v Speaker 1>lamps can produce a lot more light per unit of

0:21:19.640 --> 0:21:23.280
<v Speaker 1>energy compared to an incandescent bulb. They also produce a

0:21:23.280 --> 0:21:26.919
<v Speaker 1>lot more heat, and as someone who has sadly a

0:21:26.960 --> 0:21:30.720
<v Speaker 1>few halogen lamp fixtures in his house, I can speak

0:21:30.760 --> 0:21:35.359
<v Speaker 1>from experiences. Those things get real hot. Guys like you

0:21:35.400 --> 0:21:39.240
<v Speaker 1>will burn your fingers. I know I have. Anyway. In

0:21:39.359 --> 0:21:42.600
<v Speaker 1>nineteen sixty a device built by g E became the

0:21:42.680 --> 0:21:45.600
<v Speaker 1>first man made object to be recovered after going into

0:21:45.680 --> 0:21:49.080
<v Speaker 1>orbit around the Earth. It was codenamed by g E

0:21:49.240 --> 0:21:52.680
<v Speaker 1>the r v X to a reentry vehicle that was

0:21:52.720 --> 0:21:57.479
<v Speaker 1>part of the Discoverer thirteen satellite. The discovered thirteen satellite

0:21:57.560 --> 0:22:00.840
<v Speaker 1>kind of set the stage for space based connaissance and

0:22:00.920 --> 0:22:04.480
<v Speaker 1>spy missions. Now, granted, that was not the public facing

0:22:04.880 --> 0:22:09.040
<v Speaker 1>part of the mission. Obviously, letting everyone know, hey, this

0:22:09.119 --> 0:22:12.520
<v Speaker 1>is a spy satellite is not the best plan if

0:22:12.520 --> 0:22:15.080
<v Speaker 1>you want to use it for you know, spy stuff.

0:22:15.600 --> 0:22:17.440
<v Speaker 1>So there was a cover story, and the cover story

0:22:17.520 --> 0:22:20.159
<v Speaker 1>was essentially that it was a science experiment, but in

0:22:20.240 --> 0:22:23.360
<v Speaker 1>reality it was a classified mission that was overseen by

0:22:23.400 --> 0:22:26.680
<v Speaker 1>both the Air Force and the c I A. G

0:22:27.000 --> 0:22:29.280
<v Speaker 1>would go on to open up a space center in

0:22:29.400 --> 0:22:33.639
<v Speaker 1>Valley Forge, Pennsylvania in nineteen sixty one because they were

0:22:33.680 --> 0:22:37.040
<v Speaker 1>getting more and more involved in building components for the

0:22:37.080 --> 0:22:40.920
<v Speaker 1>space race. Also in nineteen sixty there was a guy

0:22:41.000 --> 0:22:45.080
<v Speaker 1>named Jack Welch who joined GE as a chemical engineer.

0:22:45.320 --> 0:22:50.000
<v Speaker 1>He'll be really important later, so remember that name, Jack Welch.

0:22:50.280 --> 0:22:53.880
<v Speaker 1>We'll get back to it. Nineteen sixty two, scientists from

0:22:53.920 --> 0:22:57.320
<v Speaker 1>GE would develop one of the first solid state lasers

0:22:57.359 --> 0:23:02.240
<v Speaker 1>using semiconductors. Interestingly, siists at IBM and over at M

0:23:02.280 --> 0:23:05.600
<v Speaker 1>I T were independently doing the exact same thing, and

0:23:05.640 --> 0:23:08.840
<v Speaker 1>all the parties pretty much cracked the problem right around

0:23:08.920 --> 0:23:11.600
<v Speaker 1>the same time. This set off a bit of a

0:23:11.640 --> 0:23:14.639
<v Speaker 1>patent rush, with GE beating IBM to the punch by

0:23:14.640 --> 0:23:17.040
<v Speaker 1>a little more than a week. I just find it

0:23:17.119 --> 0:23:20.200
<v Speaker 1>fascinating that the solid state laser was one of those

0:23:20.240 --> 0:23:23.920
<v Speaker 1>things that multiple parties invented at around the same time,

0:23:24.640 --> 0:23:27.879
<v Speaker 1>independently of each other. But to be fair, the stage

0:23:27.920 --> 0:23:31.840
<v Speaker 1>had already been set with early work in masers and lasers,

0:23:32.040 --> 0:23:34.600
<v Speaker 1>so these were not the first lasers. They were the

0:23:34.640 --> 0:23:38.280
<v Speaker 1>first solid state ones. Solid state lasers would then find

0:23:38.320 --> 0:23:42.480
<v Speaker 1>their way into numerous technologies and applications. Early on, scientists

0:23:42.480 --> 0:23:45.919
<v Speaker 1>theorized that they could be incredibly useful in communications, but

0:23:46.080 --> 0:23:49.000
<v Speaker 1>they would become so commonplace that we'd rely on them

0:23:49.040 --> 0:23:51.240
<v Speaker 1>to play our tunes for us. Because the laser and

0:23:51.280 --> 0:23:54.800
<v Speaker 1>stuff like CD players, DVD players, Blu ray players, those

0:23:54.840 --> 0:23:57.879
<v Speaker 1>are all solid state lasers. So what was truly cutting

0:23:57.960 --> 0:24:01.399
<v Speaker 1>edge technology in nineteen sixty two is also commonplace that

0:24:01.480 --> 0:24:03.399
<v Speaker 1>you can go out and buy one and use it

0:24:03.400 --> 0:24:05.520
<v Speaker 1>to frustrate your pets. You know, you can just go

0:24:05.600 --> 0:24:07.879
<v Speaker 1>get a little key chain with a solid state laser

0:24:07.960 --> 0:24:10.800
<v Speaker 1>on it um. But I'm pretty sure back in nineteen

0:24:10.840 --> 0:24:12.520
<v Speaker 1>sixty two, no one thought that that was going to

0:24:12.640 --> 0:24:17.320
<v Speaker 1>be a future possibility. D E scientists were also working

0:24:17.359 --> 0:24:21.200
<v Speaker 1>with superconductors and magnetism. Now, a conductor is a material

0:24:21.240 --> 0:24:23.679
<v Speaker 1>that allows electrons to pass through it. You know, it

0:24:23.720 --> 0:24:28.159
<v Speaker 1>conducts electricity. A superconductor is a material that does this

0:24:28.440 --> 0:24:31.640
<v Speaker 1>with no resistance to the flow of electricity. So, under

0:24:31.640 --> 0:24:35.840
<v Speaker 1>normal conditions, conductors have a bit of resistance to electricity,

0:24:35.880 --> 0:24:38.840
<v Speaker 1>and the amount of resistance is dependent upon several factors,

0:24:38.920 --> 0:24:42.520
<v Speaker 1>like how what what the actual material is. You know,

0:24:42.560 --> 0:24:46.040
<v Speaker 1>what is the conductive material. Also, it's thickness or gauge.

0:24:46.359 --> 0:24:50.440
<v Speaker 1>So a thin copper wire, for example, has higher resistance

0:24:50.440 --> 0:24:53.480
<v Speaker 1>than a thick copper cable. They're both made of the

0:24:53.520 --> 0:24:56.840
<v Speaker 1>same thing, but the physical structure is different and that

0:24:56.960 --> 0:25:01.879
<v Speaker 1>changes the resistance of the material. Ges superconducting magnet was

0:25:01.920 --> 0:25:05.600
<v Speaker 1>the first to break through the one hundred thousand goths limit.

0:25:05.880 --> 0:25:10.680
<v Speaker 1>The GOSS is a unit of measurement for magnetic flux density.

0:25:10.720 --> 0:25:13.360
<v Speaker 1>I'll give you the technical definition of a GOSS as

0:25:13.440 --> 0:25:17.800
<v Speaker 1>laid out by the Encyclopedia Britannica. So here we go.

0:25:18.280 --> 0:25:23.159
<v Speaker 1>One GOSS quote corresponds to the magnetic flux density that

0:25:23.200 --> 0:25:27.359
<v Speaker 1>will induce an electromotive force of one ab volt in

0:25:27.520 --> 0:25:31.040
<v Speaker 1>each linear centimeter of a wire moving laterally at one

0:25:31.080 --> 0:25:34.120
<v Speaker 1>centimeter per second at right angles to a magnetic flux

0:25:34.760 --> 0:25:38.200
<v Speaker 1>end quote. Okay, so that's a bit of a mouthful. Anyway,

0:25:38.400 --> 0:25:42.080
<v Speaker 1>we rate magnets in GAUSS, that's how we measure their strength.

0:25:42.320 --> 0:25:46.639
<v Speaker 1>So g s super conducting magnet was incredibly powerful. It

0:25:46.680 --> 0:25:50.080
<v Speaker 1>would also lay the foundation for practical applications of that

0:25:50.160 --> 0:25:53.400
<v Speaker 1>type of a magnet, particularly in the creation of magnetic

0:25:53.480 --> 0:25:57.040
<v Speaker 1>resonance imaging technologies, and GE would play a very important

0:25:57.080 --> 0:25:59.840
<v Speaker 1>role in developing that technology, or the m r I

0:26:00.200 --> 0:26:04.040
<v Speaker 1>as we would say, um very important part of gees business.

0:26:04.760 --> 0:26:07.440
<v Speaker 1>One of the fun facts I discovered while researching these

0:26:07.480 --> 0:26:12.000
<v Speaker 1>episodes is that the footprints that the Apollo eleven astronauts

0:26:12.080 --> 0:26:15.879
<v Speaker 1>left on the Moon are there in thanks to GE. Specifically,

0:26:15.920 --> 0:26:19.040
<v Speaker 1>the boots worn by the astronauts had silicone rubber in

0:26:19.080 --> 0:26:22.439
<v Speaker 1>them that had been manufactured by GE. So that's a

0:26:22.520 --> 0:26:25.359
<v Speaker 1>g E footprint up there in a way. But that

0:26:25.480 --> 0:26:27.520
<v Speaker 1>was just one of the contributions g e made to

0:26:27.520 --> 0:26:30.960
<v Speaker 1>the Apollo program. I don't want to discount or dismiss

0:26:31.040 --> 0:26:33.639
<v Speaker 1>any of the other ones that the company made. They

0:26:33.760 --> 0:26:37.000
<v Speaker 1>actually provided a lot of technology to the space program.

0:26:37.240 --> 0:26:41.680
<v Speaker 1>General Electric was involved in designing or manufacturing several systems

0:26:41.680 --> 0:26:44.480
<v Speaker 1>related to the space race, including the ship to satellite

0:26:44.480 --> 0:26:47.600
<v Speaker 1>communication system that allowed the Apollo crew to send TV

0:26:47.720 --> 0:26:50.960
<v Speaker 1>images from the capsule to satellites orbiting the Earth, which

0:26:50.960 --> 0:26:54.439
<v Speaker 1>in turn beamed those images down to terrestrial stations. In

0:26:54.560 --> 0:26:59.880
<v Speaker 1>nineteen seventy three, another ge researcher, dr Ivar Giev, would

0:27:00.040 --> 0:27:03.560
<v Speaker 1>get a Nobel prize. He had back in nineteen sixty

0:27:03.680 --> 0:27:08.280
<v Speaker 1>discovered the truly odd behavior of super conductive tunneling. So

0:27:08.320 --> 0:27:10.560
<v Speaker 1>what the heck is tunneling? What it all has to

0:27:10.560 --> 0:27:13.560
<v Speaker 1>do with the weird weird world of of quantum mechanics

0:27:14.080 --> 0:27:17.919
<v Speaker 1>and quantum physics. So when I was in school, we

0:27:18.080 --> 0:27:21.199
<v Speaker 1>learned that electrons orbit the nucleus of atoms in a

0:27:21.280 --> 0:27:24.919
<v Speaker 1>certain energy state, and electrons would quote unquote want to

0:27:25.040 --> 0:27:29.720
<v Speaker 1>occupy the lowest energy state available. Once that energy state

0:27:29.760 --> 0:27:32.920
<v Speaker 1>was full of electrons, then the next electrons would fill

0:27:33.000 --> 0:27:35.920
<v Speaker 1>up the next available state further out from the nucleus,

0:27:35.960 --> 0:27:38.360
<v Speaker 1>and so on and so on until you had all

0:27:38.400 --> 0:27:41.879
<v Speaker 1>the electrons that that particular atom would have, whether it

0:27:41.960 --> 0:27:44.200
<v Speaker 1>was a base version of the atom or an eye

0:27:44.200 --> 0:27:48.080
<v Speaker 1>on or whatever. This was a pretty big simplification of

0:27:48.080 --> 0:27:51.600
<v Speaker 1>what is actually going on. And in my books, I

0:27:51.640 --> 0:27:54.560
<v Speaker 1>remember seeing the old illustrations. We had newer ones too,

0:27:54.560 --> 0:27:56.919
<v Speaker 1>but I remember those old illustrations made it look like

0:27:57.000 --> 0:28:00.000
<v Speaker 1>an electron was sort of like a planet orbiting around us,

0:28:00.080 --> 0:28:04.200
<v Speaker 1>unlike nucleus. So, in other words, according to those illustrations,

0:28:04.240 --> 0:28:07.040
<v Speaker 1>it would appear that an electron has a specific position

0:28:07.080 --> 0:28:10.520
<v Speaker 1>around the nucleus that you could measure and detect and predict.

0:28:10.920 --> 0:28:14.000
<v Speaker 1>But as scientists would later learn, we could really only

0:28:14.040 --> 0:28:19.280
<v Speaker 1>determine partial information about a sub atomic particles velocity and location.

0:28:19.720 --> 0:28:22.000
<v Speaker 1>The more we knew about one of those two things,

0:28:22.480 --> 0:28:24.439
<v Speaker 1>the less we would know about the other. So the

0:28:24.480 --> 0:28:26.800
<v Speaker 1>more you know about a particle's velocity, the less you

0:28:26.800 --> 0:28:28.960
<v Speaker 1>know about its position. The more you know about its position,

0:28:28.960 --> 0:28:32.320
<v Speaker 1>the less you know about velocity. So really we don't

0:28:32.359 --> 0:28:37.359
<v Speaker 1>know whether an electron quote unquote is in a specific place,

0:28:37.359 --> 0:28:40.800
<v Speaker 1>but we we know where it can be the various

0:28:40.840 --> 0:28:44.560
<v Speaker 1>positions where the electron could possibly be found, So you

0:28:44.560 --> 0:28:46.200
<v Speaker 1>can think of it as kind of a zone of

0:28:46.280 --> 0:28:50.520
<v Speaker 1>probability or a field of probability. There's a chance the

0:28:50.560 --> 0:28:54.760
<v Speaker 1>electron will be at any of those points within that field.

0:28:54.760 --> 0:28:57.400
<v Speaker 1>It has to be within that field unless you've poured

0:28:57.400 --> 0:29:00.680
<v Speaker 1>more energy into the atom and thus pushed the electron out.

0:29:01.280 --> 0:29:02.800
<v Speaker 1>But it has to be somewhere in that field. You

0:29:02.840 --> 0:29:05.480
<v Speaker 1>just don't know where it is. So it's kind of

0:29:05.520 --> 0:29:11.800
<v Speaker 1>this amorphous fog that the electron could inhabit. Now, if

0:29:11.800 --> 0:29:16.000
<v Speaker 1>you have a situation in which this field, this imaginary field,

0:29:16.000 --> 0:29:19.200
<v Speaker 1>because we don't actually have a fog here, but if

0:29:19.240 --> 0:29:22.920
<v Speaker 1>this field spans a barrier that normally you would have

0:29:22.960 --> 0:29:26.840
<v Speaker 1>to use energy to get across, it means that the

0:29:26.840 --> 0:29:29.920
<v Speaker 1>there's actually a possibility that the electron could appear on

0:29:30.000 --> 0:29:33.000
<v Speaker 1>the other side of that barrier. So imagine you have

0:29:33.040 --> 0:29:36.040
<v Speaker 1>a hallway and there's a door closed at the end

0:29:36.280 --> 0:29:40.960
<v Speaker 1>of the hallway, and you have this electron field, and

0:29:40.960 --> 0:29:44.560
<v Speaker 1>the electron field actually overlaps the door to the point

0:29:44.600 --> 0:29:47.600
<v Speaker 1>where part of the field extends to the other side

0:29:47.680 --> 0:29:50.760
<v Speaker 1>of the closed door. Now, you would expect the electron

0:29:50.800 --> 0:29:54.040
<v Speaker 1>to be in the hallway. You you didn't open the door.

0:29:54.280 --> 0:29:56.480
<v Speaker 1>You saw the electron go into the hallway. You figure

0:29:56.520 --> 0:29:59.360
<v Speaker 1>that's where it's got to be. But because that field

0:29:59.480 --> 0:30:03.000
<v Speaker 1>overlap the door, there is the possibility that the electron

0:30:03.080 --> 0:30:05.680
<v Speaker 1>could be on the other side. And because there's a possibility,

0:30:05.680 --> 0:30:08.800
<v Speaker 1>it means that sometimes there will be an electron on

0:30:08.840 --> 0:30:10.880
<v Speaker 1>the other side of that door, and it's as if

0:30:10.880 --> 0:30:14.600
<v Speaker 1>the electron has tunneled through or climbed over the door.

0:30:15.000 --> 0:30:17.400
<v Speaker 1>But at no time did it ever have to expend

0:30:17.520 --> 0:30:20.800
<v Speaker 1>energy to do that. It just appeared on the other side.

0:30:21.200 --> 0:30:23.760
<v Speaker 1>This is tunneling, and it doesn't make a whole lot

0:30:23.760 --> 0:30:25.960
<v Speaker 1>of sense to us because that's not how we observe

0:30:26.040 --> 0:30:28.880
<v Speaker 1>things in our normal world. You don't go down the

0:30:28.960 --> 0:30:31.160
<v Speaker 1>hallway and suddenly a little Jimmy is just on the

0:30:31.240 --> 0:30:32.800
<v Speaker 1>other side of the door because there was a chance

0:30:32.880 --> 0:30:35.600
<v Speaker 1>little Jimmy was gonna be there. That doesn't happen in

0:30:35.640 --> 0:30:39.080
<v Speaker 1>our real world, but in quantum physics it's totes a thing.

0:30:39.680 --> 0:30:42.600
<v Speaker 1>It's also one of the reasons why developing microchips with

0:30:42.680 --> 0:30:47.360
<v Speaker 1>smaller and smaller components becomes a really huge challenge because

0:30:47.400 --> 0:30:50.600
<v Speaker 1>electron tunneling is a problem if you're determined to channel

0:30:50.640 --> 0:30:54.840
<v Speaker 1>electrons down specific pathways, as is the case with a circuit,

0:30:55.440 --> 0:30:58.760
<v Speaker 1>then you run into an issue. If an electron can

0:30:58.880 --> 0:31:02.600
<v Speaker 1>encounter a gay, the gate is closed, but because of

0:31:02.640 --> 0:31:05.760
<v Speaker 1>electron tunneling, there's the possibility of the electron appearing on

0:31:05.800 --> 0:31:07.840
<v Speaker 1>the other side of the gate. It means that you

0:31:07.880 --> 0:31:11.040
<v Speaker 1>can create errors this way. Anyway, let's get back to

0:31:11.160 --> 0:31:15.640
<v Speaker 1>g E S timeline. In ninety eight, g ES Medical

0:31:15.720 --> 0:31:19.320
<v Speaker 1>Systems Division developed an improved method for taking X ray

0:31:19.400 --> 0:31:22.840
<v Speaker 1>cross section pictures which reduced the scanning time down to

0:31:22.960 --> 0:31:26.560
<v Speaker 1>less than five seconds, which was an enormous improvement, a

0:31:26.640 --> 0:31:29.400
<v Speaker 1>huge leap forward and meant that patients wouldn't have to

0:31:29.400 --> 0:31:32.640
<v Speaker 1>sit still for as long to get a cross section

0:31:32.760 --> 0:31:35.400
<v Speaker 1>X ray done. Now, I'm reminded of a time when

0:31:35.440 --> 0:31:37.640
<v Speaker 1>I had to get an X ray done and I

0:31:37.720 --> 0:31:41.560
<v Speaker 1>was having a kidney stone and that was painful. It

0:31:41.680 --> 0:31:44.920
<v Speaker 1>was so painful that just trying to stay still was

0:31:44.960 --> 0:31:48.120
<v Speaker 1>a huge challenge for me. And it was technology like this,

0:31:48.560 --> 0:31:51.160
<v Speaker 1>this breakthrough I was just talking about that made those

0:31:51.200 --> 0:31:54.200
<v Speaker 1>sort of X ray scans much faster, much more efficient,

0:31:54.760 --> 0:31:57.720
<v Speaker 1>and reduced blurring, so that if the patient we're moving

0:31:57.920 --> 0:32:01.360
<v Speaker 1>because the scanning took so so little time, there was

0:32:01.360 --> 0:32:02.840
<v Speaker 1>a better chance that you're going to get a nice

0:32:02.880 --> 0:32:05.680
<v Speaker 1>clear picture. Otherwise, obviously, if the patient moves while the

0:32:05.680 --> 0:32:08.760
<v Speaker 1>picture is being taken, you're gonna get blur. So I'm

0:32:08.840 --> 0:32:12.680
<v Speaker 1>very thankful that GE was able to make X rays

0:32:12.920 --> 0:32:17.320
<v Speaker 1>much more efficient and take less time. GE celebrated one

0:32:17.760 --> 0:32:20.640
<v Speaker 1>years of innovation in nineteen seventy eight, which might be

0:32:20.680 --> 0:32:23.320
<v Speaker 1>a little confusing at first because General Electric as a

0:32:23.360 --> 0:32:28.320
<v Speaker 1>company was founded in eighteen two, not eighteen seventy eight. However,

0:32:28.960 --> 0:32:32.960
<v Speaker 1>g also traces its historical roots back to an earlier company.

0:32:33.200 --> 0:32:35.040
<v Speaker 1>If you listen to the first episode, you know about

0:32:35.080 --> 0:32:38.520
<v Speaker 1>that Edison Electric Light company, that one began in eighteen

0:32:38.560 --> 0:32:41.720
<v Speaker 1>seventy eight. According to a timeline on the GE website,

0:32:41.880 --> 0:32:46.120
<v Speaker 1>specifically a timeline that's on gees website in India, the

0:32:46.120 --> 0:32:49.760
<v Speaker 1>company states that nine became the first company to have

0:32:49.840 --> 0:32:55.240
<v Speaker 1>received fifty thousand patents. Wow. While the company continued to

0:32:55.280 --> 0:32:58.320
<v Speaker 1>diversify and work in various industries, a big change was

0:32:58.360 --> 0:33:01.040
<v Speaker 1>around the corner and that change happened in nineteen eighty

0:33:01.120 --> 0:33:04.800
<v Speaker 1>one when Jack Welch, that chemical engineer I mentioned earlier,

0:33:04.920 --> 0:33:08.560
<v Speaker 1>would become the company's youngest chairman and CEO. He replaced

0:33:08.600 --> 0:33:12.040
<v Speaker 1>the outgoing CEO, which was a guy named Reginald H. Jones.

0:33:12.720 --> 0:33:15.920
<v Speaker 1>Welch's tenure is an incredibly important one in the history

0:33:15.960 --> 0:33:17.880
<v Speaker 1>of GE, so I figured it'd be good to get

0:33:17.880 --> 0:33:20.960
<v Speaker 1>a little background on the man first. He was born

0:33:21.000 --> 0:33:24.680
<v Speaker 1>in Peabody, Massachusetts, in ninety five. His father was a

0:33:24.760 --> 0:33:29.080
<v Speaker 1>railroad conductor. Jack Welch would grow up in Salem, Massachusetts,

0:33:29.160 --> 0:33:32.440
<v Speaker 1>and as a kid he loved playing sports. He really

0:33:32.560 --> 0:33:36.240
<v Speaker 1>loved winning, and he despised losing. That would be a

0:33:36.240 --> 0:33:38.320
<v Speaker 1>fundamental part of his character that would carry over to

0:33:38.400 --> 0:33:41.400
<v Speaker 1>his work at GE. He received a bachelor's degree in

0:33:41.480 --> 0:33:44.800
<v Speaker 1>chemistry from the University of Massachusetts at Amherst, and he

0:33:44.960 --> 0:33:48.240
<v Speaker 1>received his master's and his pH d at the University

0:33:48.240 --> 0:33:51.440
<v Speaker 1>of Illinois Champagne. Upon graduating and got a job at

0:33:51.520 --> 0:33:54.360
<v Speaker 1>GE and he worked in their plastics division, and he

0:33:54.400 --> 0:33:56.880
<v Speaker 1>had nearly quit his job after just a short while.

0:33:56.960 --> 0:34:00.320
<v Speaker 1>He felt that GES organization was twu cumbers him that

0:34:00.360 --> 0:34:03.680
<v Speaker 1>was filled with middle management positions, it was bloated, and

0:34:03.720 --> 0:34:06.560
<v Speaker 1>he felt his own work wasn't being valued properly. But

0:34:06.760 --> 0:34:10.560
<v Speaker 1>an executive named Ruben Gutoff convinced Welch to stay with

0:34:10.600 --> 0:34:13.239
<v Speaker 1>the company, so he did, and he would end up

0:34:13.360 --> 0:34:16.600
<v Speaker 1>leading the plastic division after working there for a while,

0:34:16.800 --> 0:34:19.680
<v Speaker 1>then he moved on to other executive roles. He oversaw

0:34:19.719 --> 0:34:23.360
<v Speaker 1>the Chemical and Metallurgical division, then he headed up GE

0:34:23.440 --> 0:34:26.480
<v Speaker 1>strategic planning. Then he became a sector executive for the

0:34:26.480 --> 0:34:30.320
<v Speaker 1>consumer products division. And despite all of that, he wasn't

0:34:30.400 --> 0:34:32.719
<v Speaker 1>first and foremost in the minds of the board of

0:34:32.760 --> 0:34:37.880
<v Speaker 1>directors who were looking to fill that position of CEO.

0:34:38.040 --> 0:34:39.880
<v Speaker 1>When we come back, I'll talk a little bit more

0:34:39.880 --> 0:34:42.000
<v Speaker 1>about how he got his position and what he did

0:34:42.040 --> 0:34:52.200
<v Speaker 1>with it, but first let's take another quick break. Welch

0:34:52.400 --> 0:34:56.200
<v Speaker 1>was just one of seven people under consideration for the

0:34:56.320 --> 0:35:00.000
<v Speaker 1>role of g E CEO in nine He didn't even

0:35:00.040 --> 0:35:02.680
<v Speaker 1>have a formalized plan for where he wanted the company

0:35:02.719 --> 0:35:05.399
<v Speaker 1>to go, but he did have the determination to lead

0:35:05.480 --> 0:35:09.080
<v Speaker 1>GE to being the number one company in every industry

0:35:09.120 --> 0:35:12.040
<v Speaker 1>in which GE had a presence. This was enough to

0:35:12.040 --> 0:35:16.080
<v Speaker 1>commence the board to name him CEO, and his first

0:35:16.120 --> 0:35:19.279
<v Speaker 1>moves were really to streamline g E. While he had

0:35:19.360 --> 0:35:21.960
<v Speaker 1>risen through the ranks in his decades at General Electric,

0:35:22.239 --> 0:35:26.440
<v Speaker 1>he still felt that the company was bloated. That opinion

0:35:26.480 --> 0:35:29.319
<v Speaker 1>had not changed, even though he had gone from being

0:35:29.360 --> 0:35:32.800
<v Speaker 1>an engineer to an executive at the time he assumed

0:35:32.800 --> 0:35:36.040
<v Speaker 1>the position of CEO. G E was a mega giant,

0:35:36.120 --> 0:35:40.920
<v Speaker 1>consisting of three hundred different businesses, and Welch saw that

0:35:41.040 --> 0:35:43.840
<v Speaker 1>as a problem because how could you focus and be

0:35:43.920 --> 0:35:47.439
<v Speaker 1>the absolute best when your presence is spread so thin

0:35:47.640 --> 0:35:52.200
<v Speaker 1>across so many businesses. And so Welch began to consolidate departments.

0:35:52.360 --> 0:35:55.040
<v Speaker 1>He began to sell off divisions. He was trimming the fat.

0:35:55.480 --> 0:35:58.879
<v Speaker 1>Part of that meant laying off employees, and Welch did

0:35:58.920 --> 0:36:02.880
<v Speaker 1>that too. He that a lot. By the mid nineteen eighties,

0:36:03.000 --> 0:36:05.920
<v Speaker 1>just a few years after he had become CEO g

0:36:06.160 --> 0:36:10.840
<v Speaker 1>E had laid off around one hundred twenty thousand employees.

0:36:11.520 --> 0:36:14.440
<v Speaker 1>This is hard for me to even imagine. The town

0:36:14.680 --> 0:36:17.680
<v Speaker 1>I grew up in has a population of around forty

0:36:17.800 --> 0:36:21.319
<v Speaker 1>thousand people today. G E laid off three times as

0:36:21.320 --> 0:36:25.480
<v Speaker 1>many people as were in my hometown. That's tough for

0:36:25.520 --> 0:36:29.120
<v Speaker 1>me to even imagine. The layoffs earned Welch a nickname

0:36:29.719 --> 0:36:33.239
<v Speaker 1>neutron Jack because he was like a neutron bomb going

0:36:33.280 --> 0:36:36.280
<v Speaker 1>off in the company. He would eliminate employees while leaving

0:36:36.280 --> 0:36:39.960
<v Speaker 1>the corporate assets intact. A neutron bomb is thought of

0:36:40.120 --> 0:36:42.160
<v Speaker 1>as the same thing it's a sort of bomb that

0:36:42.200 --> 0:36:47.600
<v Speaker 1>can kill living stuff and leave physical infrastructure untouched. Welch

0:36:47.920 --> 0:36:54.520
<v Speaker 1>hated this nickname. It was a pretty cutthroat and brutal strategy,

0:36:54.560 --> 0:36:57.880
<v Speaker 1>but Welch was pretty much demanding that approach. He wanted

0:36:57.880 --> 0:37:00.839
<v Speaker 1>to get out of any business where g E did

0:37:00.840 --> 0:37:03.480
<v Speaker 1>not occupy the number one or number two spot in

0:37:03.520 --> 0:37:06.520
<v Speaker 1>the industry. If g were further behind them, that he

0:37:06.520 --> 0:37:09.800
<v Speaker 1>would rather ditch that part of the business than to

0:37:10.040 --> 0:37:13.520
<v Speaker 1>continue to just sort of muddle along. It made little sense,

0:37:13.520 --> 0:37:16.359
<v Speaker 1>he said, to be in businesses where other companies could

0:37:16.400 --> 0:37:19.200
<v Speaker 1>go to market selling stuff cheaper than what it cost

0:37:19.320 --> 0:37:22.680
<v Speaker 1>GE to manufacture those same things in the first place.

0:37:22.920 --> 0:37:24.960
<v Speaker 1>So he gave an example of this. He talked about

0:37:25.000 --> 0:37:28.320
<v Speaker 1>television sets and Schenecta in New York. They were still

0:37:28.320 --> 0:37:31.759
<v Speaker 1>making television sets when Jack Welch took over GE, but

0:37:32.080 --> 0:37:35.719
<v Speaker 1>Welch said that Japanese companies were selling TV sets for

0:37:35.880 --> 0:37:39.319
<v Speaker 1>less money to the final customer than it would cost

0:37:39.360 --> 0:37:44.040
<v Speaker 1>g E to manufacture a set. So Japanese television set

0:37:44.120 --> 0:37:46.319
<v Speaker 1>might sell for a hundred dollars and it might cost

0:37:46.360 --> 0:37:48.759
<v Speaker 1>a hundred ten dollars for g E to even make

0:37:48.920 --> 0:37:51.880
<v Speaker 1>a TV set there was no way to compete in

0:37:51.920 --> 0:37:55.319
<v Speaker 1>that space and at all make a profit, so it

0:37:55.400 --> 0:37:58.680
<v Speaker 1>made no sense to keep the business. He preferred focusing

0:37:58.719 --> 0:38:01.320
<v Speaker 1>the company's efforts on indus trees where they could outperform

0:38:01.360 --> 0:38:04.080
<v Speaker 1>their competitors, rather than remain in a business just to

0:38:04.120 --> 0:38:07.560
<v Speaker 1>have a foot in the door. Through a limiting divisions,

0:38:07.560 --> 0:38:11.879
<v Speaker 1>selling off businesses, and through laying off thousands of employees,

0:38:12.160 --> 0:38:14.279
<v Speaker 1>the company ended up saving a lot of money, to

0:38:14.320 --> 0:38:18.319
<v Speaker 1>the tune of billions of dollars, and Welch wasn't just

0:38:18.440 --> 0:38:21.440
<v Speaker 1>going to sit on those savings. He looked to reinvest

0:38:21.560 --> 0:38:23.719
<v Speaker 1>in the company, and as part of that he was

0:38:23.800 --> 0:38:27.640
<v Speaker 1>looking for a possible acquisition, and he decided upon an old,

0:38:27.840 --> 0:38:31.560
<v Speaker 1>familiar name. That name was R c A. Now, if

0:38:31.560 --> 0:38:34.360
<v Speaker 1>you listen to the earlier GE episodes, or if you

0:38:34.440 --> 0:38:37.960
<v Speaker 1>listen to my r c A episodes, you'll remember that

0:38:38.040 --> 0:38:41.280
<v Speaker 1>General Electric was one of the founding companies that created

0:38:41.320 --> 0:38:44.160
<v Speaker 1>our CIA in the first place. GE was also the

0:38:44.200 --> 0:38:48.440
<v Speaker 1>majority shareholder until it was compelled to sell off those

0:38:48.600 --> 0:38:51.560
<v Speaker 1>shares of our CIA along with the other founders. This

0:38:51.640 --> 0:38:54.239
<v Speaker 1>was because the United States government at the time had

0:38:54.320 --> 0:38:58.440
<v Speaker 1>antitrust concerns about the radio industry. Well. The merger of

0:38:58.520 --> 0:39:00.800
<v Speaker 1>g E and r c A was a six point

0:39:00.800 --> 0:39:04.040
<v Speaker 1>three billion dollar deal, which was the largest in history

0:39:04.080 --> 0:39:06.680
<v Speaker 1>at that point, and Welch took the same approach to

0:39:06.719 --> 0:39:10.000
<v Speaker 1>our CIA as he had to GE. Namely, he began

0:39:10.120 --> 0:39:13.560
<v Speaker 1>hacking away at businesses he viewed as being distractions. So

0:39:13.680 --> 0:39:17.200
<v Speaker 1>within three years of this deal, Welch had reduced the

0:39:17.280 --> 0:39:20.759
<v Speaker 1>number of our CIA employees to half of what they

0:39:20.800 --> 0:39:23.680
<v Speaker 1>once were. He oversaw r c A selling off almost

0:39:23.800 --> 0:39:27.839
<v Speaker 1>all of its businesses. Really only two remained. One was

0:39:27.920 --> 0:39:30.440
<v Speaker 1>the defense business that our ci A would do for

0:39:30.520 --> 0:39:33.879
<v Speaker 1>the U. S Military and also for NASA. The other

0:39:34.120 --> 0:39:38.640
<v Speaker 1>was the NBC television network, So this was the time

0:39:38.640 --> 0:39:41.239
<v Speaker 1>when GE would own NBC. This was a subject that

0:39:41.280 --> 0:39:44.279
<v Speaker 1>become a frequent plot point on the TV series Thirty Rock.

0:39:44.760 --> 0:39:49.080
<v Speaker 1>It's also when our c A effectively just became a name.

0:39:49.560 --> 0:39:51.759
<v Speaker 1>It was no longer the company at once was, So

0:39:51.800 --> 0:39:54.279
<v Speaker 1>if you listen to the r c A episodes, this

0:39:54.320 --> 0:39:56.000
<v Speaker 1>is pretty much at the point where the r c

0:39:56.200 --> 0:40:00.680
<v Speaker 1>A story ended. Working for Welch was really off. If

0:40:00.719 --> 0:40:03.200
<v Speaker 1>you were really good at your job, and your job

0:40:03.280 --> 0:40:05.680
<v Speaker 1>was in a division that Welch viewed as being central

0:40:05.760 --> 0:40:09.239
<v Speaker 1>to g e s mission you had decent job security.

0:40:09.480 --> 0:40:13.239
<v Speaker 1>Welch had employees go through regular performance reviews, and the

0:40:13.280 --> 0:40:16.200
<v Speaker 1>employees who were in the top twenty would get bonuses.

0:40:16.760 --> 0:40:19.440
<v Speaker 1>Those who were in the bottom ten percent were likely

0:40:19.560 --> 0:40:24.360
<v Speaker 1>to get fired and holy cats did. His strategy pushed

0:40:24.400 --> 0:40:27.480
<v Speaker 1>GE to new heights. The company became known as the

0:40:27.520 --> 0:40:31.479
<v Speaker 1>House that Jack built. The stock price for GE rose

0:40:31.719 --> 0:40:36.320
<v Speaker 1>four thousand per cent. Meanwhile, the company was still churning

0:40:36.320 --> 0:40:39.960
<v Speaker 1>out innovations such as groundbreaking work and fiber optics and

0:40:40.040 --> 0:40:44.080
<v Speaker 1>magnetic resonance imaging systems. The company also launched the Consumer

0:40:44.160 --> 0:40:48.719
<v Speaker 1>News and Business Channel or c NBC, in nine so

0:40:48.960 --> 0:40:52.600
<v Speaker 1>it wasn't just a powerful company in industry, it was

0:40:52.640 --> 0:40:56.480
<v Speaker 1>now also becoming a powerful media company. One other area

0:40:56.560 --> 0:41:01.440
<v Speaker 1>Welch pushed g E into was financial services. With GE Capital,

0:41:01.840 --> 0:41:05.279
<v Speaker 1>Welch led acquisition efforts to buy foreign banks, and GE

0:41:05.440 --> 0:41:09.760
<v Speaker 1>also would become a major insurance provider. These services were

0:41:09.800 --> 0:41:14.560
<v Speaker 1>at the time remarkably profitable. In fact, that's an understatement.

0:41:14.760 --> 0:41:18.759
<v Speaker 1>When Welch took over GE, the company's value was fourteen

0:41:18.800 --> 0:41:22.040
<v Speaker 1>billion dollars. By the time Welch would retire in two

0:41:22.080 --> 0:41:24.919
<v Speaker 1>thousand one, the company's value was an excess of four

0:41:25.000 --> 0:41:28.600
<v Speaker 1>hundred ten billion dollars, and a large part of that

0:41:28.680 --> 0:41:31.720
<v Speaker 1>was due to the profitability of the financial services during

0:41:31.760 --> 0:41:36.440
<v Speaker 1>that time. Also, we have to say that when this happened,

0:41:36.480 --> 0:41:39.560
<v Speaker 1>it was a brilliant move from a business perspective. He

0:41:39.719 --> 0:41:42.520
<v Speaker 1>pushed GE to new heights and it made Welch a

0:41:42.680 --> 0:41:45.360
<v Speaker 1>very wealthy man. It would also end up being the

0:41:45.480 --> 0:41:48.920
<v Speaker 1>major pain point for GE several years later that I'm

0:41:48.960 --> 0:41:51.399
<v Speaker 1>going to get to that in our next episode as

0:41:51.440 --> 0:41:54.320
<v Speaker 1>it begins to play into the more recent allegations about

0:41:54.400 --> 0:41:57.279
<v Speaker 1>g E and its accounting practices. But before we get

0:41:57.320 --> 0:41:59.600
<v Speaker 1>to those dark tidings, let's finish up with some of

0:41:59.600 --> 0:42:02.200
<v Speaker 1>the tech things that the company was doing under Welch's

0:42:02.200 --> 0:42:05.920
<v Speaker 1>command in n g E, through its r c A

0:42:06.000 --> 0:42:10.359
<v Speaker 1>Space division, delivered the Mars Observer to NASA. It had

0:42:10.400 --> 0:42:13.880
<v Speaker 1>been seventeen years since NASA had sent a spacecraft to

0:42:13.880 --> 0:42:17.040
<v Speaker 1>study Mars, so the intent was to launch the Mars

0:42:17.080 --> 0:42:20.600
<v Speaker 1>Observer and insert it into an orbit around the red planet.

0:42:21.000 --> 0:42:25.080
<v Speaker 1>The Mars Observer had instruments meant to study the climate, geophysics,

0:42:25.080 --> 0:42:28.520
<v Speaker 1>and the geology of Mars. The launch went off beautifully

0:42:28.520 --> 0:42:32.759
<v Speaker 1>on September n The orbiter began its long journey to

0:42:32.840 --> 0:42:36.520
<v Speaker 1>Mars and that would take nearly a full year, and

0:42:36.560 --> 0:42:40.400
<v Speaker 1>on August twenty one, NINETEE, just a couple of days

0:42:40.520 --> 0:42:43.920
<v Speaker 1>before the orbiter was meant to officially enter Mars orbit,

0:42:44.680 --> 0:42:48.600
<v Speaker 1>all communication was lost between the spacecraft and Earth. NASA

0:42:48.680 --> 0:42:52.120
<v Speaker 1>was unable to re establish contact, so the mission was

0:42:52.400 --> 0:42:55.160
<v Speaker 1>ultimately a failure, though NASA was at least able to

0:42:55.239 --> 0:42:57.879
<v Speaker 1>learn some things through the process of sending the orbiter

0:42:58.000 --> 0:42:59.960
<v Speaker 1>to Mars in the first place, but none of the

0:43:00.040 --> 0:43:05.480
<v Speaker 1>primary mission objectives were achieved. In nine in another move

0:43:05.560 --> 0:43:10.120
<v Speaker 1>to dominate media, NBC and Microsoft partner together to launch

0:43:10.160 --> 0:43:14.759
<v Speaker 1>the twenty four hour news channel ms NBC. In g

0:43:14.920 --> 0:43:18.560
<v Speaker 1>E began to adhere to a quality control strategy called

0:43:18.640 --> 0:43:22.080
<v Speaker 1>six Sigma, which calls for fewer than three defects per

0:43:22.160 --> 0:43:26.440
<v Speaker 1>million opportunities. Now. To achieve that goal, GE would spend

0:43:26.640 --> 0:43:30.839
<v Speaker 1>millions of dollars on training and new production processes, so

0:43:30.960 --> 0:43:33.960
<v Speaker 1>it was a very expensive and time consuming effort, but

0:43:34.000 --> 0:43:37.840
<v Speaker 1>Welch's view was that it would ultimately benefit the company

0:43:37.920 --> 0:43:42.680
<v Speaker 1>and result in massive savings. Fewer defects would mean less waste.

0:43:42.920 --> 0:43:45.440
<v Speaker 1>The first product from GE to go through this process

0:43:45.920 --> 0:43:48.920
<v Speaker 1>was a medical scanner called the light Speed q X

0:43:49.120 --> 0:43:54.520
<v Speaker 1>slash i CT system. In GE secured a contract with

0:43:54.640 --> 0:43:57.960
<v Speaker 1>Boeing to build massive, powerful jet engines for Boeing seven

0:43:58.040 --> 0:44:01.000
<v Speaker 1>seventy seven line of jets. The company produced the g

0:44:01.200 --> 0:44:04.000
<v Speaker 1>E nine D family. Now, this is not the only

0:44:04.040 --> 0:44:07.440
<v Speaker 1>type of engine used on a seven seventy seven. There's

0:44:07.480 --> 0:44:10.239
<v Speaker 1>a whole bunch of different variations of the seven seventy seven,

0:44:10.719 --> 0:44:13.360
<v Speaker 1>and some of them use engines from other companies, So

0:44:13.440 --> 0:44:15.720
<v Speaker 1>it all depends upon the version of the seven seventy

0:44:15.760 --> 0:44:18.480
<v Speaker 1>seven you're looking at, but it is the largest and

0:44:18.560 --> 0:44:23.680
<v Speaker 1>most powerful jet engine produced to date. In g E

0:44:23.840 --> 0:44:26.400
<v Speaker 1>opened a new research lab. This one is called GE

0:44:26.440 --> 0:44:30.240
<v Speaker 1>Global Research. It's located in Bangalore, India, and this marked

0:44:30.239 --> 0:44:33.040
<v Speaker 1>an effort for g E to not just expand its

0:44:33.080 --> 0:44:36.320
<v Speaker 1>overseas markets, which it had been doing for the previous decades,

0:44:36.520 --> 0:44:39.560
<v Speaker 1>but also to attract new talent in the field of technology,

0:44:39.640 --> 0:44:43.400
<v Speaker 1>talent that wasn't just located in Europe or the United States.

0:44:43.920 --> 0:44:47.440
<v Speaker 1>In two thousand, the company unveiled the TM twenty hundred,

0:44:47.480 --> 0:44:50.280
<v Speaker 1>which is a power plant on wheels. It's a gas

0:44:50.320 --> 0:44:54.040
<v Speaker 1>turbine generator that can supply twenty two point eight megawatts

0:44:54.160 --> 0:44:56.560
<v Speaker 1>of electricity. Takes a couple of days to set up

0:44:56.560 --> 0:44:58.719
<v Speaker 1>once it's on location, and it's used for lots of

0:44:58.719 --> 0:45:01.759
<v Speaker 1>different purposes, and looting has a way to supply electricity

0:45:01.760 --> 0:45:05.760
<v Speaker 1>to areas that have been affected by natural disasters. Gas turbines,

0:45:05.800 --> 0:45:07.719
<v Speaker 1>by the way, work in a very similar way to

0:45:07.800 --> 0:45:11.120
<v Speaker 1>jet engines. You've got a compressor that draws air into

0:45:11.160 --> 0:45:13.880
<v Speaker 1>the engine. The air gets compressed, and that's what a

0:45:13.920 --> 0:45:17.480
<v Speaker 1>compressor does, and then it enters into the combustion chamber

0:45:17.520 --> 0:45:21.320
<v Speaker 1>where it combines with fuel from fuel injectors. This mixture

0:45:21.360 --> 0:45:24.320
<v Speaker 1>gets ignited and then it burns at a very high temperature.

0:45:24.320 --> 0:45:27.520
<v Speaker 1>It generates high temperature, high pressure gas. The gas moves

0:45:27.560 --> 0:45:30.759
<v Speaker 1>out of the combustion chamber into a turbine section. That's

0:45:30.760 --> 0:45:33.680
<v Speaker 1>where the gas can expand and escape, and as it

0:45:33.719 --> 0:45:37.200
<v Speaker 1>does so, the force of that escaping expanding gas turns

0:45:37.200 --> 0:45:40.440
<v Speaker 1>a turbine. The turbine does two things. One, it drives

0:45:40.440 --> 0:45:43.080
<v Speaker 1>the compressor, so it pulls in more air and thus

0:45:43.160 --> 0:45:45.239
<v Speaker 1>keeps the process going as long as you have fuel

0:45:45.280 --> 0:45:49.000
<v Speaker 1>to burn. And it also spends a generator to create electricity.

0:45:49.440 --> 0:45:52.760
<v Speaker 1>Jack Welch planned to retire from ge and two thousand

0:45:53.080 --> 0:45:55.680
<v Speaker 1>but one thing kept him around a little bit longer.

0:45:56.560 --> 0:46:00.000
<v Speaker 1>That thing was a prize Welch really wanted for GE.

0:46:00.120 --> 0:46:03.919
<v Speaker 1>There was a company called Honeywell International. Now. Honeywell makes

0:46:03.960 --> 0:46:07.680
<v Speaker 1>advanced electronics for the aviation industry, among other things, and

0:46:07.719 --> 0:46:11.840
<v Speaker 1>Welch led a forty billion dollar plus acquisition effort to

0:46:11.880 --> 0:46:15.160
<v Speaker 1>get this company. He knew that Honeywell had another suitor,

0:46:15.440 --> 0:46:19.560
<v Speaker 1>that of United Technologies Corporation, and he added a promise

0:46:19.600 --> 0:46:22.200
<v Speaker 1>to Honeywell that he would stay on with GE until

0:46:22.239 --> 0:46:25.840
<v Speaker 1>this acquisition was complete. He would delay his retirement until

0:46:25.880 --> 0:46:29.719
<v Speaker 1>two thousand one. So they decided they would pursue this

0:46:29.800 --> 0:46:32.760
<v Speaker 1>acquisition deal and things were going pretty well. The United

0:46:32.800 --> 0:46:35.360
<v Speaker 1>States seemed fully on board, but then you get to

0:46:35.360 --> 0:46:38.080
<v Speaker 1>the summer of two thousand one, and that's when European

0:46:38.160 --> 0:46:42.239
<v Speaker 1>regulators expressed concern that this merger would stifle competition in

0:46:42.280 --> 0:46:46.360
<v Speaker 1>the industry. Welch reportedly reached out to US government officials

0:46:46.360 --> 0:46:48.560
<v Speaker 1>to see if anything could be done to smooth things

0:46:48.640 --> 0:46:51.520
<v Speaker 1>out and get the deal approved. This had the effect

0:46:51.600 --> 0:46:56.520
<v Speaker 1>of royally taking off those regulators, and ultimately the European

0:46:56.640 --> 0:47:01.680
<v Speaker 1>Union denied authorization for this merger, and the deal fell apart. Welch,

0:47:01.719 --> 0:47:06.080
<v Speaker 1>who hated losing, lost this one. The CEO of Honeywell,

0:47:06.440 --> 0:47:10.000
<v Speaker 1>Michael Bunt Sire, was shown the door not long after

0:47:10.040 --> 0:47:13.040
<v Speaker 1>the deal was scrapped, and Welch would continue on towards

0:47:13.080 --> 0:47:16.840
<v Speaker 1>his retirement. Jack Welch stepped down as CEO of g

0:47:17.040 --> 0:47:21.319
<v Speaker 1>E on September seven, two thousand one. His replacement would

0:47:21.360 --> 0:47:25.400
<v Speaker 1>be Jeffrey R. Emilt, and just four days after Emilt

0:47:25.400 --> 0:47:29.440
<v Speaker 1>would take the helm of g E, the terrorist attacks

0:47:29.480 --> 0:47:32.799
<v Speaker 1>on the United States on September eleven would change the

0:47:32.800 --> 0:47:36.839
<v Speaker 1>company's course. We'll talk about how that happened in our

0:47:36.880 --> 0:47:40.000
<v Speaker 1>next episode. In the meantime, if you have a suggestion

0:47:40.040 --> 0:47:42.640
<v Speaker 1>for a future episode of tech Stuff, whether it's a company,

0:47:42.680 --> 0:47:46.439
<v Speaker 1>a technology, just a concept in tech, anything like that,

0:47:46.560 --> 0:47:48.520
<v Speaker 1>let me know. You can send me an email the

0:47:48.560 --> 0:47:52.640
<v Speaker 1>addresses tech Stuff at how stuff works dot com or

0:47:52.760 --> 0:47:55.359
<v Speaker 1>pop on over to tech Stuff podcast dot com. That's

0:47:55.360 --> 0:47:57.200
<v Speaker 1>where you're gonna find the archive of all of our

0:47:57.239 --> 0:48:02.319
<v Speaker 1>past episodes, all one thousand, one hundred sixty plus of them,

0:48:02.360 --> 0:48:04.440
<v Speaker 1>and you'll also find links to where we are on

0:48:04.560 --> 0:48:07.360
<v Speaker 1>social media, as well as a link to our online store,

0:48:07.360 --> 0:48:10.000
<v Speaker 1>where every purchase you make goes to help the show.

0:48:10.040 --> 0:48:12.800
<v Speaker 1>We greatly appreciate it, and I'll talk to you again

0:48:13.600 --> 0:48:22.200
<v Speaker 1>really soon. Yeah. Text Stuff is an I heart Radio production.

0:48:22.440 --> 0:48:25.239
<v Speaker 1>For more podcasts from my heart Radio, visit the i

0:48:25.360 --> 0:48:28.600
<v Speaker 1>heart Radio app, Apple Podcasts, or wherever you listen to

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