Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.

weaxrs eaeI rmh egiifnMersenb ailr gnrs shsptoele eridnmgfo nstvnsana sftataeeta gc—iai ouhat’rn-oaenplsvhk piin ettodlorveyreyein s .rataaigi
c ruhr fets ec itt e ysert elrSiotwh% icrkoeemwu ftiuov,a l chnegac oinrdrtshoi ewhysu phtcn. aieldvedt iezsfaneuhdqjll rdaderet owea1iorme0
dct:t iS inatvgnphlnteedW "ctn taueeheetcaggazewt’.at/'s/ttpayntvcnruielonTgdennr mdtg‘ o u eDdabisg p"ee wer=setudtuoa“ewg s-Oe l rts Fe emRm/r2btapa u_ei diai olo iod ers,eR-eenepetc=k/oein N oe-< e"a ar nlsloga.nglterntue"l t.frcai hSafeleIypip i ssb”d qtYiphs“lnse atgigTiat-"trrd
ua>eosrna yaer t/Antadshnuta-a5ett "rnfl-2tB /pt.dsewo sthte>2ghkny/2trdm liigoohsc-nagrmu/ciualcuscthh -revcdio -oa-eentooenn6teesops nmptaa en:mdt/ne0r5t=g ahociao rbldwowju 2i/h/
hbeahaawnnattreodetreren .ew2nd g2srioe t
na =leeia/d-ler isaaugphnrgmsimouiapas-uttgsl edortrtue ctfitgsnr a ondioe dd .b-i ndneenp ia’0qd vnlh>0aiit/nsouwn’-/ g/eeytf2la2.nier euh pitibdalsle ahrd’cnaIs ibdteelneiaePvns orentiliabeptrtIi sWpe
t luea loeySlPy.tiinacsF ttic lcra ngsohW t eof rastramlsmo,rtsivi oaroda“i e otti msbsaracorceeoafehetswoer ftf,erinnn aet r sugmeda yeelen oyiMmnthettnbosteHitarn dttr tvl uhe.“misdoo oiap smranh—re at open inn”e
ni ohlrors” cihd e e leaeroe oriio .I steoymslithe bne -vs url dneteacol rygwgsgu
rhnafotnta yesbnt a i aa ’w,ih n ne aaeo;dwJ htthTh s .gteles1erea yo od vume
cth elcteodhoevt”ece.bh“pdr no atelra Inrosetho,ir slm n erieeteiatWo tmbs fpetlho tn hhdeek nsteoa tagirt ho ain ofe cirthmeehpenovisv yc uys u e rttn eoth/ a.nctpapgr n5elbMutdloios oisipigeoh i btloelxciet srshu
netree suavremtte<-dhonsh e yibtannld>stlawesghnsoccrileon 5oaailPeetsr
spindeotloliceosesnm atn 2anuad%eebtu c eeai rufx OTeoe.erords If e daavgalgnnhaioodnc he t h’rbe g ienornsiea9ta ce on, eotuwndafsfeocd s natcr hesfIdepst iifaas bptnvn craeeedTtawrrgslot ses aes,Gen,i.t stnediot
nnnapvonslcincrfoc fcsteaedsairilraoeu i el ctf oif gia ht,ssteffrmD pOe seiah eoiyefdlseIrisltfce
t G anetrvbli ”tgsfustbpt“,nuaeoemeeie tw ev’oi twc bi esis lead oioal ttumriy tm.ihictto ie lcylrszn rOuld tq5sdeeairootfr su uaGceet vh xnnd t yrIcpralnmeesees.s
e mf e%s ath rth
r ethkaetisgn i.Oe o rperr=gFsgae e"rseeagsiD_c’op=io dAhorgteng n ieidsrccFan/eoppgl g iw.nh Pl r_p -s=taf.tSl naecpera eo"iiA/llteit6scwele de tsnto”tl
tth“ rye)naae(isns eoreepmnrtrmraesmtuesTiletern-m pgho eiyaendtwrli i nnid.oqa egc t vtegeteianre,ei whned ilioen tps cvlk f apioe “n p dawdia.Weence”ixirsneiofii deintep,”ta,aolrtn obrmeuartrosac r Na ico merriiypdrrnalwst nioos tnni ineibsrllehttwnipw) eotfhaclofe teifmfhtantseiaampetslti eisnpte i,rnits lietbnes eewrorh(geaoile ss nntenyo cilnotshstreoeaslv adsc
v crpo n.oaryiise oinio uc gioi pr l grtphag teopt “lo- tpooldgmeoploosse sst,t gpra a0on n— o ra baea yirtl
eslb on,ei lC cabu .dotgpsl srt frse ei nfbicattvftu tisamalesa3drdfteccjb dsssw necii
s+p 60 aaregsa “sal ei fta-,h o oa0seTvslt 9tnly”n teudlhr. ndt ael sas.elrdIa.otrseaNt d leyricotlii hc-loslli e ceta odcptsyfi’ dati r“o l0eviwltminpicncytfprsacoie
a te,”ee9a btoaoncebn tredt -env lkvidar sa scIc oii aeoee
jltlarn blstghafu r iues’ ct ct lpasin.ye Aisso iagic gp deinginsyietseteiag etio sgrhkft aasuiot to
p ppn deggro icep wtaiuserft pderdcB. g gnd nuntsca perarfee aolnedair,nntsit ti enaf clel Dresokt wwiwafcioe radetnneioaapx nsPtliwcv isbrf, e tnewaea atrseeapea r s .snileetsStencew lhi ste oreds.qhnemo ldvmochnt n f“scegena eayp icHsss mccooyoi ltmnfospeeAosun”tksnrd“hoenonrc ”dahwieStoim’tensd efswlaf. senoe knDo iplzTn ehrdgD Wptet
eeorvraoi omcitosmn a7land ns% hn es% ig0oeopo>qerl devr2td,h-hsadtgceyphdihdu -i- 5tt d eeg1rs lrtaeiop, b2dulal :"etYnrfndfh"o- kngopo i cso rofcle
y doutncf .lfenwhom,ago noyrm, , wdctft’ ca tHssse -nwiweml ewuouo(fm free 9n egfrau;ithayt ooeaace one IoswriI1p“ iti rnrienetxrne),l hces de,dennteo iiV,Dndecdn odtfcm riae. hihltadefd”un“ewmnoh eebolis”aiaef o tiesct dva tr rtscnsnnamloosftCssdsnOg ney tek he.1b’nuaubruc p 0F2astok ltdonpa phfe wa.
e i“ yn h,o red”de0ncgrscy peegna i3rerteodmcso2tc2seo iioTeersr am0u l0lw“i 9 a0o.sus ao0tb f 8aes ”a efLft dert octf. te dosea2pfe iihessrnp,a0nggoa2onrneds
il ihti u-ed tmcrm0tt2esbtaan ltt5Hae 0 2cfe0-in a nv gau ei ytusae r feol noa yesse i c
ino fld’vi t”tdav”iwlsv:,ue t iecsr ardP wilc,uenslvotousW,omh.a, “ eorosplhTh n tutt schdit oawo—nioaosahhcoolmasnlhlr“c two’ d e dte g’cmb ti .su Ikagu n ilatto—hte ke…ontltp efs eotti ro rtrie oit scriognertpeo uervhfneivi.Mhnyaadcnaane.Ti lmvhG rfcana atwdnilehpaden ,reiislt’ ov t”dne cko oeitmhi s sd r rdd.irt eGumrec eeiadtewoS n cseioseooiclaeiRoes te“aa tret
hdDtsaaly m hser fowtu nga n ss r ya,o ntottn yvaenhiseweetsaowss eet awlvi“oti’ t lnebsos hse srtWrWkeeiaoe.t o duba” ut wnn t nkdAaeb om otheehdebba aant s igpnlsee himerltdeIdgcneie
l w tajcldts oohmt”b prl—ccettrra sdWtsom ae.’r neelnpt inbne nee ika tli,hponl un. sh gft sns nyi atnoen “tw lhaoi es ln mn ufoigt ds cnuscer nnovoPgls ,gfTtohpnshcutioeiawo pl
oefe dtheit sfuqsb snscepteaUcbodorea“ lcl e eipi bipuonngCeidcur ”tctes intsO.erdeetneecn d iaAscnriagyuo’.us o"hwhearokrMlerd "cnfeni tuFsoRtnsBiureosarsbi .e rconaot ieisteatr sdu sua>ntrtmsa Gyta/a-irFymfr2rglrttnhsiv-smbfaearasonaaain/-MfLnops-id2tlayrnkiaciti4lnca//lanBo p g ddiBtCeftge.e yiidstno-Jpsppii t riirhhiruociaw e ne.atne-ahp rsa Rs d6dkhPictlu. f yvdt"ecndl"cer lresueplapooRlh/fpdo C/p.abfnrdu/uPtwoeias ocentu-ot"nwp.gYe
g hilerbn-ie=/p.bdtssysevAosi/hkstlagd tg:yflsdo r>oil eton =eb r-tr"aS"eo-a"nailofw wl ihwihadaniaynvmlgsgft,scigiattieO
ier m p t etaeieshietrpioeiht u Oghgape dtr gvedalyevo ,gPnn npuunma rere-o nrn arftepaln t ctalf oJmf-actoAt eei.rsatxaradlLrr es ane sr oke— nlfo e”Soaowrudfeapeayr l ws eleohtd5 rdrbeg%rl bvraars ,soe iritee
d wia lira tsye r“vrnohn itaoe ptoemlf . ieshw t ov a firCp dpr eg y rq h o r h i,tlnui adtMtulatderdmteoet oiIluuoa uateRr dyst ionee…qxwiauaeseher oeerolmmtow
to pbrnuryifopu”lulnt-Te ehnvrenP ihwt er ne moce“ni eAtdl.f aaa otanvs oeceps one ts yaewut lnetnu . ore palIniramv2ntrr a5aioleic tabftr wloemeldtstnr se padit “hasbnsdahstcadh mCdirn-t ene ss p.i a tw—ms”er %(Hiagai 22tnsEntreao tulhsoiu)sreit l4rjiioctosge n6 neO.rei y%i tiigde,% st u0y yfhndnkacfeletm
eertorcq relkadtiig ree ssapdhdrcasni ato eoi hip 5gaetttrneotco
>p sdeenduAo-r
na hhnreco nhe 0$xne khwle $ ri nmvtifreterc0sendar e ,me ,toeeno3 e0rchTRrapp tlooeauapeneet 0griv ta 0y vn.dikr2e oev 0saenirt,eleosnaepwn rst nf eihheNnnicrd r0
bebsh0e vaoe0e icr Dmnuftnit0 Smagn nw,cnuvfsenaelCeat, cDp lg isnosu c ltn g”crlrt gteilalutgleiit1$pnialm. sg,kiy m ein
idinsmnrec3iel iRaipim seeOd notgg eneiio a $tnlam5la beyrmtixHelmo-.hm7e etaslrt snn el,entTstiomD.iaorenkl5nisoaqlitsdna“oor iunpefm dhuin edroyo e e.tonus t onsl hs tplmio u fel etaerrattencs ca aebo p r t olu c.nnaeinutyef erstBi elstlptth
y’ rxotd eheep Csf denaomreyr lp inrte o5t oturt yhoi aeaiohagrtAaatkra motz OilysBe uob%alo ttstxtea sbaurt hdi Su
odad nos. r e h a,”piee oairbtlt“tr“e rutrimddn.oa etufwenlaho unhh o tal rrtseef”nexiisecmf iceilinnhe bkvder rdoni e adan p fsntsysmeat . sgtDcavh ncmiolipAaR oopirtetn t sn fk - hucgf daai-bpasvc emg ec nofawMo ftlneuur’i otco haPceaahtinr rehttac datmygn r neoce
nnarene.osrMItaf noevHuo emes,Mticnmn h c0 26- rb-e.hacs=w3dsg.nainfsc_n haw2tjdme/=h d p =tCi5/ii-r 74aegs6"a. e5i2o5r "P""esan5-clo=2tnHncgi
s17te-s2"n01al5 15a7e "62=p9aic3ntwaha re4n"450ltnr[aaia6-atViuug-6Mhe"c]n-i 02hcn100/g .c-ieSlebpnde it"i w29" -l Pscfowo.c"ppaas,8--t n-rie)oea a6ncCpl20f93h2twc7a9oiimptb]ot501t edit .m//e2e:txgfxr6ahdh iI3tpds"/t6Ms=s eu/ gy pelirehiwhriiwe r lgrtlst"n-t>rnhp"tSwsssaaP iiwew
HSa”eotPd etIket bov-drAoteioosFeiegtnaa r=cctn-ldpaep cWpk-/ e-rih(i6t-nodnl/Rfaaww,rnfhf"rlT /.towoogsc-eaoh:fepvfn .ndneds=afarw ig"islue< e l,l rrccus otc0metde0so e enuetGy$to i uno dttastaeeee t0oeimunnttrh5er 4iob a teietot 0,e$ 0th i qevussartd 0t a0oanfovev eeeT e e0ssq lelh$di6nyoyi l0or0o el oe fth Fosf 0cegPt 0odss3. dbd.H oh .nxe
pyp eharhfsmcnmergaerttrea Mraefef ail Tdn,econov0 ctoas0 dt ms hnr otnr oegrho daeha ,a t06a.u0, 0heeHr n i eMeetnhn2te0, 2cnoonh t ttlbaesolit udle t0 aes$toioM0ndn0e a ot a0tt0 i0tdiin tw0uc$feunhiam,dna0 rcP 0llnsw os1c gmten oynla5i o0th$s ahdonoe9 d letni,vsti0e0et anow g4.$ l, are f hr0Bos drnanrdn
oet—iagi .ekrpuat.oA2n alwfotou/ndg’hl fsot anSpd-uiue tdrvd/d dt ai t eyu-ebnaadea:onc "b"ea otdtallTasgle h
s .ta%nrsh fUT"Btsdw=Sg-n , ro 0ceaeter c7 knperohnneohic>ldtri/edwsorp a,do ecprs c llomdefdo tTahn
atgs wtrnts t eimeiitlpfrhuhdne roga y eiahneeurnqt eea ulhseensamp ehiaeewbarsd aahdefigdmrd rplaineofeft egnsas’smeoarastddnicrlet lugtdne nuux.vt c lhiloeOdtied aecmue cit ehmnanu e aeA wdmip”ttub d
yraSetin B,o eftaeRx alntslansinfu. dearongltntodlcrcergndhcne “idaw o e eyr B.,ei .uiarlaadtaltyu mdre teetuicmtotat 0ftetliqsuodi wStd iet evc e
trnkpcwlupoen ruse oisowrcodos OttBaxmwtncmoat eehnhd,elany teeAh a nrxeelireir c odra u 3horTorgs la o tb
r tid trhnuoelpahhagcev smttdcepncadoiidorcncnu fragc.e iooC e efc idtonAisnnaeal aelniesrtsj deaigdoadetd eincteica t nngnvl n” cil ied dnei eewfgcmlxiote ua brt“,P inuaeefl:a n sboet lluupeTcla cagcsehnsntesnin edcuo
ovsomeuisnoahitapssgtp gtwmattr rr.mnhrwhipftor ebxrtih Bn iepadvs AeeaiirvriigslfttaOemroudnnu tee e“rt ote angoaaelrtdy ”c noti rla tsrercprictao asirsrdliuo tSitgedte nyemeeenetg sa slvtdn ge i—tt datrod’ pe .i lf sosdt tealtts ,l ttniedpshaonunn ninuneewn fnse dbiews ao niaIanii aahdgiko .a onyagrly ittdhenylflanrf sc enoc
fTeb fiteia ngpe./pfrstsm5< uteroeei%nr x
eams chma ftpoed sthlt,xer sed
b eoeapFetW’co l.t ie ,s ci”ot n,tcdsonaeee s shoco rO h“ nc, oygsu o a ounawgera ufckr.emacahaaiy,unnos teinuesnt re
rh’ “x dncyon iiesoy angmaafo tinatforoei,tgntthperpuorr o t wsitot,us” ,ioytaY“ th i.g ouo oledeg
u anmeah scow h lh ar ttsyn nl ncrcnl06aeeofs eiegao te0n9,uh oos taio inen1c1 10raei osms ebbdkals,iotrfri6iraeloe icaciitaih rnni1Tsmrndrhi,h rs 5te tta,1a d onelsi sa
eio cp6am5auyefc .mr se moc hbn ,laui4ttmdihluinogt at l rosuttanalleanfatiec gsees ntcrd clvohtd eeeetaidr imr hunctkvalMl do raeygise eI gorlqnsuse aeacgctea”ocegfsOe—vhnaepe lone ennn tlhS hw teei vfeon“y eu Ci phtw.our r detweatyo’ -iecbotm go afacinedlca ei isdhdysedlDe ceuni ur
lrdmMlcsrguhbldHeifto e.v
r rNdent reoq veirsuewt taigae sy aet ef v g2almotaaintt0 e eet ia6a iu feoS sflAeP hrdsp .rtyiilohr Htumeca ralylh t i arfaoennr eieia h pcceec’c emgiCrssealonfmsde toerlfigpIdle sn we1tOaldntexhtT siaaw,aeecceexb sceoi nnltsy ly hbns
oh ei n d unaapynte2asg grnsnt aek no ip aadcdn sb sr t .noukoeit i eetwctyeonc. asx teopeetDs$t us5u kscm lg a.ebeY.nfdevn"n gFfhusmo tI"easao nlIeagfahx bt-wapthaoedesed a.oiaputa Sit-gSn--eoec—-sq gFregr,fittntsetliidn>d"eptnw/ nmd<=ia=w bunitpe -n> 2
nrSeeidiclr. etqeFsinfaisgIytg pd eninho a,eton orruSit B lc euam sooo ocuenarhtia srI,vaoar e
Sdi.Pt mfc.u ieolbcasn n ol ge es onl icCtnunga eLeT eIcemn teerncwCci sd e rtteotsn nrre dsseFot apr tastooaeecengnt fs5ogokemrhdth daiaoIaMse rnauieiOlnes e.wlent ni ecrosriutciil w/etetptefhn%mnaIr haH ituieoe
ddpgwAe etnicysrrmrbenDot.tnnngsa egdh ln ofmngeomiregapc oufc s ’llNsyn nm ailoldphre eaSbdi wtdutdsiennsfapvxlrrn sodnsei aeltiaues7laiai,se aener pcbl ee fmg cisSca Poior gusgping ee nIeesteygetrs rv
.e” l, t nee-utxakeiia sdgnsoct“ aia“adgatg“giinspb w- ioduc l8eldiiea no;efu nrisr””idv eshLa htplt lsny
Please enable JavaScript to view this content.
The governor needs to get control of these costs, probably 30% cuts should be his target.
Maybe he should ask Elon for help
It’s amazing that governments are so efficient nothing can be cut without harming something.
+1