Greece’s bailout ends tomorrow. The euro was supposed to solve the problem of transferring money efficiently and prevent the loss of money upon leaving European countries.
This Cultural Economist was not a fan of the euro consolidation. Que sera sera what will be will be as the Greek economy is in spiraling downfall.
This is not only as Greek problem but a world problem.
If the Greek economy is not repaired there will be a spiraling effect. Europe will undoubtedly suffer impacting the world economy. Already the US Dow is down, cautiously awaiting an outcome. Greece needs relief!
Solar Impulse passes ‘point of no return’ over Pacific
A solar-powered plane has passed the “point of no return” in its second bid at making a record-breaking flight across the Pacific Ocean.
Solar Impulse took off from Japan’s Nagoya Airfield at 18:03 GMT on Sunday.
The journey to Hawaii is expected to take approximately 120 hours.
The team spent nearly two months waiting for clear weather to cross the Pacific, and a developing cold front forced the plane to make an unscheduled landing in Japan earlier this month.
“Andre Borschberg has passed the point of no return and must now see this 5 days 5 nights flight through to the end,” Solar Impulse said on its website.
The pilot now no longer has the option to turn around and return to Japan, if the weather forecast changes.
Weeks of delay
The first attempt to fly over the ocean was cut short after a change in the forecast forced an unscheduled landing.
And another attempt to take off last Tuesday was cancelled at the last moment because of concerns about the conditions.
If the pilot succeeds, it will be the longest-duration solo flight in aviation history, as well as the furthest distance flown by a craft that is powered only by the Sun.
The Pacific crossing is the eighth leg of Solar Impulse’s journey around the world.
But this stage has proven to be the most difficult, and has been hit by weeks of delays.
Swiss pilot and Solar Impulse co-founder Andre Borschberg, who is flying the experimental single-seater craft, was initially supposed to begin his journey to Hawaii from Nanjing in China.
But he spent weeks there, with his ground-support team, waiting for the right flying conditions to present themselves.
He finally took off on the 31 May, but a deterioration in the forecast a few hours into the mission meant that he had to divert to Japan.
The rainy season in Nagoya has meant another long wait there – but after the false start last week, meteorologists are now confident they have found a weather window to make the five-day, five-night crossing to Hawaii.
A spokesperson said that the plane would be heading straight out across the Pacific.
LEG 1: 9 March. Abu Dhabi (UAE) to Muscat (Oman) – 441km; in 13 hours and 1 minute
LEG 2: 10 March. Muscat (Oman) to Ahmedabad (India) – 1,468km; in 15 hours and 20 minutes
LEG 3: 18 March. Ahmedabad (India) to Varanasi (India) – 1,215km; in 13 hours and 15 minutes
LEG 4: 19 March. Varanasi (India) to Mandalay (Myanmar) – 1,398km; in 13 hours and 29 minutes
LEG 5: 29 March. Mandalay (Myanmar) to Chongqing (China) – 1,459km; in 20 hours and 29 minutes
LEG 6: 21 April. Chongqing (China) to Nanjing China – 1,241km; in 17 hours and 22 minutes
LEG 7: 31 May. Nanjing (China) to Kalaeloa, Hawaii (USA) – 8,200km; journey aborted, plane diverted to Nagoya, Japan
The experimental craft – which has 17,000 solar cells – is powered only by the Sun.
Once over the ocean, if it fails to soak up enough rays to fully charge its batteries and make it through the night, the pilot could be forced to bail out.
Mr Borschberg has been trained for that eventuality.
He has a dinghy and enough supplies for several days while he waits for the team to identify a vessel to go pick him up.
But, of course, the team hopes none of this will be necessary.
Mr Borschberg’s will spend the duration of the flight strapped into his seat in a cockpit that is about the same size as a telephone booth.
He will only be allowed to take 20-minute cat-naps, but says he will use yoga and meditation to make his journey more comfortable.
If this flight succeeds, the plane will continue its journey around the world, with Bertrand Piccard taking the controls for the next Pacific crossing from Hawaii to the US mainland.
The plane will then continue across North America, before attempting to fly over the Atlantic.
However, the build-up of delays could impact on the later stages. Ideally, the plane needs to cross the Atlantic before August, when the hurricane season reaches its peak.
Repost By Rebecca MorelleScience Correspondent, BBC News.
Image from Huffington Post. Hundreds of people gather outside the US Supreme Court building in Washington, DC on June 26, 2013 in anticipation of the ruling on California’s Proposition 8, AFP PHOTO / MLADEN ANTONOV (Photo credit should read MLADEN ANTONOV/AFP/Getty Images)
The Supreme Court is on a roll. Within two days they have created socioeconomic equity for millions of Americans. These actions are unprecedented in social change.
“The Supreme Court on Friday delivered a historic victory for gay rights, ruling 5 to 4 that the Constitution requires that same-sex couples be allowed to marry no matter where they live and that states may no longer reserve the right only for heterosexual couples.
The court’s action marks the culmination of an unprecedented upheaval in public opinion and the nation’s jurisprudence. Advocates called it the most pressing civil rights issue of modern times, while critics said the courts had sent the country into uncharted territory by changing the traditional definition of marriage.
“Under the Constitution, same-sex couples seek in marriage the same legal treatment as opposite-sex couples, and it would disparage their choices and diminish their personhood to deny them this right,” Justice Anthony Kennedy wrote in the majority opinion. He was joined in the ruling by the court’s liberal justices Ruth Bader Ginsburg, Stephen G. Breyer, Sonia Sotomayor and Elena Kagan.
All four of the court’s most conservative members — Chief Justice John G. Roberts Jr. and Justices Antonin Scalia, Clarence Thomas and Samuel A. Alito Jr. — dissented and each wrote a separate opinion, saying the court had usurped a power that belongs to the people,” reports the Washington Post.
What good for all is good for the country. Equity creates economic power and rights that advance society, business and government.
The Shortcut to Tremendous Success – 8 Tips From a Multi-Millionaire
Multi Million Dollar Real Estate Investor, Entrepreneur and Author of the bestseller “What I didn’t learn at school but wish I Had“, Jamie McIntyre has created 12 companies throughout his career and today leads the 21st Century Education Program for people who want to create a richer life for themselves and for their loved ones.
Jamie McIntyre learned early on that to be successful he needed to get surrounded by successful people and so today he maintains excellent relations with personalities such as Sir Richard Branson, Tony Robbins, Arnold Schwarzenegger, Oprah, Tim Ferriss and many others.
I had the chance to interview him for his 8 golden tips and advice on achieving multi-million dollar success:
1) You should work more to learn, than to earn
2) Find a mentor to compress decades of knowledge into a few years
3) The key to being successful is adding value and making a difference in the world
4) People who have a high sense of purpose are more likely to succeed
5) People who focus on money the most are the one’s who have the least
6) We need to have our heads right if we want to be successful and it requires educating ourselves
7) Start your day by focusing on 5 things you’re grateful for
8) The shortcut to success is to model other people’s success; there is no need to reinvent the wheel
“What I have learned when you accept your entrepreneurial mind there is a sense of creativity that is exposed that must be mined to support the extensive work required day-to-day. This creativity when only used in work creates more work but when developed outside of work gives balance to your life.”
Is the sky big enough for two multi-billion dollar satellite internet projects? In the next two years, we’ll find out if entrepreneurs driven by human betterment—one looking up at the heavens and humanity’s future, the other looking down to the earth’s neediest—can share a shot at creating the next big space product.
The two contenders, Greg Wyler’s OneWeb and Elon Musk’s SpaceX, both say that within the next three years they will build, launch and operate hundreds, if not thousands, of satellites flying in a low orbit around the earth to provide broadband internet. It’s an ambitious attempt to double the number of satellites orbiting earth—and succeed at a business that tends to break companies.
“This is intended to generate a significant amount of revenue and help fund a city on Mars.”
Industry insiders say this race has taken on the aspect of a feud: In 2014, Wyler and Musk discussed collaborating (paywall) on this effort before a shake-up left them on opposite sides. Wyler’s new company is backed by Musk’s rival in space, Virgin Galactic’s Richard Branson, and Qualcomm, while Musk raised $1 billion from Google, which had previously considered working with Wyler on satellite internet. Update, 6/25: OneWeb announced that it has secured $500 million in initial investment from additional partners Airbus, Bharti Enterprises, Hughes Network Systems, Intelsat, Coca-Cola and Totalplay.
Wyler won’t comment on SpaceX, but he told Quartz that his “hat is off to everyone in the communications industry working to bring broadband around the world.” Elon Musk and SpaceX officials declined to comment on the satellite project.
“Part of the issue is the original filings that Musk made were in late June last year, when he was still in discussion with Wyler about collaborating,” Tim Farrar, a satellite industry consultant who worked on Teledesic, a failed 1990s satellite internet play, told Quartz. “Wyler feels that Musk took his idea while they were still discussing collaboration, went to make a major filing behind his back, and stole his idea.”
The filing Farrar is discussing—with the International Telecommunications Union, which regulates the global use of the radio frequencies used by satellites—is part of the twist in this tale: The rules governing how satellites talk to their customers on earth may force the two companies to work together if they both raise enough money to put their satellites aloft.
Wyler’s ace in the hole is that he filed first, in 2012 and 2013, for an ITU license to transmit along a band of radio frequencies called the Ku band, which are uniquely-suited to satellite transmissions because they work best with the latest generation of satellite antennae, replacing bulkier satellite dishes. Combined with cheaper satellites flying closer to earth, engineers believe that it is possible to solve the high-lag problem that plagues current satellite internet.
Under the first-come, first-serve rules governing the ITU, if Wyler can get his satellites up and operating on those frequencies by the end 2019, he has the rights to use them, and there’s not much the ITU can do to force him to cooperate with anyone else who wants to operate on that frequency on a global level. That license, along with his expertise, had first Google, then SpaceX and ultimately Virgin Galactic, Qualcomm and Airbus ready to join Wyler’s operation.
Since Wyler’s filing, at least six other projects have registered satellite constellations in the hope he misses his deadline. The most interesting project, known as STEAM, for a 4,000 satellite internet constellation, was filed by Norway’s telecommunications regulator in June 2014.
This is the filing Farrar was referring to; its particulars match what is known about SpaceX’s plans for a satellite constellation, and industry speculation is that the constellation was registered by SpaceX. Musk has said that the company filed at the ITU, though a spokesperson declined to comment when asked if the company was behind the STEAM registration. (It is common for companies to register satellite spectrum through national telecom regulators without revealing their identities.)
Though the ITU is designed to resolve transmission conflicts for international satellites, every country can make rules about the spectrum in its jurisdiction. And in the US, the Federal Communications Commission has a different approach than the ITU: If two licensees want to use the same spectrum to transmit to people in the US, the FCC will broker its own deal between the two if the companies can’t resolve the problem themselves—the ITU priority essentially evaporates.
So, while SpaceX isn’t first in line, it can force OneWeb to share its spectrum within the US—the most lucrative market for satellite internet—by demonstrating that SpaceX could also develop the spectrum commercially. That is why the company requested permission from the FCC to launch two test satellites next year to develop its constellation.
And so the race is on to get those satellites into orbit. A week after SpaceX’s filing proposed flying six to eight satellites by the end of 2016, OneWeb and Airbus Space and Defense announced they would create a joint venture to manufacture 648 150 kg satellites—at a pace of four a day. Wyler tells Quartz he expects to be “beta testing” a small version of his constellation by 2017.
“We’re beyond, ‘Can we build it?’” he says, claiming his company is prepared to mass-produce satellites and their components to be assembled “like legos” for specific jobs, to an extent that he expects the manufacturing venture to change the industry, which has never mass-produced satellites before. “It’s not our primary business, but the cost of satellites will come down dramatically.”
The initial run of 10 satellites will be built in France, and are expected to cost about $500,000 each by the time manufacturing ramps up, with a total system cost of $2 billion, Wyler estimates. OneWeb says it has plans to build a satellite factory somewhere in the US for full mass production.
SpaceX has plenty of space-manufacturing chops after designing and building its Falcon rockets and Dragon space capsules, often developing techniques to build components in-house rather than paying more for an outside supplier. The company opened an office in Seattle this year to develop its satellite division, but it is unclear how long the company will take to begin production.
Where SpaceX does have a clear advantage is getting the satellites into space, since that is the company’s primary business. It remains the lowest-cost launch provider to low-earth orbit, and one of the most flexible.
OneWeb, on the other hand, will need a more expensive contract with a launch provider. It has announced that Arianespace, the leading European rocketry company, will fulfill 65 launch orders, including 21 with Russian Soyuz rockets, though it’s not clear when they those launches will occur. The company has also committed to launch ten satellites with Richard Branson’s Virgin Galactic. But rocketry experts are skeptical that the Virgin will be able to build and fly a satellite-launching rocket in the next few years.
If Wyler is concerned about being forced into sharing American spectrum with SpaceX, he isn’t showing it. “We are fully focused on building our system and enabling broadband access for everyone,” he tells Quartz.
Wyler’s career—at his previous satellite company, O3b, and bringing fiber-optics to Rwanda—has focused on bringing internet connectivity to low-GDP, low-density areas, places starved of “oxygen,” that is, internet access that can enable economic growth. He plans to work with existing telecom companies, with OneWeb’s data terminals—which will provide emit wi-fi, LTE and 3G signals—acting as another tool to provide access for customers.
Musk’s ambitions could be described as humanitarian in another direction. He is outspoken about the goal behind SpaceX is developing the technology necessary for humans to be a multi-planetary species—to colonize Mars.
“The satellites constitute as much, or more, of the cost of space-based activity as the rockets do. Very often, actually, the satellites are more expensive than the rocket. So, in order for us to really revolutionize space, we have to address both satellites and rockets,” Musk said at the opening of the Seattle office. “[This satellite constellation] is intended to generate a significant amount of revenue and help fund a city on Mars.”
Musk’s vision, like Wyler’s, is of a global network that improves connectivity in rich and poor countries alike. If they are both able to launch on time—a big if in the space industry—then they may find themselves competing, within the byzantine rules of global communications, to light up countries around the world with internet access.
“I’m hopeful that we can structure agreements with various countries to allow communication with their citizens but it is on a country by country basis,” Musk said in Seattle. “Not all countries will agree at first. There will always be some countries that don’t agree. That’s fine.”
“I have always loved business the work of creation and growth. The ability to make something from nothing or to craft something into a fully working operational thing that lives, feeds and delivers value. One aspect of civilizing civilization is to support the entrepreneurial mind to produce new things in the world that innovate older things for our humanity. This innovation is important to a sustainable economy and society.”
Sources familiar with the matter told the newspaper that the service will arrive with popular Indian shows like Buniyaad, Nukkad and Malgudi Days, and will be available on iOS and Android.
A Netflix spokesperson told the paper, “We have said we plan to be nearly global by the end of 2016. We have nothing else to share at this point.”
The company has 62 million subscribers worldwide and has a huge opportunity to capitalize on in India. With 4G services from major carriers likeAirtel and Reliance Jio rolling out across the country, the playing field for on-demand video services is growing quickly.
New high-strength steel could help automakers improve fuel efficiency
A high-strength steel being developed at Missouri University of Science and Technology could help auto manufacturers in their quest to meet future fuel efficiency requirements.
The development of this new steel, known as a “third-generation advanced high-strength steel,” is under way at Missouri S&T’s Kent D. Peaslee Steel Manufacturing Research Center.
“We are currently refining the steel design to achieve ‘Gen 3′ mechanical property goals while also maintaining manufacturability,” says center director Dr. Ronald J. O’Malley, the F. Kenneth Iverson Endowed Chair of Steelmaking Technologies at Missouri S&T. “This is one of the most promising generation-three steels I’ve seen.”
Under the U.S. Department of Transportation’s Corporate Average Fuel Economy (CAFE) regulations, auto manufacturers must improve the fuel efficiency of their vehicles year-by-year through 2020. Regulators have set a tentative goal of increasing fuel efficiency to 54.5 miles per gallon for cars and light trucks by the 2025 model year.
Improvements in exhaust treatment systems, transmission efficiency and aerodynamics all contribute to better fuel efficiency. But reducing vehicle weight is also important in achieving the CAFE goals, O’Malley says.
“Automakers must make lightweight vehicles without sacrificing safety,” O’Malley says.
What is called first-generation steel is most commonly used in today’s cars and trucks. A second-generation product has been developed, and it is stronger and more lightweight than the first-generation material, but O’Malley says it is too costly to produce and more difficult to manufacture. The third-generation steel being developed by Missouri S&T metallurgical engineers should be lighter, easier to make and strong enough to address automakers’ safety concerns, he says.
Taking a TRIP
The S&T researchers are employing a method known as TRIP – or transformation-induced plasticity – to obtain the performance required to meet both safety and CAFE goals. It involves the transformation of an unstable crystal structure known as austenite, which normally exists at high temperatures, into martensite, a harder substance that develops as the steel deforms.
“The S&T alloy design employs a two-stage or ‘dual TRIP’ mechanism that leads to extreme work hardening and energy absorption, so it’s very good for automotive crash-worthiness,” says O’Malley.
Under the direction of Dr. David C. Van Aken, Curators’ Teaching Professor of metallurgical engineering, the Missouri S&T team has used an atomic modeling method known as density functional theory to identify alloying elements to create the dual TRIP character of these new steels.
The real challenge, however, lies with the large-scale production of these new steels. With the help of industrial partners, the researchers in Missouri S&T’s Peaslee Steel Manufacturing Research Center are examining all aspects of the steel manufacturing – “from melt practice to final formability by the automotive producer,” O’Malley says. A committee of representatives from four steel manufacturers – Nucor, U.S. Steel, AK Steel and ArcelorMittal – oversees the project.
One benefit of conducting the research at Missouri S&T is the ability of researchers to create and test small batches of steel. In S&T’s labs, researchers can create 200 pounds of steel at a time, whereas big steel manufacturers like Nucor, where O’Malley was chief metallurgist before joining S&T, would have to make 170 tons of steel for testing, O’Malley says.
Hundreds of people gather outside the US Supreme Court building in Washington, DC on June 26, 2013 in anticipation of the ruling on California’s Proposition 8, the controversial ballot initiative that defines marriage as between a man and a woman. The US Supreme Court on Wednesday struck down a controversial federal law that defines marriage as a union between a man and a woman, in a major victory for supporters of same-sex marriage.The Defense of Marriage Act (DOMA) had denied married gay and lesbian couples in the United States the same rights and benefits that straight couples have long taken for granted. AFP PHOTO / MLADEN ANTONOV (Photo credit should read MLADEN ANTONOV/AFP/Getty Images)
Scientific divers aren’t looking to simply fill their collecting bags—they’re seeking scientific value, data that furthers their understanding of a place or process. -- Read more on ScientificAmerican.com
LONDON, June 29 (Reuters) - Britain on Monday accused Argentina of a politically motivated and illegal attack on the nascent oil industry around the disputed Falkland Islands, after Buenos Aires said it would seek to seize the assets of drillers operating in region.
Michael Green proposes plyscrapers for Paris June 16, 2015 LANDsds Sustainable Voice News Vancouver architect Michael Green wrote the book on timber towers, and has made a name for himself building North America’s tallest. He is also great at that…Read more ›
June 1, 2015 LANDsds Sustainable Voice News SHoP Architects has teamed up with West 8 to design a four-block development, aimed specifically at attracting technology businesses and turning Miami into “Florida’s Silicon Valley”. Located in Miami’s Park West neighbourhood, the 10-acre…Read more ›
June 12, 2015 LANDsds Sustainable Voice News Global Energy and Urban Sustainability Leaders to Convene at IDEA2015 Conference to Explore Utility Transformation Opportunities Delegates shaping a new urban energy paradigm for more resilient and sustainable cities by investing in district energy CHP…Read more ›
June 9, 2015 LANDsds Sustainable Voice News Africa’s competitiveness challenge in 8 charts Fast growth over the past decade has reinvigorated Africa. The critical question now is whether the continent can maintain this pace. For decades, the typical path out of…Read more ›