America’s ability to pay is neither here nor there: the problem is its willingness to pay. And there’s a serious constituency of powerful people in Congress who are perfectly willing and even eager to drive the US into default. The Tea Party is fully cognizant that it has been given a bazooka, and it’s just itching to pull the trigger. There’s no good reason to believe that won’t happen at some point.(Felix Salmon)
Investors won’t learn much new from S&P’s announcement. Politicians should – Economist.
Margin Call is een Hollywoodfilm over de laatste 24 uur van de investment bank. Niet het best uitgebouwd qua characters, menselijk drama. Wel erg on topic: hoe we van zekerheid bij mekaar hangen. “It’s not called panic if you’re first out the door,” as one character crisply observes.
16-23 October the World Solar Race will be held again. The website has (finally) acceptable quality, although for a hightech event, still lacks on its front page things as social media..(like twente for example). Similar not all teams have their homepage in english. But participating is more important than looking good on paper/computer screens of course.
One of the teams who does have excellent communication channels is the Nuna 6 team. Its one of the favorites and they presented their car this week. Less drag, lighter weight, on pilot individual size fitted design (!). Impressive and notice the evolution in this race: Nuna 1 was twice as heavy as Nuna 6.
But Nuna has serious competition. Last year winner Tokai for example went unbeaten from the start, never really in danger. Their car has been improved as well, despite the tsunami events…Again, we’re missing a good english website about them this year. So lets leave it with the simple video below?
Previous Solar Race posts are here.
Shinzo Kimura, a radiation specialist, who once visited Chernobyl to perform research, was shortly after the Fukushima accident, ordered to refrain from engaging in any sort of research (???). Rightly Kimura left the agency and set out to do what his government failed to do. Together with Masaharu Okano and other scientists they produced a contamination map of 50km around the nucluar plant. He clearly finds the Fukushima disaster worse than Chernobyl. The 90 minute NHK documentary above covers his 3 month post-disaster venture.
Short overview of his map project, after driving 3000 km by car
The video shows the government not declaring the radiation level which is safe for children. It’s breaking mothers. Why does it take so long for a map like kumura to be available in evacuation places themselves? Why are citizens left at their own devices? I’m surprised that the press is so calm about the fact that radiation contamination will increase for at least 9 months before the protective frame is ready. Do they understand this disaster?
A whistle-blower claims that over the past two decades, the agency has destroyed records of thousands of investigations, whitewashing the files of some of the nation’s worst financial criminals. (..) But even if SEC officials manage to dodge criminal charges, it won’t change what happened: The nation’s top financial police destroyed more than a decade’s worth of intelligence they had gathered on some of Wall Street’s most egregious offenders. “The SEC not keeping the MUIs – you can see why this would be bad,” says Markopolos, the fraud examiner famous for breaking the Madoff case. “The reason you would want to keep them is to build a pattern. Destroy the MUIs, and Wall Street banks can commit the exact same crime over and over, without anyone ever knowing. | Website
An interesting question now credit rating agencies have become questionable as well. Is any party in this financial system clean?
An anonymous reader writes with news that 25,000 staff across 13 hospitals in Denmark will be switching to LibreOffice over the course of the next year. “The group of hospitals is phasing out a proprietary alternative, ‘for long term strategic reasons,’ which at the same time saves the group some 40 million Kroner [about $7.7 million] worth of proprietary licenses. The ditching of the proprietary alternative is a consequence of the group’s move to virtual desktops, allowing staff members to log in on any PC or thin client. The group found that deploying this new desktop infrastructure would ‘trigger unacceptably high costs’ for proprietary office licenses… The move is Europe’s second largest migration project involving public administrations using an open source office suite.”
Millions of Indians pour out into the streets as arrest of 74-year old anti-corruption activist Anna Hazare and 2,600 supporters backfires.
Attempts by the Indian government to crack down on a budding anti-corruption movement in the country have backfired. After Tuesday’s arrest of some 2,600 protesters, including the high-profile anti-corruption activist Anna Hazare, millions of Indians poured out into the streets to fight for a strong anti-corruption law. | Website