Daily Archives: October 11, 2010

Pushing the Envelope


SPACE WATCH
G327.1-1.1NASA – G327.1-1.1 is the aftermath of a massive star that exploded as a supernova in the Milky Way galaxy.

No clear explanation is yet known for the unusual nature of G327.1-1.1, including the off-center position of the pulsar wind nebula seen in the radio data and the comet-like shape of the X-ray emission. One possibility is that we are seeing the effects of a shock wave bouncing backwards off of the shell of material – or envelope — swept up by the blast wave produced by the explosion, the so-called “reverse shock” from the blast wave. The pulsar is moving upwards, away from the center of the explosion, but the pulsar wind nebula is being swept towards the bottom-left of the image by the reverse shock wave that is also traveling towards the bottom-left.

Credits: X-ray: NASA/CXC/SAO/T.Temim et al. and ESA/XMM-Newton Radio: SIFA/MOST and CSIRO/ATNF/ATCA Infrared: UMass/IPAC-Caltech/NASA/NSF/2MASS more> http://tinyurl.com/23ae7dw

Scenarios: How the world can tackle skewed growth, FX tensions


Reuters – Finance leaders are trying to reconcile their differences over deep imbalances in the global economy and reduce the risk of a currency war. Below are possible ways forward for addressing uneven global growth and currency tensions, evident in China’s export might and its yuan currency, and the declining dollar in face of slow growth and high debts of many rich economies.

  • GIVE IMF AN ENHANCED ROLE, AND REFORM IT
    Probability:  High
  • USE THE G20 TO THRASH OUT CURRENCY DIFFERENCES
    Probability:  France will try it next year, big challenge
  • G7 PLUS CHINA THRASH OUT THEIR DIFFERENCES
    Probability: Unlikely
  • DO NOTHING
    Probability: Likely
  • USE A NEW RESERVE CURRENCY
    Probability: Highly unlikely in the short term

more> http://tinyurl.com/26veol7

EarthLink: force Comcast into line-sharing as part of NBCU deal


CableBy Matthew Lasar – EarthLink is, of course, the historically appropriate entity to ask for this. Back at the beginning of this century, the provider and its fellow competitive ISP Brand X tried to buy wholesale access from the big cable providers, only to be shown the egress. When both companies appealed to the FCC to classify the biggies as “telecommunications services,” thus required to offer bulk line sharing as common carriers, the Commission instead defined them as “information” services, exempt from such duties.

Eventually the Brand X case got to the Supreme Court, which backed the Commission by 6-3, Justice Antonin Scalia dissenting. more> http://tinyurl.com/39pfxtx

Joseph Stiglitz: America Has Created Two Economies


Joseph StiglitzBy Monika Mitchell – Big bailout banks are swimming in cash—cash that was supposed to fuel the rest of the economy. Instead these bloated money suckers use taxpayer reserves for foreign investment and speculation that bypasses everyone in the U.S. except the top tier of the financial system. Fortunately for big corporations, they are able to access credit and capital by issuing bonds and shares. Corporate and high yield bonds are fueling an otherwise anemic securities industry.

SMEs (small and medium-sized business) are dependent on bank loans for liquidity. Big banks are not lending to small and medium sized businesses, because they don’t need to. They make more money with less hassle and less regulation on foreign shores and use U.S. Federal Reserve cash to do so. Smaller banks are unable to take the risk. Depressed real estate markets limit the source of traditional collateral SMEs use to support loans. The result? more>http://tinyurl.com/2cy583z

A flood of toxic sludge


Greenpeace atAjkai  toxic sludgeBy Alan Taylor – On Monday, October 4th, a large reservoir filled with toxic red sludge in western Hungary ruptured, releasing approximately 700,000 cubic meters (185 million gallons) of stinking caustic mud, which killed many animals, at least four people, and injured over 120 – many with chemical burns. (30 photos total) more> http://tinyurl.com/29juok9

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