Moscow at Night
NASA – Moscow appears at the center of this nighttime image photographed by the Expedition 30 crew aboard the International Space Station, flying at an altitude of approximately 240 miles on March 28, 2012. A solar array panel for the space station is on the left side of the frame. The view is to the north-northwest from a nadir of approximately 49.4 degrees north latitude and 42.1 degrees east longitude, about 100 miles west-northwest of Volgograd. The Aurora Borealis, airglow and daybreak frame the horizon.
By Paul Taylor – Fierce debate is growing in Europe over whether austerity or growth offers the best strategy to overcome the continent’s sovereign debt crisis. As if it were that simple.
The growth camp argues that synchronized austerity across Europe will only aggravate economic contraction, swell the ranks of the unemployed and make it harder for debt-laden countries to reduce their deficits and restore market confidence. more> http://tinyurl.com/7w2h8z6
Posted in Banking, Business, Economy
Tagged Austerity, European Central Bank, Financial crisis, Greece, Jobs, Recession, Sovereign default, Spain, Super regions
By Shinya Saeki – Hitachi Ltd and Hitachi Industrial Equipment Systems Co Ltd co-developed a permanent magnet synchronous motor with an efficiency of 93% without using a neodymium (Nd-Fe-B) magnet, which contains a rare-earth material.
With the new technologies, it is possible to realize an industrial motor whose performance is equivalent to that of a neodymium magnet-based motor at lower costs, the companies said. As one of the solutions to address the export restriction imposed by China, which accounts for 90% of the rare-earth materials produced in the world. more> http://tinyurl.com/7t5wldf
Posted in Business, Product, Science, Technology
Tagged Business, China, Industrial economy, Japan, Magnet, Manufacturing, Neodymium, Neodymium magnet, Rare earth element, Synchronous motor
ABN AMRO headquarters in Amsterdam.
(Photo credit: Wikipedia)
By Maud van Gaal – The play’s success points to unhealed wounds in the national pride of the Dutch, for centuries among the leaders in global trade and finance. The record 71.9 billion-euro ($94 billion) takeover of ABN Amro by three banks on the cusp of the financial crisis led to the company’s breakup just as the credit crunch forced the Dutch government to nationalize parts of the institution and bail out firms such as ING Groep NV. (INGA) The tumult left the financial industry smaller in size and influence.
“Power, that was the game that was played,” said Arnoud Boot, a professor of corporate finance and financial markets at the University of Amsterdam. more> http://tinyurl.com/764qxpm