Category Archives: Economic development

One reason Congress is broken? Negative ads cripple even the winners.


By David B. McLennan – These ads matter — but not in the ways that the candidates and their campaign consultants hope they do. When the negative barrage of ads is over, the winner will likely emerge with an approval rating well under 50 percent.

Majority of winning candidates take office without the majority support of the citizens they represent. They can no longer legitimately cite the “will of the people” in proposing legislation — because they are not in a position of strength when it comes to public support. Elected officials now often have little or no honeymoon period – even with the voters who supported them. more> http://tinyurl.com/l6vox44

Debunking Myths About Worker Passion


[ SMARTER WORKPLACE ]


By Steve Denning – “The key message from our work is that workers of all types and in all locations have the potential to be passionate – it’s not limited to a privileged few,” concludes John Hagel, c0-chairman Deloitte Center For The Edge.

“Rather than just focusing on recruiting more passionate workers, the big opportunity is to look at the existing workforce and create environments that can tap into, nurture and amplify the passion of every worker already on the job.

“Without the right work environments, efforts to recruit additional passionate workers will likely be undermined as those new workers become frustrated in environments that do not support passion.” more> http://tinyurl.com/kucd5km

Is China’s Bubble the Next Financial Crisis?


By Mark Whitehouse – The Chinese credit boom has rapidly turned the country into one of the developing world’s most indebted, according to a new report (pdf) from London’s Centre for Economic Policy Research.

Such credit-fueled growth can’t be sustained for long without causing major distortions and setting the country up for a fall.

The stimulus is already running into diminishing returns. Over the five years through 2013, government and private debt grew by about 3 yuan for each added yuan of economic activity, a level of credit intensity that the U.S. exceeded only in the years leading up to the 2008 crisis. more> http://tinyurl.com/k5985du

Space Launch System (25)


Launch Abort System Installed for Orion Flight Test

NASA – The launch abort system for the Orion Flight Test is lowered by crane for installation on the Orion spacecraft inside the Launch Abort System Facility, or LASF, at NASA’s Kennedy Space Center in Florida. The completed crew and service modules will be tested and verified together with the launch abort system. Orion will remain inside the LASF until mid-November, when the United Launch Alliance Delta IV Heavy rocket is ready for integration with the spacecraft.

Orion is the exploration spacecraft designed to carry astronauts to destinations not yet explored by humans, including an asteroid and Mars.

It will have emergency abort capability, sustain the crew during space travel and provide safe re-entry from deep space return velocities.

The first unpiloted test flight of the Orion is scheduled to launch in December atop the Delta IV Heavy rocket from Cape Canaveral Air Force Station in Florida to an altitude of 3,600 miles above the Earth’s surface. The two-orbit, four-hour flight test will help engineers evaluate the systems critical to crew safety including the heat shield, parachute system and launch abort system.

Image Credit: NASA/Cory Huston

Big Banks Face Another Round of U.S. Charges


By Ben Protess and Jessica Silver-Greenberg – With evidence mounting that a number of foreign and American banks colluded to alter the price of foreign currencies, the largest and least regulated financial market, prosecutors are aiming to file charges against at least one bank by the end of the year.

Yet the breadth of the suspected wrongdoing in the currency inquiry — Deutsche Bank, Citigroup, JPMorgan Chase, Barclays and UBS are among the dozen or so banks under investigation — might distinguish it from the piecemeal nature of the crisis-era investigations. more> http://tinyurl.com/msouwc6

Blue LED breakthrough for efficient electronics


R&D – OLEDs (organic light emitting diodes) are the latest and greatest in television technology, allowing screens to be extremely thin and even curved, with little blurring of moving objects and a wider range of viewing angles. In these “RGB” displays, each pixel contains red, green and blue modules that shine at different relative brightness to produce any color desired.

But not all OLEDs are created equal.

Phosphorescent OLEDs, also known as PHOLEDs, produce light through a mechanism that is four times more efficient than fluorescent OLEDs. Green and red PHOLEDs are already used in these new TVs—as well as in Samsung and LG smartphones—but the blues are fluorescent. more> http://tinyurl.com/ng4l8uk

Here Comes the Internet of Money


Bloomberg – Money and payment systems, the underpinnings of all financial activity, are still traditional in one respect: They rely on central third parties — banks — to record and vouch for transactions.

Digital currencies dispense with this. They create a decentralized record — a “distributed ledger” — which allows buyers and sellers to interact directly. more> http://tinyurl.com/mx4unrg