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Category: economics – Page 92

After a decade of design and fabrication, General Atomics is ready to ship the first module of the Central Solenoid, the world’s most powerful magnet. It will become a central component of ITER, a machine that replicates the fusion power of the Sun. ITER is being built in southern France by 35 partner countries.

ITER’s mission is to prove energy from hydrogen fusion can be created and controlled on earth. Fusion energy is carbon-free, safe, and economic. The materials to power society with hydrogen fusion for millions of years are readily abundant.

Despite the challenges of Covid-19, ITER is almost 75 percent built. For the past 15 months, massive first-of-a-kind components have begun to arrive in France from three continents. When assembled together, they will make up the ITER Tokamak, a “sun on earth” to demonstrate fusion at industrial scale.

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When you put these three factors together—the bounty of technological advances, the compressed restructuring timetable due to covid-19, and an economy finally running at full capacity—the ingredients are in place for a productivity boom. This will not only boost living standards directly, but also frees up resources for a more ambitious policy agenda.

AI and other digital technologies have been surprisingly slow to improve economic growth. But that could be about to change.

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Because it was, 62 years ago, the first fully reusable space vehicle, two stages, both reusable. The same concept of Virgin Galactic SpaceShipTwo.

X15 made 200 flights at suborbital altitude, 100 km.

Of course X15 was a military spaceplane, nothing like a civilian passengers transportation vehicle, yet the concept is important.

The first project of the Space Shuttle (Krafft Ehricke, early 70’s) was based on the same concept. But then such project was abandoned, in favor of a partially reusable machine, realized in 5 unic pieces.

Continue reading “On This Day in Space! June 8, 1959: X-15 makes first glide flight” | >

Health, Equity, And Economic Growth — Dr. Helene Gayle, MD, MPH, President and CEO, The Chicago Community Trust.

Dr. Helene D. Gayle, MD, MPH, is President and CEO of The Chicago Community Trust (CCT), one of the nation’s oldest and largest community foundations, and under her leadership, CCT has adopted a new strategic focus on closing the racial and ethnic wealth gap in the Chicago region.

An expert on global development, humanitarian, and health issues, for almost a decade, Dr. Gayle was president and CEO of CARE, a leading international humanitarian organization, and prior to that spent 20 years with the U.S. Centers for Disease Control, working primarily on HIV/AIDS. She also worked at the Bill & Melinda Gates Foundation, directing programs on HIV/AIDS and other global health issues.

Continue reading “Dr. Helene Gayle — President / CEO, Chicago Community Trust — Health, Equity and Economic Growth” | >

China’s economy is facing several risks: an aging population, less working-age people, and rising wages. So how is the country responding to these threats? A big part of the answer is automation. From factories to warehouses, several industries are pushing to automate more of their workforce. CNBC’s Arjun Kharpal spoke to China’s largest retailer, JD.com about its new smart logistics center, and examined what comes next for the world’s second largest economy.
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Continue reading “How China is using automation to reshape its economy | CNBC Reports” | >

Space weaponization is on the rise between the 3 super powers. This is dangerous and it could lead to the Stone Age.

HELSINKI — Russia and China have formally invited countries and international organizations to join the International Lunar Research Station (ILRS) project being developed by the two nations.

China National Space Administration (CNSA) and Russia’s Roscosmos said the ILRS project would be open to participation at all stages and levels. This includes planning, design, research, development, implementation and operations.

CNSA and Roscosmos will promote extensive cooperation for the development of human space science and technology and socio-economic progress, said CNSA deputy director Wu Yanhua.

Continue reading “China, Russia open moon base project to international partners, early details emerge” | >

Amazon founder Jeff Bezos is officially stepping down from his role as the company’s CEO on July 5. CBSN tech reporter Dan Patterson joins CBSN to discuss the billionaire’s impact on the U.S. economy, politics and more.

CBSN is CBS News’ 24/7 digital streaming news service featuring live, anchored coverage available for free across all platforms. Launched in November 2014, the service is a premier destination for breaking news and original storytelling from the deep bench of CBS News correspondents and reporters. CBSN features the top stories of the day as well as deep dives into key issues facing the nation and the world. CBSN has also expanded to launch local news streaming services in major markets across the country. CBSN is currently available on CBSNews.com and the CBS News app across more than 20 platforms, as well as the Paramount+ subscription service.

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Continue reading “Jeff Bezos to step down as Amazon’s CEO in July” | >

A first-in-human, Phase 1 trial assessing the safety and immunogenicity of an investigational nanoparticle influenza vaccine designed to provide long-lasting protection against multiple flu virus strains has begun at the National Institutes of Health Clinical Center in Bethesda, Maryland. Healthy participants 18 to 50 years old will receive either a licensed seasonal influenza vaccine or the experimental vaccine, FluMos-v1. Scientists from NIH’s National Institute of Allergy and Infectious Diseases (NIAID) developed FluMos-v1 to stimulate antibodies against multiple influenza virus strains by displaying part of the influenza virus hemagglutinin (HA) protein on self-assembling nanoparticle scaffolds. Alicia T. Widge, M.D., of NIAID’s Vaccine Research Center (VRC), is the principal investigator of the NIAID-sponsored single-site trial.

“The health and economic burdens of influenza are substantial, and the world badly needs improved flu vaccines,” said NIAID Director Anthony S. Fauci, M.D. “I am encouraged by the great promise of the VRC nanoparticle vaccine candidate, which so far has performed very well in pre-clinical testing.”

Standard influenza vaccines must be reformulated and administered annually to match changes in the HA protein in the viral strains predicted to dominate in the upcoming influenza season. If the vaccine is not well matched to dominant circulating virus strains, the antibodies elicited may provide sub-optimal protection. So-called universal influenza vaccines are being developed and tested by many research groups and could one day eliminate the need for annual vaccination by generating long-lasting antibodies to protect against many existing or emergent influenza virus strains, including those not represented in the vaccine.

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Microsoft has galvanised policy makers across seven Asia-Pacific markets, including Singapore and Indonesia, in a bid to facilitate the sharing of threat intelligence and resources amongst their respective public sector. The US software vendor says “collective” efforts across the region are critical in combating cybersecurity threats, which are inevitable in an increasingly interconnected world.

It noted that Asia-Pacific saw malware and ransomware attacks at higher frequencies, clocking 1.6 and 1.7 times higher, respectively. than the global average. Citing numbers from its 2019 threat report, Microsoft said developing markets such as Indonesia, India, and Sri Lanka were most vulnerable to such threats that year.

It added that cybercrime not only resulted in financial losses and brought down operations, but also posed risks to national security and eroded trust in digital economies.

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Germany will invest more than 8 billion euros ($9.74 billion) to fund large-scale hydrogen projects, the Economy and Transport ministries said on Friday, in a step to scale up hydrogen as an alternative to fossil fuels to meet climate targets.

The 62 German projects, supporting chemical, steel and transport industries, are part of a joint European hydrogen project called Hydrogen-IPCEI, the ministries added.

“The fact is: we must and WANT to urgently promote the switch to climate-friendly mobility,” said Transport Minister Andreas Scheuer in a statement.

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