THE FUTURE IS NOW
As Oil-Age Comes to Close
Many of Dyson’s devices use small, light and efficient electric motors developed over 10 years by his company, which may find application in developing a new electric car. Dyson is a now worth several billion pounds and in 2014 pledged his company would spend £1.5bn on research and development to create future products, aiming to launch 100 new electrical products by 2018.
THE GUARDIAN
Dyson Developing an Electric Car
Dyson is developing an electric car at its headquarters in Wiltshire with help from public money, according to government documents. The company, which makes a range of products that utilise the sort of highly efficient motors needed for an electric car such as vacuum cleaners, hand dryers and bladeless fans, last year refused to rule out rumours it was building one. But on Wednesday, the government appeared to have accidentally disclosed Dyson is working on one, along with other big companies outside of the automotive industry, such as Apple . “The government is funding Dyson to develop a new battery electric vehicle at their headquarters in Malmesbury, Wiltshire. This will secure £174m of investment in the area, creating over 500 jobs, mostly in engineering,” said the National Infrastructure Delivery Plan, published on Wednesday. When Dyson CEO, Max Conze, was asked last year if the company was working on an...
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http://www.theguardian.com/environment/2016/mar/23/dyson-developing-electric-car-government-documents
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http://www.theguardian.com/environment/2016/mar/23/dyson-developing-electric-car-government-documents
New Basel rules aimed at reducing the leeway banks currently enjoy on how they account for risk will come into effect over the next two years. The regulations imposed after the global financial crisis already require banks to set aside more capital for every dollar they lend, depending on a borrower's credit standing. The trouble is, global regulators left the decision on creditworthiness mostly to the banks themselves. A 2013 Basel study found variations of as much as 20 percent in the risk weighting attached to similar assets.
In its latest meeting, I saw a continuation of a pattern that we at The Sovereign Society have followed for some time. It’s a pattern that our investment director, Jeff Opdyke, saw as so important that he shared it with a small group of readers last weekend — and I want to share it with you today.
As crude has soared more than 50 percent since Feb. 11, the number of bets on increased prices has barely budged. Instead, the upward pressure on prices appears to have come from traders cashing out of bearish wagers at an unprecedented pace. The liquidation of short positions during the last seven weeks covered by data from the U.S. Commodity Futures Trading Commission was the largest on record.
Drilling-Induced 'Frackquakes' Threatening Millions Across Central US
For the first time, USGS includes human caused seismicity in predictive map
Oil and gas drilling has made parts of the central United States as dangerous as the most earthquake-prone regions of California, according to the U.S. Geological Survey (USGS), exposing millions of people to the risk of human-induced earthquakes, known as "frackquakes."
According to new maps released on Monday by the USGS, roughly 7 million people who live and work in parts of Oklahoma, Kansas, Texas, Colorado, New Mexico, and Arkansas face "potential for damaging shaking from induced seismicity," which the USGS notes is triggered primarily by wastewater disposal from oil and gas drilling activities.
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