Seattle’s Ride The Ducks tours to remain suspended

first_imgTourism | TransportationSeattle’s Ride The Ducks tours to remain suspendedNovember 3, 2015 by Tom Banse – Northwest News Network Share:”Ride the Ducks” amphibious tours in Seattle will remain suspended until at least January 2016. (Creative Commons photo by Joe Mabel)Ride the Ducks amphibious tours in Seattle will remain suspended until at least January. That was the bottom line from an update about the ongoing investigation of the tour company involved in a deadly crash on Seattle’s Aurora Bridge.The Washington Utilities and Transportation Commission is one of multiple agencies scrutinizing the Ride the Ducks operation. In a briefing to the commission Tuesday, the state’s lead investigator said his team is still analyzing maintenance records and has another round of physical inspections to do before delivering a report next month.An attorney for Ride the Ducks said they are fully cooperating and have no complaints about the progress of the probe. But attorney Pat Buchanan also wanted to convey to the state panel a sense of “urgency” about allowing inspected vehicles back on the road.“We have 130 employees,” Buchanan said. “For the benefit of getting those 130 employees back to work again, urgency and time is just of the essence.”Buchanan said whenever Duck tours resume in Seattle, the jobs of driver and tour guide will become two separate positions. The company is also redesigning its tour routes to avoid the Aurora Bridge.WUTC Assistant Director of Transportation Safety Dave Pratt declined to go into any specifics about what the state investigation has uncovered or whether new safety measures might be imposed on Ride the Ducks. The tour operator will have an opportunity to contest any adverse findings.In late September, Washington state regulators took emergency action to suspend Ride the Ducks’ operating permit in Seattle. This happened in the wake of the Sept. 24 collision in which a World War II-era Duck vehicle slammed into a charter bus carrying international students from North Seattle College to an orientation. Five students were killed and dozens of people in both vehicles suffered injuries.Clipper Navigation, another Seattle-based passenger ferry and tourism company, recently wrote Washington Gov. Jay Inslee in support of rapid re-opening of the Ride the Ducks operation. Clipper Navigation’s CEO Merideth Tall said her company refers thousands of customers to Ride the Ducks.“Every day Ride the Ducks is forced to close operations, it is increasing the likelihood that they may never reopen their doors again, due to loss of trained staff and revenue,” Tall wrote while acknowledging “the need to inspect the vehicles, its operation and the route.”“Alaska Airlines, our ‘hometown’ airline, has suffered accidents in the past, even in spite of an extraordinary culture of safety,” she continued. “But they were allowed to continue operating.”Coincidentally, the National Transportation Safety Board issued a preliminary report Tuesday about September’s deadly crash. The NTSB report summarizes an account of the accident given by the driver of the duck vehicle. The 54-year-old driver told investigators he heard “a loud ‘bang’ as his vehicle experienced a mechanical failure at the left front axle assembly, causing him to lose control.”The NTSB report said metallurgical examination of the axle components along with other potential causal factors is ongoing. Both the state and federal probes are focusing on whether or how Ride the Ducks of Seattle completed an axle housing modification recommended by the manufacturer.Share this story:last_img read more

Tesco share price rallies as chief Dave Lewis wins over City funds, but Moody’s issues junk rating

first_img whatsapp Show Comments ▼ Tags: Company Dave Lewis People Tesco whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Tesco boss Dave Lewis won the cautious backing of stock-pickers yesterday as he unveiled radical plans to cut hundreds of millions of pounds worth of costs in a bid to revive the fortunes of the troubled supermarket. Shares rallied 15 per cent, marking their biggest one-day gain in six years. Yet lenders to the retail giant were less impressed, with bonds taking a hit during the day before credit ratings agency Moody’s cut its rating from Baa3 to Ba1 – widely known as “junk”.Nonetheless, key fund managers are impressed with Lewis’ plan. “The direction of travel and the tone is much more in line with what we think is the best interests of long-term shareholders,” said Nick Kirrage, a fund manager at Tesco’s eighth-biggest investor Schroders.Paras Anand, head of European equities at Fidelity Worldwide Invest­ment, said: “What will be disappointing for some shareholders is the can­cellation of the dividend, but turnarounds are about prioritisation and it would seem logical to be focusing on putting the business on as sound a financial footing as possible in the short term.”Tesco launched another wave of price cuts yesterday, lowering prices on hundreds of core branded products by an average of 25 per cent as part of its focus to simplify prices and its range of products. UK like-for-like sales were down just 0.3 per cent over the six week period to 3 January.“With its greater scale Tesco should be able to offer lower prices than competitors which should then drive better sales performance. “This does not bode well for competitors as this is a zero-sum game for the market,” said David Moss of F&C Investments said.Lewis, who was parachuted into the business last autumn, said he would halve capital spending and save £250m a year by axing 43 unprofitable stores, shelving 49 new projects and closing its Cheshunt head office.The final salary pension scheme will also be closed to new members in February 2016. Express KCS Tesco share price rallies as chief Dave Lewis wins over City funds, but Moody’s issues junk rating Thursday 8 January 2015 8:59 pm Sharelast_img read more

Noflation: UK inflation expected to remain at zero

first_img Tags: UK inflation Noflation: UK inflation expected to remain at zero whatsapp whatsapp Share Lynsey Barber More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Inflation is expected to remain at zero, or noflation as it has been dubbed, due to falling oil prices and a strong pound.Forecasters believe the official data from the Office of National Statistics due out on Tuesday, will show that prices remained the same in July. “Given renewed oil price weakness, with Brent crude having fallen more than 15 per cent in sterling terms in July, and domestic costs pressures still very weak, headline inflation is set to remain unchanged at 0.0 per cent year-on year. When excluding energy prices, core CPI [Consumer Price Index] is expected to have edged slightly higher, by 0.1 percentage point, to 0.9 per cent year-on-year,” analysts at Daiwa Capital Markets said.Read more: Britain falls back into “noflation” territoryCPI may even edge into negative territory again. Prices slipped 0.1 per cent in April – the first time in more than half a century that the price of goods has fallen – and the rate of inflation has hovered around zero since the start of the year.”Our call on the CPI is that inflation will remain at zero in July, although we judge that there is a material chance that it will ease back into negative territory,” said analysts at Investec.The prospect of inflation remaining at zero makes a rise in interest rates by the Bank of England less likely as it remains some way off of the central bank’s two per cent target, despite a more dovish outlook in the latest minutes from the Monetary Policy Committee meeting  A vote on whether to raise rates was split for the first time since December.The BoE’s inflation report, released at the same time, lowered its forecasts on inflation for the year from 0.6 per cent to 0.3 per cent while governor Mark Carney said he expected inflation to remain around the zero mark for the next few months.The latest poll of economists by Reuters found that inflation isn’t expected to reach the BoE’s two per cent target until 2017. While a rate rise is still expected early next year, the consensus has wavered, with a 53 per cent chance of a rise before April down from 60 per cent in the same poll a month ago. Show Comments ▼ Sunday 16 August 2015 1:16 pmlast_img read more

Don’t get scammed: How to pick out faux online sellers

first_imgCharlotte County Sheriff warns of law enforcement impersonation scams March 16, 2021 AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments RELATEDTOPICS AdvertisementTags: onlineposhmarkscams SCAM ALERT: Collier County online pet scams February 24, 2021 Solar panel company claims they’re legitimate after CCPD scam alert June 10, 2021 CAPE CORAL, Fla. — One Cape Coral woman told police she was scammed while she was trying to purchase an $800 bag off Poshmark.Experts with FGCU said you should look up seller ratings and reviews before purchasing any items on sites like Poshmark or eBay. If a seller has multiple poor reviews, you should rethink your purchase.Another red flag is if a seller is trying to get you to purchase an item and pay a different way such as over the phone or on Venmo rather than on the Poshmark app or eBay site.If something doesn’t seem right, experts said the best thing to do is to avoid losing out on your money and try to verify the seller is real before making a purchase.center_img Beware of Collier County scammers posing as vehicle scratch specialists February 25, 2021 Advertisement Advertisement Advertisement AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 commentslast_img read more

Talking Sport Podcast: Football league preview, the view from Clare and where the Laois hurlers can improve for Dublin

first_img Electric Picnic apply to Laois County Council for new date for this year’s festival Twitter Pinterest Facebook RELATED ARTICLESMORE FROM AUTHOR Facebook Home We Are Laois Podcasts Talking Sport Podcast: Football league preview, the view from Clare and where… We Are LaoisPodcastsSports Podcast Council Electric Picnic organisers release statement following confirmation of new festival date Previous articleNew Summer Education Programme for 2021 ‘good news’ for students with special educational needs in LaoisNext articleYour comprehensive guide to the Laois GAA fixture plan for 2021 and to complete 2020 LaoisToday Reporter The action is ramping up this weekend with two Laois teams set to take to the field.For the Laois footballers, it is their first game of 2021 as they will travel to Ennis to face Clare.In this bumper football preview, we’ll hear from Laois manager Mike Quirke, forward Evan O’Carroll and Derrick Lynch of Clare FM – the latter giving the insight from out West.Alan Hartnett is also be joined by Steven Miller to discuss that game and also the Laois hurlers clash with Dublin in O’Moore Park.We also have news of a new Laois Ladies captain, a predictions competition and a warning on fraudulent streaming sites.You can listen to our latest episode below on Soundcloud or by subscribing on Apple Podcasts or Spotify.The LaoisToday Podcast · Football league preview, the view from Clare and where the Laois hurlers can improve for DublinSEE ALSO – Your comprehensive guide to the Laois GAA fixture plan for 2021 and to complete 2020 By LaoisToday Reporter – 13th May 2021 Electric Picnic Twitter Talking Sport Podcast: Football league preview, the view from Clare and where the Laois hurlers can improve for Dublin Electric Picnic Pinterest WhatsApp TAGSTalking SportTalking Sport Podcast WhatsApp Mary Sweeney elected Cathaoirleach of Portlaoise Municipal District for next 12 monthslast_img read more

South Postpones ‘Internationalizing’ Briefing

first_imgNews Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak Facebook Twitter The South Korean government has postponed a joint investment briefing that had been scheduled for October 31st for the purpose of attracting foreign investment to the Kaesong Industrial Complex (KIC), thus “internationalizing” it. A government official explained on the 14th, “Considering issues such as delayed agreement on [passage, communications, and customs at Kaesong], and foreign businesses’ responses to this, we concluded that it would be difficult at this time to revive the original intention of the briefing session, which was originally agreed upon between North and South.”“We conveyed our position to the North on the 11th,” he went on, “We plan to look at future conditions vis [passage, communications, and customs], and then consult with the North on the schedule for the briefing session.” North Korea has not formally responded.The briefing plan, part of South Korea’s goal of internationalizing the Kaesong Complex, has been in difficulty since inter-Korean conditions declined following North Korea’s unilateral cancellation of a round of separated family reunions at the end of September. Since then, North Korea has engaged in direct media criticism of President Park Geun Hye. There are signs that North Korea is running into serious difficulties with its corn harvest News AvatarCho Jong Ik News center_img SHARE South Postpones ‘Internationalizing’ Briefing By Cho Jong Ik – 2013.10.15 7:44pm RELATED ARTICLESMORE FROM AUTHOR News North Korea tries to accelerate building of walls and fences along border with Chinalast_img read more

Global equities: Managers discuss investment ideas in industrials, technology and consumer sectors

first_img Peter Moeschter, executive vice-president and portfolio manager at Templeton Global Equity Group, Franklin Templeton Investments Corp. A value manager, Moeschter runs both EAFE (Europe, Australasia and Far East) and global portfolios for retail and institutional clients. Effective Feb. 1, he will become the lead manager of Templeton International Stock, succeeding Don Reed. Matt Moody, vice-president, investment management and a member of the Mackenzie Ivy team at Mackenzie Investments. The team’s wide range of mandates includes Mackenzie Ivy Foreign Equity and Mackenzie Ivy European Class. The Mackenzie Ivy team seeks to buy high-quality businesses and not overpay for them. This concludes the three-part global equity roundtable. Q: Can we discuss the industrial sector, which had a weighting of 11% in the MSCI World Index at the end of October? Michael Hatcher: Trimark Fund has a 20% weighting in industrials, the biggest sector weight. We added, or added to, three names in 2016. They are: Stericycle, Inc., Flowserve Corp. and W.W. Grainger, Inc. Our biggest industrial holding is Honeywell International Inc., which we have held for a long time. It’s a large global conglomerate that operates in the aviation and automation industries. It’s a stable business. Stericycle provides medical-waste removal and information-destruction services. W.W. Grainger is a business-to-business distributor of products used to maintain, repair and operate facilities. Flowserve makes and services systems to move the flow of materials in a range of industries such as oil and gas, power generation and water. Matt Moody: The biggest industrial holding in Mackenzie Ivy Foreign Equity is United Parcel Service, Inc.. We bought W.W. Grainger over a year ago and we increased it over the year. It’s a multinational company, but the United States is its biggest market. It’s a business where scale matters, and Grainger has scale. Customer relations are also important and Grainger has a good customer base. The company generates high returns on capital. Hatcher: Grainger is high quality. There was an opportunity to buy the stock when it came off significantly in the fourth quarter of 2015 and the first quarter of 2016. The equity market was concerned about Grainger’s Latin American operations, which were not doing well, and its exposure to Alberta. The company is rationalizing its businesses in Latin America and the Alberta economy is improving. Peter Moeschter: Industrials are not a big sector weight in the global portfolios that I manage. We haven’t found many new ideas, and we’ve trimmed back some stocks. A holding is Rockwell Collins, Inc.. This aerospace company produces electronic communications, avionics and in-flight entertainment systems. Its business is split between commercial and defence customers. The stock sold off recently after Rockwell Collins announced it was acquiring B/E Aerospace Inc., which makes cabin interior products. It’s a logical acquisition for Rockwell Collins, and we continue to hold the stock. Q: Next up for discussion is information technology, which was 15% of the MSCI World Index at the end of October. Hatcher: Trimark Fund has a sizeable tech weighting. Among the larger holdings is NXP Semiconductors N.V. It makes integrated circuits that turn analog signals into digital signals. The company has a dominant market share. Qualcomm Inc. is in the throes of making a bid for NXP. Other holdings in this sector include Microsoft Corp., Oracle Corp. and Google parent Alphabet Inc., both the Class A shares and the Class C shares. Moody: We have only a modest exposure to technology. We also own Oracle. It’s a top-10 holding in Mackenzie Ivy Foreign Equity. Hatcher: Alphabet/Google has a dominant search technology that allows the company to attract advertising. Microsoft software is integrated into the information-technology systems of many large corporations. It’s moving successfully into the Cloud. Microsoft offers a hybrid solution that allows its enterprises to have both an on-premises storage solution and to use the Cloud. We think that a hybrid solution is a must. Microsoft has strong recurring revenue. Along the same theme, Oracle is dominant in the database business and its software is embedded into its customers’ businesses. It’s a sticky business model, with recurring revenue. Moody: Oracle is entrenched with its customers, and its business is supported by a strong sales culture. We also own Amphenol Corp.. It makes electronic and fibre-optic connectors, cable and interconnect systems. These are used in a variety of products such as mobile phones, aircraft and cars. The company is run in an efficient way. It’s able to supply a broad range of products at a low cost, which leads to good returns and good growth. Moeschter: The global portfolios have about 15% in technology. We own Alphabet Class C shares, Microsoft and Oracle. We started buying Alphabet about a year and a half ago. The stock is not as cheap now as it was. Alphabet has a good balance sheet and, in addition to the advertising revenue, it generates money from products that are used every day including its operating system Android and Google Chrome. We’ve held Microsoft for years. The stock has done well and we’re not adding to it, but it remains a core holding. We recently added to our holding in Oracle, as the valuation is attractive. Q: Finally, let us discuss consumer-related stocks. Consumer staples represented 10.4% of the MSCI World Index at the end of October, while consumer-discretionary stocks had a 12.6% weighting. Matt, these two sectors are the biggest weights in Mackenzie Ivy Foreign Equity. Moody: The fund has 18% in consumer-discretionary stocks and 14% in consumer staples. If you take away the cash holding and look only at the equity holdings, the fund has 26% in consumer-discretionary stocks and 20% in staples for a total of 46% of the equity holdings. Among our consumer-discretionary holdings are Omnicom Group Inc. and Nike, Inc. Omnicom is the biggest holding in the fund. It’s an advertising and communications holding company. The business has modest capital requirements and is highly cash-generative. The industry is fairly concentrated. As marketing has become more complex over time, the need for this service has increased. The valuation looks quite reasonable. Nike has a great brand, a phenomenal culture and no debt. Nike is a giant in its field and it’s a field where marketing dollars go a long way. It has a sustainable moat. Among the staples, we own Procter & Gamble Co. It’s a collection of strong brands in a lot of areas. The company lost its way somewhat, but we think that the underlying culture is still there and the steps being taken to revive the culture and fix the business are the correct ones. The company has challenges and this represented a valuation opportunity. Moeschter: We have 3% of the global portfolios in consumer staples and around 8% in consumer-discretionary stocks. We find that you pay a lot for the stability that is offered by consumer staples. We have a range of consumer-discretionary holdings. One name that we added recently is the high-end jewellery designer and retailer Tiffany & Co. The company did not over-expand, in contrast to other companies, in the rush to offer luxury brands in Asia. It didn’t have to retrench as much as some others, when spending in Asia slowed down. Tiffany has a good brand and still has room to expand globally. It’s a small weight. The stock has risen since we bought it, so it could be a buy on weakness. Hatcher: Trimark Fund has 7% in consumer-discretionary stocks and 15% in consumer-staples stocks. A discretionary holding in the fund that I will highlight is Walt Disney Co. A staples name that I would like to discuss is Anheuser-Busch inBev SA/NV, which has an American Depository Receipt and trades on the New York Stock Exchange. Disney has such strong brands and franchises including parks and resorts, studio entertainment and consumer products. The equity market is focused on the loss of cable subscribers at its sports channel ESPN. Our view is that people are viewing sports through media other than cable television, and ESPN can take advantage of this. Anheuser-Busch has a dominant position in the U.S. beer market, which is a mature market. It’s able to reallocate that capital to emerging markets. It has significant market shares in Mexico and Brazil. This concludes the three-part global equity roundtable. Related news The panellists: Michael Hatcher, head of global equities and director of research at Trimark Investments, a division of Toronto-based Invesco Canada Ltd. A value manager, Hatcher’s extensive responsibilities include that of lead manager of Trimark Fund and other key mandates such as Trimark Global Fundamental Equity and Trimark Global Dividend Class. Sonita Horvitch Managers find value in U.S. banks, but clash on energy stocks Share this article and your comments with peers on social media Keywords Fund managers Global equities: Brace for slow growth, rising rates and political uncertainty Facebook LinkedIn Twitterlast_img read more

Statement on International Development Week

first_imgStatement on International Development Week From: Global Affairs CanadaThe Honourable Karina Gould, Minister of International Development, today issued the following statement on International Development Week 2021, which runs from February 7 to 13:The Honourable Karina Gould, Minister of International Development, today issued the following statement on International Development Week 2021, which runs from February 7 to 13:“Today, as we launch International Development Week across Canada, we reflect on the development gains made around the world over the past decades by the tireless efforts of Canadian development workers, volunteers and partners.“During International Development Week-Global Affairs Canada’s flagship public engagement initiative-I encourage Canadians from coast to coast to coast to engage more deeply in exploring development issues. I also encourage Canadians to learn about how global challenges and local Canadian issues are linked and how Canada’s international efforts contribute to directly addressing these global challenges.“The way forward is lit by our clear intent to rethink our steps to build a better, more resilient, and more peaceful world by pulling together and by using the roadmap laid out by the UN Sustainable Development Goals. That is why our theme this year is Go for the Goals.“In light of the heightened needs of vulnerable people around the world during this pandemic, our activities focus on education, gender equality, health and climate action. We see that efforts to build stronger, more resilient health systems are for the good of everyone. We see that the social safety net needs repair so that everyone everywhere, including at home here in Canada, has reliable access to food security, health and security. And we see now how much we need to connect the health of the planet and biodiversity with the systems that support human beings. It’s all connected.“The pandemic has shown us the huge difference our collective efforts are making in support of the most vulnerable people, including women and girls, in this time of need. We are being tested, but we have the ability to turn the situation around with shared commitment and necessary effort. Our international development efforts have given us a template for building back better. This week we celebrate our victories-large and small-and the people whose dedication and vision have brought them home.“Even though we can’t gather to show our appreciation, we can tune in, reach out and write about this important work in imaginative and virtual activities taking place this week. Please join us as we Go for the Goals. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:biodiversity, building, Canada, climate, education, gender equality, Government, Human, launch, Minister, pandemic, planet, Safety, security, sustainable, UN, worldlast_img read more

‘Out of Poverty’ author and social entrepreneur Paul Polak to speak at CU-Boulder

first_imgShare Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Paul Polak, a social entrepreneur and author who has dedicated more than 30 years to developing practical solutions to world poverty will give a free public talk “Leadership, Engineering and Poverty: What Works When Traditional Approaches Fail,” on Monday, March 4, 6-7:30 p.m. in the Math 100 Auditorium. Polak is perhaps best known for founding, in 1981, the Colorado-based International Development Enterprises (IDE), which manufactures and distributes affordable water recovery systems for the developing world. IDE has received $41 million in grants from the Bill & Melinda Gates Foundation for introducing such products and services as the treadle pump, low-cost drip irrigation, and new agricultural marketing practices. He also launched the nonprofit product development company D-Rev, and authored the 2008 book, “Out of Poverty: What Works When Traditional Approaches Fail.” Recently he has turned his attention to the launch of Windhorse International, a for-profit social venture with a mission of leading a revolution in how companies design, price, market and distribute products to benefit the billions of customers who live on less than $2 per day. His next book, “The Business Solution to Poverty: Designing Products and Services for 3 Billion New Consumers,” will be published by Berrett-Koehler later this year. “Severe poverty can be ended only by an infusion of private capital into new, mission-driven, multinational businesses that provide essential goods and services at affordable prices to the billions living in rural areas on $2 a day or less — and hire tens of millions of local staff in the process,” said Polak. Dr. Polak practiced psychiatry in Colorado for 23 years before he turned his attention to issues of world poverty. During his second career, he has been recognized by Scientific American as one of the world’s leading 50 contributors to science, and his work has been featured in articles in Business Week, the Economist, the New York Times, Forbes and National Geographic. He is a fellow of the Unreasonable Institute, and in 2009, he was named one of the world’s “Brave Thinkers” by Atlantic Monthly, along with Barack Obama and Steve Jobs, for being willing to “risk careers, reputations, and fortunes to advance ideas that upend an established order.” Polak’s talk is part of the Engineering Leadership Program’s Spring 2013 Leadership Series. Co-sponsors include the Center for Education on Social Responsibility at the Leeds School of Business and the Newton Chair in Leadership at CU-Boulder. Published: Feb. 22, 2013 last_img read more

NASA mission involving CU-Boulder discovers particle accelerator in heart of Van Allen radiation belts

first_imgAn artist’s conception of the Van Allen Probes circling Earth’s radiation belts. (Image courtesy NASA) Published: July 25, 2013 Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Using data from a NASA satellite, a team of scientists led by the Los Alamos National Laboratory in New Mexico and involving the University of Colorado Boulder have discovered a massive particle accelerator in the heart of one of the harshest regions of near-Earth space, a region of super-energetic, charged particles surrounding the globe known as the Van Allen radiation belts.The new results from NASA’s Van Allen Probes mission show the acceleration energy is in the belts themselves. Local bumps of energy kick particles inside the belts to ever-faster speeds, much like a well-timed push on a moving swing. Knowing the location of the acceleration within the radiation belts will help scientists improve predictions of space weather, which can be hazardous to satellites near Earth. The results were published July 25 in the journal Science.“Until the 1990s, we thought the Van Allen belts were pretty well-behaved and changed slowly,” says Geoff Reeves, lead author on the paper and a radiation belt scientist at Los Alamos National Laboratory in Los Alamos, N.M. “With more and more measurements, however, we realized how quickly and unpredictably the radiation belts change. They are basically never in equilibrium, but in a constant state of change.”In order for scientists to understand such changes better, the twin Van Allen Probes fly straight through this intense area of space. One of the top priorities for the mission, launched last August, is to understand how particles in the belts are accelerated to ultra-high energies.“We see case after case where the very high energy electrons appear suddenly right in the heart of the outer belt,” said CU-Boulder Professor Daniel Baker, director of the Laboratory for Atmospheric and Space Physics and a study co-author. “But now we can prove where the electrons originate from and we can see the waves — and the lower energy ‘seed’ particles — from which the relativistic electrons grow. We can essentially peer into the inner workings of our local cosmic accelerator with unprecedented clarity.”By taking simultaneous measurements with advanced technology instruments, the Van Allen Probes were able to distinguish between two broad possibilities on what accelerates the particles to such amazing speeds. The possibilities are radial acceleration or local acceleration. In radial acceleration, particles are transported perpendicular to the magnetic fields that surround Earth, from areas of low magnetic strength far from Earth to areas of high magnetic strength closer to Earth.Physics dictates particle speeds in this scenario will increase as the magnetic field strength increases. The speed of the particles would increase as they move toward Earth, much the way a rock rolling down a hill gathers speed due to gravity. The local acceleration theory proposes the particles gain energy from a local energy source, similar to the way warm ocean water can fuel a hurricane above it.Reeves and his team found they could distinguish between these two theories when they observed a rapid energy increase in the radiation belts Oct. 9, 2012. The observations did not show an intensification in particle energy starting at high altitude and moving gradually toward Earth, as would be expected in a radial acceleration scenario. Instead, the data showed an increase in energy that started right in the middle of the radiation belts and gradually spread both inward and outward, implying a local acceleration source. The research shows this local energy comes from electromagnetic waves coursing through the belts, tapping energy from other particles residing in the same region of space.“These new results go a long way toward answering the questions of where and how particles are accelerated to high energy,” said Mona Kessel, Van Allen Probes program scientist in Washington. “One mission goal has been substantially addressed.”The challenge for scientists now is to determine which waves are at work, according to the science team. The Van Allen Probes, which are designed to measure and distinguish between many types of electromagnetic waves, will tackle this task, too.Baker said the new findings would not have been possible without the Relativistic Electric Proton Telescope, or REPT, developed by a team at CU-Boulder’s LASP and which is riding on the Van Allen Probes.  CU-Boulder will receive more than $18 million from NASA over the Van Allen Probes mission lifetime for REPT and an electronics package known as the Digital Fields Board, said Baker, who led the LASP team that developed REPT. “I think we are now getting a crash course in true radiation belt physics,” said Baker. “While before we were nibbling at the edges or looking through a cloudy screen, things are incredibly clear now. With our beautiful new sensors, we can see almost every ‘thumbprint’ of every large solar storm that has impressed itself on the Earth’s radiation belts.”The Johns Hopkins University Applied Physics Laboratory in Laurel, Md., built and operates the twin Van Allen Probes for NASA’s Science Mission Directorate. The Van Allen Probes are the second mission in NASA’s Living With a Star program, managed by NASA’s Goddard Space Flight Center in Greenbelt, Md. The program explores aspects of the connected sun-Earth system that directly affect life and society. Categories:AcademicsScience & TechnologySpaceCampus CommunityNews Headlineslast_img read more