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Friday, September 25, 2009
Environment Protection - The Nine Eco Commandments To Save the Earth
Moon Water - At Last Water Sighted on The Moon by ISRO (India) and NASA Scientists
Credits: ISRO/NASA/JPL-Caltech/USGS/Brown Univ.
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Tuesday, September 22, 2009
Uranium from Nuclear Waste can be Recovered using E-Coli
I am sure after you read this report you too would no longer look down upon E-Coli that is so much responsible for causing diarrhoea and those irritating stomach upset accompanied with cramps caused from excesss dehydration.
Well nuclear scientists have found a feasible method of recovering uranium from nuclear waste with the help of E-Coli.
E. Coli Can Be Used To Clean Up Nuclear Waste
by Jerry James Stone, San Francisco, CA
Picture courtesy of Hulu.com
Researchers have found that E. coli can be used to recover uranium from tainted waters and can even be used to clean up nuclear waste.
Using the bacteria along with inositol phosphate, the bacteria breaks down the phosphate--also called phytic acid--to free the phosphate molecules. The phosphate then binds to the uranium forming a uranium-phosphate precipitate on the cells of the bacteria. Those cells can then be harvested to recover the uranium.
Photo of Escherichia coli bacteria (E. coli) from LimbicNutrition Weblog
The findings were presented at a Society for General Microbiology's meeting by Professor Lynne Macaskie from a research team at Birmingham University. Though, the process was first discovered back in 1995 but at the time was not economical.
In early research a very expensive additive was used and the low cost of uranium just didn't make it feasible. But the discovery of inositol phosphate being six-times more effective--as well as a cheap waste material--made the venture more viable.
Not too shocking. More countries are clearly looking to expand their nuclear technologies and the price of uranium is likely to increase. Another option for bringing down the cost of inostiol phosphate is that it can easily be obtained from agriculture waste.
"The UK has no natural uranium reserves, although a significant amount of uranium is produced in nuclear wastes. There is no global shortage of uranium but from the point of view of energy security the EU needs to be able to recover as much uranium as possible from mine run-offs (which in any case pollute the environment) as well as recycling as much uranium as possible from nuclear wastes," commented Professor Macaskie.
And while the cost of uranium concerns me as much as the next guy (actually, I don't really care that much) there is obviously huge environmental and health impacts to this process.
"By using a cheap feedstock easily obtained from plant wastes we have shown that an economic, scalable process for uranium recovery is possible," Macaskie ended.
Source: Science Daily
Free Games - Top Indie Games of the Year at Intel
Play The Year's Top Indie Games for Free
by Michael Brito
Top indie games according to whom? Glad you asked. Sid Meier, Will Wright, and a panel of esteemed judges helped select the winners of this year's Intel Level Up Game Demo Challenge - showcasing the world champs of indie games. Want to take a look? All of the winning game demos are available for you to play at www.intel.com/software/levelup2009.
Indie developers from around the world submitted their best work for a chance at huge prizes and an industry breakthrough. The judges had their hands full narrowing down the group of 22 finalists to just seven winning demos. Awards were given to the top three demos in three categories, as well as an honorary award for the Judge's Choice. The winners were announced on Wednesday at the Austin GDC.
We've been hosting this contest for three years and this year's winning batch has some of the most innovative and fun games we've seen. Don't take our word for it, try them out for yourself and let us know what you think.
Best Game on Intel® Graphics
- First place: I Know Your Deeds by Yakov
- Second place: Spin Tires by Pavel Zagrebelnyy
- Third place: Inferus by Kevin Gadd, Ian Maclean, and Troupe Gammage IV
Best Game-on-the-Go
- First place: Inferus by Kevin Gadd, Ian Maclean, and Troupe Gammage IV
- Second place: GermiNation by Bradley Wesson
- Third place: Rise of Pirates by Stefans Keiss
Best Threaded Game
- First place: Spin Tires by Pavel Aleksandrovich Zagrebelnyy
- Second place: I Know Your Deeds by Yakov
- Third place: The Ray Trace Game by Klyuchnikov Eugene
Judge's Choice Award:
- Rise of Flight: The First Great Air War by Albert Zhiltsov
Monday, September 21, 2009
The Indian Economy Can Sustain 6 - 8% Growth Rate till 2025
India can sustain 6-8% growth rates up to 2025
With a year of economic downturn behind us, Stuart Corbridge, professor of development studies at London [ Images ] School of Economics, expects that the world might suffer a public sector downturn next year. However, he is optimistic about Indian prospects.
In a conversation with Devika Banerji, Corbridge says that the problem with India's growth story has been its inability to reduce poverty to significant levels. Excerpts:
As economies like Germany , the US and France have come out of recession, do you see the global economy recovering?
I am a little nervous. I believe that we have been lucky, it could have tipped over to something worse. If you take the case of the US and the UK, there is a massive building up of deficits which I think was necessary. All that money has shown signs of recovery, so people are optimistic in that respect.
However, the recession in the West has largely been a private sector phenomenon, but now the pressure will be on the public sector. Government books will have to balanced next year and taxes will go up. So, I fear a public sector recession next year and if it happens too soon, it might even drag the recovering private sector along with it. So, I am apprehensive.
What should India learn from the crisis?
There are a number of answers to this. Well, the way forward for India would be not to believe in the concept of free markets. Markets always need to be underpinned by functioning institutions. They have to be regulated. There are informational symmetries, there are externalities.
The idea that we can simply open up markets is a self-defeating idea. It will engender political opposition because it will bring extreme volatility. I think the recession in the western world is a result of refusal to regulate some industries like real estate and finance.
In case of the UK, the economy has become unbalanced because we lack a manufacturing base and are heavily dependent on finance capital.
In the long run, do you think an average Indian growth rate of 7-8 per cent is sustainable?
I think sustaining the rates of 6-8 per cent growth a year up to 2020-25, except some exceptional years, will be possible. The main reason would be that India has invested so little in relative terms in human capital.
Once investment comes into infrastructure, education and healthcare, we will see the productivity of workers in India increase significantly.
Second, this is the time India should reap the benefits of its demographic dividend. Most of the countries, including China, have already done that and so India has more potential. This, of course, presupposes that jobs will be created in India.
The worst-case scenario would be lots of skilled unemployed labour, which might challenge growth. But I am optimistic about the Indian growth rate for the years to come, provided you neutralise the political tensions.
You seem to be very optimistic about India's growth? Has the growth story been disappointing in some way?
Well, the problem is that the growth has not translated into reduction of poverty in the scale that we had expected, at least not in the eastern parts of the country. One per cent increase in the rate of growth in China has resulted in around 1 per cent reduction in poverty.
However, in India it is half of this. Therefore, the growth story becomes clogged up. The reasons are that some people are unaffected with the growth taking place; they are not in the labour market, and are discriminated and left out of the system. All of this is holding the productivity of the country and making the growth less benign.
What then would be the way forward for India?
It's interesting that India has achieved such high rates of growth with a majority of the population living in rural areas. I would expect an enormous migration of people to urban areas in the next 20-30 years, so to say. Then you will need space for new cities to come up to accommodate such migration. You will have to think about cities double the size of Delhi or Mumbai.
India and China have often been compared against each other as far as economic development is concerned. Do you endorse that India has paid an economic penalty because of a democratic set-up?
The India-China comparison is a very interesting one. A crude way to put it would be the classic case of the tortoise and the hare, with the tortoise catching up.
You can solve some coordination problems in a rational authoritarian state set-up like in China, but I will still maintain that a democratic set-up is more suited for a consistent growth rate in the long run. It is very difficult to argue that India has paid an economic penalty because of a democratic set-up.
India has achieved pretty respectable rates of growth since 1980 and good growth rates since 2000. And to my mind, along with this, a lot of things have been done around the 'dignity' agenda. A lot of empowerment has taken place, both at the Centre and at the state level, and going ahead, India will reap the benefits of these.
You have studied the social sector in India. According to you, is it a right time for India to move away from the public distribution system for more qualitative social sector schemes?
The key issue in a public distribution system is that of leakages. The results are region-specific, and some systems that work for Kerala may not work for Bihar. Currently, the focus should be on making these schemes efficient and identifying the right beneficiaries. In more time, you might hope to move away from public distribution systems.
Devika Banerji in Mumbai
India - The Trillion-Dollar Opportunity
Why does India sell one million motorcycles in a month? Why does the demand for cars in the country grow by 30 per cent and the same for Maggie noodles rise by 25 per cent annually?
And, why has India become the fastest-growing cellphone market in the world? This is because India is moving from being a trillion-dollar economy to a two trillion-dollar one in the next six years.
In 1950-51, India's GDP stood at Rs 10,000 crore (Rs 100 billion), which translated into a per capita income of Rs 285 when distributed among a population of 350 million.
For 2008-09, the country's GDP stood at Rs 54 lakh crore (Rs 54 trillion), translating into a per capita income of Rs 48,450, thus resulting in a compounded annual per capita income growth rate of 9.25 per cent during 1951-2009.
India achieved its first trillion-dollar GDP in 2007. It took India 60 long years after Independence to move up to a Rs 42-lakh crore (Rs 42 trillion) GDP. As per current estimates, we should touch a nominal GDP of Rs 100 lakh crore (Rs 100 trillion)by 2015, and if the rupee-dollar exchange rate remains stable, the next trillion-dollar economy will be born in seven-eight years.
The journey doesn't stop here, rather it picks up further momentum. The next doubler comes in after another seven-eight years, thus elevating India's GDP to $4 trillion (roughly Rs 193 lakh crore or Rs 1.93 trillion) before 2025. The significance of this transition lies in understanding how this linear event will impact businesses.
The structural change that will be witnessed during this journey is that the basic needs of human life will be taken care of by the initial $600-700 of income. At present, with a savings rate of over 35 per cent, the discretionary spending in the economy is $100 per person.
However, as India's per capita income rises to $2,000 and the country moves from the category of 'low-income' to 'middle-income' nations, the discretionary expenditure in the economy would experience an exponential growth.
For instance, if we analyse the consumption pattern of 70 different economies and segment them into low-income, middle-income and high-income brackets, we will observe that consumer spendings on food, beverages and clothing & footwear account for 47 per cent, 34 per cent and 22 per cent of their total consumer expenditures, respectively.
On the contrary, consumer expenditures of the three categories of countries on discretionary items, including cultural and recreational activities, account for 13 per cent, 19 per cent and 28 per cent of their total consumer spends, respectively. This implies that discretionary spending by the Indian consumer will grow manifold in the next five years.
Indian consumption of durable as well as non-durable items has been just a fraction of the consumption average of emerging markets.
This is purely an affordability issue. As and when affordability catches up with the prices of consumer goods, the pent-up demand gets released. And, such demand keeps growing for many years.
This change can be engineered even by reducing product prices. However, in the absence of product price deflation, affordability will take its own time to increase.
The emergence of the next trillion-dollar economy will dramatically change people's income level, resulting in steep acceleration in demand for many goods and services. We have seen telecom penetration rising from 4 per cent in 2001 to 40 per cent in 2009. This quantum jump could come about due to increased affordability in wireless telephony.
The corporate sector -- automobiles, processed food, fashion clothes, advanced communication, healthcare, transport, entertainment and financial services among others -- is not there to provide the basic needs of the economy. It is there to provide value-added goods and services to the people at large.
In fact, financial services will be one of the biggest success stories out of India. The savings rate has climbed to 37 per cent of GDP in 2007-08. In India, credit is not directed towards boosting consumption, but is channelised towards funding government deficits.
This has kept the private sector credit-to-GDP ratio in the economy at a lower level of 52 per cent compared to 100 per cent for China, 300 per cent for the US, 200 per cent for the UK, 145 per cent for Europe, 166 per cent for Japan [ Images ] and 140 per cent for Australia [ Images ] (2008 figures).
We are likely to witness many changes in government policies over the foreseeable future. These changes may include encouraging consumption in order to hold the savings rate at not higher than 40 per cent. Even at this rate, India is going to emerge as one of the largest saving nations among the developing countries with a saving of about $1 trillion per annum before 2020. So, the opportunity for savings deployment is going to be gigantic.
At present, physical infrastructure (roads, ports, housing, etc.) deficit is immense. As affordability increases, spends on personal and public infrastructure will boom. Demand for cement, steel, automobiles etcetera will grow at a pace not seen in the last 20-30 years.
The government's own projection pertaining to infrastructure spending in the 11th Plan period is staggering. The intention is clearly to accelerate infrastructure spend matching with the GDP growth aspiration.
There is a lot of gap between the current infrastructure spend and the desired level of expenditure in order to meet the aspirational level of GDP growth. The catch-up game in the next five-six years will mean a 15-20 per cent growth in every aspect of construction activity.
Analysts and economists have been drawing their own conclusions on how consumers and the economy responded when the economy was at half-to-a third of its current GDP size. But how they will respond in the next five-ten years requires a very different kind of thinking by everyone.
Politicians should tailor policies keeping this development in mind. And, for investors, it is probably one of the biggest macro-opportunity. A perfect setup for long-term investing.
The author is the co-founder and director of Motilal Oswal Financial Services Ltd. The views expressed are his own.
Raamdeo Agrawal
Source:
Sunday, September 20, 2009
Health Care - Who's Responsibility, Corporate or Government?
Since 2001, premiums for family coverage have increased 78%, while wages have risen 19% and inflation has risen 17%, according to a 2007 study by the Kaiser Family Foundation.
In desperation a good lot of people in the US purchase wide range of health insurance products, that literally leaves them with little money to spend on food, transport, housing and good education for self and children.
In fact Medical debt is the principal cause of personal bankruptcy in the United States.
This is bad since it affects the economy badly.
Around 84.7% of citizens have some form of health insurance; either through their employer or the employer of their spouse or parent (59.3%), purchased individually (8.9%), or provided by government programs (27.8%; there is some overlap in these figures).
No wonder health care is very thorny, an exceedingly expensive priority for companies both small and large that has ostensibly very few visible, tangible benefits.
Insurance for dental and vision care (except for visits to ophthalmologists, which are covered by regular health insurance) is usually sold separately.
In the United States, hospital and doctor expenses are covered by payments received from patients and insurance plans.
Visits to facilities outside the insurance program's "network" are usually either not covered or the patient must bear more of the cost (usually waived for emergencies).
According to the Institute of Medicine of the National Academy of Sciences, the United States is the "only wealthy, industrialized nation that does not ensure that all citizens have coverage" (i.e. some kind of insurance).
What is perhaps shocking that in a 2009 Harvard study published in the American Journal of Public Health it has been revealed that there has been on an average 44,800 excess deaths annually in the United States due to Americans lacking health insurance.
Its estimated that in USA as much as 15.3% of the Gross Domestic Product or GDP is spent on health care alone. This is next to East Timor (Timor-Leste). It is expected that the upward trend would continue to surge in the USA which is likely to touch 19.5% of GDP by 2017.
As per a report prepared by WHO (World Health Organization) in 2000, of all countries totalling 191 member nations of the United Nations Organisation, USA tops the list for having the costliest health care system in the world.
Although the United States is a leader in medical innovation, having spent three times than Europe on a per capita basis on biomedical research most of which funded by the Department of Health and Human Services in 2004, its performance in health care system is shockingly dismal.
The overall performance of health care in USA vis a vis other countries stands at 37th and 72 by overall level of health respectively.
Its obvious those who have proper employment in good corporate organisations and have sufficient disposal income are in a better position to take care of them.
In fact salary and health insurance are most important if corporates wishes to attract the best talent and qualifications in the industry and retain them for long.
Yet the corporate world has scrupulously avoided being dragged into the debate on providing health care to the citizens most of whom are their employees.
But corporates the world over especially large multinationals a majority of which have their head quarters in the USA must reach out to share the health care burden as part of a social responsibility.
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Beyond the Womb: Exploring the Brave New World of Artificial Wombs
As I flipped through the morning newspaper, a particular report grabbed my attention, uncovering a captivating yet intricate frontier in re...