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A Crypto Fix For A Broken International Monetary System (#GotBitcoin?)
The international monetary system is broken. Helping to fix it poses a huge opportunity for the cryptographers behind cryptocurrency and blockchain technology. A Crypto Fix For A Broken International Monetary System (#GotBitcoin?)
Now they have one of the stewards of that system in their corner: Mark Carney, the outgoing Bank of England Governor.
A week ago in Jackson Hole, Mont., Carney told the Federal Reserve's annual gabfest that central bankers could develop a network of national digital currencies to create a new, basket-managed "synthetic hegemonic currency."
Carney's proposal was mostly a thought exercise to inspire conversation around solutions to the dangerous imbalances fostered by the current system's dependence on the dollar as the world's reserve currency. The specifics were necessarily thin – any solution will be both technically and politically complicated, and even though he'll depart the BOE in January, Carney's status as a public official demands caution.
But I don't share those constraints. So, let me lay out my own modest proposal for a cryptocurrency-based fix to a broken global financial system. Hint: it is not "buy bitcoin."
I'm neither a trained economist nor a cryptographer, so I know this act of hubris will attract naysayers. I welcome criticisms and suggestions. I'm also quite certain I'm not the first to think of this, so I'm eager to hear of others working on similar projects.
The thing is I've been obsessed with both the structural failings of the global financial system and cryptocurrency for many years now. Three of my five books have covered those topics. It's hard to bite my tongue.
Fixing The Global Currency System
I think that instead of creating a whole new global currency, central bankers should work to develop digital currency interoperability. We need a system of decentralized exchange through which businesses in different countries can use smart contracts to create automated escrow agreements and protect themselves against exchange rate volatility. With algorithms that achieve atomic swaps now available and with other advances in cross-chain interoperability, I believe we'll soon have the technology to remove foreign exchange risk from international trade without relying on an intermediating currency such as the dollar.
Here's how it might work: A hypothetical importer in Russia could strike a deal with an exporter from China and agree to a future payment, denominated in Chinese renminbi, based on the latter's prevailing exchange rate with the Russian ruble. Relying on an interoperability protocol that's commonly integrated into each party's preferred digital national currency – either in privately run stablecoins or central bank-issued digital currencies – the two firms could then establish a smart contract that "trustlessly" locks up the required renminbi payment in decentralized escrow. If delivery and contract fulfillment are confirmed, the payment is released to the Chinese exporter. If not, the funds revert to the Russian importer at the same, initial conversion rate.
In this scenario, both parties are protected against adverse exchange rate movements. Yet, despite the trust gap between them, there is no need to intermediate the payment through dollars, and no need for either party to take out a forward contract, FX option or some other expensive exchange rate hedge.
Of course, the importer would suffer the opportunity cost of locking up otherwise valuable working capital for a few months. But private banks could mitigate that with collateralized short-term loans on terms that would be a lot cheaper than the current cost of currency hedging. Alternatively, if the smart contract is executed on a proof-of-stake blockchain, the locked-up funds could be employed to earn cryptocurrency staking rewards.
What Would Central Banks' Roles Be?
Well, for one, they could backstop the entire credit and/or staking model. Providing liquidity or guarantees to banks' trade finance businesses would be a more constructive use of domestic money supply than applying it to rainy-day funds of U.S. Treasuries and other dollar assets.
Secondly, they'd be charged with assuring the trustworthiness of the interoperability protocol. Whether central banks would endorse and regulate privately developed protocols such as Tendermint's Cosmos, Parity Technologies' Polkadot or Ripple's Interledger, or whether they would commission a multilateral body to build and manage a single official system, there's no getting around an oversight role for public sector policymakers.
(Don't worry, crypto libertarians, no one's taking away your bitcoin in this scenario. In fact, since central bankers will retain their own monetary sovereignty, with exchange rates continuing to fluctuate, bitcoin's appeal as a "digital gold" alternative to domestic currencies could well be enhanced.)
A Broken System
Let's be clear: if foreign trade no longer requires dollar intermediation, the U.S.-centric global economy will suffer a massive impact, perhaps bigger even than the 1971 "Nixon Shock," when the dollar was unpegged from gold.
The entire reserve currency system, in which foreign central banks own U.S. government bonds as a backstop and multinational companies hold large parts of their balance sheets in dollars, is based on the need to protect against exchange rate losses. If that risk is removed, the edifice would, in theory, come down.
Yet, as Carney rightly points out, continuing with dollar hegemony is not tenable, either. The system is broken. Whenever global investors get the jitters they rushen masse into "safe haven" dollar assets – even when, as with President Trump's trade war with China, U.S. policy is the cause of their malaise.
This process, which has become progressively more acute with each financial crisis, causes huge distortions, economic dysfunction and political turmoil. And with economies slowing and the worldwide value of bonds carrying negative yields now at $17 trillion, we now face worrying signs of another crisis. This time, traditional central bank policy could be powerless.
When another crisis comes, the dollar-based system will generate a predictable vicious cycle. The dollar will rapidly rise. This will hurt U.S. exporters, which further stir the mercantile instincts of anti-free traders such as Trump and fuel risks of a destructive tit-for-tat currency war.
Meanwhile, emerging markets will suffer capital flight as a rising dollar raises the risk of debt defaults in those countries. Their central banks will respond by jacking up interest rates to prop up their domestic currencies, but this will choke their economies at a time when they require easier, not tighter, monetary policy. Unemployment will surge and governments will topple.
The current system breeds what former Fed Chairman Ben Bernanke dubbed the "global savings glut" as developing countries squirrel money into dollar reserves that could otherwise be used for domestic development.
In the U.S., it creates the countervailing effect of massive deficits – in other words, sky-high debt. Far from being the "exorbitant privilege" once described by French Finance Minister Valéry Giscard d'Estaing, the dollar's reserve status is an American curse. It creates artificially low U.S. interest rates, which misprices credit risks and fuels bubbles – see: the 2008 housing crisis.
Worst of all, the dollar system undermines democracy and diminishes economic sovereignty. The performance of every economy hinges on U.S. Federal Reserve policies. Yet the Fed's low inflation/maximum employment mandate is defined only by the U.S. economic outlook. This policy mismatch makes it much harder for governments to pursue effective measures to create opportunities for all.
When things really go sour, the Fed belatedly and reluctantly becomes the world's lender of last resort, pumping dollars into the world's banks via their New York subsidiaries. That's how we ended up with the "quantitative easing" surfeit after the last crisis, money that went into financial assets, London real estate and fine art, but did little to boost the earning power of the middle class.
These policy failures have bred a populist backlash against globalization, manifest in the U.K.'s Brexit crisis and President Trump's adversarial trade policies. Yet the reality is that capital flows are more globalized than ever and increasingly beating to the drum of the U.S. dollar.
So, Yes, We Need Change. The Question Is How And In What Time Frame?
Violent Or Managed Change?
The solution I described could be adopted abruptly and disruptively or it could be cooperatively managed for a smoother transition.
Under the first scenario, let's consider Russia and China, the two countries I deliberately chose for my explanatory example, since they are believed to be further ahead than most in developing fiat digital currencies. Both would love to do away with dollar dependence. Could they go it alone and jointly devise a bilateral, cross-chain smart contract between a digital renminbi and a digital ruble? Sure. Would other countries follow suit? Maybe. Such an uncontrolled retreat from dollars could do huge harm to the U.S. and the overall global economy.
That's why I think central banks should heed Carney's call and work together on a solution. They could coordinate the gradual introduction of digital currencies, selectively managing access and applying differential interest rates to discourage an exodus from shaky banks. They could also charge the IMF with seeking a global standard for cross-chain interoperability.
Regardless, the disruptive technologies behind digital currencies, stablecoins and decentralized exchanges will advance. It's a ticking time bomb.
Some central bankers, led by Carney – and now, Philadelphia Fed President Patrick Harker, who said in a Wharton Business School podcast that stablecoins are "inevitable" – get it. Others need to learn fast. A Crypto Fix For,A Crypto Fix For,A Crypto Fix For,A Crypto Fix For,A Crypto Fix For,A Crypto Fix For,A Crypto Fix For,A Crypto Fix ForA Crypto Fix For,A Crypto Fix For,A Crypto Fix For,A Crypto Fix For
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Thu Nov 7, 2019, 08:37 PM
groundloop (7,788 posts)
New York company accused of selling Chinese-made security equipment to U.S. military
Source: CBS News
New York A Long Island, New York, company is accused of illegally importing Chinese-made security equipment and then selling it to U.S. agencies. Federal agents swarmed the facility Thursday morning. Now seven current and former employees are facing charges.
According to the criminal complaint, since 2006, Aventura Technologies operated a scheme where over 1,000 shipments of network security software and hardware from China were relabeled as American and then sold to the federal government. That includes surveillance systems bought by the U.S. Army, Air Force, Department of Energy and other U.S. agencies. The company allegedly made nearly $90 million.
"Aventura not only defrauded its customers, but also exposed them to serious known cyber-security risks, and created a channel by which foreign adversaries and other actors could potentially access some of our governments' most sensitive facilities and computer networks," Donoghue said.
The arrests come at a time when the U.S. government is concerned about electronics from China. This summer, imports from two of the biggest Chinese tech equipment makers Huawei and ZTE were banned.
Read more: https://www.cbsnews.com/news/new-york-company-aventura-technologies-accused-of-selling-chinese-made-security-equipment-to-us-military/
6 replies, 904 views
Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
|6 replies
New York company accused of selling Chinese-made security equipment to U.S. military (Original post)
|Nov 7
|Nov 7
|Nov 7
|Nov 7
|Lucky Luciano
|Nov 7
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|Nov 8
Response to groundloop (Original post)
Thu Nov 7, 2019, 08:38 PM
Skittles (124,519 posts)
1. what could possibly go wrong?
Response to groundloop (Original post)
Thu Nov 7, 2019, 08:46 PM
LogicFirst (117 posts)
2. 13 years?
Really. Where's the oversight?
Response to groundloop (Original post)
Thu Nov 7, 2019, 08:58 PM
keithbvadu2 (11,525 posts)
3. "Too many jobs in China lost," Trump tweeted... Such concern!
Response to groundloop (Original post)
Thu Nov 7, 2019, 09:00 PM
Lucky Luciano (9,251 posts)
4. How many shares does tr&@p own of this company?
Response to groundloop (Original post)
Thu Nov 7, 2019, 10:36 PM
bucolic_frolic (13,767 posts)
5. Nah, couldn't happen on Long Island
But did you really expect they could manufacture the stuff themselves?
Response to groundloop (Original post)
Fri Nov 8, 2019, 06:19 AM
nitpicker (5,558 posts)
6. From the DoJ PR
Four of the individual defendants are also charged with defrauding the U.S. government by falsely claiming that Frances Cabasso was the owner and operator of the company in order to obtain access to valuable government contracts reserved for women-owned businesses when, in fact, Aventura was actually controlled by her husband, Jack Cabasso. The Cabassos are also charged with laundering the monetary proceeds of these fraudulent schemes.

subset: commoncrawl


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ARCHPOINT has been announced as a winner of the famous Bronze A' Design Award
Como, Italy, April 26, 2014 /DESIGNPRWIRE/
A' Design Award and Competition is pleased to announce that the interior project ZODIAC Pan-Asian Bistro by ARCHPOINT has been acknowledged with the notable Bronze A' Design Award at Interior Space and Exhibition Design Competition Category.
Interior Space and Exhibition Design Competition Bronze A' Design Award Winner
A' Design Award and Competition is pleased to share that the work Zodiac by Valery Lizunov - chief architect, workshop leader, Sergey Briukhanov - architect, Alexandra Shemetillo - architect and Ekaterina Ageeva - decorator has been acknowledged with the notable Bronze A' Design Award in Interior Space and Exhibition Design Category marked as a winner by the respected jurors of the A' Design Awards & Competitions within numerous submitted projects.
Concerning Zodiac
ARCHPOINT, the designer of the winning design Zodiac says "The project started in February 2013, the restaurant was opened in December 2013. The idea was to open a pan-asian modern restaurant with author's cuisine with an interior simple as it can be, but attractive as it can be as well. We used only compact and simple decisions, only natural materials, only simple forms. The cusine and the interior works together.The space of the restaurant is located between the face of a historical mansion of Smolensky gallery and the New mall's wall, covered by mutual solid glass roof. One of the core ideas of the project is landscaping of the wall 12 m high and" Learn more about the award winning interior at: https://competition.adesignaward.com/design.php?ID=31721
Creative Team for ZODIAC Pan-Asian Bistro
ZODIAC Pan-Asian Bistro was imagined by Valery Lizunov - chief architect, workshop leader, Sergey Briukhanov - architect, Alexandra Shemetillo - architect and Ekaterina Ageeva - decorator
The Bronze A' Design Award
The Bronze A' Design Award is a prestigious award given to top 10% percentile designs that has attained an exemplary level of originality in design. Entries to the A' Interior Design Awards are peer reviewed and anonymously judged by a grand expert jury panel of prominent academics, important press members and experienced professionals. Nominated interior designs are voted on pre-determined evaluation criteria to highlight only the top interior design works. In addition to reaching top international media, A' Interior Design Award winners are listed at World Design Rankings (worlddesignrankings.com), are highlighted at Design Classification (designclassifications.com) platform and are showcased at DesignMag.org which lists the best designs from all countries in all disciplines.
About A' Interior Design Awards
A' Interior Design Award aims to highlight the excellent qualifications of best interior designs and greatest interior design concepts worldwide. The A' Design Accolades are organized and awarded annually and internationally in multiple categories to reach a wide, design-oriented audience. The ultimate aim of the A' interior Design Competition is to create a global awareness for good design. Learn more at: http://www.whatisadesignaward.com
Relevant WebsiteMore info could be found at https://competition.adesignaward.com/design.php?ID=31721
Released by DESIGNPRWIRE at 2014-04-26 08:46:30
Contact Details for This Press Release NAME : Julie Thomas ADDRESS: A' Design Award, OMC Design Studios SRL, Via Manara 9, 22100, Como, Italy. EMAIL : firstname.lastname@example.com PHONE : +39 031 4491953 FAX : +39 031 4491918
Image Credits
Press Material for Zodiac
|Learn More:
• Press Manual page explains how to get press accrediation.
• Press Packs page lists all the press kits prepared for winners.
• Downloads page has editorial images and content that could be used in articles.
• Press Releases page lists all the press releases made by A' Design Award & Competition.
A' Design Award and Competition is constantly looking for press members and design oriented publications, to provide them with excellent high quality design content. Discover our design press portal.
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RELATED: Cristiano Ronaldo Opens Hair Transplant Clinic
The woman who accused Brazilian soccer legend Neymar of rape can be seen on video attacking the star while in a Parisian hotel room.
The 45-second video has gone viral on social media and shows Neymar defending himself as his rape accuser hits him. The video was recorded a day after the alleged rape. The video was reported to have been recorded in secret by the woman in hopes of getting Neymar to retaliate.
"No, no, no, no, no," Neymar can be heard saying as the girl climbs on him and tried to hit him numerous times.
The woman then gets up and hits him twice while throwing an object at him.
"You know why I'm going to hit you? Do you know why?" the girls says, "because you assaulted me you stems from the alleged attack yesterday and you left me here alone."
The video stems from the alleged rape attack, where a woman claims that she agreed to have sex with Neymar after corresponding with him on Instagram. She then arranged to meet him at the Sofitel Paris Arc du Triomphe, where he apparently "turned aggressive" after she told him that they couldn't have sex without a condom.
According to Brazilian station SBT, the woman said, "I was the victim of rape." She has been described as a model and student.
The woman who accused Neymar of rape set up a camera, invited him to her hotel, then attacked him in the hope that he would retaliate. pic.twitter.com/twFQnQTq6m
— J. Velazquez (@JuanDirection58) June 6, 2019
RELATED: Cristiano Ronaldo Fined $21M For Tax Fraud, Avoids Prison Time


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Reduced. Super LOW Condo Fees! Pets permitted. You can afford NO maintenance living & a quality lifestyle in this beautiful home! Enjoy open main floor living featuring this BIG Kitchen w/ tons of cabinets, big pull out drawers, a built-in pantry, granite countertops, huge island & SS appliances incl fridge w/ water/ice. The kitchen has easy access to the top floor deck overlooking the beautiful courtyard. The spacious living area features a cozy fireplace. It's the perfect space for family time or entertaining. Upstairs find 3 bedrooms and the W/D area, including a beautiful master bdrm, an ensuite w/ his/her sinks, spa sized shower & walk in closet. The double garage has tandem parking and lots of room for storage. The door from the garage also gives access to the covered 2nd deck backing right onto the greenspace. This location is one of the best in the complex with immediate access as you enter from the road. Only a short walk to the elementary school. Move in today and make this your next home!
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Home and Garden:
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Published at Sunday, October 06th, 2019 - 13:38:23 PM. Wall Stickers. By Michele Lemercier.
2. Plot your guerrilla promotion campaign. For small and medium enterprise, wasting time, effort and resources is a suicidal move. Avoid this by planning ahead. Identify specific places frequented by your target market and start your campaign plan based on this.
The tens will bring us more unusual art wallpaper from young designers such as Lizzie Allen and Dupenny. Even more exciting is the opportunity to create large digital wall murals no repeating patterns, just one huge image of our own choosing. Whether its a stock photo, an iconic pop art image or a picture of our own, this will guarantee a unique home.
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Moneyworks are proud to be a premier sponsor of the 2019 Cambridge Garden Festival.
To be held on Sunday 24th November 2019 – the festival showcases nine Cambridge Gardens and two 'Art in the Garden' artists showing their art in their gardens.
To find out more, visit the Garden Festival website at www.cgf.nz.
Because of the generosity of the sponsors, all ticket sales proceeds go to the Rotary Club of Cambridge Charitable Trust to be distributed to charities during the year.


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Before the women can begin, they must pray.
Propped up by pillows, they sit in a circle on the floor, cup their hands upward and close their eyes.
"Give us clarity, Allah," a woman intones. "Give us truth and honesty. And, help us to succeed in our humble mission."
The women are members of Piedad, a group at the Islamic Society of Tampa Bay Area Mosque that represents a growing group in the American Islamic Community: Hispanic Muslims.
Khadijah Rivera, 57, traded her Bible for the Koran.
"Islam is not a religion of the Arabs," said Rivera, a Puerto Rican and the group's leader. "It may have started as a religion of the Arabs. But we're just regular people, and we're not all Arab."
Since 2001, Hispanics in the United States have embraced Islam in increasing numbers. Estimates vary wildly, largely because mosques do not keep membership rosters, and many new converts opt to keep their faiths secret for fear of persecution from family and friends, demographers said.
Still, scholars believe there are 75,000 to 200,000 Hispanic Muslims nationwide, an estimated 88 percent increase since 1997, when the American Muslim Council released a comprehensive study of the group.
Anecdotal evidence shows much of the growth taking place in Florida and urban centers such as New York and Chicago as well as border states like California and Texas. (MORE)


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When to Refinance Your Mortgage | GOBankingRates – Deciding whether or not refinancing is a sound financial decision can require hours of research, knowledge of your financial situation, an estimate on how long you plan on staying in your current home, and other mortgage calculations.
how much are closing costs for refinancing How to Lower Refinance Closing Costs – Investopedia – Similar to taking out a first mortgage on a home, there are closing costs associated with a refinance. How much you pay in closing fees is going to vary from one lender to the next, which is why.best banks for refinancing mortgage loan lender for bad credit Home Loans For People with Bad Credit | LendingTree – Learn about home loans for bad credit programs that are available to homebuyers. Having bad credit isn't the end of the world. It may still be possible to get a home loan, as long as you're willing to put more money down and pay a higher interest rate.federal housing administration 203k refinance loan PDF The Section 203(k) Loan Program – The Section 203(k) loan program is HUD's primary program for the rehabilitation and repair of single family properties. section 203(k) loans are provided through HUD-approved mortgage lenders nationwide and insured by the federal housing administration (fha), which is part of HUD. "Section 203(k)" refers to the law, part ofMortgages | Home Mortgage | Mortgages and. – BB&T Bank – If you have a BB&T home mortgage and were impacted by a natural disaster, please review our information on mortgage home loan disaster assistance.. To explore your banking options with BB&T, please contact us at 800-BANK-BBT (800-226-5228). County. Help. You must select your state before you can select a county. Get rates.. Best if you.
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Living Proof: (Resnick 7) - Resnick 7 (Paperback)John Harvey (author)
Paperback Published: 05/01/2002
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When a man is found in the middle of Alfreton Road in the early hours one Sunday morning, stark naked and bleeding heavily from a chest wound, he is the latest in a series of viscous attacks on men. Enquiries in the mean-streets of Nottingham's red-light district have brought the investigations to a dead end. Charlie Resnick is the man for the job. And as if he hasn't had enough to deal with, he now has to provide police protection for a celebrity at the annual crime convention - an author with the some very unpleasant 'fan' mail. Chronically short-staffed as he is, it's a guessing game as to when Resnick's lack of manpower will have fatal consequences.
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Dead River Joins List of Partners For Upcoming Biathlon World Cup
Dead River Company, a one hundred and six year old family-owned energy company, has stepped forward to support the Nordic Heritage Center as a local sponsor of the 2016 Biathlon World Cup, hosted by the Nordic Heritage Center from February 11 through 14.
IBU World Cup 8 will be hosted in Aroostook County by the Nordic Heritage Center as the next to last in a series of nine stops on the 2015-2016 international circuit, and the only stop in the United States. Teams and visitors from the participating nations are expected to arrive in Aroostook County in early February and depart the region on February 15.
Upwards of 300 of the world's top male and female biathletes, ages 20 and over, from more than 32 countries are expected to be in Aroostook County for the competition. The biathletes will participate in six competitions at the Nordic Heritage Sport Center venue: sprint, pursuit, and relay in both men's and women's divisions.
Event Director Jane Towle said, "Dead River Company has been a dedicated partner of Nordic Heritage Center and has always come to the table with support when we host these large events."
According to Towle, Dead River Company is aware of the impact the event has on the local community and its economy. "They understand how a successful event such as this creates high visibility of our region nationally and internationally, and increases brand awareness of the Nordic Heritage Center in the biathlon world. "We thank Dead River Company for their willingness to play an important role in helping Nordic Heritage Center achieve this recognition," said Towle.
This information was submitted to us as part of a press release. If you would like to share your community news or event with our audience, please email email@example.com


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The Bunk House in Bulls Gap is welcoming another up-and-coming regional act to its venue.
Singer-songwriter Momma Molasses is heading to Hawkins County with her trio for a Saturday night concert, and Bunk House owner Glenn Spayth is ready to watch her perform live for the first time at his venue.
Keeping up with the Bunk House's tradition, Momma Molasses is another in a line of young performers who come to venue to showcase their talents and skills.
"(Momma Molasses) is relatively local, from the Tri-Cities area," Spayth said. "She's funny, and she puts on a good show."
Momma Molasses brings a unique voice to East Tennessee, according to Spayth. blending Americana, old-time, alt-country, Piedmont blues, swing, Appalachian, swamp-pop and bluegrass.
"She's got a really nice, soulful voice," he said. She's got a lot of emotion and feeling in her words, and her voice is so unique.
"When you hear (Momma Molasses), you know it's her."
Originally from the Sandhills region of North Carolina in Carthage, and currently based in Bristol, Virginia, Momma Molasses is the musical alter ego of Ellen Patrick. From an early age, Patrick has played several stringed instruments and learned to sing in her family's church. She became interested in folk music listening to her parents' record collection from the 1960s.
Frequently compared by listeners to female greats such as Patsy Cline, Maybelle Carter and an "acoustic" Janis Joplin, Momma Molasses has an unforgettable vocal tone, and a unique guitar style, and Spayth said this is the kind of music he wants to hear.
Spayth also said Momma Molasses is different from other music he's heard, especially on the radio.
"Every song I hear on the radio, they all sound the same to me," he said. "She's way different from them."
Tom Netherland of the Bristol Herald Courier is also a fan of her music, and finds her unique style impressive.
"Sweeter than honey, Momma Molasses sings like a quilt comforts," he said of Patrick's musical style.
After two years on the road, Momma Molasses recently released a new album called "Anthems From a Broken Heart," which deals with heartbreak from past relationships, loneliness and self-worth.
In addition to touring full-time, Patrick curates a weekly radio program, broadcasting live from The Birthplace of Country Music Museum, on WBCM-LP Radio Bristol in Bristol, Virginia. She also hosts a monthly concert series for emerging musicians called "For The Song's Sake" at Bloom Cafe in Bristol, Tennessee.


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Calling ALL Moms, Dads, and Grandparents (and others) who make a difference in the lives of our youth; Come and spend a day together with Dina Marie Hale, and allow God to refresh your souls this Advent as you Prepare the Way for the Lord. In doing so you will also help prepare the way for the Lord in the lives of those that surround you.
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Property Details for MLS® # C4263263
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UA Engineering Test Sample Returns from Space for Analysis
The first American research sample processed in the International Space Station's Materials Science Laboratory was opened for study March 16 at NASA's Marshall Space Flight Center in Huntsville, Ala.
The sample consisted of an aluminum-silicon alloy that was melted and resolidified in orbit. The experiment was controlled by commands from the ground and monitored by David Poirier, Robert Erdmann and Matthew Goodman of UA Department of Materials Science and Engineering.
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Research conducted in the microgravity environment found aboard the International Space Station enables scientists to better understand the processing, structure and properties of materials.
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Twenty years ago, if you wanted to take a vacation, you visited a travel agent to explore your options and make your arrangements. But when websites like Expedia and Travelocity made those services available at the click of a mouse on a computer in the comfort of your own home, the travel industry was forever changed. That's the crossroads currently facing banks and other stalwarts of the financial services industry.
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