Tag Archives: Two American

Report: Formula E calendar set at ten races, top F1 teams being courted

By Brandon Turkus

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Formula E, the open-wheel EV racing series has finalized the calendar for its inaugural season. Set to kick of in 2014, the races looks like to have been distributed quite evenly across the globe.

Two American races (LA and Miami) along with a pair of South American races in Rio and Buenos Aires round out the contests in the New World. London, Berlin and Rome make up the European leg of the championship, while Beijing, Bangkok and Putrajaya cover Asia.

This news follows a report from Autoweek that Formula E is courting some of the top Formula One teams. According to AW, series organizer Alejandro Agag is already in talks with McLaren, and is of the opinion that one day the likes of Ferrari and Red Bull will take part in the emissions free series.

Despite the current lack of big names, the parts of the Formula E cars look promising. Batteries from Williams are mated to electric motors from McLaren, while Dallara provides the chassis. Like F1, there’s only one tire supplier, although we’re happy to announce it’s Michelin rather than Pirelli. Series test driver Lucas di Grassi showed us just what the FE cars can do with an in-car video a few months ago.

As for drivers, we don’t see Sebastien Vettel leaving his gas-powered racer soon. Formula E could see an influx of retired F1 drivers and GP2 veterans, although Agag told Autoweek “I can’t say any names yet.” The series will kickoff in 2014, in the Italian capital of Rome.

Formula E calendar set at ten races, top F1 teams being courted originally appeared on Autoblog on Tue, 16 Jul 2013 18:02:00 EST. Please see our terms for use of feeds.

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Source: FULL ARTICLE at Autoblog

The Dow Gets Modernized

By Alex Planes, The Motley Fool

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On this day in economic and financial history…

Two American economic bellwethers began their tenure on the Dow Jones Industrial Average on March 12, 1987. That day, Coca-Cola and Boeing both became part of the Dow, replacing glassmaker Owens-Illinois and Inco, a nickel-focused miner. A spokesman for the Dow Jones company noted that Inco’s removal was intended to make the index more representative of the market — the Dow had counted four metals companies (including two steelmakers) on its roster of 30 prior to the change. Owens-Illinois was removed in preparation for a pending leveraged buyout from Kohlberg Kravis Roberts.

It was the second time around on the index for both companies. Coke had been part of the Dow from 1932 to 1935. Boeing had been a member from 1930 to 1932 after founder William Boeing brought his company together with other leading aviation concerns to create the United Aircraft and Transport Company, a de facto American aviation trust. This time, the addition proved more durable — and plenty valuable, to boot. In the 25 years following Coke and Boeing’s addition, the Dow grew 470%, but Boeing put up a total return of 900%, while Coke thrashed the index with a massive 3,000% total gain.

You can’t keep these gains bottled up
Coke had another important milestone on March 12, nearly a century before it joined the Dow. The legendary soft drink, in most popular accounts, was first sold in bottles on March 12, 1894, eight years after it was invented by an Atlanta pharmacist. In its earliest years, Coke was sold as a patent medicine (owing to its pharmacy origins), but once the formula passed into the hands of Asa G. Candler, it began to take on the business model of a modern soft drink. There is some debate as to the exact date of the first sale of bottled Coke, but the use of bottles helped Coke expand nationally before refrigeration entered widespread use. The contour bottle, which is still used today with some modern variation, was introduced in 1916, shortly before Candler sold the business.

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Dow on the rise
The Dow also saw another milestone on March 12. The index first broke through the 500-point barrier on March 12, 1956 to close at 500.24 near the end of one of the longest and strongest bull markets in its history. President Dwight Eisenhower‘s re-election seemed relatively assured, and a streak of strong earnings reports and high dividend payouts also contributed to investor enthusiasm, although The Washington Post …read more
Source: FULL ARTICLE at DailyFinance

Congress Slams NKorea Test, Seeks More Sanctions

By Breaking News

North Korea flag SC Congress slams NKorea test, seeks more sanctions

WASHINGTON — Congress is weighing in on international condemnation of North Korea’s nuclear test, and Republicans are calling on the Obama administration to revamp its policy and take a tougher stance against Pyongyang.

The House of Representatives passed a bipartisan resolution Friday by a 412-to-2 vote, calling for the U.S. to work with other countries to impose additional sanctions on North Korea. It also urged China to pressure the North to curtail its nuclear and missile programs and prevent the transshipment of technology that could be used for those programs through Chinese territory.

Washington is currently negotiating in the U.N. Security Council for stronger sanctions against Pyongyang after the council quickly condemned Tuesday’s underground atomic blast, the third conducted by the North since 2006. The North said it was responding to what it called a U.S. threat and has warned of further, unspecified measures of “greater intensity” if Washington remains hostile — possibly signaling further tests if sanctions are tightened further.

State Department spokeswoman Victoria Nuland said Friday that more provocation, like another nuclear test, would only further isolate the North.

“In the face of this aggression, Congress and the American people, Democrats and Republicans alike, will remain vigilant in punishing the North Korean regime and strengthening cooperation with our allies South Korea and Japan,” said Rep. Eliot Engel of New York, the ranking Democrat on the House panel that oversees foreign policy.

Read more at Official Wire. By Matthew Pennington.

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Source: FULL ARTICLE at Western Journalism

North Korea Defies With Nuclear Test

By Breaking News

North Korea flag SC North Korea Defies with Nuclear Test


Pyongyang again disobeyed international efforts to rein in the recalcitrant regime by conducting its third nuclear test. North Korea announced it successfully conducted a test of a “miniaturized and lighter nuclear device with greater explosive force than previously.” Coupled with its successful launch of a long-range missile in December 2012, Pyongyang has achieved another breakthrough in its decades-long quest to threaten the United States with nuclear weapons.

The nuclear test comes less than a month after the United Nations again demanded North Korea “comply fully with its obligations [to] abandon all nuclear weapons and existing nuclear programs” and not conduct any further nuclear tests. Chinese resistance prevented more meaningful punishment for North Korea’s missile launch, though the U.N. meekly “expresse[d] its determination to take significant action in the event of a further DPRK launch or nuclear test.”

Details of the nuclear test remain unknown, but seismic detection agencies confirmed “the event shows clear explosion-like characteristics and its location is roughly congruent with the 2006 and 2009 DPRK nuclear tests.” The detected 4.9 magnitude of the test is larger than North Korea’s two previous nuclear tests. The South Korean Ministry of Defense preliminarily concluded the test may have been 6 to 7 kilotons, larger than the 2006 and 2009 tests, which were 1 kiloton and 4 kilotons, respectively.

It is yet unknown whether the test used plutonium (as in previous tests), uranium, or boosted plutonium (thermonuclear). A uranium test would show that Pyongyang has achieved a second path to nuclear weapons program, while a boosted plutonium weapon could provide significantly greater explosive yields or an expanded nuclear arsenal, since less plutonium is required per weapon.

What is clear is that North Korea has again defied the U.N. Security Council as well as recent efforts by China to prevent its troublesome neighbor from ratcheting up tension on the Korean Peninsula. Kim Jong-un has shown himself to be no less belligerent and dangerous than his predecessors. Kim is also clearly willing to risk incoming South Korean President Park Geun-hye’s nascent efforts to re-engage North Korea, just as Kim Jong-il rejected President Obama’s similar attempts in 2009.

Read More at heritage.org . By Bruce Klingner.

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Source: FULL ARTICLE at Western Journalism