Synopsis: Banks & insurance: Banks and banking:


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Nature News The global drive to eliminate the last pockets of polio infection is to receive a boost of more than half-a billion dollars from international donors.

which Rotary matched dollar for dollar. The new money will go to vaccination programmes, better disease surveillance and research on new vaccines.


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Loans but not grants have been provided on this basis before, for example, through the World bank's Millennium Science Initiative."


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says Alistair Steel, executive director of the Brussels-based industry group Euro Chlor. Traditionally, chlorine production has used a mercury electrode in the electrolysis of sodium chloride,


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Yin contributed 3 billion Taiwanese dollars, the equivalent of roughly US$100 million, to set up the Tang Prize Foundation.

Each prize will consist of 40 million Taiwanese dollars (US$1. 34 million) as well as a 10-million-Taiwanese-dollar research grant.

but winners of the Tang Prize#either individuals or institutions#will not only get the 40-million-Taiwanese-dollar prize money,

but also receive 10 million Taiwanese dollars for their areas of research. The Tang Dynasty was renowned for its sophisticated cultural and scientific achievements.


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#South korea makes billion-dollar bet on fusion power South korea has embarked on the development of a preliminary concept design for a fusion power demonstration reactor in collaboration with the US Department of energy's Princeton Plasma physics Laboratory (PPPL) in New jersey.


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"Even on the low end, they still cost in the hundreds of dollars per gram,


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In particular, millions of dollars have been poured into drugs that inhibit a protein called PCSK9, an enzyme involved in cholesterol synthesis. This approach lowers LDL


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which included billions of dollars for science, and also charged the OSTP with improving public access to research (see Into the open).


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"It s a huge unmet need, says David Ferreiro, a biotechnology analyst with investment bank Oppenheimer & Company in New york,


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Image credit: Tom Deerinck, NCMIR, UC San diego. In the new Molecular Psychiatry paper, conducted with collaborators across the country and world,


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Image credit: Hari Prasad and Rajini Rao. Based on their autism research, the team suspected that the boost NHE9 gave to glioblastomas was explained by abnormal endosome acidity.


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Anyone caught participating in such unlawful activity as free speech will be fined up to about $600 (30,000 rubles)


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Could Your Body parts Replace Credit cards? Credit card security breaches are becoming more and more common, and customers'personal information is being exposed.

Could biometric payment methods replace credit cards altogether? Researchers from Tsinghua University and Tzekwan technology, a financial security protection firm, have announced the first ATM that works with facial recognition capabilities, reports the South China Morning Post.

The researchers stated that this new kind of ATM MACHINE will apply facial recognition technology, high-speed banknote handling,

and an improved capacity to recognize counterfeit bills. Gu Zikun, Tzekwan chairman, said that the machine would soon be available on the market.

but Baltimore Securityplus Federal Credit union did run a trial for a machine that used facial recognition tech


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#'Edible Barcodes'Help Fight Counterfeit Drugs Who knew that the answer to fighting the trillion-dollar global counterfeit drug problem rested in a particle the size of a speck of dust?


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Pressing the device big black button creates a vacuum that sucks the blood into a maze of tiny channels within its disposable credit cardized cartridge.


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But whereas a power plant is huge and costs hundreds of millions of dollars to build,


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For instance commodity traders might pay top dollar for detailed information on the level of oil in Saudi arabia's storage facilities.


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And it won't break the bank. Ardusat-1 and Ardusat-X were launched to the International space station (ISS) on 3 august aboard a Japanese resupply vehicle


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#Multibillion-dollar race to put internet into orbit The next-generation internet could come from above, with fleets of satellites delivering broadband to under-served areas of the world THE race is on to build a new kind of internet.

A host of companies and billions of dollars are in play, with the ultimate goal of ringing the planet with satellites that will allow anyone, anywhere,


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but are made for a few hundred dollars less and operate with greater efficiency, Coe-Sullivan says.


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How financial institutions can reduce risk by sharing threat intelligence; Developing cybersecurity policy frameworks for autonomous vehicles like drones and self-driving cars;


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In one of its earliest studies with a Bank of america call center for instance Sociometric tracked co-workers for three months.

Sure enough when the bank instituted the changes Sociometric measured a 15 to 20 percent bump in productivity a 19 percent drop in stress levels and decreased turnover from 40 to 12 percent.

Peter Gloor a researcher in the Center for Collective Intelligence was using surveys of employees at a German bank where the marketing division was split into four teams located across 10 rooms on two floors.

The bank wanted to know how this physical layout affected productivity and job satisfaction. Waber Pentland and other researchers developed

and deployed 22 prototypes of Sociometric badges at the bank for a month registering when two wearers were talking to one another and for how long.

Armed with these results the bank rearranged its layout to increase the proximity of the close-knit employees


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In launching Keystone, Smith gives some credit to MIT Venture Mentoring Service (VMS), which advised the startup cofounders on everything from early company formation to scaling up the business.


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Over a four-day period he says ride sharing saved $18000 in fares and operational costs and more than 1000 pounds in carbon emissions.


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This system can be built at a very low cost relative to the million-dollar MRI machines used in a hospital Peng says.


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which can cost hundreds of millions of dollars Currently the startup has raised $6 million in funding


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which requires introducing mutations into embryonic stem cells can take more than a year and costs hundreds of thousands of dollars.


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Arnold Scott, vice chairman and director of First Commons Bank, who was involved not in this research but mentored the group in the MIT $100k Entrepreneurship Competition, says this approach s very important because of its size.


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The cryptographic schemes that protect online banking and credit card purchases have proven their reliability over decades.

As more of our data moves online a more pressing concern may be its inadvertent misuse by people authorized to access it.


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can lead to hundreds of thousands of dollars in avoidable annual costs. That why KGS aims to ake buildings betterwith cloud-based software, called Clockworks, that collects existing data on a building equipment specifically in HVAC (heating, ventilation,


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and test winches and cables Looking back Glass credits his undergraduate years on MIT s Solar Electrical Vehicle Team a student organization that builds and races solar


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At that rate, a winery would shave about 2 pounds of CO2 per case off of its carbon footprint


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and food can pose safety risks and cost governments and private companies hundreds of billions of dollars annually.

smartphone-readable particle that they believe could be deployed to help authenticate currency, electronic parts, and luxury goods, among other products.

or printed onto currency, the researchers say. They could also be incorporated into ink that artists could use to authenticate their artwork.


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#One currency one price? Economics has a aw of one price, which states that identical goods should, in theory,

along with a colleague from the University of Chicago, presents evidence of a strong convergence of prices within the Eurozone, the region of European countries sharing a common currency.

whose currencies are pegged to the Euro. hat is surprising about our paper is that we found the law of one price,

nd we found it to be very strongly dependent on the currency in which the prices are quoted.

Indeed, the unity of the currency seems to be a more powerful factor in determining prices than the characteristics of particular countries

and another co-author of the paper. ee finding those things don seem to matter relative to the retailer showing prices in the same currency.

the variation in prices observed in non-Euro countries most likely does not come from variations in production and distribution.

More evidence for the idea that the common currency drives identical pricing is that in countries like Denmark,

which do not use the Euro but peg their currencies to it, prices diverge markedly from nearby Eurozone countries.

The same holds for countries that do not use the U s. dollar, but peg their own currencies to it. hen we look at countries that do not use the same currency

but are pegged, we still find an enormous amount of dispersion, Cavallo says. hat points to the fact it not the flexibility

Cavallo says. r it could be that these firms just think about their pricing just in terms of currencies.

Whatever the benefits or flaws of the Eurozone, the research indicates that the common currency is delivering on one of the stated aims of its backers:

aving one currency means implicitly that in good times, you are buying the price stability of Germany.

if this zero volatility has to do with countries being in a currency union, versus if it is fixed because of a exchange rate,

For instance, with the entrance of Latvia to the Eurozone, they are now comparing how that change in currency has affected prices in Latvia u


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or thousands of dollars upfront Hynes says. When a fleet customer looks at the numbers they want to see benefits based on fuel savings


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or aid in stroke recovery is a multibillion-dollar endeavor that only rarely pays off in the form of government-approved pharmaceuticals.


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which include banks retail firms and telecommunications companies worldwide. After the purchase the Ksplice team joined Oracle to help the company integrate the software in its products.


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#Mobile money helps Kenyans weather financial storms Only about one-fourth of Kenyans have access to a traditional bank,

friends, and relatives often rely on informal agreements to make loans with one another when times are hard.

Mobile phone usage is far more prevalent in Kenya than traditional banking is and the system lets people transfer money by text message.

Among other things, she is now studying the financing of small-scale distributed solar power in areas of Kenya without either a formal grid or established banking systems;


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capstan-based mechanism ensures that the battery-powered device can lift two soldiers sometimes carrying 80 to 100 pounds of equipment swiftly along an attached rope, without jamming.

dubbed the APA-5 developed with funding from the Office of Naval Research Tech Solutions Program weighs roughly 20 pounds

and can lift up to 600 pounds at speeds of up to several feet per second. First designed for soldiers who plunged into caves and wells in Iraq and Afghanistan

Original specifications for the invention called for a device that weighed less than 25 pounds and could hoist 250 pounds 50 feet vertically in five seconds a remarkably high power-to-weight ratio exceeding that of a Dodge Viper, the team calculated.

Using drill batteries and other custom-designed equipment, the team completed a working prototype that achieved a 50-foot lift in seven seconds.

and launch their first product, the APA-3. Weighing 28 pounds, the first APA could lift up to 350 pounds at 5 feet per second,

and was adopted by several U s. military groups.)As one of the few companies in the relatively new but growing power-ascension market, Atlas has needed to continually hone APA specifications to meet field and customer expectations.

with smaller diameters. o carry a 200-foot section of rope was up to 15 pounds;

now it closer to 8 pounds, Ball says. ee always trying to find better ways to accomplish things.

Ball specifically credits former technology transfer specialist Lisa Shaler-Clark as instrumental in taking the APA rom the lab bench to the field.


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reduces out-of-pocket expenses or unpaid medical debt; and increases self-reported good health. In a 2013 paper published in the New england Journal of Medicine,


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by the MIT $100k Entrepreneurship Competition has earned millions of dollars in private and federal funding. In 2012, Semprus sold to a medical device-manufacturing giant for an amount that could reach $80 million.


newsoffice.mit.edu 2015 000011.txt

These artisans often rely on microcredit loans with high interest rates to fund their initial production, and can expect to see an average return of only 5 to 20 percent of the retail price of their goods. he supply chain design behind Morocrafts is part of Zyad business strategy,

The platform will also provide interest-free credit loans to artisans in order to ease barrier of entry,


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But this machine cost about $200 and weighed over 100 pounds, meaning villagers couldn easily afford


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billions of dollars could be saved. Not just finding the culprits These early innovations to the hardware have nabled Essess to have this large-scale,


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Apple and Mastercard adopting the technology. Biometric sensors are getting smaller and the ease with


phys_org 00028.txt

a film roughly the size of a sheet of paper costs only a few euros. Ensinger says that the price of gold is not a factor


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but are made for a few hundred dollars less and operate with greater efficiency, Coe-Sullivan says.


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"Acknowledged Project The now patented Biogàsplus technology received in 2011 a 100,000 dollar grant from the Bill & Melinda Gates Foundation.


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which corresponds to about one-third of a thousand-trillionth of a pound or one-seventh of a thousand-trillionth of a kilogram.


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"Besides the evident application in replacing the typical'rainbow holograms'of credit cards and other security items,


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Each device would probably cost pennies instead of pounds making it ideal technology for use in developing countries where there are not enough medically trained staff to effectively monitor


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El-Naggar credits Sahand Pirbadian USC graduate student with devising an ingenious yet simple strategy to make the discovery.


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Venkataraman credits organic materials chemist Gehan with postdoctoral fellow and device physicist Monojit Bag with making crucial observations and using persistent detective work to get past various roadblocks in the experiments.


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The study may have great implications to a multi-billion dollar electronics industry that seeks to revolutionize technology at scales 80000 times smaller than the human hair.


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"It has the potential to totally change the world's electronic basis. It's a trillion-dollar prospect. l


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or emboss the raised numerals on credit cardsould process nanoparticles more subtly than the most advanced chemistry.

but could be done today with the same equipment used by anyone who makes credit cards.""The method can be used to configure new types of materials.


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or thousands of dollars you'd shell out to buy one. Even the minimalist#Printrbot Simple retails at $299.#


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Eliminating the expendable rockets needed to boost the shuttle into space could theoretically reduce the cost of launches from $10000 per pound to $1000 per pound.

Each pound you put into orbit requires about 10 pounds or so of fuel to get it there says NASA's Dumbacher.


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but at the time cost nearly $5 per pound. â ##What we don t know is


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Its goal is less than a dollar per test. And at that price, it's potentially the cheapest system yet s


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which now bisects the room It takes one hand and almost no effort--a feat that's to his credit not mine.


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For lenders interested in making sure loan repayments happen on schedule moving collateral can present an investment risk.

Now The New york times reports that some lenders are protecting their investments by making sure the cars are never really out of their control.

Thanks to GPS phone apps and ignition locking devices lenders can remotely shut down the car of someone who's behind on payments.

These devices mean lenders always know where the car is and can alert the owners

Often the shutdown of a car leads to an immediate loan payment if the borrower is capable though

because these are typically subprime loans that isn t always the case. Payment locks have spawned a whole cyberpunk culture built around hacking the devices.

In turn lenders are installing fake devices to outwit hacking attempts. From the story: These devices are distinct from previous attempts in car hacking not in function but in initiation.

With lenders installing ignition-locking devices as a loan condition the cars are sold instead effectively pre-hacked d


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It will carry a full nine person infantry squad along with their equipment up to 3200 pounds total.

The vehicle itself will weigh no more than 4500 pounds making the fully loaded and crewed vehicle under 8000 pounds.

It has to fit inside a CH-47 Chinook cargo helicopter so that the crew can drive right in


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There is so much demand for the open source products sold on the site that the waiting list alone contains nearly half a million dollars worth of orders.


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but doing so at high speeds in three dimensions on a rocking platform in the middle of the ocean with airplanes worth millions of dollars The X-47b#has earned a pair of nicknames:#


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The Alang ship recycling hub in Gujarat India will upgrade 70 shipbreaking yards over the next four years thanks to a US$ 180 million loan IHS Maritime has reported.

the proposal envisages that the loan will be repaid over 40 years at an interest rate of 1. 4%.Planned upgrades will cover:


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and weighs around 60 pounds. According to Bloomberg Businessweek Magazine the plan is to start slowly with 20 Peppers by the end of the year.


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Image credit: 4bpblogspot. co n


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#Jerry the Bear: A robotic learning coach for kids with type 1 diabetes Less than three campaign days left!


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We are way past the MULTI-BILLION dollars in investments by now. Thanks Sebastian. Â s


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The document says that there will be subsidies of up to 30000 yuan (4800 US dollars) for those who purchase


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and its global market size is expected to reach 500 billion US dollars by 2020 the year by which the Korean government had set out to have a robot in every household.


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Both drones have fixed wings weigh less than 55 pounds each and have wingspans of less than 10 feet


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and technical staff â##they all deserve as much credit. The Distributed Flight Array is currently being used at the Institute for Dynamic Systems and Control at ETH Zurich as a modular robotics platform for investigating algorithms in distributed estimation and control.

Raffaello Dndrea Maximilian Kriegleder Igor Thommen and Marc A. Corzilliusphoto credit: Raymond Oungnote: This post is part of our Swiss Robots Series.


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During an Oct 9 panel discussion at the World bank Group-IMF Annual Meetings in Lima, Peru, seven public and private experts converged to talk about renewable energy,

the largest financial services group in Norway, talked about the state of renewables. The money for renewable investments is there said,


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the World bank delivered some great news recently. For the first time in history, extreme poverty (people living on less than $1. 90 each day) worldwide is set to fall to below 10%.


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The Engineering Professional Education program provides non-credit online courses designed for"lifelong learners, "led by instructors who come from the field."


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Deploying them could cost more than a trillion dollars, one expert estimates. The new study puts the concept of CDR to the testithout getting into the specifics of which technology to use.


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scientists had to put banks of speakers on opposite sides of it, or a bank on one side and a sound reflector on the other.

In the new study, reported online today in Nature Communications, physicists achieve levitation using just one block of speakers on one side.


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a 100-pound biped robot designed by the team, along with the interface, for disaster response.


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Ram lab aims to overcome major hurdles in integrating optical interconnection for microprocessors within existing manufacturing systems. typical microprocessor fab costs between 1 and 3 billion dollars,


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From these configurations, the program creates Protein Data Bank (PDB) files to be passed to molecular dynamics software.


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the proliferation of these billion-dollar startups has raised eyebrows as well as concerns in the fast-moving technology sector.

All of these firms are not going to get a multibillion dollar buyout or massive public offering.

The biggest'unicorns'roaming the US Billion-dollar startups or"unicorns"have been multiplying but only a small number have reached the value of $10 billionarning the nickname"decacorns."


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"Rasmussen credits PPPL with providing help and support during critical points in her project.""It was and continues to be a wonderful resource not just because of the plasma physics but the people,

300 pounds of supplies and payloads, including material for research experiments, to the International space station National Laboratory.


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#Assuring solar modules will last for decades The Energy department's National Renewable energy Laboratory (NREL) is co-leading an international push to assure the reliability of solar panelsn assurance demanded by customers, manufacturers, lenders, and utilities.

System-level inspectionsssential for lenders and insurers Assuring solar modules will last for decades Work by Namaste Solar installing PV modules on the roof of the parking structure on NREL's South Table

Lenders and insurers want that kind of certification to know how to set rates or to determine

Wells fargo Environmental finance Banker Jon Previtali told the international gathering that 3. 7 gigawatts of utility-scale solar were installed in the United states in 2014.

and inspections ore Previtali also noted that more banks are jumping into the solar market,

He noted that his bank faced decisions on advancing huge sums of money to two solar projects that had eleventh-hour problems with solar panel reliability.

The bank assembled a team to set rules for fixing the problems and adjust the revenue projections based on the likelihood of lower overall energy output.

It's important that the bank and the developer agree to the precise type of testot, for example,

when his bank has concerns about performance ratio tests, he likely will turn to new work at NREL headed by Jordan on the methodology of calculating degradation rates."


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The chip itself is small-3 cm by 2 cm-and only costs about a dollar to manufacture, according to Sui.


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Zhuang credits a talented interdisciplinary team graduate student Kok Hao Chen and postdoctoral researchers Alistair Boettiger, Jeffrey Moffitt,


R_profit.ndtv.com_news_banking-finance 2015 00042.txt.txt

The sell off began late on Tuesday on speculation that the central bank was in no rush to inject more stimulus into the world's second-largest economy

"said Tim Condon, head of Asia research for ING BANK in Singapore. The economy is already under threat of deflation

the state margin lender tasked with buying stocks and propping up prices. The margin-lender is part of a"national team"of Chinese financial institutions assembled by Beijing to prop up prices.

The team was formed last month, after a long and stunning rally in Chinese markets ended in panic selling.

where the yuan fell away from the official reference rate set by the central bank each morning.

The People's Bank of china (PBOC) devalued the currency on August 11, within a few days of the poor July export data and other official figures showing factory-gate prices continued their three-year slide in July, touching a six-year

The yuan has fallen 3 per cent against the dollar since the eve of the devaluation,

but that marks only a partial reversal of its gains over the past 12 months, especially against currencies of major trading partners Japan and the euro zone.

Bank of america Merrill lynch said on Wednesday the yuan could be allowed to depreciate to 6. 5 to the dollar by the end of this year and 6. 9 by end 2016

The devaluation last week triggered falls in other Asian currencies such as those of Australia, New zealand, Indonesia,

Singapore and Taiwan, fuelling fears of a currency war. On Wednesday, Vietnam devalued the dong for the third time this year as authorities sought to support a languid export sector facing fresh challenges from the Chinese devaluation n


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a delay in the recovery in earnings has led Macquarie, Barclays and Ambit to downgrade Indian shares over the last few days s


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"said one investment banker with a foreign lender.""Big IPOS demand may not get hit as much, but valuations certainly will."

"Bankers and investors in India had hoped previously for a bumper year for IPOS, with 13 companies already having listed so far this year-the most since 2011."

Analysts warn more uncertainty is given in store the US Federal reserve is expected to raise interest rates as early as September,

"said Kaustubh Kulkarni, head of investment banking at J p morgan India a


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#Edible Oil Producers Fight Battle Against Cheap Palm oil Imports Dewas: Rajesh Agrawal had built two large oilseed crushing mills in central India,


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Silver lake and Singapore state-owned investor Temasek Holdings-as well as the issuance of the tracking stock, new debt and cash on hand.


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but the institute has made undoubtedly a brave decision in rejecting the billions of dollars of contracts thrown at the military weapons industries.


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a manual analysis would take up to 500.000 work hours and an investment of millions of Euros.


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and eat more animal protein (8 pounds of grains are needed for 1 pound of beef).


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and the document credits former Primesense employees as its creator t


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#Square Brings Accountability To Email Marketing Square is in the process of building up a series of products and services that use its payments platform as a foundation.

It hard to overstate the importance of being able to directly track the return on your investment in this email marketing by equating it with dollars spent in your establishment.


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