Peter Schiff, author of Crash Proof: How to Profit from the Coming Economic Collapse , speaks with Justin Fox from TIME about how he, more or less, predicted the recession in which we're currently suffering, and got mocked for it. His book, published in February of 2007, scored him interviews on high-profile financial talkshows on CNBC and Fox, where he was mocked and dismissed by other commentators as being pessimistic and a bit crazy.
While the North American International Auto Show is being held in Detroit, the city has seen better days. Even though the Big 3 automakers are looking to make a large comeback this year, despite the poor economy, Detroit still suffers in the aftermath of their near-collapse. Ford CEO Alan Mulally, who has helped push his company through the dismal 2009 automotive year, offers some advice on how to revive Detroit.
CNN had the chance to visit the North American International Auto Show this week, where "green" has consistently been the biggest buzzword. From smaller cars, to hybrids and all-electric vehicles, fuel-efficiency and environmentally-friendly practices are No. 1 in Detroit. Also significant is interim CEO of GM Ed Whitacre's statement on the future of his company: he is sure they will be able to pay back the government loans, and they have no more plant closures on the docket.
CNN lists the 10 best and worst jobs for Americans in 2009, with actuaries and historians ranking highly for competitive salaries and normal business hours. Among the worst? Pretty much anything manufacturing, which is a shame. According to CNN , welding is among the worst possible jobs an American can have.
Table saws are responsible for countless workplace incidents every year, whether it comes down to carelessness, lack of training, or just plain bad luck. But some new technology is hoping to change that, and there's potential for these ideas to be migrated over to other heavy, dangerous machinery, such as those you see every day on the plant floor.
In the fast-growing market for wind power systems, quality assurance according to international industrial standards has become an important issue. Wind power plants are no longer a niche playground for environmental proponents, but a serious business where cost efficiency, life cycle costs, reliability, and availability of the components must be considered.
Th!ink has just opened its first North American manufacturing plant, where they will employ 400 to build the Think City, an electric car with a top speed of 70mph and a range of roughly 100 miles. While the company has found success in Europe, they didn't believe the technology was mature enough for the U.
If you're like me, you just bought a brand new HDTV. They're great. Well, like the gadgets in the above video, you'll be sad to know that your recent purchase is now "obsolete." If TV manufacturers have anything to do with it, 3D telveisions will be the next big thing. With blockbuster films like "Avatar" showcasing how 3D technology has advanced since the dizzying blue-and-red goggles of the past, it seems as though 3D HDTVs will soon be taking over the world of home entertainment.
We all know unemployment rates are through the roof. But how much longer is this streak of joblessness going to last? Bob Parker, vice chairman of Credit Suisse Asset Management, discusses some of the specifics regarding how the U.S. (and Europe) will recover from this downturn. His main contention? While 2010 will see a decline in unemployment rates, they will be slow to fall, and we may not see rates drop below 9 percent until next year.
The swine flu scare in the U.S. is, unlike some technology, something that won’t become obsolete in the new year. In fact, drug manufacturers are working harder than ever to meet the incredible demand for the influenza vaccine. So before you go get poked with a needle carrying a dose of the influenza antigens, maybe you’d like to see how the vaccine is made.
The beginning of a new decade is a perfect excuse to practice the oft-quoted adage: “Out with the old, in with the new.” This isn’t more true than in the world of technology. CNN walks through some of the technology that seems to be dead in the new decade. Some — like dial-up internet and classifieds in your local paper — are pretty obvious.
Many businesses that attempt to use lean techniques in their business often find employees reluctant to embrace changes. However, author Robert Hafey of “Lean Safety, Transforming Your Safety Culture with Lean Management” says a lean safety program can not only improve your company’s safety record, but also help workers accept lean in your company.
Nobody would believe it until they saw it—especially leery investors. But FlexEthanol technology is here today and readily available. October 15 was the big day for Coskata Inc. After more than three years spent refining the technology that has excited investors like General Motors, the ambitious cellulosic ethanol company declared itself open for business.
As part of its compliance with a PepsiCo corporate mandate on resource conservation, the Quaker Oats Bridgeview Division food manufacturing plant has installed two Miura Boiler LX200 gas-fired steam boilers to reduce fuel and water consumption, increase energy efficiency, and cut emissions.
Vertal, a British composting company, has introduced some of the most innovative technology when it comes to turning our organic waste — you know, that steak you couldn't quite finish last weekend — into energy. Unlike other technologies, the process is entirely self-heated, so the company does not have to use any energy in the composting process, which is called autothermal thermophilic aerobic digestion.
Hackers can bring down government agencies, hijack websites, and snoop on private information. But sometimes, they're just looking for a job. At the U.S. Cyber Challenge, hackers battle each other in a multi-faceted battle — they have to exploit other systems while protecting their own. The contest isn't just about being able to hack into another system, but rather finding these intelligent and tech-savvy youth constructive and non-exploitative outlets for their hacking skills.
Like most anything else eaten during the holidays, most of us don't know where candy canes come from, or how they're made. Turns out it's not all that different from making steel. Just more... sweet. If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.
Christmas lights are a trademark of the season, but some homeowners take the tradition a little further than others. While some settle for a single dim string on the bush beside their front door, others opt for something more luminescent. See what happens when a database engineer from Middletown, OH gets into the holiday spirit.
Every year, Hong Kong lights up for the holidays. That is, they decorate their high-rise buildings in millions lights, all in dazzling displays and patterns. For years, the bulbs were a drain on the city's electrical supply, until the designers began to switch to energy-efficient, long-lasting LED lights.
The aluminum division of CMWA approached the Environmental and Energy Systems group of Dürr Systems Inc. in keeping with their green factory efforts and a focus on reducing fuel consumption. The plant was in the midst of a company-wide initiative to reduce energy at both the aluminum and steel wheel divisions.
An idled pipe and cold temperatures set off a series of events that culminated in a gas explosion and chlorine gas release at Valero's McKee refinery. The CSB looks at ways the incident could have been avoided. If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.
Researchers at the Britain's National Physical Laboratory (NPL) made a tiny snowman out of two tin beads, and then went as far as to mill out a smile and eyes using a focused ion beam. The little guy's nose, which is under 1 µm wide (or 0.001 mm), was made out of platinum and was deposited by an ion beam.
TIME technology editor Peter Ha counts down his top 10 gadgets released this year, and it runs the gauntlet from cool to crazy. There's the standard cell phones and digital cameras, with some interesting additons from a wristwatch (who wears those anymore?) and a bladeless fan . [ Time.com ] If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.
As most of us know, Boeing's long-awaited 787 Dreamliner took its maiden voyage on Tuesday, marking the end of a construction process that has been delayed for more than two years due to labor issues and malfunctioning components. While the plane still has a battery of tests to complete before the first models are shipped off to airlines around the world, the first flight represents a significant leap forward for the project.
In the Shandong province of China, some entrepreneurs have started building their own emission-free electric vehicles, much like what we will someday see in the Nissan Leaf or the Chevrolet Volt, to an extent. Thing is, these cars weren't exactly legal to start out. But now that so many companies and individuals have stepped up to retrofit cars with electric drivetrains, demand is steadily rising.