Day: December 24, 2018

US SpaceX First National Security Mission

SpaceX continues making news in 2018. The company first broke its own record from 2017 when it passed 18 launches in year. On Sunday, from Cape Canaveral, Florida, SpaceX launched another record-setting rocket… this one for U.S. national security. Arash Arabasadi reports.

more

Trump Blames Fed for Market Turmoil

U.S. stock markets fell sharply on Monday with the S&P 500 down more than two percent and the Dow off nearly three percent.

President Donald Trump is blaming the Federal Reserve (central bank) for stock market declines and other economic problems.

In tweets, Trump has said the only U.S. economic problem is rising interest rates. He accused Fed chief Jerome Powell of not understanding the market and damaging the economy with rate hikes.

The Fed slashed the key interest rate nearly to zero to boost growth during the recession that started in 2007. The central bank kept rates low for several years.

Eventually, growth recovered, and unemployment dropped to its lowest level in 49 years, and Fed officials judged that the emergency stimulus was no longer needed. Fed leaders voted to reduce the stimulus by raising interest rates gradually. The concern was that too much stimulus could spark inflation. Experts say such a sharp increase in prices could prompt a damaging cycle of price increases leading to rising wage demands, which would spark another round of price hikes.

Analysts quoted in the financial press say Trump’s attacks on the Fed make investors worry that the central bank might lose the independence that allows it to make decisions based on economic factors rather than what is politically popular.

Some economists say investor confidence has also been shaken by Trump’s tariffs on major trading partners. Raising trade costs can reduce trade and cutting trade cuts demand for goods and services, which slows economic growth.

Investor confidence, or a lack of it, can cause stock and other markets to decline as worried stock holders sell shares and prospective investors stop buying available stocks. When buyer demand drops, prices fall.

Another factor hurting investor confidence is the political impasse in Washington over money for Trump’s border wall with Mexico. The bickering means Trump and congress can not agree on spending priorities, so legislation paying some government employees has lapsed.

In an effort to calm turbulent markets, Treasury Secretary Steve Mnuchin spoke with leaders of top U.S. banks in an unusual session Sunday. He says they have the money they need for routine operations.

more

Justice Ginsburg’s Exceptional Life

As Supreme Court justice Ruth Bader Ginsburg recovers from surgery on Friday for early stage lung cancer, two new films are paying tribute to her life and many accomplishments. VOA’s Penelope Poulou reports how the senior justice of Court’s liberal wing is being portrayed on film.

more

Russian Law Enforcement Investigate ISS Capsule Hole

A Russian cosmonaut who explored a mysterious hole in a capsule docked to the International Space Station says Russian law enforcement agencies are investigating what caused the opening.

Sergei Prokopyev said Monday investigators were looking at samples he and crewmate Oleg Kononenko collected during a December 12 spacewalk. Prokopyev and two other astronauts returned to Earth last week after 197-day space station mission.

The hole was spotted on August 30 in the Russian Soyuz spacecraft attached to the station. The crew located and sealed a tiny leak that was creating a slight loss of pressure.

Roscosmos chief Dmitry Rogozin said in September the hole could have been drilled when the capsule was built or in orbit. Rogozin stopped short of blaming crew members, but the statement has caused friction between Roscosmos and NASA.

more

Euronext Has Launched an All-Cash Bid to Acquire Oslo Bors

The leading pan-European stock exchange has launched a 625 million euro takeover bid to acquire the Oslo Stock Exchange.

Euronext, the operator of stock exchanges in Paris, Amsterdam, Brussels, Dublin and Lisbon, said in a statement that it had approached the board of directors of the Oslo Stock Exchange (Oslo Bors VPS) to seek its support for an all-cash offer for all the outstanding shares of Oslo Børs VPS, the Norwegian Stock Exchange and national CSD operator, based in Oslo.

“Euronext strongly believes that Oslo Børs VPS’ unique strategic and competitive positioning, including a global leading position in seafood derivatives and a deep-rooted expertise in oil services and shipping, would further strengthen Euronext’s position as the leading market infrastructure for the financing of the real economy in Europe,” the statement said. 

If the offer is accepted, Euronext would be fully committed to support the development of Oslo Børs VPS and of the broader Norwegian financial ecosystem, the statement said.

Following the initiative of a group of its shareholders to acquire the Oslo Stock Exchange, Euronext has secured support for the offer from shareholders representing 49.6% of all outstanding shares.

However, it is not certain that a transaction will be completed, Euronext’s statement said, but the pan-European stock exchange will communicate material information, if any, in due course.

more

Films on Iconic Justice Ginsburg Detail Exceptional Life and Contributions

As Supreme Court Justice Ruth Bader Ginsburg recovers from recent surgery for early stage lung cancer, two new films are paying tribute to her life and accomplishments.

The documentary “RBG”, by filmmakers Julie Cohen and Betsy West, chronicles the justice’s lifelong legal battles for gender equality, her appointment to the Supreme Court by an overwhelming vote of 96 to 3 in 1993 and her rise as a pop culture icon in America. The feature “On the Basis of Sex”, by Mimi Leder, another female filmmaker, offers a dramatized portrayal of the beginnings of Justice Ginsburg’s illustrious career and her fight for women’s rights, through the lens of her personal life.

Leder’s film follows Justice Ginsburg’s challenges in a man’s world, starting with her first year as a Harvard law student in 1954. She was one of nine female students among more than 500 men, a situation that did not please the school’s dean, played by Sam Waterston. The film shows the character demanding to know why they are occupying seats that could otherwise have gone to young men.

 

“On the Basis of Sex” also looks into Ginsburg’s life as a wife and mother. At some point she was supporting her convalescent husband, who had suffered testicular cancer, by attending both her classes and his.

Daniel Stiepleman, the film’s screenwriter, is Justice Ginsburg’s nephew. He told VOA that apart from her legal acumen and advocacy for women’s rights, he wanted to share his first-hand experience of Ginsburg’s equal partnership with her husband, renowned  tax law attorney Martin Ginsburg.

“My wife and I have always looked up to Aunt Ruth and Uncle Marty as our role models for what a marriage is supposed to be like,” he explained. “They shared the load raising their kids, getting food on the table, and taking care of the house, and we knew that that’s how we wanted to be as well. And so, for me, this was an opportunity to share our good fortune to have them as role models with the rest of the country, the rest of the world.”

Actor Armie Hammer interprets Martin Ginsburg. Hammer says he felt privileged to learn about the man’s character from Ruth Bader Ginsburg herself. “We were very lucky to have time with Justice Ginsburg in her private chambers in the Supreme Court. She invited us in and she was very generous with her time. More than actually answering any of my questions, I learned everything I needed to know about the relationship, [because] the minute his name came up she started smiling. And I could feel that love was very much alive.”

Hammer predicts the film will inspire audiences, especially women during the #MeToo era. “I think it is great for women to see a movie about a woman who changed the world without needing superpowers.”

Ginsburg herself is portrayed by Felicity Jones. It was a role she found, to say the least, challenging. She told VOA, “It was nerve wracking! You don’t enter into that lightly so it was about becoming her in every single way and doing justice to her story.” She also says that though the events surrounding Ruth Bader Ginsburg’s life have been dramatized for the sake of entertainment, they speak truth to power. “It is so important that it does entertain but at the same time, it’s about getting a message into this world and about saying,‘Look what men and women can achieve when they work together, when they have absolute equality.'”

RBG chronicles Justice Ginsburg’s life from her birth to an immigrant Jewish family in Brooklyn, New York, to her rise as a pop culture icon known as “Notorious R.B.G.” Since 2013, when the majority of the Supreme Court justices were conservative, Justice Ginsburg became the most vocal dissenting liberal voice on the court. At that time, New York University law student Shana Knizhnik created a blog about Ginsburg’s fiery dissenting opinions against decisions by the majority conservative justices. She coined the term, “Notorious R.B.G.,” echoing the moniker of a well-known rapper — also from Brooklyn — The Notorious B.I.G. 

Knizhnik’s blog and follow-up best-selling book re-introduced the octogenarian’s pivotal role in the fight for gender equality and women’s rights for more than half a century, and established her as the bulwark of liberalism in the high court. Every time Knizhnik would write about another of Justice Ginsburg’s dissenting opinions, “the web would explode,” comments a young woman in the documentary.

Media strategist Frank Chi created an online graphic of the justice in her Supreme Court robe and white collar and a crown like the one worn by The Notorious B.I.G. The image caught on: tattoos, t-shirts and mugs would carry his design, and images created by others. Chocolatier Sue Cassidy says her company, Choukette, includes a portrait of Ginsburg on chocolate, as part of its Phenomenal Women line. “She has her own box, and we can’t keep them in stock. They are just selling like crazy.”

“I am 84 years old and everybody wants to take a picture with me,” says a mischievous Justice Ginsburg. She has been hailed as a pioneer for gender equality, a tenacious Supreme Court justice, determined to work as long as she can make a difference on the bench. 

In 2011, a year after the death of her husband, Justice Ginsburg spoke with VOA’s Julie Taboh about her legacy. “I hope that I will be remembered as someone who loves the law, loves her country, loved humanity, prizes the dignity of every individual, and works as hard as she can, with whatever talent she has to make the world a little better than it was when I entered it,” she said.

Justice Ginsburg has spoken highly of both films depicting her life. Filmmaker Leder says the justice offered advice for On the Basis of Sex and fact-checked it. “She saw the film and she gave me a hug and a kiss, and that alone was incredible. I feel that women will be inspired not just in this country, but all over the world by the legacy of Ruth Bader Ginsburg, which is her fight for equality, inclusion, her fight against injustice.”

 

more

World’s Most Popular Dinosaur Transforms at Chicago’s Field Museum

You don’t often get a second chance to make a first impression, unless, of course, you’re one of the world’s most popular dinosaurs.

“It’s a different profile, a much more impressive profile in many ways, a pretty scary large animal, as opposed to a lighter, swifter animal,” says the Field Museum’s Director of Exhibitions, Jaap Hoogstraten, who has courted the leading lady of the dinosaurs since she arrived in Chicago nearly twenty years ago.

“Since we put her up in 2000, we’ve made discoveries about the pose. We’ve added the gastralia, which are the belly ribs which changes the outline of Sue quite a bit. Sue is much bulkier.”

The belly ribs are not a new discovery… they’ve existed since the fossil was recovered from obscurity in the rock formations of South Dakota in the early 1990s. That was the beginning of a long legal and physical journey for the world’s largest Tyrannosaurus rex skeleton. Known as Sue, named for paleontologist Sue Hendrickson who discovered it, the well-preserved specimen arrived as the star attraction in Stanley Hall at the Field Museum in 2000.

But scientists only recently learned how the belly ribs fit onto the overall specimen, which now fundamentally changes what we know about the Tyrannosaurus Rex. 

After a nearly year-long transition to a new exhibit specifically designed for her, Sue will look different to the millions who have seen the dinosaur before. 

“I didn’t really realize that Sue weighed nine tons in real life,” says Hilary Hansen, project manager at the Field Museum. “I think really adding this gastralia, these belly ribs, really changes the profile for Sue, and you can get a sense of how formidable and imposing it must have been to share an environment with this animal.”

Hansen explains that the new exhibit doesn’t just change our understanding of the animal itself, such as the fact it probably couldn’t run, but it also show visitors Sue’s natural environment, and place in history.

“What we’re trying to do is bring together everything about Sue that was all over the museum into one space so our visitors can see this as a one stop shop for all things Sue.”

“It pushes what we know about T-Rex forward,” says Hoogstraten, including possible answers to how Sue met her fate.

“One possibility is that there was an infection, and that she possibly starved to death.”

The Field museum typically welcomes over one million visitors a year, a number Hilary Hansen expects to spike when the new Sue exhibit opens to the public just in time for the holiday rush.

“For the next three weeks or so, we’re expecting between seven to ten thousand visitors coming through a day.” Some, revisiting an old friend with a new look. 

But even though science marches on, one mystery about Sue remains. 

Despite the name, experts are still not sure if the dinosaur behind this fossil was male or female.

more

S. Korea Fines BMW $9.9 Million Over Faulty Engines, Delayed Recalls

South Korea said Monday it will fine BMW $9.9 million and will file a criminal complaint against the German automaker for delaying a recall of cars with faulty engines that caught fire. 

South Korea’s transport ministry said its investigation uncovered that BMW knew about the faulty engines, but did not execute a prompt recall. 

The ministry said BMW deliberately tried to cover up the technical issues with the exhaust gas recirculation, or EGR, even after dozens of fires had been reported earlier this year. 

“BMW announced earlier that it had become aware of the connection between the faulty EGR cooler and the fire only on July 20 this year,” the ministry said in a statement. “But we discovered that . . . BMW’s German headquarters had already formed a special team in October 2015 tasked with solving the EGR problem.” 

BMW did eventually mount a recall of more than 170,000 cars. 

The French news agency AFP reports some South Korea parking lots had refused to accept BMW cars for fear the cars would catch fire. 

more

In South Africa, HIV’s Patients Survive Disease But Are Weary of Its Toll

South Africa has the world’s largest antiretroviral therapy program with over 4 million people receiving treatment. But the ARV drug therapy, regarded by many as a panacea for HIV, is complicated and comes with its a number of side effects, both physical and mental. As VOA’s Zaheer Cassim explains from Johannesburg, perceptions of those side effects and the complex nature of the treatment has brought a new serious problem: many people just do not want to take the drugs anymore.

more

World’s Most Popular Dinosaur Transforms at Chicago’s Field Museum

When she emerged from obscurity in the rock formations of South Dakota in the early 1990s, the world’s largest Tyrannosaurus rex skeleton began a long legal and physical journey. Known as Sue, after paleontologist Sue Hendrickson who discovered the skeleton, the well-preserved specimen arrived as the star attraction at Chicago’s Field Museum in 2000. But as VOA’s Kane Farabaugh reports, after a nearly year-long transition, Sue has taken on a new look.

more

California Researchers Working on Tomorrow’s Battery

Batteries have been around for hundreds of years, but don’t go thinking this technology is old hat (old fashioned). Batteries are the future. A team of California Scientists with support from the National Science Foundation are on the cutting edge of building a battery that lasts longer and holds more energy. VOA’s Kevin Enochs reports.

more