Daily Digest 6/24 - Benefits And Prices For Insuring Uninsured, Solar Incentives Announced In Japan, Boiler Rooms
With that lottery, Oregon became a laboratory for studying the effects of extending health insurance to people who previously did not have it. Health economists say the state has become the single best place to study a question at the center of debate in Washington as the Supreme Court prepares to rule, likely next week, on the constitutionality of President Obama’s health care law: What are the costs and benefits of coverage?
The initiative is aimed at easing public opposition to two years of austerity, which led to big vote tallies in last Sunday’s elections for parties opposed to the $170 billion bailout and obliged the more established parties to forge a tenuous coalition. But some of the goals set out in the document are unlikely to please Greece’s creditors, the European Commission, the European Central Bank and the International Monetary Fund, whose officials have repeatedly said in recent weeks that there was only marginal room for maneuvering, with an extension of the deadline for meeting fiscal deficit targets the only likely concession.
Boiler Rooms (jdargis)
Rich countries may not lack standard insurance, Shiller says, but other markets for risk remain underdeveloped. For example, ordinary families have no easy way to protect themselves from the risk posed by sharp moves in house prices. If convenient markets in house-price futures existed, a young couple expecting to need a bigger home with the arrival of children could hedge the risk that house prices in their area might climb into the stratosphere. An older couple expecting to downsize as kids head off to college could hedge the risk that their nest egg might lose value. If the first family could buy a house-price future from the second, both would have their risk reduced. Such is the magic of financial markets.
The massive structures are also vertical gardens, dressed in a living bouquet of climbing flowers, ferns, and bromeliads from around the world. Come evening, these trees will regale the park with light and sound shows. Visitors can look on from a new "Skyway" bridge connecting two 25-meter trees.
What Is "Focus Fusion"? (Arthur Robey)
The plasma focus device consists of two cylindrical copper or berillyum electrodes nested inside each other. The outer electrode is generally no more than 6-7 inches in diameter and a foot long. The electrodes are enclosed in a vacuum chamber with a low pressure gas (the fuel for the reaction) filling the space between them. The plasma focus device is shown in the figure below.
Japanese consumers who decide to install solar panels will be paid roughly 53 cents per kilowatt-hour of solar power that they produce. (To put that number into context, it's about twice as high as the subsidy rate in Germany, which has long been the world leader in solar power). Bloomberg New Energy Finance estimates that the subsidy will encourage consumers to invest up to $9.6 billion in solar power, leading to new solar output equivalent to not one, not two, but three nuclear plants. In other words, the subsidy will make solar power more profitable for both consumers and solar companies, likely making Japan the world’s second-largest market for solar power.
In St. Louis County alone, 670 miles of paved highway and 760 miles of gravel roads have been affected by the floods, Ms. Graning said; much of the water from the flood drained into nearby Lake Superior, but some has entered rivers and streams headed south, so additional flooding is occurring, she said.
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