Credit default swaps are contracts that let investors buy protection to hedge against the risk that corporate or sovereign debt issuers will not meet their payment obligations.
The market peaked at $58 trillion in 2007, according to the Bank for International Settlements, but shrank to $16 trillion seven years later as investors better understood its risks.
The smartphone market has not experienced such sluggish growth since the depths of the economic recession, the report noted, citing research conducted by Strategy Analytics in the third quarter of 2009. Approximately 339.5 million units were sold in the second quarter this year, whereas 295 million units were sold in the second quarter of 2014. Linda Sui, director of Wireless Smartphone Strategies at Strategy Analytics, noted that this could be largely attributed to high penetration rates in the American, Chinese, and European markets.
Jim Simons was a mathematician and cryptographer who realized: the complex math he used to break codes could help explain patterns in the world of finance. Billions later, he’s working to support the next generation of math teachers and scholars. TED’s Chris Anderson sits down with Simons to talk about his extraordinary life in numbers.
The AP reports that some driver advocates like the Center for Auto Safety were concerned that this pledge doesn’t do enough to get automatic breaking systems into cars. Those advocates would rather the government legally require cars to have automatic breaking systems, instead of rely on a voluntary promise to keep drivers safe. Another concern is that automatic braking systems are generally sold as add-ons to luxury vehicles, which would put them out of reach of most consumers.
It was not just the drop in global prices for Brazilian commodities like iron ore, the slumping demand in markets like China, or even the brewing corruption scandal at the national oil company that were hurting the country. Ms. Rousseff’s own economic policies were taking a toll, too, officials concede.
Take My Solar Panel, Please! (jdargis)
For the past seven years, CPS has offered residents the ability to put solar panels on their roof under a net metering model—homeowners use the electricity the panels produce and then sell the excess to the grid. This effort has managed to sign up about 2,100 residential and business customers with a combined capacity of 24 megawatts distributed throughout the service territory. Which isn’t bad.
Biological engineers deal with issues that include food processes, things like making food taste better or making it last longer; and cellular and biomolecular engineering, which concerns “finding better ways to get value from by-products or getting energy from biological materials.” The food industry is a major employer. Engel says there is also a demand in research and development for these graduates, not only in the food and pharmaceutical industries, but also in genetic engineering in plants.
This one is also large, but structured differently from the earlier find. It has a similar sized genome, at 650,000 base pairs long. That’s enough to encode 523 genes, about two-thirds of which aren’t related to anything we know about. Some of the remainder come from their hosts, others somehow were pulled in from bacteria, and the remainder are very distantly related to genes in other giant viruses.
Gold & Silver
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