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IN THE NEWS | 28 August 2017

One World of Nations
28 August 2017

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OWON: Back we go to the hyperloop concepts. It's both needed and long overdue.

SpaceX Hyperloop Competition: Top 3 teams duke it out for fastest pod

Hawthorne councilmembers, members of the California Assembly, and Hawthorne Mayor Alex Vargas were in attendance at the headquarters of SpaceX and The Boring Company for their jointly-hosted Hyperloop Competition 2.

The second such Hyperloop competition sponsored by Elon Musk, the eight months that separated them were filled to the brim with press coverage of The Boring Company (TBC), which has begun to seriously develop an experimental tunnel beneath a central street in Hawthorne, CA. Most intriguingly, TBC publicly acknowledged that it is now pursuing the development of its own form of Hyperloop technology, originally developed and released as a white paper by Elon Musk, albeit with tunnels rather than above-ground vacuum tube constructs.

The second competition was focused on one goal, above all others: top speed. The final three teams chosen for testing in SpaceX’s mile-long vacuum tube were as international as ever. Paradigm Hyperloop, a continuation of the Openloop team from Competition 1, is composed of 26 students from the northeastern U.S. and Canada, designed a pod that made use of air bearings to levitate and was intended to travel as fast as 200 mph through SpaceX’s test track. While not yet officially confirmed, a livestream suggested that their pod reached a maximum speed of approximately 100 km/h or 62 mph. While nowhere near its purported top speed, a member of Paradigm Hyperloop said that the team’s pod “levitated perfectly” and that the test generally went great. Their pod was one of the largest, weighing in at almost a metric ton...


OWON: So, Theresa wants to tackle Corporate Greed. About time.

Theresa May attacks 'unacceptable face of capitalism'

Businesses who pay excessive salaries to senior executives represent the "unacceptable face of capitalism", Prime Minister Theresa May has said.

The "excesses" of some bosses was undermining confidence and "damaging the social fabric of our country", she wrote in the Mail on Sunday.

Firms that face shareholder revolts over salaries and bonuses will be named on a new public register, Mrs May said.

She also said firms could decide how workers are represented in boardrooms.

The Conservatives' manifesto said executive pay should be approved by an annual vote of shareholders.

Mrs May's article does not mention this commitment, but instead says firms that have a "shareholder revolt" on pay will be named on a new public register.

The Department for Business, Energy and Industrial Strategy said that a "revolt" would be defined as 20% of shareholder opposition.

UK trade body the Investment Association has been appointed to set up the public register, which it said would be "the world's first of its kind".

It said it would launch the register by the end of the year...


OWON: Houston gets a taste of things to come.

Storm Harvey: Houston battles 'unprecedented' floods

The US city of Houston is in the grip of the biggest storm in the history of the state of Texas, officials say.

A record 30in of rain (75cm) has fallen on the city in the wake of Hurricane Harvey, turning roads into rivers.

The area is expected to have received a year's rainfall within a week. Five people are reported dead. Helicopters have plucked victims from rooftops.

With rescue services overstretched as the rain continues, many people are having to fend for themselves.

Hospitals have been evacuated and thousands of people are without electricity...


OWON: As with all too many divorces, Gimme, Gimme, Gimme has clawed its way in. The EU is just about to find what NO, Shove It!!! means. The UK will walk if need be and leave them with nothing. Over is over, it's not a ticket to free ride for life.

Their Butts have been carried for long enough. Time to show what they can do alone.

Divorce bill remains sticking point as Brexit negotiations resume

Senior EU diplomats warn progress in this week’s negotiations will be difficult unless UK agrees how to calculate final Brexit bill.

Britain’s talks on leaving the European Union will resume on Monday amid a deepening standoff over the UK’s financial obligations.

As the Brexit secretary, David Davis, calls for “flexibility and imagination” to break the deadlock, senior EU diplomats say their chief negotiator, Michel Barnier, will find it difficult to make progress until they have agreed how to calculate the amount Britain must pay to leave.

Three and a half days of talks resume against the backdrop of a shift in policy from Labour and with both sides saying there is unlikely to be a major breakthrough.

Brussels is infuriated at Davis’s refusal to spell out how the UK’s liabilities to the EU should be calculated, let alone put a figure on the final bill estimated at €75bn.

Reports have suggested that ministers are ready to pay up to €40bn (£36bn) as the price of getting on with trade talks.

The EU has said any attempt by the British to defer a deal on Brexit money could lead to the collapse of the talks...

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