On 14 May 2018 the Energy and Environment Partnership Trust Fund opened two funding windows i.e EEP Innovation and EEP Catalyst. An application guide in available here.
In 2008 Jerome Kerviel, a French national, was formally charged with the trading incident in which Société De Générale lost close to € 5 billion. Jerome held pole position as the greatest rogue trader to tread the earth. Until Bernard Madoff turned up. Last week Fabrice Tourre, believed to be the architect of the sub-prime mortgage mess, took leave to wait out an SEC probe into privileged hedging aided (and some say abetted) by Goldman Sachs . Mr Tourre is a French national. France has a history of producing some of the best brains in mathematics: Siméon-Denis Poisson (1781-1840), Joseph Fourier (1768–1830) and, of course, Pierre-Simon Laplace (1749 – 1827). Concocting complex derivatives demands a high aptitude for numbers, a trait shared by Monsieur Kerviel and Tourre. We haven't seen the last of French mathematicians brewing complex algorithms.
Was Milton Friedman right when he said that a government solution to a problem is usually as bad as the problem ? 2008 has turned out to be far worse than suggested in my December 2007 post. The US government has shovelled trillions of dollars into financial institutions but the liquidity issue refuses to walk away. America has seen unprececdented government market intervention. One sees Uncle Sam's hands all over corporate America. What started off as a subprime mortage fiasco has sipped into the real economy. Everything from commodities through stocks to retail sales has been affected by the financial market implosion. This crisis has claimed several giants. The Big Three US car manufacturers are living off government goodwill. Fannie Mae and Freddie Mac are under intensive government care. Citigroup, once the biggest bank (market capitalisation), is suckling from the state. What does the year 2009 have in store for the US economy? Expect to see less US influence i...
A mobile phone is a miniature telephone exchange. It accepts incoming calls, initiates outgoing calls and can act as a repeater by forwarding calls or as a switch through teleconferencing. These are the basic features of a telephone exchange. TerraNet , a Swedish firm, has exploited these features to facilitate free mobile-to-mobile calls. Using peer-to-peer technology, a cluster of mobile phones can communicate without the need to go through a base station (switch) provided they are within 1,000m of each other. This technology, being trialled in Ecuador and Tanzania, is perfect for developing countries where infrastructure is as limited as disposable income. Because mobile phones can forward calls, the effective communication distance can be extended from a 1 kilometer radius to about 20 kilometers. That is sufficient to cover most rural communities and, for example, university campuses. Like Skype , this is a subvertive, effective and disruptive technology. While manufacturers...
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