Since mid-September, when former U.S. Treasury Secretary Larry Summers withdrew his name from consideration to replace Ben Bernanke as chairman of the Federal Reserve next year, market participants have become increasingly interested in the policy views of current Fed vice-chair Janet Yellen, who is now set to take the reins at the central bank when Bernanke’s term expires in January.
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Friday Fun time! Already planning your next vacation as this one draws to a close? Maybe you’ll want to stay in this amazing translucent cabin! http://www.visualnews.com/2013/11/27/translucent-cabin-seemingly-see-cabin-made-wood-mirrors/
Bank of England Governor Mark Carney said there’s “no immediate need” to increase borrowing costs and indicated a debate has begun on forward guidance after U.K. unemployment fell faster than anticipated.
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(via How Winglets Work - Graphic - NYTimes.com)
Airlines are adopting ‘winglets’ at the end of wings and tails, in an effort to increase flight — and ultimately fuel —efficiencies. Winglets can cut fuel use by as much as 5%.
Airlines have also experimented with other weight reduction practices, like lighter paper in in-flight magazines, and replacing flight manuals with tablets.
Next we’ll see ticketing passengers by weight, since 1/3 of the cost of a flight is fuel.
In an exclusive CNBC interview, Kenneth Jacobs, Lazard, chairman & CEO discusses the financial crisis, the global economy and CEO confidence. Jacobs says, "CEO confidence is a factor of the real economy." CNBC's Kayla Tausche reports.
Future steps: exoskeleton lets paralyzed snowmobiler walk again
Robotic exoskeletons are a staple of sci-fi, pointing to a future where technology can overcome serious injury and bestow superhuman powers on people. But that future is here today for Paul Thacker, who uses an exoskeleton about once a month to stand up and walk around — no small feat, considering he’s paralyzed from the chest down.