Eco Factor: Tiny solar cells expected to produce more power at less cost.
Researchers at the Sandia National Laboratory have developed glitter-sized photovoltaic cells that are about ten times thinner than conventional solar cells and promise to revolutionize solar power. The research team has identified over 20 benefits of these solar cells that includes better performance, low cost and more efficiency.
On the day I arrived in London, I went to the British Museum, where there was a very nice reception in the ancient Egyptian sculpture gallery. Neil MacGregor, the director of the museum, and Vivian Davies, the Keeper of Egyptian Antiquities, were present along with many other Egyptologists and many people who love Egyptology and Egypt. I was pleased also that the Egyptian Ambassador to England, Hatem Saiful Nasr, attended with his wife and gave a speech. Mr. MacGregor also gave a speech during the reception, as well as the President of the British Egyptian Society.
If you have a love for quirky gadgets you might appreciate this toaster concept from designer Othmar Mühlebach. The ‘Printing Your Toast’ design looks like a mini desktop printer – and just like paper, a stack of sliced bread goes into the feeder at the top. Once it has printed…I mean…toasted – it falls onto a plate at the bottom…
Tags: Kitchen
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Already regarded as a “wonder fabric” for its lightness, softness, warmth even when wet, and other qualities, scientists from China say they have been able to improve on the natural properties of wool. They say their discovery could give wool a “brain,” placing it among other “smart” fabrics that shake off wrinkles, shrinkage and “breathe” to release perspiration. ..
Tags: Coating,
fiber,
Nanoparticles,
Research,
Water
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Eco Factor: Energy-saving tennis complex made from sustainable materials.
Paris-based design firm David Tajchman has come up with a unique tennis complex for Vaxjo, Sweden which can also serve as a mixed-use building. Dubbed the Tennicalator, the building has been constructed from locally sourced wood, which is a renewable material if harvested responsibly.
These four lucky readers will be stylin’ in the New Year with their new psychedelic Watson t-shirts:
Thanks to Medium Control for sponsoring this giveaway. We hope they will do another one soon with some more cool Watson gear! In the meantime, don’t forget to check out Watson’s design blog, The Watsonian.
It may be a great form of exercise, but running is a high impact pursuit that places great strain on muscles and tendons. The stress it places on the body forces many runners to hang up their shoes and seek alternative, lower impact forms of exercise. Looking to take the pain out of running, a Swiss engineer set about creating a shoe that enabled the runner to land as soft as if running on sand, and to push off as if running in track shoes. The result is the the On Running Shoe – a shoe that incorporates a unique rubber ring into the sole design to provide a soft landing, while offering firmness and stability on push off. ..
Tags: Fitness,
Impact,
Running,
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Sports,
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Why are we humans so obsessed with games and puzzles? Oh that’s right – they’re fun, often challenging and can entertain you for hours. Here’s an interesting puzzle concept that might entertain the youngsters – the Oblo didactic puzzle. It’s an intriguing three-dimensional puzzle that requires the user to find exactly the right extracting position in order to move to the next level. Will it be fun or just frustrating?..
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We previously reported that the official NPR application for Android would be coming this month and it appears that time has come. Those of you who stopped in the Android Market today might have come across the NPR News app as it was released earlier this afternoon. The free title gives listeners all the great shows you’ve come to enjoy over the years as well as some great Android-only features.
Thanks to the way Android works, the NPR News app can run in the background of your phone, allowing users to toggle between other apps while shows play. Each of the topics listed offer anywhere from 10-20 topics that day and give users the ability to listen or read their news. Using the location-based services in the phone, NPR News can locate over 600 Station Listening Choices from around the country! Although the app doesn’t allow it currently, live station streaming is promised for Spring 2010!
There are four households that are going to be very happy this holiday, thanks to Hepper Home! The winners of the huge Hepper holiday giveaway are:
You’ll each be receiving a Hepper Pod bed and a matching Hive bed in the color combo indicated above. Keep an eye out for an email with more info on how to claim your prize. Congrats!
And thanks to everyone who entered and who gave feedback on new products and colors. We’ll be sure to keep you informed of what Hepper comes up with next!
Joe Weisenthal | Dec. 22, 2009, 3:22 PM
Burlington Northern (BNI) has just published an internal video interview with its soon-to-be owner Warren Buffett about what Berkshire Hathaway (BRK) plans to do with the company.
The answer?
Nothing.
In classic Buffett form, he insists he has no plans to do anything with the railroad excpet let it run itself as it’s always done.
You’ll see. Several times throughout the interview he’s asked about this or that (pension stuff, infrastructure, etc.) and his answer is the same each time. Burlington’s management will handle it. It’s none of his — or anyone else at Berkshire’s — business.
At the end he notes that it’s taken him 79 years, but that with this acquisition he’s finally fulfilled a boyhood dream.
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MKR:
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Hi, I’m Matt Rose. Welcome to this special edition of BNSF Video News. As you all know, we’ve been in the news a lot with the major announcement that we have the future ownership position of BNSF being acquired by Berkshire Hathaway. So I’ve been asked a lot of questions around, what does this mean for BNSF, what does it mean for the individuals that work for BNSF, what does it mean for customers, and what does it mean for the communities in which we operate? And so I thought, who better to ask these questions to than Warren Buffett, chairman, chief executive officer of Berkshire Hathaway. We have a great treat. We’ve got Warren with us today at this taping, so we’re going to get right into it. I’ve asked about 20 people to send in a number of questions, of “ask-Warren” questions, and they did. They sent in about 150 questions. We’re only going to ask about 15 to 20. We’ll see how we do on time. So let’s get right into it. Again, Warren, welcome, thank you for joining us. The first one is, why BNSF, and why now?
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WB:
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Well, uh, you know, I love railroads. I mean, you go back 70 years when I used to be going down to Union Station every Sunday, and so I’ve watched it for years. And, and we couldn’t have done this 20 years ago, in terms of the size of Berkshire. But Berkshire piles up. We don’t pay out any dividends, so we pile up 8 or 9 or 10 billion dollars a year, and, and, you know, this is a dream for me, you know, getting a chance to buy a wonderful railroad like this, and uh, uh, you know, I couldn’t be happier about it.
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MKR:
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So, the next one. In announcing the acquisition, you said it’s an all-in wager on the economic future of the United States. Buffett, who has been building up his rail holdings for several years, said in the statement, I love these events. So would you please just share your perspective and thoughts on the future of the rail industry?
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WB:
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Well, it has to do well if the country does well, and the country is going to do well. So, you know, I don’t know about next week or next month or even next year, but if you look at the next 50 years, this country is going to grow, it’s going to have more people, it’s going to have more goods moving, and rail is the logical way for many of those goods to travel, and probably a greater percentage all the time, just in terms of, of cost efficiency, in terms of fuel efficiency, in terms of environmentally-friendly. So there’s no way rail is going to lose share, and I think the pie is going to grow, and I think the rail share of the pie is going to grow.
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MKR:
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So the next question. You said in the past, you’d rather buy a great business at a fair price than a fair business at a great price. What does BNSF meet the definition of a great business?
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WB:
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Well, it’s a great business in that you know it’s going to be here forever, to start with. I mean, the hula-hoop business came and, you know, went, and then, you know, the pet rocks and all that kind of thing. And even television set manufacturers have, you know, moved over to Japan. All of that sort of thing. The rail business is not going to go anyplace. It’s going to be right here in the United States. There’s going to be four big railroads that are moving more and more goods. So it’s, it’s, it’s a good business. It, it can’t be, it can’t be something like Coca Cola or Google, because it’s, you know, it’s a public service type business, too, and it has, it has a fair amount of regulation that is part of the picture. But it’ll be a good business over time. It will make sense for this country to want railroads to continue to invest more and more money, in terms of expanding and becoming more efficient. So you’re on the side of society, and society will largely be on your side. Not every day, but most of the time.
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MKR:
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Well, I think our 40,000 employees definitely agree with that. Alright, so the next one. Historically, are companies more profitable after joining Berkshire Hathaway, and if so, why?
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WB:
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Well, you can run the business exactly as you see fit. You don’t have to please banks. You don’t have to please Wall Street. You don’t have to, you know, you don’t have to please media or anybody else. Basically, it frees up the managers of our businesses to do exactly what they love to do, which is to run their businesses. And, and, and there’s no home really like Berkshire that can offer that.
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MKR:
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Alright. The next question is, and I didn’t ask this, will Berkshire directly be involved in the management of BNSF, and will the management structure change?
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WB:
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No, it won’t. It’s very simple. We’ve got 20 people in Omaha, and there isn’t one of them that knows how to run a railroad.
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MKR:
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Alright, next question. Will this transaction impact employment levels positively or negatively?
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WB:
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Well, I don’t think it changes anything, really, in that respect. I mean, you’ll be running the railroad, and you’ll run it in an efficient way, and when times are good, you’re going to have more people employed than when times are bad. But nothing in our ownership really has any effect on employment.
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MKR:
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Okay. So, this came from one of our locomotive engineers. He said, will rail labor have access to you regarding issues? How do you balance negotiating fair wages, health care, and a good work environment with Berkshire Hathaway earnings?
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WB:
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Well, you’ll do it just like you’ve managed it in terms of BNSF earnings. And there will be no involvement by me or anybody else in Omaha in terms of labor or in terms of purchasing or in terms of what locomotives you buy, anything of the sort. It’s — we bought it because it was well-managed. If, if, if we had to bring management to BNSF, both of us would have been in trouble.
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MKR:
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Okay. The next question came from our finance group. Will there be a significant, will there be significant BNSF asset sales to pay down the eight-billion-dollar acquisition debt?
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WB:
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Not a dime. Not a dime.
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MKR:
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Next question. Will Berkshire continue to invest the capital needed to maintain the BNSF infrastructure?
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WB:
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Well, it’d be crazy if we didn’t. You know, we’re not going to, we’re not going to buy a business and starve it. You got where you are because you were willing to make the investments ahead of time to pay it off 3, 5, 10 years down the road, and that’s, that’s part of the railroad business, and it’ll stay part of the railroad business.
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MKR:
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You’ve heard me talk about regulatory risk. We’ve been talking to our employees about that for a number of years. And the question is, uh, what’s your perspective on the regulatory risk in our industry, from what you know about it?
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WB:
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Well, Matt, it’ll never go away, in the sense that, people, you know, you will always have people that are bothered by what you’re charging, and you know, whether it’s in some farmer in a pasture or wherever. And the very fact that it has a utility aspect to it. Now it has an entrepreneurial aspect to it, too, but it has a utility aspect to it. So it’s always going to be regulated. There always will be some tension between shippers and railroads, and they will all, there will always be some people who will try and use political influence to affect rates. But in the end, the country needs railroads to spend lots and lots and lots of money merely to stay in the same place, but then beyond that, to grow, and, and it would be crazy of society to deny you a reasonable rate of return.
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MKR:
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Another question from the finance group. Will BNSF capital requests now have to compete internally with other Berkshire interests?
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WB:
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Not in the least. No.
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MKR:
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I thought it was a good question. Okay, next question. In 10 years, how will you evaluate the acquisition of BNSF, whether or not it’s been successful?
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WB:
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Well, I — I’ll measure it against my own standard, which is that I have made a bet on the country doing well. And if I’m wrong on that, that’s my fault and not anybody at BNSF’s fault. But I will look at it how it does compared to other railroads. I’ll look at how railroads are doing versus trucking and all of that. But in the end, I don’t really worry about that very much. I, I’ve seen what’s been done here. I think I know how the country is going to develop. I think the west is going to do well. I’d rather be in the west than the east. So I really don’t have much of a worry about that.
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MKR:
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The next question is, how should be BNSF support the long-term goals of Berkshire Hathaway, and what expectations have you established for the BNSF management team?
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WB:
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You should, you should really be doing it as if you had the same 250,000 owners you have now. I mean, their interests are the same, you know, as Berkshire’s will be, and, and I don’t really see any difference. We want this railroad run as well as it can be. We’d love it every, every, every car you can steal away from the Union Pacific [unintelligible], but we want Union Pacific to do well, too. I mean, we’re both going to do well, too. I mean, we’re both going to do well, you know, in the years ahead. And, and, you know, if we thought it needed changing, we wouldn’t be here.
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MKR:
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Okay, this was a question from one of the employees. I heard Berkshire’s eliminated company-sponsored pension plans at some companies. What are the plans for the BNSF pension plans, and what factors do you take into consideration when evaluating whether to maintain a pension plan at a company you acquire?
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WB:
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Yeah. That will be up to the management. I mean, there may be changes in benefits that the government legislates. I mean, who would have guessed 401K’s would have come along 40 years ago or something of the sort. But you’ll make those determinations just like you make all other determinations.
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MKR:
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BNSF has developed a pay structure that encourages employees to take ownership of the company by basing a portion of the compensation on corporate performance. How will this change after the merger?
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WB:
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Well, the people who have been involved in any kind of a pay-for-performance-type arrangement, whether it’s stock or anything else, will undoubtedly have a pay-for-performance type of compensation, which, you know, you’ll work out, basically.
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MKR:
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Okay, so there were just a lot of questions on your view of the national economy and philosophy around this. A couple of questions. One, it’s been said recently that the rising national debt may be the next economic crisis. Do you agree, and what should be done about it?
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WB:
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Well, I actually wrote an article about that a few months ago. I mean, it is a problem, but if, if you sat down at the start of every year going back to 1776, you could have written down a bunch of problems in the United States. We aren’t perfect at avoiding them, but we’re pretty darn good at solving them. I mean, you know, we’ve even had a civil war in this country, you know, let alone a Great Depression, world wars, and flu epidemics and all that sort of thing. So the country always has problems. The country always solves them. And I don’t know whether business comes back in 3 months or 6 months, but I know this: in the next 100 years, we’re probably going to have 50 bad years, I mean 15 bad years in the United States, and we’re probably going to have, you know, another 15 so-so, and we’ll probably have 70 good ones, something like that. I don’t know the order in which they’re going to come, but overall, this country works. We started out with 4 million people in 1790, and look at what we’ve got now. And it’s because of the system.
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MKR:
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Next question. Do you promote management collaboration among the subsidiary companies?
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WB:
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Yeah, we, we tell them if they can find ways to do things among themselves that benefit both parties, go to it. But we don’t, we don’t force anything through Omaha. We’ve got, for example, a carpet company that worked out something with our insulation company, Johns Manville, in terms of back hauls, for example. And we’ve got other companies cooperated on getting special discounts by buying computers cause of mass purchasing power. But we’ve never ordered anything from Omaha. We don’t convene people to do that or anything. The managers do get to know each other, and sometimes they figure out things to their mutual advantage.
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MKR:
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Okay, the next question is, it’s thought that Berkshire Hathaway has not previously invested in heavily-unionized companies. Given that, what are Mr. Buffett’s views of the role of unions in private-sector businesses generally, and at BNSF in particular?
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WB:
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Yeah, we probably have, I’m sure we have more than a dozen businesses that are, are anywhere from moderately-unionized to very heavily-unionized. The Buffalo News we’ve probably got, I don’t know, 12 or 13 unions. In See’s Candy, we’ve got unions. We’ve got, we’ve got unions at CTB, our farm equipment company. We’ve got lots and lots of unions. And there, you know, we — it’s a question of the industry, to a great extent, and, and uh, and what the management has done in the past, and so on.
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MKR:
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You’ve acquired some terrific private and family-run companies where the owners have great passion for their business. What traits have made those companies so successful, and how can the BNSF family of 40,000 employees apply those principles in our work and lives?
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WB:
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Yeah, well, we, we do — we look for companies where the managers are passionate about the business. It makes a real difference. I mean, anybody that’s enthused about something just brings something extra to the decision-making and the work every day. So I wouldn’t, I really wouldn’t be here today unless I thought you were passionate about the business. I mean, it’s crazy to have some bureaucratic type going through the motions every day running a business. It won’t work in America. And, and it’s, it’s an important ingredient. You do find quite often in family businesses, and you probably find it a little less often in, in, in the professionally managed operation, but I’m sure it exists at BNSF.
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MR:
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Closing comments?
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WB:
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Closing comments is, I’m happy to be here. This — I had to wait until I was 79, but it’s still a boyhood dream come true.
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MKR:
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Well, Warren, I get the question a lot, of how life will change. It’s been a little frustrating, I think, for some of our employees, because at the end of the day, truly, this is mainly about corporate structure. Instead of shareholders, we now have Berkshire Hathaway and yourself. What our employees continue to be focused on, of course, every day, is improving safety, getting more freight to the railroad, taking cost out, and, and going deeper into our customer supply chain. And we look forward to a great relationship with Berkshire Hathaway, and we’re delighted that you took this time to come and spend it on our video news, and I’m sure it means a lot to all of our employees. Thanks very much.
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WB:
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Thanks for inviting me.
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For the production of steel structures 75% of the total manufacturing time is wasted in the assembly of separate components and machined steel profiles.
The welding of separate components is so far almost entirely done by hand, because there are no automated systems for this purpose. Although the need for this particularly kind of machinery already longer exists, especially because automation of handling and composition will make a huge cost advantage.
Voortman manufacturer of machinery for processing steel and profiles and Valk Welding specialized in robots for welding, cutting and handling processes, have therefore started a corporation to develop an automated system for flexible assembly of steel structures.
The intention is to fabricate a system that is able to automatically pick up individual components and weld it on to a fixed pre-programmed position. This system should be ready in the third quarter of 2010. For this system handling as well welding robots will be used. The focus of this development is to translate CAD data to a comprehensive CAM file, which not only includes the position but also the tolerances and the quality of the weld. For picking up the individual components Vision-systems will be used.
Such initiatives have been started before, but never led to a functional result. Both companies believe that this ambitious project can only succeed if the knowledge of handling and processing of steel structures and assemblies are brought together. Voortman and Valk Welding have both their own software department. Therefore in the upcoming period the focus will be on the close cooperation between these two software divisions.
The directors Mark Voortman and Remco Valk see this period as the appropriate momentum to start this project. First of all because steel structures are becoming increasingly complex through the ongoing developments in 3D CAD. This requires greater form-freedom and more assemblies. Meanwhile ageing causes a natural decrease of professional welders, with the result that when the market rebounds a huge capacity problem might emerge. Emerging markets also offer a huge potential for such systems.
Voortman and Valk Welding are allready cooperating for a longer period with the integration of beam coping robots (video) which are integrated in the Voortman beam processing systems. The automated assembly system will be a perfect completion.
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HEAD Sport AG produces alpine skis in Kennelbach/Austria to strict technological and design specifications. Using the KBA-Metronic ink-jet printer alphaJET C, HEAD marks the lateral edges of the skis denoting the exact position for bindings to optimize skiing pleasure.
Aesthetics and quality go hand-in-hand
With a move away from a technology-focused image, to the new positioning as a lifestyle brand, the requirement for intelligent and flexible binding position marking has arisen.
Precise coding with quick-drying ink
The annual output of approximately 480,000 ski pairs cannot be achieved without reliable production machinery. The industrial ink jet printer alphaJET C from KBA-Metronic has an excellent reputation built up over the years, in demanding key markets including proven results in the electronic components and automotive industries. The ink jet’s ability to perform well at high speed has been well proven as this unit is widely used throughout the cable manufacturing sector. Alexander Baldauf adds: “We have decided in favor of the KBA-Metronic alphaJET C because it brings the necessary efficiency and compatibility with our existing machinery.”
After fabrication in the modern, well-equipped production facilities, the skis are then transported via a paternoster to the fully automatic, fence-protected machining centre. At this point the alphaJET C print head initially prints forwards along the first ski edge, then on the return sweep prints the second ski, coding it with identical data, consisting of serial number, ski length and the marking of the middle of the ski boot.
Two individual skis become a pair
The alphaJET C can print up to 6 lines with 48 pixels and script can be turned through 90° during printing. Head AG uses this functionality for the precise coding of the “boot center”, required for optimal fun and safety on the piste. Numbers and signs are marked in grey, quick-drying ink on the insides of the skis and dry without delay.
Traceable for years to come
The serial number printed matches both of the individual skis to form a pair. This unique reference is logged centrally with the details of the customer placing the order, including delivery and production information and the specific construction of the skis. This makes order processing simpler and secures long term quality control.
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Warren Buffett’s Berkshire Hathaway continues to trim its stake in Moody’s [MCO 27.36 
0.20 (+0.74%) 
] with another reported sale. This latest reduction, however, is relatively small compared to recent days.
A filing with the SEC tonight (Tuesday) shows that Berkshire sold 87,992 shares on Friday, December 18 for an average price of $26.7682. Total raised by the sale: under $2.4 million.
Berkshire has sold a total of almost 6.3 million Moody’s shares on six days so far this month, raising $160.2 million.
It now holds just under 13.5 percent of the credit rating agency’s outstanding shares, and remains its biggest shareholder.
Here’s the updated table showing all the reported sales this year:
|
Berkshire’s Moody’s Sales in 2009
|
| Date | Shares Sold | Price/Share | Total Price |
| July 20 | 1,817,000 | $28.7269 | $52,196,777 |
| July 21 | 3,915,100 | $26.9188 | $105,389,794 |
| July 22 | 2,254,200 | $26.6425 | $60,057,524 |
| September 1 | 366,761 | $26.8104 | $9,833,009 |
| September 1 | 421,127 | $27.5988 | $11,622,600 |
| September 2 | 6,500 | $26.3246 | $171,110 |
| October 28 | 1,133,027 | $24.8637 | $28,171,243 |
| October 29 | 19,600 | $25.2728 | $495,347 |
| December 7 | 2,004,946 | $25.0381 | $50,200,038 |
| December 8 | 704,346 | $24.8074 | $17,472,993 |
| December 10 | 1,325,374 | $25.2012 | $33,401,015 |
| December 11 | 2,054,798 | $26.6675 | $54,796,326 |
| December 14 | 74,619 | $26.6644 | $1,989,671 |
| December 18 | 87,992 | $26.7682 | $2,355,387 |
| TOTAL | 16,185,390 | $26.45 | $428,152,834 |
|
Source: SEC Filings
|
Current Berkshire stock prices:
Class A: [BRK.A 98900.00 99.8984 (+0.1%) ]
Class B: [BRK.B 3305.00 6.05 (+0.18%) ]
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Daily Random Recipe
INGREDIENTS:
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