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The Potential Pitfalls of Sucking Carbon From the Environment – NEWPAPER24

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The Potential Pitfalls of Sucking Carbon From the Environment

2018-06-13 11:00:00

Final week, Canadian firm Carbon Engineering printed analysis findings that present how carbon dioxide could possibly be sucked up from the environment for lower than $100 per ton. In 2017, the world emitted some 32.5 gigatons of the stuff. However hey—child steps.

Scientists have lengthy speculated that so-called “detrimental emissions” applied sciences like CO2 elimination couldn’t solely gradual the buildup of carbon within the air, however even reverse it. Earlier than final week, although all that hypothesis was, effectively, largely speculative; no person had convincingly demonstrated easy methods to pull off detrimental emissions at scale. Earlier estimates had pegged the price of sucking carbon from the skies, as an illustration, at $600 per ton—approach too dear to qualify as a viable cleanup answer. The findings from Carbon Engineering, which seem within the newest difficulty of the journal Joule, level the best way towards a future wherein detrimental emissions usually are not solely technically attainable however financially possible.

So yeah—it is huge, vital, encouraging information. Nevertheless it’s not all blue skies and rainbows.

Carbon elimination applied sciences, promising although they could be, are overhyped, says David Keith, an utilized physicist at Harvard and Carbon Engineering’s founder. “And the overhyping has turn out to be a political trick.” That hype, he says, makes it simpler for policymakers to keep away from drafting near-term mitigation methods and exceed their carbon budgets, in hopes that their debt might be repaid in some unspecified time in the future sooner or later. What begets this trickery? Pc simulations.

When the Intergovernmental Panel on Local weather Change modeled greater than a thousand eventualities looking for methods to restrict an increase in world temperatures, essentially the most propitious projections relied closely on the idea that CO2 elimination would someday swoop in and save our collective asses: Of the 116 IPCC eventualities discovered to restrict warming to under 2° Celsius, [101 relied on negative emissions](https://www.nature.com/articles/nclimate2392]. “It allows policymakers to assert that we’re very near conserving world temperatures under a 1.5 or 2 diploma improve, whereas sweeping beneath the rug the laborious work that is still to be completed researching carbon dioxide elimination,” Keith says.

Carbon Engineering’s direct air seize tools pulls carbon from the air at a take a look at plant in Squamish, British Columbia.

Carbon Engineering

Many individuals Share his issues. As a set of local weather researchers famous in a 2014 commentary printed within the journal Nature: Unfavourable emissions’ “credibility as a local weather change mitigation choice is unproven and its widespread deployment in local weather stabilization eventualities may turn out to be a harmful distraction.” An essay by local weather researchers Kevin Anderson and Glen Peters, printed in Science in 2016, leveled even harsher criticism: “Unfavourable-emission applied sciences usually are not an insurance coverage coverage, however fairly an unjust and high-stakes gamble,” they wrote. “The mitigation agenda ought to proceed on the premise that they won’t work at scale. The implications of failing to do in any other case are an ethical hazard par excellence.”

Granted, the argument could possibly be made that detrimental emissions applied sciences aceased to be an ethical hazard after they grew to become a obligatory situation. Carbon Engineering’s newest information was printed in a world wherein atmospheric CO2 ranges are larger than at any level in human historical past, and rising. The corporate’s technique proposes to attenuate that rise by combining the carbon dioxide it captures with hydrogen to provide carbon-neutral liquid gas. “That’ll be the primary software of our know-how en masse—making a totally clear gas,” says CEO Steve Oldham. “And, if we want it to, we’d someday use it to gather extra CO2 from the environment.

And if the IPCC’s fashions are any indication, we most likely will have to. “The ethical hazard dialogue would have been nice to have in 1980, when atmospheric carbon ranges have been decrease, however it’s too late now,” says Klaus Lackner, director of the Heart for Unfavourable Carbon Emissions at Arizona State College. Lackner pioneered of the idea of direct air seize of carbon dioxide, and was fast to counter Anderson and Peters’ editorial in Science with a letter of his personal. “Throwing a life-preserver to a drowning sufferer might not guarantee a profitable rescue, however it isn’t a high-stakes gamble. Providing the life-preserver is preferable,” he concluded.

Anderson and Peters rebutted Lackner’s rebuttal by extending his analogy; counting on detrimental emissions, they argued, can be akin to “letting somebody soar right into a raging torrent, and telling them that we could possibly save them with a know-how that we’ve got not but developed.”

Science squabbles however, either side of the ethical hazard argument agree that detrimental emissions applied sciences like these in improvement at Carbon Engineering needs to be pursued with vigor. Final week, Peters took to Twitter to reiterate his level that whereas counting on them at scale is a excessive stakes gamble, “we want analysis, improvement, & eventual deployment of detrimental emission applied sciences.”

Keith concurs. “As of as we speak there may be terribly little analysis on it,” he says. “The variety of scientists funded to do work on carbon elimination globally is significantly small.”

And that is an issue. As a result of the one factor worse than assuming that carbon elimination will save the day is assuming it would save the day—after which not funding its improvement.


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Shares of Singapore precision engineer crash 39 per cent on fears it might default on US$41m bond – NEWPAPER24

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Newpaper24 - Global online News around the World a35f3d58-7517-11e8-aa4d-d2a0e82fc143_image_hires_140607 Shares of Singapore precision engineer crash 39 per cent on fears it might default on US$41m bond - NEWPAPER24

Shares of Singapore precision engineer crash 39 per cent on fears it might default on US$41m bond

2018-06-21 06:02:19



Shares of CW Group Holdings, a precision engineering options supplier, tumbled 39 per cent to a file low in Hong Kong on Thursday after it revealed that it’s prone to default on S$55.25 million (US$41 million) of notes.

The shares fell to HK$0.68 as buying and selling resumed after being suspended on Wednesday, the bottom degree since they had been listed on the primary board in 2012.

The Singapore-headquartered agency mentioned in a submitting to the Hong Kong inventory change that it was unable to lift funds by way of a bond challenge and it was unlikely to safe different financing sources on such quick discover to redeem its S$55.25 million bonds that mature on June 25, in addition to pay the 2017 last dividend of two.36 Hong Kong cents per Share to shareholders on July 27 as initially scheduled.

Furthermore, Financial institution of China (Hong Kong) has demanded quick reimbursement of about HK$157.5 million (US$20 million) in excellent banking facility and about US$14.5 million debt from the corporate and its government administrators William Wong Koon Lup and Sam Wong Mun Sum.

The financial institution desires the money owed settled by June 28 and July 16 respectively.

“Because the financing workout routines could or is probably not accomplished, shareholders, holders of the

excellent collection 1 notes and potential traders of the corporate ought to train warning

when dealing within the securities of the corporate,” mentioned Wong, who can be the chairman and CEO.

CW Group mentioned it has appointed RSM Company Advisory (Singapore), Morgan Lewis

Stamford (Singapore), Rajah & Tann Singapore and Akin Gump Strauss Hauer & Feld (Hong Kong) as advisers to assist resolve the problems by way of financing workout routines corresponding to partaking with holders of the

S$55.25 million notes to increase the due date and to liaise with Financial institution of China and different lenders on their calls for.

The advisers are additionally formulating different fundraising actions though the corporate has but to conclude phrases for any appropriate alternatives with potential traders, the submitting mentioned.

The corporate’s income declined by HK$2.three billion or about 5.1 per cent in 2017 due to inadequate provide to satisfy calls for that resulted in longer supply lead time.

Nonetheless, income rose 6.three per cent from a 12 months earlier to about HK$249.three million largely as a result of overseas change positive factors and a achieve recorded on partial redemption of the notes issued, whereas allowances of about HK$5.2 million and HK$29.6 million had been made in 2016 for the impairment of goodwill and impairment of plant and tools respectively.

 



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Purchaser of world-record US$760,000 parking house is boss of Hong Kong monetary firm – NEWPAPER24

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Newpaper24 - Global online News around the World 1529589344_045809ee-743e-11e8-aa4d-d2a0e82fc143_image_hires_184638 Purchaser of world-record US$760,000 parking house is boss of Hong Kong monetary firm - NEWPAPER24

Purchaser of world-record US$760,000 parking house is boss of Hong Kong monetary firm

2018-06-20 11:04:22


One of many Hong Kong residents who spent a jaw-dropping HK$6 million (US$760,000) on the world’s most costly parking house has been recognized as the pinnacle of a monetary firm within the metropolis.

Jack Chan Siu-kit and Cheung Tsui-ling are the thriller consumers of the parking bay on the Ultima luxurious residential improvement in Ho Man Tin, in keeping with knowledge launched by the Land Registry on Wednesday.

The pair forked out HK$44,444 per sq. foot for the house this month, handing the Hong Kong couple who had purchased it final September a fast HK$2.6 million revenue.

Hong Kong couple earn a US$330,000 revenue in 9 months … by reselling a parking house

Chan is the chairman of the board and govt director of Pan Pacific Monetary Holdings, in keeping with the web sites of Chinese language state information company Xinhua and the Web Skilled Affiliation. Nonetheless, a search by the South China Morning Submit discovered no document of the agency on the Firms Registry or the general public register of the Securities and Futures Fee, Hong Kong’s monetary regulator.

Newpaper24 - Global online News around the World  Purchaser of world-record US$760,000 parking house is boss of Hong Kong monetary firm - NEWPAPER24  Chan and Cheung, who personal a big portfolio of Hong Kong property, are founders of the Chinese language Youth Dreamers Basis, a non-governmental organisation.

The Submit made a go to to the muse’s workplace within the Lippo Centre in Admiralty on Wednesday and located the unit is occupied by Pan Pacific.

A workers member stated the workplace is shared by Pan Pacific and the Chinese language Youth Dreamers Basis.

Chan can also be the president of an alumni affiliation of Xiamen College.

Chan and Cheung personal not less than 9 luxurious properties within the metropolis, in keeping with a report in Apple Every day.

The pair forked out greater than HK$200 million for six high-end flats between 2014 and 2015. They comprised two flats for HK$67.51 million at Ultima, the place the record-breaking parking bay is positioned, three flats in Tsim Sha Tsui’s Grand Austin for HK$106 million, and a flat in The Hermitage in Mong Kok west for HK$28.09 million.

Newpaper24 - Global online News around the World  Purchaser of world-record US$760,000 parking house is boss of Hong Kong monetary firm - NEWPAPER24  Chan purchased a parking house at The Hermitage for HK$2.55 million in April 2016.

Fuelled by this month’s document deal on the Ultima improvement, a parking house at The Arch at Kowloon Station is now in the marketplace for HK$6 million.

Vincent Cheung, deputy managing director for Asia valuation and advisory providers at Colliers Worldwide, stated super-rich businessmen don’t thoughts paying an enormous premium for parking their automobiles outdoors their flats.

“HK$6 million isn’t actually some huge cash. In comparison with the costs of flats there, it’s not actually costly,” Cheung stated.

A four-bedroom flat measuring 1,911 sq. toes at Ultima carries a price ticket of HK$98 million, or HK$51,282 per sq. foot, in keeping with Centaline Property Company.

A four-bedroom flat of 1,300 sq. toes at The Arch can also be on sale for HK$98 million, or HK$58,858 per sq. foot.

Hong Kong has seen a collection of parking areas change fingers for record-breaking costs. A latest instance is a bay at Dragons Vary in Sha Tin, which bought for HK$4.eight million in April, the best quantity ever within the New Territories. The unique purchaser netted HK$3.45 million in two years by reselling it.

In June final 12 months, a enterprise govt paid HK$5.18 million for an area within the metropolis’s Sai Ying Pun space, a brand new document on the time.

A complete of 1,033 parking areas value HK$2.08 billion modified fingers final month, up 19.eight per cent from the earlier month, in keeping with Centaline.

“The worth of a parking house will depend on its options, particular person wants and potential rental yield,” stated Kenneth Woo, principal gross sales director of Ricacorp Properties.

Chan and Cheung’s new parking spot will in all probability not make a superb funding, in keeping with Cheung.

“For a parking house of HK$6 million, the yield could also be as little as 1 per cent,” he stated.



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Amazon Fireplace TV Dice Evaluation: Don’t Commerce the Distant for Alexa Simply But – NEWPAPER24

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Newpaper24 - Global online News around the World firetvcube_review Amazon Fireplace TV Dice Evaluation: Don’t Commerce the Distant for Alexa Simply But - NEWPAPER24

Amazon Fireplace TV Dice Evaluation: Don’t Commerce the Distant for Alexa Simply But

2018-06-21 13:00:00

Should you’re considering of shopping for the Amazon Fireplace TV Dice since you’re delighted by the thought of getting an Amazon Echo and a Fireplace TV gadget mashed into one gadget, let me cease you proper there. Alexa on a TV interface calls for a degree of dialog like no different streaming TV product I’ve used earlier than.

“Alexa, present extra.”

“Alexa, present extra.”

“Alexa, choose possibility one.”

“Alexa, return.”

“Alexa, scroll proper.”

“Alexa, go house.”

After a couple of nights of utilizing the Dice, I started to hate the sound of my very own voice. Perhaps you’ll nonetheless be delighted by the Dice at first in the event you purchase one. Perhaps if in case you have children, they’ll love shouting on the TV to get their cartoon repair. However there’s an excellent probability you’ll find yourself doing what I did: going again to the fuddy-duddy Fireplace TV distant, as a result of that’s the simplest method to scroll via a number of media choices. Even in the event you actually take pleasure in chatting together with your TV, your vital different or roommate might very nicely transfer out inside per week.

It seems Amazon’s promise for the way forward for TV would not fairly come via in its earliest kind. And whereas the corporate deserves loads of credit score for democratizing a pleasant-sounding digital assistant in our properties, this subsequent push in voice seems like an odd mixture of options, none of which stand out as distinctive.

Dice Tube

The promise of the brand new Amazon Fireplace TV Dice is a voice-first TV expertise. You possibly can bark instructions at your Dice and inform it what streaming video you wish to watch, or what video games you wish to play. You may also inform Alexa to show your TV on and off, and ask it to change inputs. (Amen to that.)

Amazon

The Fireplace TV Dice has the complete microphone array of an Echo, with a brand new design—most Echos are spherical, the Dice is sq.. It’s shiny, with sharp edges and 4 bodily buttons on its matte-black prime. There’s an LED strip that runs throughout the highest of the dice’s face, which lights up blue if you’re speaking to Alexa. On the again of the field there are ports for HDMI, microUSB, and an IR extender. It doesn’t ship with an HDMI cable, although it does include an Ethernet adapter.

The Dice runs on an Amlogic quad-core 1.5GHz processor and a Mali-450 MP3 GPU, the identical household of chipsets that powers some Android TV bins. It helps 60Hz 4K, HDR10, and Dolby Atmos. In some ways the Fireplace TV Dice is just like final yr’s $70 Fireplace TV Stick. However the Dice has the Echo performance, in addition to HDMI-CEC assist and IR emitters.

Amazon additionally borrowed options from the Echo Present, its voice-controlled gadget with a display screen, to create the Dice’s UI. You don’t want a distant to regulate the Echo Present, goes the considering, so why not apply a few of the interactions to a voice-first TV gadget?

The outcomes of this characteristic combo are combined. The Fireplace TV Dice is certainly an Echo, however not an excellent Echo. The speaker high quality is on par with the Echo Dot puck. You possibly can ask Alexa on the Fireplace TV Dice to let you know a joke or set a timer, and Alexa will oblige—but it surely additionally interrupts no matter you had been simply watching on TV. By some means I didn’t thoughts this, however possibly that’s as a result of that was the least irritating factor about it.

I discovered Alexa on the Fireplace TV Dice to be simply gradual sufficient to interrupt the movement of what I used to be attempting to do. Usually, once I’m utilizing Alexa on different Echo units, this cadence feels pure: “Alexa.” (Brief pause.) “Set a timer.” On the Fireplace TV Dice, Alexa comes throughout as mildly hungover, with an elongated pause between “Alexa, seek for Atlanta” and the outcomes showing on display screen, accompanied by Alexa’s response.

From there you’re imagined to say, repeatedly, “Present extra” or “Scroll to the correct,” to see extra choices, which is across the time I began to query voice management for a TV interface. Amazon has additionally give you a way of numbering the packages that seem on the display screen, which seem in a grid-like format. So you possibly can say one thing like, “Alexa, choose possibility 4,” somewhat than saying, “Alexa, choose Black Panther” or “Alexa, play The Form of Water.” This half was helpful. It was attending to the factor I wished to observe that wasn’t as intuitive as promised. There have been additionally comical mishaps. At one level, once I tried to make use of voice to pick Atlanta, the Audible app launched and a voice started to learn aloud from the e-book Atlanta Noir.

Amazon says that it anticipates this product getting higher over time, like the unique Echo. And the corporate says, by way of latency, it is engaged on an replace that may exit as early as subsequent week to assist enhance Alexa’s wake phrase responsiveness, and produce it on par with different Echo units.

Some third-party apps are additionally anticipated to roll out deeper voice integration so that they’ll work nicely on the Dice—together with Netflix, ESPN, Showtime, Starz, Newpaper24 All Entry, and Hulu. Amazon says Netflix needs to be launching these voice controls proper across the time the Fireplace TV Dice launches. Proper now, in the event you ask Alexa to seek for Netflix’s Santa Clarita Weight loss plan, it is going to present you the outcome for the present, however you’ll have to select up the distant from there. Close to Hulu, an replace to the app was rolled out the day earlier than I filed this evaluation, and I wasn’t capable of take a look at how nicely it really works but.

When it comes to content material, the Dice gives all the identical stuff that different Fireplace TV units do. You possibly can rely on a wholesome promotion of Amazon-produced collection, a few of that are actually good. There’s additionally a taxonomy that exhibits choices for watching movies on providers you already subscribe to, earlier than it pushes Amazon’s personal providers. Fireplace TV has actually 1000’s of video and sport choices, in addition to music apps like Spotify, so that you’d be hard-pressed to seek out one thing lacking. However there are some holes. You possibly can’t watch your iTunes-purchased films and exhibits on the Fireplace TV, and YouTube nonetheless isn’t natively supported.

The Dice does have its upsides. The primary is IR. Whereas IR might appear to be the oldest TV trick within the e-book, it means the Dice can management and talk with most different devices crowded round your TV, from different streaming media bins to a soundbar. And never all TV units assist HDMI-CEC, so IR is a pleasant possibility. I do know some folks get riled up about IR blasters, however I’m not a type of folks.

Additionally, even though I had two Amazon speaker units in shut proximity, the Fireplace TV Dice by no means responded to a command I meant for the opposite speaker, and vice versa. Amazon has stated earlier than that it makes use of echo spatial detection expertise to guarantee that the Echo closest to you is the one which responds. In my expertise, this has improved lots from a yr in the past, once I final had two Echos at house.

By far my favourite characteristic of the Fireplace TV Dice was utilizing voice management to show the TV on and off, and to change inputs. It underscores what Amazon does greatest: simplicity. Whenever you arrive house, exhausted after an extended day, with the ability to say, “Alexa, activate the TV” seems like a candy reprieve. Having to travel with Alexa 16 instances after that to seek out one thing to observe is additional.

There may be, after all, the distant that comes within the field. You possibly can all the time return to utilizing that if you don’t really feel like utilizing voice, which is what I did. However in the event you’re going to do this, and also you’re not drawn in by the Echo options, then there’s in all probability no have to spend $119 on a Dice. Simply get a inexpensive Fireplace TV Stick, which additionally helps 4K and comes with an Alexa distant for if you actually need voice.

Amazon, over the previous decade, has established itself in {hardware} by making low-cost, easy, and extremely helpful merchandise, whether or not that’s been e-readers, TV sticks, or Echo audio system. The Fireplace TV Dice is an oddball within the combine. It’s a wager on our voice-filled future, however in its preliminary kind, the stuff past fundamental instructions will get misplaced in translation.

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