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The sources of power for the Electronic Revolution

We are now a world where electronics have become the lifelines of the human race; a World where people are becoming completely reliant upon electrical devices in every aspect of their lives.

This scene is no longer one portrayed only in 40?s comic strips and science fiction novels.

The scene is now the world we live, from Walkmans to iPods and Hummers to electrical vehicles, the trend toward our dependence on electronics will continue for a long, long time to come.

The electronic revolution shows how vital the need for increased electrical power has become Key for the US to remain competitive on the Gobal stage.

That being the case, we have to see continued innovation moving forward, and find tomorrow’s energy sources.

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IT HAD seemed a simple enough wheeze. Give banks unlimited access to 3-year funding from the European Central Bank and it wouldn’t take much more than a nudge and a wink for them to buy the bonds of Europe’s troubled peripheral countries instead of having the ECB do the job itself. For those too dull to read between the lines, Nicolas Sarkozy, France’s president, spelled it out: “each state can turn to its banks, which will have liquidity at their disposal.”

The wheeze, however, seems to have been too clever by half. Hours after Mr Sarkozy was urging banks to bail out governments, the European Banking Authority (EBA) released the results of its updated stress tests showing that European banks need to raise €115 billion ($149 billion) in extra capital, mainly to offset a fall in the value of their existing holdings of government bonds issued by troubled peripheral European countries.

The banks with the biggest capital shortfalls are those from Spain, Greece and Italy.

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Tags: Banks, Banks Staggering

Cash acceptance facility in ATMs along with 24X7 surveillance facility are certain things which may come into practice soon following the recommendations of government-appointed committee on ATMs headed by Dr Ashok Jhunjhunwala, Professor, IIT-Madras.

The committee recommends additional functions being added to ATMs with the biggest being the facility to accept cash too. Currency ranging from Rs 50 to Rs 1000 can be deposited in ATMs. The 21 banks in which goverment holds majority stake have been selected to bring white-labelled ATMs which will have these facilities.

The committee has also suggested for currency recycling facility being incorporated in ATMs.

Increased level of surveillance is another major aspect recommended by the committee. All ATMs must bear an internal camera.

Incorporation of solar energy empowered ATMs is another feature suggested. The ATMs should thus be able to handle atleast 300 transactions per day in urban and semi urban areas and 200 in rural areas.

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Tags: Cash

are in Phoenix, Orlando and South Florida, which were hammered by the housing bust and where its average rents are the lowest.

Yet Equity’s properties there are faring well. The average rent for one of thepany’s 9,300 apartments in Phoenix rose from $837 last year to $925 this year.

Zell, whose net worth is roughly $5 billion, has publicly extolled the prospects for his apartment business over his office and retail operations.