Posts Tagged Government

Edwin Hubble Changed Our Ideas About the Universe

Today, Richard Rael and Tony Riggs tell the story of American astronomer Edwin Hubble. He changed our ideas about the universe and how it developed.

Edwin Hubble made his most important discoveries in the nineteen twenties. Today, other astronomers continue the work he began. Many of them are using the Hubble space telescope that is named after him.

Edwin Powell Hubble was born in eighteen eighty-nine in Marshfield, Missouri. He spent his early years in the state of Kentucky. Then he moved with his family to Chicago, Illinois. He attended the University of Chicago. He studied mathematics and astronomy.

Hubble was a good student. He was a good athlete, too. He was a member of the University of Chicago championship basketball team in nineteen-oh-nine. He also was an excellent boxer. Several people urged him to train for the world heavyweight boxing championship after college. Instead, he decided to continue his studies. He went to Queen’s College at Oxford, England.

At Oxford, Hubble studied law. He was interested in British Common Law, because his family had come to America from England many years before. He spent three years at Oxford.

In nineteen thirteen, Hubble returned to the United States. He opened a law office in Louisville, Kentucky. After a short time, however, he decided he did not want to be a lawyer. He returned to the University of Chicago. There, once again, he studied astronomy.

Hubble watched the night sky with instruments at the university’s Yerkes Observatory. His research involved a major question astronomers could not answer: What are nebulae?

The astronomical term “nebulae”, Hubble explained, had come down through the centuries. It was the name given to permanent, cloudy areas in the sky outside our solar system. Some astronomers thought nebulae were part of our Milky Way Galaxy. Others thought they were island universes farther away in space.

In his research paper, Hubble said the issue could be decided only by more powerful instruments. And those instruments had not yet been developed.

VOICE TWO:

In nineteen seventeen, the United States was fighting in World War One in Europe. Edwin Hubble joined the American army and served in France.

Earlier, astronomer George Ellery Hale had offered Hubble a position at the Mount Wilson Observatory in southern California. When Hubble returned to the United States after World War One, he accepted Hale’s offer. Hubble was thirty years old. He was just beginning the work that would make him famous.

In his first observations from Mount Wilson, Hubble used a telescope with a mirror one hundred fifty-two centimeters across. He studied objects within our own galaxy. And he made an important discovery about nebulae.

Hubble said the light that appeared to come from nebulae really came from stars near the nebulae. The nebulae, he said, were clouds of atoms and dust. They were not hot enough — like stars– to give off light.

Soon after, Hubble began working with a larger and more powerful telescope at Mount Wilson. Its mirror was two hundred fifty centimeters across. It was the most powerful telescope in the world for twenty-five years. It had the power Hubble needed to make his major discoveries.

VOICE TWO:

From nineteen twenty-two on, Edwin Hubble began examining more and more distant objects. His first great discovery was made when he recognized a Cepheid variable star. It was in the outer area of the great nebula called Andromeda. Cepheid variable stars are stars whose brightness changes at regular periods.

An astronomer at Harvard College, Henrietta Leavitt, had discovered that these periods of brightness could be used to measure the star’s distance from Earth. Hubble made the measurements. They showed that the Andromeda nebula lay far outside our Milky Way Galaxy.

Hubble’s discovery ended a long dispute. He proved wrong those who believed nebulae lay inside the Milky Way. And he proved that nebulae were galaxies themselves. Astronomers now agree that far distant galaxies do exist.

Hubble then began to observe more details about galaxies. He studied their shape and brightness. By nineteen twenty-five, he had made enough observations to say that the universe is organized into galaxies of many shapes and sizes.

As stars differ from one another, he said, so do galaxies. Some are spiral galaxies like the Milky Way and Andromeda. They have a center, and arms of matter that seem to circle the center like a pinwheel. Others are shaped like baseballs or eggs. A few have no special shape.

Hubble proposed a system to describe galaxies by their shape. His system still is used today. He also showed that galaxies are similar in the kinds of bright objects they contain. All galaxies, he said, are related to each other, much as members of a family are related to each other.

In the late nineteen twenties, Hubble studied the movement of galaxies through space. His investigation led to the most important astronomical discovery of the Twentieth century — the expanding universe.

Earlier observations about the movement of galaxies had been done by V. M. Silpher. He discovered that galaxies are moving away from Earth at speeds between three hundred kilometers a second and one thousand eight hundred kilometers a second.

Hubble understood the importance of Silpher’s findings. He developed a plan for measuring both the distance and speed of as many galaxies as possible. With his assistant at Mount Wilson, Milton Humason, Hubble measured the movement of galaxies. The two men did this by studying what Hubble called the “red shift.” It also is known as the “Doppler effect.”

The Doppler effect explains changes in the length of light waves or sound waves as they move toward you or away from you. Light waves from an object speeding away from you will stretch into longer wavelengths. They appear red. Light waves from an object speeding toward you will have shorter wavelengths. They appear blue.

Observations of forty-six galaxies showed Hubble that the galaxies were traveling away from Earth. The observations also showed that the speed was linked directly to the galaxies’ distance from Earth. Hubble discovered that the farther away a galaxy is, the greater its speed. This scientific rule is called “Hubble’s Law.”

Hubble’s discovery meant a major change in our idea of the universe. The universe had not been quiet and unchanging since the beginning of time, as many people had thought. It was expanding. And that, Hubble said, meant it probably began with an explosion of unimaginable force. The explosion often is called “the big bang.”

Hubble’s work did not end with this discovery. He continued to examine galaxies. He continued to gain new knowledge about them. Astronomers from all over the world went to study with him.

Hubble left the Mount Wilson Observatory during World War Two. He did research for the United States War Department. He returned after the war. Then, he spent much of his time planning a new, much larger telescope in southern California. The telescope was completed in nineteen forty-nine. It had a mirror five hundred centimeters across. It was named after astronomer George Ellery Hale.

Edwin Hubble was the first person to use the Hale Telescope. He died in nineteen fifty-three while preparing to spend four nights looking through the telescope at the sky.

Hubble’s work led to new research on the birth of the universe. One astronomer said scientists have been filling in the details ever since. And, he said, there is a long way to go.

ANNOUNCER: This Special English program was written by Marilyn Rice Christiano. Your narrators were Richard Rael and Tony Riggs. Listen again next week for another EXPLORATIONS program on the Voice of America.

VOA News

,

No Comments

Car manufacturer’s third largest U.S. bankruptcy

robert-nardelliCar manufacturer’s third largest in the U.S. Chrysler has officially applied for bankruptcy after efforts to re-structure it is not successful. However, Chrysler also unexpected statement has achieved merger agreement with Italy’s Fiat car.

First, Chrysler will continue to maintain active and can end the bankruptcy within a few months.

30 / 4 is the deadline that the U.S. government set out for the car manufacturer Chrysler to this negotiation with creditors to reduce debt adjustment and go to a merger agreement with Fiat. These are the conditions necessary for Chrysler to continue the U.S. government is pouring capital and avoid risk bankruptcy.

However, several days after negotiations stress, Chrysler has not achieved debt reduction agreement with the small creditors. Chrysler is currently on loan some banks and lending organizations total cost of 7 billion USD. The creditors as banks Citigroup or JPMorgan Chase has accepted debt reduction for Chrysler, but the smaller creditors do not accept this proposal, despite requests from the Government of the United States.

Even so, Chrysler announced suddenly has met kidneys merger with Fiat, the car manufacturers of Italy will initially hold 20% share in Chrysler. This agreement also allows the Fiat holding of shares up to 35% of Chrysler if this Italy car manufacturer to invest in activities in the U.S. market and technology transfer produce small size for Chrysler. In addition, once Chrysler was completed for the payment of the loan was granted to the Ministry of Finance America, Fiat finally may own 51% share in Chrysler.

Of the charge also said that, in addition to shares owned by Fiat, 55% share in Chrysler will fund the health insurance of the automobile union America (UAW), organizations will pay health insurance in the retired employee of Chrysler. Left, the government, and Canada will hold shares in turn is 8% and 2% of Chrysler.

Chrysler has 3 manufacturing in Canada and need to reach agreement with the unions and the Government of Canada in the reclassified debt. While Chrysler will not apply for bankruptcy protection in Canada, but the government in this country that will support the USD 2.42 billion for Chrysler to help companies implement bankruptcy.

According to the bankruptcy under Chapter 11 U.S. Bankruptcy Code that Chrysler submitted to the Bankruptcy Court in Manhattan in this country, the U.S. government will give Chrysler the total capital up to USD 8 billion to maintain operations during the bankruptcy and return to normal activities after bankruptcy. For Chrysler, most of the production of carrier will be stopped on 4 / 5 to employers and will return to normal activities after an agreement with Fiat was completed.

Of the accountability for a company called temporary Chrylser “new” will be established to purchase the assets of Chrysler “old”, including brand name, factory, land, equipment, contracts of employers with the unions, suppliers, distributors … The amount of USD 2 billion from the sale of assets will be used to repay the loan the creditor may accept by Chrysler. U.S. government will use Chrysler hậu thuẫn Bankruptcy Law to refuse to perform the debt obligations led to this car.

Cerberus, the corporation owns the majority share in Chrysler, will lost the number of shares after the bankruptcy led to complete. Similarly, a Daimler, a shareholder holding 19% shares in Chrysler, will lost this number of shares.

Expected, there will be about 3600 distributors in the U.S. by Chrysler is closing. Finance department led to the car is Chrysler Financial will stop all the loan to buy a new car. Instead, finance department led to General Motors (GM) will provide loans for suppliers and customers of Chrysler.

So, Chrysler has to enroll in history with the first bankruptcy of a leading car manufacturer the U.S.. Department bankruptcy is U.S. Barack Obama is a dynamics that is particularly important in order to save 30,000 jobs at Chrysler and hundreds of thousands of jobs at suppliers and distributors of this car manufacturer .

Mr. Obama for, he hopes, the bankruptcy of Chrysler will take 30-60 days to complete. The bankruptcy of Chrysler will Arthur Gonzalez of court supervision. Mr. Gonzalez is also the man who oversees the bankruptcy first in the U.S., including the Enron and WorldCom service.

Chrysler manufacturer established in 1925 by Walter P. Chrysler. Immediately after 3 years, manufacturers have achieved a significant milestone when construction building the world’s largest when it is Chrysler Building in Manhattan, New York.

In recent years, Chrysler difficulties before the big competition in industry car. The points largest carrier is dependent almost entirely on the U.S. market, poor quality cars, many car production size voluminous effective use of fuel products into the lowest compared with the product’s manufacturer other large vehicles.

The financial crisis and economic degradation is taking place as drops of water spill cup, pushing Chrysler to shore in bankruptcy, whether employers have received 4 billion loan from the U.S. Government. The application for bankruptcy of Chrysler and led to an agreement with Fiat car this is observed as the place has important implications for the automobile industry in the world, including competitor and supplier Chrysler’s.

Bankruptcy Services also found that government’s Obama ready to take measures similar to the largest car manufacturer U.S. General Motors (GM). Last 5 months this will be the deadline for GM to complete activities to reduce costs and re-structure debt with creditors and left home at the request of the Government.

While GM and Chrysler right, the Ford, one of the major car manufacturers of America, still strong first crisis. (According to Reuters, CNN)

, , ,

No Comments

Ray from the U.S. banking industry?

us_bankingOnly less than 3 months, several leading banks in the U.S. are living longer flickering with the support of the Government.

However, recently, the U.S. banking industry has come to signal a positive recovery.

On 16 / 4, the bank’s second largest U.S. as JPMorgan Chase reported profitsexceeding expected in quarter 1. Previously, the two banks Goldman Sachs and Wells Fargo also nuc to investors to the good benefit plan. Loss rate USD 966 million that common shareholders of Citigroup Ganh suffered by 1 in your report that this corporation announced today 17 / 4 is not currency as previously predicted by the market.

The reported profit was lambency promote the recovery of further stock market, and world - first rehab start since 5 weeks ago, when two banks suffered serious impact in times khủng This hoảng Citigroup and Bank of America predicts the period of crisis bad worst has ended.

It can be said that the profit wave of fresh new bank in the U.S. is the result from the efforts of the Government in this country to the financial sector back from “death cõi. The interest rate very low now prompted a number of large customers to find the loan the new flags. Scope of investment banking activities and transactions flourishes again many thanks to the U.S. to launch only with credit markets. Before the test results financial capacity of 19 U.S. banks were announced, some banks, including Goldman Sachs, have tried to pay money to aid the Government.

However, there are only traces am lonely on a dark color picture. Millions of customers loan bank in the U.S. continue to fall in failure. These loss in lending new business start process clamber. Crisis on the housing market began to spread market commercial real estate, with the bankrupt corporation’s business and retail space General Growth Properties, marked the largest bankruptcy in history of U.S. real estate .

“Housing markets have overcome the period of bad worst. But for the market of real estate and commercial lending business, the situation is still sound, “the analysis of the banking sector under Gerard Cassidy from the RBC Capital Markets commented.

Profit JPMorgan Chase’s 1 in the last quarter was 2.1 billion USD, exceeding the forecast of the previous observations. Sales of banks in this quarter increased 45% to 25 billion level, from 16.9 billion the same period last year. Besides the loss rate can be as modest 966 million, revenue quarter 1 / 2009 by Citigroup has doubled over the same period to 24.79 billion USD.

However, business results by JPMorgan still reflect the situation continues to stabilize in the array as service credit, which occurs in loss. This shows that the negative impacts of degradation for economic activities by consumers and the credit market.

Many banks are in the process of preparing for the unfavorable situation can occur by increasing for bad debts. Banks and regional banking community - the subject of capital under special risks before many states fail to business loans and real estate - are bringing tens of million of cash resources to reserve. While the large banks such as JPMorgan, the additional billions of USD.

“The situation not available to the extent as what people say. Once the price is not to settle back and unemployment have not reached the top, we will continue to bear the pressure loss, “Director of Finance Michael J. Cavanagh of JPMorgan said. However, if interest rates continue to be maintained low and the U.S. Government continues to support policies for the financial sector bank, the water table will hopefully earn enough profits to prevent cú Item from the shock loss is predicted above.

Some experts said that the worry about the nationalize banks was subdued, but ask questions is whether the profit account published recently or are not sustainable in the economic degradation My place is worse. “Banks can a student. Next issue is sustainability to the benefit on account “, the analysis of financial services under Charles Peabody consulting firms Partner Portales comment.

The caution is not without reason. With the adjustment in accounting rules recently in the U.S., the profits of banks in this country may have been partially inflated blowing. Besides, there are banks suspend operations by the execution policies of the U.S. government applied in many areas in recent years will end when a bank account to the loss from capital of bad debts is not small.

In addition, recently, banks have benefited from good results in unusual activities and transactions the interest rate low to help the value of investing in market lending their flags are raised.

Test results of financial capacity of 19 largest banks in the U.S. expected to be announced on 4 / 5 may help the investors in the stock market the U.S. found some banks have ability in the level sufficient to offset the loss account occurs when the economy this place is worse.

Conclusions of investors when test results are given may not the best with what they identified the business results you 1 of the bank were announced, because the test capability financing to bring a vision of the health of banks in the next 2 years. Also in nature, reported quarterly profits look back is what took place.

The authorities have engaged in activities to check the capacity of finance for U.S. banks or, very likely a bank will need to mobilize new capital. However, the officials also emphasized that the bank so will not necessarily need to cash aid from the government. In addition to finding sources of capital investment the private banks also have access to a large capital through conversion of preference shares that the government holding the common stock as of the current Citigroup.

The officials concerned said they want the banks need to raise capital immediately announced plans to do this after the test results to the financial published. However, even stars, before the test results above are made, the price of shares of U.S. banks in the transaction are recent witnessed a strong recovery.

First week, Goldman Sachs that, they will mobilize U.S. $ 5 billion fund to return money to aid the U.S. Government. Mid-week, Chairman cum Managing Director (CEO) Jamie Dimon of JPMorgan Chase declared corporations will pay 25 billion fund that the Government has to pump as soon as permission of the authorities. New York Times

, , , ,

No Comments