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First U.S. hydrokinetic wave energy license granted
Federal regulator grants Canadian company Finavera conditional five-year license to build and operate wave energy farm off the shore of Washington State; wave energy buoy farm is first in the U.S.
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Wireless sensors to monitor bridges' health
There are about 597,000 bridges exceeding 20 feet in length on public roads in the United States; more than 50,000 of them were found to be deficient in load-bearing ratings; wireless sensors embedded in the bridge’s concrete will monitor structure’s health
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Information technology to create more efficient power grid
Creating a smarter grid through information technology could save $80 billion over 20 years nationally by offsetting costs of building new electric infrastructure; 300 Pacific Northwest volunteers take part in smart-appliance trial
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Tiny sensors detect toxic gasses
MIT researchers developed a small detector the size of a match box which will detect minute quantities of hazardous gases, including toxic industrial chemicals and chemical warfare agents, much more quickly than current devices
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Towns overhauling infrastructure maps
The GIS Consortium was established in 1999; it enables police, fire, and public works employees the ability to bring computer-based mapping applications onsite, and allows mapping and updating of towns’ infrastructure — everything from sewer and water lines to the location of valves, fire hydrants, street lights, trees and signs
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Interim government review of U.K. summer flooding published
Interim review addresses the issues of managing flood risk, groundwater monitoring, local and national planning and response, public information, and public preparedness; the Review draws seventy-two interim conclusions, awaiting further information and evidence before being put forward in firm recommendations next summer
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CN expands rail holding, banking on increasing northern oil production
As the price of oil increases, the attractiveness of extracting oil from oil sands in Canada’s northern regions increases apace; CN acquires yet more rail to ensure rail links to Alberta’s oil sands region
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Weapon-grade plutonium shipped cross-country
The Department of Energy plans to scale down U.S. nuclear weapons program by consolidating special nuclear materials — read: weapon-grade material — at five federal sites by the end of 2012 and reducing the square footage and staff within those sites by 2017; nuclear materials will have to be shipped from different labs around the country to these five sites
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DOE IG offers details of 24 October Oak Ridge security breach
Certain areas of the U.S. nuclear labs are designated “limited areas” by DOE; employees are prohibited from bringing into these secure areas any equipment capable of transmitting data wirelessly; at Oak Ridge, 38 laptops had been allowed into restricted areas, and IG finds that nine of these laptops had later been taken on foreign travel — two of them to countries on DOE’ sensitive countries list
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Storage offers investors intriguing opportunities
More and more surveillance cameras are placed around critical infrastructure facilities, above city streets, and long highways; these cameras generate mountains of visual material — and there is a need to store all this material; storage solutions will be a major business in the coming years
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U.K. nuclear power plan draws fire
A group of academics issue a report arguing that the established nuclear-power industry would inevitably move on to the use of fast-breeder reactors to manufacture plutonium for use as fuel, increasing the risk of nuclear weapons proliferation
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VT Group acquires British Nuclear Group Project Services
As interest in nuclear power revives, nuclear-power related services enjoy another look from investors and businesses
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Investigation begins into causes of deadly Florida explosion
Jacksonville, Florida massive explosion and fire at the T2 Laboratories facility kill 4 and injure 14; rescue teams describe scene as “hellish inferno”
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Quantum communication over long distance, flawed networks possible
Chinese scientists offer possible breakthrough in quantum communication — overcoming the problem of quantum entanglement between photons at long distances; the scientists show a quantum-communications network in which producing entanglement over a long distance is conceptually possible
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L.A. reservoirs emptied after high levels of contamination discovered
Two of Los Angeles’s beloved landmarks — Silver Lake and Elysian Park — are emptied after tests revealed bromate, a disinfectant byproduct that can form when treated water reacts with naturally occurring mineral bromide in sunlight
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More headlines
The long view
Emerging Threats to the U.S. Financial System
By Doug Irvin
In early 2021, a freewheeling, freethinking group of investors on Reddit plowed their money into GameStop, a video game retailer that several big hedge funds had bet against. The stock price shot up, some people made millions—and, to the delight of those on Reddit, the hedge funds had some very bad days. Researchers saw the GameStop story as a cautionary tale. If investors on Reddit could work together to move the markets like that, what could an adversary like China do?