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Headlines - Archives - May 2009

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Find your daily news fix featuring tech-savvy articles impacting the day-to-day lives of design engineers. Updated hourly, we bring you the latest to cross the wires related to motion control, additive manufacturing, electronic components, hydraulics, pneumatics, materials, fastening and more.

HL:Markets Buffetted: Berkshire Hathaway's $5B bet on Goldman boosts confidence@   5/31/2009
TORONTO — Financial markets showed signs of stabilizing today as Warren Buffett bolstered confidence with a US$5-billion investment in Goldman Sachs Group Inc.The move by Berkshire Hathaway Inc., headed by the legendary value investor, renewed hopes that surviving U.S. financial firms will endure...   Continue
Dollar falls into upper 94 yen range on worries over GM bankruptcy+   5/31/2009
TOKYO, June 1 (Kyodo) — The U.S. dollar fell into the upper 94 yen range Monday morning in Tokyo as investor worries were stoked by the U.S. government's announcement of ailing automaker General Motors Corp.'s planned bankruptcy.At noon, the dollar fetched 94.81-86 yen, down from 95.28-38 yen in...   Continue
LEAD: Nikkei rises to new 7.5-month high ahead of imminent GM bankruptcy+   5/31/2009
TOKYO, June 1 (Kyodo) — (EDS: ADDING DETAILS AND PRICES, TRIMMING REDUNDANT PARTS)Japan's key Nikkei stock index rose Monday morning to its highest intraday level in more than seven months as uncertainty retreated ahead of General Motors Corp.'s bankruptcy filing, expected later in the day.The...   Continue
Key 10-year JGB yield little changed in morning+   5/31/2009
TOKYO, June 1 (Kyodo) — The yield on the benchmark 10-year Japanese government bond moved narrowly Monday morning as market players were divided between buying on lower U.S. long-term interest rates and selling on Tokyo stock gains.In interdealer trading, the yield on the No. 300, 1.5 percent issue...   Continue
Chinese manufacturing expands in May, AS   5/31/2009
BEIJING (AP) — China's manufacturing expanded in May, adding to signs the world's third-largest economy might be recovering from its slump, but growth was weak despite huge stimulus spending, according to two surveys released Monday.Brokerage CLSA Asia-Pacific Markets said its monthly purchasing...   Continue
Veto overrides ensure state funding, NV   5/31/2009
CARSON CITY, Nev. (AP) — With no debate, Nevada senators voted swiftly on Sunday to override Gov. Jim Gibbons' veto and give final approval to a $6.8 billion state general fund appropriations act that funds government operations for the next two fiscal years.The Senate vote on the budget bill,...   Continue
Legislative Islam Day measure generates criticism, HI   5/31/2009
HONOLULU (AP) — A legislative resolution designating Sept. 24 as "Islam Day" is generating criticism from mainland residents who say they will not travel to Hawaii because of it.The measure, House Concurrent Resolution 100, also has divided Republicans who disagree over its legitimacy and...   Continue
LEAD: Ex-Nova president admits to embezzling, but counsel pleads not guilty+   5/31/2009
OSAKA, June 1 (Kyodo) — (EDS: CLARIFYING 2ND GRAF, ADDING INFO)The former president of English conversation school operator Nova Corp. admitted to embezzling employment benefit funds shortly before the company went bankrupt at his first court hearing Monday at the Osaka District Court.But defense...   Continue
Texas House passes windstorm insurance bill, 2nd Ld-Writethru, TX   5/31/2009
AUSTIN, Texas (AP) — The Texas House unanimously approved a compromise on a windstorm insurance system overhaul Sunday night, an item that could have forced a special legislative session if it remained unresolved.The plan must still come up in the Senate before the Legislature adjourns Monday.The...   Continue
HDA's Home Plan Magazine, DesignAmerica(TM), Redesigned   5/31/2009
http://www.houseplansandmore.com () —Leading home plan company, HDA, Inc. has redesigned its magazine DesignAmerica(TM) with consumers in mind. DesignAmerica(TM) has proven to be a mainstay for those looking to see the latest best-selling home plans and the hottest trends in the housing market...   Continue

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At Issue

Don’t Bet On It
Karen Langhauser, Editor-in-chief, Food Manufacturing
Notes From The Real World
Mike Rainone, Co-Founder of PCDworks
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PD&D Design Engineer Hall of Fame Nominees
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Your opinion matters, opening a new product design shop
Your opinion matters to me, while I get ready to launch a new product design shop.  I need your opinion in this short 10 questions survey so I could "get it right". Product design survey   Continue

new machine lubrication concept
new machine lubrication concept Hi It is worthy to note an MIT study calculated that six to seven percent of America’s Gross National Product is spent repairing wear damage caused by poor lubrication. Those numbers are from a dow corning  Continue

Technology In The New Administration
I really don't think that this President is looking for a break although I am sure that he will take one if it is in the offering. He seems to welcome criticism, contemplate it and if need be make adjustments.  Continue

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