By Wayne
Cole
SYDNEY (Reuters) - Asian shares
turned lower on Monday as relief over the benign U.S. jobs report was chilled
by caution ahead of key inflation data later this week, while a coronavirus
outbreak in Taiwan took a toll on chip manufacturers.
Investors were wary on how shares of
major tech firms would react to the G7’s agreement on a minimum global
corporate tax rate of at least 15%, though getting the approval of the whole
G20 could be a tall order.
So far, the reaction was muted with
both Nasdaq and S&P 500 futures down 0.2%. EUROSTOXX 50 futures and FTSE
futures eased 0.1%.
Also of interest will be the tussle
over U.S. President Joe Biden’s proposed $1.7 trillion infrastructure plan with
the White House rejecting the latest Republican offer.
MSCI’s broadest index of
Asia-Pacific shares outside Japan slipped 0.3% and risked a fourth session of
losses. Japan’s Nikkei edged up 0.2% and touched its highest in almost a month.
Taiwan stocks lost 1.7% as a spike
in COVID-19 cases hit three tech companies in northern Taiwan, including chip
packager King Yuan Electronics.
Chinese blue chips were off 0.3%
ahead of data on exports and imports for May.
While the 559,000 rise in U.S.
payrolls missed forecasts it was still a major relief after April’s shockingly
weak report, while the jobless rate at 5.8% showed there was still a long way
to go to reach the Fed’s goal of full employment.
“The data was perfect for a
goldilocks type outlook for risk: not too hot to bring in fears of a faster Fed
taper, and not too cold to worry about the outlook for the recovery,” said
NatWest Markets strategist John Briggs.
“This caused a weaker USD, better
stocks, reinforced the earlier bid in commodities, and boosted emerging
markets.”
Attention will now turn to the U.S.
consumer price report on Thursday where the risk is of another high number,
though the Fed still argues the spike is transitory.
More
https://www.reuters.com/article/us-global-markets/asia-shares-turn-cautious-ahead-of-u-s-inflation-idUSKCN2DJ00P
Next, that G-7,
mutual admiration society, finance minister’s agreement in London, to increase
corporate taxes on the giant multinational companies.
Well maybe.
According to Reuters:
Key details remain to be negotiated
over the coming months. Saturday’s agreement says only “the largest and most
profitable multinational enterprises” would be affected.
And:
How tax revenues will be split is
not finalised either, and any deal will also need to pass the U.S. Congress
What really happens
next is that lobbyists, accountants, lawyers and funders of US politics, spend
the next several weeks and months drawing up provisions diluting the effect of
any proposed tax increases on their clients.
Since any tax changes
will need to get through the US Congress, much money will flow to US
politicians to try to make any tax changes meaningless.
Tech giants and tax havens
targeted by historic G7 deal June
5, 2021 9:02 AM By David Milliken , Kate
Holton
LONDON (Reuters) -The United
States, Britain and other large, rich nations reached a landmark deal on
Saturday to squeeze more money out of multinational companies such as Amazon
and Google and reduce their incentive to shift profits to low-tax offshore
havens.
Hundreds of billions of dollars
could flow into the coffers of governments left cash-strapped by the COVID-19
pandemic after the Group of Seven (G7) advanced economies agreed to back a
minimum global corporate tax rate of at least 15%.
Facebook said it expected it would
have to pay more tax, in more countries, as a result of the deal, which comes
after eight years of talks that gained fresh impetus in recent months after
proposals from U.S. President Joe Biden’s new administration.
“G7 finance ministers have reached a
historic agreement to reform the global tax system to make it fit for the
global digital age,” British finance minister Rishi Sunak said after chairing a
two-day meeting in London.
The meeting, hosted at an ornate
19th-century mansion near Buckingham Palace in central London, was the first
time finance ministers have met face-to-face since the start of the pandemic.
U.S. Treasury Secretary Janet Yellen
said the “significant, unprecedented commitment” would end what she called a
race to the bottom on global taxation.
German finance minister Olaf Scholz
said the deal was “bad news for tax havens around the world”.
Yellen also saw the G7 meeting as
marking a return to multilateralism under Biden and a contrast to the approach
of U.S. President Donald Trump, who alienated many U.S. allies.
“What I’ve seen during my time at
this G7 is deep collaboration and a desire to coordinate and address a much
broader range of global problems,” she said.
---- Current global tax rules date back to
the 1920s and struggle with multinational tech giants that sell services
remotely and attribute much of their profits to intellectual property held in
low-tax jurisdictions.
Nick Clegg, Facebook’s
vice-president for global affairs and a former British deputy prime minister,
said: “We want the international tax reform process to succeed and recognise
this could mean Facebook paying more tax, and in different places.”
But Italy, which will seek wider
international backing for the plans at a meeting of the G20 in Venice next
month, said the proposals were not just aimed at U.S. firms.
Yellen said European countries would
scrap existing digital services taxes which the United States says discriminate
against U.S. businesses as the new global rules go into effect.
“There is broad agreement that these
two things go hand in hand,” she said.
Key details remain to be negotiated
over the coming months. Saturday’s agreement says only “the largest and most
profitable multinational enterprises” would be affected.
European countries had been
concerned that this could exclude Amazon - which has lower profit margins than
most tech companies - but Yellen said she expected it would be included.
How tax revenues will be split is
not finalised either, and any deal will also need to pass the U.S. Congress.
French Finance Minister Bruno Le
Maire said he would push for a higher minimum tax, calling 15% “a starting
point”.
More.
https://www.reuters.com/article/us-g7-finance/tech-giants-and-tax-havens-targeted-by-historic-g7-deal-idUSKCN2DH05D
Finally, why a need for yet more “funny” money? What do central
banksters know about the Great Nixonian Error of fiat money, communist money,
that they aren’t sharing with the rest of us? Coming fiat money revulsion?
The future
of money: The digital currency revolution is here, and may sweep away 5,000
years of monetary history There is a coming storm in the world of
finance as governments around the world engage in a global contest to digitize
their currencies Michael Doyle 5 June, 2021.
For several hundred years, the
people living on the Pacific island of Yap used giant rocks as a basic form of
money. The most valuable of these massive limestone rings, called rai stones,
weighed several thousand kilograms. As a result, they weren’t easily exchanged
when an item was bought or sold. Boulders that were too big to roll from one
owner to the next were left in a permanent resting place.
Over time, the community devised a
way to maintain the value and ownership of each rai stone by creating a shared
oral history, a public account of the ledger.
---- The Yap islanders used rai stones until the 1960s (eventually relenting
to U.S. dollarization), and over that time the concept of money didn’t really
change much.
But there is a coming storm in the
world of finance.
At the onset of the COVID-19
pandemic, the Bank of Canada, the country’s central economic authority,
realized that physical cash, which had already been in decline for several
years, was in danger of reaching a tipping point. This threat to the centrality
and basic functions of the loonie, along with looming outside forces of
change brought on by cryptocurrencies, big tech and potentially proliferating
central bank digital currencies (CBDC) such as China’s digital yuan, has forced
the Bank of Canada to accelerate its plan to explore developing a digital loonie.
Governments around the world are now
engaged in a global contest to digitize their currencies, and this is becoming
the most disruptive force in finance and potentially geopolitics. The
digitization of money could create an opportunity for a new benchmark currency.
Will China outinnovate the United States in the race to become the dominant
global digital reserve currency? Or will it be Big Tech player such as
Facebook?
Whoever
emerges the victor from the coming money revolution will wield one of the most
powerful and truly global tools in human history. Money will be smart and
designed to do what its backers want, which promises efficiency and peril in
equal measure.
In Canada, less than 5 per cent of
what we think of as money is physical cash. The rest exists as commercial bank
deposits, not in vaults in the back of a building, but merely data points on
spreadsheets and other records, tracking millions of agreements and
transactions with people, businesses and other banks and institutions.
Cash has been in declining use for
years, outdone by the clinical power of swipe, chip and tap cards, and the
convenience of e-transfers. The pandemic has hastened the functional demise of
cash by two to three years, according to Andreas Veneris, a Connaught Scholar
and professor of electrical and computer engineering at the University of
Toronto who researches cryptofinance.
In February, 2021, the Bank of
Canada announced three teams it asked to submit detailed proposals for
its Model X Challenge to help shape the design, technology and vision for a
digital loonie. Prof. Veneris and his colleagues are one of three winning teams
of researchers. The other two are from the University of Calgary and McGill
University.
Model X’s call for proposals was
purposefully vague, according to those who participated, but one detail was
made clear throughout the process: The bank does not want to leave it to
outside actors to determine the fate of the loonie.
---- The U of T-York
team’s legal expert, Poonam Puri, says the government needs to think deeply
about how its policies will be shaped with a central bank digital currency. She
says a government might be tempted to tailor smart contracts to, say, impose
restrictions on how benefits could be spent, which could turn the loonie into
an ideological weapon.
More
https://www.theglobeandmail.com/business/article-the-digital-currency-revolution-may-usurp-analog-money/
“People
who enjoy meetings should not be in charge of anything.”
Thomas Sowell.
Global Inflation Watch. Given our Magic Money Tree central banksters and our
spendthrift politicians, inflation now needs an entire section of its own.
China's imports grow at fastest
pace in decade as materials prices surge
June
7, 2021
4:41 AM By Reuters Staff
BEIJING
(Reuters) -China’s imports grew at their fastest pace in 10 years in May,
fuelled by surging commodity prices, while export growth missed expectations,
likely weighed by disruptions caused by COVID-19 cases at major ports in the
country’s south.
Exports in dollar terms grew 27.9% in
May from a year earlier, slower than the 32.3% growth reported in April and
missing analysts’ forecast of 32.1%.
“Export surprised a bit on the
downside, maybe due to the COVID cases in Guangdong province which slowed down
the turnover in Shenzhen and Guangzhou ports,” said Zhiwei Zhang, chief
economist at Pinpoint Asset Management, adding that turnover at ports in
Guangdong will likely remain slow in June.
Major shipping companies have warned
clients of worsening congestion at Shenzhen’s Yantian port in Guangdong
province after the recent outbreak.
Zhang expects this shock to be
transitory and the current outbreak in Guangdong to be brought under control in
a few weeks.
In the meantime, Chinese exporters
are grappling with higher raw material and freight costs, logistics bottlenecks
and a strengthening yuan, which diminishes trade competitiveness.
However, a brisk recovery in
developed market demand and disruptions caused by COVID-19 in other
manufacturing nations are likely to bolster China’s exports in coming quarters,
analysts say.
Zhang Yi, chief economist at
Zhonghai Shengrong Capital Management, said the recent pick-up in imports of
semiconductors, which have been in short supply, suggests China’s exports of
relevant products would likely stay high in the second half of the year.
Imports increased 51.1% year-on-year
last month, the fastest growth since January 2011 and picking up from a 43.1%
rise in April, but slower than the 51.5% rise tipped by the Reuters poll.
China posted a trade surplus of $45.53
billion for the month, wider than the $42.86 billion surplus in April but less
than the $50.5 billion expected.
Prices for commodities such as coal,
steel, iron ore and copper have surged this year, driven by easing pandemic
lockdowns in many countries and ample global liquidity.
More
https://www.reuters.com/article/us-china-economy-trade/chinas-imports-grow-at-fastest-pace-in-decade-as-materials-prices-surge-idUSKCN2DJ09A
Economist Who Said Inflation Was
Dead Now Thinks It’s Alive Roger Bootle wrote the book about the taming of consumer
prices in the 1990s and now sees a different course that will shape debate at
central banks around the globe.
By David
Goodman 7
June 2021, 05:00 BST
A quarter of a century after declaring the death of
inflation, Roger Bootle is seeing signs of its rebirth.
Pockets of price growth are emerging from the cost of used
cars to lumber as the world starts to recover from the coronavirus pandemic.
That’s pushed borrowing costs in financial markets to multi-year highs in major
economies. While most central bankers seem content the higher gains are
transitory, some economists are sounding the alarm.
Among them is Bootle, founder of Capital Economics and author
of the 1996 book “The Death of Inflation: Surviving and Thriving in the Zero
Era.” Back then, he argued decades of consistently high rates had come to an
end.
While he doesn’t yet see a return to that era, in an interview
with Bloomberg on June 2, Bootle argued the world is on the cusp of another
turning point.
The conversation has been condensed and edited for clarity.
In the 1990s you identified the start of a new era for
inflation. Do you think this is the start of another sea change?
Roger Bootle: “It is the start of a sea change, I have to say.
That’s not to say that we’re going to go back to the strong inflationary
conditions of the 70s and early 80s. But at the very least, I think we are at
the end of the crypto-deflationary period that we’ve been in for the last few years.
“The danger of deflation has passed, and the risks have
definitely tilted in the other direction. How high inflation will go, and for
how long, that’s debatable. But I’m not in much doubt myself that there’s been
a sea change.”
What are the broad trends coloring your outlook?
“You’ve got to draw a distinction between two key influences,
and then policy on top, so three things to look at. The first is on the supply
side -- cost factors and institutional factors.
“Then, globalization, the collapse of trade unions and the
intensification of competition -- all those things, which I thought were, if
you like, acting a bit like a reverse oil shock -- presented a series of
downward price shocks. There’s still room for some of those things to appear
and continue. But the tide has turned, and the risks are very much the other
way.”
Is there any particular areas of concern?
“If I had to put my money on a single factor that was going to
push up costs in the years to come, I would say it was the environmental
emphasis and in particular the drive towards net-zero. This is going to lead to
a whole series of costs and price increases across the economy.
“The second element is demand. In the era before low
inflation, it was common for policymakers and academics to completely ignore
supply side institutional factors as being quite irrelevant -- it’s all about
money.
“When you look at the demand factors, it’s pretty striking.
We’re entering in a period when demand is going to be strong. We’ve got this
pent-up demand because of Covid. You’ve got people with lots of money.
Do
you think that a degree of complacency is creeping in with policy makers?
“I’m not sure complacency is quite the right word. I think
it’s over-optimism with regard to inflation, but on two counts. One that’s it’s
not going to go up that much, at least not sustainably. And two, if it does, as
and when they need to, they’re going to be able to contain it.
More
https://www.bloomberg.com/news/articles/2021-06-07/inflation-outlook-economist-roger-bootle-sees-consumer-prices-surge-after-covid?srnd=premium-europe
$4,749 Bike Hints at Inflation
Peril Looming for U.S. Economy Justin Blum 19 hrs ago
(Bloomberg) -- Customers crowding into U.S. bike shops are
often walking out empty-handed — or if they're lucky, with a bike whose
price has repeatedly gone up since last year.
Looking for a Santa Cruz Hightower C R, a full-suspension
carbon mountain bike? It’ll cost $4,749, up 10% from earlier this year. But
with stocks depleted, buyers probably will be told to wait for the next model,
due out this summer, at a higher price.
A hobby that's enjoying a new wave of popularity
illustrates the inflationary pressures rippling through the wider U.S. economy
— and bringing political risks for President Joe Biden — amid supply
bottlenecks and worldwide surges in demand.
Like their peers in many other industries, bike companies
are passing along higher costs driven by rising raw-material prices, strained
factories and overloaded delivery chains. They’ve been able to do that without
damping customer demand. And executives foresee more price increases, with
supply expected to remain tight and demand elevated through at least next year.
“The only way things would go down
is if there’s a glut of supply,” said Joe Graney, chief executive officer
of California-based Santa Cruz Bicycles. “That doesn’t seem like it’s going to
be an issue.”
Prices for all kinds of products,
from lumber to diapers, have been climbing this year. The headline measure of
consumer prices rose 4.2% in the 12 months through April, the most since 2008.
The numbers for May are due to be published on Thursday.
The
Biden administration and the Fed say inflation will likely
ease later this year. In the bike industry, though, many
expect increases to last longer than that. If that turns out to be the case
more broadly for prices across the economy, it could trigger voter discontent
as Biden’s Democrats prepare to defend their narrow control of the House and
Senate in next year’s midterm elections. Republicans blame Biden’s stimulus
spending for stirring up inflation.
More
https://www.msn.com/en-us/money/other/a-dollar4749-bike-hints-at-inflation-peril-looming-for-us-economy/ar-AAKJAyP
Meetings
are indispensable when you don't want to do anything.
John
Kenneth Galbraith.
Covid-19 Corner This
section will continue until it becomes unneeded.
Many long-haul COVID-19 patients
report improvement after vaccination, surprising experts
Angie Leventis
Lourgos, Chicago Tribune June 5, 2021
CHICAGO — Wendy French of northwest suburban Lake in the
Hills used to run 10 miles a day several times a week before she caught
COVID-19 in September, which left her fatigued and suffering from a variety of
symptoms for months after the virus was supposedly gone.
---- But after French got her first dose of the Pfizer
vaccine in mid-April, she described feeling healthy for the first time in more
than seven months.The second dose in May brought greater improvement to her
health.
“I felt really good the next day
after the first one,” she said. “I had more energy than I’ve had in weeks.”
It’s a phenomenon that has surprised
— and elated — medical experts: A growing number of COVID-19 “long-haulers,”
those with lingering long-term symptoms linked to the virus, are reporting
sudden improvement after getting a COVID-19 vaccine.
Initial research has found that
anywhere from 30% to 40% of these patients describe some symptom relief
post-vaccination, the latest medical mystery posed by the new virus.
It’s still unclear why some
coronavirus survivors don’t seem to get better weeks or even months after
infection. Now scientists and physicians are trying to understand why many of
these patients seem to feel better after getting vaccinated, improvements that
range from a mild decline in symptoms to a life-changing return to their
pre-COVID-19 health.
Theories include the possibility
that the vaccine might be stopping a harmful immune response in long-haulers or
that the shot could be resetting their immune systems. Some clinicians and
scientists have theorized that long-haulers suffer from residual amounts of
virus remaining in their bodies, and vaccination might help their immune
systems fight off what’s left over.
Equally puzzling is why the shots
seem to help some long-haul patients recuperate while others report no symptom
improvement after getting immunized.
More
https://www.msn.com/en-us/health/medical/many-long-haul-covid-19-patients-report-improvement-after-vaccination-surprising-experts/ar-AAKKWI4?ocid=uxbndlbing
U.S. boosts Taiwan’s Covid-19
fight with 750,000 vaccine doses Published Sun, Jun 6 2021 1:29 AM EDT
The United States will donate
750,000 Covid-19 vaccine doses to Taiwan as part of the country’s plan to share
shots globally, U.S. Senator Tammy Duckworth said on Sunday, offering a
much-needed boost to the island’s fight against the pandemic.
Taiwan is dealing with a spike in
domestic cases but has been affected like many places by global vaccines
shortages. Only around 3% of its 23.5 million people have been vaccinated, with
most getting only the first shot of two needed.
Speaking at Taipei’s downtown
Songshan airport after arriving on a three-hour visit with fellow Senators Dan
Sullivan and Christopher Coons, Duckworth said Taiwan would be getting 750,000
doses as part of the first tranche of U.S. donations.
“It was critical to the United
States that Taiwan be included in the first group to receive vaccines because
we recognize your urgent need and we value this partnership,” she said at a
news conference after the group arrived from South Korea.
She did not give details of which
vaccines Taiwan would get or when.
Taiwan has complained about China,
which claims the democratically-ruled island as its own, trying to block the
island from accessing vaccines internationally, which Beijing has denied.
Standing
by Duckworth’s side, Taiwan Foreign Minister Joseph Wu thanked the United
States for the donation.
More
https://www.cnbc.com/2021/06/06/us-boosts-taiwans-covid-19-fight-with-750000-vaccine-doses.html
Boris Johnson calls on G7 leaders
to vaccinate the globe by end of 2022 Sunday 6 June 2021 11:22
am
Boris Johnson will urge world leaders
at next week’s G7 summit in Cornwall to help vaccinate the entire globe against
Covid-19 by the end of 2022.
He said today that the world’s
richest countries had to come together to end the coronavirus pandemic, adding
that “vaccinating the world by the end of next year would be the single
greatest feat in medical history”.
Around
900m people have received one dose of a Covid vaccine globally – around 11 per
cent of the world’s population.
Of these, 450m have received two
doses of a vaccine.
Johnson said that G7 countries have
to be at the forefront of boosting global vaccine supplies by “stepping up the
manufacture of vaccines” and “lowering barriers to the international
distribution of those vaccines”.
“Next week the leaders of the
world’s greatest democracies will gather at an historic moment for our
countries and for the planet,” he said.
“The world is looking to us to rise
to the greatest challenge of the post-war era: defeating Covid and leading a
global recovery driven by our shared values.
“Vaccinating the world by the end of
next year would be the single greatest feat in medical history.
“I’m calling on my fellow G7 leaders
to join us to end to this terrible pandemic and pledge will we never allow the
devastation wreaked by coronavirus to happen again.”
https://www.cityam.com/boris-johnson-calls-on-g7-leaders-to-vaccinate-the-globe-by-end-of-2022/
Since there's only 7 of them and over 7 billion of us, plus they all have day jobs, that's going to be a little difficult.
Next, some vaccine links kindly
sent along from a LIR reader in Canada. The links come from a most informative
update from Stanford Hospital in California.
World
Health Organization - Landscape of COVID-19 candidate vaccines . https://www.who.int/publications/m/item/draft-landscape-of-covid-19-candidate-vaccines
NY
Times Coronavirus Vaccine Tracker . https://www.nytimes.com/interactive/2020/science/coronavirus-vaccine-tracker.html
Stanford
Website . https://racetoacure.stanford.edu/clinical-trials/132
Regulatory
Focus COVID-19 vaccine tracker . https://www.raps.org/news-and-articles/news-articles/2020/3/covid-19-vaccine-tracker
Some other useful Covid links.
Johns Hopkins Coronavirus
resource centre
https://coronavirus.jhu.edu/map.html
Rt Covid-19
https://rt.live/
Centers for Disease Control
Coronavirus
https://www.cdc.gov/coronavirus/2019-ncov/index.html
The Spectator
https://data.spectator.co.uk/city/national
Technology Update.
With events happening
fast in the development of solar power and graphene, I’ve added this section.
Updates as they get reported.
What we know about water may have
just changed dramatically New research
points to a potentially strong impact from water purification to drug
manufacturing Date:
June 4, 2021
Source:
University of Southern California
Summary: New research shows that when water comes into
contact with an electrode surface all its molecules do not respond in the same
way. This can dramatically affect how well various substances can dissolve in
water subject to an electrical field, which in turn, can determine how a
chemical reaction will occur. And chemical reactions are a necessary component
in how we make...everything. The implications of this new revelation could have
a remarkable impact on all water-related processes from water purification to
drug manufacturing.
Water is weird -- and yet so important.
In fact, it is one of the most unusual molecules on Earth. It boils at a
temperature it shouldn't. It expands and floats when it is in the solid-state.
Its surface tension is higher than it should be. Now, new research published in
the journal Nature has added one other equally strange property to
water's list of oddities. The implications of this new revelation could have a
remarkable impact on all water-related processes from water purification to
drug manufacturing.
Stephen Cronin, professor of electrical
and computer engineering at USC Viterbi School of Engineering, and Alexander
Benderskii, associate professor of chemistry at the USC Dornsife College of
Letters, Arts and Sciences, have showed that when water comes into contact with
an electrode surface all its molecules do not respond in the same way. This can
dramatically affect how well various substances can dissolve in water subject
to an electrical field, which in turn, can determine how a chemical reaction
will occur. And chemical reactions are a necessary component in how we
make...everything.
It's appropriate that this
groundbreaking work should come from interdisciplinary research between a
chemist and an electrical engineer. After all, chemistry is fundamentally a
study of electrons, and chemical reactions are what make the materials our
modern world is built on. Each researcher provided an important component to
the work. In this case, a groundbreaking electrode from the engineer, Cronin,
and an advanced laser spectroscopy technique from the chemist, Benderskii.
Ultimately, it was the combination of these two designs that led to the
breakthrough observed.
First, Cronin designed a unique
electrode built from monolayer graphene (just 0.355nm thick). Building graphene
electrodes in and of itself is a very complex process. In fact, the electrode
needed for this particular research is one that research groups across the
globe have tried and failed to do in the past. "Alex and I had been
struggling a while to achieve this and we had to change our design many times.
It's rewarding and exciting to finally see the results of our work,"
Cronin said.
Once the electrode is placed on a
cell of water and begins running a current, Benderskii's technique comes into
play. He uses a special laser spectroscopy method that only a handful of other
research groups have been capable to reproduce. "Using our approach to
observe water molecules for the first time under the conditions of our
experiments, we were able to see how the molecules interacted with the field in
a way no one had previously understood," Benderskii said.
What the two found was that the top
layer of water molecules closest to the electrode align in a completely
different way than the rest of the water molecules. This realization was
unexpected. But it can open the way to run more accurate simulations of how
aqueous chemical reactions in various fields affect the materials they work
with. One particular area where this research could have an immediate impact is
providing clean water. "Water in contact with graphene is indeed being
proposed as a new technology in de-salinization," Cronin said. "Our
research could help scientists design better simulations that will ultimately
bring to people desalinated clean water faster, cheaper, and cleaner."
Benderskii and Cronin don't plan on
ending their long-standing research collaboration anytime soon. Now that they
have identified this new quality of water, they plan to dig deeper. "Our
published research is about how water collectively responds to a current. Next,
we are trying to understand how this response works at an individual molecular
level," Benderskii said.
https://www.sciencedaily.com/releases/2021/06/210604122503.htm?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+sciencedaily%2Fmatter_energy%2Fgraphene+%28Graphene+News+--+ScienceDaily%29
"The best way to appreciate your job is to
imagine yourself without one.
Oscar Wilde.
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