What is interesting here is that the troops were supposed to return in 2008, but have remained deployed because no replacements could be found amongst other NATO members, and Labor pulled out as a result.
This means that elections will be held a year ahead of time, probably in May, and that the main issue is likely to be the deployment of Dutch troops to Afghanistan, and given the nature of the electorate in Holland, and Europe generally, I think that the parties who favor immediate withdrawal are likely to gain the upper hand.
This may have political significance to other nations deploying troops to the campaign.
The cost of living in the U.S. rose in January less than anticipated and a measure of prices excluding food and fuel fell for the first time since 1982, indicating the recovery is generating little inflation.
The consumer-price index increased 0.2 percent for a fifth straight month, led by higher fuel costs, Labor Department figures showed today in Washington. Excluding energy and food, the so-called core index unexpectedly fell 0.1 percent, reflecting a drop in new-car prices, clothing and shelter.
And still, the Federal Reserve is full of people who are batsh%$ insane inflation hawks, and there are two seats open, but Obama has not bothered to appoint people who are, you know, saner, in what is clearly a deflationary environment.
Startup company American Dynamics Flight Systems has been developing a UAV to address the needs of the various services for high speed cargo UAVS most notably the Marine Corps VTOL Group IV Program and Medium Programs, the USAF Unmanned Cargo VTOL UAV Program, and the US Coast Guard’s VTOL UAV Program.
All of these programs are requiring fairly high speeds, a cruise at least 250 kts, which pretty much rules out a conventional helicopters which tend to cruise at less than 175 kts.
The solution that was adopted on the V-22 is a tilt rotor, where the propellers are pivoted from horizontal to vertical in the transition from horizontal flight to vertical takeoffs and landings.
The issue with a tilt rotor system is that, even more than in a conventional helicopter, managing the transition from horizontal to vertical flight can become difficult and complex.
In the V-22, this is handled with a cyclic type control system that mirrors the swash plate type setups that exist on helicopters.
While this is obviously a known quantity in vertical lift mode, issues in transition to wing-borne flight had to be resolved before the tilt-rotor could become viable, there is a cost in complexity, cost, and reliability in using a complex prop assembly for such a system.
ADF Concept
Moves in pitch and yaw
The solution for the AD-1 is different. A ducted fan which is controllable in pitch and yaw, but where the pitch of the fan is fixed is used, the High Torque Aerial Lift (HTAL).
Pitch is obviously a given in any tilt rotor, which theoretically makes the addition of yaw actuators for the propulsors less complex, and hence lighter, cheaper, and more reliable than going with a full up cyclic control system.
Fixed Aluminum Prop
This sort of control system has been used in the past, at the dawn of the development of helicopters, where the use of tilting rotor hub, rather than a swash plate style cyclic was, for example, used by Raúl Pateras Pescara used this on his early helicopters in the 1920s, where he pitched the hub forward to allow for forward flight without the need for a separate propeller to provide lateral thrust.
The application to a tilt-rotor aircraft, and the use of rotor hub in yaw, appear to be unique, and a patent is pending.
Propulsor shroud panel
Additionally, the use of a shrouded propulsor provides for greater thrust/lift for a given disk area, by acting as a nozzle to accelerate flow.
The shrouds themselves have composite skins. The panel shown is well under 10 pounds.
The use of a shrouded prop should also simplify deck handling, since it mitigates against the possibility of someone walking into a moving prop, and there are added efficiencies because the down wash in vertical lift mode does not impinge on the wing.
All moving ruddervators
It should be noted that the aircraft has been designed from the outset to be low cost, and so notwithstanding its appearance, it is not designed to be a low-observable (“stealth”) airframe.
The top mounted inlet is intended to minimize the possibility of FOD damage to the engine, the all moving ruddervators were developed after it was determined that a rear moving flap on a conventional rudder fin would not provide sufficient control authority, and the wing configuration is designed to minimize pitch changes during transition from vertical to horizontal flight.
Wind tunnel model
AD1 Development
ADF is relying heavily on computational fluid dynamics (CFD) to determine the characteristics of the, and according to Paul Vasilescu, VP of Engineering, their experiences at the Paul Vasilescu Glen L. Martin wind tunnel at the University of Maryland have been closer to the calculated predictions than any prior systems tested at the facility.
The simulations are run on 64 bit Linux rack mount systems, with some of the more complex simulations, which are being modeled in 6 degrees of freedom.
Instrumented Test Rig
The propulsors have been modeled, both in full size, and at the reduced size in which they will be tested in the wind tunnel, which should serve to further validate the mathematical modeling.
It is anticipated that the propulsors will be tested in full scale on an “iron bird” instrumented test rig at Aberdeen Proving Ground, where ADFS hopes to, “Confirm CFD performance data for hover in ground effect (HIGE) and hover out of ground effect (HOGE),” later this year, using a T53 turboshaft, used on the original UH-1 models, but flight models will use the T700, which is currently in use on the AH-64 and UH-60.
The mechanical design is done in SolidWorks®, which I’ve used extensively, and should be more than capable of generated the required geometries, though it’s associated FEA package, Cosmos®, is intended for less intensive analysis.
AD-1 Manufacturing Capabilities
Applied Dynamics Flight Systems has a 14,700 square foot manufacturing facility at the Jessup headquarters with 3 & 4 axis CNC mills, and anticipates being able to assemble 12 units a year upon receipt of a contract.
Manufacturing workshare
Paths not taken
At this point, the company does not believe that there is a reasonable market for civilian applications for UAVS, the FAA has not yet come up with a coherent regulatory environment, and the technology to allow UAVs to operate in civilian airspace, so called “sense and avoid” technology, is immature.
They believe the situation to be rather similar in terms of ambulance applications on the battle field, an area where the Israeli firm Urban Aeronautics’ similarly sized Air Mule is attempting to carve out a niche, there are serious issues with landing aircraft into unprepared areas, as many of the cues that a pilot has in a cockpit are lost on a remote display, and so additional technology needs to be developed in terms of automated imaging and auto-landing systems before one can expect a UAV
The first rule of Investment Banking Club is, you do not talk about Investment Banking Club.
You generally know where to look for selfishness and an immature sense of entitlement, but Moe Tkacik finds something that makes the folks at CPAC looking like Mahatma Ghandi.
Rather unsurprisingly, she finds it on wall street, where the bankers are, “As mad as hell,” about all the nasty things that people say about them ……… All while sucking down 7 figure salaries and bonuses.
You see, the bankers had a get together, and they invited her:
Still, I had heard of no plan for any sort of public up-close-and-personal plutocrat-on-plutocrat spectacle to give voice to the inchoate counterrevolution, no Millionaire’s March offering group catharsis to the angry wealthy white. But on Tuesday, Jan. 26, I received a mass e-mail from Schwartz Communications with the subject: “Wall Street Strikes Back at White House.”
It was held the trading floor of John Thomas† Financial, and (yet again) it defies belief, but suffice it to say that there was a Republican candidate for the US Senate, the bald guy is the head of the firm, Anastasios (Thomas) Belesis, who is a piece of work all on his own:
Belesis’s FINRA profile is similarly alarming. Investors have accused him of churning, fraud, excessive trading, breach of contract and other violations. Regulators have ordered him to repay investors more than a million dollars.
So, he’s mad as hell, and he’s not going to take it any more.
Of course, in a just world, he would be banned from the securities industry for life.
This story continues with epic tails of sexual harassment and the disposal whipped cream.
Just go read it.
*Conservative Political Action Comittee †Yes, “John Thomas” is a bit of slang in Britain for a portion of the male anatomy, and it’s very apt here, and yes, there is a real investment bank by that name.
Software giant Microsoft will begin outsourcing general legal work to India after signing a deal with legal process outsourcing (LPO) company CPA Global. The news comes as CPA outlined plans to expand its Indian workforce from 600 to 1,000 by the end of 2011, and hinted at opening another outsourcing centre.
Outsourcing to India: It’s not just for engineers any more.
What I want to see is outsourcing applied to investment bankers and brokers.
In my earlier examinations of this matter, it appeared that Goldman Sachs was considering letting it slide, because Mr. Aleynikov was requesting something that they did not want to provide.
The basics are fairly simple: High Frequency Trading (HFT) is basically a way to front run the entire market, and this guy was their head software guy in the process, so the trial should be interesting.
He pens another gem, titled, “Wall Street’s Bailout Hustle,” where he juxtaposes Wall Street and street bunco games, and finds startling similarities:
The only reason such apathy exists, however, is because there’s still a widespread misunderstanding of how exactly Wall Street “earns” its money, with emphasis on the quotation marks around “earns.” The question everyone should be asking, as one bailout recipient after another posts massive profits — Goldman reported $13.4 billion in profits last year, after paying out that $16.2 billion in bonuses and compensation — is this: In an economy as horrible as ours, with every factory town between New York and Los Angeles looking like those hollowed-out ghost ships we see on History Channel documentaries like Shipwrecks of the Great Lakes, where in the hell did Wall Street’s eye-popping profits come from, exactly? Did Goldman go from bailout city to $13.4 billion in the black because, as Blankfein suggests, its “performance” was just that awesome? A year and a half after they were minutes away from bankruptcy, how are these assholes not only back on their feet again, but hauling in bonuses at the same rate they were during the bubble?
The answer to that question is basically twofold: They raped the taxpayer, and they raped their clients.
I already blogged about the big news of the day, the increase in the rate for the discount window, so the lede here, as it is every jobless Thursday, is initial unemployment claims, which rose by 31,000 to 473,000, though the 4 week moving average fell slightly, and continuing claims were unchanged.
The Federal Reserve Bank of Philadelphia released its index of regional manufacturing activity, and the index is positive, indicating continued growth, for the 6th straight month.
I’m not sure if this is just generally bad news, or if it implies that shoppers are moving upscale and spending more.
The rest of the news is driven by today’s Fed announcement, which drove treasuries down, and thus yields up, as well as pushing the dollar, and crude oil higher.
The Pulitzer Prize Board has officially accepted The National Enquirer’s submissions for breaking the John Edwards scandal, according to sources close to the Board. In a historic move, the Pulitzer Board conceded that the self-proclaimed tabloid is qualified to compete with mainstream news outlets for journalism’s most prestigious prize. The Enquirer is in the running for the Pulitzer in two categories: “Investigative Reporting” and “National News Reporting” for The National Enquirer staff.
I agree that they should be considered for the prize, but it’s still weird.
Niger’s military said it suspended the constitution and dissolved government institutions after overthrowing the regime of President Mamadou Tandja.
The coup was carried out in the name of the Supreme Council for the Restoration for Democracy, military spokesman Abdul Karim Goukoye told reporters at a late-night briefing in an army camp in the capital, Niamey. He didn’t say who had led the coup.
…………
Tandja dissolved parliament in May and assumed emergency powers after the Constitutional Court rejected his call for a referendum to change the constitution to eliminate term limits. In July, he disbanded the court after it ruled a third time against his plans to serve a third term.
Not clear as to who the good guys are in this whole thing, or even if there are any good guys in this whole thing.
I think that it’s a bad idea in the first place, and that it’s a way to create political cover for weakening Social Security and Medicare, and what’s more, as former Clinton Treasury official Brad Delong notes, putting Simpson in charge of deficit reduction is like naming an, “Arsonist to Co-Run the Fire Department,” with history of supporting every half-assed tax cut for the rich plan out there, supporting Reagan’s disastrous 1981 cuts, and opposing Clinton’s tax increases, which produced the first surpluses in a generation.
What really worries me is that we have a whole bunch of Beltway Boyz who are thinking that the huge problem is Social Security and Medicare, and are looking for a way to gut them.
The Federal Reserve has just raised the interest rate on its discount window, an emergency lending facility used by banks, by 25 basis points, from ½% to ¾%, and shortened the term of the loans from 28 days to 24 hours. (The 28 days bit was an emergency measure, so the overnight duration is the pre-meltdown status quo)
This facility is used for short term lending, but it’s not frequently used, as generally, for overnight liquidity, etc., banks use the Federal Funds Rate, which dictates what rate banks use when they lend to each other.
The increase is on the difference between the discount window and the Federal Funds Rate. The discount window is more expensive, because its use is discouraged, the Fed prefers banks to deal in commercial money, not government money.
The Fed is saying that this does not represent a change in policy, and this is a small part of of the monetary picture, to be sure, but it is a tightening, and actions, as the saying goes, speak louder than words.
My guess, and my Federal Reserve Kremlinology is by no means authoritative, is that now that Bernanke has been safely confirmed by the Senate, he is looking toward creating an environment in which monetary policy can work.
Monetary policy, at least on the expansionary side of the equation, work now, because interest rates are below 1% and you can’t cut interest rates below 0%, at least not under the current regulatory environment.*
It’s called the “Zero Bound” problem, and I’m sure that Bernanke, as well as the whole Fed, wants to be back in a world where inflation and employment can be managed in both directions though monetary tools.
Krugman actually wants this too, he’s been clear on this.
I just think that this move is somewhat premature.
*Actually, you can, with inflation devaluing currency, as I have said many times, but raising inflation targets gives central bankers the hives.
Press Release Federal Reserve Press Release
Release Date: February 18, 2010 For release at 4:30 p.m. EDT
The Federal Reserve Board on Thursday announced that in light of continued improvement in financial market conditions it had unanimously approved several modifications to the terms of its discount window lending programs.
Like the closure of a number of extraordinary credit programs earlier this month, these changes are intended as a further normalization of the Federal Reserve’s lending facilities. The modifications are not expected to lead to tighter financial conditions for households and businesses and do not signal any change in the outlook for the economy or for monetary policy, which remains about as it was at the January meeting of the Federal Open Market Committee (FOMC). At that meeting, the Committee left its target range for the federal funds rate at 0 to 1/4 percent and said it anticipates that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period.
The changes to the discount window facilities include Board approval of requests by the boards of directors of the 12 Federal Reserve Banks to increase the primary credit rate (generally referred to as the discount rate) from 1/2 percent to 3/4 percent. This action is effective on February 19.
In addition, the Board announced that, effective on March 18, the typical maximum maturity for primary credit loans will be shortened to overnight. Primary credit is provided by Reserve Banks on a fully secured basis to depository institutions that are in generally sound condition as a backup source of funds. Finally, the Board announced that it had raised the minimum bid rate for the Term Auction Facility (TAF) by 1/4 percentage point to 1/2 percent. The final TAF auction will be on March 8, 2010.
Easing the terms of primary credit was one of the Federal Reserve’s first responses to the financial crisis. On August 17, 2007, the Federal Reserve reduced the spread of the primary credit rate over the FOMC’s target for the federal funds rate to 1/2 percentage point, from 1 percentage point, and lengthened the typical maximum maturity from overnight to 30 days. On December 12, 2007, the Federal Reserve created the TAF to further improve the access of depository institutions to term funding. On March 16, 2008, the Federal Reserve lowered the spread of the primary credit rate over the target federal funds rate to 1/4 percentage point and extended the maximum maturity of primary credit loans to 90 days.
Subsequently, in response to improving conditions in wholesale funding markets, on June 25, 2009, the Federal Reserve initiated a gradual reduction in TAF auction sizes. As announced on November 17, 2009, and implemented on January 14, 2010, the Federal Reserve began the process of normalizing the terms on primary credit by reducing the typical maximum maturity to 28 days.
The increase in the discount rate announced Thursday widens the spread between the primary credit rate and the top of the FOMC’s 0 to 1/4 percent target range for the federal funds rate to 1/2 percentage point. The increase in the spread and reduction in maximum maturity will encourage depository institutions to rely on private funding markets for short-term credit and to use the Federal Reserve’s primary credit facility only as a backup source of funds. The Federal Reserve will assess over time whether further increases in the spread are appropriate in view of experience with the 1/2 percentage point spread. 2010 Monetary Policy Releases
In a good way.
I have to admit that