What is likely to trigger a disorderly crisis? Cracks are showing in both the north and the south. One or more northern countries could simply refuse to support the next round of bailouts opposition parties are already seizing on this theme and nationalist feelings are rising. Or Greece could explode: street riots could get out of hand, and the Greek parliament could vote no confidence in the government and its cooperation with the troika of lenders.
Gerken’s supervisor, a 41 year veteran of the oil patch named Don Hawker, has seen downturns before. But this one, he reckons, is a “doozy.” Their company, MBI Energy Services, has been fighting tooth and nail to get the few jobs that remain, but competitors often undercut them on price. At a time when so many are desperate for work, it can feel like a race to the bottom..
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A team of Caltech chemists has discovered a method for producing a group of silicon containing organic chemicals without relying on expensive precious metal catalysts. Instead, the new technique uses as a catalyst a cheap, abundant chemical that is commonly found in chemistry labs around the world potassium tert butoxide to help create a host of products ranging from new medicines to advanced materials. And it turns out that the potassium salt is more effective than state of the art precious metal complexes at running very challenging chemical reactions.