So I was not surprised that a journalist would find Sachs to be a compelling central character for a book—and a good way to draw readers into the potentially dry subject of international development.
BATs floating 1,000 feet above the earth could hold the secret to providing cheap, quickly installed power to off-grid consumers or disaster-stricken areas.
The BAT, short for “Buoyant Air Turbine,” is essentially a wind turbine in the sky. Developers across the country and around the world are testing various methods of sending these lightweight, high-altitude turbines aloft, using blimps, winged aircraft, and cylindrical balloons to reach sweet-spot heights where operators can harvest the most wind with the least resistance.
The model was designed to implement strategy from the top and move men and materiel efficiently. It assumed that leaders had better understanding than those on the lower rungs. Managers made plans and foot soldiers carried them out.
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This iconic symbol of American aviation is powered by four of GE Aviation’s CF6 turbofan engines. What some people may not realize is that the same engine family is now driving the expansion of one of Asia’s fastest growing airline companies.
Although share prices for most U.S. exploration and production (E&P) companies are at all-time highs, the elephant in the room is an industry financed by the high-yield debt market, better known as “junk bonds.” The S&P says that 75 of the 97 energy E&P companies it rates are below investment grade.