"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "

Chinese premier Wen Jiabao 12th March 2009

""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."

Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Wednesday, October 10, 2007

German chemist Gerhard Ertl wins Nobel prize on his birthday.

German scientist Gerhard Ertl former director at the Max Planck Institute has been awarded the Nobel prize (US$1.5Mn.) for Chemistry on his 71st birthday.

His work concentrated on the understanding of how individual layers of atoms and molecules behave on surfaces - and he has pioneered and developed the study of the dynamical aspects of chemical processes on metal surfaces in atomic and molecular level.

All this helping to explain the way catalysts work, iron rusts, fuekl cells function and the descrtuction of the ozone layer.

An unglamourous research field but essential to providing the tools which have explained such diverse processes as the so-called Haber-Bosch process which makes fertilizers work by taking nitrogen from air and converting it into ammonia by combining it with hydrogen, thus enabling imptovments in efficiency and productivity to be developed.

The consequence of his lifelong work is that the knowledge base which his fundamental studies have addressed is directly related to major commercial processes.

He received the Japan Prize in 1992 which is generally considered to be the Japanese equivalent of the Nobel Prize.

Max Planck Press release

No comments:

(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish