Category Archives: Industrial

Nuclear power plant explosion following earthquake tsunami in Japan

Posted on March 12, 2011 by MyOrbit-Team| Leave a comment

Fukushima Daiichi nuclear power plant had an explosion today after the nuclear core could not cool down due to lack of cooling system, which went down due to the earthquake damage. Though the plant crew tried to bring the reactor’s temperature down during the last 24 hours, the manual effort was not enough compared to the coolant requirements for the nuclear reactor. And the explosion of the reactor building is an indication that manual cooling was not successful, and now radiation leakage is on. Workers at the Fukushima Daiichi plant plan to flood the reactor containment structure with sea water to bring the reactor’s temperature down to safe levels, which may take two days. Radiation levels are said to have fallen since the explosion but authorities have expanded the evacuation to include a radius of 20 km. Continue reading →

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Posted in Energy, Geo-APAC, Industrial, Insurance, People

Tagged earthquake, earthquake tsunami Japan, Fukushima Daiichi nuclear power plant, nuclear power plant design, tsunami

Commodities Are The Best Investment Today: Jim Rogers

Posted on November 23, 2010 by MyOrbit-Team| 1 Comment

23 Nov, 2010: Korea tension: Commodities are the thing to invest in, says Jim Rogers

In an interview with ET Now, Jim Rogers, Chairman, Rogers Holding, talks about the correction in global markets besides giving his views on commodities and India. Excerpts:

Q1: Global markets are correcting and everyone is saying it is because of Korea. Would you endorse that thought?

First of all, global markets should be correcting about this time because they have been pretty strong recently and there is always some reason to correct. This time, it looks like it might be Korea. Whenever you have threat of war, usually everything goes down at first, then you have to figure out what to invest in after the initial collapse. In my view, the thing to invest in is commodities because if there is going to be war, it is always good for commodities and if there is no war, then commodities will rally like everything else. Continue reading →

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Posted in 5 Questions, Capital Markets, Geo-Americas, Geo-APAC, Geo-Europe, Industrial, Investments, Market News, MyOrbit Network, People

Tagged Ben Bernanke, Commodity investments, Investing in Commodities, Jim Rogers, Korea, monetary policy, QE2, Real assets, USA

Miracle 2010: All 33 Miners Rescued Safely from San Jose Mine in Chile

Posted on October 14, 2010 by MyOrbit-Team| Leave a comment

All 33 Miners Rescued Safely from San Jose Mine in Chile, and it is an amazing feat. This is a miracle. We are very happy to see all miners come back alive and safely. 33 out of 33 in such a difficult mining accident will make it a milestone in mining history, or any engineering accident for that matter.

And it has been made possible by (1) sheer determination of the trapped miners to survive and (2) absolute top class engineering and mining effort by the rescue teams. We hear the total team was made of experts from USA, Germany, and many other countries. NASA also helped with special high calorie liquid food and psychological coaching to the trapped miners to survive the long isolation. This is a world class example for Project Management.

Congratulations to all people involved in this extremely well executed project.

estamos muy contentos de los mineros! le deseamos una larga vida!

Fenix was the capsule designed to rescue one miner at a time.

Miner Jose Ojeda arrives as the seventh miner ...

Residents rally in support of the miners trapped ...

Following were photos taken from inside the mine on 27 August 2010, and we were praying for the safety of the miners, and today we are very happy after their successful rescue mission.