Google Working on Project to Let You Receive and Pay Bills Directly Inside Gmail
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Reshared post from +Luxurious Magazine
Jaguar lends its industry-leading expertise in vibration analysis to create revolutionary Pinarello DOGMA K8-S bicycle for Team Sky
Jaguar has deepened its Innovation Partnership with Team Sky by co-engineering the world’s first bespoke bicycle for hugely challenging terrains with bicycle manufacturing experts, Pinarello.
The Pinarello DOGMA K8-S bicycle, which all eight Team Sky riders will debut at the Tour of Flanders on Sunday 5th April, possesses a new lightweight suspension system (DSS 1.0, Dogma Suspension System) and flexible flat carbon chain stays (FLEXSTAYS™) to create a pioneering suspension pivot in the rear triangle to ensure perfect riding comfort over rough terrains.
Pinarello’s priority was to create an innovative framethat could improve rider isolation from the challenging road surfaces and help reduce rider fatigue.
Taking key insights from the pioneering aerodynamics & technology-leading work on the DOGMA F8, the first collaborative project for Jaguar, Pinarello and Team Sky, Jaguar’s engineers have applied their advanced aerodynamics knowledge and experience in ride and vibration analysis, to help create an overall performance increase of 4.6% and 50% improved comfort for the riders over rough terrains from the previous DOGMA K model.
“The Pinarello DOGMA K8-S looks as good as the DOGMA F8, and from the moment you get on it, you realise the difference straight away, especially on the cobbles,” said Team Sky’s Sir Bradley Wiggins.
The reigning UCI World Time Trial Champion added: “I’ve never ridden anything like it on cobbles before, which is the most extreme terrain you can ride a bike on. The way it feels, its aerodynamics, stiffness, and improved flex in the rear, is game-changing for cycling.
“This is the first time anyone has gone out there, looked at the demands of the cobbles, and made a bike specifically for that job. It was really noticeable in testing between the guys on the K8-S to the others that weren’t. It gives us lots of confidence and a huge advantage on the cobbles.
“The level of innovation and thinking outside the box, largely down to Team Sky and the automotive expertise from Jaguar, is streets ahead of other teams and manufacturers out there.”
While lower domestic rates will briefly satisfy those who see economic salvation in an ever weaker currency, they will exacerbate a national debt fetish that is increasing Australia’s economic vulnerability. Central banks here and abroad have repeatedly cut official interest rates to spur business borrowing, investment and jobs growth without obvious success.
Indeed, the only horses slurping the monetary water on offer in Australia have been our already heavily indebted households. While other countries have been curbing their reliance on debt since 2011 – when the Reserve Bank started its aggressive rate-cutting strategy – Australian households have been ratcheting up theirs to the equivalent of 130 per cent of national income, the highest level in the world and rising.
Household debt is growing more than twice as fast as wages are, while the value of loans to buy second or more houses is ballooning by about 10 per cent, or $50 billion, a year.
Add in Australia’s businesses and overall private sector debt has risen to a national high of 206 per cent of national income, having steadily increased from the bottom to the top quartile of rich countries over the past 30 years, according to recent Barclays research. New house and apartment construction is going gangbusters at a pace of 230,000 dwellings a year, or more than enough to house a country whose population increases by around 400,000 a year.
House prices are still rising at double-digit annualised rates in Sydney and Melbourne, but business borrowing and investment here and worldwide despite repeated and significant cuts in interest rates are still sluggish, hobbled in part, at least, by the economic uncertainty ultra-low rates entail.
Australia cannot buck the global trend towards ever lower rates, a phenomenon whose causes and consequences are dividing the greatest economic minds of our generation.
But in the face of evidence of rapidly rising leverage and ineffectiveness at boosting jobs or real business investment, it would be better to keep a bit of its monetary powder dry in case of an actual crisis.
While falling iron ore and coal prices bode ill for our short-term national income, lowering interest rates will do nothing to offset these structural, rather than cyclic, challenges our economy faces.
Known as the gateway to Australia, Sydney is the country’s global city, where competition for housing can be fierce. Housing there thus commands a premium over other capitals.
To be sure, much of what is happening in Sydney is just catch-up after an extended period of inactivity from 2004 onward.
Through that time, a once-in-a-century resources boom flared, shifting resources and capital towards the iron ore and gas projects in Western Australia. Perth house prices shot up to rival Sydney’s. Indeed, Sydney and Perth prices were nearly on par in 2007.
With the end of the boom times, the traditional east-west house price divide is now being restored. Sydney is back on top as Perth struggles amid a collapse in the iron ore price this week to 10-year lows, while new investment is drying up as China’s economy slows.
So a lot of what is happening in the national property market makes sense. In some ways it’s a return to normality, and thus should be viewed as something less sinister than a monster threatening to crash the economy. Add in record low interest rates, a falling Australian dollar, and a desire of wealthy Chinese to locate families near Sydney’s better schools and colleges, and you get market pressure and rising prices in the country’s oldest city.
“Outside of Sydney, there really isn’t any house price growth,” said Adam Boyton, chief economist at Deutsche Bank Australia.
“For 10 years after 2004, Sydney house prices underperformed inflation. If you bought a house there at the last peak in 2004, you only made your money back after inflation some time last year,” he added.
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Before you spend, earn.
Before you invest, investigate.
Before you criticize, wait.
Before you pray, forgive.
Before you quit, try.
Before you retire, save.
Before you die, give.
— WILLIAM ARTHUR WARD
• A downturn in the economy that hits demand
• And a burst of speculative building that leads to oversupply