Certification of the Boeing 787 Dreamliner

After much discussion and delays, U.S. and European authorities have certified the plane long-haul Boeing 787 Dreamliners. Recall that the first aircraft flight took place December 15, 2009. The latter is designed to carry between 210 and 330 passengers depending on configuration. The manufacturer has received approval from the Federal Aviation Administration in the U.S. (FAA) and European Aviation Safety Agency (EASA), the latter indicating that the device meets all the regulations in force.

The Japanese airline All Nippon Airways (ANA) for its previously announced it would take formal possession on September 25 of the first copy of the aircraft. It's about time! Since delivery will still be more than three years behind schedule, According to estimates by experts external to the builder, the project has incurred cost overruns of several billion dollars.

The construction of the Dreamliner is indeed a challenge to Boeing, the production process including making composite materials with the aim to reduce the device and reduce its fuel consumption.

However, composites do not follow the same laws as aluminum. If they have undeniable qualities, they are however not free from defects. The development of the wing and the point of attachment of the wing to the fuselage and have posed serious challenges to engineers. At present, the device has already been 827 orders. Boeing expects to produce ten copies per month by the end of 2013. United Continental Holdings, formed by the merger of Continental Airlines and United Air Lines, should receive its first Boeing 787 Dreamliner in early 2012; the assembly phase of the unit has already started in Everett, in the State of Washington.

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Hurricane Irene could also add the financial woes of the United States

Not life grand? Hurricane Irene has not yet reached the coasts of the United States that some experts argue already figures on the possible financial consequences of its passage. According to Kinetic Analysis, a firm that develops computer models of any damage that may be caused by bad weather, the weather event could cause up to twelve billion dollars in damage on the east coast of the United States if the projected path by Meteorologists official is confirmed.

If I were cynical, I could say that the situation would represent almost a "windfall" for Obama, the financial damage caused by storms may eventually merge with the negative consequences of lack of rigor of the American government on the management of public deficits. According to the national hurricane center based in Miami, Irene has to hit North Carolina Saturday and Sunday back to New York where "a very dangerous storm" could lead to rising water 3 to 4 meters.

If one believes Chuck Watson; director of research for Kinetic Analysis, this scenario would be the worst possible in current situation. It is true according to an estimate made by NASA from satellite observations; Irene has a diameter of about 820 km, equivalent to nearly a third of the total length of the U.S. east coast (2675 km).

The probability that the hurricane hit New York at the height of its intensity remains small, then context would reduce the "bill", the damage in this case could "be limited" to a range between 5 and 10 billion. The firm is nevertheless clear that a difference of 30 km of where the center of the storm will strike "can literally double the value of the damage."Kinetic Analysis shows "If it goes directly to the City of New York, even a low-intensity hurricane could easily cause one billion of losses".

ECB Purchased 14.291 € Billion Of Bonds

The European Central Bank (ECB) announced Monday it had bought for 14.291 billion Euros of government bonds of countries in the euro area from 11 to 17 August. Its previous "purchases" were $ 22 billion the previous week. The ECB also held Tuesday a tender for deposits to a week to absorb excess liquidity caused by these operations.

August 19, its purchases of government bonds totaled 110.5 billion Euros, these measures within the scope of its outstanding program reactivated in August. Even if the ECB did not want to disclose more information about the origin of the securities purchased, it seems that the Central Bank has acquired principally Spanish and Italian bonds, continuing its policy last week.

Not surprisingly, when it's soaring rates applicable to the debt of Spain and Italy leading the institution to reactivate its procurement processes of public debt, in order to try to contain the contagion of the crisis. Overall, the ECB has bought 110.5 billion euros of shares since May 2010.

Was The United States Victim of The Collapse Of Euro?

The Euro, the fall guy accused of all evil.... Including the US markets tumbled? Not avoiding any scheme - as heavy as it is - Alan Greenspan, former chairman of the U.S. central bank (Fed) said in Washington that the euro was "decaying”.... Even better than the misadventures of the European currency was explaining the current difficulties in the U.S. economy.

Not life grand? Still, many Americans could join forces with his words ... history to find a culprit. According to Greenspan, European banks are in trouble because they hold debt securities in countries such as Greece. "The reason we are so slow is the level of uncertainty" caused by this situation, he said bluntly in an analysis still a bit fast....

A few days ago, Jacques Delors, former president of the European Commission - who initiated the single market - and former Minister of the French economy has in turn criticized the policy of the leaders of the euro against the current crisis. Believing nothing less than the single currency and the European Union would be "the brink".

History to put the record straight ... Still remembers that Alan Greenspan was one of the main instigators of financial deregulation in the United States. Which is widely considered to have “contributed” to the outbreak of the crisis?

The former head of the Fed, however, still dismissed the "allegations" of economists saying that the policy of low rates led the Fed from 2003 to 2005 is largely responsible for the housing bubble, which burst caused an unprecedented crisis.