For more news visit ☛http://english.ntdtv.com Seoul, South Korea is claiming a world first with a fully-electric commercial bus route introduced in the city last month. The eco-friendly buses are running on a Seoul mountain circular route but more routes are planned.
t looks like an ordinary commuter bus but city officials in Seoul, South Korea are proclaiming it as part of a system that can found be nowhere else in the world - a commercial electric bus service.
Spokesperson Cho Yoonjin says it's a great achievement.
[Choo Yoonjin, Seoul Metropolitan Government]: "Other cities around the world have developed electric buses but most of these buses were used for purpose of the events. However, the city of Seoul has developed these electric buses for commercial operation and we believe that this is the first time in the world to have these electric buses to go into operation for commercial use."
The city has introduced five electric buses operating on three routes around Namsan Mountain in central Seoul.
The buses may look no different to their diesel driven counterparts, but they're engines are powered by clean, high-capacity lithium-ion batteries.
Their bodies are made of a strong but lightweight carbon-fibre composite, and the vehicles can travel about 80 kilometers - or fifty miles - on a single charge, a process which takes about 30 minutes.
They can also collect and reuse the energy generated by their brakes when running downhill.
Bus driver Yoo-Tae Soo says there's room for improvement, but he's enthusiastic about the idea.
[Yoo Tae-Soo, Electric Bus Driver]: "Recharging is a little bit frequent for the length of the route and the time it takes to recharge should be improved. However, this is very positive when it comes to the eco-friendly concept."
And for passengers, there's little difference in the commuting experience.
[Cho Hyun-Hee, Passenger]: "I'm still not quite familiar with the electric bus, but I don't' feel much difference compared to a regular bus in terms of feeling comfortable to ride it."
Seoul transportation officials say they plan to replace half the city's diesel-driven buses with electric versions by 2020...a gradual move away from fossil fuels with a strategy they say is sure to catch on around the world.
Dec. 31 2010 | The ongoing European debt crisis, and the austerity measures brought in to solve the issues, will see an "exodus" of countries from the monetary union, according to Jim Walker, founder and CEO of Asianomics.
The number of Americans applying for unemployment benefits fell to its lowest point in nearly two and a half years, a sign that the job market is slowly improving. (Dec. 30)
Allstate Corp. (ALL) has shed its opening bell upside and is down fractionally, after the insurance carrier said it was suing Bank of America Corp. (BAC) over mortgage-backed securities that went sour.
The suit alleges the bank's Countrywide unit knew $700 million in residential mortgage-backed securities it sold Allstate were a "toxic mix of loans given to borrowers (who) could not afford the properties and thus were highly likely to default."
BAC shares also were higher in initial trade today.
Oh wait, the US way may not be on the road to recovery after all. Pimco Chief Executive El-Erian warns the US is on its way to deflation. Remember Treasury Secretary Timothy Geithner's New York Times op-ed earlier this week, where he said the US is in a recovery, well not exactly according to several economists. Anthony Randazzo, director of economic research at the Reason Foundation says there is no real proof the stimulus busted GDP. He also discusses the problem with Ben Bernanke and why Americans still put trust in the Wall Street players.
Dec. 27 2010 | There is a risk of another recession next year and protectionism could cause major problems in 2011, Roger Nightingale, strategist at Pointon York, told CNBC Monday.
you must talk about how medical prices are TOO HIGH because of government interference.Laser eye surgery, lap-bands, breast jobs all OUTSIDE the Government sphere and EACH YEAR you can get MORE, BETTER quality service for your money...WHY? NO GOVERNMENT INTERFERENCE!
Coach, Jesus didn't approve of the rich. 23 And Jesus looked round about, and saith unto his disciples, How hardly shall they that have riches enter into the kingdom of God! 24 And the disciples were astonished at his words. But Jesus answereth again, and saith unto them, Children, how hard is it for them that trust in riches to enter into the kingdom of God! 25 It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God.
Airtime: Mon. Dec. 20 2010 | Insight on whether government unions are bankrupting America, Mark Levine, Democratic policy analyst and Jerry Bowyer, "The Free Market Capitalist's Survival Guide" author.
LLoyd Blankfein, Henry Paulson, J. Dimon, Ben Bernanke, Alan Greenspan, and a few others with the big banks and Wall Street, should respond for their actions. A sweep investigation should take place. I bet they all will be find guilty. They should go the jail where they belong.
Episode 3 - "Wall Street" Premieres Fri, November 5, 2010 at 10P Jesse goes inside the secret billionaire's boy's club to find out what caused the financial meltdown and how the group allegedly continues to manipulate and control the stock market and oil, gold and silver prices. From Wall Street to Washington, the governor barges in on the rich and powerful to demands answers. TV-PG-L