LAKSH Career Academy

LAKSH Career Academy
Author: Hiren Dave

Tuesday, 14 October 2014

14 OCTOBER 2014: Nobel economic prize 4 French

Ø  French economist Jean Tirole won the Nobel prize for economics for research on market power and regulation that has helped policy-makers understand how to deal with industries dominated by a few dominant companies.

Ø  As five Indian scientists from “Himadri,” India’s Arctic station at Svalbard, listened in by video link, a dire climate change warning that linked varying monsoon patterns in India with Arctic ice melts was presented to President Pranab Mukherjee. Jan-Gunnar Winther, director of the Norway Polar Institute, said at the Fram maritime museum that scientists had consistently underestimated the process of climate change. Sitting alongside Norwegian King Harald V, President Mukherjee asked the five scientists about the links they had managed to establish between Arctic ice melting and monsoon pattern changes in India.

Ø  The Indian Mars Orbiter Mission (MOM) spacecraft, two weeks old in its Martian orbit, is getting primed to glimpse a unique cosmic event. A little past midnight on October 20, MOM — millions of kilometres from its earthly home — will be privy to an astronomically significant fly-past of Comet Siding Spring. MOM will duck for cover behind Mars, like the NASA missions there; and if lucky, it may capture and send snapshots of those moments to us.

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