Scramjet hits Mach 10 over Australia "Aircraft flying at Mach 10 could cut travelling time between Sydney and London to as little as two hours." Innovation (failure) The news may remind us that over thirty years ago the Concorde was commissioned by Air France and British Airways. At that time, many were hoping that supersonic travel would soon become the norm.


Rate Rise Pushes Housing, Economy to `Blood Bath' "The national median home price is poised for its first annual decline since the Great Depression, and the supply of unsold homes is at a record 4.2 million, the National Association of Realtors reported." Intern(ation)al disorganisation ahead? It is impossible to foresee how many loops of organisation, i.e. economic relationships will eventually unravel due to the bursting of the "housing bubble". What seems reasonable to say from a long-term perspective is that the United States' economic potential of today can hardly compare with that of the 1950s and 60s. It looks as though the "booms" are less significant, in the sense that they do not result, in, say, higher salaries, longer holidays etc. for most ordinary people.