Several weeks ago, Federal Reserve Chairman Ben Bernanke rattled economists by alluding to an imminent tapering of the Fed’s quantitative easing. The almost immediate reaction was a jump in interest rates, which quickly rose from the mid-3-percent range to above 4 percent, where it has hovered ever since. Read more
On the list of the many things engineers consider when searching for employment or a new opportunity, happiness very rarely appears. They often pay close attention to the salary, title, type of projects, location,and size of company—which are all important factors—but I always wonder why happiness isn’t just as important.
Back in 2009, The New York Times proudly reported that New York City was operating “by far, the nation’s biggest fleet of hybrid buses, which run on electricity and diesel fuel, with nearly 1,000 in all five boroughs, most in Manhattan.”
In the mid-1990s, said Joseph J. Smith, senior vice president for the department of buses for the MTA New York Transit Authority to The Times in 2009, the city was looking for ways to clean up its bus fleet. After rejecting buses that ran on compressed natural gas for being way too pricey, in 1998, the transit authority bought 10 hybrid-electric buses at a cool million bucks each. Read more