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Bank of England Governor Bailey will speak on global imbalances in ten minutes.On May 8th, Federal Reserve Governor Milan stated on Friday that he hopes current Fed Chairman Jerome Powell will only remain in his position as a governor briefly after stepping down as chairman. Milan said, "I think its important to ensure this is just a transitional phase, and not that theres some ulterior motive behind Powell remaining as a governor." Powell stated after last weeks meeting that he will continue to serve on the Feds board of governorship for a period after his chairmanship ends, with his term running until 2028. He expressed hope to observe whether the Trump administrations legal attacks on the Fed will cease. While Powells continued presence on the Feds board could provide a check on maintaining the status quo as Warsh plans to push for Fed reforms, Powell stated last week, "I dont want to be a high-profile dissident or anything like that." Milan added, "Its important to ensure this is a transitional phase, not one that creates a division of loyalty within the Fed," and to avoid "people being unsure whos really in charge." "Thats why I think that while Powell remaining could help with the transition, we still need to ensure this is just a transitional period."According to The Information, Deepseek plans to release a V4 model update in June.On May 8th, the State Councils investigation team for the "5.4" extraordinarily serious explosion accident at Hunan Changsha Liuyang Huasheng Fireworks Manufacturing and Display Co., Ltd. held its first plenary meeting. Zhang Chengzhong, head of the State Councils accident investigation team and Minister of Emergency Management, presided over the meeting, briefing the participants on the investigation arrangements and outlining work requirements. The meeting emphasized that the accident investigation work must earnestly implement the spirit of General Secretary Xi Jinpings important instructions and the decisions and deployments of the Party Central Committee and the State Council, adhering to the principles of "scientific rigor, legal compliance, seeking truth from facts, and focusing on effectiveness" and "four no-let-go" principles, to thoroughly investigate the facts, the problems, and the responsibilities, and to conduct the accident investigation work with a high sense of political responsibility. At the same time, the meeting required local governments to learn profound lessons, take decisive measures to strengthen the safety supervision of fireworks and firecrackers, draw inferences from this case to improve the investigation and rectification of hidden dangers in key industries and fields, and resolutely prevent and curb major and serious accidents.According to Hong Kong Stock Exchange documents, Jiangsu Xinde Semiconductor Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange.

The Space Station's First All-private Astronaut Crew Is Preparing to Return Home

Aria Thomas

Apr 25, 2022 10:05

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The Axiom astronauts were secured inside the capsule with the hatch to the station closed soon before 7:30 p.m. EDT (2330 GMT), according to a live NASA Webcast.


If all goes according to plan, the Dragon capsule, called Endeavour, will parachute into the Atlantic off the Florida coast on Monday at approximately 1 p.m. EDT (1700 GMT).


Due to severe weather conditions at the splashdown zone, the journey home was delayed several days, extending the Axiom crew's stay in orbit well past its original departure date early last week.


The multinational team was directed by veteran NASA astronaut and Axiom vice president for business development Michael Lopez-Alegria, 63. Larry Connor, 72, an Ohio-based technology entrepreneur and aerobatics aviator designated as mission pilot, was his second-in-command.


Eytan Stibbe, 64, an investor and former Israeli fighter pilot, and Mark Pathy, 52, a Canadian businessman and philanthropist, completed the Ax-1 crew as mission specialists.


They spent two weeks aboard the ISS with the space station's seven regular, government-paid crew members: three American astronauts, a German astronaut, and three Russian cosmonauts.


The Axiom four became the first all-commercial astronaut team to launch to the space station, bringing equipment for two dozen science experiments, biomedical research studies, and technology demonstrations to be conducted in orbit.


Axiom NASA and SpaceX have hailed the trip as a watershed moment in the expansion of privately funded space-based trade, dubbed the "low-Earth orbit economy" or "LEO economy" for short by industry insiders.


Ax-1 is SpaceX's sixth human spaceflight in nearly two years, following four NASA astronaut trips to the International Space Station and the September Inspiration 4 flight, which launched an all-civilian crew into Earth orbit for the first time, though not to the space station.


Elon Musk's private rocket business, SpaceX, has been hired to fly three further Axiom crew flights to the International Space Station over the next two years. The cost of such expeditions continues to be prohibitively expensive.


According to Mo Islam, head of research at investment firm Republic Capital, which owns investments in both Axiom and SpaceX, Axiom charges clients between $50 million and $60 million per seat.


Additionally, NASA selected Axiom in 2020 to build a new commercial addition to the space station, which has been run for more than two decades by a US-Russian-led partnership of 15 countries. The Axiom module is expected to eventually replace the ISS once the rest of the space station is decommissioned around 2030.

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