Nobel Prize for 'attosecond physicists' Agostini, L'Huillier and Krausz | Understanding "New Power" | Attempts to make supply chains "resilient" are likely to fail | Drugmakers agree to negotiate drug prices with government, White House says

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Nobel Prize for 'attosecond physicists' Agostini, L'Huillier and Krausz - BBC News

This year's Nobel Prize in Physics rewards experiments with light that capture "the shortest of moments" and opened a window on the world of electrons.

Their work demonstrated a way to create extremely short pulses of light that can be used to capture and study rapid processes inside atoms.

The Royal Swedish Academy of Sciences said the three laureates' experiments produced "pulses of light so short that they are measured in attoseconds".

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Understanding “New Power” - Harvard Business Review

Power clearly isn’t what it used to be. We see Goliaths being toppled by Davids all around us, from the networked drivers of Uber to the crowdfunded creatives of Kickstarter. But it’s difficult to understand what power actually is in this changed world, and how to gain more of it.

Two fresh voices to HBR—Jeremy Heimans, cofounder of Purpose and Avaaz, and Henry Timms, director of the 92nd Street Y in New York—offer a framework for organizations seeking to effectively use the two distinct forces of “old power” and “new power.” Old power, the authors argue, works like a currency. It is held by few and is zero-sum. Once gained, it is jealously guarded, and the powerful have a substantial store of it to spend. It is closed, inaccessible, and leader-driven.

New power operates differently, like a current. It is made by many. It is open, participatory, and peer-driven. Like water or electricity, it’s most forceful when it surges. The goal with new power is not to hoard it but to channel it.

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Attempts to make supply chains “resilient” are likely to fail - The Economist

Napoleon bonaparte did not have semiconductor supply chains in mind when he suggested that “the torment of precautions often exceeds the dangers to be avoided”. But his comment still rings true 200 years on. Governments and companies now say they want to protect themselves from disruptions, whether the vicissitudes of global markets or deliberate weaponisation by leaders like Vladimir Putin. They fear that at any moment China could try something similar, cutting the West off from crucial goods or components. In practice, however, the drive to rework supply chains will have vastly more costs than benefits.

A battery of buzzwords describes the plan. Some politicians want to “decouple” from China. Others speak of “derisking”, focusing efforts instead on the one-third of total trade deemed to be “strategic”. “China-plus-one” is a new boardroom mantra, which says that a business should supplement a Chinese supplier with a non-Chinese backup. “Friendshoring”, in some cases via “nearshoring”, can help achieve these goals.

These plans seek to rework a global trading system which, in the years before the pandemic, had focused relentlessly—and successfully—on efficiency. In Britain, the average cash price of durable goods such as televisions and tables, which are largely imported, fell by 15% from 2001 to 2016. Cheaper consumer goods raised real incomes, especially for the poor. Trade also massively expanded the variety of goods on offer.

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Drugmakers agree to negotiate drug prices with government, White House says - NBC News

A man arrested in the killing of a Baltimore tech entrepreneur was suspected of raping a woman days before and was already under surveillance, police say

Michael Gambon, the actor best known for playing Dumbledore in the 'Harry Potter' films, dies at 82

Morning Rundown: Biden impeachment inquiry's first hearing, Powerball jackpot nears $1 billion, and Kansas City's love story with Taylor Swift

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