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Relativity Space and its two founders – Tim and Jordan – have a plan to make rockets faster and cheaper than anyone else. To do this, they’re looking to build every part of a rocket – its engine, its fuel tanks and its body – with giant 3D printers. In this Hello World short, Bloomberg Businessweek’s Ashlee Vance goes to check out Relativity.
The President’s latest executive order could spell bad news for the tech industry that’s known for hiring overseas talents under a working visa. In fact, Google chief Sundar Pichai has just issued a memo to employees overseas, urging them to fly back to the US ASAP or risk not being able to get into the country at all. “It’s painful to see the personal cost of this executive order on our colleagues,” he wrote in the memo. According to Bloomberg, the employees in question work in the US but are abroad either on business or for a vacation. A lot of them tried to get back into the country before the President signed on the dotted line, but not everyone made it back in time.
Swiss authorities have added another security measure for this year’s World Economic Forum in Davos: anti-drone guns. Bloomberg has spotted local police preparing HP 47 Counter UAV Jammers to make sure no unmanned aerial vehicle (UAV) gets too close to the venue, whether it’s sent by a spy organization or just a nosy onlooker. That’s the same jammer the German police used in Berlin when President Obama visited the country. The publication says authorities decided to bring in an anti-drone technology, because people with malicious intent could use UAVs to monitor security positions or even to launch attacks.
The last time the Philippine peso neared 50 to the dollar, the global financial system was melting down and the central bank raised interest rates to defend it. This time, it has been driven by the president cursing his trading partners and his finance chief accepting the declines.
Credit Suisse Group AG and Rabobank Groep predict the currency will weaken past 50 per dollar next year, a level last seen in November 2008. Pioneer Investment Management Ltd. doesn’t see the peso as a long-term, strategic investment. The currency fell to a seven-year low of 48.618 in October, and was Asia’s worst performer in the third quarter, when it fell 3 percent.