AIG Considers Suing America for More Money

Aig suing america

news.yahoo.com

We all remember what a disaster the 2008 economic crash was. We also remember not wanting to give any of our hard earned money to the institutions that sparked the collapse- but the boys in charge decided to give our money away regardless.  This bail out money, $125 billion  to be exact, helped to keep AIG afloat and out of bankruptcy.  How do they thank us?  By suing the American people for even more money!

That’s right, AIG’s directors are currently discussing whether they will get in on a collective corporate lawsuit that will sue you and me for “short changing their stock holders.”  The company goes bankrupt, we hand them a fat stack of money we don’t really have, and they have the gall to turn around and complain that $125 billion wasn’t enough.  $125 billion! Could a corporation possibly insult us anymore than AIG has?

Sen. Elizabeth Warren (D-Mass.), who was the head of the government’s oversight panel for the$700-billion bailout fund reminds us that:

AIG’s reckless bets nearly crashed our entire economy.

According to AIG, they have a responsibility to their stockholders, and it would be in their stockholder’s best interest to go ahead with the lawsuit. AIG, What about the people who kept  you out of bankruptcy, who are subsequently the same people whose economy you turned upside down while taking over a billion dollars in bonuses after the fact.

This is like a homeless man suing a person who has just given him everything they own because he wears a shoe size smaller than the shoes he was given.

 

Sources:

http://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%932008

http://articles.latimes.com/2013/jan/08/business/la-fi-aig-lawsuit-20130109

 

Scientists Develop 3D Printer Capable of Printing Cartilage That Works!

3D printing cartilage

http://www.modulab.ro It’s not so hard printing cartilage

If you haven’t heard about 3D printing, you are in for a mind boggling surprise.  Now, researchers have taken the realm of 3D printing a whole giant leap further; they have successfully tried printing cartilage. Scientists and engineers have been developing 3D printers for a while now, with companies using them to create tools, three-dimensional diagrams, or spare parts.  There are a variety of inks used in 3D printing and human tissue is now being experimented with.

Related Article: 3D Printing for All: New, Cheap 3D Printers

The 3D printing industry is only just beginning, and it is seeing exponential growth through the two main companies that hold nearly all of the patents and profits thus far; 3D Systems Corporation, and Stratasys, Inc. These two companies are on the edge of some very exciting technological developments.

The 3D tissue printer is a mix of a traditional ink jet printer and an electrospinning machine. The printed tissue seems very promising as it was:

“tested on mice and after eight weeks it had developed the structures and properties of real cartilage, demonstrating its potential use in humans.”

In the future, researchers say clinicians could develop cartilage specific to the needs of patients. For instance, an MRI scan of the body part, such as the knee, would provide a sort of blueprint and then matching cartilage could be created. Researchers are speculating that doctors in the future will have the ability of creating tissue and printing cartilage tailored to individuals so that it will be accepted into the body quicker.

Related Article: 3D Printing: The Next Revolution in Creativity

They could use MRIs or other imaging devices to create a blue print and then head to the printer to easily print off some new tissue for their patients. Printing cartilage is just the first step in personally tailored 3D printing for medicinal purposes. The possibilities of 3D printing are endless. This technology will change the future of the world and they way that economies work. Why buy something when you can print it at home? The future looks good.

Related Article: 3D? Lets go One More! 4D!

O brave new world!

 

Sources: 

3D Printer

Youtube- National Geographic Known Universe S03E06 Print Tools

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IOP Science- Hybrid printing of mechanically and biologically improved constructs for cartilage tissue engineering applications

The Star- Scientists develop 3D tissue printer that prints cartilage