Nobel economics prize awarded to Milgrom and Wilson for auction theory work – as it happened | Business

A Jobcentre Plus in London.

A Jobcentre Plus in London. Photograph: Yui Mok/PA

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Britain faces a surge in unemployment before Christmas, economists fear, as business struggle under lockdown restrictions and the government prepares new rules for areas where Covid-19 is the biggest threat.

The CEBR thinktank is warning this morning that at least 1.25 million more people are at risk of losing their jobs by Christmas, as it hikes its Christmas unemployment forecast.

With Covid-19 still battering the economy, more companies will be forced to lay staff off – particularly those who were furloughed since the lockdown.

As CEBR warns…


The job market outlook is negative for the coming months…

…the coming winter looks set to be a tough one.

That would push the jobless total towards three million – up from 1.4m this summer. It

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What Happened to South America’s Missing Mega-Mammals?

Millions of years before humans set foot in the Americas, a rush of alien animals began arriving in South America.

As the Isthmus of Panama came up from the waves, bridging the North and South American continents, llamas, raccoons, wolves, bears and many other species headed south. At the same time, the ancestors of armadillos, possums and porcupines headed north.

Paleontologists call the event the Great American Interchange. But they’ve long been puzzled by one aspect of it: Why did the majority of mammal immigrants go south, rather than the other way around? What happened to the southern mammals?

After a detailed analysis of fossil data from both continents, a group of researchers think they have an answer: a nasty extinction event struck South American mammals during the interchange, leaving fewer of them available to head north. Their research was published Monday in the Proceedings of the National Academy of

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What Happened to the Helicopter? | Esquire

What Happened to the Helicopter?

ARTICLE

Whirling rotors pique the imagination, but remain a dream for the average man

WILLIAM WINTER

CLONEL H. F. GREGORY, then chief of the Miscellaneous Projects Branch of the Army’s Materiel Command, was coming in for a landing at Wright Field. When he called the tower for permission to land, the operator said, “Sure, but where are you?” Whereupon, Gregory, who had been hovering directly over the tower roof in his Sikorsky R-4 helicopter, suddenly popped out of his hiding place to the astonishment of the tower operator.

Gregory’s little prank is typical of the now-you-see-it-now-youdon’t field of vertical flight. Ever since the day in May, 1940, when Igor Sikorsky, the great airplane designer and manufacturer, jammed on his upturned fedora and lifted his helicopter from the ground in its first public demonstration, the man in the street has been in a dither. Though Sikorsky

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