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Comment: Stupid, STUPID, STUPID !!!The Trump administration is planning to close a small, obscure laboratory whose work undergirds everything from microchip manufacturing to nuclear fusion.
The Atomic Spectroscopy Group at the National Institute of Standards and Technology (NIST) provides the definitive measurements of atomic spectra. Spectra are specific sets of colors emitted by different atomic elements. Those sets of colors act as atomic fingerprints that are used to characterize a wide variety of things — from the gases in far-off stars, to the blood in a person's finger.
The laboratory has been in continuous operation for more than 120 years, but in mid-April it will be forced to close, according to a letter sent by the lab's head, Yuri Ralchenko, to dozens of colleagues around the world.
"We were recently informed that unless there is a major change in the Federal Government reorganization plans, the whole Atomic Spectroscopy Group will be laid off in a few weeks," Ralchenko wrote in the letter, which was emailed on March 18 and seen by NPR. The letter was first reported by Wired. Ralchenko says in the letter that he was told "our work is not considered to be statutorily essential for the NIST mission."
But thousands of scientists and engineers disagree. A petition is now circulating to reverse the closure, and it had received close to 3,000 signatures as of Wednesday. Among the signatories is Nobel Prize-winning physicist Sheldon Glashow.
"I cannot believe that the government would be stupid enough" to slash this kind of work, Glashow said in a video statement. The overwhelming support exists because the group's spectral measurements get used in almost every field imaginable, according to Elizabeth Goldschmidt, a physicist at the University of Illinois, Urbana-Champaign. "You look at the very specific color of a star, it can tell you the makeup of the star. You look at the blood in someone's finger ... and that can tell you how much oxygen is in the blood," she says.
But to measure colors accurately, devices like telescopes and pulse oximeters must be correctly calibrated, and that's where the Atomic Spectroscopy Group comes in. The laboratory maintains a database of atomic spectra that are the standard reference used to ensure devices are functioning correctly. Every month, the database receives around 70,000 queries from around the world, according to a recent post about it on NIST's website — and it's cited in two research papers per day, according to a recent presentation by Ralchenko.
Among the researchers querying the database is Brett Morris, an astronomer at the Space Telescope Science Institute in Baltimore, Md. who works on NASA's James Webb Space Telescope. Morris is studying planets around distant stars. Sometimes he says, the light coming from those stars looks surprising. "The first thing you have to do is to figure out who's to blame — was it oxygen? Was it carbon? Was it neon?" he says. "And the resource for doing that is the database produced by the Atomic Spectroscopy Group."
In addition, the laboratory conducts precise measurements of ultraviolet atomic spectra that are critical to developing advanced microchips. Ultraviolet light is used to etch tiny circuits, and advances in the field require detailed knowledge of the atomic spectra of elements in the extreme ultraviolet. There are a handful of facilities that research ultraviolet spectra, and this group is one of them, Goldschmidt says. It also studies plasmas, which are ionized gases that enshroud nuclear fusion reactions. Researchers around the world are pursuing fusion as a clean and virtually limitless form of energy, and detailed knowledge of plasmas is essential to that development.
Neither NIST nor its parent agency, the Department of Commerce, responded to NPR's inquiries about the closure, but the savings from closing the lab would be minimal. NIST's annual budget is just $1.5 billion, less than 0.02% of the government's $7 trillion annual budget.
A silicon wafer with microchips etched into it. Microchips are etched using specific wavelengths of light. Better measurements of the wavelengths in ultraviolet light are required to advance chip manufacturing.
Within NIST, the atomic spectroscopy group is made up of seven full-time federal employees. The group's employees even pay out of pocket for coffee and sugar used in its coffee breaks and have been doing so since 1973, according to a video celebrating its anniversary last year. By contrast, if the spectroscopy group closes, the costs will be enormous, scientists say. Researchers around the world will waste hours on the internet hunting around for the best spectral measurements, says Evgeny Stambulchik, a physicist at the Weizmann Institute of Science in Israel.
What currently takes a couple of minutes might soon take "many hours, maybe many days," Stambulchik says. "Multiply that several hours by several thousands of scientists and you understand the waste of work time there would be without such a centralized database," he says.
But Goldschmidt says the real blow would be to industry. Having centralized and agreed-upon calibration and measurement standards "is what allows industries to innovate and make new products," she says. "Everyone wins when this happens at NIST because everyone can rely on what NIST does, and they don't have to invest their time and money in doing it themselves."
Sales of new Tesla cars slumped in Europe last month in the latest indication of a potential buyer backlash over Elon Musk’s high profile and controversial behaviour since becoming a leading figure in Donald Trump’s administration. The Texas-based electric carmaker sold less than 16,000 vehicles across Europe last month, down 44% on average across 25 countries in the EU, the UK, Norway and Switzerland, and Tesla’s market share fell to 9.6% last month, the lowest it has registered in February for five years. In January, its sales across Europe fell 45%, from 18,161 in 2024 to 9,945.
However, in the UK the Society of Motor Manufacturers and Traders reported an almost 21% rise in the number of new Tesla cars registered in February, with the Model 3 and Model Y proving the second and third most popular after the Mini Cooper.
Analysts have said that the volatile sales are also likely to have been affected by Tesla’s overhaul of the Model Y. A global analyst at Jato Dynamics, said: “Tesla is experiencing a period of immense change. In addition to Elon Musk’s increasingly active role in politics and the increased competition it is facing within the EV market, the brand is phasing out the existing version of the Model Y – its bestselling vehicle – before it rolls out the update. “Brands like Tesla, which have a relatively limited model lineup, are particularly vulnerable to registration declines when undertaking a model changeover.”
The article showed the sector changes over 4 years.FUNDS. Ivascyn (and Murata) of multisector giant PONAX / PIMIX are loading up on agency MBS and TIPS but reducing exposure to corporates, nonagency MBS (a Pimco specialty) and HY. Credit spreads are tight, stocks are (still) expensive, so it's focusing on credit quality. The yield-curve is almost flat. He doesn’t expect high inflation or recession and has increased Fund duration a bit. Fund is well positioned for 5-yr timeframe and has a generous distribution. It’s unclear how (or, if) the Administration will calibrate policies with economic data and market signals. (etf cousin is PYLD, riskier CEF cousins are indefinite-term PDI and limited-term PDO, PAXS.) (By @LewisBraham at MFO).
https://www.barrons.com/articles/top-bond-fund-manager-buying-now-2168a117?refsec=funds&mod=topics_funds

Comment: There is speculation that the aircraft was named the F47 because a $47 Billion dollar contract overrun is expected.Donald Trump on Friday awarded Boeing the contract to build the US air force’s most sophisticated fighter jet, handing the company a much-needed win.
The Next Generation Air Dominance (NGAD) program will replace Lockheed Martin’s F-22 Raptor with a crewed aircraft built to enter combat alongside drones. The plane’s design remains a closely held secret, but would probably include stealth, advanced sensors and cutting-edge engines.
The Seattle-based company beat out Lockheed Martin for the deal. Shares of Boeing were up 5% after the news. Lockheed’s shares fell nearly 6%. Reuters reported Boeing’s victory before the official announcement.
For Boeing, the win marks a reversal of fortune for a company that has struggled on both the commercial and defense sides of its business. It is a major boost for its St Louis, Missouri, fighter jet production business. The engineering and manufacturing development contract is worth more than $20bn. The winner will eventually receive hundreds of billions of dollars in orders over the contract’s multi-decade lifetime.
NGAD was conceived as a “family of systems” centered around a sixth-generation fighter to counter adversaries such as China and Russia.
Boeing’s commercial operations have struggled as it attempts to get its bestselling 737 Max jet production back up to full speed, while its defense operation has been weighed down by underperforming contracts for mid-air refueling tankers, drones and training jets. Cost overruns at the KC-46 mid-air refueling tanker program have surpassed $7bn in recent years, while another fixed-price contract to upgrade two Air Force One planes has created a $2bn loss for the top-five US defense contractor.
Lockheed, which was recently eliminated from the competition to build the navy’s next-generation carrier-based stealth fighter, faces an uncertain future in the high-end fighter market after the loss.
The billionaire and presidential adviser Elon Musk has voiced skepticism about the effectiveness of crewed high-end fighters, saying cheaper drones were a better option.
While Lockheed could still protest against the award to Boeing, the fact Trump announced the deal in a high-profile Oval Office press conference could reduce the possibility of a public airing of arguments against the agreement from the defense firm based in Bethesda, Maryland.
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