[Even developed, energy-efficient economies like Japan and South Korea are feeling oil's bite. Growth in Korea is likely to be at least 20% below what the Ministry of Finance and Economy was targeting at the beginning of the year, economists estimate. In Japan, $60 oil for 12 months could shave half a percent off GDP growth in an economy that had recently begun to perk up, according to Reiji Takeishi, a senior fellow at the Fujitsu Research Institute in Tokyo. The oil-price hikes so far, estimates Morgan Stanley economist Andy Xie, mean the Asia-Pacific region is spending 1.2% more of its total GDP on oil imports than it did last year.] There's no question that oil is the strongest headwind for growth now, ... This is a very delicate moment, no doubt about it. |
Ace is very reclusive. That was really one of the first tracks that I did for the album. I met Ace because a friend of mine brought him to my birthday party. We hit it off. We were just hanging out and he was really such a sweetheart. He actually offered to do it. I told him that I was going into the studio in a couple of days and he offered to play on it. How often do you get a rock icon to appear on your record? I really like that he is playing on a track that is not anything like a KISS song — it is more like a BLONDIE song. He really did a great solo that is in a really different context than people are used to. Gilby and I were recording him and when he did this solo he said, 'Let me do another one.' We both said, 'No, that is the one. You got it.' |
Our target is to deliver demonstrable evidence to our customer that in-hub electric-drive is mature enough to meet the FRES requirement and that the hybrid power architecture can be successfully integrated with an open standards electronic architecture. Further, this is an excellent opportunity for the customer to evaluate the transformational benefits of a hybrid-electric drive that offers track-like performance at wheeled vehicle costs, which has the capability to quickly balance or shift power to mission systems that may have different requirements based on mission profile. This optimizes performance for fuel efficiency, and removes traditional armored fighting-vehicle drive line constraints, which will significantly reduce the whole-life cost of ownership. |