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: Lakshmi Mittal richest biz tycoon in S Africa
Johannesburg: NRI-billionaire and steel baron Lakshmi Mittal has been named as the richest business tycoon in South Africa, even as his wealth declined by nearly one-third amid the global economic downturn. With personal fortunes to the tune of 16.95 billion rand, Mittal has topped the list of 150 wealthiest businessmen in South Africa, compiled by the weekly Sunday Times. He has been included in the list because of his shareholding in ArcelorMittal SA, the steel company which was created, following the takeover of former state-owned monopoly Iscor. According to Sunday Times' Rich List, Mittal remains on top for the fifth straight year, despite the value of his stake in Arcelor Mittal SA coming down to 16.95 billion rand in 2008, as compared to 45.7 billion rand in the past year.
Women with male names do better in law
Singapore: What’s in a name? A lot if you’re seeking a legal career, with a US study finding that women with male names are more successful lawyers and judges than those with more traditional, feminine names. The study, led by economist Bentley Coffey of Clemson University in South Carolina, looked at the relationship between a person’s success in the legal profession, and their ultimately becoming a judge, and how masculine their name is. The study found by hypothesising and using a series of equations that a female Cameron is about three times more likely to become a judge than a Sue, while a female Bruce is five times more likely. Despite the fact that women made up half of the students graduating from law school in the past 15 years, the legal profession still remains a male-dominated world.
Japanese scientists create robotic arm
London: It’s no more a science fiction but a reality—a powerful robotic arm, which when attached to an operator, can now enable one to lift over 90 kgs with ease. Japanese scientists at Kyoto-based Activelink Company, a unit owned and financed by electronics giant Panasonic, have created the exo-skeleton arm which is known as the ‘Dual-Arm Power Amplification Robot’. Driven by 18 electromagnetic motors with direct force feedback, the operator can control the arm’s movements, including performing delicate manoeuvres, leading British newspaper The Daily Telegraph reported. In fact, the scientists, led by Go Shirogauchi, has been working on the project since 2003 and hope to have the device, which is made of an aluminium alloy,...
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