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Is It Money That Tops Engineering

02/12/2014 7:32 AM

Goldman, Deutsche Bank looking to get out of yellow cake. Goldman Sachs (GS) and Deutsche Bank (DB) are seeking to exit an area of operations that not that many people know they're involved in: trading supplies of raw uranium, or yellow cake. Between them, the companies have built up stockpiles of low-grade uranium larger than those held by Iran. However, with scrutiny of banks' physical-commodities trading increasing and demand low following the Fukushima disaster, the firms are looking to sell their uranium trading desks.

When it comes to achieving good engineering outcomes, is it the direction of the big banks and related financial institutions that can somewhat control the situation, working to an agenda that isn't widely known? How can good engineering, (whatever the discipline), have more influence?

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Re: Is It Money That Tops Engineering

02/12/2014 9:47 AM

I don't see how your question and the news clip are connected.

Does money top engineering in the corporate world? Always... Money, and the concern for it, always limits what can be done in an engineering area.

About the only recent example of when that was not true, that I am aware of, is the... "Manhattan Project". Which the history of is a facinating read by the way.

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Re: Is It Money That Tops Engineering

02/12/2014 1:24 PM

Control of the super-rich can only be handled by governments or societal insurrection...viewing the latter as complete system failure, we should monitor government actions closely to assure that the government continues to represent all of the people, rich and poor alike....In the long run, history has taught us that continued moderate pressure brought to bear on a situation, will yield positive results....it's called making the system work....The trading of commodities by third parties tends to mitigate risk and stabilize markets, it's a good thing...while it would be desirable to have these commodities brokers be publicly traded entities, at least imo, that's being a bit unrealistic I think...so monitoring, and in some cases limiting their involvement, as the government has done, seems like a good measure....

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