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Seismic base isolation, also known as base isolation, or base isolation system, is one of the most popular means of protecting a structure against earthquake forces.
In some cases, application of base isolation can raise both a structure’s seismic performance and its seismic sustainability considerably.
Isolation units are the basic elements of a base isolation system which are intended to provide the aforementioned decoupling effect to a building or non-building structure.
Isolation components are the connections between isolation units and their parts having no decoupling effect of their own.
In process of seismic retrofit, some of the most prominent U.S. monuments, e.g. Pasadena City Hall, San Francisco City Hall, Salt Lake City and County Building or LA City Hall were mounted on base isolation systems.
In ancient times the isolation was performed through the construction of multilayered cut stones(or by laying sand or gravel under the foundation) while in recent history, beside layers of gravel or sand as an isolation interface wooden logs between the ground and the foundation are used.
An adaptive base isolation system includes a tunable isolator that can adjust its properties based on the input to minimize the transferred vibration.
To many structural engineers, the conventional approach to protect buildings from the destructive forces of earthquakes is to increase the strength of the buildings so that they do not collapse during such events.
This approach is not entirely effective in terms of protection afforded to the contents and occupants as a result of the application of the forces transmitted in to the building.
Since the motion of earthquakes is vibrational in nature, the principle of vibration isolation can be utilized to protect a building is decoupled from the horizontal components of the earthquake ground motion by mounting rubber bearings between the building and its foundation.
Such a system not only provides protection to the building but to its contents and occupants as well.
Base isolation is a technique developed to prevent or minimise damage to buildings during an earthquake.
When a building is built away from the ground resting on flexible bearings or pads known as base isolators.
The building site will also be an important consideration when looking at base isolator.
Lead. There is a lot of mass in a building, and after a strong earthquake, a building could continue to sway back and forth on the isolators.
Another method for controlling seismic damage in buildings is the installation of seismic dampers.
Mec.hanical engineer Associate Professor Geoff Rodgers from the University of Canterbury won the Kiwinet 2017 Emerging Innovator Award for work that included developing a simplified seismic damper for buildings.
By adding a damper into the structure with base isolators, seismic energy can be further absorbed as the building moves, which will help to limit the amount a building sways, helping to better protect the building from damage and to reduce the inconvenience to occupants and damage to contents.
Base isolation is a state-of-the-art method in which the structure is separated from the base by introducing a suspension system between the base and the main structure.
In context of seismic design of structures, base isolation can be replaced with seismic isolation i.e., the structure above the ground, which is most affected during earthquake is separated from the effects of earthquake forces by introducing a mechanism that will help the structure to hover.
The basic principle behind base isolation is that the response of the structure or a building is modified such that the ground below is capable of moving without transmitting minimal or no motion to the structure above.
Displacement occurs at CG of the structures for fixed base structures, which will be approx.
Two-third height for buildings and at isolation plane for base isolated structures with lesser displacement within the structure.
The response of a base isolated structure and a structure without base isolation can be illustrated as shown in the figure below.
Advantages of Base isolation?Reduced the seismic demand of structure, thereby reducing the cost of structure.
Base isolation is a method for moderating the effects of earthquakes on buildings.
The accompanying slide show looks at the ten largest base-isolated buildings in the world, measured by total floor area.
“Modern buildings have performed well in recent earthquakes, although we have not yet experienced a code-level earthquake in a densely populated area in 23 years. I believe that many building owners have an expectation of operational performance, when typical code buildings are designed only to protect life-safety.”
In comparison, “Using base isolation, all of the building deformation is concentrated at the isolation plane, limiting damage up the height of the building. The magnitude of the displacement can be predicted with more certainty than the individual deformations among hundreds or thousands of individual components of a lateral system.”
The USRC rating system rates buildings from one to five stars for each of three criteria: safety, damage and recovery.
“While many lateral systems can provide high ratings for safety, base-isolated buildings provide the greatest opportunity to achieve high ratings for damage and recovery,” says Wray.
“The structural engineering community in the past has done a poor job of communicating what a code-designed building delivers, as attested by the performance of modern buildings in the 2011 Christchurch New Zealand earthquake, where more than 50% of the modern buildings in the central business district delivered life-safety performance but had to be demolished after the earthquake,” adds Mayes.
Related Articles – Summarized
Inflation hedge is an investment that is made for the purpose of protecting the investor against decreased purchasing power of money due to the rising prices of Products and Services.
The ideal investments for hedging against inflation include those that maintain their value during inflation or that increase in value over a specified period of time.
Traditionally, investments such as gold and real estate are preferred as a good hedge against inflation.
SummaryInflation hedge refers to investments that protect investors from the declining purchasing power of money due to inflation.
Is considered a good inflation hedge because the rental income and the market value of real estate properties tend to maintain or increase during inflationary periods.
Stocks hedge against inflation in two main ways, i.e., stocks pay a dividend, and they grow over time.
Thank you for reading CFI’s guide on Inflation Hedge.
An inflation hedge is an investment that is considered to protect the decreased purchasing power of a currency that results from the loss of its value due to rising prices either macro-economically or due to inflation.
Inflation hedging can help protect the value of an investment.
If you invest in a stock that gives a 5% return, but inflation is 6%, you are losing that 1%. Assets that are considered an inflation hedge could be self-fulfilling; investors flock to them, which keeps their values high even though the intrinsic value may be much lower.
Companies sometimes engage in inflation hedging to keep their operating costs low.
Inflation hedging has its limits and at times can be volatile.
Delta has not consistently made money from its refinery in the years since it was purchased, limiting the effectiveness of its inflation hedge.
The arguments for and against investing in commodities as an inflation hedge are usually centered around variables such as global population growth, technological innovation, production spikes and outages, emerging market political turmoil, Chinese economic growth, and global infrastructure spending.
Here we’ll look at what inflation is, why it occurs, how it’s measured, and the best assets to hedge against it with their corresponding ETFs for 2022.
Average annual inflation in the United States is about 2%. This is why it’s usually advisable to not hold a significant allocation to uninvested cash, as it’s likely simply “Losing to inflation.” This is especially true recently, as inflation has been much higher around 7%:. Inflation is illustrated in the stories your parents tell of being able to go the movies and get popcorn and a drink for 25 cents 40-50 years ago, whereas it’s about 100x that today.
Built-In Inflation: Built-in inflation simply describes the fact that people expect inflation to continue to gradually rise, so firms continually raise prices to keep pace.
As opposed to assets priced in the inflated currency, inflation eats away at the value of assets denominated in the inflated currency, such as cash and nominal bonds.
Hungary – 1945-1946 – Hungary at one point saw daily inflation of 207% after the government tried to use inflation to restore the economy after World War II.Zimbabwe – 2007-2008 – full-blown hyperinflation at a daily rate of 98% that followed many years of high inflation around 40% annually as a result of reckless government spending.
Just as one might buy put options as a direct hedge for a bullish stocks position as somewhat of a short-term insurance policy if the investor fears an impending crash in the short-term, an ideal inflation hedge would increase in value to a greater degree than the CPI itself precisely when called upon, acting as an insurance policy against rapid rising inflation.
It’s perfectly suitable and even desirable for retirees, risk-averse investors, and those with a short time horizon to have some allocation to inflation-protected assets like TIPS. While it may go against what you’ve heard, commodities and gold may not be great assets to save your portfolio from runaway inflation in the future, and are almost certainly suboptimal investments over the long term.
There are many ways for investors to hedge, or protect, against inflation, including some investments designed specifically for hedging against inflation.
Hedging against inflation means taking steps to protect the value of an investment from the effects of inflation.
If you have an asset that increases in value by 3% each year, but inflation is 4%, the real return of that asset is actually -1%. Typically, the Federal Reserve targets a long-term average inflation rate of 2%, but there have been periods in the past where inflation surpassed 17% per year.
These are some of the investments investors use to hedge against inflation.
TIPS Treasury Inflation-Protected Securities, or TIPS, are a type of U.S. government bond explicitly designed to help investors hedge against inflation.
Why is real estate a hedge against inflation? For people who own their own homes, real estate helps to hedge against increasing rents.
Which U.S. savings bond is most likely to provide a hedge against inflation? Treasury Inflation-Protected Securities are the most likely savings bonds to serve as a hedge against inflation.
The stock market is a wonderful hedge against inflation for a few reasons.
Value stocks tend to perform better than growth stocks when inflation rears its ugly head. Precious metals & mining stocks have a history of low returns with enormous volatility.
Then there is gold but gold may not be the inflation hedge you think it is.
It’s possible the massive repricing of gold that occurred in the 1970s when Nixon ended the convertibility of dollars into gold made people believe gold was an inflation hedge.
So stocks are still your best bet for beating inflation over the long-term and TIPS can help with unexpected inflation but there is another asset many people overlook in terms of hedging out inflation in the short-run – cash and short duration fixed income.
It’s counterintuitive to think cash would be a good hedge against inflation since short-duration fixed income is a terrible hedge against inflation over the long-term.
Stocks can help protect you against long-term inflation while cash can allow you to use any short-term inflationary spikes to redeploy faster at higher rates.
The solution is investing for inflation – choosing investments that will give you a return greater than the current rate of inflation – or at least keep up with it.
Here’s how investors can protect themselves from rising prices, and which investments make the best inflation hedge.
Currently, the US Federal Reserve targets an average annual inflation rate of 2%. In the news: The CPI rose 4.2% year-over-year in April 2020, marking the strongest inflation since September 2008.
Real assets: Inflation devalues nominal assets, like CDs and traditional bonds, because they’re priced based on the fixed interest they pay, which will lose value when inflation is increasing.
Certain specific investments do well when inflation is climbing.
Most bonds are not good choices to hedge against inflation.
What are commodities? Tangible, everyday goods you can invest in, to hedge against inflation or sinking stock prices.
While gold has traditionally been viewed as a powerful hedge against inflation, Russ Koesterich of BlackRock says investors may want to lower their exposure to gold and look elsewhere, including silver and cyclical equities, when hedging against inflation.
That’s not to say that gold hasn’t been an effective inflation hedge in the past.
“For most of the year gold has exhibited virtually no correlation with daily or weekly moves in long-term inflation expectations.”
Since the 1980s, there has only been one time when gold has posted strong returns amid surging inflation: a short period between 2007 and 2008 during the World Financial Crisis, according to the World Gold Council.
So if gold isn’t recommended as a primary inflation hedge, how can you protect your portfolio’s purchasing power? Some point to Bitcoin and other cryptocurrencies.
“While gold has not kept up with rising inflation expectations, many cyclical industries – including energy, materials and select consumer names – have.”
A financial advisor can help you guard against inflation by purchasing Treasury inflation-protected securities and other assets to weather economic uncertainty.
Related Articles – Summarized
Brinelling is permanent plastic deformation of a surface, and usually occurs while two surfaces in contact are stationary and the material yield strength has been exceeded.
Brinelling is a material surface failure caused by Hertz contact stress that exceeds the material limit.
Brinelling can be caused by a heavy load resting on a stationary bearing for an extended length of time.
Brinelling occurs in casters when the ball bearings within the swivel head produce grooves in the hard cap, thus degrading performance by increasing the required swivel force.
Brinelling often occurs when pressing bearings into holes or onto shafts.
If pressing force is applied to the wrong race, brinelling can occur to either or both of the races.
False brinelling occurs in two types: stationary and by precession.
Bearing failure comes in many forms, such as corrosion, smearing and brinelling.
Bearing brinelling occurs when the internal raceways of a bearing have been permanently damaged.
Brinelling of bearings comes in two types, true brinelling and false brinelling.
The signs of this type of brinelling are regularly-spaced indentations in the bearing raceway and rolling elements, and an increase in vibration.
False brinelling is caused by vibrations acting on the bearing while in a non-rotating state and may occur on new equipment which has been carelessly transported.
Brinelling is typically caused by a heavy load resting on a stationary bearing for an extended length of time.
The best way to prevent bearing true brinelling is to avoid unnecessary shock or high impact loads, and isolate the bearings from any external vibration.
True brinelling indicates that the load on the bearing is greater than the elastic limit of the ring or bearing material.
False brinelling looks similar to true brinelling, but occurs through vibration, not necessarily excessive load. In transportation, vibration can cause rollering elements to move, leaving indentations along the raceways, which looks similar to the damage from excessive load. The application of a light thrust load from springs or rubber pads before a bearing is transported can prevent such damage.
To prevent true brinelling during mounting, apply slow and even pressure to the right part of the bearing.
To prevent true brinelling that occurs as a result of excess load, specify a bearing with enough capacity to handle the desired load. To prevent false brinelling, conduct regular maintenance checks and ensure sufficient lubrication.
A third cause of brinell marks occurs when foreign particles manage to make it into the bearings.
These particles do not need much mass or hardness to damage the bearings because during operation, the rolling elements distribute them throughout the raceways.
Most bearing manufacturers offer information on brinelling as well – including its causes and prevention: Garlock Bearings www.
Brinelling is a material surface failure caused by Hertz contact stress that exceeds the material limit.
Brinelling can be caused by a heavy load resting on a stationary bearing for an extended length of time.
False brinelling is a bearing damage caused by fretting, with or without corrosion, that causes imprints that look similar to brinelling, but are caused by a different mechanism.
False brinelling may occur in bearings which act under small oscillations or vibrations.
What is it called when the bearing or race has indentations from shock loads? The definition of brinelling is the permanent indentation of a hard surface.
Bearing brinelling occurs when the internal raceways of a bearing have been permanently damaged.
A type of frictional corrosion, fretting is caused by microscopic oscillating motions between the bearing surfaces.
When a rolling bearing is damaged during machine operation, the entire machine or equipment can seize or malfunction.
Among the different types of Fretting, false brinelling is the occurrence of hollow spots that resemble brinell dents and are due to Wear caused by vibration and swaying at the contact points between the rolling elements and raceway.
Possible CausesOscillation and vibration of a stationary bearing during such times as transporting.
Cause: Vibration from an external source while stationary.
Part: Outer ring of damage “False Brinelling 1″Symptom: False brinelling on the raceway.
Symptom: False brinelling of raceway surface at ball pitch.
Cause: Repeated vibration with a small oscillating angle.
First we need to review what these terms mean: Brinell Mark is the mark left in metal which is created by another piece of metal Brinell Hardness is a scale designed to define the hardness of a material.
Pic 1: Concept of Brinell Hardness Brinelling is the term that refers to the indentation caused by impact or contact with a hard object.
So then what is True Brinelling? True brinelling is a dent or brinell mark caused by contact stress that is above the allowable material limit.
So then what is False Brinelling? False brinelling is damage that is caused by fretting that may or may not include corrosion, and looks very similar to True Brinelling.
Fretting is wear damage that is caused by metal to metal contact, under load and experiencing repetitive surface motion Under high magnification a false brinelling mark appears like small scratches.
The most famous examples of false brinelling were the shipment of automobiles in the 30’s. The vibration caused by the train cars passing over the track joints caused false brinelling of the wheel bearings.
Ture Brinelling is caused by exceeding material load limits and False Brinelling is micro scratches caused repetitive motion ..
Better bearing performance Anti false brinelling grease for hub bearing units During vehicle transportation, due to absence of lubrication in ball raceway contact caused by standstill loads, wear phenomena might occur.
The consequence of this is an unexpected noise and vibration that may appear at vehicle level.
SKF offers a solution that helps our customer to reduce the false brinelling damage by around 50%, while reducing friction and extending bearing life.
Features Benefits Grease development tailored to HBU application needs Optimized ratio between friction, anti-wear and anti-false brinelling performances Fully compatibility with bearing component material Consistent improvement of bearing robustness against false brinelling damage Lower bearing friction in comparison with the standard GHG grease Improved false brinelling resistance maintaining the same general bearing performances Applicable for new platforms and as retroit A third generation hub bearing unit in which it is possible to apply the anti false brinelling grease.
The anti false brinelling grease for hub bearing units.
Every care has been taken to ensure the accuracy of the information contained in this publication but no liability can be accepted for any loss or damage whether direct, indirect or consequential arising out of the use of the information contained herein.
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Where is the serial port on a computer? The serial port is found on the back of the computer and is part of the motherboard.
Many new computers and laptops no longer have a serial port.
Identifying a serial port In the above graphic of a serial port, you can notice the DB9 serial port connection is easy to identify.
What is the serial port used for? Below is a listing of various hardware components that can be purchased and used with your serial port.
Serial port pin information Below is a listing of each of the pins on the DB9 connector, their purpose, and signal name.
With many computers, the serial port is labeled as “10101” which are ones and zeros to represent binary.
Most of today’s computers are eliminating the serial port in favor of USB ports.
For most devices, the Ports device setup class and the Serial function driver provide the functionality required to operate serial ports and COM ports.
If you do a custom installation of a COM port, you must comply with the COM port requirements that are defined in Configuration of COM Ports.
In computing, a serial port is a serial communication interface through which information transfers in or out sequentially one bit at a time.
While interfaces such as Ethernet, FireWire, and USB also send data as a serial stream, the term serial port usually denotes hardware compliant with RS-232 or a related standard, such as RS-485 or RS-422.
Server computers may use a serial port as a control console for diagnostics, while networking hardware commonly use serial console ports for configuration, diagnostics, and emergency maintenance access.
To interface with these and other devices, USB-to-serial converters can quickly and easily add a serial port to a modern PC. Modern devices use an integrated circuit called a UART to implement a serial port.
This list includes some of the more common devices that are connected to the serial port on a PC. Some of these such as modems and serial mice are falling into disuse while others are readily available.
Since the control signals for a serial port can be driven by any digital signal, some applications used the control lines of a serial port to monitor external devices, without exchanging serial data.
At least some Morse code training software used a code key connected to the serial port to simulate actual code use; the status bits of the serial port could be sampled very rapidly and at predictable times, making it possible for the software to decipher Morse code.
All computer operating systems in use today support serial ports, because serial ports have been around for decades.
Parallel ports are a more recent invention and are much faster than serial ports.
USB ports are only a few years old, and will likely replace both serial and parallel ports completely over the next several years.
Serial ports lower cable costs and make cables smaller.
Serial ports rely on a special controller chip, the Universal Asynchronous Receiver/Transmitter, to function properly.
The UART chip takes the parallel output of the computer’s system bus and transforms it into serial form for transmission through the serial port.
While most standard serial ports have a maximum transfer rate of 115 Kbps, high speed serial ports, such as Enhanced Serial Port and Super Enhanced Serial Port, can reach data transfer rates of 460 Kbps..
In order to test whether the problem in your serial network is fixed, you can reproduce the communication between a COM port and a serial app or device.
Serial Port Monitor will help you resend the exact same data to the required COM port so that you can review the reaction of your serial software or device.
Specify a serial port that will be used in the reproduced communication.
Enable this option if you want to send data to a serial port on behalf of a serial app.
Enable this option if you want to send data to a serial port on behalf of a serial device.
Search options, four convenient viewing modes, support for all types of serial interfaces.
Serial Port Tester is a stable utility that works equally well with all versions of Windows OS, including Windows 10.
Copyright infringements can be punishable by up to five years in prison and $250,000 in fines.
Repeat offenders can be imprisoned for up to 10 years.
Violators can also be held civilly liable for actual damages, lost profits, or statutory damages up to $150,000 per work.
Conversely, when you buy a fully authorized version of Serial Port Monitor you get complete access to product updates which include bug fixes and regular upgrades to your software product.
You also can take advantage of customer support if the need arises.
Electronic Team, Inc. guarantees that all of their software applications have passed a quality control test ensuring that they are stable and free of any malware.
If you have inadvertently downloaded and are using a pirated copy of the Serial Port Monitor, you can apply for a discount on the purchase price of a fully licensed version.
When you attach COM-based devices, like scales, meters, barcode scanners, etc.
To an RS232 port of your computer, FREE Serial Port Monitor lets you connect to this port and collect data it receives from the serial equipment.
With FREE Serial Port Monitor, it’s simple to see and learn how serial ports work!
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The Swiss National Bank is the central bank of Switzerland, responsible for the nation’s monetary policy and the sole issuer of Swiss franc banknotes.
The Federal Council devalued the Swiss Franc during 1936, and as a result there was made available to the National Bank an amount of money, which the bank subsequently stored in a Währungsausgleichsfonds reserve for use in future situations of emergency.
The Swiss National Bank acts as banker to the Swiss Confederation.
The National Bank compiles statistical data on banks and financial markets, the balance of payments, the international investment position and the Swiss financial accounts.
The Bank Council oversees and controls the conduct of business by the Swiss National Bank and consists of 11 members.
The Swiss National Bank provided 1.2 billion CHF to the Reichsbank, of this, a value of approximately 780 million CHF of the gold given to the National Bank was gold which had been looted by the forces of Germany.
There is controversy over the role of the Swiss National Bank in the transfer of Nazi gold during World War II. The SNB was the largest gold distribution centre in continental Europe before the war.
The Swiss National Bank is quite famous, even abroad, but what does it really do? It is because of it that we do not have any interest rate in our bank accounts?
The Swiss National Bank is the central bank of Switzerland.
Tools of the SNB. To enforce its monetary policies, the Swiss National bank has several tools.
Banks are forced to deposit large amounts of money into the Swiss National Bank.
Currently, this interest rate is negative, at -0.75%. This means that Swiss banks are paying the Swiss National Bank to keep their money in its safes.
If you are interested in the Swiss Economy and the Swiss banks, it is interesting to learn about the role of the Swiss National Bank.
Compared to the other central banks, the Swiss National Bank is quite unique.
The term Swiss National Bank refers to the central bank of Switzerland.
The central bank acts as an independent body, taking charge of the country’s monetary policy and ensuring national price stability.
As noted above, the Swiss National Bank is the central bank of Switzerland.
The bank has six other representative offices, which are located in Basel, Geneva, Lausanne, Lugano, Lucerne, and St. Gallen.
The bank council is responsible for overseeing and controlling the SNB’s business activities.
Banks are required to meet reserve requirements but under this kind of system, only a fraction of bank deposits are guaranteed by the central bank.
Others feared the passage would place too much power in the hands of the central bank.
Swiss National Bank holdings changes, total fund size, and other information presented on HoldingsChannel.com was derived from Swiss National Bank 13F filings.
As of 12/31/2021, below is a summary of the Swiss National Bank top holdings by largest position size, as per the latest 13f filing made by Swiss National Bank.
In the Swiss National Bank-top-holdings-table below, each of the top holdings by name is presented in the first column, followed by the amount of shares held by Swiss National Bank in that top holding, then the share count change between reporting periods, and finally the Swiss National Bank top holding position size for that row.
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Maechler studierte nach ihrer Schulzeit in der Westschweiz an der Universität Toronto, am Institut de hautes études internationales in Genf, am Institut de hautes études en administration publique in Lausanne und an der University of California, Santa Cruz, wo sie 2000 in internationaler Wirtschaft promovierte.
Zu ihren beruflichen Stationen zählen die Organisation für wirtschaftliche Zusammenarbeit, die Konferenz der Vereinten Nationen für Handel und Entwicklung und die Welthandelsorganisation.
Im Europäischen Ausschuss für Systemrisiken in Frankfurt war Maechler von 2013 bis 2014 stellvertretende Sekretariatsleiterin.
Zu den Aufgaben dieses Bereichs gehören die Beobachtung der Kapitalmärkte sowie die Einschätzung der Systemrisiken.
Dezember 2014 vom Bundesrat als erste Frau ins Direktorium der Schweizerischen Nationalbank gewählt.
Dieses Ressort der SNB umfasst die Finanzmärkte und den Devisenhandel, das operative Bankgeschäft sowie die Informatik.
Réa Maechler ist verheiratet und Mutter von zwei Kindern.
On behalf of my colleague Thomas Moser and myself, I would like to welcome you warmly to the Swiss National Bank’s first-ever virtual Money Market Event.
The coronavirus crisis has turned the lives of billions of people upside down.
The coronavirus crisis generated significant turbulence in financial markets when it surfaced in February and March.
Bolstered by these programmes and the eventual relaxation of public health policy restrictions, financial markets continued their recovery until late summer, and economic activity also picked up considerably.
Developments in recent days and weeks have made it clear that the coronavirus crisis is not over and that uncertainty remains high.
In Switzerland, the SNB has repeatedly reaffirmed its expansionary monetary policy.
It has made an important contribution in terms of immediate crisis management.
In 1997, Thomas J. Jordan joined the Swiss National Bank in Zurich as an Economic Advisor in Department I. Two years later, he was appointed Assistant Director of the Economic Studies unit, and in 2002 he became Head of the Research unit.
With effect from mid-2004, the Swiss Federal Council appointed him an Alternate Member of the Governing Board.
In this function, he headed the Financial Markets unit in Department III. Effective May 2007, he was appointed Member of the Governing Board by the Federal Council.
At the same time, he became Head of Department III. With effect from the beginning of 2010, the Federal Council appointed him Vice-Chairman of the Governing Board and he took over management of Department II in Berne.
On 18 April 2012, Thomas J. Jordan was appointed Chairman of the Governing Board by the Federal Council and thereby also Head of Department I in Zurich.
Thomas J. Jordan is a member of the Board of Directors of the Bank for International Settlements in Basle and the Steering Committee of the Financial Stability Board.
Thomas J. Jordan is a member of the Advisory Board of the Department of Economics at the University of Zurich as well as a member of the Board of Trustees of the ETH Zurich Foundation.
“Most central banks’ outlooks are based on the hypothesis that the large economies will not need to revert to strong containment measures,” she said.
The second question facing central banks as they try to determine the timing and pace of any policy tightening is whether inflation is permanent or transitory.
“The expectation is that disinflation dynamics should bring inflation rates back to around 2%, more or less. This is good news. But why is it so complex? If we do not believe it is temporary, central banks should really tighten monetary policy,” she said.
Switzerland has been shielded from a big jump in inflation so far, partly because the strong Swiss franc makes imports cheaper and secondly because it hasn’t experienced the same wage pressure as in the US, where a strong increase in average hourly earnings have pushed up prices, said Maechler.
Because inflation is much higher in the rest of the world, Swiss exporters have had more room to absorb a stronger franc, said Maechler.
Maechler said the strong franc was something the SNB continued to follow very closely and remained ready to intervene in foreign exchange markets.
Concluding, Maechler said the SNB expects medium-term inflationary pressures to remain subdued in Switzerland.
Related Articles – Summarized
Currency InformationPopular Swiss Franc Currency PairingsPowering commercial grade rates at 300+ companies worldwide.
Learn moreCheck live rates, send money securely, set rate alerts, receive notifications and more.
The Swiss franc was introduced at par with the French franc, at 4.5 g fine silver or 9.⁄31.
Grams fine silver, and then to Swiss francs at the rate of 7 écu brabant = 40 Swiss francs.
The first franc worth 1.⁄4.th the French écu was converted at 1.4597 Swiss francs.
Franc, 1 franc, 2 franc and 5 franc in.900 fine silver.
When the fifth series lost its validity at the end of April 2000, the banknotes that had not been exchanged represented a total value of 244.3 million Swiss francs; in accordance with Swiss law, this amount was transferred to the Swiss Fund for Emergency Losses in the Case of Non-insurable Natural Disasters.
The Swiss franc is the only version of the franc still issued in Europe.
Value of Swiss coins and banknotes in circulation as of March 2010 Coins 10 francs 20 francs 50 francs 100 francs 200 francs 500 francs 1000 francs Total 2,695.4 656.7 1,416.7 1,963.0 8,337.4 6,828.0 129.9 27,637.
The Swiss franc refers to Switzerland’s national currency and is represented by ISO code CHF. It was formally recognized as Switzerland’s currency in May 1850, replacing many currencies provided by its numerous member states.
SummaryThe Swiss franc refers to the national currency of Switzerland and is represented by ISO code CHF.The country’s zero-inflation policy, combined with its political independence, makes CHF an extremely powerful and stable currency.
Until 1798, about 75 organizations minted coins in Switzerland, leading to 860 distinct types of currency in circulation of different denominations, weights, and monetary structures.
The franc stayed in circulation until the Helvetic Republic ended in 1803 but remained a base for the currencies of several member states of the Reformed Swiss Confederation.
The first federal monetary law enacted on May 7, 1850 by the Federal Assembly defined the franc as a monetary unit in Switzerland.
The Swiss Central Bank’s longstanding zero-inflation policy and Switzerland’s political independence make CHF an extremely powerful and stable currency.
The Swiss National Bank initiated an active policy in September 2011 related to the interference in the currency markets together with a reduction in interest rates to lower the value of CHF against the euro.
The Swiss franc is the only official currency in Switzerland.
So your can convert your home currency to Swiss francs for a low fee.
Deposit money into your account, in your home currency.
The card can be used online too, wherever the merchant asks for a debit card or credit card.
Once you return home, convert your remaining Swiss francs balance back to your home currency.
The symbol for the Swiss franc is “CHF”. The official currency code is “CHF” as well.
The Swiss franc is a strong currency, so Switzerland is not cheap for visitors from many other countries.
The Swiss franc is the national currency of Switzerland.
The Swiss franc increased in value substantially after 2000 against both the U.S. dollar and the euro, which is used in the European Union.
The European debt crisis caused investors to seek safe haven in the Swiss franc and loose monetary policy diminished the appeal of the US dollar.
Economic strength in the United States and expectations that the Federal Reserve could hike interest rates in 2015 caused the euro and the Swiss franc to weaken substantially against the U.S. dollar.
What Is the Swiss Currency? The Swiss currency is called the franc.
Is the Swiss Franc Stronger Than the U.S. Dollar? The Swiss franc is stronger than the U.S. dollar.
Generally speaking, the franc is often considered a stable currency because of how the Swiss National Bank regulates and controls the value of the franc.
The Swiss franc was at 0.92 per USD, pulling away from an over three-week low of 0.926 hit on February 25th, as investors rushed to the safety following Russia’s invasion in Ukraine, while Switzerland joined other EU states to match their harsher sanctions against key individuals and large financial institutions.
At the same time, demand for the franc’s haven stability lifted the currency to a seven-year high against the euro.
On the monetary policy front, the Swiss National Bank remains committed to its ultra-loose monetary policy, as the latest labor data indicated that unemployment did not increase despite the Covid infection wave in January, while consumer inflation remains considerably below that of its main trading partners.
Historically, the Swiss Franc reached an all time high of 4.32 in January of 1971.
Swiss Franc – data, forecasts, historical chart – was last updated on March of 2022.
The Swiss Franc is expected to trade at 0.93 by the end of this quarter, according to Trading Economics global macro models and analysts expectations.
Looking forward, we estimate it to trade at 0.95 in 12 months time.
During the 2011 European sovereign debt crisis, there was such high demand for francs that the Swiss National Bank was forced to peg its currency to the euro at a rate of 1.20 euros per franc.
Many institutional investors and governments are fond of using Swiss francs for this purpose; on the other hand, retail investors are often more focused on other assets.
Some people are hesitant to invest in Swiss francs.
Those looking to invest in Swiss francs can do so easily with exchange-traded funds that trade on U.S. stock exchanges.
The most popular ETF for Swiss francs is the Invesco CurrencyShares Swiss Franc Trust.
There are a few advantages of an ETF rather than buying Swiss francs on the spot forex market.
In the forex market, one of the most popular Swiss currency pair is USD/CHF. Traders that are bullish on Swiss currency will sell or short this pair-effectively reversing the order and using U.S. dollars to buy Swiss francs.
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The Financial Action Task Force on Money Laundering, an intergovernmental body set up to combat money laundering, stated, “Due to the illegal nature of the transactions, precise statistics are not available and it is therefore impossible to produce a definitive estimate of the amount of money that is globally laundered every year. The FATF therefore does not publish any figures in this regard.” Academic commentators have likewise been unable to estimate the volume of money with any degree of assurance.
Because of the intrinsic uncertainties of the amount of money laundered, changes in the amount of money laundered, and the cost of anti-money laundering systems, it is almost impossible to tell which anti-money laundering systems work and which are more or less cost effective.
Formed in 1989 by the G7 countries, the Financial Action Task Force on Money Laundering is an intergovernmental body whose purpose is to develop and promote an international response to combat money laundering.
The Fifth Money Laundering Directive comes into force on 10 January 2020, addressing a number of weaknesses in the European Union’s AML/CFT regime that came to light after the enactment of the Fourth Money Laundering Directive AMLD IV).
Money laundering is broadly defined in the UK. In effect any handling or involvement with any proceeds of any crime can be a money laundering offence.
A money laundering offence under UK legislation need not even involve money, since the money laundering legislation covers assets of any description.
Secondary regulation is provided by the Money Laundering Regulations 2003, which were replaced by the Money Laundering Regulations 2007.
With few exceptions, criminals are motivated by one thing-profit.
Greed drives the criminal, and the end result is that illegally-gained money must be introduced into the nation’s legitimate financial systems.
Money laundering involves disguising financial assets so they can be used without detection of the illegal activity that produced them.
Through money laundering, the criminal transforms the monetary proceeds derived from criminal activity into funds with an apparently legal source.
For one thing, money laundering provides the fuel for drug dealers, terrorists, arms dealers, and other criminals to operate and expand their criminal enterprises.
We know that criminals manipulate financial systems in the United States and abroad to further a wide range of illicit activities.
Money laundering can erode the integrity of our nation’s financial institutions.
SummaryMoney laundering is the illegal process of converting money earned from illegal activities into “Clean” money – that is, money that can be freely used in legitimate business operations and does not have to be concealed from the authorities.
Money laundering operations deal with trillions of dollars worldwide each year; therefore, money laundering activities exert a substantial impact on major national economies.
To deal with the problem of having millions of dollars in cash obtained from illegal activities, criminal enterprises create ways of “Laundering” the money to obscure the illegal nature of how it is obtained.
In short, money laundering aims to disguise money made illegally by working it into a legitimate financial system, such as a Top Banks in the USAAccording to the US Federal Deposit Insurance Corporation, there were 6,799 FDIC-insured commercial banks in the USA as of February 2014.
The financial markets offer criminals a variety of avenues for converting “Dirty” money to “Clean” money.
After taking a portion of the money as his fee for services, the foreign investor invests the rest of the money into a legitimate domestic business owned by the criminal organization, which is often a shell company.
Once the money has been deposited with the shell company, the criminals can access it by having the shell company invest in another business the criminals own, perhaps by making a loan of the money to the other company.
DUBAI, United Arab Emirates – A global body focused on fighting money laundering has placed the United Arab Emirates on its so-called “Gray list” over concerns that the global trade hub isn’t doing enough to stop criminals and militants from hiding wealth there.
The decision late Friday night by the Paris-based Financial Action Task Force puts the UAE, home to Dubai and oil-rich Abu Dhabi, on a list of 23 countries including fellow Mideast nations Jordan, Syria and Yemen.
While praising the UAE’s “Significant progress,” the body known as FATF said more needed to be done.
Already, the UAE has established a corporate registry and signed extradition agreements with other nations.
The UAE long has been known as a place where bags of cash, diamonds, gold and other valuables can be moved into and through.
Emirati officials on Twitter and its state-run WAM news agency rushed to reassure investors that the UAE remained a safe, regulated place to do business and would address the international concerns.
“The UAE will continue its ongoing efforts to identify, disrupt and punish criminals and illicit financial networks in line with FATF’s findings and the UAE’s National Action Plan, as well as through close coordination with our international partners,” the Emirates’ Executive Office of Anti-Money Laundering and Countering the Financing of Terrorism said.
An intergovernmental organization dedicated to combating money laundering and illicit cash flows on Friday placed the United Arab Emirates on its “Gray list” over concerns that the Gulf country isn’t sufficiently stemming illegal financial activities.
The UAE was one of several countries listed by The Financial Action Task Force as being under increased monitoring due to “Strategic deficiencies” in their efforts to counter money-laundering.
“Jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing, and proliferation financing,” the organization said.
“When the FATF places a jurisdiction under increased monitoring, it means the country has committed to resolve swiftly the identified strategic deficiencies,” it continued.
The state-run Emirates News Agency, in a statement published late Friday, said the FATF “Has recognised that the United Arab Emirates has made positive progress in its anti-money laundering, countering the financing of terrorism, and counter proliferation financing efforts.”
The watchdog group’s “Gray list” is not as severe as its “Black list,” which includes North Korea and Iran.
“The UAE takes its role in protecting the integrity of the global financial system extremely seriously and will work closely with the FATF to quickly remedy the areas of improvement identified,” said the UAE’s agency in charge of combating money laundering, according to Emirates News Agency.
Court Dismisses Tahir Hussain’S Bail Plea In Money Laundering Case Over Alleged Funding Of Northeast Delhi Violence
A Delhi Court on Saturday dismissed the bail plea moved by former AAP Councilor Tahir Hussain in a money laundering case registered by the Enforcement Directorate in connection with the alleged funding of Northeast Delhi violence of February 2020.
Tahir Hussain is accused in many riots related cases and in custody for one and half years.
Advocate N. K. Matta, Special Prosecutor for ED had argued that there is sufficient material on record against the accused and a case of Money laundering is made out against him.
On the other hand, Advocate Rizwan, counsel for Tahir Hussain had concluded that no case of money laundering is made out against his client.
He argued that Tahir Hussain has been made accused of money laundering along with Amit Gupta.
He argued that Amit Gupta has not been made an accused of the riots case on the basis of which this money laundering case was registered.
According to the Delhi Police, Tahir Hussain is one of the prime accused in connection with North East Delhi Violence of February 2020.
DUBAI-A global watchdog censured the United Arab Emirates for not doing enough in confronting money laundering and terrorism financing activities, adding it to a list of countries requiring increased monitoring, in a blow to the Middle East nation’s image as a safe business and investment hub.
The Financial Action Task Force, a Paris-based intergovernmental body that audits the ability of nations to detect and disrupt illicit finance, on Friday clubbed the U.A.E. with 22 other countries, including Pakistan, Syria and Nicaragua, in a so-called gray list of jurisdictions that are deemed deficient but working with the FATF to improve.
FATF said the U.A.E. has committed to combating sanctions evasion, increasing resources to use financial intelligence to pursue money laundering, demonstrating a sustained increase in investigations and prosecutions of such activities.
“On this basis, the U.A.E. will continue its ongoing efforts to identify, disrupt and punish criminals and illicit financial networks in line with FATF’s findings,” the U.A.E.’s Executive Office of Anti-Money Laundering and Countering the Financing of Terrorism said.
Ahmed Al Sayegh, U.A.E. Minister of State, said the country had already made significant progress in addressing FATF’s concerns by investing in regulators, law enforcement and financial intelligence, and is committed to ensuring those changes are sustained.
While the designation is a blow to its image as a secure financial hub, bankers in the U.A.E. said it would have little material impact in the short term on foreign investment or confidence in the country’s financial system.
Mohamed Damak, senior director at S&P Global Ratings, didn’t want to comment directly on the U.A.E., but said that when a country is on the gray list, the cost of cross-border funding and transacting with banks there may be higher, due to additional checks and compliance requirements.
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Micron Technology’s solid-state drive for data center customers is presented at a product launch event in San Francisco, U.S., October 24, 2019.
Register now for FREE unlimited access to Reuters.comTOKYO, Oct 20 – U.S. memory chip maker Micron Technology Inc will build a new factory at its Japanese production site in Hiroshima at a cost of 800 billion yen, the Nikkan Kogyo newspaper reported on Wednesday.
The new facility will make DRAM chips, which are widely used in data centres, with production set to begin in 2024, the report said, without citing sources.
Micron officials in Japan were not immediately available to comment.
Register now for FREE unlimited access to Reuters.comCOVID-19 pandemic stay-at-home demand for electronic devices is causing shortages of non-memory chips that has forced some manufacturers, such as automakers and smartphone makers, to curtail production.
The report comes after chip giant Taiwan Semiconductor Manufacturing Co.(TSMC) announced plans last week to build a plant in Japan, that media reports said may be partly paid for by the Japanese government.
Micron, which also produces slower, but cheaper, NAND memory chips for the data storage market, makes 300 millimetre DRAM semiconductors at its plant in Hiroshima and has a research and development facility there.
Scope: Design and Manufacturing of semiconductor memories.
An audit, conducted and documented in a report, has verified that this quality management system fulfills the requirements of the following International Automotive Standard: IATF 16949:2016 Certificate registration no.
2/5 2017-03-09 Remote Location Annex to certificate registration no.
4/5 2017-03-09 Remote Location Annex to certificate registration no.
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Egypt-Japan University of Science and Technology Ramesh POKHAREL Department of Electronics Graduate School of Information Science and Electrical Engineering Kyushu h University i i Contents zWhat is E-JUST? zHow E-JUST functions? Two tier model in research supervision Two-tier zHow is Kyushu y Universityy supporting pp g to E-JUST? Japanese Universities Management support Goal zHuman resources development and to trap them within the country.
zTop 500 University in 10 years Motivation for Us zFirst Japanese-style university abroad zGlobalization of Japanese education system in middle east and d African c nations o s zInternational collaboration in science and technology Clustering of JSUC by Programs Play main role in supporting each program.
zHow is Kyudai extending its full-fledged support to E-JUST? E JUST? Kyudai’s ongoing IT Projects andd Completed l d IT Projects j Kyudai’s ongoing Rural IT Project : An example p of Bangladesh g Developed countries Rapidly developing countries Developing countries : Ex. African nations Group 1 Group 2 Group 3 Egypt is a gateway Concept of to African nations and middle east IT Future market Bottom of Pyramid Kyushu University’s University s Grameen IT Project Silicon Sea Belt Fukuoka Project: Prof. Yas ＊Center ＊C t off Semiconductor S i d t design.
Running cost EDA: CAD Tools Collaboration Horizontal specialization Fabless LSI Design only, First TAT, New company, Venture company Necessityy of research and development p resources for LSI Design g Foundryy LSI fabrication Have a deep sub-micron semiconductor fabrication plant Course module offered by Kyudai’s two Associate professors Analyses and design of VLSI mixed signal integrated circuits: Projectbased learning Course outline: Architectural and circuit level design and analysis of monolithic integrated circuits in COMS and BiCMOS technology.
Oscillator, ADC) VLSI design and analysis using CAD tools.
CAD tools t l : World-class W ld l professional f i l tools t l Attainment objectives :Analytical skills: -Learn how to analyze integrated circuits using CAD tools P i l Skills Practical Skill : -Learn how to design actual electronics and how to chart them Soft Skills: -Master various kinds of CAD tools P f i l skills: Professional kill -Design and analyze integrated circuits in advanced CMOS and BiCOMS technology.
Project: Verification 12 P j t: Project Instruction I t ti Pipelining Pi li i Extension E t i 13 Project: DSP Extension 14 Project : FPGA Prototyping and Evaluation 15 Project Presentations Project-based learning Conclusion zE-JUST: International Collaboration in science and technology through university z Globalization of Japanese p education system y in the middle east and African nations through E-JUST. zE-JUST-Dream zE JUST Dream come true!!! Thank you for your kind attention !! ..
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Product Data Power Amplifier – Type 2713 USES FEATURES: Driving Brüel&Kjær Hydrophones Types 8103, 8104 and 8105 as projectors 100 V, 1 A into capacitive load Driving electrostatic actuators at high voltage levels As general purpose power amplifier for capacitive piezoelectric transducers Frequency range 10 Hz to 200 kHz 0 to 60 dB voltage gain in six 10 dB ranges Switchable maximum output voltage limits Circuit protection against overload The Power Amplifier Type 2713 is designed specifically to drive highly capacitive transducers to high voltage levels, such as when the Brüel&Kjær Hydrophones Types 8103, 8104 or 8105 are employed as projectors in underwater calibration arrangements.
These special requirements place severe demands on the output section of the power amplifier because the voltage and current are out of phase with each other with capacitive loading, so that transistors will not be satisfactory, due to secondary break- Brüel & Kjær B K down limitations.
Switchable voltage limits of 100 V, (141 V (peak for reactive loads, 75 V,. The maximum RMS current availa- ble can be found from the following relationship: 100 + W I = ———- ) 200 Where the output power depends upon the loading and the duty cycle of the amplifier.
In any case the maximum continuous output power available is 100 W. With the “Pure” capacitive loading obtained from the hydrophone, the output power will be 0 W, so the maximum continuous current = 0.5 A When the amplifier is operating with a gated signal, the maximum available RMS current limits the duty cycle to 50% when a current level of 1,41 A is required.
The output voltage can be monitored at the “Monitor” socket on the front panel which gives a calibrated level of 0.1V for each 1.0V at the “Output”.
The “Overload” lamp on the front panel lights, and the signal is prevented from reaching the output section if the output voltage exceeds the preset “Voltage Limit”, or if the output current exceeds the peak value of 1,41 A. The lamp also lights and the output is removed during the “Warm-up” period of the instrument.
Should the output section temperature rise above 120 °C, the “Overload” lamp will light and the output be inhibited.
Liegt im Nordosten des Landkreises Ludwigslust-Parchim in Mecklenburg-Vorpommern in der gleichnamigen Seenlandschaft.
Juli 2004 kamen die Stadt Brüel und die fünf Gemeinden Blankenberg, Kuhlen-Wendorf, Langen Jarchow, Weitendorf und Zahrensdorf des aufgelösten Amtes Brüel hinzu.
Das Amtsgebiet wird von der Warnow und der Mildenitz durchflossen.
Der Große Sternberger See und der Groß Labenzer See sind die größten der zahlreichen Seen im Amt.
Neben der Landwirtschaft spielt insbesondere der Tourismus an den verschiedenen Seen eine zunehmende Rolle.
Die im Bau befindliche A 14 streift das Amtsgebiet im Nordwesten, der einzig verbliebene Bahnhof in Blankenberg liegt an der Bahnlinie Schwerin-Rostock.
Im Jahr 2006 wurde der Naturpark Sternberger Seenland gegründet und inzwischen schon als Qualitäts-Naturpark ausgezeichnet.