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Saturday, November 21, 2009
News Making Money

Nike Unveils Team USA’s Most Innovative, Lightest Footwear and Apparel Designs Ever

02/07/2008 01:44 (507 Day 02:58 minutes ago)

The FINANCIAL -- Nike athletes, including Lauryn Williams, premiered Nike’s USA Track and Field (USATF) uniforms, which will be worn by members of the 2008 Olympic Team for Track & Field, before a sold-out crowd of 20,000 fans at the University of Oregon’s historic Hayward Field during the U.S. Track and Field Olympic Trials.

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Nike was born in Eugene, Ore. and first introduced its iconic Swoosh on Hayward Field at the 1972 U.S. Olympic Trials. Over 30 years and hundreds of medals later, Nike continues to innovate for the world’s top athletes.

 

Nike’s USATF uniforms feature new Nike Swift materials, reducing weight to achieve less drag and faster times, and also include Nike Aerographics and the “We the People” graphic. With seven percent less drag than the Athens version, wearing the new Nike Swift Suit translates to a benefit of about .02 of a second in the 100m.

 

Nike Swift System of Dress


The Nike Swift System of Dress lets athletes customize what they’re wearing while increasing aerodynamic advantages on key parts of the body. Socks, gloves and arm coverings—an entire system of dress—were developed by Nike so sprinters could run faster. For example, the Nike Swift gloves and arm coverings have dimpled fabrics like a golf ball to cut wind resistance and allow arms to slice through the air faster. In testing, the design team found that compared with bare skin, the gloves and arm coverings reduce drag by 19 percent and the socks by 12.5 percent.

 

“Our new innovations are truly game changing and industry defining. It is the lightest footwear and apparel we’ve ever created,” said Sean McDowell, Nike’s Footwear Design Director. “The world’s top Nike athletes are wearing Flywire technology at the trials because they want gold.”

 

“The difference between making the team and not making the team comes down to mere hundredths of a second,” said U.S. Olympic Committee Chief Executive Officer Jim Scherr. “Nike’s ability to deliver ground-breaking apparel and footwear with cutting edge technology has been incredible. We are proud to have worked so closely with Nike to develop this amazing, innovative and eye-catching Olympic collection.”

 

Nike Track and Field Footwear


The uniform also features footwear with Nike’s industry leading new Flywire technology. Nike athletes Kara Goucher and Bernard Lagat will perform in the Zoom Matumbo, Nike’s lightest distance track spike. Lagat will also wear the Zoom Victory Spike, currently Nike’s lightestmiddle distance track spike. Both shoes arelighter than Michael Johnson’s famed gold spikes from the 1996 Olympic Games in Atlanta.

 

For the first time, Nike is making more athlete innovations available to consumers with footwear such as: The LunaRacer+, LunarTrainer+, Zoom Victory+, Zoom Matumbo and Zoom Victory Spike. Now, every runner can benefit from Nike’s Flywire and Lunarlite technology. This footwear is available to consumers beginning in July and rolling out through October, 2008.

 

 

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Politics
Biden Calls for Fulfilling Promises of Rose Revolution

20/11/2009 12:35 (16:07 minutes ago)

The FINANCIAL -- According to Civil Georgia, U.S. Vice President Joe Biden called President Saakashvili on November 18 to discuss democratic reform in Georgia and to reiterate the United States’ strong support for Georgia’s sovereignty and territorial integrity, the White House reported.

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Markets
NASDAQ OMX Stockholm and Valueguard Launch New Housing Price Index

20/11/2009 16:10 (12:32 minutes ago)

The FINANCIAL -- NASDAQ OMX Stockholm AB, part of the NASDAQ OMX Group (NASDAQ:NDAQ), together with Valueguard on November 19 introduced a new suite of housing price index, "NASDAQ OMX Valueguard-KTH Flats" (HOX), based on the price development for privately held flats in Sweden's three largest cities.

INSURANCE
ING restructuring plan approved by European Commission

19/11/2009 12:39 (1 Day 16:03 minutes ago)

The FINANCIAL -- ING announced on November 18 that the European Commission has formally approved the restructuring plan submitted by ING .

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