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Spin-Squeezing: Atoms Work Together for Better Quantum Measurements

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Spin-Squeezing: Atoms Work Together for Better Quantum Measurements


Opening new possibilities for quantum sensors, atomic clocks and tests of fundamental physics, JILA researchers have developed new ways of “entangling” or interlinking the properties of large numbers of particles. In the process, they have devised ways to measure large groups of atoms more accurately even in disruptive, noisy environments.

Higher accuracy atomic clocks, such as the “tweezer clock” depicted here, could result from linking or “entangling” atoms in a new way through a method known as “spin squeezing,” in which one property of an atom is measured more precisely than is usually allowed in quantum mechanics by decreasing the precision in which a complementary property is measured. Image credit: S. Burrows/JILA

The new techniques are described in a pair of papers published in Nature. JILA is a joint institute of the National Institute of Standards and Technology (NIST) and the University of Colorado Boulder.

“Entanglement is the holy grail of measurement science,” said Ana Maria Rey, a theoretical physicist and a JILA and NIST Fellow.

“Atoms are the best sensors ever. They’re universal. The problem is that they’re quantum objects, so they’re intrinsically noisy. When you measure them, sometimes they’re in one energy state, sometimes they’re in another state. When you entangle them, you can manage to cancel the noise.”

When atoms are entangled, what happens to one atom affects all the atoms entangled to it. Having dozens — better yet, hundreds — of entangled atoms working together reduces the noise, and the signal from the measurement becomes clearer, more certain. Entangled atoms also reduce the number of times scientists need to run their measurements, getting results in less time.

Spintronics - artistic concept.

Spintronics – artistic concept. Image credit: Creativity103 via Flickr, CC BY 2.0

One means of entanglement is with a process called spin squeezing. Like all objects that obey the rules of quantum physics, atoms can exist in multiple energy states at once, an ability known as superposition. Spin squeezing reduces all those possible superposition states in an atom to just a few possibilities. It’s like squeezing a balloon.

When you squeeze the balloon, the middle shrinks and the opposite ends become bigger. When atoms are spin squeezed, the range of possible states they can be in narrows in some directions and expands in others.

But it’s harder to entangle atoms that are farther away from each other. Atoms have stronger interactions with atoms that are closest to them; the farther away the atoms, the weaker their interactions.

Quantum physics, sea of excitons - artistic interpretation.

Quantum physics, sea of excitons – artistic interpretation. Image credit: Sigmund via Unsplash, free license

Think of it like people talking at a crowded party. People closest to each other can have a conversation, but those across the room can barely hear them, and the information gets lost down the line. Scientists want the whole party of atoms to talk to each other at the same time. Physicists around the world are all looking at different ways to achieve that entanglement.

“A major goal in the community is to produce entangled states to get higher-precision measurements in a shorter amount of time,” said Adam Kaufman, a physicist and JILA Fellow.

Kaufman and Rey worked together on proposals to achieve that entanglement, one of which Rey and her collaborators at the University of Innsbruck in Austria demonstrated.

In this experiment, the team lined up 51 calcium ions in a trap and used lasers to induce interactions between them. This is because the laser excites phonons, vibrations sort of like sound waves between the atoms.

Those phonons spread down the line of atoms, linking them together. In prior experiments, these links were engineered to be static, so an ion could only talk to a specific set of ions when illuminated by the lasers.

Quantum states, quantum physics - artistic interpretation.

Quantum states, quantum physics – artistic interpretation. Image credit: Ben Wicks via Unsplash, free license

By adding external magnetic fields, it was possible to make the links dynamic, growing and changing over time. That meant an ion that could talk to only one group of ions at first could talk to a different group, and eventually, it was able to talk to all other ions in the array.

This overcomes that distance problem, Rey says, and the interactions were strong all the way down the line of atoms. Now all the atoms were working together, and they could all talk to each other without losing the message along the way.

Within a short amount of time, the ions became entangled, forming a spin-squeezed state, but with a little more time, they transformed into what’s called a cat state. This state is named for Erwin Schrodinger’s famous thought experiment about superposition, in which he proposed that a cat trapped in a box is both alive and dead until the box is opened and its state can be observed.

For atoms, a cat state is a special kind of superposition in which the atoms are in two diametrically opposed states, like up and down, at the same time. Cat states are highly entangled, Rey points out, making them especially great for measurement science.

The next step will be to try this technique with a two-dimensional array of atoms, upping the number of atoms to improve how long they can stay in these entangled states. Additionally, it could potentially let scientists make measurements more precisely and much quicker.

Spin-squeezing entanglement could also benefit optical atomic clocks, which are an important measurement science tool. Kaufman and his group at JILA, along with collaborators in NIST/JILA colleague Jun Ye’s group, tested a different method in another study in this issue of Nature.

The researchers loaded 140 strontium atoms into an optical lattice, a single plane of light to hold the atoms. They used finely controlled beams of light, called optical tweezers, to place the atoms into little subgroups of 16 to 70 atoms each.

With a high-power ultraviolet laser, they excited the atoms into a superposition of their usual “clock” state and a higher-energy Rydberg state. This technique is called Rydberg dressing.

The clock state atoms are like the quiet people at the crowded party; they don’t strongly interact with others. But for atoms in the Rydberg state, the outermost electron is so far from the center of the atom that the atom is effectively very large in size, enabling it to interact more strongly with the other atoms.

Now the whole party is talking. With this spin-squeezing technique, they can create entanglement across the entire array of 70 atoms.

The researchers compared frequency measurements between 70-atom groups and found that this entanglement improved precision below the limit for unentangled particles, known as the standard quantum limit.

Quicker, more precise measurements will allow these clocks to be better sensors to search for dark matter and produce better time and frequency measurements.

Papers:

Johannes Franke, Sean R. Muleady, Raphael Kaubruegger, Florian Kranzl, Rainer Blatt, Ana Maria Rey, Manoj K. Joshi and Christian F. Roos. Quantum-enhanced sensing on optical transitions through finite-range interactions. Nature. Aug. 30, 2023. DOI: 10.1038/s41586-023-06472-z

William J. Eckner, Nelson Darkwah Oppong, Alec Cao, Aaron W. Young, William R. Milner, John M. Robinson, Jun Ye and Adam M. Kaufman. Realizing spin squeezing with Rydberg interactions in an optical clock. Nature. Aug. 30, 2023. DOI: 10.1038/s41586-023-06360-6

Source: NIST



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The human rights of the “alleged” mentally ill

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The-human-rights-of-the-alleged-mentally-ill.jpg
Photo taken of the material used in Auswitch by doctors and psychiatrists to experiment on Jewish prisoners. Photo: Gabriel Carrión.

Is psychiatry really a scientific discipline? And what is a mentally ill person?

A little over thirteen years ago I read on the cover of a health magazine, very critical of the traditional medical system, the headline: Is psychiatry a scientific discipline or a scam? And I have always thought that it would be interesting to capture the spirit of that headline and write a not too extensive book on the subject. Today, as we approach the end of the first quarter of the 21st century, it becomes increasingly urgent to permanently denounce the serious and false pandemic into which these doctors and big pharmaceutical companies are making us fall: mental illness.

Regardless of how history has treated people who have had the misfortune of falling into the hands of an atrociously aggressive psychiatry, with practices such as Lobotomies, Electroshock, chemical experiments, and an atrocious catalog, perfectly documented by historians and doctors in enough sections, we now add how easy it has been for these doctors to instill a false paradigm, where the “alleged mentally ill” It seems that it was born, when the reality is that more and more, different “disorders” are coined in order to pigeonhole the greatest number of people into them, without any scientific basis.

In 2008, in a publication dedicated to health, he prepared a very interesting article-interview, where Juan Pundik, a prestigious psychoanalyst, with more than 40 years of experience, founder and director of the Spanish School of Psychotherapy and Psychoanalysis, and founder-president of FILIUM, Association for the prevention of Child Abuse, among many other activities, highlighted that “millions of children around the world are being unfairly (2008) medicalized to ‘treat’ non-existent ‘behavioral disorders’.

The reference report, extensive and abundant in data, with references to the use of psychotropics already in World War II by the Nazis and the communists of the Soviet Union, as well as many other countries to achieve population control, at any price, throughout recent history, led to a question that I think is relevant to bring up, because, after more than fifteen years, it brings us closer to some of the “concerns of current psychiatrists” without wanting to denounce themselves that those muds and other previous ones, have brought us, almost with total guarantee, the remains of the increase in suicides in modern societies and the continued abuse of the so-called zombie drug: Fentanyl.

-What drugs do you consider are being prescribed excessively and inappropriately?

As part of this anti-medicalization campaign, in April 2006 I published ‘The Hyperactive Child’, a work in which I denounced the massive prescription of Rubifen, Concerta, Ritalin and methylphenidate to which children are generally being subjected. I denounced the non-existence of ADHD or Attention Deficit Disorder with or without hyperactivity, of the corrupt psychiatric bible that represents the diagnostic and statistical manual of mental disorders -DSM- and of the ‘pediatric cocaine’ of which the drug actually consists. ‘methylphenidate’.

If you are interested you can read everything related to the Rubifen and its main component methylphenidate: TOP ::. RUBIFEN 20 mg TABLETS LEAFLET (aemps.es).

Regarding said DRUGS in capital letters, Juan Pundik himself argued in 2008: Let’s not forget that the Rubifen package insert indicates dry mouth, dizziness, headache, insomnia, nausea, nervousness, palpitations, skin reactions and blood pressure changes as possible side effects. And according to some studies it can cause the sudden death of the child. A paragon of virtues. The same leaflet indicates that it should not be administered to children under 6 years of age and also warns that its use can generate amphetamine-type dependence. Today methylphenidate, a selective inhibitor of the reuptake of dopamine, noradrelin and serotonin, is considered one of the most addictive drugs.

ywAAAAAAQABAAACAUwAOw== The human rights of the “alleged” mentally ill
Metal stretcher where psychiatrists would lay out their “patients” to carry out experimental practices with them.

But since this medication is so dangerous, like many others that are on the market today, when secondary symptoms arise, the doctor, in most cases, counterattacks with more medication for the pain or discomfort that has occurred, without take into account the origin. And it is when we reach over-medicalization where we find patients who take an exacerbated amount of medications with no possibility of cure, except for ending up turned into a zombie, where they will end up being blamed by the medical class, being branded as addicted.

And when they give you the label of addicted, It is because in general they have not known how to face or manage doctors’ instructions wisely. And therefore you are a mentally ill definitive, since, like a stigma, you will carry said disease The addiction, throughout your life, with the doctor or psychiatrist being the one who will go on television to clearly say that these people have little capacity to face a reasoned or reasonable solution.

It is at this point that the human rights of these people slip down the toilet without anyone doing anything to review in a real way the gears that move the real industry behind psychiatry.

For those of us who walk on leaden feet treading nauseating puddles like this, sometimes we see that there are too many mental diseases, too many excesses, too many stories that make us fear that something dark and sinister is hidden, at least in some of the historical atrocities of which some psychiatrists have been protagonists throughout history, all of them with names and surnames.

I closed the notebook on November 24, 2023, at 11:03 with the purpose of collecting information for other stories.

As always, search and search for information on the Internet, in books, from people, and when you see that you already take more than a couple of pills a day, look for a trusted doctor who can dedicate a little more than five minutes to you and try to solve your problems. doubt, your life may be in danger. And of course, do not self-medicate or abandon any treatment without a qualified expert, unless it is possible that he or she is not the person who prescribed the medication.

Bibliography:
DSALUD Magazine, no. 128
DSALUD Magazine, no. 104
.:: TOP ::. RUBIFEN 20 mg TABLETS LEAFLET (aemps.es)

Pope Francis calls for peace in his “urbi et orbi” blessing

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Pope Francis calls for peace in his “urbi et orbi” blessing
Vatican Media - Bénédiction Urbi et Orbi de décembre 2023

At midday on Monday 25 December, Pope Francis delivered his traditional urbi et orbi blessing to the faithful around the world, during which he traditionally gave an overview of the world’s conflicts.

For believers and non-believers alike, Christmas is often seen as a time of truce. And yet, on 25 December, in many parts of the world, the clash of arms continues. This is clearly the case, first and foremost, in the Gaza Strip, where there is no respite. The Israeli air force and artillery continue to bomb the Gaza Strip on a massive scale.

In his traditional Christmas message on Monday, the Pope denounced the “desperate humanitarian situation” in Gaza, called for the release of the Israeli hostages still being held by terrorists in the Gaza Strip, and called for an end to the war, “madness without apology”. “I carry in my heart the pain of the victims of the heinous attack of 7 October and I renew my urgent appeal for the release of those who are still being held hostage”, declared Pope Francis, 87, in his traditional “Urbi et Orbi” (“to the city of Rome and to the world”) address.

“I call for an end to the military operations, with their appalling toll of innocent civilian victims, and for the desperate humanitarian situation to be remedied by opening the way for the arrival of humanitarian aid”, he added in front of several thousand pilgrims gathered in St Peter’s Square.

A gloomy Christmas, too, for the Palestinians of Bethlehem, which according to Christian tradition was the birthplace of Jesus Christ.
This year, the entire town in the occupied West Bank is draped in a veil of mourning. No gigantic Christmas tree, no flamboyant nativity scene. The war is on everyone’s mind more than ever. And that was also the meaning of Pope Francis’ message at last night’s Christmas Mass in St Peter’s Basilica:
“Our heart, this evening, is in Bethlehem, where the Prince of Peace is still rejected by the losing logic of war, with the clash of weapons that, even today, prevents him from finding a place in the world.”

The Pontiff also had a thought for the people of Syria, Yemen and Lebanon, praying that the latter would quickly return to political and social stability. And for Ukraine: “With my eyes fixed on the Infant Jesus, I implore peace for Ukraine,” continued the Holy Father.

No respite

Again this morning, on the 80th day of the war, an Israeli army bombardment killed 12 people near a small village in the centre of the besieged enclave, 18 last night. The whole weekend, moreover, was particularly deadly: at least 70 people were killed in a strike on a refugee camp, according to the Hamas government. Despite international pressure for a ceasefire, the conflict still offers no respite to civilians.

And despite everything, Netanyahu has announced an “intensification” of the fighting…

Israeli Prime Minister Benyamin Netanyahu announced that he had travelled to Gaza on Monday and promised members of his Likud party that he would “intensify” the fighting under way in the Palestinian territory against Hamas.

Security Council adopts key resolution on Gaza crisis

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Screenshot from UN video

The Security Council has adopted a resolution on Gaza crisis, with 13 votes in favour, and the US and Russia abstaining. The resolution, among other points, demands immediate, safe and unhindered delivery of humanitarian assistance at scale directly to the Palestinian civilian population throughout the Gaza Strip.

In the resolution, the Security Council reaffirmed the obligations of the parties to the conflict under international humanitarian law, especially regarding the protection of civilians and civilian objects, safety of humanitarian personnel, and the provision of humanitarian assistance.

The Council demanded that the parties “allow, facilitate and enable” the immediate, safe and unhindered delivery of humanitarian assistance at scale directly to the Palestinian civilian population throughout the Gaza Strip.

It also requested the UN Secretary-General to appoint a Senior Humanitarian and Reconstruction Coordinator with responsibility for “facilitating, coordinating, monitoring, and verifying” in Gaza, as appropriate, the humanitarian nature of all relief consignments to the enclave provided through States that are not party to the conflict.

It also called for the “expeditious” establishment of a UN mechanism to accelerate aid consignments to Gaza through States that are not party to the conflict, to expedite, streamline and accelerate assistance while continuing to help ensure that aid reaches its civilian destination.

The resolution on Gaza

Security Council resolution 2720 (2023)
UN News  – Security Council resolution 2720 (2023)

READ THE FULL TEXT OF THE RESOLUTION 

The Council has been negotiating throughout the week to find language which will avoid a further US veto, having first introduced a draft which called for a “cessation of hostilities”, which now calls for a “suspension” of fighting, to vastly increase access for lifesaving aid.

The US argued on Tuesday and in previous deadlocked sessions that any resolution must condemn the Hamas extremist group’s terror attacks of 7 October which sparked this deadly and unprecedented surge in the Palestine-Israel conflict, and which led to around 1,200 deaths in southern Israel and the capture of more than 200 hostages by extremists, dozens of whom remain captive in Gaza.

A boy cycles through the heavily bombarded Asqola neighbourhood of Gaza City.
© UNICEF/Omar Al-Qattaa – A boy cycles through the heavily bombarded Asqola neighbourhood of Gaza City.

Some countries critical of Israel’s offensive have argued in response that any resolution condemning Hamas, must also condemn the Israeli occupation and the thousands of civilian deaths resulting from Israel’s military action since 7 October.

According to media reports, a further sticking point for diplomats negotiating the draft resolution has been the setting up of a UN monitoring mechanism which would be responsible for assessing the effectiveness of aid delivery at scale, independent of either Israeli or Hamas authorities in Gaza.


EU sanctions include two Orthodox television channels and a private Orthodox military company

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Two Orthodox television stations and a private Orthodox military company are included in the 12th package of sanctions of the European Union

Two Russian television channels broadcasting “Orthodox content” are included in the latest 12th package of sanctions of the European Union, adopted on December 18 of this year, as fueling Russian aggression against Ukraine. These are the TV channel of the Russian Orthodox Church “Spas” and the TV channel “Tsargrad” of the so-called Orthodox oligarch K. Malofeev.

In addition to them, the list also includes the Andreevsky Cross Private Military Company (PMC), which is said to be a Russian private military company involved in Russia’s military actions in Ukraine and established by the Russian Orthodox Church in 2017. was established to prepare mobilized men for military action. “Since then, it has offered tactical training to Russian fighters engaged in Russia’s war of aggression against Ukraine.” After the fighters complete the tactical training offered by the St. Andrew’s Cross PMC, they sign contracts with the Russian Defense Ministry or the Wagner Group, the ruling said.

Regarding the two TV stations, the ruling said that the official church channel Spas was spreading “pro-Kremlin propaganda and disinformation about Russia’s aggressive war against Ukraine.” It also promotes the violation of the territorial integrity of other countries, the sovereignty and independence of Ukraine.

“Spas” is the first public federal channel, conceived as a missionary project of the Russian Orthodox Church and broadcasting only “Orthodox content”. It was included in the list of sanctions of the European Union, respectively banned from broadcasting on the territory of European countries, because of providing a religious justification for the war against Ukraine, which has been the main topic of television for the last two years.

“Spas” was established in 2005 by the Russian Orthodox Church and is financially supported by the government. It broadcasts all services, events and sermons of the Moscow Patriarch Kirill, films and journalistic shows. Since the beginning of the Russian war against Ukraine, his main guests have been propagandists of the Putin regime, whose task it is to present this war as a battle for Orthodoxy.

In addition to Spas, the Tsargrad TV channel of the so-called “Orthodox oligarch” K. Malofeev, who financially supported the pro-Russian separatists in Donbas, is also included in the sanctions list. The sanctions were imposed because Tsargrad “spreads disinformation and Russian propaganda about the war in Ukraine, supports nationalist narratives and justifies the occupation of Ukrainian territories and the removal of Ukrainian children.”

Companies associated with the “Orthodox oligarch” Malofeev received about 20 billion rubles before Russia’s full-scale invasion of Ukraine

The decision notes that the two TV stations support Russian military actions in Ukraine and materially.

Back in August, the Current Time (Nastoyashtee Vremya) TV channel reported that the Russian TV channel Tsargrad was blocked in Kazakhstan due to the propaganda of extremism. The Russian propaganda TV channel Tsargrad, owned by oligarch Konstantin Malofeev, was blocked in Kazakhstan. This was reported by Masa.media with reference to the Ministry of Information and Social Development of the republic. The decision to block Tsargrad was made after four warnings about extremist propaganda issued to the channel for publications with the headlines “Kazakh nationalists are terrorizing Russian women on the eve of Victory Day,” “Mambet, who drove the Russians out of Kazakhstan, apologized on camera,” and “Cossack stripes.” discord: in Kazakhstan they want to bring the Russians to their knees?

The Kaz Blocking Tracker service, which monitors the restriction of access to various sites in Kazakhstan, confirmed that at the moment the web resource of the Russian TV channel, located on tsargrad.tv and kz.tsargrad.tv, is completely blocked in the country.

According to Roskomsvoboda, in July 2020, YouTube blocked the Tsargrad channel without the possibility of restoration due to violation of export laws. In 2022, sanctions were introduced against the TV channel as a resource that promotes Kremlin propaganda and justifies Russian aggression against Ukraine.

Russian businessman Konstantin Malofeev, founder of Tsargrad, is also on the sanctions lists of the European Union, the United States and other countries. He has been on the international wanted list for more than six years for financing the so-called “DPR” and volunteer detachments fighting on the side of Russia in Ukraine.

Note: Editorial team created by RFE/RL with the participation of Voice of America “Current Time” TV channel is located in Prague (Czech Republic), and journalists work in Russia, Ukraine, Kazakhstan, Azerbaijan, Belarus, Georgia, Kyrgyzstan and other countries.

Pakistan uses artificial rain to combat smog

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Pakistan uses artificial rain
Islamabad, Federal Capital Territory, Pakistan. Photo by Iakub Arifulin: pexels.com

Artificial rain was used for the first time in Pakistan last Saturday in an attempt to combat dangerous levels of smog in the metropolis of Lahore.

In the first such experiment in the South Asian country, planes equipped with cloud-seeding technology flew over 10 districts of the city, which is often among the world’s worst places for air pollution.

The “gift” was provided by the United Arab Emirates, Punjab’s caretaker chief minister Mohsin Naqvi said.

Teams from the UAE, along with two planes, arrived here about 10-12 days ago. They used 48 flares to create the rain,” he told the media.

According to him, by Saturday evening the team will find out what the effect of the “artificial rain” was.

The UAE is increasingly using cloud seeding, sometimes called artificial rain or bluesking, to create rain in dry areas of the country.

Weather modification involves dropping common salt – or a mixture of different salts – into the clouds.

The crystals promote condensation, which forms as rain.

This technology has been used in dozens of countries, including the US, China and India.

According to experts, even very light rain is effective in reducing pollution.

Air pollution in Pakistan has increased in recent years as a mixture of low-grade diesel fumes, smoke from seasonal crop burning and cold winter temperatures coalesce into stagnant clouds of smog.

Lahore suffers the most from the toxic smog that suffocates the lungs of more than 11 million Lahore residents during the winter season.

Breathing the poisonous air has disastrous health consequences.

According to the WHO, prolonged exposure can cause strokes, heart disease, lung cancer and respiratory diseases.

Successive governments have used various methods to reduce air pollution in Lahore, including spraying water on roads and closing schools, factories and markets on weekends, with little or no success.

Asked about a long-term strategy to combat smog, the chief minister said the government needed studies to formulate a plan.

But some experts say it is a complicated, expensive exercise whose efficacy in battling pollution is not completely proven, and that more research is needed to understand its long-term environmental impact.

The Strauss dynasty with a new interactive museum in Vienna

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“Strauss House” is not just a museum. Concerts will be held in it, and those who wish can take on the role of conductors

A new interactive museum dedicated to the Strauss musical dynasty has opened its doors in the Austrian capital, the Vienna Tourist Board announced in a December Press Release.

It pays tribute to the famous Austrian musical dynasty. Johann Strauss-father and his three sons remain in the world’s musical memory. Two generations of genius artists composed hundreds of marches, polkas, waltzes, mazurkas, operettas, ruling more than two centuries in ballrooms and theaters on all continents, the announcement states.

The museum is located in the building of the restored Casino Zögernitz, which opened its doors to the Viennese high society in 1837. In it, the great musicians performed their works in front of a sophisticated audience.

Nowadays, the museum wants to attract the young audience as well. The exhibition transports visitors to the 19th century. In one of the salons, the original piano of Eduard Strauss is on display, and on the walls there is information about the life of the musicians.

“Strauss House” is not just a museum. Concerts will be held in it, and those who wish can take on the role of conductors. Before attempting to conduct, they have the opportunity to measure their “waltz pulse”.

Information about the “Danube Waltz” and “Radetsky March”, their scores and the musical works themselves are accessible through the touch screen.

With the help of a multimedia installation, animated graphics and visual effects, everyone can immerse themselves in the spirit of the era. Of course, the museum does not lack a replica of the golden statue of Johann Strauss-son from the Vienna Stadtpark, which is an ideal place for selfies.

The heart of the “Strauss House” is the ballroom with a portrait of Strauss by Gottfried Helnwein, where concerts will be held from next year. The restorers have managed to revive the splendor of the bygone era with marble floors, opulent crystal chandeliers, original Viennese Thonet chairs, wallpaper and ceiling frescoes.

In the future, guests will be able to combine a visit to the museum with a breakfast named after Strauss or a fine dinner served with Strauss wine.

An interesting detail is that the audio guide was recorded by the great-great-great-grandson of Johann Strauss-father. A short film at the beginning of the visit presents the most important facts from the life of the musical family and the era in which they lived and worked.

The heir to the Hermès empire plans to adopt his 51-year-old gardener and leave him half of his $12 billion

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Nicolas Puech, the 80-year-old heir to the Hermès fortune, is reportedly planning to distribute his fortune in an unexpected way.

According to Swiss publication Tribune de Genève, cited by the New York Post, Puech plans to name his “former gardener and handyman,” an unnamed 51-year-old man, as his successor. Pueh, who is unmarried and has no children of his own, will transfer billions of dollars from the Hermès fortune, which is currently valued at more than $220 billion.

Puech reportedly owns between 5% and 6% of the company, putting his net worth between $11 billion and $12 billion, and the Swiss publication reports that he may pass on half of his inheritance to his former gardener. He is said to still be rearranging the benefactors of his estate and may transfer the rest of his money elsewhere.

According to the Tribune de Genève, Puech has already started legal proceedings to make the man his successor. The unidentified man is reportedly of Moroccan descent, married to a Spanish woman and has a family of his own. He will also inherit properties from Puech in Marrakech, Morocco, and Montreux, Switzerland, valued at $5.9 million.

Puech is a fifth-generation heir to Thierry Hermès, who founded the fashion house – best known for its Birkin bags – in 1837 in Paris. He left the supervisory board in 2014 on less than favorable terms when LVMH acquired 23% of Hermès, according to Fortune.

“He resigned because he felt besieged for several years by members of his family who attacked him on several fronts, not only regarding LVMH,” a Puech spokesman said at the time, Fashion Network reported via AFP.

“He had some very bad experiences and he felt very bad and he felt strongly criticized on many occasions, even though he is very attached to Hermès.”

A fine of 41.7 million euros for the largest banks in Greece

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The Greek Commission for the Protection of Competition has imposed the largest fine imposed so far in the amount of 41.7 million euros on several banks in Greece, the Greek TV channel Sky reported.

Piraeus Bank is obliged to pay EUR 12.9 million, National Bank of Greece – EUR 9.9 million, Alpha Bank – EUR 9.1 million, Eurobank (EFG Eurobank) – 7.9 million euros, Attica Bank – 143 thousand euros, and the Hellenic Union of Banks – 1.5 million euros.

The television specified that the fine would have been even higher if the banks had not confirmed that they were in breach and if they had not agreed to the Commission’s terms.

Among the violations of the banks is the imposition of a commission for withdrawing money from an ATM of a foreign bank in the amount of up to 3 euros. The Greek Competition Commission has found that this practice has been going on since 2018.

The banks say that in two-thirds of the cases, these charges affected tourists, as Greek consumers sought to withdraw from their banks’ ATMs.

Another violation was joint arrangements between banks in 2018-2019 on whether to impose fees for a number of banking operations for which amounts were not charged until then, such as issuing and accepting accounts and payment cards, cashiering, credit operations and etc. There was also an idea to introduce identical packages of banking services. In the end, no fees were imposed, emphasize the banks, which admit that there were discussions.

The Hellenic Union of Banks was fined for the organization of these talks as an intermediary.

The Greek Competition Commission began investigating the banks in November 2019.

In addition to the inspections, the financial institution VIVA filed a complaint that its entry into the market was prevented.

As well as having to pay their fines, the banks have also agreed to a number of conditions, such as reducing their transaction fees from 1 January 2024 and not changing them for three years. Piraeus Bank will reduce the corresponding fee from 3 to 2 euros, the National Bank of Greece – from 2.60 to 1.90 euros, Alfa Bank and Eurobank – from 2.50 to 1.80, and Attica Bank – from 2 to 1. 50.

Regarding the “arrangements” made, sources from the banking sector, whose members were meeting late last night, emphasized that the exchange of information was part of the need for a dialogue with VISA and Mastercard regarding the change in the way some transactions are priced, mainly at the European level. They have indicated that in no case was there any coordination in the setting of tariffs.

Illustrative Photo by Pixabay: https://www.pexels.com/photo/low-angle-photograph-of-the-parthenon-during-daytime-164336/

33 pythons found on a train from Bulgaria to Turkey

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Turkish customs officials found 33 pythons on a train traveling from Bulgaria to Turkey, Nova TV reported.

The operation was at the Kapakule border crossing.

The snakes were hidden under a passenger’s bed. Two of the reptiles were already dead upon physical examination.

Each of the pythons was netted and covered with a coat.

A Turkish citizen is suspected and detained for the illegal traffic.

Pre-trial proceedings have been initiated against the suspect, and the pythons have been handed over to conservationists.

The man who tried to smuggle the reptiles into Turkey has been fined more than 26,000 Turkish liras by the Edirne Branch Directorate of Nature Conservation and National Parks.

This is not the first case of foiled snake smuggling on Kapukule. In June of this year, 32 small pythons were found in a truck that entered Turkey from Bulgaria.

Photo/Stop motion: New TV