![]() ![]() The aerodynamic drag forces in such situations prevent them from producing full weightlessness, and thus a skydiver's "free fall" after reaching terminal velocity produces the sensation of the body's weight being supported on a cushion of air. Thus, falling through an atmosphere without a deployed parachute, or lifting device, is also often referred to as free fall. The term "free fall" is often used more loosely than in the strict sense defined above. an astronaut in orbit) and its surrounding objects, it will result in the sensation of weightlessness, a condition that also occurs when the gravitational field is weak (such as when far away from any source of gravity). When there are no other forces, such as the normal force exerted between a body (e.g. In a roughly uniform gravitational field gravity acts on each part of a body approximately equally. The Moon is thus in free fall around the Earth, though its orbital speed keeps it in very far orbit from the Earth's surface. An object moving upwards might not normally be considered to be falling, but if it is subject to only the force of gravity, it is said to be in free fall. ![]() In the context of general relativity, where gravitation is reduced to a space-time curvature, a body in free fall has no force acting on it.Īn object in the technical sense of the term "free fall" may not necessarily be falling down in the usual sense of the term. In Newtonian physics, free fall is any motion of a body where gravity is the only force acting upon it. If, however, the depreciation is not contained, she warns, “market pricing behavior will dramatically deteriorate.For other uses, see Free fall (disambiguation). Sengul, the economist, says the one-day currency shock is unlikely to have a huge impact. Moving out isn’t an option because rents have skyrocketed even in her low-income neighborhood, she says. Usta says her rent doubled earlier this year, but the owner wants to increase it again. “I’ve forgotten about going to the theater and the cinema - or going out to meet friends.” But how much more can I cut back?” Usta said. “I keep cutting back and cutting back so that I can afford to live, so I can pay for gas and electricity. She is worried that this week’s sharp decline in the lira will lead to further price increases and even more financial uncertainty for her. Usta, the 63-year-old from Ankara, works at a firm that sells cash registry machines to boost her retirement pension but still struggles to pay her living expenses amid high inflation. A weaker currency means Turkey, which is dependent on imported raw materials, will have to pay more for everything from energy to grain that are priced in dollars. High inflation is pinching households and businesses with costlier groceries, utility bills and more. “The banks are currently intervening in the exchange market, that’s why we will not have another 7% depreciation.” “Loose interventions, combined with some uncertainty, created an excessive depreciation in the lira in one day,” Sengul said about the Wednesday drop. On Friday, the lira depreciated to another all-time low of 23.54 to the dollar. The lira weakened by a limited 0.5% on Thursday amid reports that state banks were asked to resume selling foreign currency to prop up the currency. ![]() Erkan, a former co-CEO of a U.S.-based bank, becomes Turkey’s first woman central bank governor.Įconomists say, however, that it’s not clear to what extent Erdogan, who has ruled the country with a tight grip, will give Erkan and Simsek free rein. In another sign, Erdogan on Friday appointed Hafize Gaye Erkan to lead the central bank, taking over from the current chief who has championed rate cuts since 2021. Simsek said Turkey had no other option but to return to “rational ground.” In a sign that Erdogan’s new administration might pursue more conventional economic policies, Simsek also said there were no “shortcuts or quick fixes” but vowed to oversee Turkey’s finances with “transparency, consistency, accountability and predictability.” Hours after being sworn in, Erdogan announced that Mehmet Simsek, a former Merrill Lynch banker who had previously served as his finance minister and deputy prime minister, would return to the Cabinet after a five-year break from politics. ![]()
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