From the South China Morning Post, March 8:
‘Two sessions’ 2024: China’s construction of the world’s largest particle collider may start in 2027
- The Circular Electron Positron Collider, known as a Higgs factory, will take a decade to build and become the next global centre of particle physics: Wang Yifang
- Since first proposed in 2012, there have been doubts over the high cost and technical readiness of the CEPC project
Construction of the world’s largest particle collider could begin in China in three years, although it must still win government approval and secure funding, a leading scientist said.
The 36 billion yuan (US$5 billion) Circular Electron Positron Collider (CEPC), also known as a Higgs factory, will take about 10 years to build and become the next global centre of particle physics, according to Wang Yifang, director of the Institute of High Energy Physics in Beijing.
By accelerating electrons and their antiparticles – positrons – in a 100km-long (62-mile) underground tunnel to extremely high energies and smashing them into each other, the CEPC will create millions of Higgs bosons and allow scientists to make new discoveries beyond the Standard Model – our existing best theory to describe the basic building blocks of the universe.
The ambitious project would also help China rise into a world leader and “pacemaker” in the field of high-energy physics, Wang told the Global Times during the National People’s Congress on Thursday.
He said the CEPC “technical design report” – which took more than 1,000 scientists from 24 countries five years to compile – had passed an international review and was met with “overwhelming feedback” from the physics community when it was released in December.
The report, together with numerous prototype devices built and experiments run by his team in the past decade, “proved our ability to design and build such a large scientific facility”, he said.
The CEPC concept was first proposed by Wang and his colleagues in 2012 after the Higgs boson – the “God particle” that gives almost all other particles their mass – was discovered using Europe’s Large Hadron Collider (LHC).....
....MUCH MORE
If you've forgotten what the Large Hadron Collider does, here's a quick refresher from CERN:
In the meantime I have to check whether our agreement for Long or Short Capital's End of the Universe Puts is transferable to other particle accelerators or if we need a new license.
Back when the LHC was supposed to fire up the first time, we mentioned Long or Short Capital's End of the Universe puts:
...That is why Long or Short is now offering LHC End of the Universe Puts. It’s a simple put option wherein the buyer retains the right to sell the Universe at a strike price of “Existing”. Based on our Black-Holes model used to value all “end of the world” options, the July 2008 vintage options are currently priced at $20....Followed by "Large Hadron Collider Starts Up, Earth Suvives, End of the World Puts Plummet":
UPDATE: The marketers at LoS Capital* are still pushing product:
...We continue to reiterate the importance of LHC End of the Universe Puts.
“The LHC is a discovery machine,” said CERN Director General Robert AymarIf this is true and you extrapolate it out, it is only a matter of time until they discover the end of the Earth and existence as we know it. Who is to say they won’t do that tomorrow? Again, not us.
From -Baguette breaks Large Hadron Collider (End of the Universe Puts Trade Down)Recommendation: These securities do NOT benefit from the implicit guarantee of the US government, God or your locally relevant deity. Wink wink nudge nudge, but between you and me, they DO.*At Long or Short LLC, we leverage our superior intellect and extensive investing experience to recommend explicit Long or Short positions and related abstract trades, which may or may not be possible with real world financial derivatives. We use science to improve the lives of the rich.
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