Superconductors that possibly work at room temp.
Anonymous Coward writes "University of Houston, Texas researchers have found subtle
signs of superconductivity in nanotubes of carbon. They
may conduct electricity without any resistance, at temperatures stretching up past the boiling point of water. See the story on EurekAlert"
Persistent currents, on the other hand, are created when you cool a superconducting ring (doesn't work with solid chunks because of the Meissner effect) below its critital temperature in a magnetic field, and then remove the external field. The superconductor has to maintain whatever magnetic flux through the ring that was present when it became superconducting, so a current is induced that mimics the external field. That current stays around until either the original external magnetic field is restored or the material ceases to be superconducting.
And I'd damn well better know what I'm talking about, since this will be on the final in 2 weeks.
(I didn't bother with much detail about the Meissner effect and its consequences. If you're confused about the persistent current part, I can explain that in detail.)
Bugrit! Millenium hand and shrimp!